Tallinna Vesi AS Class A · OMXTSE:TVE1T
Tallinna Vesi AS Class A — AS Tallinna Vesi — FY2012 Earnings Presentation
9 slides from Tallinna Vesi AS Class A's earnings presentation, Jan 25, 2013
Slide 1: AS Tallinna Vesi Interim results 12 months ended 31 December 2012
AS Tallinna Vesi Interim results 12 months ended 31 December 2012 25 January 2013
Slide 2: Speakers
Speakers Ian Plenderleith CEO, Chairman of the Management Board Riina Käi CFO, Member of the Management Board
Slide 3: The Privatisation Contract
The Privatisation Contract Supreme Court rejected CA appeal – SA is public law contract Admin Court to decide if SA is binding on the CA CA, no evidence, total inconsistency in Kunda, closed court EU – Supportive of the regulatory economics of our case Current tariffs until court decides on legality
Slide 4: Operational Highlights – 12 months of 2012
Operational Highlights – 12 months of 2012 Total sales increased by 3.3% Operating profit from main services broadly flat Water quality 99,55% Wastewater – Cleaner Baltic Sea Network performance - Lower leakages, less blockages EU EMAS Nomination for Water Management
Slide 5: Financial Highlights in 12 mths 2012 compared to 2011
Financial Highlights in 12 mths 2012 compared to 2011 12 months 12 months mln € 2012 2011 Change Change % Sales 52,9 51,2 1,7 3,3% Gross profit 32,6 30,3 2,3 7,5% Operating profit 28,8 28,9 -0,1 -0,4% Operating profit - main business 26,7 25,4 1,3 5,2% Net profit 22,6 21,5 1,1 5,0% 35,0 30,0 28,8 28
Slide 6: Water and Wastewater and Other Revenues
Water and Wastewater and Other Revenues Revenues million € 12M 2012 12M 2011 Ch. € Ch. % Domestic 23,8 23,7 0,1 0,3% Commercial, in area only 18,8 18,2 0,5 2,9% Commercial, outside area only 4,5 3,8 0,7 19,4% Overpollution 0,8 0,8 0,1 7,6% Water and wastewater total 47,9 46,5 1,4 3,0% Volumes millio
Slide 7: Total costs: 12 mths 2012 compared to 12 mths 2011
Total costs: 12 mths 2012 compared to 12 mths 2011 Total cost variances mln'€ 2012 2011 Variance Total Cost of Goods Sold (incl.) 20,34 20,93 -0,59 Chemicals 1,63 1,43 0,20 Electricity 3,70 2,97 0,72 Pollution tax 0,35 1,41 -1,06 Other COGS 14,66 15,11 -0,45 Marketing, General admin costs 5,51 5,04
Slide 8: Cash Position mln €
Cash Position 30 25 23,9 22,6 20 16,6 14,8 mln € 15 13,7 11,3 10 5 0 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Cash balance by more than 9.2 mln euros higher y-o-y
Slide 9: Thank You!
Thank You! AS Tallinna Vesi Ädala 10, Tallinn Riina Käi +372 6262 262, riina.kai@tvesi.ee Tanel Pihel +372 6262 228, tanel.pihel@tvesi.ee Company Ph: +372 6262 200, Email: tvesi@tvesi.ee