Tallinna Vesi AS Class A · OMXTSE:TVE1T
Tallinna Vesi AS Class A — AS Tallinna Vesi — Q1 2008 Earnings Presentation
9 slides from Tallinna Vesi AS Class A's earnings presentation, April 2008
Slide 1: AS Tallinna Vesi Interim results, 3 months ended 31 March 2008
AS Tallinna Vesi Interim results 3 months ended 31 March 2008 April 2008
Slide 2: Speakers
Speakers Roch Cheroux CEO, Chairman of the Management Board Siiri Lahe CFO, Member of the Management Board
Slide 3: Key achievements in Q1 2008
Key achievements in Q1 2008 Amendment Agreement implemented Tariff increase 11.7% starting 1st January 2008 Strong Operational Performance All LoS requirements fulfilled Sales from main opertaing activity increased by 12.3% Sales growth in surrounding areas 43% Underlying profit before tax increased
Slide 4: Financial Highlights in Q1 2008 compared to Q1 2007
Financial Highlights in Q1 2008 compared to Q1 2007 mln EEK Q 1 2008 Q 1 2007 Increase Change Sales 211,2 205,4 5,9 2,9% Main operating activities 180,9 161,1 19,8 12,3% Other operating activities 30,4 44,2 -13,9 -31,4% Net profit 89,5 95,3 -5,8 -6,1% Underlying Net profit 89,5 82,0 7,5 9,1%
Slide 5: Water and Wastewater and other revenues
Water and Wastewater and other revenues Revenues million EEK 3 M 2008 3 M 2007 Ch. % Domestic 88,8 81,1 9,5% Commercial, in area only 69,9 63,6 10,0% Commercial, outside area only 6,2 4,4 43,0% Overpollution 3,5 1,3 169,2% Water and wastewater total 168,5 150,3 12,1% Volumes million m3 3 M 2008 3 M
Slide 6: Costs: Q1 2008 compared to Q1 2007
Costs: Q1 2008 compared to Q1 2007 Inflationary increases partially balanced by out-performance ¾ COGS – main operating activities by 47.4% or 21.3 mln EEK higher y-o-y ¾ Underlying COGS – main operating activities by 13.7% or 7.9 mln EEK higher y-o-y 9 In 2007 Environmental taxes 13.3 mln EEK lower
Slide 7: Reported: Profitability of Operations
Reported: Profitability of Operations 120 105,8 100,2 100 92,5 95,3 95,3 89,5 89,5 82,0 82,0 million EEK 80 60 40 20 0 Operating profit Profit before taxes Net profit 3 months 2008 3 months 2007 3 M 2007 Underlying ¾ Underlying operating profit 100.2 mln EEK in 3mo08, 8.3% increase y-o-y ¾ Underlyin
Slide 8: Cash Position
Cash Position 350 327 300 300 250 million EEK 200 200 178 169 150 100 50 0 Q1 2007 Q2 2007 Q3 2007 Q4 2007 Q1 2008 ¾ As of 31 March 2008 cash balance 327 mln EEK ¾ 149m’EEK cash generated in Q1 2008, 98m’EEK more than in Q1 2007
Slide 9: Thank You!
Thank You! AS Tallinna Vesi Ädala 10 Ph: +372 6262 200 Email: tvesi@tvesi.ee