Tallinna Vesi AS Class A · OMXTSE:TVE1T
Tallinna Vesi AS Class A — AS Tallinna Vesi — H1 2013 Earnings Presentation
10 slides from Tallinna Vesi AS Class A's earnings presentation, Jul 26, 2013
Slide 1: AS Tallinna Vesi Interim results 6 months ended 30 June 2013
AS Tallinna Vesi Interim results 6 months ended 30 June 2013 26 July 2013
Slide 2: Speakers
Speakers Ian Plenderleith CEO, Chairman of the Management Board Riina Käi CFO, Member of the Management Board
Slide 3: The Privatisation Contract
The Privatisation Contract SA is public law contract – current tariff remain in place Court proceedings started – partially closed, request of CA CA claims illegaal no evidence, total inconsistency in Kunda, Estonian Govt approved the privatisation in 2000 and 2001 EU – Supportive of the regulatory
Slide 4: Operational Highlights – 6 months of 2013
Operational Highlights – 6 months of 2013 Total sales increased by 0.2% Operating profit from main services down 9,6% Dividends 87 cents per share – a 3.9% increase y-o-y Water quality 99,80% Wastewater – Cleaner Baltic Sea Network performance – Stable low leakages, Full ISO re-accreditation
Slide 5: Financial Highlights in 6 mths 2013 compared to 2012
Financial Highlights in 6 mths 2013 compared to 2012 6 months 6 months mln € 2013 2012 Change Change % Sales 26,2 26,1 0,0 0,2% Gross profit 14,8 16,0 -1,2 -7,5% Operating profit 11,9 13,2 -1,3 -10,1% Operating profit - main business 11,9 13,2 -1,3 -9,6% Net profit 7,9 7,5 0,5 6,6% 14,0 13,2 12,6 11
Slide 6: Water and Wastewater and Other Revenues
Water and Wastewater and Other Revenues Revenues million € 6M 2013 6M 2012 Ch. € Ch. % Domestic 11,8 12,0 -0,1 -1,2% Commercial, in area only 9,6 9,3 0,2 2,6% Commercial, outside area only 2,1 2,1 0,0 -1,2% incl stormwater 0,3 0,3 -0,1 -26,6% Overpollution 0,4 0,3 0,1 24,4% Water and wastewater tota
Slide 7: Total costs: 6 mths 2013 compared to 6 mths 2012
Total costs: 6 mths 2013 compared to 6 mths 2012 Total cost variances mln'€ 2013 2012 Variance Total Cost of Goods Sold (incl.) 11,34 10,09 1,25 Chemicals 0,85 0,75 0,10 Electricity 1,79 1,83 -0,04 Pollution tax 1,30 0,01 1,29 Other COGS 7,40 7,50 -0,10 Marketing, General admin costs 2,88 2,77 0,11
Slide 8: Renewal of SWAP
Renewal of SWAP Two SWAP contracts were concluded in May 2013 Total amount 30 mln euros, 15 euros each Periods 2013-2018 and 2015-2018 Average interest 0.92% Average for the contracts wo new contracts 2,8%
Slide 9: Cash Position
Cash Position 35,0 15,0 30,0 0,5 1,0 10,0 1,1 25,0 5,0 8,3 8,3 7,0 6,5 6,3 20,0 -0,1 0,0 -0,8 -0,8 -0,3 -2,8 32,5 15,0 -5,0 23,9 22,6 -17,7 10,0 -18,3 21 -10,0 16,6 13,7 5,0 -15,0 0,0 -20,0 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Cash balance Operating Investing Financing Cash balance by mor
Slide 10: Thank You!
Thank You! AS Tallinna Vesi Ädala 10, Tallinn Riina Käi +372 6262 262, riina.kai@tvesi.ee Tanel Pihel +372 6262 228, tanel.pihel@tvesi.ee Company Ph: +372 6262 200, Email: tvesi@tvesi.ee