Tallinna Sadam AS · OMXTSE:TSM1T

Tallinna Sadam AS — Q3 2020 Earnings Presentation

16 slides from Tallinna Sadam AS's earnings presentation, Nov 13, 2020

  1. Slide 1: Results of Q3 2020

    Results of Q3 2020 Webinar 13.11.2020

  2. Slide 2: Presenters

    Presenters Valdo Kalm Marko Raid CEO CFO Chairman of the Management Board Member of the Management Board

  3. Slide 3: Highlights (1/2) of Q3 2020

    Highlights (1/2) of Q3 2020 • COVID-19 pandemic influence continues • Dividend payment EUR 30.2M in total, dividend policy on track – 2021: at least 70% of net profit • Passenger terminal D opening • First ship connected to on-shore power • Hybrid ferry Tõll started service

  4. Slide 4: Highlights (2/2) of Q3 2020

    Highlights (2/2) of Q3 2020 • Rail Baltic Muuga freight terminal design contract signed • PK terminal 2nd stage opening in Muuga • Powers of Management Board members Valdo Kalm and Marko Raid extended for 3 years term • Change in TS Laevad Management Board

  5. Slide 5: Trends in Q3 by business segments

    Trends in Q3 by business segments • PASSENGERS – less restrictions and slight recovery from Q2 in line PAX numbers. No cruise, some lines closed. • CARGO – 24% growth in volumes: liquid bulk (71%), but lower margins. Ro-ro +5%, dry bulk +14%. • FERRY– decline in additional summer trips, no additiona

  6. Slide 6: COVID-19 main impacts

    COVID-19 main impacts • PASSENGER H: strong downturn from March 2020, no cruise calls. Temporary restrictions for passenger movement, ro-ro cargo keeps ROPAX vessels moving • CARGO H: volume growth in 9M, possible downturn in some cargo types depending on overall economy; temporary lines in Paldiski

  7. Slide 7: Passenger volume

    Passenger volume Q3 Full year and 9 months 12000 4000 10 619 10 639 3600 35 3500 10000 638 660 400 3000 1009 933 8297 299 31 -55.0% 8000 641 Thousand PAX Thousand PAX 2500 56 715 -55.4% 2000 6000 1620 1500 55 8797 8798 3703 2779 45 4000 6747 138 1000 1518 2000 500 3401 0 0 2019 Q3 2020 Q3 2018 2019

  8. Slide 8: Cargo volume

    Cargo volume Q3 Full year and 9 months 6 25 +24.0% 5.3 20.6 19.9 5 0,1 0,5 20 1,9 1,8 +8.8% 4.3 15.5 4 0,4 0,1 1,4 3,9 14.3 15 4,5 1,4 Million tons Million tons 3 1,2 1,4 3,1 1,4 5,4 3,2 10 5,4 2 4,1 1,4 4,0 1 5 8,8 1,9 7,6 6,6 1,1 5,2 0 0 2019 Q3 2020 Q3 2018 2019 2019 9M 2020 9M Liquid bulk Ro-Ro

  9. Slide 9: Shipping volumes

    Shipping volumes Ferries MPSV Botnica 2500 250 100% 100% 100% 1931 205 207 2000 200 80% Thousand PAX/vehicles 1560 75% 76% 1500 150 60% days 1000 924 879 92 92 829 100 40% 740 500 377 389 50 20% 0 0 0% 2019 Q3 2020 Q3 2019 9k 2020 9k 2019 Q3 2020 Q3 2019 9k 2020 9k passengers vehicles charter days u

  10. Slide 10: Results of the Group

    Results of the Group In thousands Q3 2020 Q3 2019 +/- 9M 2020 9M 2019 +/- Revenue 31 766 39 181 -18.9% 82 055 100 531 -18.4% Adjusted EBITDA 19 909 23 745 -16.2% 46 302 59 451 -22.1% Adjusted EBITDA margin 62.7% 60.6% 2.1 56.4% 59.1% -2.7 Operating profit 14 193 17 867 -20.6% 29 305 42 598 -31.2% In

  11. Slide 11: Cash Flow and Financial Position

    Cash Flow and Financial Position Financial position Cash Flow statement 700 In thousands 9M 2020 9M 2019 600 500 Cash from operating activities 35 447 47 424 377 370 400 Cash used in investing activities -24 788 -18 203 579 589 300 Free cash flow (FCF) 10 659 29 221 41 41 200 Cash from/used in finan

  12. Slide 12: Results by segments

    Results by segments Q3 segments (mEUR) 9M segments (mEUR) Passenger H 6,8 10,0 Passenger H 12,7 22,6 12,3 17,1 27,1 39,4 Cargo H 7,0 10,3 Cargo H 19,0 29,1 5,1 9,8 17,0 29,7 Ferry 4,3 8,3 Ferry 11,0 22,8 3,9 9,0 10,6 23,8 Other 1,8 3,0 Other 3,6 7,6 2,4 3,3 4,6 7,6 0 5 10 15 20 0 10 20 30 40 50 Adju

  13. Slide 13: Revenue generation

    Revenue generation Passenger harbours Cargo harbours 60 60 50 50 50 10,4 40 40 40 10,4 29 MEUR MEUR 30 17,1 21 30 9,8 10,3 20 10,0 20 Total revenue 14,1 10,0 9,4 10 4,6 10 140 131 8,2 7,9 10,0 9,3 0 0 120 30,0 2019 2020 2019 2020 100 82 Ferry Other 80 39,2 MEUR 60 31,8 40 12 32,8 31 9.8 40 22,4 10 3

  14. Slide 14: EBITDA generation

    EBITDA generation Passenger harbours Cargo harbours 40 30 33 22 30 5,6 19 20 5,2 MEUR MEUR 20 12,3 5,1 7,0 13 10 5,8 5,2 Total adj. EBITDA 10 9,7 6,8 1,8 6,1 6,7 80 74 0 5,2 4,0 0 14,8 2019 2020 2019 2020 60 46 23,7 Ferry Other MEUR 40 19,9 15 14 6 5 18,8 0,7 20 10,2 3,3 11 3.6 10 4 2,4 16,9 16,2 4,

  15. Slide 15: Q&A session

    PORT OF @ TALLINN Q&A session

  16. Slide 16: Thank You!

    Thank You! www.ts.ee • Marju Zirel (Head of IR), m.zirel@ts.ee • portoftallinn

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