Slide 1: Q4 2021 investor call: Set for further growth
Q4 2021 investor call Set for further growth 8 February 2022
Slide 2: Agenda
Content • FY and Q4 overview • Q4 numbers Agenda • 2022 outlook & strategy The statements about the future in this announcement contain risks and uncertainties. This entails that actual developments may diverge significantly from statements about the future. 2
Slide 3: Set to grow further in 2022 on back of strong result for 2021
Set to grow further in 2022 on back of strong result for 2021 • Full-year EBITDA up 25% to DKK 3.4bn DKK m 2021 EBITDA development vs LY for 2021 3,600 10 0 • Growth driven by freight as passenger 131 result remained on level with 2020 3,200 due to Covid-19 538 2,800 • Mediterranean achieved strong
Slide 4: Q4 EBITDA: HSF, Mediterranean, and passengers improved earnings
Q4 EBITDA: HSF, Mediterranean, and passengers improved earnings • DFDS Group EBITDA up 19% DKK m Q4 EBITDA before special items 2021 915 • Ferry freight EBITDA on level as tough UK 2020 769 stockbuilding comps offset higher earnings in Mediterranean and on new routes 2019 771 0 200 400 600 800 1,000
Slide 5: Q4 2021 income statement
Q4 2021 income statement DFDS Group P/L • Revenue up 46% driven by the HSF acquisition, DKK m Q4 20 Q4 21 Δ Δ Revenue 3,761 5,482 1,721 46% higher bunker surcharges, and more passenger revenue EBITDA* 769 915 146 19% Margin 20.5% 16.7% -3.8% Ferry Division 668 742 73 11% • Depreciation up DKK 121m m
Slide 6: Q4 capital overview – strong operational cash flow
Q4 capital overview – strong operational cash flow • Assets increased DKK 3.8bn mainly due to DKK m Q4 20 Q4 21 Δ Δ HSF consolidation Non-current intangible assets 4,901 6,252 1,351 28% Non-current tangible assets 16,867 19,188 2,321 14% Total assets 27,006 30,783 3,778 14% • Operating cash flow up
Slide 7: Ferry Division – Mediterranean growth, tough UK comps
Ferry Division – Mediterranean growth, tough UK comps Total EBITDA* of DKK 741m vs DKK 668m in 2020 • North Sea down DKK 17m due to DKK m boost from UK stockbuilding in 2020. -17 Supply chain bottlenecks eased 350 +67 through the quarter 250 • Mediterranean up DKK 67m driven by 150 -27 6% higher adj
Slide 8: Ferry Division – passenger volumes started to pick up
Ferry Division – passenger volumes started to pick up Total EBITDA* of DKK 741m vs DKK 668m in 2020 DKK m • Baltic Sea on level with 2020 as -17 lower volumes were offset by cost 350 +67 decreases 250 • Passenger up DKK 56m mainly due -27 150 to higher passenger volumes on +0 Norway-Denmark route 50
Slide 9: Logistics – boost from HSF, margin pressure in forwarding
Logistics – boost from HSF, margin pressure in forwarding • Dry Goods down DKK 20m as time lags in DKK m Total EBITDA* of DKK 211m vs DKK 123m in 2020 cost coverage and higher own costs lowered 175 forwarding margins +108 • Contract logistics and specialised services 150 improved 125 100 -20 • Cold
Slide 10: Outlook 2022
Current situation 2022 OUTLOOK Click icon to add picture
Slide 11: Key freight outlook assumptions for 2022
Key freight outlook assumptions for 2022 DKK m Outlook 2022 2021 • Ferry: UK freight market expected to grow after some slowdown in 2021 Revenue growth 23-27% 17,869 • Further growth expected for EBITDA before special items 3,900-4,400 3,411 Mediterranean Per division: Ferry Division 3,050-3,450 2,8
Slide 12: Key passenger outlook assumptions for 2022
Key passenger outlook assumptions for 2022 DKK m Outlook 2022 2021 • Around 50% of DKK 1bn EBITDA decrease in 2020 and 2021 is Revenue growth 23-27% 17,869 expected to be regained EBITDA before special items 3,900-4,400 3,411 • This includes a positive impact from Per division: duty-free sales, main
Slide 13: Key ESG focus areas in 2022
Key ESG focus areas in 2022 • Choice of fuel type for first generation green freight ferries • Ferry engine technology development • Green fuel availability – partnerships and commitments • Deployment of electric trucks • Raise female gender ratio further, especially for specific job types • New str
Slide 14: Key strategy focus areas in 2022
Key strategy focus areas in 2022 • Grow solutions: Focus on Automotive and Forest & Metal • Digitise: Customer solutions for Logistics • Develop and expand: Deployment of two Baltic new-buildings. Grow by acquisitions • Value for passengers: Regain volumes, duty- free sales development, new concepts
Slide 15: Q&A
Q&A