Tallinna Vesi As Class A · OMXTSE:TVE1T
Tallinna Vesi As Class A — AS Tallinna Vesi — FY2014 Earnings Presentation
9 slides from Tallinna Vesi As Class A's earnings presentation, February 2015
Slide 1: AS Tallinna Vesi Interim results 12 months ended 31st December 2014
AS Tallinna Vesi Interim results 12 months ended 31st December 2014
Slide 2: Hosted by
Hosted by Karl Brookes CEO, Member of the Management Board Riina Käi CFO, Member of the Management Board
Slide 3: The Privatisation Contract
The Privatisation Contract PWSSA was amended to invalidate the privatization contract CA claims privatization is illegal since 2001 SA is public law contract – current tariffs remain in place ASTV has filed a claim for compensation of potential damages of over 90 million euros from the CA ASTV SC ha
Slide 4: Operational highlights
Operational highlights Water quality 99.80% compliance from the 2,496 samples taken Leakage rate for 2014 was 16.14%, against a target of 17.5% Reduction in customer complaints (76 in 2014 versus 118 in 2013) Heavy metals concentration problems solved from 3rd quarter 2014
Slide 5: Financial Highlights mln €
Financial Highlights Change 12 months 12 months Change Change mln € Q4 2014 Q4 2013 % 2014 2013 € % Sales 13,3 13,8 -3,4% 53,2 53,1 0,2 0,3% Gross profit 7,9 8,3 -4,2% 30,8 30,6 0,3 0,9% Gross profit - main business 7,9 8,2 -3,9% 30,7 30,4 0,3 1,0% Operating profit 6,6 6,6 0,8% 24,8 24,8 0,1 0,3% Op
Slide 6: Water & Wastewater revenues in Q4
Water & Wastewater revenues in Q4 Revenues mln.€ Volumes mln.m3 2014 2014 2013 2013
Slide 7: Total costs 12 months 2014 to 12 months 2013
Total costs 12 months 2014 to 12 months 2013 Change 12 months 12 months Change Total cost variances mln'€ Q4 2014 Q4 2013 % 2014 2013 % Total Cost of Goods Sold (incl.) 5,4 5,5 -2,2% 22,4 22,5 -0,5% Chemicals 0,4 0,4 4,7% 1,7 1,7 0,2% Electricity 0,7 0,8 -10,0% 3,0 3,4 -10,6% Pollution tax 0,3 0,1 4
Slide 8: Cash position
Thousands 0,0 5,0 10,0 15,0 20,0 25,0 30,0 35,0 40,0 45,0 50,0 &ŽƉĞŶYϰΖϭϯ 24,6 KƉĞƌĂƚŝŶŐ 8,2 /ŶǀĞƐƚŝŶŐ 0,1 &ŝŶĂŶĐŝŶŐ 0,9 &ĞŶĚYϰΖϭϯͬŽƉĞŶYϭΖϭϰ 31,8 Cash position KƉĞƌĂƚŝŶŐ 7,0 /ŶǀĞƐƚŝŶŐ 0,1 &ŝŶĂŶĐŝŶŐ 0,7 &ĞŶĚYϭΖϭϰͬŽƉĞŶYϮΖϭϰ 38,2 KƉĞƌĂƚŝŶŐ 6,9 /ŶǀĞƐƚŝŶŐ 0,9 &ŝŶĂŶĐŝŶŐ 19,4 &ĞŶĚYϮΖϭϰͬŽƉĞŶYϯΖϭϰ 26,6 KƉĞƌĂ
Slide 9: Thank You!
Thank You! Regulatory & political questions Karl Brookes Karl.Brookes@tvesi.ee IR & financial questions Riina Käi riina.kai@tvesi.ee Operational questions Aleksandr Timofejev aleksandr.timofejev@tvesi.ee Company ph., +372 62 62 200, E-mail tvesi@tvesi.ee