Attica Holdings SA · ATHEX:ATTICA
Attica Holdings SA — FY2009 Earnings Presentation
18 slides from Attica Holdings SA's earnings presentation, April 2010
Slide 1: Group Presentation Full Year 2009 Results
Group Presentation Full Year 2009 Results April 2010
Slide 2: Contents
CONTENTS 1. Attica Group Profile p. 3 2. Group Corporate Structure p. 4 3. Description of Business p. 5-6 4. Attica Group Financials p. 7 5. Market Contribution to Revenue/EBITDA p. 8 6. Revenue/Cost Breakdown p. 9-10 7. Our Markets p. 11-15 Appendix: I. Fleet Specifications p. 16 II. Market Risks p
Slide 3: Attica Group Profile
1. ATTICA GROUP PROFILE Attica Group owns and operates through its subsidiaries Superfast Ferries and Blue Star Ferries modern, fast, cruise- class, car-passenger ferries providing year-round transportation services for passengers, private vehicles and freight, in the Adriatic Sea, and in the Greek
Slide 4: Group Corporate Structure
2. GROUP CORPORATE STRUCTURE Listed on the Athens Exchange Owned 100% Owned 100% Following a triple merger completed in December 2008, Superfast Ferries and Blue Star Ferries are 100% owned by Attica Holdings S.A. As a result of the merger by absorption, Blue Star Maritime S.A. was delisted from the
Slide 5: Description of Business
3. DESCRIPTION OF BUSINESS Superfast Ferries – 5 ships, all built after 2001, 4 operating between Greece and Italy and 1 in the Piraeus- Heraklion, Crete route since 12th March, 2009. Newly built Superfast I and Superfast II, were acquired at the beginning of October 2008 and October 2009 and operat
Slide 6: Description of Business: Routes and Ships
3. DESCRIPTION OF BUSINESS Greek Islands’ Routes Cyclades Blue Star Ithaki International Routes Blue Star Paros Blue Star Naxos Greece-Italy Superferry II Superfast I (since October 08) Superfast II (since October 09) Dodecanese Superfast V (sold in February 10) Blue Star 1 Superfast VI Blue Star 2
Slide 7: Attica Group Financials
4. ATTICA GROUP FINANCIALS (in million Euro) 2004 2005 2006 2007 2008 2009 Revenue 371.25 385.12 326.60 317.31 325.90 302.48 ΕΒΙΤDΑ 104.72 99.10 71.53 69.58 47.67 29.08 Depreciation 37.98 37.39 29.93 25.94 26.32 28.04 Net Profit after Tax and Minorities 35.63 28.08 26.28 50.722 22.26 -27.45 ΕΒΙΤDΑ m
Slide 8: Market Contribution to Revenue/EBITDA
5. MARKET CONTRIBUTION TO REVENUE/EBITDA MARKET CONTRIBUTION TO GROUP REVENUE Full Year 2008 Full Year 2009 42% 47% 52% 53% 6% GR-IT 52% SCO-BEL 6% GR-IT 47% GR ISLES 53% GR ISLES 42% MARKET CONTRIBUTION TO GROUP EBITDA Full Year 2008 Full Year 2009 5% 26% 2% 72% 95% GR-IT 26% SCO-BEL 2% GR-IT 5% GR
Slide 9: Revenue Breakdown per Traffic Segment
6. REVENUE/COST BREAKDOWN ATTICA GROUP REVENUE BREAKDOWN PER TRAFFIC SEGMENT FULL YEAR 2008 International Routes Greek Islands Routes 13% 7% 36% 22% 51% 71% PASSENGERS & PRIVATE VEHICLES FREIGHT UNITS FULL YEAR 2009 ON BOARD 8% 13% 22% 37% 70% 50% PASSENGERS & PRIVATE VEHICLES FREIGHT UNITS ON BOARD
Slide 10: Group Cost Structure
6. REVENUE/COST BREAKDOWN ATTICA GROUP COST STRUCTURE …as a share of operating expenses Full Year 2008 Full Year 2009 9% 6% 10% 5% 2% 2% 7% 6% 45% 50% 9% 9% 17% 23% …as a share of revenue Full Year 2009 Full Year 2008 1% 8% 3% 8% 3% 1% 6% 36% 5% 6% 6% 38% 18% 14% Fuel and Lubricants Manning Repair a
Slide 11: Our Markets: Greece - Italy
7. OUR MARKETS Greece - Italy FULL YEAR 2009 TRAFFIC DATA PASSENGERS 698,224 Passengers 12,7% 33.7% Market Share - Rank : 1st 8,3% 33,7% (FY08: 707,603 passengers 21,8% 33.2% market share, rank : 1st) 23,5% FREIGHT UNITS 136,682 Freight units 33.0% Market Share - Rank : 1st 22,7% 33,0% Attica Mi
Slide 12: Our Markets: The Greek Islands
7. OUR MARKETS The Greek Islands Blue Star Ferries - ‘Passenger Line of the Year’ (2006) as voted by Lloyd’s List. Serves major destinations in the Greek islands: Myconos, Paros, Santorini, Ios, Kos, Rhodes with 7 ships, of which 5 are built post-2000. New Piraeus-Crete route commenced on 12th M
Slide 13: Market Overview: Cyclades Islands
7. OUR MARKETS The Greek Islands MARKET OVERVIEW FULL YEAR 2009 CYCLADIC ISLANDS (Myconos, Santorini, Paros) Passengers 27,5% 49,2% 49.2% in passenger traffic (2% volume decrease over FY08) 23,2% Freight units Blue Star Ferries 35,1% Hellenic Seaways 58.1% in freight unit traffic Various (2% vol
Slide 14: Market Overview: Dodecanese Islands
7. OUR MARKETS The Greek Islands MARKET OVERVIEW FULL YEAR 2009 DODECANESE ISLANDS (Kos, Rhodes) Passengers 16,5% 1,3% 82.2% in passenger traffic (0,4% volume increase over FY08) 82,2% Freight units 10,4% 4,2% 85.4% in freight unit traffic Blue Star Ferries (19% volume increase over FY08) GA Fer
Slide 15: Market Overview: Heraklion, Crete
7. OUR MARKETS The Greek Islands MARKET OVERVIEW (13TH March 2009 to 31st December 2009) HERAKLEION - CRETE Passengers 19,6% 18,8% 18.8% in passenger traffic 61,6% Freight units 17,2% 43,1% Superfast Ferries 17.2% in freight unit traffic Minoan Lines ANEK Lines 39,7% Private vehicles 24,9% 15,3%
Slide 16: Appendix I: Fleet Specifications
APPENDIX I FLEET SPECIFICATIONS Vessel Built Length overall Speed Passengers Berths / Private Freight units / (meters) (knots) Air seats vehicles Lane meters Superfast Superfast VI 2001 203.9 28.3 1,595 842 / 90 90 110 / 1,920 Ferries Superfast XI 2002 199.9 29.1 1,439 710 / 46 90 110 / 1,915 Superf
Slide 17: Appendix II: Market Risks
APPENDIX II MARKET RISKS Fuel Cost Is affected by price of fuel and Evolution of Fuel Cost (per mt) in Euro Euro/USD parity. 450 Price sensitivity: Euro 10 400 change per ton ⇒ ~Euro 3,0mln 350 in the Group’s annual fuel bill. 300 250 200 Interest rates 150 100 Interest expense sensitivity: 50 0.25
Slide 18: Contact Us
CONTACT US www.attica-group.com www.superfast.com www.bluestarferries.com Attica Group Blue Star Group Reuters: EPA.AT STR.AT Bloomberg: ATTICA GA BSTAR GA ATHEX: ATTICA BSTAR Tenfore: ATTICA.at BSTAR.at Attica Group 123-125, Syngrou Avenue & 3, Torva Street 11745 Athens Greece Tel.: +30 210 891 950