Y/knot S.a · ATHEX:YKNOT
Y/knot — Kiriacoulis Mediterranean Cruises Shipping — Investor Presentation (June 2006)
33 slides from Y/knot's investor presentation, June 2006
Slide 1: Kiriacoulis Group of Companies
KIRIACOULIS GROUP OF COMPANIES .
Slide 2: Kiriacoulis Mediterranean Cruises Shipping S.A. Group
KIRIACOULIS ΜEDITERRANEAN CRUISES SHIPPING S.A. GROUP OF COMPANIES BEGINNING OF OPERATIONS OF GROUP: 1981 ESTABLISHMENT YEAR OF PARENT COMPANY: 1986 L.438/1976, L.2743/1999 & L.3182/2003 EXPLOITATION OF OWN YACHTS ISO 9001:2000 YEAR OF LISTING ON ATHENS EXCHANGE : 1998
Slide 3: Group Activities
GROUP ACTIVITIES YACHTS MARINAS REAL ESTATE
Slide 4: Yachts: group companies
YACHTS KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. KIRIAKULIS D.O.O. (70%) CATPRO P.Y.M.C. (50%) KIRIACOULIS MARITIME HOLDING S.A. (100%) KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.S. CO. LTD. (100%) SARL KIRIACOULIS FRANCE (70%) SARL VENT PORTANT SARL KIRIACOULIS POINT D’AMURE KIRIACOULIS MED
Slide 5: Yachts: fleet evolution
YACHTS FLEET EVOLUTION 30 A C Q U IS IT IO N C O S T OF F L E E T . NUM BER O F YACHT S 25 200 20 15 100 10 5 0 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 NUMBER OF YACHTS (left scale) ACQU. COST OF FLEET (right scale)
Slide 6: Yachts: fleet evolution 1998-2006
YACHTS FLEET EVOLUTION 1998 2006 % NUMBER OF YACHTS 48 230 379% OF FLEET ACQUISITION COST 5,0 28,4 468% OF FLEET (Millions €)
Slide 7: Yachts: average age of yachts
YACHTS AVERAGE AGE OF YACHTS 40 30 20 10 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 Average age of yachts (in months)
Slide 8: Yachts
YACHTS =| ¢ Atul a a ne t
Slide 9: Yachts
YACHTS
Slide 10: Yachts: service points
YACHTS SERVICE POINTS
Slide 11: Benefits of service points
YACHTS BENEFITS OF SERVICE POINTS CHARTERING FROM DIFFERENT GEOGRAPHICAL PLACES ONE WAY TRIP FULL & 24h A DAY TECHNICAL SUPPORT
Slide 12: Marinas: group companies
MARINAS KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. GOUVIA MARINA S.A. (50%) MARINA KALAMATAS TOURISM S.A. (60%) LEFKAS MARINA S.A. (25%) ZEA MARINA S.A. (18,75%) K&G MEDITERRANEAN MARINAS MANAGEMENT (42,75%)
Slide 13: Gouvia Marina (Corfu)
MARINAS GOUVIA MARINA (CORFU) Floating berths: berths 960 Dry berths: 520
Slide 14: Kalamata Marina
MARINAS KALAMATA MARINA Floating berths : 250 Dry berths : 150
Slide 15: Lefkas Marina
MARINAS LEFKAS MARINA Floating berths : 620 Dry berths : 278
Slide 16: Zea Marina
MARINAS ZEA MARINA Floating berths : 670
Slide 17: Aghios Nikolaos Marina
MARINAS AGHIOS NIKOLAOS MARINA Floating berths : 255 Dry berths : 100
Slide 18: Marinas: strategic benefits
MARINAS STRATEGIC BENEFITS ENSURING BERTHS CONTROL OF MOORING EXPENSES CONTROL OF MAINTENANCE EXPENSES SAFE MOORING OF YACHTS CREATION OF SERVICE POINTS WHICH OFFER FULL SERVICES IMPROVEMENT IN COMPETITIVENESS
Slide 19: Market share in berths in Greece
MARINAS MARKET SHARE IN BERTHS IN GREECE KIRIACOULIS M.C.S.S.A. 37% STATE 44% OTHER PRIVATE COMPANIES 18% Source: GNTO
Slide 20: Real estate
REAL ESTATE KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. MEDITERRANEAN VILLAGES S.A. (75,67%)
Slide 21: Real estate (completed projects)
REAL ESTATE (completed projects) A complex of six apartment buildings in Rendi Two apartment buildings in Perama and one in Kastela Facilities of Zea marina Parking building in Piraeus
Slide 22: Real estate (completed projects): Rendi, Piraeus
REAL ESTATE (completed projects) RENDI PIRAEUS
Slide 23: Real estate (under construction projects)
REAL ESTATE (under construction projects) Two apartment buildings in Marousi, one in Piraeus and another one in Rendi Maisonette complex in Vari
Slide 24: Real estate (under construction): Vari, Marousi
REAL ESTATE (under construction projects) VARI MAROUSI
Slide 25: Basic financial figures
KIRIACOULIS ΜEDITERRANEAN CRUISES SHIPPING S.A. GROUP OF COMPANIES BASIC FINANCIAL FIGURES
Slide 26: Parent company
PARENT COMPANY 1/1- 1/1- % 31/12/2005 31/12/2004 TOTAL REVENUES 12.274.185 11.202.976 10% TOTAL EXPENSES 10.828.265 12.795.283 -15% PROFIT / (LOSS) AFTER TAXES 1.436.387 (1.595.779) -
Slide 27: Group of companies
GROUP OF COMPANIES 1/1- 1/1- % 31/12/2005 31/12/2004 TOTAL REVENUES 22.432.262 23.528.339 -5% TOTAL EXPENSES 22.494.894 25.089.766 -10% PROFIT / (LOSS) AFTER TAXES (184.116) (1.824.537) -90%
Slide 28: Parent company: sources and uses of capital
PARENT COMPANY SOURCES OF CAPITAL 01/01-31/12/2005 BANK LOANS 39% INTERNAL CAPITAL 61% USES OF CAPITAL 01/01-31/12/2005 ACQUISITION OF SUBSIDIARIES ASSOCIATES J/V & OTHER INVESTMENTS DIVIDENDS PAID 11% 6% REPAYMENT OF PURCHASES OF LOANS TANGIBLE & 41% INTANGIBLE ASSETS 42%
Slide 29: Group: sources and uses of capital
GROUP OF COMPANIES SOURCES OF CAPITAL 01/01-31/12/2005 BANK LOANS 44% INTERNAL CAPITAL 56% USES OF CAPITAL 01/01-31/12/2005 ACQUISITION OF SUBSIDIARIES ASSOCIATES J/V & OTHER INVESTMENTS DIVIDENDS PAID 9% 5% REPAYMENT OF LOANS PURCHASES OF 42% TANGIBLE & INTANGIBLE ASSETS 44%
Slide 30: Parent company: asset and capital structure
PARENT COMPANY ASSET STRUCTURE 31/03/2006 CURRENT ASSETS 15% NON CURRENT ASSETS 85% CAPITAL STRUCTURE 31/03/2006 CUSTOMERS DOWN OTHER LIABILITIES PAYMENTS 2% 30% TOTAL EQUITY 42% BANK LOANS 26%
Slide 31: Group: asset and capital structure
GROUP OF COMPANIES ASSET STRUCTURE 31/03/2006 NON CURRENT ASSETS CURRENT ASSETS 67% 33% CAPITAL STRUCTURE 31/03/2006 OTHER LIABILITIES 18% TOTAL EQUITY 28% CUSTOMERS DOW N PAYMENTS 25% BANK LOANS 29%
Slide 32: Objectives
OBJECTIVES 9 Create new service points 9 Keep the average age of yachts low 9 Enter into the business of management of crewed professional tourist ships 9 Improve its position in the marinas management business 9 Undertake new investment opportunities in the area of real estate
Slide 33: Kiriacoulis Mediterranean Cruises Shipping S.A.
ΚIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. www.kiriacoulis.com
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