Tallinna Vesi AS Class A · OMXTSE:TVE1T
Tallinna Vesi AS Class A — AS Tallinna Vesi — 9M 2014 Earnings Presentation
10 slides from Tallinna Vesi AS Class A's earnings presentation, November 2014
Slide 1: AS Tallinna Vesi Interim results 9 months ended 30th September 2014
AS Tallinna Vesi Interim results 9 months ended 30th September 2014
Slide 2: Hosted by
Hosted by Karl Brookes CEO, Member of the Management Board Riina Käi CFO, Member of the Management Board
Slide 3: The Privatisation Contract
The Privatisation Contract CA amended the PWSSA to invalidate the privatization contract CA claims privatization is illegal since 2001 SA is public law contract – current tariffs remain in place To date no court hearing dates been announced ASTV has filed a claim for compensation of potential damage
Slide 4: Operational highlights
Operational highlights Water quality 99.77% compliance (2 210 samples taken during 9 months) Reduction in customer complaints (51 in 2014 versus 107 in 2013) Heavy metals concentration problems solved from 3rd quater 2014
Slide 5: Financial Highlights
Financial Highlights Change 9 months 9 months Change mln € Q3 2014 Q3 2013 % 2014 2013 % Sales 13,3 13,1 1,0% 39,9 39,3 1,6% Gross profit 7,9 7,4 6,2% 22,9 22,3 2,7% Gross profit - main business 7,9 7,4 7,2% 22,8 22,2 2,9% Operating profit 6,3 6,3 0,6% 18,2 18,2 0,1% Operating profit - main business
Slide 6: Water & Wastewater revenues in Q3
Water & Wastewater revenues in Q3 Revenues mln.€ Volumes mln.m3 2014 2014 2013 2013 2013
Slide 7: Total costs 9 months 2014 to 9 months 2013
Total costs 9 months 2014 to 9 months 2013 9 months 9 months Total cost variances mln'€ Q3 2014 Q3 2013 Change % 2014 2013 Change % Total Cost of Goods Sold (incl.) 5,3 5,7 -5,8% 17,0 17,0 0,1% Chemicals 0,4 0,5 -6,7% 1,3 1,3 -1,3% Electricity 0,7 0,8 -6,7% 2,3 2,6 -10,8% Pollution tax 0,2 0,5 -59,3
Slide 8: Cash position
Thousands 0,0 5,0 10,0 15,0 20,0 25,0 30,0 35,0 40,0 45,0 CF open Q3'13 50,0 20,9 Operating 6,3 Investing 2,8 Financing 5,4 CF end Q3'13 / open Q4'13 24,6 Cash position Operating 8,2 Investing 0,1 Financing 0,9 CF end Q4'13 / open Q1'14 31,8 Operating 7,0 Investing 0,1 Financing 0,7 CF end Q1'14 / o
Slide 9: Thank You!
Thank You! Regulatory & political questions Karl Brookes Karl.Brookes@tvesi.ee IR & financial questions Riina Käi riina.kai@tvesi.ee Operational questions Aleksandr Timofejev aleksandr.timofejev@tvesi.ee Company ph., +372 62 62 200, E-mail tvesi@tvesi.ee
Slide 10: Webinar microphone instructions
a) During the presentation the microphone rights are disabled for the participants. b) Microphone icon will appear after the presentation. c) Each participant who wants to speak, has to activate his/her microphone himself/herself: d) If microphone icon is green, then it is active. e) Microphone volu