Slide 1: Solid growth in demand
Solid growth in demand Q3 2021 investor call 17 November 2021
Slide 2: Content
Content • Q3 overview • Q3 numbers Agenda • ESG • 2021 outlook & 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: Q3: High freight demand offset by supply chain bottleneck costs
Q3: High freight demand offset by supply chain bottleneck costs Ferry volumes, y/y-change - 2020-21 • Freight earnings continued above 2020 100% Passenger 80% recovery • Mediterranean growth driven by 60% Corona Freight recovery from lockdowns Turkish exports 40% sets in Q3 2020 Q3 2021 Brexit 20% t
Slide 4: Strategic events update
Strategic events update • HSF Logistics Group consolidated from 14 September • Acquisition of ICT Logistics • Acquisition of small Swedish haulier • New logistics centres opening in 2022-23, in addition to Borås • New Channel ferry deployed 4
Slide 5: Q3 EBITDA: Freight held firm despite supply chain bottlenecks
Q3 EBITDA: Freight held firm despite supply chain bottlenecks Q3 EBITDA before special items DKK m • DFDS Group revenue up 22% while EBITDA 848* was on level with 2020 2021 2020 846 • Ferry freight EBITDA up 3% as growth in Mediterranean offset UK trade slowdown 2019 1,195 and higher ferry operating
Slide 6: Q3 2021 income statement
Q3 2021 income statement • Revenue up 22% driven by organic freight DFDS Group P/L DKK m Q3 20 Q3 21 Δ Δ growth, including price increases to cover extra Revenue 3,598 4,406 808 22% costs, plus new routes, bunker surcharges and EBITDA* 846 848 3 0% HSF Margin 23.5% 19.3% -4.3% Ferry Division 730 706
Slide 7: Q3 capital overview – strong operational cash flow
Q3 capital overview – strong operational cash flow DKK m Q3 20 Q3 21 Δ Δ • Tangible assets increased DKK 3.7bn due to HSF consolidation Non-current intangible assets Non-current tangible assets 4,909 17,137 6,129 18,484 1,220 1,347 25% 8% Total assets 26,707 30,405 3,697 14% • Operating cash flow up
Slide 8: Ferry Division – extra costs in North Sea and Baltic Sea
Ferry Division – extra costs in North Sea and Baltic Sea Total EBITDA* of DKK 705m vs DKK 730m in 2020 • North Sea on level DKK m • Solid revenue growth offset by extra 350 costs driven by supply chain bottlenecks +2 +88 • More capacity deployed 250 • Baltic Sea down DKK 21m -21 -57 • Solid revenue
Slide 9: Ferry Division – continued strong growth in Mediterranean
Ferry Division – continued strong growth in Mediterranean Total EBITDA* of DKK 705m vs DKK 730m in 2020 DKK m • Passenger down DKK 43m 350 • Sailing schedules normalised while +2 +88 anticipated pick-up in passenger volumes over high season did not 250 materialise -21 -57 • Organisation ramped up fo
Slide 10: Logistics – contract logistics robust, forwarding traffics disrupted
Logistics – contract logistics robust, forwarding traffics disrupted • Nordic up DKK 2m • Contract logistics improved results Total EBITDA* of DKK 155m vs DKK 149m in 2020 • HSF consolidated DKK m • Lower results for forwarding traffics, 70 +8 particularly UK, as supply chain bottlenecks 60 -4 lower
Slide 11: ESG actions and plans
ESG actions and plans • 100 electric trucks ordered in October 2021 • Ambition to de-carbonise truck fleet with both electric and sustainable fuel models • Analysis of retrofitting and newbuilding options for 2025 green freight ferry ongoing • Total workforce female gender ratio increased to 25% in
Slide 12: Outlook & priorities
Current situation 2021 OUTLOOK & PRIORITIES Click icon to add picture
Slide 13: EBITDA outlook range narrowed to DKK 3.3-3.5bn
EBITDA outlook range narrowed to DKK 3.3-3.5bn • Freight momentum mixed – headwind DKK m New Previous 2020 from supply chain bottlenecks, mainly outlook 2021 outlook 2021 impacting Logistics and UK flows Revenue growth 23-25% 20-25% 13,971 • Mediterranean growth expected to EBITDA before special con
Slide 14: Our current priorities
Our current priorities • Integrate HSF Logistics Group successfully • Manage supply chain cost pressure and prepare for EU Mobility package • Pursue post-Brexit opportunities and prepare for final implement- tations • Drive organic growth • Prepare for return of passengers 14
Slide 15: Q&A
Q&A