Tallinna Sadam As · OMXTSE:TSM1T
Tallinna Sadam As — Q1 2022 Earnings Presentation
14 slides from Tallinna Sadam As's earnings presentation, May 10, 2022
Slide 1: Results of 2022 Q1
Results of 2022 Q1 Webinar 10.05.2022
Slide 2: Presenters
Presenters Valdo Kalm Andrus Ait CEO CFO Chairman of the Management Board Member of the Management Board
Slide 3: Q1 2022 main events
Q1 2022 main events • MPSV Botnica charter for summer 2022 • Compromise agreement with Tallink • Change in the management board and in the supervisory boards of the subsidiaries – new CFO Andrus Ait • Cruise terminal – Grand Prix of the annual architecture award and Concrete building of 2021 • Partn
Slide 4: Trends in Q1 by business segments
Trends in Q1 by business segments • PASSENGERS – steep rise in PAX numbers (+140%) and revenue (+21%). Growth in rental fees • CARGO – decline in volumes (-8%) and stable revenue. Change in the structure of cargo volumes – ro-ro caught up with liquid bulk. EU sanctions to Russia • FERRY – revenue gr
Slide 5: Passenger and cargo volumes
Passenger and cargo volumes Passengers Cargo 6 1 000 896 5,3 -8% 900 4,8 +140% 5 0,4 0,1 800 0,2 0,6 700 4 1,1 0,7 Thousand PAX Million tons 600 500 3 1,5 400 373 801 1,7 0 2 300 200 334 1 2,1 1,7 100 0 0 2021 Q1 2022 Q1 2021 Q1 2022 Q12 Tallinn-Helsinki Tallinn-Stockholm Muuga-Vuosaari Liquid bulk
Slide 6: Shipping volumes
Shipping volumes Ferries MPSV Botnica 350 323 100 100% 100% 100% 300 90 269 90 90 80 80% Thousand PAX/vehicles 250 70 200 178 60 60% 158 Days 50 150 40 40% 100 30 20 20% 50 10 0 0 0% 2021 Q1 2022 Q1 2021 Q1 2022 Q1 passengers vehicles charter days utilization rate
Slide 7: Future outlook
Future outlook Affecting factors • Recovery from COVID-19 – still impact on passenger business • Sanctions against Russia and Belarus • Energy prices and climate change action – rising input cost, but new opportunities in green energy business projects
Slide 8: Results of the Group in Q1
Results of the Group in Q1 In thousands Q1 2022 Q1 2021 +/- % Revenue 26 771 24 988 1 783 7.1% Adjusted EBITDA 13 482 13 022 460 3.5% Adjusted EBITDA margin 50.4% 52.1% -1.7 - Operating profit 7 217 7 221 -4 -0.1% Income tax 0 0 0 - Profit for the period 7 191 6 844 347 5.1% Investments 4 697 3 640
Slide 9: Results by business segments in Q1
Results by business segments in Q1 Q1 segments (mEUR) Passenger H 2,5 6,0 1,8 5,0 Cargo H 5,1 9,7 5,6 9,6 Ferry 3,2 7,4 3,0 6,8 Other 2,6 3,7 2,6 3,6 0 2 4 6 8 10 12 Adjusted EBITDA 2022 Adjusted EBITDA 2021 Revenue 2022 Revenue 2021
Slide 10: Cash Flow and Financial Position
Cash Flow and Financial Position Cash Flow statement Financial position 700 In thousands Q1 2022 Q1 2021 +/– 600 Cash from operating 14 871 15 015 –144 500 activities 381 388 Cash used in investing 400 –5 339 –4 760 –579 activities 580 579 300 Free cash flow (FCF) 9 532 10 255 –723 45 47 200 Cash fr
Slide 11: Revenue generation
Revenue generation Passenger harbours Cargo harbours 35 50 29 41 30 40 25 8,4 10,4 30 MEUR MEUR 20 9,7 10,9 15 20 10 6 9,8 10 Total revenue 5,7 10 5 150 5,0 6,0 9,6 9,7 0 0 107 2021 2022 2021 2022 100 28,5 MEUR Ferry Other 32,3 10 40 10 50 24,3 27 31 2,3 8 30 25,0 26,8 7,4 0 MEUR 6 3,1 MEUR 20 8,6 4
Slide 12: EBITDA generation
EBITDA generation Passenger harbours Cargo harbours 20 30 14 22 15 20 5,4 MEUR MEUR 4,0 10 5,9 5,4 10 Total adj. EBITDA 5 5,4 5 3 80 2,5 5,6 5,1 1,8 2,5 0 0 2021 2022 2021 2022 60 54 13 MEUR Ferry Other 40 20 17 6 6 20 11 13 15 1,1 13 4 13 13 MEUR 2,4 2,1 10 3 0 MEUR 3,7 2021 2022 2 5 3,4 3 2,6 2,6
Slide 13: Q&A session
PORT OF @ TALLINN Q&A session
Slide 14: Thank You!
Thank You! www.ts.ee • Marju Zirel (Head of IR), m.zirel@ts.ee