Slide 1: Strong Q1 Growth
STRONG Q1 GROWTH DFDS GROUP Q1 2018 9 May 2018
Slide 2: Contents
Contents • Overview • Q1 numbers • Capital structure • Growth and efficiency drivers • Outlook 2018 • Priorities 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: Strong start to year - Q1 ahead of last year
Strong start to year - Q1 ahead of last year • Organic revenue growth of 9%, a highlight of Q1 Q1 EBITDA before special items DKK m • Easter timing difference estimated to have a net positive impact, although some offset 2018 453 from very cold weather in March • Primula ferry collision effects enta
Slide 4: Q1 2018 numbers: Topline growth drives improved earnings
Q1 2018 numbers: Topline growth drives improved earnings • 8.8% organic revenue growth, adjusted*. Change Change DKK m Q1 18 Q1 17 vs LY % Reported revenue up 8.2% REVENUE 3,485 3,220 265 8% • EBITDA increased 10% to DKK 453m EBITDA BEFORE SI 453 414 39 10% margin, % 13.0 12.9 0.2 n.a. P/L associate
Slide 5: Channel and Logistics key Q1 EBIT improvement drivers
Channel and Logistics key Q1 EBIT improvement drivers • North Sea +4m: Result includes a DKK 15m one- Q1 2018 DFDS Group EBIT development vs LY off cost for effects of Primula ferry collision and, DKK m in addition, a negative Easter impact 230 -5 • Channel +19m: Positive impact from Easter. 10 Frei
Slide 6: Capital structure aligned with target leverage
Capital structure aligned with target leverage • U.N. Ro-Ro enterprise value of NIBD/EBITDA EUR 950m 3.5 • Planned dividend for August suspended and share buyback cancelled 3.0 3.2 • Board will in February 2019 review 2.5 2.5 capital structure and capital distribution 2.0 Times • Share issue of DKK
Slide 7: Key growth and efficiency events shaping 2018 & beyond
Key growth and efficiency events shaping 2018 & beyond Growth from • Special Cargo: operator of flatbed trailers in Europe, acquisitions consolidated 3 January 2018 • U.N. Ro-Ro: freight ferry routes connecting Europe and Turkey, closing expected June 2018 • Currently planning for integration • Inte
Slide 8: EBITDA outlook for 2018 of DKK 3,000-3,200m
EBITDA outlook for 2018 of DKK 3,000-3,200m • European GDP growth still expected to be around 2% in 2018 OUTLOOK 2018 – including U.N. Ro-Ro • Growth projections for UK economy of around 1.5% • Revenue growth of around 10% • Revenue growth outlook raised to 4% excl. • EBITDA range of U.N. Ro-Ro and
Slide 9: Priorities 2018
Priorities 2018 • Integrate U.N. Ro-Ro • Realise our next steps in digital strategy • Customer satisfaction – grow the topline • Continue push for efficiency improvements • Improve performance of Passenger business unit • Pursue new logistics contracts • Preparing for delivery beginning 2019 of two
Slide 10: Q&A
Q&A . 10