Tallinna Sadam AS · OMXTSE:TSM1T
Tallinna Sadam AS — Q2 2019 Earnings Presentation
12 slides from Tallinna Sadam AS's earnings presentation, Aug 14, 2019
Slide 1: Results of 2019: Q2 and 6 months
Results of 2019 Q2 and 6 months Webinar 14.08.2019
Slide 2: Presenters
Presenters Valdo Kalm Marko Raid CEO CFO Chairman of the Management Board Member of the Management Board
Slide 3: Highlights of Q2 2019 (1/2)
Highlights (1/2) of Q2 2019 • First public General Meeting of shareholders was held in 14.05.2019 • Dividend payment on 04.06.2019 (EUR 0.134 per share) • New RO-PAX ship on Muuga-Vuosaari line by Eckerö and start of PAX service by Eckerö and Tallink • Growth in cargo volume, strong growth in dry bu
Slide 4: Highlights of Q2 2019 (2/2)
Highlights (2/2) of Q2 2019 • Proceedings were started on SLK and Väinamere Liinid 24 mEUR claim against TS Laevad and TS Shipping • Proceedings were started on Coal Terminal 22 mEUR claim against Tallinna Sadam • Increased investments for passenger terminal D, dredging in Paldiski South harbour and
Slide 5: Trends by business segments in Q2 2019
Trends by business segments in Q2 2019 • Passengers – PAX numbers recovering from Q1 docks • Cargo – recovery in liquid bulk volumes, growth in dry bulk • Ferry – additional ferry for summer on Saaremaa route (as in 2018) • Other segment – MV Botnica ice management charter in Baffin island (as in 20
Slide 6: Cargo Volume by cargo type
Cargo Volume by cargo type 6 12,0 Q2 +4,3% 6M 5,3 -0,8% 5,0 0,2 10,1 10,0 5 0,2 10,0 0,3 0,5 0,4 0,5 1,0 0,9 4 0,9 1,1 8,0 1,8 2,0 Million tons Million tons 3 6,0 1,4 1,4 2,7 2,7 2 4,0 1 2,1 2,1 2,0 4,3 4,0 0 0,0 2018 Q2 2019 Q2 2018 6M 2019 6M Liquid bulk Ro-Ro Dry bulk Containers General cargo
Slide 7: Number of Passengers by routes
Number of Passengers by routes 3500 6000 Q2 +0,1% 6M -2,7% 3000 2903 2907 4827 5000 4697 244 241 23 15 244 34 241 43 2500 29 275 265 25 491 416 31 28 4000 Thousand PAX Thousand PAX 2000 2 3000 2 1500 2340 2353 2000 4026 3968 1000 1000 500 0 0 Q2 2018 Q2 2019 6M 2018 6M 2019 Tallinn-Helsinki Tallinn-
Slide 8: Results of the Group
Results of the Group Strong recovery in Q2 In thousands Q2 2018 Q2 2019 +/- 6M 2018 6M 2019 +/- Revenue 32 752 32 823 0.2% 62 166 61 350 -1.3% Adjusted EBITDA 18 092 18 837 4.1% 35 695 35 706 0.0% Adjusted EBITDA margin 55.2% 57.4% 2.2 57.4% 58.2% 0.8 Operating profit 12 611 13 273 5.2% 24 950 24 73
Slide 9: Cash Flow and Financial Position
Cash Flow and Financial Position Cash Flow statement Financial position 700 In thousands 6M 2018 6M 2019 600 Cash from operating activities 38 711 31 484 500 368 351 Cash used in investing 400 -6 291 -10 159 activities 573 572 300 Free cash flow (FCF) 32 420 21 325 42 48 200 Cash from/used in financ
Slide 10: Results on segment level
Results on segment level (in million EUR) Q2 6 months Passenger H 14,1 Passenger H 22,3 14,2 23,1 Cargo H 10,0 Cargo H 20,0 10,0 20,5 Ferry 7,9 Ferry 14,8 7,8 14,4 Other 0,8 Other 4,3 0,8 4,2 -5 0 5 10 15 0 5 10 15 20 25 Revenue 2019 Revenue 2018 Adjusted EBITDA 2019 Adjusted EBITDA 2018
Slide 11: Questions?
@ Questions?
Slide 12: Thank You!
Thank You! IR related questions: Marju Zirel Head of Investor Relations m.zirel@ts.ee portoftallinn.com • investor.ts.ee