Tallinna Sadam As · OMXTSE:TSM1T
Tallinna Sadam As — Q2 2020 Earnings Presentation
13 slides from Tallinna Sadam As's earnings presentation, Aug 14, 2020
Slide 1: Results of Q2 2020
Results of Q2 2020 Webinar 14.08.2020
Slide 2: Presenters
Presenters Valdo Kalm Marko Raid CEO CFO Chairman of the Management Board Member of the Management Board 2
Slide 3: Highlights of Q2 2020
Highlights of Q2 2020 • COVID-19 pandemic peak mainly hitting PAX numbers from mid-March, cargo flows continued • Increased volume of liquid cargo • Annual General Meeting voting period 22.-29.06.2020 (dividend EUR 30.2M, Supervisory Board election) • Agreement to acquire a new ferry for the Virtsu-
Slide 4: Trends in Q2 by business segments
Trends in Q2 by business segments • PASSENGERS – PAX numbers decline 82% due to COVID-19. No cruise, some lines closed, restrictions • CARGO – growth in liquid bulk (17%), ro-ro stable, others declining • FERRY– additional summer trips, indexation balancing revenue decrease • OTHER segment – MPSV Bo
Slide 5: Cargo volume
Cargo volume Q2 6 months 6 +2.5% 12 5.3 5.4 +2.3% 10.2 0,4 0,1 10.0 5 0,5 0,2 10 0,4 0,9 0,2 0,9 0,9 4 1,1 8 1,7 2,0 Million tons Million tons 1,3 3 6 2,7 1,4 2,7 2 4 2,6 4,7 1 2,1 2 4,0 0 0 2019 Q2 2020 Q2 2019 2020 Liquid bulk Ro-Ro Dry bulk Containers General cargo Liquid bulk Ro-Ro Dry bulk Cont
Slide 6: Passenger volume
Passenger volume Q2 6 months 2907 5000 4697 3000 11 21 4500 28 241 416 22 2500 265 4000 25 -55.6% 12 3500 2000 Thousand PAX Thousand PAX -81.7% 3000 1500 2500 2083 20 2353 2000 3968 136 1000 43 1500 531 13 1000 1883 500 0 0 489 0 500 0 28 0 2019 Q2 2020 Q2 2019 2020 Tallinn-Helsinki Tallinn-Stockhol
Slide 7: Results of the Group
Results of the Group In thousands Q2 2020 Q2 2019 +/- 6M 2020 6M 2019 +/- Revenue 22 399 32 823 -31.8% 50 289 61 350 -18.0% Adjusted EBITDA 10 223 18 837 -45.7% 26 394 35 706 -26.1% Adjusted EBITDA margin 45.6% 57.4% -11.8 52.5% 58.2% -5.7 Operating profit 4 598 13 273 -65.4% 15 113 24 731 -38.9% In
Slide 8: Cash Flow and Financial Position
Cash Flow and Financial Position Financial position Cash Flow statement 700 In thousands 6M 2020 6M 2019 600 500 Cash from operating activities 26 610 31 484 356 377 400 Cash used in investing activities -13 257 -10 159 579 584 300 80 Free cash flow (FCF) 13 353 21 325 41 200 Cash from/used in finan
Slide 9: Results by segments
Results by segments Q2 segments (mEUR) 6M segments (mEUR) Passenger H 1,8 4,6 Passenger H 5,9 12,5 9,7 14,1 14,9 22,3 Cargo H 5,2 9,4 Cargo H 12,0 18,7 5,8 10,0 11,9 20,0 Ferry 3,5 7,4 Ferry 6,7 14,4 3,6 7,9 6,7 14,8 -0,3 Other 0,9 Other 1,8 4,6 -0,2 0,8 2,2 4,3 -5 0 5 10 15 0 5 10 15 20 25 Adjusted
Slide 10: Revenue generation
Revenue generation Passenger harbours Cargo harbours 60 60 50 50 50 10,4 40 40 40 10,4 MEUR MEUR 30 17,1 30 9,8 19 20 13 20 Total revenue 14,1 10,0 9,4 10 4,6 10 140 131 8,2 7,9 10,0 9,3 0 0 120 30,0 2019 2020 2019 2020 100 Ferry Other 80 39,2 MEUR 60 50 40 12 32,8 31 9.8 40 22,4 10 30 2,1 20 7,1 8
Slide 11: EBITDA generation
EBITDA generation Passenger harbours Cargo harbours 40 30 33 22 30 5,6 20 5,2 MEUR MEUR 20 12,3 5,1 12 10 5,8 5,2 Total adj. EBITDA 10 9,7 6 1,8 6,1 6,7 80 74 0 5,2 4,0 0 14,8 2019 2020 2019 2020 60 23,7 Ferry Other MEUR 40 26 15 14 6 5 18,8 0,7 20 10,2 3,3 10 4 2,4 16,9 16,2 0 MEUR 3,9 7 2 MEUR 2 2
Slide 12: Q&A session
PORT OF @ TALLINN Q&A session
Slide 13: Thank You!
Thank You! www.ts.ee • Marju Zirel (Head of IR), m.zirel@ts.ee • portoftallinn
Tallinna Sadam AS (Port of Tallinn) — Q2 2020 Earnings Presentation on 6ix