Tallinna Sadam As · OMXTSE:TSM1T
Tallinna Sadam As — Investor Day (October 2023)
51 slides from Tallinna Sadam As's investor day presentation, Oct 9, 2023
Slide 1: Investor day
Investor day 09.10.2023 TALLINNA & SADAM Heade s6numite sadam
Slide 2: Agenda
Agenda • Andrus Ait, CFO Tallinna Sadam today • Valdo Kalm, CEO Quo vadis, Tallinna Sadam? • Piret Üts, real estate business manager Real estate development in Old City Harbour • Margus Vihman, CCO New business opportunities
Slide 3: Tallinna Sadam today
Tallinna Sadam today Andrus Ait member of the management board/ CFO
Slide 4: Why own the shares of Port of Tallinn?
Why own the shares of Port of Tallinn? Dividends paid (mln EUR) • Infrastructure company with stable 40 200% position 35 180% 35 • Balanced business model: four 30 30 160% 144% 140% business fields 26 25 120% • Strong cash-flow – EBITDA margin 20 20 100% 19 100% about 50% 80% 15 71% 75% 68% • Growth
Slide 5: Balanced business model
Balanced business model Segments Passenger harbours Revenue Cargo harbours Tallinn Old City Muuga Harbour Harbour 32% 27% Paldiski South Harbour Saaremaa Harbour 10% 31% Other Adj. EBITDA Ferry Icebreaker Botnica Saaremaa ja Hiiumaa Waste management 26% ferry lines 37% 6% 31% Revenue and EBITA for 6
Slide 6: Passengers and PAX harbours
Passnegers and PAX harbours Passenger volumes Passenger harbours’ performance 60 100% 12 10000 10,6 90% 50 10 50 80% 0,9 8000 65,8% 70% 8 40 7,0 52,6% 51,8% PAX million Vessel calls 6 111 6000 47,6% 38 49,2% 60% margin % mln EUR 5 451 5 679 5 672 6,1 6 30 33 50% 0,4 4 266 4000 29 29 4,3 40% 8,8 3,5
Slide 7: Cargo volume and harbours
Cargo volume and harbours Cargo volume Cargo harbours’ performance 25 6000 60 100% 22,4 21,3 90% 19,9 1,9 5000 50 20 1,8 80% 1,8 17,8 63,9% 4,4 4,7 70% 4000 40 2,1 Vessel calls 15 4,5 40 55,5% 40 41 54,8% mln tonnes 39 60% margin % mln EUR 2,9 5,6 6,5 3000 30 43,4% 50% 5,4 9,5 10 42,1% 40% 6,9 1,4 2
Slide 8: Shipping
Shipping Ferry operations MPSV Botnica charter 3,0 50 000 300 100% 261 267 45 000 90% 249 249 2,5 250 40 000 80% 2,4 Million PAX/vehicles 2,3 35 000 72% 73% 2,2 70% 2,0 200 68% 68% Number of trips 2,0 2,0 65% 30 000 178 60% Days 1,5 25 000 150 50% 22 842 21 010 21 518 20 118 20 000 40% 17 887 1,0 1,
Slide 9: Revenue and profitability
Revenue and profitability 140 131 90% 122 80% 120 110 107 70% 100 60% 57% Revenue 54% 80 EUR million 49% 50% 46,00% 44% Adj. EBITDA 74 60 57 40% 58 56 Adj. EBITDA margin 54 30% 40 20% 20 25 10% 0 0% 2019 2020 2021 2022 2023 6M
Slide 10: Quo vadis, Tallinn Sadam?
Quo vadis, Tallinn Sadam? Valdo Kalm CEO
Slide 11: Our vision
Business strategy • Find sustainable growth opportunities in all four business areas Our vision • To ensure a stable shareholder’s income, to fulfill the dividend The vision of the Port of Tallinn policy is to be the most innovative • Responsible business and port in the Baltic Sea, as organizationa
Slide 12: Future vision
TALLINNA £ SADAM Future vision
Slide 13: Port 2030+
Port 2030+ • Marine Single Window 4.0 • Intelligent port partner platform Smart Port 4.0 • Automated management of port infrastructure • Port digital twin • Alternative energy sources • Climate neutral Port of Tallinn • Value proposition based marketing and sales
Slide 14: Cargo
Cargo • Multimodal port • North-South stream and growing Scandinavian oriented ro-ro, Rail Baltic • Construction and maintenance base of wind farms • Alternative fuels’ terminals • Near-shoring and new trade logistics • Production of technological components in Muuga and Paldiski industrial parks
Slide 15: Passengers
Passengers • Tallinn-Helsinki green corridor • Tallinn-Stockholm green corridor • Joint marketing of the cruise region • Modern and sustainable passenger terminals - renovating passenger terminal A
Slide 16: Shipping
Shipping • Offshore business development • Offshore windfarms maintenance fleet • Hybrid and electric vessels
Slide 17: Real estate development in the Old City Harbour
Real estate development in the Old City Harbour Piret Üts Real estate business manager
Slide 18: Old City Harbour area (yellow)
Old City Harbour area (yellow)
Slide 19: Area of port operations and real estate development
Area of port operations and real estate development blue – port operations/ orange – RE development
Slide 20: Six detailed plans are in process
Six detailed plans are in process
Slide 21: Detailed plans in process
Detailed plans in process 1. Terminal A DP 2. Nothern part DP 3. Admirality DP 4. Terminal D DP 5. Southern part DP 6. Tuukri str. 17, 19, 19a etc. DP (new elementary school plot)
Slide 22: Procedure is organized by the city of Tallinn
Public display and INITIATION Public display of discussion ESTABLISHING sketches Procedure is organized by the city of Tallinn Masterplan Sketches DP DP update finished submitted (third drafting ADOPTION time) 2017 Summer 2020 2023 Presumably Presumably in Oct 2021 in 2024 2024 01.11.2022 31.10.2019
Slide 23: Role of Port of Tallinn
Role of Port of Tallinn • The owner's long-term view • Finding a balance - port activity and urban spaces • Examples from the best solutions in European cities • Direction indicator throughout the development
Slide 24: Role of Port of Tallinn
Role of Port of Tallinn Buildings and areas related to port activities • The port as real estate developer and future property owner. Commercial buildings (for example hotel, office, trade center, entertainment, etc.) • Setting building rights • Partnership (joint venture) • Real estate developer Ap
Slide 25: Completed in 2020-2022
Completed in 2020-2022 25
Slide 26: Values and principles
Values and principles
Slide 27: New linear park through Old City Harbour
New linear park through Old City Harbour Connecting green areas of the city
Slide 28: Opening city to the sea
• Opening city to the sea • All in one area − Apartments, offices, business − Culture, education and entertainment − service, small shops and cafes on the lower floors of the buildings
Slide 29: New level of mobility service
New level of mobility service: • sidewalks and cycling paths • Public transport • Car use as service
Slide 30: Use of renewable energy sources
Use of renewable energy sources, including seawater-based heating and cooling.
Slide 31: A diverse and carefully designed public space
A diverse and carefully designed public space
Slide 32: Planning a new school
Planning a new school • The obligation to provide a plot (plots) for the use of the designated municipal educational institution(s) of the city of Tallinn - results from the order for the initiation of the DP • Reid Road 12 plot is a suitable location for an elementary school agreed with the Tallinn
Slide 33: The port and living environment
The port and living environment
Slide 34: Smart Port
Co-financed by the European Union Connecting Europe Facility
Slide 35: Onshore power for ships in Old City Harbour
Onshore power for ships in Old City Harbour
Slide 36: Automooring in Old City Harbour
Automooring in Old City Harbour
Slide 37: New business opportunities
New business opportunities Margus Vihman CCO / member of the management board
Slide 38: Development of container and ro-ro lines
Development of container and ro-ro lines • Increasing North-South cargo flows, • Routing trucks from the city center to Muuga and Paldiski • Muuga second floor ramp - faster and more environmentally friendly service ramp • Additional trips • Marketing and sales to get new operators
Slide 39: Rail Baltic freight station
Rail Baltic freight station North-South trade • Loading possibilities from sea, road and rail • Design in updating transport • Construction planned 2025-2027 • Capacity 4-5 mln tonnes of cargo per year • Financed by Connecting Europe • Serves 1435 mm and 1520 mm gauge railway Facility (CEF I)
Slide 40: Paldiski South Harbour: offshore wind farm port
Paldiski South Harbour: offshore wind farm construction and maintenance port • Quay length: 310 m • Hinterland area: 10 ha • Investment ca EUR 53 million • Co-financed by European Commission project EstMilMob EUR 20 million • Adding value to the construction and maintenance of offshore wind farms
Slide 41: Paldiski South Harbour industrial park
12,8 8,3 11,2 8,5 13,5 Paldiski South Harbour industrial park
Slide 42: Muuga Industrial Park
PORT OF & TALLINN Territory 76 ha Detail planning in place Communications to the border of plots In the heart of supply chains
Slide 43: Alternative fuels in maritime and logistics
Alternative fules in maritime and logistics Hydrogen Biodiesel Ammonium Methanol
Slide 44: Ukrainian grain and project based cargo
Ukrainian grain and project based cargo
Slide 45: Helsinki-Tallinn
Helsinki-Tallinn 9 million passengers 2 million vechicles Vuosaari-Muuga 150 000 passengers 130 000 vechicles
Slide 46: Green Corridor outcome and focus areas
Outcome: Focus areas: • Roadmap towards climate neutrality by activities of the partners • Green cities, sustainable • More sustainable passenger and cargo tourism infrastructure and traffic between Finland and Estonia green transport • Sustainable port • Enhancing the sustainability of FIN-EST dest
Slide 47: FIN-EST Green Corridor
FIN-EST Green Corridor
Slide 48: Joint marketing of cruise region
Joint marketing of cruise region • Visits • Fairs and conferences • FAM-tours • Marketing materials • Digital marketing
Slide 49: A-terminal area development
A-terminal area development
Slide 50: Disclaimer
Disclaimer The presentation has been prepared for informational purposes only. By opening, downloading, In addition, even if the results and financial condition of the Port of Tallinn and the reading or otherwise making available any part or all of the presentation in whole or in part, development o
Slide 51: Thank you!
Thank you! www.ts.ee investor@ts.ee portoftallinn