Tallink Grupp As · OMXTSE:TAL1T
Tallink Grupp As — AS Tallink Grupp — Q2 2023 Earnings Presentation
16 slides from Tallink Grupp As's earnings presentation, 2023
Slide 1: Q2 2023 AS Tallink Grupp Results Webinar
Q2 2023 AS Tallink Grupp Results Webinar
Slide 2: Presenters
Presenters PAAVO NÕGENE HARRI HANSCHMIDT MARGUS SCHULTS CHAIRMAN OF THE MANAGEMENT BOARD MEMBER OF THE MANAGEMENT BOARD MEMBER OF THE MANAGEMENT BOARD 2
Slide 3: Tallink Grupp Overview
Tallink Grupp Overview as at 30 June 2023 The leading European provider of leisure and business travel and sea transportation services in the Baltic Sea region. Operations Key Facts YTD 2023 ✓ Fleet of 15 vessels (7 chartered out) ✓ Revenue of EUR 400.9 million ✓ Six ferry routes (1 suspended) ✓ 2.6
Slide 4: Q2 2023 Key Takeaways
Q2 2023 Key Takeaways ✓ The volume of cargo and passenger transportation was impacted by chartering of vessels and number of trips made during the quarter ✓ Seven vessels on charter including 3 on long-term and 4 on short-term ✓ All four hotels in Estonia and Latvia were up and running ✓ EBITDA of E
Slide 5: Fleet by Routes and Chartered Vessels
Fleet by Routes and Chartered Vessels as at 30 June 2023 CHARTERED Long-term Short-term (1) (1) Isabelle on long-term charter from 1 July 2023 5
Slide 6: Q2 2023 Overview
Q2 2023 Overview Selected Key Figures Q2 2022 Q2 2023(1) Change ✓ Revenue EUR 229.7m (EUR +23.6m or 11.5% vs LY) (financials in million euros) ✓ Demand for travelling driving ticket revenue Number of passengers 1,552,174 1,541,081 -0.7% Number of cargo units 109,380 85,359 -22.0% ✓ EUR 19.6m increas
Slide 7: Q2 2023 Revenue Development by Operating Segments
Q2 2023 Revenue Development by Operating Segments (in million euros) ✓ Increase in ticket sales is attributable to 250 19.6 0.2 229.7 demand for travelling 9.6 (2.7) 1.1 206.0 (2.9) ✓ Demand and re-opening of hotel in Riga is 200 driving the increase in accommodation sales ✓ High competition in carg
Slide 8: Q2 2023 Revenue Development by Geographical Segments
Q2 2023 Revenue Development by Geographical Segments (in million euros) Estonia-Finland 250 23.6 (0.7) 229,7 The segment reflects operations of three shuttle vessels – Star, MyStar and Megastar. However, the shuttle 206,0 5.1 (6.3) 1.9 vessel Star has been chartered out since 5 May 2023 200 and the
Slide 9: Dynamics of Seasonality
Dynamics of Seasonality PASSENGERS (millions) CARGO (th. units) 9.8 500 8 410 400 380 360 369 6 3.0 5.5 96 94 82 101 1.3 300 Q4 3.7 102 4 93 92 91 2.7 3.0 1.9 2.6 200 172 Q3 1.3 1.1 100 87 109 2 1.5 92 85 Q2 1.6 100 1.9 1.1 1.6 1.0 93 100 85 102 87 Q1 0 0 (1) (1) 2019 2020 2021 2022 2023 2019 2020 2
Slide 10: Dynamics of Seasonality
Dynamics of Seasonality Quarterly net result (in million euros) 2019 2020 2021 2022 2023(1) 70 net profit 50M€ net loss 108M€ net loss 57M€ net profit 14M€ net profit 28M€ 50 30 55 38 33 10 17 15 5 6 -3 -5 -10 -25 -24 -27 -24 -30 -27 -34 -40 -30 -50 Notes: Totals may not sum due to rounding (1) 2023
Slide 11: Consolidated Income Statement
Consolidated Income Statement (2) (in million euros) 2021 2022 Q2 2022 Q2 2023 Sales 477 771 206 230 Cost of sales(1) -455 -658 -181 -163 Marketing & administrative cost(1) -75 -87 -22 -24 Other operating items, net 16 11 2 0 EBITDA 58 136 29 69 Margin (%) 12.2% 17.6% 13.9% 29.8% Net Result -57 14 -
Slide 12: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement (1) (in million euros) 2021 2022 (1) Q2 2022 Q2 2023 Operating cash flow 59 144 45 84 Capital expenditure -20 -203 -9 -5 Asset disposal 1 3 3 0 Free cash flow 40 -56 38 80 Debt financing (net effect) 45 69 -44 -110 Interests & other financial items -20 -25 -5 -9 Incr
Slide 13: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position 1750 (2) (in million euros) 31.12.2021 30.06.2022 31.12.2022 30.06.2023 Cash Other Intangibles liabilities Total assets 1,586 1,550 1,692 1,614 Other 1400 assets Non-current assets 1,383 1,356 1,496 1,465 Share- Current assets 203 195 196 148 holders’ equ
Slide 14: Loan Portfolio Structure
Loan Portfolio Structure Long-term bank loans 900 90 84.2 ✓ EUR 621 million as at 30 June 2023 800 80 ✓ 7 loan agreements outstanding: syndicated 700 70 loans, amortizing project and working capital 600 16 60 loans 500 50 ✓ Maturities 5 months – 11 years 400 40 746 ✓ EUR denominated, fixed and EURIB
Slide 15: Q & A
Q&A PAAVO NÕGENE CHAIRMAN OF THE MANAGEMENT BOARD 15
Slide 16: Thank You
THANK YOU AS Tallink Grupp Sadama 5, 10111, Tallinn, Estonia www.tallink.com/investors investor@tallink.ee 16