Tallink Grupp As · OMXTSE:TAL1T
Tallink Grupp As — AS Tallink Grupp — Q2 2025 Earnings Presentation
16 slides from Tallink Grupp As's earnings presentation, July 2025
Slide 1: Q2 2025 AS Tallink Grupp
Q2 2025 AS Tallink Grupp July 2025
Slide 2: Presenters
Presenters PAAVO NÕGENE MARGUS SCHULTS HARRI HANSCHMIDT CHAIRMAN OF THE MANAGEMENT MEMBER OF THE MANAGEMENT MEMBER OF THE MANAGEMENT BOARD BOARD BOARD 2
Slide 3: Key facts about Tallink Grupp
Tallink Grupp KEY FACTS ABOUT TALLINK GRUPP as at the end of Q2 2025 The leading European provider of leisure and business travel and sea transportation services in the Baltic 13 vessels 5 regular routes Sea region. 11 passenger vessels on the Baltic Sea 2 cargo vessels 3 vessels in charter 3.4 mill
Slide 4: Fleet by routes and chartered vessels end of Q2 2025
Fleet by routes and chartered vessels end of Q2 2025 Tallinn - Helsinki Helsinki - Stockholm Chartered In lay-up Megastar Silja Symphony Galaxy I Regal Star Vessel type High-speed ro-pax Vessel type Cruise ferry Vessel type Cruise ferry Vessel type Ro-ro passenger vessel Built/renovated 2017 Built/r
Slide 5: Q2 2025 revenues
Q2 2025 revenues Selected Key Figures • Revenue EUR 207.0m (EUR -3.1m or -1.5% vs LY) Q2 2024 Q2 2025(1) Change (financials in million euros) — Strong accommodation and ticket revenue as well as Number of passengers 1,451,768 1,488,128 2.5% stable onboard sales offset majority of the decline in Numb
Slide 6: Investments in Baltic Princess
Investments in Baltic Princess Public areas Piano bar On-board shops Approximately EUR 7 million invested including upgrading the on- board shops, reception area, a la carte restaurant etc. 6
Slide 7: Sales & results by geographical segments Q2 2025
Sales & results by SEGMENT SALES (in million euros) geographical 240 210 7 0.1 -2.9 1.8 -2.2 0.1 207 200 segments Q2 2025 160 120 ESTONIA-FINLAND 80 The segment reflects operations of two shuttle vessels – 40 MyStar and Megastar and the cruise ferry Victoria I. 0 ESTONIA-SWEDEN Q2 Estonia Estonia Fi
Slide 8: Sales by operational segments Q2 2025
Sales by REVENUE STRUCTURE Q2 2025(1) operational Restaurant & shop sales Cargo 10% segments Q2 2025 49% Accommodation 3% Charter 6% • Chartering revenues impacted by less Other vessels on charter in April and May 2025 3% compared to the same period a year ago. Chartering of the cruise ferry Romanti
Slide 9: Dynamics of seasonality
Dynamics of seasonality Passengers (millions) Cargo (th. units) 500 10 410 8 400 96 324 303 6 5.5 5.7 5.6 300 76 Q4 102 65 1.3 1.3 1.3 4 200 76 67 Q3 1.9 1.8 1.7 2.5 109 125 85 87 Q2 2 1.5 1.5 1.5 100 67 1.6 1.0 1.1 1.0 102 87 85 Q1 0 58 0 2022 2023 2024 2025 2022 2023 2024 2025 Revenue (in million
Slide 10: Dynamics of seasonality
Dynamics of seasonality Quarterly net result (in million euros) 2022 2023 2024 1H2025(1) net profit 14M€ net profit 79M€ net profit 40M€ net loss 36M€ 70 50 30 49 38 33 37 10 17 6 2 3 -5 -5 -3 -10 -33 -40 -30 -50 Notes: (1) 2025 unaudited Most of profits are typically earned in summer, the high seas
Slide 11: Consolidated income statement
Consolidated income statement In million euros 2023 2024 Q2 2024 Q2 2025(2) Sales 835 786 210 207 Cost of sales (1) -631 -632 -163 -168 Marketing & administrative cost (1) -95 -97 -25 -24 Other operating items, net 4 21 1 0 Result from operating activities 113 77 22 15 Income tax 1 -9 -9 -11 EBITDA
Slide 12: Consolidated cash flow statement
Consolidated cash flow statement In million euros 2023 2024 Q2 2024 Q2 2025(1) Operating cash flow 203 158 56 60 Capital expenditure -28 -22 -4 -8 Asset disposal 1 25 0 65 Interest received 1 1 0 0 Free cash flow 177 162 51 117 Debt financing (net effect) -213 -106 -21 -90 Interests & other financia
Slide 13: Consolidated statement of financial position
Consolidated statement of financial position In million euros 31.12.2023 31.12.2024 31.03.2025(2) 30.06.2025(2) 30.06.2025(2) Total assets 1,555 1,463 1,471 1,414 Non-current assets 1,432 1,356 1,350 1,267 1400 Cash Intangibles Current assets 123 108 121 147 Other Other liabilities - of which cash 4
Slide 14: Loan portfolio structure
Loan portfolio Long-term bank loans structure LONG-TERM BANK LOANS 700 84.2 90 80 600 16 • EUR 405 million as at 30 June 2025 70 • 3 loan agreements outstanding: syndicated 500 loan and two ship building loans 60 • Maturing 3 – 9 years 400 8 746 50 • EUR denominated, fixed and EURIBOR floating 663 4
Slide 15: Q&A
Q&A PAAVO NÕGENE CHAIRMAN OF THE MANAGEMENT BOARD 15
Slide 16: — eee ee
— eee ee i LTE | SULA LINE? ——— anit.