Tallink Grupp As · OMXTSE:TAL1T
Tallink Grupp As — AS Tallink Grupp — Q3 2024 Earnings Presentation
20 slides from Tallink Grupp As's earnings presentation, October 2024
Slide 1: Q3 2024 AS Tallink Grupp
Q3 2024 AS Tallink Grupp October 2024
Slide 2: Key facts about Tallink Grupp
Tallink Grupp KEY FACTS ABOUT TALLINK GRUPP The leading European provider of 14 vessels 5 regular routes leisure and business travel and sea 12 passenger vessels on the Baltic Sea 2 cargo vessels transportation services in the Baltic Sea region. 3 vessels in charter 3.3 million Both long-term Club O
Slide 3: Strategic plan
Strategic plan LONG TERM OBJECTIVES TOWARDS INCREASING THE COMPANY VALUE AND PROFITABILITY • Strive for the highest level of customer satisfaction • Improve profitability and strengthen the leading position on our home markets • Develop a wide range of quality services directed at different customer
Slide 4: Operations
Operations Restaurant operations — BURGER KING of Fistand—Sneden QD . = Sree srecthoim QD 0 FH Finlond —Cermony @Y ——_— . @ 20010 —sw0sen . @Esonio Friend fe e Hotel operations 1 1 1 8 Baltic Queen 1 © 1 1 | Bolte Princess ElatesS Superstor Megastor Stor MyStor Secondary sting on Private Nosdg Plece
Slide 5: Fleet by routes and chartered vessels end of Q3 2024
Fleet by routes and chartered vessels end of Q3 2024 * Victoria I operated the Tallinn-Stockholm route until 31 August 2024 5
Slide 6: Routes & passengers
Routes & passengers Passengers in 2023 Finland 49% Estonia 24% Sweden 8% Europe 9% Asia 3% Latvia 2% Lithuania 2% Other 3% 6
Slide 7: Q3 2024 revenues
Q3 2024 revenues Selected Key Figures • Revenue EUR 231.9 (EUR -8.8m or -3.7% vs LY) Q3 2023 Q3 2024(1) Change (financials in million euros) — Strong revenues from the Tallinn-Stockholm route due to Number of passengers 1,775,821 1,715,496 -3.4% two cruise ferries on the route offset by declining Nu
Slide 8: Sales & results by geographical segments Q3 2024
Sales & results by SALES (in million euros) geographical 280 240 241 8 0.4 8.6 -11.1 -7.2 0.4 232 segments Q3 2024 200 160 120 ESTONIA-FINLAND 80 The segment reflects operations of two shuttle vessels – MyStar and Megastar. The cruise ferry Victoria I 40 returned to the route on 31 August 2024. 0 Q3
Slide 9: Sales by operational segments Q3 2024
Sales by REVENUE STRUCTURE Q3 2024(1) operational Restaurant & shop sales Cargo segments Q3 2024 46% 9% Accommodation 2% Charter 6% Other • As at the end of Q3 2024 a total of 3 3% vessels on charter, compared to 5 vessels in Q3 2023 Ticket sales 34% • Cargo transportation revenues indicate an impro
Slide 10: Dynamics of seasonality
Dynamics of seasonality Passengers (millions) Cargo (th. units) 9.8 500 10 410 2.3 400 380 360 369 8 96 324 5.7 94 82 101 6 3.0 5.5 300 76 Q4 102 239 3.7 1.3 1,3 4.3 93 92 91 4 200 76 67 Q3 3.0 1.9 1.8 1.7 109 2.7 100 87 1.3 1.1 92 85 87 Q2 2 1.5 1.5 100 1.1 1.6 1.9 1.6 1.1 93 100 85 102 87 85 1.0 Q
Slide 11: Dynamics of seasonality
Dynamics of seasonality Quarterly net result (in million euros) 2019 2020 2021 2022 2023 2024(1) net profit 50M€ net loss 108M€ net loss 57M€ net profit 14M€ net profit 79M€ net profit 45M€ 70 50 30 55 49 38 33 36 10 15 17 6 2 3 5 6 -3 -5 -10 -25 -30 -27 -24 -27 -34 -24 -40 -30 -50 Notes: (1) 2024 u
Slide 12: Consolidated income statement
Consolidated income statement In million euros 2022 2023 Q3 2023 Q3 2024(2) Sales 771 835 241 232 Cost of sales (1) -658 -631 -163 -165 Marketing & administrative cost (1) -87 -95 -22 -23 Other operating items, net 10 4 -1 0 Result from operating activities 38 113 55 44 EBITDA 136 215 82 68 EBITDA M
Slide 13: Consolidated cash flow statement
Consolidated cash flow statement In million euros 2022 2023 Q3 2023 Q3 2024(1) Operating cash flow 144 203 60 55 Capital expenditure -203 -28 -6 -6 Asset disposal 3 1 0 0 Free cash flow -56 177 54 50 Debt financing (net effect) 69 -213 -39 -32 Interests & other financial items -25 -37 -8 -7 Dividend
Slide 14: Consolidated statement of financial position
Consolidated statement of financial position In million euros 31.12.2022 31.12.2023 30.06.2024 30.09.2024(2) 30.09.2024(2) Total assets 1,692 1,555 1,567 1,499 Cash Non-current assets 1,496 1,432 1,393 1,375 Intangibles Other 1400 liabilities Current assets 196 123 174 124 Other assets - of which ca
Slide 15: Loan portfolio structure
Loan portfolio structure 900 84.24 90 LONG-TERM BANK LOANS 800 80 700 70 • EUR 496 million as at 30 September 2024 • 3 loan agreements outstanding: syndicated 600 16 60 loan and two ship building loans 500 50 • Maturing 4.5 – 10 years • EUR denominated, fixed and EURIBOR 400 40 floating 746 663 300
Slide 16: 38,640 shareholders and FDR-holders
38,640 shareholders and FDR-holders incl. 30,130 on Tallinn Stock Exchange (TAL1T) and 8,510 on Helsinki Stock Exchange (FI4000349378) as at 30 September 2024
Slide 17: Shareholders and share performance
Shareholders and share performance Infortar AS 68.5% Nordea Bank Abp / Clients FDR 3.2% Mersok OÜ 1.5% Clearstream Banking AG 1.1% Retail investors Luksusjaht AS 1.0% 12% Citibank (New York) / Government of Norway 0.9% Institutional Enn Pant 0.9% investors Unicredit Bank Austria AG 0.8% 12% AB SEB B
Slide 18: Management board
Management board Paavo Nõgene Born in 1980 CEO since May 2018 Elise Nassar Harri Hanschmidt Piret Mürk-Dubout Margus Schults Born in 1991 Born in 1982 Born in 1970 Born in 1966 Member of Management Board Member of Management Board Member of Management Board Member of Management Board since March 202
Slide 19: Supervisory board
Supervisory board Enn Pant Born in 1965 Chairman of Supervisory Board since 2015 CEO of AS Tallink Grupp in 1996-2015 Ain Hanschmidt Toivo Ninnas Eve Pant Kalev Järvelill Raino Paron Born in 1961 Born in 1940 Born in 1968 Born in 1965 Born in 1965 with the Supervisory Board with the Supervisory Boar
Slide 20: a — ee ;
a — ee ; — __ | SILJA LIN