Tallinna Sadam As · OMXTSE:TSM1T
Tallinna Sadam As — Q1 2025 Earnings Presentation
15 slides from Tallinna Sadam As's earnings presentation, May 12, 2025
Slide 1: Results of 2025 Q1
Results of 2025 Q1 12.05.2025
Slide 2: Main events in Q1 2025
Main events in Q1 2025 • Increased vessel calls (+5%) • New container line in Muuga Harbour – Ocean Network Express (ONE) • Icebreaker Botnica charter agreement with Baffinland in autumn 2025 • Transfer of land in Muuga for Rail Baltica railway station (effect recorded in Q2) • Icebreaker Botnica in
Slide 3: Trends in Q1 by business segments
Trends in Q1 by business segments • PASSENGERS – PAX numbers declined (-3.6%), increase in PAX vessel calls (+4.3%) and revenue (+1.2%). • CARGO – slight decline in cargo volumes (-0.7%), increase in vessel calls (+7%), and in revenue (+4.1%). Growth in liquid bulk (+66%). • FERRY – stable revenue (
Slide 4: Passenger volume
Passenger volume Q1 2024/2025 2020-2024 1 800 -3.6% 12 12000 1 600 1 465 1 413 1 400 10 10000 90 7,9 8,2 1 200 Thousand PAX 8 7,0 8000 0,6 Vessel calls Million PAX 1 000 0,5 800 6 5 451 5 679 5 672 6000 5 548 5 585 1 317 4,3 600 1 276 3,5 4 4000 7,0 7,2 400 6,2 200 2 4,0 2000 3,0 0 0 0 2024 2025 202
Slide 5: Cargo volume
Cargo volume Q1 2024/2025 2020-2024 4 25 6000 22,4 21,3 3,4 -0,7% 3,3 1,9 5000 20 1,8 17,8 3 0,5 0,5 4,7 4,4 4000 Million tonnes 2,1 Vessel calls 0,6 15 13,1 0,7 12,6 Million tonnes 2,9 5,6 6,5 3000 2 1,9 2,1 10 6,9 2,2 2,6 1,6 2000 1,7 1637 1 654 1380 1 1458 1435 5 9,1 8,8 6,4 6,6 1000 5,2 0,6 0 1,
Slide 6: Shipping volumes: ferry segment
Shipping volumes: ferry segment Q1 2024/2025 2020-2024 400 372 3,0 364 350 -2,1% 2,5 2,5 2,4 2,3 2,2 300 Million PAX/vehicles Thousand PAX/vechicles 2,0 2,0 250 191 195 200 1,5 1,2 +2,1% 1,1 1,1 1,1 150 1,0 1,0 100 0,5 50 0 0,0 2024 2025 2020 2021 2022 2023 2024 Passengers Vehicles Passengers Vehicl
Slide 7: Shipping volumes: MPSV Botnica
Shipping volumes: MPSV Botnica Q1 2024/2025 2020-2024 100% 100% 100 100% 300 100% 91 90 267 90 90% 249 90% 250 249 80 80% 231 80% 221 70 70% 73% 70% 200 68% 68% 60 60% 63% 60% 60% Charter days Charter days 50 50% 150 50% 40 40% 40% 100 30 30% 30% 20 20% 20% 50 10 10% 10% 0 0% 0 0% 2024 2025 2020 202
Slide 8: Future outlook
Future outlook • Passenger business recovery continues • New ro-ro and container lines • Industrial parks 2.0 - industrial centers in Muuga and Paldiski Harbours • Multifuunctional quay in Paldiski- development and preparations for exploitation • Business opportunities for a multifunctional offshore
Slide 9: Results of the Group in Q1
Results of the Group in Q1 In thousand euros Q1 2025 Q1 2024 +/- % Revenue 28 354 27 931 423 1.5% Adjusted EBITDA 13 917 12 716 1 200 9.4% Adjusted EBITDA margin 49.1% 45.5% 3.6 - Operating profit 8 258 7 001 1 257 18.0% Income tax 0 0 0 - Profit for the period 6 812 5 193 1 619 31.2% Investments 3
Slide 10: Results by business segments in Q1
Results by business segments in Q1 Q1 segments (mEUR) Passenger H 3,3 7,6 3,3 7,5 Cargo H 3,4 8,1 3,6 7,8 Ferry 3,6 8,6 3,3 8,6 Other 3,7 4,0 2,5 4,1 0 1 2 3 4 5 6 7 8 9 10 Adj. EBITDA 2025 Adj. EBITDA 2024 Revenue 2025 Revenue 2024
Slide 11: Cash Flow and Financial Position
Cash Flow and Financial Position Cash Flow statement Financial position 700 In thousand euros Q1 2025 Q1 2024 +/– 600 Cash from operating 500 20 272 16 104 4 168 activities 378 384 EUR million 400 Cash used in investing –440 –18 372 17 932 573 571 activities 300 Free cash flow (FCF) 19 832 –2 268 22
Slide 12: Revenue generation
Revenue generation Passenger harbours Cargo harbours Total revenue 50 50 150 40 38 40 32 8,8 30 30 130 MEUR MEUR 8,9 120 11,5 20 20 7,9 10 10,0 8 7,5 8 110 10 28,8 7,5 7,6 7,8 8,1 0 0 90 2024 2025 2024 2025 31,2 MEUR Other 70 Ferry 50 50 38 50 40 40 32,0 8,7 28 30 30 MEUR MEUR 30 10,7 20 20 12 9,6 9
Slide 13: EBITDA generation
EBITDA generation Passenger harbours Cargo harbours Total adj. EBITDA 25 25 80,0 20 20 20 4,3 14 15 15 MEUR MEUR 6,8 4,0 10 10 3,3 60,0 5 5,5 3 5 3,2 3 53 3,3 3,3 3,6 3,4 0 0 2024 2025 2024 2025 12,2 MEUR 40,0 Ferry Other 25 25 13,3 20 20 15 15 15 20,0 15,4 MEUR MEUR 3,0 10 14 10 4,9 4 5 4 4,2 4 3,7
Slide 14: Q&A session
PORT OF & TALLINN Q&A session
Slide 15: Thank You!
Thank You! portoftallinn.com • ts.ee/en/investor • portoftallinn Related image Image result for facebook icon white png