Slide 1: Moving on after another strong result
MOVING ON AFTER ANOTHER STRONG RESULT DFDS GROUP Q4 2017 8 February 2018
Slide 2: Contents
Contents • Overview • Q4 numbers • Capital distribution • Key focus areas 2018 • Performance drivers and outlook 2018 • Continuous improvement • Digital and IT • Priorities The statements about the future in this announcement contain risks and uncertainties. This entails that actual developments may
Slide 3: Strong 2017: great platform for further development of DFDS
Strong 2017: great platform for further development of DFDS EBITDA & margin before special items • 12% higher Q4 EBITDA brings EBITDA DKK bn Margin, % for 2017 to DKK 2,702m, an increase of 3,0 20 4% 2,5 18 16 2,0 • ROIC increased to 19.0% before 14 special items 1,5 12 1,0 10 • Focus in 2018 will b
Slide 4: Q4 2017 in numbers
Q4 2017 in numbers • 4.7% organic revenue growth, Change Change DKK m Q4 17 Q4 16 vs LY % adjusted*. Reported revenue up 4.4% REVENUE 3,497 3,351 146 4% • EBITDA increased 12% to DKK 574m EBITDA BEFORE SI 574 513 61 12% margin, % 16.4 15.3 1.1 n.a. P/L associates 0 0 1 n.a. • Depreciation decrease o
Slide 5: Q4 2017: Positive development in most business units
Q4 2017: Positive development in most business units • North Sea +37m: Positive impact from Q4 2017 DFDS: EBIT change vs LY higher volumes and lower depreciations DKK m • Channel +24m: Positive impact from 350 lower ship operating costs and higher 9 passenger volumes offset by impact -14 15 10 from
Slide 6: Distribution yield of 9.2% for 2017
Distribution yield of 9.2% for 2017 • Total distribution to shareholders was Capital distribution overview DKK 1.7bn in 2017 equal to 9.2% yield on DKK m 2015 2016 2017 equity market value Actual Actual Actual • The NIBD/EBITDA multiple was 0.9 at the Dividend per share, DKK 5.40 6.00 10.00 end 2017
Slide 7: Key focus areas 2018
KEY FOCUS AREAS 2018 . 7
Slide 8: 2018: key performance drivers
2018: key performance drivers Certain/Likely Expected Uncertain Macro drivers • Limited shipping • Freight shipping • UK freight and pax • UK GDP growth freight capacity volume growth of market development below EU average expansion around 2% • Channel competitor • Continued growth in • Increase in
Slide 9: EBITDA outlook for 2018 of DKK 2,650-2,850m
EBITDA outlook for 2018 of DKK 2,650-2,850m • European GDP growth of around 2% expected in 2018 OUTLOOK 2018 • Growth projections for UK economy of • Revenue growth of around 2% around 1%. • EBITDA range of • Revenue growth outlook of 2% reflects DKK 2,650-2,850m limited shipping capacity growth and
Slide 10: Continuous improvement projects to increase efficiency
Continuous improvement projects to increase efficiency • Pricing & yield: improve revenue growth through enhanced capacity utilisation on both freight and passenger routes • Starlight: improve on board experience and performance of the two cruise ferry routes • Carpe Momentum: completion of project
Slide 11: Digital capabilities, new business models & technologies
Digital capabilities, new business models & technologies • New digital and IT operating model launched in 2017 • Time-to-market and scalability being improved through architectural changes • Unified digital customer experience platform to launch in Q2 2018 • User-experience, innovation and smart dat
Slide 12: Priorities 2018
Priorities 2018 • Realise digital strategy • Customer satisfaction – growing the topline • Continue push for efficiency improvements • Improve performance of Passenger business unit • Further improvement of challenged activities in Logistics • Preparing for delivery beginning 2019 of two freight shi
Slide 13: as AER ae ‘ ae
as AER ae ‘ ae