Tallink Grupp AS · OMXTSE:TAL1T
Tallink Grupp AS — AS Tallink Grupp — Investor Presentation (August 2012)
21 slides from Tallink Grupp AS's investor presentation, August 2012
Slide 1: Company presentation 2012 August
Company presentation 2012 August
Slide 2: Tallink
Tallink Tallink is the leading European provider of leisure and business travel and sea transportation services in the Baltic Sea Fleet of 18 vessels Operating five hotels Revenue EUR 908 million EUR 1.8 billion asset base 6 651 employees Over 9 million passengers annually Over 280 thousand cargo un
Slide 3: Tallink business model
Tallink business model Product offering 1-2 overnight cruises & passenger transportation Conferences Revenue structure (2011 January-December) 49,6% 24,9% On-board Tax-Free Shopping City break Hotel & travel packages Cargo Transportation 43,3% 12,4% 26,1% 3
Slide 4: Cruise ferry
Cruise ferry 927 cabins, 2800 passengers Buffet Nightclub Tango lounge Conference Sauna Shops, pubs, restaurants Car deck Show bar 4
Slide 5: Tallink's passenger market share is 48% of the Northern Baltic Sea
Tallink’s passenger market share is 48% of the Northern Baltic Sea Revenue by routes (908 MEUR) Passengers RUS Northern Baltic passenger market LIT Other 20 5% 19 million passengers LAT 8% 2% 18 Other 3% 16 Eckerö 14 Finnish Viking 12 line Estonian 48% 10 9.1 million passengers 19% 8 6 Swedish Talli
Slide 6: Market shares
Market shares Passenger operations Est - Fin / Tallinn - Helsinki 3% 5% 6% 5% 5% 6% 6% 7% 7% 5% 5% 4% 7% 8% 7% 7% 14% 13% 13% 21% 19% 13% 10% 19% 20% 19% 18% 20% 25% 13% 15% 15% 25% 24% 10% 10% 10% 25% 12% 11% 14% 15% On Estonia-Sweden & 12% 22% Latvia-Sweden routes 22% 19% 19% 23% 22% 22% 20% 15% 1
Slide 7: Highlights and milestones
Highlights and milestones Finland-Sweden OPERATIONS Riga-Stockholm St. Petersburg Finland-Germany Estonia-Sweden Estonia-Finland Hotel operations Newbuilt vessels € 1020 m Silja Line Baltic Queen Acquisitions € 780 m Superfast ferries SuperstarBaltic Princess Private Placement IPO Star Galaxy Victor
Slide 8: Tallink's position in the global ferry market
Tallink´s position in the global ferry market The World's top Duty free & Travel Retail Shops 2010 Ranking by actual and estimated retail sales in US$ millions. Ferry operator by gross tons Rank Company Gross tons Rank Location Remarks 1 Stena Line 826 323 Sales> US$ 1,000.0 million 2 Grimaldi Lines
Slide 9: Strategic plan
Strategic plan Tallink’s vision is to be the market pioneer in Europe by offering excellence in leisure and business travel and sea transportation services Long term objectives toward increasing the company value and profitability: - Strive for the highest level of customer satisfaction - Increase v
Slide 10: Results
Results quarterly seasonality breakdown Q4 Q3 Q2 Q1 Sep - Aug Jan - Dec Sep - Aug Jan - Dec Sep - Aug Jan - Dec Sep - Aug Jan - Dec 10
Slide 11: The dynamics of high seasonality on the profit level
The dynamics of high seasonality on the profit level Net result by quarters EUR million 50 09/10 net profit 22M 2011 net profit 38M 2012 financial year 40 30 42 40 20 10 20 14 1 0 -3 -1 -16 -10 -17 -19 -20 -30 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Typical to the Tallink business model is that the resu
Slide 12: Passengers, revenue and result by segments 2011
Passengers, revenue and result by segments 12 months 2011 400 4.4 Passengers in millions Revenue and result in EUR millions 350 3.4 300 250 2.4 200 4.3 366.4 150 283.1 3.2 1.4 100 Operations discontinued 108.7 since August 2011 50 84.7 0.9 0.4 0.7 63.6 69.5 33.6 12.2 12.2 0.0 16.4 0 -8.0 -1.7 Finlan
Slide 13: Consolidated Income Statement
Consolidated Income Statement 2009/2010 2011(2) 2011 2012 (in EUR million) 6 months 6 months Sales 814 908 421 439 Cost of sales (1) (646) (715) (337) (363) Marketing, general & admin (1) (94) (101) (50) (55) EBITDA 145 163 53 56 Margin (%) 17.8% 17.9% 11.9% 12.1% Net Profit 22 38 (3.5) 1 EPS 0.03 0
Slide 14: Costs breakdown
Costs breakdown 2010(2) 2011(2) Jan-Dec Jan-Dec share % share % Cost of goods 22% -176 761 22% -195 294 Staff costs 15% -120 731 15% -127 439 Marketing & Admin (1) 11% -88 052 11% -93 345 Port & stevedoring costs 12% -95 562 10% -90 320 Fuel cost 14% -118 026 16% -141 075 Ship operating expenses 8%
Slide 15: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement 2011 2012 (in EUR million) 2009/2010 2011 (1) 6 months 6 months Operating cash flow 164 160 53 60 Capital expenditure (6) (9) (5) (4) Asset disposal 7 0 0 0 Free cash flow 165 151 48 56 Debt financing (107) (76) (13) (59) Equity financing 0 0 0 0 Interests & other fi
Slide 16: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position (in EUR million) 31.08.2009 31.08.2010 31.12.2011 31.06.2012 Total assets 1,947 1,871 1,800 1,761 Non-current assets 1,815 1,741 1,657 1,625 Current assets 132 130 143 136 - of which cash - 50 57 75 52 Total liabilities 1,304 1,203 1,094 1,055 Interest be
Slide 17: Age of fleet
Age of fleet Tallink Grupp ships age (value-weighted average): Tallink + Silja core fleet – 8.6 years Superfast fleet – 9.6 years Ships out of core operations and cargo vessels – 22.3 years World-wide ships age*: Ferries – 23.6 years Cruise – 12.3 years * - source: ShipPax Market:11 Statistics, 2011
Slide 18: Tallink's Fleet
Tallink’s Fleet Baltic Queen Victoria I Built: 2009 Built: 2004 Length 212m Length 193m Passengers: 2800 Passengers: 2500 Tallinn-Stockholm Lane meters: 1130 Tallinn-Stockholm Lane meters: 1030 Baltic Princess Superfast VII/VIII/IX Built: 2008 Built: 2001/2002 Length 212m Length 203m Passengers: 280
Slide 19: Tallink's Fleet
Tallink’s Fleet Superstar Star Built: 2008 Built: 2007 Length 177m Length 186m Passengers: 2080 Passengers: 1900 Tallinn-Helsinki Lane meters: 1930 Tallinn-Helsinki Lane meters: 2000 Silja Serenade Silja Symphony Built: 1990 Built: 1991 Length 203m Length 203m Passengers: 2852 Passengers: 2852 Helsi
Slide 20: Ownership structure
Ownership structure Shareholders of AS Tallink Grupp Ten largest shareholders on 31.08.2010 in the end of Q2 Infortar 40% ING Luxemburg S.A 10% Nordea Bank Finland PLC / non-resident legal entities 10% Citigroup Venture Capital International Jersey Ltd 7% Skandinaviska Enskilda Banken AB Clients (Ea
Slide 21: Safety, security and environmental protection are a high priority
Safety, security and environmental protection are a high priority Safety and Security Policy Environmental Policy ISO 14001:2004 Environmental Certificate by Lloyds Register MARPOL Sewage Pollution Prevention Certificate MARPOL Air Pollution Prevention Certificate International Anti-Fouling System C
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