Tallink Grupp As · OMXTSE:TAL1T
Tallink Grupp As — AS Tallink Grupp — Q1 2026 Earnings Presentation
16 slides from Tallink Grupp As's earnings presentation, April 2026
Slide 1: Q1 2026 AS Tallink Grupp
Q1 2026 AS Tallink Grupp April 2026
Slide 2: Presenters
Presenters PEEP JALAKAS HARRI HANSCHMIDT PAAVO NÕGENE CHAIRMAN OF THE MANAGEMENT MEMBER OF THE MANAGEMENT MEMBER OF THE MANAGEMENT BOARD BOARD BOARD 2
Slide 3: Management Board
Management Board Peep Jalakas CEO since April 2026 Elise Nassar Harri Hanschmidt Piret Mürk-Dubout Paavo Nõgene Member of Management Board Member of Management Board Member of Management Board Chairman of the Management since March 2024 since February 2019 since April 2019 Board since May 2018 Membe
Slide 4: Tallink Grupp in glance
Tallink Grupp TALLINK GRUPP in glance as at the end of Q1 2026 The leading European provider of leisure and business travel and sea transportation services in the Baltic 11 vessels incl 5 regular routes Sea region. 9 passenger & on the Baltic Sea 2 shuttle vessels 2 vessels in charter incl 3.6 milli
Slide 5: Fleet composition & deployment
Fleet composition & deployment Tallinn - Helsinki Tallinn - Stockholm Helsinki - Stockholm Megastar Baltic Queen Silja Symphony Vessel type High-speed ro-pax Built/renovated 2017 Vessel type Cruise ferry Vessel type Cruise ferry Route Estonia-Finland Built/renovated 2009 Built/renovated 1991 Other i
Slide 6: Q1 2026 highlights
Q1 2026 highlights Selected Key Figures — Operating environment impacted by subdued consumer (financials in million euros) Q1 2025 Q1 2026(1) Change confidence and uncertain market environments. Number of passengers 970,359 1,036,405 6.8% — Geopolitical situation in the Middle East added volatility
Slide 7: Sales & results by geographical segments Q1 2026
Sales & results by SEGMENT SALES (in million euros) geographical 160 137 7 5.5 6.7 -0.9 0.7 0.1 149 segments Q1 2026 120 80 • The Group accounts for 48% of passenger traffic between Estonia-Finland and 37% 40 between Finland-Sweden. 0 • The Group is the only operator providing Q1 Estonia Finland Est
Slide 8: Sales by operational segments Q1 2026
Sales by Cargo 14% REVENUE STRUCTURE Q1 2026(1) operational Ticket sales 24% Accommodation 1% segments Q1 2026 Charter 9% • Improved revenue streams from all of the Other 5% Group’s core segments. However, weak Restaurant & consumer confidence continues to impact shop sales share of wallet spent on
Slide 9: Dynamics of seasonality
Dynamics of seasonality Passengers (millions) Cargo (th. units) 5.6 5.5 400 6 5.7 324 1.3 303 1.3 1.3 300 76 65 245 4 1.8 1.7 Q4 1.8 200 76 67 60 60 Q3 2 1.5 1.5 1.0 85 87 1.5 100 66 Q2 67 1.0 1.1 1.0 1.0 87 85 58 66 Q1 0 0 2023 2024 2025 2026 2023 2024 2025 2026 Revenue (in million euros) EBITDA (i
Slide 10: Dynamics of seasonality
Dynamics of seasonality Quarterly net result (in million euros) 2023 2024 2025 2026(1) net profit 79M€ net profit 40M€ net profit 17M€ net loss 22M€ 70 50 30 49 37 41 33 10 6 2 3 12 -5 -5 -3 -10 -22 -33 -30 -50 Notes: (1) 2026 unaudited Most of profits are typically earned in summer, the high season
Slide 11: Consolidated income statement
Consolidated income statement In million euros 2025 Q1 2025 Q1 2026(2) Sales 765 137 149 Cost of sales (1) -622 -142 -143 Marketing & administrative cost (1) -96 -23 -24 Other operating items, net 3 1 1 Result from operating activities 50 -27 -17 Income tax -12 0 0 EBITDA 130 -4 2 EBITDA margin (%)
Slide 12: Consolidated cash flow statement
Consolidated cash flow statement In million euros 2025 Q1 2025 Q1 2026(1) Operating cash flow 127 -9 14 Capital expenditure -33 -13 -14 Asset disposal 79 0 0 Free cash flow 173 -22 0 Debt financing (net effect) -112 25 2 Interests & other financial items -21 -5 -4 Dividends paid -45 0 0 Change in ca
Slide 13: Consolidated statement of financial position
Consolidated statement of financial position In million euros 31.12.2025 31.03.2025 31.03.2026(2) 31.03.2026(2) Total assets 1,331 1,471 1,329 1400 Cash Non-current assets 1,225 1,350 1,221 Other Current assets 106 121 108 Other liabilities assets - of which cash 13 16 12 1050 Total liabilities 581
Slide 14: Loan portfolio structure
Loan portfolio Long-term bank loans structure 11.2 800 12.0 700 • Long-term bank loans of EUR 360.7 million 10.0 as at 31 March 2026: 600 — 3 loan agreements outstanding: 8.0 syndicated loan and two ship 500 building loans; 400 6.0 5.4 3 21 — Maturing 3 – 9 years; 300 3.1 3.3 3.2 4.0 — EUR denominat
Slide 15: Q&A
Q&A PEEP JALAKAS PAAVO NÕGENE CHAIRMAN OF THE MANAGEMENT MEMBER OF THE MANAGEMENT BOARD BOARD 15
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