Professionals of Building Services 1 December 2017
One of the Largest in Finland The name Quattro Mikenti Group brings together two groups of companies that have seen rapid growth in the past decade: QMG was formed following the merger of Mikenti-Yhtiöt Ltd and Quattroservices Ltd in October 2013. Many others have joined us since then. Finnair House of Travel and Transportation Helsinki Airport, Finland E We Are One of the Largest and Most International HVAC & Electrical Contractors in Finland We are able to cover the full range of building services. Our business model is highly specialised. Each of our subsidiaries has extensive knowledge and professionalism in its distinct field of expertise. When we combine our efforts, the scope or technical complexity of a project sets us no limits. Our subsidiaries are based in twenty-two cities in Finland, where our Clients include the leading contractors and builders. Our Russian offices are located in St Petersburg, Moscow, Samara, and Nizhny Novgorod. In Russia we focus on industrial projects and invest in long-term business relationships. We are in the process of starting a new operation in Tallinn, Estonia. P-Flemari Helsinki, Finland HVAC 2
A Dedicated Provider of Technical Building Services Our services cover the full array of mechanical, electrical and sprinkler systems. We focus mainly on industrial and commercial projects in Finland and in Russia. Our typical projects in Finland include commercial buildings, logistics facilities, office spaces, schools, and hospitals. Most of our HVAC projects are residential buildings and nursing homes. We are specialised in building services for modular buildings. In the Russian market our focus is on industrial projects. We offer both subcontract and full contract services. We are specialised in turn-key design build contracts. We pursue a quick and cost-effective implementation. We are proud to deliver our projects on time and within budget. 21 Valimotie Helsinki, Finland AC 3
Finnish Operations Mikenti Talotekniikka Ltd Lahti Helsinki Mikenti Ltd Leppävirta Helsinki Varkaus Ilmastointi-Mikenti Ltd Forssa Helsinki Jypro Ltd Jyväskylä Helsinki Oulu Quattroservices Ltd Espoo Hyvinkää Hämeenlinna HVAC HVAC REFGN AUTOM D & B AC D & B SPRINKLER HVAC E REFGN AUTOM D & B Putki-Kolmio Ltd Vantaa Quattroservices Kaakkois-Suomi Ltd Lappeenranta Kouvola Quattroservices Tampere Ltd Tampere Paikallis-Sähkö Ltd Kajaani Sotkamo Kuhmo Suomussalmi Paltamo Oulu Kuusamo Kuopio JP Yhtiöt Ltd Mikkeli HVAC HVAC E HVAC E E AUTOM HVAC D & B D & B 4
Russian Operations We are capable of Design Build contracting. Our services cover all mechanical and electrical services from boiler plants to gas fire extinguishing systems, and from 20 kv substations to extra-low voltage systems. We operate throughout the Russian Federation and focus on industrial objects. Our clients represent the food, pharmaceutical, and car industries. We have our own design department. We are experienced in Value Engineering. Our procuring department imports main equipment directly from vendors in Europe. Quattroservices Ltd / LLC KS-Montazh St Petersburg Moscow Samara Nizhny Novgorod HVAC E SPRINKLER REFGN D & B AUTOM Kimberly-Clark Stupino, Russia AC References: AstraZeneca, BAT, Coca-Cola, GM, IKEA, Kimberly-Clark, MARS, Miratorg, Nokian Tyres, Novo Nordisk, Stockmann, Valio. 5
Key Figures Quattro Mikenti Group 2012 2013 2014 2015 2016 Turnover, 1 000 57 635 74 833 64 428 80 325 107 000 Growth +62 % +23 % -14 % +25 % +33 % EBITDA 6 % 9 % 4 % 5 % 4,5 % Total assets, 1 000 23 326 16 500 16 740 21 476 32 959 Equity ratio 43 % 26 % 34 % 42 % 37 % Backlog on 31 December, 1 000 53 002 32 956 39 808 51 813 90 000 The numbers for the years 2016 and 2012 and the income statement for 2013 are presented pro forma. 6
Human Resources The prefabrication plant of Jypro Ltd in Jyskä, Finland. SPRINKLER Our personnel headcount exceeds 500. In addition, we have a vast network of partners, suppliers, and subcontractors. We provide our employees with modern working conditions and equal opportunities. We support our employees professional development and their educational goals. In April 2017, our staff were offered the chance to buy stocks of the QMG parent company. 7
Quattro Mikenti Group Key Person Model Key Persons are minority shareholders in their own company. Our Key Persons include managing directors and other managers. For the Client, our Key Person Model guarantees independent managerial control, more reliability, flexibility, business agility, and competitive prices. Our subsidiaries are characteristically local entrepreneurial companies. However, they are backed up by our group organisation. We combine our efforts in procurement, finance, human resources management, and ICT support. Each of our subsidiaries is owned by Key Persons and other private individuals. The parent company Quattro Mikenti Group Ltd is owned by Adelis Equity Partners and QMG staff. 8
Ownership Adelis Equity Partners Ltd acquired the majority of Quattro Mikenti Group parent company stocks in 31 March 2017. The changes in ownership do not have any effect on the QMG business model, customer relations, or contracts. QMG Board Mr. Timo Mänty, chairman Mr. Kari Virta Mr. Torbjörn Torell Mr. Henri Juva Mr. Rasmus Molander Mr. John-Matias Uuttana The current Quattro Mikenti Group parent company ownership is distributed as follows: 70 % Adelis Equity Partners Ltd, 20 % QMG personnel, and 10 % Mr. Henri Juva. QMG staff were offered the chance to become shareholders in the parent company. In addition, the Key Persons retained their ownership of the subsidiaries. This makes QMG one of the few companies in its field owned by its employees. Adelis Equity Partners is a Nordic capital investor. Its funding comes from Nordic institutions, and international institutional investors. In Finland Adelis owns the majority of Puuilo, and MedGroup. The Adelis HQ is in Stockholm, Sweden. Its Finnish operations are headed by Mr. Rasmus Molander, a shareholder and a Finnish national. 9
Quattro Mikenti Group Timeline 20 Apr 2001 Quattroservices Ltd 27 Jun 2007 Ilmastointi- Mikenti Ltd 15 Jul 2011 Quattroservices Kaakkois-Suomi Ltd 15 Apr 2015 QMG Partners Ltd PlusService 10 Jul 2017 JP Yhtiöt Ltd 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 29 Sep 1997 Mikenti Ltd 1 April 2005 Mikenti Talotekniikka Ltd 16 Sep 2014 Quattroservices Tampere Ltd 12 May 2016 Paikallis-Sähkö Ltd Founded 30 Sep 2008 Jypro Ltd 28 Apr 2016 Putki-Kolmio Ltd Acquired Parent Company: 17 Dec 2004 Juva Segment 8 Feb 2005 LVI-Mikenti 1 Jan 2009 Mikenti-Yhtiöt 31 Oct 2014 31 Mar 2017 Quattro Mikenti Group Adelis 10
Each of our Subsidiaries Has Its Strong Field of Expertise 1/2 The Parent Company Quattro Mikenti Group Ltd Finance, HR, and ICT support services. Helsinki, Finland QMG Prefab Ltd D & B contracting and HVAC services for modular building We design, prefabricate, and install HVAC systems in Finland. Leppävirta Varkaus HVAC services for greenfield residential building Our Clients include the leading contractors in Southern Finland. Lahti Helsinki Prefabrication of Building Services modules Our services cover all of Finland. Varkaus AC renovation services for demanding projects Full sprinkler services QMG Systems OÜ (Starting) We focus on schools, offices, and commercial buildings in Southern Finland. Forssa Helsinki Design, implementation, and servicing of demanding sprinkler systems in Finland. Jyväskylä Helsinki Oulu Tallinn, Estonia 11
Each of our Subsidiaries Has Its Strong Field of Expertise 2/2 Full M & E services and D & B contracting We focus on demanding projects in Russia and Southern Finland. Espoo Hyvinkää Hämeenlinna Pietari Moskova Samara Nižni Novgorod Full M & E services We are specialised in electrical contracting in East and South-East Finland. Lappeenranta Kouvola Full M & E services and D & B contracting We focus on demanding projects in the Pirkanmaa region, Finland. Tampere Putki-kolmio P-S JP HVAC project management Services for greenfield construction and renovation in the Capital Region, Finland. Vantaa Electrical contracting, maintenance, and appliances We are specialised in inspections and predictive maintenance in Northern Finland. Kajaani Sotkamo Kuhmo Suomussalmi Paltamo Oulu Kuusamo Kuopio HVAC contracting The oldest operating HVAC company in Mikkeli economic area. Contracting and services in Eastern Finland. Mikkeli qmgp LLC KS-Montazh Full M & E services and D & B contracting in Russia St Petersburg Technical Services Real estate maintenance in Finland. Helsinki 12
QMG Partners Ltd Real Estate Maintenance Company QMG Partners Ltd was founded in August 2015. We aim to unite several HVAC maintenance and repair services companies into a larger organisation based on experienced and professional local units. Our trade mark is PlusService. There are companies on the technical services market planning to change business ownership. The owners might not have yet found a way to transfer the company without endangering the continuity of its operation. We offer an opportunity to transfer gradually and to participate in the building of QMG Partners Ltd. There is demand for a new medium-sized technical services company. The owners will have the chance to complete a gradual sale after three years of cooperation and development. The selling value will be determined clearly, based on net growth. The companies will continue their operations as independent local units, close to their Clients. Together we are able to guarantee the continuity of operation, and improve profitability as well. We plan to develop business practices supporting growth and efficiency, and maintain excellent customer service. As part of a larger group we will have access to support functions and more affordable wholesale material prices. Currently our associated companies include JT-Sähkötekniikka Ltd, Sähkösalpa Ltd, Vesijohtoliike J. Laitinen Ltd, and Puhdas Ilma K & V Ltd. 13
Contact Information www.qmg.fi Quattro Mikenti Group Ltd Eskolantie 1 FI-00720 HELSINKI Business ID: 1935649-6 Mr. Kimmo Liukkonen Tel: 050 347 8997 kimmo.liukkonen@qmg.fi Mr. Henri Juva Member of the Board Tel: 0400 501 910 henri.juva@qmg.fi Mikenti Talotekniikka Ltd Askonkatu 13 FI-15100 LAHTI Business ID: 1956289-8 Mikenti Ltd Yrittäjäntie 2 FI-79100 LEPPÄVIRTA Business ID: 1102323-2 Ilmastointi-Mikenti Ltd Eskolantie 1 FI-00720 HELSINKI Business ID: 2123868-3 Jypro Ltd Business ID: 2195876-0 Mr. Arto Savolainen Tel: 0400 499 588 arto.savolainen@mikenti.fi Mr. Teuvo Suomalainen Tel: 0400 701 855 teuvo.suomalainen@mikenti.fi Mr. Janne Korhonen Tel: 050 352 8720 janne.korhonen@mikenti.fi Mr. Henri Lehtolainen Tel: 050 406 9806 henri.lehtolainen@jypro.fi Quattroservices Ltd Piispantilankuja 2 A FI-02240 ESPOO Business ID: 1650600-6 Quattroservices Kaakkois-Suomi Ltd Terminaalinkatu 1 FI-53420 LAPPEENRANTA Business ID: 2416249-3 Quattroservices Tampere Ltd Satakunnankatu 22 E FI-33210 TAMPERE Business ID: 2640323-8 Paikallis-Sähkö Ltd Varastokatu 14 FI-87100 KAJAANI Business ID: 0243115-4 Mr. Kimmo Lehtonen Tel: 040 9031 223 kimmo.lehtonen@quattroservices.fi Mr. Petri Veikkanen Tel: 0400 755 915 petri.veikkanen@quattroservices.fi Mr. Petri Kuoppala Tel: 0 400 621 297 petri.kuoppala@quattroservices.fi Mr. Jukka Kivimäki Tel: 0207 935 210 jukka.kivimaki@paikallis-sahko.fi Putki-Kolmio Ltd Kivipyykintie 2 A FI-01260 VANTAA Business ID: 1970468-1 JP Yhtiöt Ltd Business ID: 2047160-0 QMG Partners Ltd Eskolantie 1 FI-00720 HELSINKI Business ID: 2685024-9 QMG Prefab Ltd Mestarintie 1 FI-78200 VARKAUS Business ID: 2801075-3 Mr. Lasse Rossi Tel: 050 573 3302 lasse.rossi@putki-kolmio.fi Mr. Jukka Huoponen Toimitusjohtaja Puh: 040 732 2596 Mr. Matti Ranne Tel: 0400 317 110 matti.ranne@qmg.fi Mr. Teuvo Suomalainen Tel: 0400 701 855 teuvo.suomalainen@mikenti.fi 14