Tallinna Vesi As Class A · OMXTSE:TVE1T
Tallinna Vesi As Class A — AS Tallinna Vesi — H1 2012 Earnings Presentation
9 slides from Tallinna Vesi As Class A's earnings presentation, Jul 20, 2012
Slide 1: AS Tallinna Vesi Interim results 6 months ended 30 June 2012
AS Tallinna Vesi Interim results 6 months ended 30 June 2012 20 July 2012
Slide 2: Speakers
Speakers Ian Plenderleith CEO, Chairman of the Management Board Siiri Lahe CFO, Member of the Management Board
Slide 3: The Privatisation Contract
The Privatisation Contract District Court ruled that SA is a public law lontract The CA insists on closed court proceedings CA opinion only, no evidence to support any claim EU – Supportive of the regulatory economics of our case Current tariffs until court decides on legality of privatisation Opera
Slide 4: Operational Highlights – 6 months of 2012
Operational Highlights – 6 months of 2012 Total sales increased by 3.8% Operating profit from main services flat Water quality 99,73% Wastewater – Cleaner Baltic Sea Network performance - Lower leakages, less blockages Customer Service – lower customer hours off supply Sustainable quality – ISO and
Slide 5: Financial Highlights in 6 mths 2012 compared to 2011
Financial Highlights in 6 mths 2012 compared to 2011 6 months 6 months mln EUR 2012 2011 Change Change % Sales 26,1 25,2 1,0 3,8% Gross profit 16,0 15,4 0,7 4,4% Operating profit 13,2 13,8 -0,6 -4,2% Operating profit - main business 13,2 13,2 -0,1 -0,7% Net profit 7,5 9,5 -2,0 -21,3%
Slide 6: Water and Wastewater and Other Revenues
Water and Wastewater and Other Revenues Revenues million EUR 6M 2012 6M 2011 Ch. EUR Ch. % Domestic 12,0 11,9 0,1 0,7% Commercial, in area only 9,3 9,0 0,3 3,8% Commercial, outside area only 2,1 1,7 0,4 22,8% Overpollution 0,3 0,4 -0,1 -24,2% Water and wastewater total 23,8 23,1 0,7 3,1% Volumes mil
Slide 7: Total costs: 6 mths 2012 compared to 6 mths 2011
Total costs: 6 mths 2012 compared to 6 mths 2011 Total cost variances m'€ 2012 2011 Variance Electricity 1,8 1,4 0,5 Chemicals 0,8 0,6 0,2 Pollution tax 0,5 0,6 -0,2 Total salary cost 3,4 3,1 0,3 Legal services 1,0 0,9 0,1 Depreciation 2,9 2,8 0,1 Maardu -0,4 0,0 -0,4 Bad debt 0,0 -0,5 0,5 Total key
Slide 8: Cash Position
Cash Position Cash balance by more than 2.8 mln euros higher y-o-y
Slide 9: Thank You!
Thank You! AS Tallinna Vesi Ädala 10, Tallinn Tanel Pihel +372 6262 228, tanel.pihel@tvesi.ee Siiri Lahe+ 372 6262 262, siiri.lahe@tvesi.ee Company Ph: +372 6262 200, Email: tvesi@tvesi.ee