Tallinna Vesi As Class A · OMXTSE:TVE1T
Tallinna Vesi As Class A — AS Tallinna Vesi — Q2 2025 Earnings Presentation
13 slides from Tallinna Vesi As Class A's earnings presentation, Aug 1, 2025
Slide 1: Results for the 2nd quarter of 2025
AS TALLINNA VESI Results for the 2nd quarter of 2025 1 August 2025 | if
Slide 2: Presenters
al FF SY Fa aii Presenters Aleksandr Timofejev Taavi Groon CEO CFO Member of the Management Member of the Management Board Board Tallinna Vesi ae
Slide 3: Highlights of the Q2 2025
om o ry : Highlights of the Q2 2025 : ——~ fe 2 Sales Net profit Investments Tap water €19.4 million er arauilian into assets quality €12.8 millio 100% ie , a J — C 72.2% of all . lastewater 1 work accident CHP energy Feet efflue tetas customers production Ear eeath me uF have smart . 2,807 MWh Ls me
Slide 4: Investment projects
~ \ o fy - Investment projects fA Investments into network: * We have reconstructed and built 20.5 km’s of pipeline in 6 months and 9.2 km of it was reconstructed by trenchless method. * Ongoing projects in the City of Tallinn: Lastekodu str, Paljassaare - Kopli str, Tammsaare str, Tuukri - Uus Sada
Slide 5: Operations update
Pr. ei ~~ FS : ‘\ _ Operations update Tap water quality E Leakage rate Q2: 100% (2024: 100%) © Q2: 12.49% (2024: 12.96%) "la — > Effluent quality (5s Average duration of water >= = 2:100% compliant (2024: 100%) hl all oath i Property Ba Q2:2h 15 m(2024:3h17m) 2 Customer satisfaction Rehabilitation o
Slide 6: Water & wastewater volumes
FF oY» Fy : Water & wastewater volUMeS (m: mittion) 9 79° «19 157 15.9 B 16 7 2"4 quarter 4 6 months lee 6 2025 = 2024 om 2025 = 2024 & 10 4 8 3 25 25 6 49 49 2.0 ag 42 2 7, 4 ; | : 0 0 Private customer W&WW Business customer W&WW Outside area W2WW Private customer W&WW Business customer W&WW Outsid
Slide 7: Water & wastewater revenues
Be ao ry : Water & wastewater revenues (€ mittion) : 79 “4 7 2e¢ quarter 12.4 6 months lee 62 12 . 2025 2024 2025 = 2024 5 45 a aa 88 42 4 6 3 38 18 4 2 ma 29 1 2 0.0 O04 00 02 0 0 Privatecustomer Business customer Outsidearea WeWW Outside area Private customer Business customer Outside area W&WW Ou
Slide 8: Total costs of goods sold Q2 2025
7. (f oy | Total costs of goods sold Q2 2025 (emittion) «| » 14.0 12.0 10.0 8.0 6.0 4.0 2.0 2.5 1223 * Construction services costs have * Total direct production costs decreased by 3.6% or €0.1 million compared to the equivalent period in 2024. * Staff costs have increased by 6.4%. * Depreciation co
Slide 9: Financial highlights Q2 2025
on es » Fa : Financial highlights Q2 2025 (€ miton) ae * Total sales revenues increased by 23.4% 6 3,672 amounting to €19.4 million. F * The cost of goods and services sold amounted to €12.3 million in the 2° quarter i). of 2025, being higher by 30.5% or €2.9 0.13 million compared to the equivalent
Slide 10: Cash position
on es SS wa : Cash position * Compared to the end of last quarter, the cash balance has decreased by €6.4 20 million, due to investments made. ve oll. 6.5 . 3 . 1 I + Investing outgoing cash flows in Q2 had an impact of €12.4 million on cash € Million a w 10 balance. Tangible assets amounted up to €
Slide 11: Investments
| es mo 9 : Investments Stormwater Gustarnen Netowork Connections Development 8% Total investments by year (€ million] 7% 70.0 oe IT, Oth aly 1 ca Wastewater 50.0 Treatment 40.0 ag 24% 30.0 35 Network 20.0 25 23 Reconstruct ion 10.0 43% 0.0 2022 2023 2024 2025 2025 estimate Investments recorded on t
Slide 12: Operational questions / IR & financial questions
Operational questions IR & financial questions Aleksandr Timofejev Taavi Gröön CEO CFO Member of the Management Board Member of the Management Board
Slide 13: Thank you!
_—_~ Thank you! Subscribe to receive stock exchange releases and other information disclosed by AS Tallinna Vesi. Subscription can be done via e-mail: tvesi@tvesi.ee Company phone: +372 62 62 200