Tallinna Sadam As · OMXTSE:TSM1T
Tallinna Sadam As — Q1 2020 Earnings Presentation
11 slides from Tallinna Sadam As's earnings presentation, May 15, 2020
Slide 1: Results of Q1 2020
Results of Q1 2020 Webinar 15.05.2020
Slide 2: Presenters
Presenters Valdo Kalm Marko Raid CEO CFO Chairman of the Management Board Member of the Management Board 2
Slide 3: Highlights of Q1 2020
Highlights of Q1 2020 • COVID-19 pandemic mainly hitting PAX numbers from mid-March, cargo flows continued • Increased volume of liquid cargo • Profit from sale of Paljassaare Harbour assets • Negotiations to acquire a new ferry for the Virtsu- Kuivastu route by 2023 • Dredging works at the Paldiski
Slide 4: Trends in Q1 by business segments
Trends in Q1 by business segments • PASSENGERS – PAX numbers decline 13% due to COVID-19 • CARGO – growth in liquid bulk (11%), containers declining • FERRY– increase in revenue due to indexation • OTHER segment – MPSV Botnica increase in revenue due to indexation 4
Slide 5: Cargo and passenger volumes in Q1
Cargo and passenger volumes in Q1 Cargo Passengers +2.0% 5,0 4.7 4.8 2000 1796 -13.3% 4,5 0,1 1800 11 0,2 0,4 1552 0,5 151 6 7 4,0 1600 2 0,8 136 0,8 1400 10 3,5 Thousand PAX 1200 15 3,0 Million tons 1,3 1000 2,5 1,3 800 1616 2,0 1394 600 1,5 400 1,0 2,2 1,9 200 0,5 0 0,0 2019 Q1 2020 Q1 2019 Q1 202
Slide 6: Results of the Group in Q1
Results of the Group in Q1 Q1 segments (mEUR) In thousands Q1 2019 Q1 2020 +/- Passenger H 4,0 7,9 5,2 8,2 Revenue 28 572 27 890 -2.2% Cargo H 6,7 9,3 Adjusted EBITDA 16 870 16 171 -4.1% 6,1 10,0 Adjusted EBITDA margin 59.1% 58.0% -1.1 Ferry 3,2 7,0 3,2 6,8 Operating profit 11 458 10 514 -8.2% Other
Slide 7: Cash Flow and Financial Position
Cash Flow and Financial Position Financial position Cash Flow statement 700 In thousands Q1 2019 Q1 2020 600 500 Cash from operating activities 15 255 18 208 377 387 400 Cash used in investing activities -3 914 -5 270 579 582 300 Free cash flow (FCF) 11 341 12 938 41 49 200 Cash from/used in financi
Slide 8: Revenue generation
Revenue generation Passenger harbours Cargo harbours 60 60 50 50 50 10,4 40 40 40 10,4 MEUR MEUR 30 17,1 30 9,8 20 20 Total revenue 14,1 10,0 10 10 140 131 8,2 7,9 10,0 9,3 0 0 120 30,0 2019 2020 2019 2020 100 Ferry Other 80 39,2 MEUR 60 40 12 32,8 31 9,8 40 10 30 2,1 20 7,1 8 28,5 27,9 MEUR 0 MEUR
Slide 9: EBITDA generation
EBITDA generation Passenger harbours Cargo harbours 40 30 22 33 30 5,6 20 5,2 MEUR MEUR 20 12,3 5,1 10 5,8 Total adj. EBITDA 10 9,7 6,1 6,7 80 74 0 5,2 4,0 0 14,8 2019 2020 2019 2020 60 23,7 Ferry Other MEUR 40 15 14 6 5 18,8 0,7 20 3,3 10 4 2,4 16,9 16,2 3,9 0 MEUR MEUR 2 2019 2020 5 3,6 2,4 2,1 Q1
Slide 10: Q&A session
PORT OF @ TALLINN Q&A session
Slide 11: Thank You!
Thank You! www.ts.ee • Marju Zirel (Head of IR), m.zirel@ts.ee • portoftallinn