Slide 1: Annual Results
2S Annual ic. == 7 GEAINK ay |
Slide 2: #VitalLink
#VITALLINK 2017 KEY FIGURES OUTLOOK 1 3 2 2017 FINANCIAL RESULTS 2 2017 Annual results of Groupe Eurotunnel SE
Slide 3: 2017 Key Figures
1 2017 KEY FIGURES 3 2017 Annual results of Groupe Eurotunnel SE
Slide 4: 2017, A Year of Strong Achievements
2017 Key Figures 2017, A YEAR OF STRONG ACHIEVEMENTS EBITDA above guidance Successful +6% to €526M* Refinancing Revenues Free Cash Flow** Dividends +4%* to €1.033Bn* increased by €97M +15% to €0.30 to €236M *At 2017 exchange rate: £1 = €1.140 **Excluding ElecLink 4 2017 Annual results of Groupe Euro
Slide 5: Getlink Environmental Excellence
2017 Key Figures GETLINK ENVIRONMENTAL EXCELLENCE Carbon footprint 2M tonnes CO2 -47% vs 2006 saving/year vs. ferries/airlines 1 3 2 4 Low carbon mobility ElecLink favours energy €8M commercial incentive transition and preserves sealife from EDF in 2017/2018 5 2017 Annual results of Groupe Eurotunne
Slide 6: 2017 Financial Results
2 2017 FINANCIAL RESULTS 6 2017 Annual results of Groupe Eurotunnel SE
Slide 7: Eurotunnel: Solid Traffic + Yield Increase + Operational Efficiency
2017 Financial Results EUROTUNNEL: SOLID TRAFFIC + YIELD INCREASE + OPERATIONAL EFFICIENCY In €M 2017 Change 2016* Revenue 915 +4% 881 Shuttle Services 604 +3% 585 Railway Network 293 +4% 282 Other 18 +29% 14 Operating costs -394 +2% -386 EBITDA 521 +5% 495 % of revenue 57.0% +70bps 56.3% *Recalcula
Slide 8: Europorte: Profitable Growth
2017 Financial Results EUROPORTE: PROFITABLE GROWTH In €M 2017 Change 2016 Only profitable rail freight Revenue 118 +2% 116 operator in France Operating costs -112 -3% -116 Fret SNCF to become an independent subsidiary EBITDA 6 +€6M 0 of SNCF (no longer part of the logistic business unit). First ste
Slide 9: ElecLink: On Time + On Budget
2017 Financial Results ELECLINK: ON TIME + ON BUDGET Converter Start of operations stations construction Capex to early 2020 works started date €247M confirmed 1,000 MW Equivalent to the consumption electricity capacity of 1.65M households 9 2017 Annual results of Groupe Eurotunnel SE
Slide 10: 2017 Consolidated Income Statement
2017 Financial Results 2017 CONSOLIDATED INCOME STATEMENT In €M 2017 2016* D % 2017 vs 2016 Revenue 1,033 997 +4% Operating costs (507) (503) +1% EBITDA 526 494 +6% % of sales 50.9% 49.5% +140bp Trading profit 374 344 +9% Net Finance Costs (270) (254) +6% Net consolidated profit excluding non-recurr
Slide 11: Free Cash Flow Up €97M
2017 Financial Results FREE CASH FLOW UP €97M Free cash flow*: €236M *FCF excluding ElecLink **Forex & Other: €177M, o.w. €61M from Forex & €116M from disposal of ferries 11 2017 Annual results of Groupe Eurotunnel SE
Slide 12: Net Debt: Lower Cost + High Cash Position
2017 Financial Results NET DEBT: LOWER COST + HIGH CASH POSITION INTEREST RATE* In €M 2017 Financial liabilities (4,346) FRN held - Cash 613 Net financial debt (3,733) Net Debt / EBITDA 7.1 x 2016 2018e *Cash interest / total debt Before After 12 2017 Annual results of Groupe Eurotunnel SE
Slide 13: Dividend: Sustainable Policy
2017 Financial Results DIVIDEND: SUSTAINABLE POLICY 2017: €0.30 per share*, +25% per year a 15% increase Total amount for 2017: €165M Total amount distributed including share buy backs since 2008: €1.0Bn 2011 2012 2013 2014 2015 2016 2017 *Submitted for approval at AGM on 18 April 2018 13 2017 Annua
Slide 14: Outlook
3 OUTLOOK 14 2017 Annual results of Groupe Eurotunnel SE
Slide 15: Getlink: Strong Past Performance
Outlook GETLINK: STRONG PAST PERFORMANCE +52% Eurotunnel EBITDA* Yield Pricing power Inflation indexation Operational +31% Eurostar Traffic efficiency +25% Shuttle Traffic** Digital Smart Growing traffic Market Market share 2006 2017 *at constant exchange rate, ex MUC in 2006 ** car, truck and coach
Slide 16: Getlink: On Track for Growth
Outlook GETLINK: ON TRACK FOR GROWTH Terminal expansion 2018 AND BEYOND Flexiplus Growing Eurotunnel Shuttle traffic 2017 Amsterdam ElecLink International trade E-commerce 58% CAPACITY Market share gain UTILISATION Growing Eurostar traffic Recovery New destinations ERTMS Frankfurt Growing Eurotunnel
Slide 17: Getlink: Confidence in Future Growth
Outlook GETLINK: CONFIDENCE IN FUTURE GROWTH FINANCIAL OBJECTIVES FOR 2018 2022 HORIZON + ELECLINK EBITDA* EBITDA* €545M €700M+ DIVIDEND DIVIDEND €0.35 +€0.05 p.a. *Based on the exchange rate of £1: €1.14 and current scope of consolidation 17 2017 Annual results of Groupe Eurotunnel SE
Slide 18: #VitalLink
#\V/italLink
Slide 19: Contacts
CONTACTS Jean Baptiste Michael ROUSSILLE SCHULLER co-Head of IR Corporate Finance Director 00 33 1 40 98 04 81 co-Head of IR 00 44 1303 288 719 Jean-baptiste.roussille@getlinkgroup.com Michael.schuller@getlinkgroup.com