Tallinna Vesi AS Class A · OMXTSE:TVE1T
Tallinna Vesi AS Class A — AS Tallinna Vesi — Q2 2018 Earnings Presentation
10 slides from Tallinna Vesi AS Class A's earnings presentation, July 2018
Slide 1: AS Tallinna Vesi: Results of the second quarter of 2018
AS Tallinna Vesi Results of the second quarter of 2018
Slide 2: Karl Heino Brookes, CEO and Riina Käi, CFO
Karl Heino Brookes CEO, Member of the Management Board Riina Käi CFO, Member of the Management Board
Slide 3: Operations update
Operations update Water quality Leakage rate 6m 99.93% compliant 6m 14.09% Q2 100.00% compliant Q2 13.00% Effluent Customer satisfaction Fully compliant, no 6m 4.2 out of 5 pollution incidents Q2 4.1 out of 5
Slide 4: Projects update
Projects update
Slide 5: Tariff dispute
Tariff dispute Local Court Case International Court Case • Dispute started in 2011. • International arbitration proceedings (ICSID) • Hearing in the District court took place in 23th commenced in October 2014 January 2017. District Court dismissed AS Tallinna • Hearings were held in Paris, in Novemb
Slide 6: Financial highlights
Financial highlights 2nd quarter 6 months 18,00 35,00 15,98 16,00 14,73 28,51 30,06 30,00 14,00 12,00 25,00 10,00 8,53 8,90 20,00 16,73 17,22 7,54 8,00 7,18 2017 14,34 15,00 13,67 2017 6,00 5,47 10,62 12,00 4,26 2018 2018 4,00 10,00 2,00 5,00 0,00 0,00 Sales Gross profit Operating Net profit Sales G
Slide 7: Water & Wastewater revenues in 2nd quarter of 2018
Water & Wastewater revenues in 2nd quarter of 2018 Revenues, EUR million Volumes, million m3 7,0 8,0 2017; 6,3 6,0 7,0 6,0 2017 7,3 5,0 4,0 2017; 5,2 5,0 6,4 5,5 2017 2,6 3,0 4,0 2017; 1,0 3,0 2,0 2017; 0,1 2,0 2017 1,1 1,0 7,4 2,7 1,1 0,1 0,0 1,0 1,2 Domestic W&S Commercial Outside area Outside are
Slide 8: Total costs in the 2nd quarter and 6 months in 2018
Total costs in the 2nd quarter and 6 months in 2018 6 months 6 months EUR million Q2 2018 Q2 2017 Change € Change % Change € Change % 2018 2017 Total Cost of Goods Sold (incl.) -7,1 -6,2 -0,88 -14,2% -12,8 -11,8 -1,06 -9,0% Water abstraction charges -0,3 -0,3 0,0 -3,8% -0,6 -0,6 0,0 -1,0% Chemicals
Slide 9: Cash position
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Slide 10: Thank you!
Regulatory & political questions Thank you! Karl Brookes Karl.Brookes@tvesi.ee IR & financial questions Riina Käi riina.kai@tvesi.ee Operational questions Aleksandr Timofejev aleksandr.timofejev@tvesi.ee Company ph., +372 62 62 200, E-mail tvesi@tvesi.ee