Piraeus Port Authority S.A. · ATHEX:PPA

Piraeus Port Authority — FY2020 Earnings Presentation

21 slides from Piraeus Port Authority's earnings presentation, Aug 11, 2021

  1. Slide 1: Presentation of Financial Results 2020

    Presentation of Financial Results 2020

  2. Slide 2: Piraeus Port map

    SHIPPING PIRAEUS PORT WA AUTHORITY S.A. PPA Ship Repair Base Manicpay / AU sa roma Psitalia Biological

  3. Slide 3: P&L Overview

    P&L Overview Amounts in €000 2016 2017 2018 2019 2020 Revenues 103.496 111.530 132.931 149.222 132.902 Gross Profit 32.338 38.755 59.324 73.957 60.199 Gross Margin (%) 31% 35% 45% 50% 45% Earnings before Taxes 11.039 21.187 42.333 47.606 36.930 Earnings after Taxes 6.699 11.289 27.883 35.447 26.414

  4. Slide 4: Container Terminal

    Container Terminal Source: PortEconomics 4

  5. Slide 5: Container Terminals (TEU)

    1 Container Terminals (TEU) 6.000.000 5,437,477 5.000.000 4.000.000 PPA SA 3.000.000 PCT SA TOTAL 2.000.000 1.000.000 0 2016 2017 2018 2019 2020 5

  6. Slide 6: Container Terminals Financial Results

    1 Container Terminals Financial Results CONSESSION ARRANGEMENT PIER II&III 31.12.2016 31.12.2017 31.12.2018 31.12.2019 31.12.2020 40.536.647,89 43.940.318,82 56.156.249,05 65.768.391,78 66.493.707,37 Revenues (7.578.562,69) (4.224.792,74) (4.432.549,76) (4.119.560,48) (3.954.346,14) Cost of sales 36

  7. Slide 7: Container Terminals Financial Results

    1 Container Terminals Financial Results CONTAINER TERMINAL PIER I 31.12.2016 31.12.2017 31.12.2018 31.12.2019 31.12.2020 13.100.337,37 20.054.626,72 25.119.317,36 25.020.351,53 24.303.482,47 Revenues (26.746.616,43) (32.372.168,56) (33.583.844,20) (32.739.342,16) (35.112.995,40) Cost of sales (13.64

  8. Slide 8: Car Terminal vehicles

    2 Car Terminal vehicles 500,000 450,000 400,000 350,000 300,000 250,000 Transshipments Local 200,000 150,000 100,000 50,000 0,000 2016 2017 2018 2019 2020 8

  9. Slide 9: Car Terminal Financial Results

    2 Car Terminal Financial Results CAR TERMINAL 31.12.2016 31.12.2017 31.12.2018 31.12.2019 31.12.2020 11.929.860,33 12.074.224,07 13.673.252,02 13.886.758,26 11.069.491,04 Revenues (7.962.336,81) (8.634.004,63) (8.483.092,68) (8.223.759,77) (8.063.875,71) Cost of sales 3.967.523,51 3.440.219,44 5.190

  10. Slide 10: Cruise passengers

    3 Cruise passengers ‘000 passengers 1200 1000 800 600 Transit Home Port 400 200 0 2016 2017 2018 2019 2020 10

  11. Slide 11: Cruise Financial Results

    3 Cruise Financial Results CRUISE 31.12.2016 31.12.2017 31.12.2018 31.12.2019 31.12.2020 12.933.536,73 11.443.030,18 10.565.255,12 12.503.616,47 2.002.255,52 Revenues (10.209.176,96) (7.886.793,56) (6.664.595,58) (6.982.143,73) (3.811.049,68) Cost of sales 2.724.359,78 3.556.236,62 3.900.659,54 5.52

  12. Slide 12: Coastal passengers

    4 Coastal passengers 18,000 16,000 14,000 12,000 10,000 Salamis Saronic Gulf 8,000 Coastal Line 6,000 4,000 2,000 0,000 2016 2017 2018 2019 2020 12

  13. Slide 13: Coastal Financial Results

    4 Coastal Financial Results COASTING 31.12.2016 31.12.2017 31.12.2018 31.12.2019 31.12.2020 10.338.586,58 10.131.386,56 10.675.703,18 11.244.296,64 8.274.978,93 Revenues (7.277.741,19) (6.810.109,58) (6.443.981,25) (5.546.570,28) (4.479.085,52) Cost of sales 3.060.845,39 3.321.276,98 4.231.721,93 5.

  14. Slide 14: Ship Repair/vessel

    5 Ship Repair/vessel 450 400 350 300 vessel/docks 250 vessel/ship repair TOTAL 200 150 100 50 2016 2017 2018 2019 2020 14

  15. Slide 15: Ship Repair Financial Results

    5 Ship Repair Financial Results SHIP REPAIRING (TANKS AND DOCK) 31.12.2016 31.12.2017 31.12.2018 31.12.2019 31.12.2020 6.889.884,36 6.886.976,78 9.463.939,14 11.859.676,17 13.786.557,81 Revenues (4.826.561,90) (5.347.464,08) (6.547.676,65) (9.992.112,97) (9.865.904,87) Cost of sales 2.063.322,46 1.5

  16. Slide 16: Balance Sheet Overview

    Balance Sheet Overview Amounts in €000 2016 2017 2018 2019 2020 Assets Fixed Assets 255.915 259.383 281.669 274.323 271.520 Right-of-use assets 62.984 61.203 Other non-current assets 17.471 14.438 13.590 13.266 16.446 Inventories 2.196 2.313 2.629 3.195 3.703 Trade and other Receivables 25.923 25.71

  17. Slide 17: Expenses Overview

    Expenses Overview Amounts in €000 2016 2017 2018 2019 2020 Payroll and employee related costs 49.333 57.837 55.372 58.163 58.012 Third party fees 1.234 811 761 1.070 952 Third party services 15.536 12.689 10.411 11.207 10.019 Depreciation- Amortization 14.035 13.455 14.182 17.261 17.988 Taxes and du

  18. Slide 18: Balance Sheet Overview: Net Debt

    Balance Sheet Overview: Net Debt Amounts in €000 2016 2017 2018 2019 2020 Long-term Borrowings 68.499 62.499 56.499 50.499 44.500 Long-term Leases* 93 0 0 66.264 65.302 Short-term Portion of Long- 6.000 6.000 6.000 6.000 6.000 term Borrowings Short-term Leases 63 69 0 1.143 1.237 Cash and Cash Equiv

  19. Slide 19: Summary of Mandatory Investments

    Summary of Mandatory Investments Accumulated Concession Mandatory Reference amount of Construction Contract Investment Item Name Agreement Reference Enhancement contracted projects Amount Amount (until Dec Amount 31 2020) Passenger Terminal Expansion (South ME01 136.283.800 136.283.800 102.954.367 1

  20. Slide 20: Share Performance

    Share Performance 25 23 21 19 17 15 13 11 10/08/2016 10/02/2017 10/08/2017 10/02/2018 10/08/2018 10/02/2019 10/08/2019 10/02/2020 10/08/2020 10/02/2021 20

  21. Slide 21: Thank you for your attention!

    Thank you for your attention! Contact details: Tel.: +30 210 4550226 Nektarios Demenopoulos Mob.: +30 694 7931026 Deputy Manager Email: demenopoulosn@olp.gr PR, IR & Company Announcements Dpt. Url: www.olp.gr

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