Slide 1: Solid growth in freight volumes
Solid growth in freight volumes DFDS Group Q2 2021 17 August 2021
Slide 2: Content
Content • Q2 2021 overview • Q2 numbers Agenda • ESG-reporting • Outlook 2021 The statements about the future in this announcement contain risks and uncertainties. This entails that actual developments may diverge significantly from statements about the future. 2
Slide 3: Strong freight performance offsets lag in passenger pickup
Strong freight performance offsets lag in passenger pickup • Significant recovery of freight Ferry volumes, y/y-change - 2020-21 earnings from 2020-lockdowns 60% Recovery from lockdowns 40% UK stockbuilding • Mediterranean continued strong 20% Q2 2020 Q2 2021 performance 0% Brexit -20% Lockdowns • P
Slide 4: Q2 EBITDA: Freight ferry and logistics drive earnings growth
Q2 EBITDA: Freight ferry and logistics drive earnings growth • DFDS Group revenue up 51% and Q2 EBITDA before special items EBITDA up DKK 390m or 77% vs DKK m 2021 897 2020 2020 507 • Ferry freight EBITDA up DKK 369m 2019 989 driven by Mediterranean, North Sea, 0 200 400 600 800 1,000 DfT agreements
Slide 5: Q2 2021 income statement
Q2 2021 income statement DFDS Group P/L DKK m Q2 20 Q2 21 Δ Δ • Revenue increase of 51% driven by Revenue 2,798 4,213 1,415 51% freight recovery, new routes, DfT EBITDA* 507 897 390 77% agreements and rise in bunker Margin 18.1% 21.3% 3.2% Ferry Division 392 765 373 95% surcharges (BAF) Logistics Di
Slide 6: Q2 capital overview – ROIC and financial leverage improving
Q2 capital overview – ROIC and financial leverage improving • Tangible assets increased DKK 540m due DKK m Q2 20 Q2 21 Δ Δ to addition of newbuildings and charter of Non-current tangible assets 17,138 17,678 540 3% ferries for new routes Total assets 26,635 28,515 1,880 7% • Adjusted free cash flow
Slide 7: Ferry Division – strong results for Mediterranean & North Sea
Ferry Division – strong results for Mediterranean & North Sea • North Sea up DKK 125m driven by DKK m Total EBITDA* of DKK 765m vs DKK 392m in 2020 volume growth supported by +125 investments in new and more efficient 350 capacity, plus DfT agreements +191 250 • Baltic Sea down DKK 8m. Positive 150
Slide 8: Ferry Division – strong results for Mediterranean & North Sea
Ferry Division – strong results for Mediterranean & North Sea Total EBITDA* of DKK 765m vs DKK 392m in 2020 DKK m • Passenger down DKK 19m due to +125 layup of Oslo-Frederikshavn- 350 Copenhagen throughout Q2 +191 250 • Mediterranean up DKK 191m driven 150 -8 +72 by volume growth, cost improve- ment
Slide 9: Logistics – earnings recovery held back by market bottlenecks
Logistics – earnings recovery held back by market bottlencks • Nordic up DKK 17m as Swedish automotive Total EBITDA* of DKK 126m vs DKK 95m in 2020 DKK m activities recovered. Door-door trailer earnings held back by driver/equipment 60 +14 shortages linked to UK 50 +0 +17 • Continent on level as Net
Slide 10: Quarterly ESG-reporting introduced
Quarterly ESG-reporting introduced Environmental actions Environment – short-term actions and plans • Emission-reducing initiatives across Current actions to lower emissions: Ferry and Logistics • Route planning and propulsion control • Zero-emission ferry targeted for 2025 technology installed • El
Slide 11: Outlook 2021
Current situation 2021 OUTLOOK Click icon to add picture
Slide 12: EBITDA outlook of DKK 3.2-3.6bn unchanged from upgrade in April
EBITDA outlook of DKK 3.2-3.6bn unchanged from upgrade in April • Freight has overall performed above Business unit assumptions forecast… • UK-linked freight activities expected to • … but offset from no anticipated perform above 2020 passenger pickup vs 2020 and later • Mediterranean expected to im
Slide 13: Outlook 2021 – divisions adjusted
Outlook 2021 – divisions adjusted • Division EBITDA ranges ad-justed DKK m Adjusted Previous 2020 outlook 2021 outlook 2021 reflecting development in freight/passenger performance Revenue growth 20-25% 20-25% 13,971 and later consolidation of HSF EBITDA before special 3,200-3,600 3,200-3,600 2,732 L
Slide 14: Our current priorities 2021
Our current priorities 2021 • Integrate HSF Logistics Group successfully • Pursue post-Brexit opportunities • Drive organic growth • Manage truck driver shortage • Prepare for return of passengers 14
Slide 15: Q&A
Q&A