Attica Holdings Sa · ATHEX:ATTICA
Attica Holdings Sa — Investor Presentation (July 2024)
19 slides from Attica Holdings Sa's investor presentation, July 2024
Slide 1: Company Presentation
Company Presentation July 2024
Slide 2: Attica Group at a glance (1/2)
Attica Group at a glance (1/2) One of Europe’s leading ferry owners and operators … Key financial figures 2023 PF2 €761m €137m Largest passenger shipping group in Greece in terms of passenger capacity1 Revenue EBITDA 2nd largest worldwide passenger shipping operator of conventional ro-pax vessels in
Slide 3: Attica Group at a glance (2/2)
Attica Group at a glance (2/2) …positioned in strategic locations with fundamental demand for sea transport. Ongoing expansion into the hotel industry allows Attica to capitalise on the strong Greek tourism dynamics Market / Country1 Strategic importance The ferry shipping industry has infrastructur
Slide 4: Key highlights since incorporation showing strong track record in organic and inorganic growth
Key highlights since incorporation showing strong track record in organic and inorganic growth as well as market consolidation experience 1918 - Incorporated 2024 – Agreement with Stena RoRo for as “General Company the long-term charter (with purchase of Commerce and option) of two new vessels and a
Slide 5: Key company highlights
Key company highlights 1 Growth story underpinned by robust Greek macro fundamentals … … and growing strategic importance of tourism in Greece, being the largest passenger 2 ferry market in the EU1, with a unique need for sea transportation 3 Infrastructure characteristics with natural resilience 4
Slide 6: Growth story underpinned by robust Greek macro fundamentals
1 Growth story underpinned by robust Greek macro fundamentals … A 8.4% Euro area Constructive macroeconomic and political conditions underpinned by expectations of strong GDP growth, well 5.6% above the Euro area Real GDP growth1 5.9% Greece is the largest recipient of RRF 2 funds in the EU 2.0% 2.2
Slide 7: Growing strategic importance of tourism in Greece
2 …and growing strategic importance of tourism in Greece Tourism has consistently been a much more important contributor to GDP in Greece … and is a sector that continues to grow faster compared to other key countries than in other European countries… Travel & tourism’s total contribution to GDP in
Slide 8: Largest passenger ferry market in the EU with a unique need for sea transportation
Largest passenger ferry market in the EU with a unique need for sea 2 transportation The largest ferry market1 in the EU… …and a unique requirement for ferry transportation Share of seaborne transport3 18.6% 100% 14.8% 14.7% % total passengers2 13.0% 80% 60% 9.4% 9.0% 8.5% 8.1% 40% 20% 0% National I
Slide 9: The combined effect of macros and tourism on the ferry business
1 2 The combined effect of macros and tourism on the ferry business Visible correlation between GDP and seaborne passengers transported in Greece 250 350 R2 = 0.74 Covid-19 300 200 crisis 250 Passengers (million) 242 238 150 233 Euro (billion) 218 224 220 200 203 207 188 183 182 180 177 176 174 177
Slide 10: Infrastructure characteristics with natural resilience
3 Infrastructure characteristics with natural resilience 1 4 Growth potential from GDP-driven baseline demand Largest Largest passenger shipping group in Greece 1 enhanced by international tourism growth Strong cash operator Strong market positioning in key routes Attractive margins and cash generat
Slide 11: Highly experienced management with a successful delivery track-record
Highly experienced management with a successful delivery track- 4 record Committed and experienced leadership team to drive the next phase of growth Management team Kyriakos Magiras Panos Dikaios George Nikolakopoulos Dionysis Theodoratos Executive Chairman Chief Executive Officer Chief Financial Of
Slide 12: Corporate governance
4 Corporate governance Attica Group operates based on best-in-class corporate governance practices Board of Directors Board Committees Committee Members Indicative responsibilities Kyriakos Mageiras ▪ Evaluate the adequacy and effectiveness of the Internal Control Chairman 2 independent non-executiv
Slide 13: Attractive financial profile characterised by high growth, strong profitability
Attractive financial profile characterised by high growth, strong 5 profitability and underpinned by solid operating performance 7.4m combined €761m Revenue 2023 PF1 €137m EBITDA 2023 PF1 6.5m Pax 2023A 2023 €588m Revenue 2023A 18% EBITDA margin 2023 PF1 +7% growth vs. 2022A 1.3m combined €413m2 Rev
Slide 14: Growth momentum continues
5 Growth momentum continues Revenues already above pre-Covid levels in 2022 Revenue (€m) + Attica revenue 2023 Pro-Forma2 (€m) 579.31 710.31 761.91 Aggregated1 Attica 588.3 173.9 180.0 173.6 Anek 173.6 2019A 2022A 2023A Adjustments (1.3) 530.2 588.3 405.4 Pro-forma 760.7 Pro Forma2 2019A 2022A 2023A
Slide 15: Attractive EBITDA margin profile
5 Attractive EBITDA margin profile EBITDA margin back to pre-Covid levels EBITDA (€m) + 103.71 58.51 137.21 Attica EBITDA 2023 Pro-Forma2 (€m) 17.9% margin1 8.2% margin1 18.0% margin1 Aggregated1 EBITDA 14.7% 0.4% 6.2% margin3 Attica 126.4 25.6 10.8 Anek 0.8 10.8 2019A 2022A 2023A EBITDA Adjustments
Slide 16: A leader in sustainability in the transport and transport infra sector
6 A leader in sustainability in the transport and transport infra sector ESG reporting and ratings Corporate Responsibility and Sustainability Framework — 2023 highlights Consecutive 15th Corporate Environmental Social Governance Responsibility and Sustainability Report Reducing environmental impact
Slide 17: Additional growth avenues
Additional growth avenues Attica's plan includes initiatives that could further enhance the company’s growth Optimisation of fleet through existing and new vessels 1 Fleet deployment optimization Vessels regeneration with engines retrofitting 2 Digitalisation and on-board revenues Enhancement of dig
Slide 18: Disclaimer
Disclaimer IMPORTANT: Please read the following before continuing. The following applies to this document and its contents, which have been prepared by Attica Holdings S.A. (together with its subsidiaries, the “Company”) (the “Information”). The Information does not purport to contain all informatio
Slide 19: Thank you
Thank you 19