Tallink Grupp As · OMXTSE:TAL1T
Tallink Grupp As — AS Tallink Grupp — Shareholder Meeting (June 2022)
23 slides from Tallink Grupp As's shareholder meeting presentation, Jun 9, 2022
Slide 1: Annual General Meeting AS Tallink Grupp
9 JUNE 2022 ANNUAL GENERAL MEETING AS TALLINK GRUPP
Slide 2: Agenda of the Annual General Meeting
AGENDA OF THE ANNUAL GENERAL MEETING 1. Approval of the annual report of the financial year 2021 2. Resolution of covering of loss 3. Approval of the principles of remuneration of the management board members 4. Extension of authority of the members of the supervisory board and payment of remunerati
Slide 3: Tallink Grupp
TALLINK GRUPP
Slide 4: Operating in the fog, slim-fit Tallink, focus on recovery
→ Operating ‘in the fog’ COVID-19, restrictions, low visibility and high uncertainty → ‘slim-fit’ Tallink response to the changed environment; small profit in H2 2021 → Focus on the recovery of core business 4 TALLINK GRUPP
Slide 5: Key Events in 2021
KEY EVENTS IN 2021 • Temporary suspensions of vessel and hotel operations due to COVID-19 and related restrictions • Tight cost control • Chartering out vessels • Reopening of Tallinn-Stockholm & Helsinki-Stockholm routes • Amendments to loan agreements • Public offering of shares and increase in sh
Slide 6: Key Figures of 2021
KEY FIGURES OF 2021 6 TALLINK GRUPP
Slide 7: Tallink Grupp Sustainability
TALLINK GRUPP SUSTAINABILITY People: ‘if — Reduce harming behaviour > Increase staff health & well-being — Support our communities be Resources: m= > Use local & sustainable products ~ Reduce waste > Increase reuse & circular economy practises FOCUS AREAS & GOALS . afl Climate: © > Reduce CO, emissi
Slide 8: Top Priority - Emissions
TOP PRIORITY - EMISSIONS → Overall emissions reduced → Continuing efforts and activities to reduce overall emissions with: - Energy efficiency improvements - Shore power - Technical maintenance and improvements, etc. - Green investments. 8 TALLINK GRUPP
Slide 9: Every minute saved in port equals fewer CO2 emissions
Every minute saved in port equals fewer CO2 emissions! 9 TALLINK GRUPP
Slide 10: Sustainable, Circular Tallink
SUSTAINABLE, CIRCULAR TALLINK → Sustainable, local products → Green, eco certified, fair trade → Waste reduction cooperation with partner ports → Circular economy principles and practices getting rooted in company culture 10 TALLINK GRUPP
Slide 11: Our Greatest Asset – Our People
OUR GREATEST ASSET – OUR PEOPLE FOCUS ON: → Safety and security → Health and wellbeing → Equality and diversity TALLINK GRUPP 11
Slide 12: 2022 & Outlook
2022 & OUTLOOK TALLINK GRUPP
Slide 13: Passenger Recovery Relative to Pre-COVID Periods
PASSENGER RECOVERY RELATIVE TO PRE-COVID PERIODS PAX PERFORMANCE COMPARED TO 2019 140% 120% 100% 80% 60% 40% 20% 0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 2020 2021 2022 EST-FIN EST-SWE LAT-SWE FIN-SWE 13 TALLINK GRUPP
Slide 14: The Dynamics of High Seasonality on the Profit Level
THE DYNAMICS OF HIGH SEASONALITY ON THE PROFIT LEVEL NET PROFIT/LOSS BY QUARTERS (EUR MILLION) (1) 2019 net profit 50 2020 net loss -108 2021 net loss -57 2022 Q1 net result -40 70 50 30 55 10 15 5 6 -3 -10 -25 -27 -24 -27 -24 -30 -34 -40 -30 -50 MOST OF THE PROFITS ARE TYPICALLY EARNED IN THE SUMME
Slide 15: Q1 2022 and Key Figures
Q1 2022 AND KEY FIGURES → Impact of COVID-19 Omicron variant in the Q1 2022 RESULTS COMPARISON TO Q1 2019 beginning of the quarter → Passengers: -1.1m -61% → Lifting of travel restrictions in Sweden, Finland and → Revenue: EUR -73m, -41% Estonia contributed to demand for travel → Investments EUR -16
Slide 16: Outlook for the Rest of 2022
OUTLOOK FOR THE REST OF 2022 • Despite the uncertainties in the outlook of the economic environment the management expects a quicker recovery in the passenger traffic from the second and third quarter of 2022 • MyStar delivery expected in Q3 2022 • Continuously exploring chartering options • No ship
Slide 17: Thank You
THANK YOU TALLINK GRUPP
Slide 18: 1. Approval of the Annual Report of the Financial Year 2021
1. APPROVAL OF THE ANNUAL REPORT OF THE FINANCIAL YEAR 2021 To approve the annual report of the financial year 2021 of AS Tallink Grupp presented by the management board. TALLINK GRUPP
Slide 19: 2. Resolution of Covering of Loss
2. RESOLUTION OF COVERING OF LOSS To approve the proposal presented by the management board of AS Tallink Grupp: 1. To approve the net loss of the financial year of 2021 in the amount of 56,576,000 euros and to cover the net loss with the retained earnings; 2. No dividend distribution to the shareho
Slide 20: 3. Approval of the Principles of Remuneration of the Management Board Members
3. APPROVAL OF THE PRINCIPLES OF REMUNERATION OF THE MANAGEMENT BOARD MEMBERS Approve the principles of remuneration of the members of the management board. Pursuant to the Securities Market Act (§ 1352 (11) of the Securities Market Act) the general meeting shall vote on the principles of remunerati
Slide 21: 4. Extension of Authority of the Members of the Supervisory Board
4. EXTENSION OF AUTHORITY OF THE MEMBERS OF THE SUPERVISORY BOARD AND PAYMENT OF REMUNERATION Due to the expiry of the term of authority of the members of the supervisory board on 18.09.2022, extend the term of authority of the members of the supervisory board Ain Hanschmidt, Colin Douglas Clark, Ev
Slide 22: 5. Appointment of an Auditor for the Financial Year 2022
5. APPOINTMENT OF AN AUDITOR FOR THE FINANCIAL YEAR 2022 AND THE DETERMINATION OF THE PROCEDURE OF REMUNERATION OF THE AUDITOR To appoint the audit firm KPMG Baltics OÜ to conduct the audit of the financial year 2022 and to remunerate the auditor in accordance to the contract to be concluded with th
Slide 23: Thank You
THANK YOU AS Tallink Grupp Sadama 5, 10111, Tallinn, Estonia www.tallink.com/investors investor@tallink.ee