Slide 1: Investor Presentation
E RN ST RUS S AG Investor Presentation Annual Report 2024 // 25 March 2025
Slide 2: Foreword
ERNST RUSS AG INVESTOR PRESENTATION Foreword Before turning to our annual report presentation, we would like to extend our deepest sympathy to our crew and their families following the collision involving the MV SOLONG, and especially the family of the crewmember that went missing in the incident an
Slide 3: Content
ERNST RUSS AG INVESTOR PRESENTATION Content 1 Ernst Russ at a glance 2 FY 2024 3 Market Update 4 Company Update
Slide 4: Ernst Russ at a glance
ERNST RUSS AG INVESTOR PRESENTATION Ernst Russ at a glance EBIT and EBITDA ≈ USD 477 m $ Market value fleet 31.12.2024 29 Vessels 31.12.2024 EBIT in EUR m EBITDA in EUR m 122 117 75.0 % 16.4 years € 90 87 93 Equity ratio 68 ∅ Age 31.12.2024 31.12.2024 30 38 4 11 2020 2021 2022 2023 2024 186 % 790,61
Slide 5: FY 2024
ERNST RUSS AG INVESTOR PRESENTATION Content 1 Ernst Russ at a glance 2 FY 2024 3 Market Update 4 Company Update
Slide 6: Overview 2024
ERNST RUSS AG INVESTOR PRESENTATION Overview 2024 Key Developments Geopolitical Impact: Ongoing conflicts and the Red Sea closure disrupted global shipping. Market: Stronger-than-expected demand, in addition to geopolitical factors, boosted the container market. Financial Performance: Revenue totall
Slide 7: Key Performance Indicators 2024
ERNST RUSS AG INVESTOR PRESENTATION Key Performance Indicators 2024 EBITDA- EBIT and EBITDA margin Decline mainly due Revenue vs. OPEX* Decline mainly due to to lower charter lower charter rates 117 53.9 % rates 203 173 87 93 Trading days 68 EBITDA- and EBIT- decreased from margin still on a 10,522
Slide 8: Balance Sheet 2024
ERNST RUSS AG INVESTOR PRESENTATION Balance Sheet 2024 Assets ∑ 340.3 ∑ 355.0 EUR m Highlights 226.9 Strong capitalization for future 251.8 growth Vessels* 3.0 3.2 Financial assets Robust balance sheet with equity 67.3 110.7 Liquidity ratio of 75.0% (Adj.**: 86.7%) Other assets 18.0 14.4 31.12.2023
Slide 9: Cashflow and Net Income 2024
ERNST RUSS AG INVESTOR PRESENTATION Cashflow and Net Income 2024 Cashflow Net Income EUR m EUR m Liquidity 31.12.2023 67.3 EBIT 67.7 Cashflow from Non-operating operating 98.5 result 2.8 activities Cashflow from Net interest and investing 6.5 investment 3.0 activities income Cashflow from financing
Slide 10: Ernst Russ Journey and Performance
ERNST RUSS AG INVESTOR PRESENTATION Ernst Russ Journey and Performance Revenue in EUR m EBITDA [adjusted]* in EUR m 192 203 173 93 94 101 91 56 39 11 2020 2021 2022 2023 2024 Avg. Number of vessls 14 18 29 30 29 Average charter rate p.d. in USD OPEX p.d. in USD** 19,057 20,091 15,038 17,457 8,662 6,
Slide 11: Market Update
ERNST RUSS AG INVESTOR PRESENTATION Content 1 Ernst Russ at a glance 2 FY 2024 3 Market Update 4 Company Update
Slide 12: Container Shipping - Supply
ERNST RUSS AG INVESTOR PRESENTATION Container Shipping - Supply Global container fleet and orderbook* Age structure global container fleet* Comments: 25+ years 500 - 3,292 20-24 years 2,999 <5Jahre 4.1% General: High orderbook to fleet 124 9.8% TEU 23.6% ratio after years of record ordering. Continu
Slide 13: Container Shipping – Charter Market
ERNST RUSS AG INVESTOR PRESENTATION Container Shipping – Charter Market Development of freight and charter rates Market Overview: 6000 Geopolitical Impact: Ongoing conflicts and the Red Sea closure disrupted global 5000 shipping, leading to tonmile increase. Market Shift: Stronger-than-expected 4000
Slide 14: Company Update
ERNST RUSS AG INVESTOR PRESENTATION Content 1 Ernst Russ at a glance 2 FY 2024 3 Market Update 4 Company Update
Slide 15: Ernst Russ – Roadmap 2025
ERNST RUSS AG INVESTOR PRESENTATION Ernst Russ – Roadmap 2025 Increase the visibility Reduce Minority interests Generate of the share in the fleet sustainable profitability We intend to ramp-up Investor Relations measures We work on a combination of divestments and We thrive to generate attractive r
Slide 16: Share and Investor Relations
ERNST RUSS AG INVESTOR PRESENTATION Share and Investor Relations Research Coverage Quirin Research („Buy“, target price EUR 7.30*) Extension of Research planned for Q1/Q2 2025 Investor Conferences 33,689,311 1.26 EUR EUR 199.4 m EUR 0.20 31.03.2025 Quirin Champions Conference, Frankfurt Number Earni
Slide 17: Forecast and strategic focus for 2025
ERNST RUSS AG INVESTOR PRESENTATION Forecast and strategic focus for 2025 Strategic focus for 2025 EUR 147-167 m 95 % Revenue Utilization Increase investor relations activities and visibility of the share Thereof contracted: EUR 136,8 m Reduce the minority interests in the fleet to reduce complexity
Slide 18: Disclaimer
ERNST RUSS AG INVESTOR PRESENTATION Disclaimer This presentation has been prepared by Ernst Russ AG („Company“) and comprises the written materials/slides for a presentation concerning the Company. By attending this presentation and / or reviewing the slides you agree to be bound by the following co
Slide 19: Ernst Russ AG
E RN ST RUS S AG Ernst Russ AG Elbchaussee 370 22609 Hamburg Germany Picture title and back: Adobe Stock © Mariusz ir@ernst-russ.de | +49 40 8888 1 1800