Tallink Grupp As · OMXTSE:TAL1T
Tallink Grupp As — Shareholder Meeting (June 2021)
19 slides from Tallink Grupp As's shareholder meeting presentation, Jun 15, 2021
Slide 1: Annual General Meeting 15 June 2021
ANNUAL GENERAL MEETING 15 JUNE 2021
Slide 2: Agenda of the Annual General Meeting
AGENDA OF THE ANNUAL GENERAL MEETING 1. Approval of the annual report of the financial year 2020 2. Resolution of covering the loss 3. Amendment of the Articles of Association 4. Extension of authority of the member of the supervisory board and payment of remuneration 5. Appointment of an auditor fo
Slide 3: Key Highlights and Facts in 2020
KEY HIGHLIGHTS AND FACTS IN 2020 • COVID-19 related temporary suspensions of vessel and hotel operations • Rerouting vessels to new routes • Reorganisation and reduction in the number of employees by 3 040 • Signing EUR 260 million worth of new overdraft and working capital loan agreements • Receive
Slide 4: Steps Taken to Keep Providing Safe Travelling
STEPS TAKEN TO KEEP PROVIDING SAFE TRAVELLING FOCUS ON FLEXIBILITY, COSTS AND LIQUIDITY FLEXIBILITY AND COST-CUTTING MEASURES • Strict hygiene and disinfecting procedures and requirements • Renegotiation of supply terms of various goods and consumables • Extremely limited advertising and marketing e
Slide 5: 2020 Overview – COVID-19 & Travel Restrictions
2020 OVERVIEW – COVID-19 & TRAVEL RESTRICTIONS Selected Key Figures 2020 2019 Change (financials in million euros) • Revenue EUR 442.9m (EUR -506.2m or -53.3% vs LY) Number of passengers 3 732 102 9 763 210 -61.8% — Extensive impact from Covid-19 related travel restrictions Number of cargo units 359
Slide 6: Full Year Costs Breakdown
FULL YEAR COSTS BREAKDOWN Net finance cost 3% (EUR thousands) 20203 2019 Change Cost of goods 116 624 221 139 -47% Staff costs 116 818* 163 148 -28% Cost of goods Overhead expenses (1) 71 797 110 974 -35% Depreciation & 20% amortisation 17% Port & Stevedoring 68 100 103 446 -34% Other costs 1% Fuel
Slide 7: 2021 & Outlook
2021 & OUTLOOK TALLINK GRUPP
Slide 8: I Quarter Results of the 2021 Financial Year
I QUARTER RESULTS OF THE 2021 FINANCIAL YEAR 1 JANUARY – 31 MARCH 2021 Q1 Selected Key Figures 2021 2020 Change • Revenue EUR 53.7m (EUR -101.2m or -65.3% vs LY) (financials in million euros) — Extensive impact from Covid-19 related travel restrictions Number of passengers 267 224 1 566 730 -82.9% —
Slide 9: The Dynamics of High Seasonality on the Profit Level
THE DYNAMICS OF HIGH SEASONALITY ON THE PROFIT LEVEL NET PROFIT/LOSS BY QUARTERS (EUR MILLION) (1) 2018 net profit 40 2019 net profit 50 2020 net loss -108 2021 Q1 net result -34 60 50 40 30 55 46 20 10 15 15 0 5 -2 -10 -20 -24 -25 -27 -30 -34 -20 -27 -30 -40 MOST OF THE PROFITS ARE TYPICALLY EARNED
Slide 10: Outlook for Summer 2021
SUMMER 2021 OUTLOOK FOR SUMMER 2021 • Tallinn-Helsinki Progress regarding vaccinations SHUTTLE key in Group’s main markets service forinTallink Estoniaandand Finland MYSTAR is provides a positive very outlook important forfor trafficyears coming recovery • and beyond operations of Tallinn-Stockholm
Slide 11: Proceeding with the New LNG Shuttle Ferry MyStar
PROCEEDING WITH THE NEW LNG SHUTTLE FERRY MYSTAR FURTHER DEVELOPMENT OF THE TALLINN–HELSINKI SHUTTLE SERVICE NEW FERRY FROM RAUMA MARINE CONSTRUCTION • The vessel cost is EUR 247 million 30% prepayments (concluded), 70% at delivery • Specifications similar to Megastar • Expected delivery in Q1 2022
Slide 12: Possible Use for Assets
POSSIBLE USE FOR ASSETS → Actively seeking chartering opportunities — Atlantic Vision on long-term charter until 2022 Nov to Canadian government with option for an extension — Interest on market for chartering vessels, we are able to supply vessel in case of fit of vessel characteristics and terms —
Slide 13: Pandemic as an opportunity to restructure the cost base
The pandemic has provided an opportunity to „turn every stone“ and restructure the cost base positioning us well for a post-Covid market recovery and providing a brilliant outlook of reaching better results in the future 13 TALLINK GRUPP
Slide 14: 1. Approval of the Annual Report of the Financial Year 2020
1. APPROVAL OF THE ANNUAL REPORT OF THE FINANCIAL YEAR 2020 To approve the annual report of the financial year 2020 of AS Tallink Grupp presented by the management board. 14 TALLINK GRUPP
Slide 15: 2. Resolution of Covering the Loss
2. RESOLUTION OF COVERING THE LOSS To approve the proposal presented by the management board of AS Tallink Grupp: 1. To approve the net loss of the financial year of 2020 in the amount of 108,308,000 euros and to cover the net loss with the retained earnings from previous periods; 2. No dividend dis
Slide 16: 3. Amendment of the Articles of Association
3. AMENDMENT OF THE ARTICLES OF ASSOCIATION The management board has proposed to grant to the supervisory board of the company the right to increase the share capital to a greater extent than provided in the current version of the articles of association. Pursuant to the proposal the supervisory boa
Slide 17: 4. Extension of Authority of the Member of the Supervisory Board
4. EXTENSION OF AUTHORITY OF THE MEMBER OF THE SUPERVISORY BOARD AND PAYMENT OF REMUNERATION Due to the expiry of the term of authority of the member of the supervisory board Kalev Järvelill on 12.06.2021, extend the authorities of Kalev Järvelill as the supervisory board member for the next 3-year
Slide 18: 5. Appointment of an Auditor for the Financial Year 2021
5. APPOINTMENT OF AN AUDITOR FOR THE FINANCIAL YEAR 2021 AND THE DETERMINATION OF THE PROCEDURE OF REMUNERATION OF THE AUDITOR To appoint the audit firm KPMG Baltics OÜ to conduct the audit of the financial year 2021 and to remunerate the auditor in accordance with the contract to be concluded with
Slide 19: Thank You
THANK YOU AS Tallink Grupp Sadama 5, 10111, Tallinn, Estonia investor@tallink.ee