Tallink Grupp As · OMXTSE:TAL1T
Tallink Grupp As — AS Tallink Grupp — Shareholder Meeting (June 2023)
30 slides from Tallink Grupp As's shareholder meeting presentation, Jun 13, 2023
Slide 1: AS Tallink Grupp General Meeting of Shareholders
AS Tallink Grupp General Meeting of Shareholders 13 June 2023
Slide 2: Agenda of the General Meeting of Shareholders
Agenda of the General Meeting of Shareholders 1. Approval of the annual report of the financial year 2022 2. Proposal on distribution of profits 3. Appointment of an auditor for the financial year 2023 and the determination of the procedure of remuneration of an auditor 4. Extension of authority of
Slide 3: 2022 in Brief
2022 in Brief 3
Slide 4: 2022 Key Takeaways
2022 Key Takeaways ✓ End of COVID-19 and the beginning of war From one unstable environment to another, high inflation and rapid decline in consumer confidence ✓ Focus on restoring the core operations ✓ Chartering of vessels and risk mitigation during low season Stable cash flows and cost optimizati
Slide 5: Tallink Grupp in 2022
Tallink Grupp in 2022 The leading European provider of leisure and business travel and sea transportation services in the Baltic Sea region. Operations in 2022 Key Facts 2022 ✓ Fleet of 15 vessels (6 chartered out) ✓ Revenue of EUR 771.4 million ✓ Six ferry routes (1 suspended) ✓ 5.5 million passeng
Slide 6: 2022 Key Indicators
2022 Key Indicators 5 462 085 409 769 € Net profit € 771.4 135.8 13.9 millions millions millions 6 6
Slide 7: Fleet by Routes and Chartered Vessels in 2022
Fleet by Routes and Chartered Vessels in 2022 CHARTERED Short-term Long-term 7
Slide 8: 2022 Developments and Key Events
2022 Developments and Key Events ✓ Impact of COVID-19 restrictions on Q1 financials ✓ Sale of cargo vessel Sea Wind in April 2022 ✓ As at the end of 2022 six vessels on charter including four on short-term and two on long- term charter ✓ New shuttle vessel MyStar operating Tallinn- Helsinki route fr
Slide 9: MyStar - New LNG Shuttle Vessel
MyStar - New LNG Shuttle Vessel ✓ Shipyard: Rauma Marine Constructions ✓ Total cost: EUR 252 million ✓ 30% paid during construction period, 70% on delivery ✓ Maturity of loan agreement 12 years ✓ Shipbuilding started in April 2020 ✓ Operating on Tallinn-Helsinki route from December 2022 Specificatio
Slide 10: Interesting Numbers from 2022
Interesting Numbers from 2022 9.0m 4.7m purchases in 160,481 nights in purchases in restaurants stores and bars Tallink Hotellides 55% total reduction of CO2 emissions 7,789 in 2009-2019 5,131,506 km trips travelled with Tallink Takso 10 10
Slide 11: Dynamics of Seasonality
Dynamics of Seasonality Quarterly net result (million of euros) 2019 net profit 50M€ 2020 net loss 108M€ 2021 net loss 57M€ 2022 net profit 14M€ 70 50 30 55 38 10 17 15 5 6 -3 -1 -10 -25 -30 -27 -24 -27 -24 -34 -40 -30 -50 MOST OF THE PROFITS ARE TYPICALLY EARNED IN SUMMER, THE HIGH SEASON Notes: To
Slide 12: Reduction of Emissions
Reduction of Emissions Our priority is to increase efficiency & reduce emissions, and we achieve this through: ✓ Technical modifications: 1 000 000 ✓ HVAC optimization 900 000 ✓ Propulsion efficiency (Trim optimization; Energoprofin) 800 000 ✓ Upgrading the existing fleet: 700 000 ✓ Reblading ✓ Shor
Slide 13: European Emissions Trading System
European Emissions Trading System Starting from 1 January 2024, the EU ETS will include the emissions from maritime transport. Shipping companies will start paying for the emissions they have reported for the previous calendar year. This means that: • in 2025, we will pay for 40% of the emissions re
Slide 14: Q1 2023 & Outlook
Q1 2023 & Outlook 14
Slide 15: Q1 2023 & Outlook
Q1 2023 & Outlook ✓Growing demand for travelling and Q1 2023 Key Figures improving consumer confidence levels (vs Q1 2022): ✓Rapid inflation and growing EURIBOR ✓ Passengers: 1,049,777 (+45.7%) ✓4 long-term and 3 short-term chartering ✓ Cargo units: 86,732 (-14.9%) agreements ✓ Revenue: EUR 171.2 m
Slide 16: Loan Portfolio Structure
Loan Portfolio Structure Long-term bank loans 900 90 84.2 ✓ EUR 726 million as at 31 March 2023 800 80 ✓ 7 loan agreements outstanding: 700 70 syndicated loans, amortizing project and 600 16 60 working capital loans 500 50 ✓ Maturities 8 months – 12 years 400 40 746 726 ✓ EUR denominated, fixed and
Slide 17: Dividend Policy
Dividend Policy ✓ The dividend policy adopted in 2018 subject to which dividends of a minimum amount of EUR 0.05 per share would be paid if the economic performance enables it, has not changed ✓ The company is working towards a goal of paying dividends again in 2024 for the 2023 financial results 17
Slide 18: Thank you!
_..... » Thank you! —— : YY TALLINK | |
Slide 19: 1. Approval of the annual report of the financial year 2022
1. Approval of the annual report of the financial year 2022 To approve the annual report of the financial year 2022 of AS Tallink Grupp presented by the management board. 19
Slide 20: 2. Proposal on distribution of profits
2. Proposal on distribution of profits To approve the following proposal by the Management Board of AS Tallink Grupp on distribution of profits : 1) To approve the net profit of the financial year of 2022 in the sum of 13 935 000 euros; 2) To allocate 2 789 000 euros from the net profit to the manda
Slide 21: 3. Appointment of an auditor for the financial year 2023
3. Appointment of an auditor for the financial year 2023 and the determination of the procedure of remuneration of an auditor To appoint the company of auditors KPMG Baltics OÜ to conduct the audit of the financial year 2023 and to remunerate the work according to the audit contract that shall be co
Slide 22: 4. Extension of authority of the Member of Supervisory Board and payment of remuneration
4. Extension of authority of the Member of Supervisory Board and payment of remuneration Due to the expiry of the term of authority of the Member of the Supervisory Board Enn Pant on 13.06.2023, to extend the authority of Enn Pant as the Supervisory Board Member for the next 3-year term, which is un
Slide 23: 5. Amendment of the Articles of Association
5. Amendment of the Articles of Association To amend the second sentence of the Article 2.4. of the Articles of Association and word it as follows: “Supervisory board shall be authorised within 3 years as from 1 January 2024 to increase the share capital by 35 000 000 euros, increasing the share cap
Slide 24: 6. Approval of the Option Program
6. Approval of the Option Program To approve the share option program of AS Tallink Grupp (hereinafter the Option Program) and to grant the Supervisory Board of AS Tallink Grupp the right to execute the Option Program upon the following terms and conditions: 1. The aim of the Option Program is to mo
Slide 25: 6. Approval of the Option Program
6. Approval of the Option Program 4. Share options are issued free of charge to the person entitled to receive them. 5. The Option Program shall have the term of 3 (three) years, to which the 3-year vesting period is added. On the basis of the Option Program, share options can be issued and Agreemen
Slide 26: 6. Approval of the Option Program
6. Approval of the Option Program 10. Each share option issued in the Option Program entitles the entitled person to acquire 1 (one) share of AS Tallink Grupp (ISIN EE3100004466) at a price equal to the accounting value of the share at the time of exercise of the share option (0,47 euros per share a
Slide 27: 7. Issuance of options to the Members of the Supervisory Board
7. Issuance of options as part of the Option program to the Members of the Supervisory Board of AS Tallink Grupp To approve the issuing of options as part of the Option Program to the Members of the Supervisory Board of AS Tallink Grupp and to conclude the Agreements of Share Option as follows: 1. T
Slide 28: 7. Issuance of options to the Members of the Supervisory Board
7. Issuance of options as part of the Option program to the Members of the Supervisory Board of AS Tallink Grupp 5. The Member of the Supervisory Board Toivo Ninnas has the right to acquire 300 000 options (which gives the right to acquire 300 000 shares) for the first year of the Option Program (pe
Slide 29: Questions!
Questions! 29
Slide 30: THANK YOU
THANK YOU AS Tallink Grupp Sadama 5, 10111, Tallinn, Estonia www.tallink.com/investors investor@tallink.ee 30