Irish Continental Group Plc · EURONEXT:IR5B
Irish Continental — FY2008 Earnings Presentation
34 slides from Irish Continental's earnings presentation, 2009
Slide 1: Irish Continental Group plc 2008 Results Presentation
IRISH CONTINENTAL GROUP lrish Continental Group plc 2008 Results Presentation
Slide 2: ICG Profile
is | + G P rofi le IRISH CONTINENTAL GROUP . . Capital 1. Irish Ferries Employed ® Leading ferry company operating between UK/ Continent and Republic of Ireland (ROI) ® Strong infrastructural franchise on short sea shipping routes between ROI and UK with a market share of circa 50% 2. Ship Charterin
Slide 3: ICG Group Results
ICG = G rou p Resu Its IRISH ConMnERTAS GROUP Turnover €342.9 €355.8m -3.6% EBITDA €66.0 €80.2m -17.7% Profit From Operations €41.8 €50.1m -16.6% Non Trading Items - €(10.1)m Adjusted EPS* 148.9c 178.6c -16.6% Underlying EPS** 164.7c 203.3c -18.9% Basic EPS 164.7c 160.9c +2. 4% Redemption per Unit (
Slide 4: Redemptions
IRISH CONTINENTAL GROUP = Redemptions * No redemptions during 2007 due to offers for Company * Redemption of 100 cent paid in April 2008 (€24.5m) ° Deferral of decision on redemption for financial year 2008
Slide 5: ICG Cash Flow
Fe | CG Cas h F | OW IRISH Contras GROUP EBITDA 66.0 Working Capital Movement / Offer (6.7) Operating Cash Flow 59.3 Interest (2.7) Tax (3.9) Capex (8.4) Asset Sales 13.1 0.1 Share Issue 0.7 8.1 Dividends/Redemptions (24.5) on Net Flows 33.6 28.6 Opening Debt (84.5) (113.8) Translation 2.2 0.7 Closi
Slide 6: une
as une IRISH CONTINENTAL GROUP Oscar Wilde DFT terminal Dublin Maintenance capex
Slide 7: ICG Fuel Costs
| CG F U el Co sts IRISH Conteenwtat GrRouP he en ae aoe 2006 | Consumption (000 tons) Heavy Fuel Oil 104.9 101.5 96.7 Marine Diesel 14.7 15.3 15.1 119.6 116.8 111.8 Price (€ per ton) Heavy Fuel Oil €385 €279 €258 Marine Diesel €684 €465 €454 €51m €36m €33m * Fuel costs substantially lower in late 2
Slide 8: Ferries Division
os Ferries Division IRISH ContINENTAL GROUP = Irish Ferries lyrishCerries & Com The Low Fares Ferry Company * 4100 sailings - UK ° 300 sailings - France = Ship Chartering °® 2 Ferries on charter to P&O firm to 2010
Slide 9: Ferries Division
Ferries Division IRISH CONTINENTAL GROUP Turnover 183.1 197.9 -7.5% EBITDA 56.1 68.0 -17.5% Depreciation/Amortisation (21.2) (27.1) -21.8% Operating Profit 34.9 40.9 -14.7% * Fuel costs up 37% to €30.3m * Fuel costs lower in late 2008 and early 2009 to date * Benefits from outsourced crewing
Slide 10: Irish Ferries Routes
| ris h Fe rri es Ro utes IRISH CONTINENTAL GROUP
Slide 11: Irish Ferries - Fleet
as lrish Ferries = Fleet IRISH Contrantrnie Group a GT 50,900 tons PAX 1875 Cars 1342 oe a TRISR FERRIES = sass - moma Lane Metres 4.1km aie i Speed 22 knots GT 6,000 tons PAX 800 Cars 200 Speed 39 knots
Slide 12: Irish Ferries - Fleet
lrish Ferries - Fleet lala £ LATOR MaAFS Isle of Inishmore Geennstaes SORBET EERE Wit i a ‘Oscar Wilde enemas 3 IRISH CONTINENTAL GROUP GT 34,000 tons PAX 2200 Cars 855 Lane Metres 2.1km Speed 21.5 knots GT 32,000 tons PAX 1458 Beds 1376 Cars 580 Lane Metres 1.2km Speed 21.5 knots
Slide 13: Passenger Market
Passenger M a rket IRISH conn ns GROUP CAGR Irish Ferries -6% -1% -3% Republic of Ireland -6% -3% -4% All Ireland -7% -2% -4%
Slide 14: Cars Market
te Ca rs M a rket IRISH Contant GROUP CAGR lrish Ferries -7% +1% -7% Republic of Ireland -T% -1% -3% All Ireland -6% -1% =2%
Slide 15: Market Share - Cars
M a rket S ha re = Ca rs IRISH con son Group Republic of Ireland — UK & France | 0 Others @ Irish Ferries
Slide 16: Distribution
13 D | Str b U ti O a IRISH CONTINENTAL GROUP rish¢erries 2 Cony > Home | >Routes & Times Fares & Offers > OurShips »NeedHelp? > Package Holidays The Low Fares Ferry Company. = Ireland +> Britain France 7: Ireland fron fitair fr feland Rotriran eland ices between Ireland and France Internet Call Cen
Slide 17: Ro Ro Market
Ro Ro M a rket IRISH son Ens GROUP CAGR lrish Ferries -9% 5% 4% Republic of Ireland -4% 3% 4% All Ireland -4% 1% 2%
Slide 18: Market Share - Ro Ro
<< M a rket S h a re a Ro Ro IRISH conthecnrat GROUP Republic of Ireland — UK & France OC Others @ Irish Ferries
Slide 19: Ro Ro Capacity
ree Ro Ro Ca pacity IRISH CONTINENTAL GROUP Central & Southern Corridors ( incl. Warrenpoint ) Central Corridor F’cast Heysham ( Seatruck / Norfolk ) 190 210 11% Liverpool ( P&O / Seatruck / Norfolk ) 500 550 10% Holyhead ( Irish Ferries / Stena) 820 860 5% Southern Corridor Pembroke / Fishguard / (
Slide 20: Irish Ferries Revenue Mix '07
ey INENTAL GROUP lrish Ferries Revenue MIX ‘O07 trisi conr On Board Sales 9% Foot Passengers 5% Freight 43% oN Holidays 2%
Slide 21: Irish Ferries Revenue Mix '08
lrish Ferries Revenue Mix ‘08 _ tass continewra: Group On Board Sales 10% Foot Passengers 5% Holidays 1%
Slide 22: Irish Ferries Cost '07
lrish Ferries Cost ‘07 Promotion/Marketing 8% Depreciation 7% Repairs/Insurance 13% oo Port Costs 22%
Slide 23: Irish Ferries Cost '08
lrish Ferries Cost ‘08 wes come cao Promotion/Marketing 9% Overhead/Other 7% Depreciation 8% Repairs/Insurance 9% > >
Slide 24: New Vessel
N eCW Vessel IRISH CONTINENTAL GROUP : Oscar Wilde aid ch lreland / France routes 2008 Major quality upgrade — Cruise standard Increased Freight capacity €51 million investment including modifications
Slide 25: PAX
GT PAX Beds Cars Lane Metres Speed GT PAX Beds Cars Lane Metres Speed Fate IRISH CONTINENTAL GROUP 37,500 tons 2500 2447 580 1km 22 knots 22,300 tons 1650 274 600 1.7km 19 knots
Slide 26: Ship Chartering
S h | p C h a rte rl Nn g IRISH CONTINENTAL GROUP = Pride of Bilbao and Kaitaki on charter to 2010. P&O has options to renew to 2013 =» Charter Income 2006 €10.8m 2007 €9.0m* 2008 €7.5m 2009 €7.5m** * Excludes short term charter of Oscar Wilde to Color Line ** 2009 charter rates equal to 2008
Slide 27: Container Division
0 » a @ <s Container Division IRISH contra GROUP Turnover 161.1 157.9 +2% EBITDA 9.9 12.2 -18.9% Depreciation/Amortisation (3.0) (3.0) -% Operating Profit 6.9 9.2 -25.0% * Fuel costs up €7m to €21m (50%) in 2008 * Fuel costs lower in early 2009 ® Ship charter costs reducing in 2009 ° Flexible charte
Slide 28: Operations
ase Ope rations IRISH Contra GROUP ™ Container Routes ° Ireland / Continent - Door to Door plus Quay to Quay * UK/ Continent - Quay to Quay container movement = Port Terminals ® DFT Terminal in Dublin - €30m expansion, 2008 — 2009 * BCT Terminal in Belfast - 2007 first full year 5 “x EA Covn | Fares
Slide 29: Container Routes
Container Routes
Slide 30: Container Routes
Co Nn ta | N e r Ro U tes TRISH con ns Group O FEEDERLINK Feederlink Shipping & Trading B.V. FEEDERLINK
Slide 31: Container Terminals
5 Container Terminals | 4.3 Million Teu market in 2008 PO" Terminal (OFT) f *150 year lease of 33 acres from 1972 ® Direct access to new Port Tunnel i pr r * 480, metres of berths — 300m at 9.5m Ae and 180m at 11m depth | p \ “<< \ t ae
Slide 32: Container Terminals
Container Terminals — cone oon Gnovz ° Belfast Conraines VL A Ls
Slide 33: Container Handling
Co ntal ner IH and ling r| 7 IRISH CONTINENTAL GROUP Market Share 28% in 2008 CAGR 0% 12% 11% All Ireland -10% 2% 4%
Slide 34: Outlook
Fata © U tl OO k IRISH cont wan GROUP 2009 - Challenging trading environment Additional DFT capacity at Dublin Port in 2010 Unhedged on fuel, benefiting from lower fuel costs Lower container ship chartering costs / flexible terms No major capex required Low cost base (outsourced crewing) Continuing
Irish Continental Group — FY2008 Earnings Presentation on 6ix