Getlink Se · EURONEXT:GET
Getlink — Eurotunnel Group — Q1 2016 Earnings Presentation
15 slides from Getlink's earnings presentation, Apr 21, 2016
Slide 1: Q1 2016 Traffic and Revenue
Q1 2016 Traffic and Revenue 21 April 2016 Jacques Gounon Chairman & Chief Executive Officer World leader in rolling motorways The reference in respect for the environment
Slide 2: Eurotunnel Group: Continued growth in revenue
Eurotunnel Group Continued growth in revenue Group revenue at €280M, up +4%* Increase in Fixed Link revenue of +6% to €207M • Strong revenue growth for Shuttle services (+13% to €135M) Truck shuttle volumes up 10% Car shuttle volumes up 8% Increased yields • Railway Network revenue at €69M
Slide 3: Group revenue
Group revenue €280M, +4% In €M +4%* 268 280 Europorte -1% Fixed Link 207 +6% 3 * Unaudited revenue. All comparisons with 2015 are made at the average exchange rate for the first three months of 2016: £1=€1.263 and excluding MyFerryLink (application of IFRS 5)
Slide 4: Rail freight activity in Q1 2016
Rail freight activity in Q1 2016 Europorte The world leader in rolling motorways The reference in respect for the environment
Slide 5: Europorte: Solid activity
Europorte Solid activity In €M Q1 2016 Variance Q1 2015* Revenue 72.6 -1% 73.2 Renewal of contracts with Ports of Nantes-Saint-Nazaire and La Rochelle Late start of car campaign Start of new 5-year biomass contract with Drax in UK Final batch of class 66 locomotives delivered to GBRf 5 * All
Slide 6: Fixed Link Concession activity in Q1 2016
Fixed Link Concession activity in Q1 2016 Eurotunnel The world leader in rolling motorways The reference in respect for the environment
Slide 7: Fixed Link: Strong volume growth for the Shuttle services
Fixed Link Strong volume growth for the Shuttle services In €M Q1 2016 Variance Q1 2015* Revenue 207 +6% 195 o.w. Shuttle 135 +13% 120 o.w. Railway Network 69 -4% 71 o.w. Other 3 Ns 4 Shuttle revenue: increase in volume and yield Railway Network: resilience of high-speed train passenger volumes
Slide 8: Fixed Link: EU referendum: what would change?
Fixed Link EU referendum: what would change? No impact on our operational procedures • UK not part of Schengen zone • Passport, customs and security controls already in place No impact on the Concession Agreement • Concession signed with the UK and French States • Security regulated by the IGC
Slide 9: Truck Shuttles
Truck Shuttles Record volumes since opening Truck volumes (‘000s) 411k trucks transported in Q1 2016, +10% vs Q1 2015. +10% Record quarter since opening +8% Growing market share for the period: 40.5% vs 37.4% Short Straits market growth confirmed (+1.5%) Updated peak day calendar (39 days pl
Slide 10: Truck Shuttle Market Share
Truck Shuttle Market Share Shuttle leadership Market share by operator (Short Straits – accompanied freight vehicles) 10 Source: IRN Research
Slide 11: Passenger Shuttles
Passenger Shuttles Best first quarter for 15 years Car volumes (‘000s) 502k cars transported in Q1 2016, +8% vs Q1 2015. Best first quarter for 15 years. +8% Short Straits market back to +4% growth: +4% (-7% in H2 2015, impacted by migrants and terrorist attacks) Growing market share for the p
Slide 12: High-speed passenger trains
High-speed passenger trains Resilient demand Eurostar passengers* (‘000s) Resilience of high-speed train passengers: -3% in -0% -3% Q1 2016 Strikes in Belgium and France (January and March). Limited impact in Q1 of Brussels incident Increased capacity: 80% of Paris London journeys operated wit
Slide 13: Rail freight network
Rail freight network Regaining momentum Number of rail freight trains Progressive recovery of the traffic (442 trains in +11% Q1 2016 vs 426 trains in Q4 2015) Working with all parties -44% to resume growth SNCF-Réseau Frethun site now secured 13
Slide 14: Eleclink: An electricity interconnection FR-UK
Eleclink An electricity interconnection FR-UK Added-value for the Channel Tunnel and development of strategic infrastructure Interconnection of electricity networks in Europe • ElecLink, joint venture Eurotunnel Group/Star Capital Partners (49/51%) • 1,000MW interconnection between the UK and FR
Slide 15: Contact investors & analysts
Contact investors & analysts: Michael Schuller Jean Baptiste Roussille Corporate Finance Director co-Head of IR co-Head of IR 00 33 1 40 98 04 81 00 44 1303 288 719 Jean-baptiste.roussille@eurotunnel.com Michael.schuller@eurotunnel.com The world Leader leader mondial in rolling motorways de l’autoro