Tallink Grupp As · OMXTSE:TAL1T
Tallink Grupp As — AS Tallink Grupp — Q1 2025 Earnings Presentation
16 slides from Tallink Grupp As's earnings presentation, April 2025
Slide 1: Q1 2025 AS Tallink Grupp
Q1 2025 AS Tallink Grupp April 2025
Slide 2: Presenters
Presenters PAAVO NÕGENE MARGUS SCHULTS CHAIRMAN OF THE MANAGEMENT MEMBER OF THE MANAGEMENT BOARD BOARD 2
Slide 3: Key facts about Tallink Grupp
Tallink Grupp KEY FACTS ABOUT TALLINK GRUPP as at end of Q1 2025 The leading European provider of 14 vessels 5 regular routes leisure and business travel and sea 12 passenger vessels on the Baltic Sea 2 cargo vessels transportation services in the Baltic Sea region. 2 vessels in charter 3.4 million
Slide 4: Fleet by routes and chartered vessels end of Q1 2025
Fleet by routes and chartered vessels end of Q1 2025 Tallinn - Helsinki Helsinki - Stockholm Chartered In lay-up Megastar Silja Symphony Galaxy I Romantika Vessel type High-speed ro-pax Vessel type Cruise ferry Built/renovated 2017 Vessel type Cruise ferry Vessel type Cruise ferry Built/renovated 19
Slide 5: Q1 2025 revenues
Q1 2025 revenues Selected Key Figures • Revenue EUR 137.3m (EUR -23.1m or -14.4% vs LY) Q1 2024 Q1 2025(1) Change (financials in million euros) — Dry docking of two cruise ferries from Finland-Sweden Number of passengers 1,102,738 970,359 -12.0% routes, Silja Serenade and Baltic Princess, in total o
Slide 6: Sales & results by geographical segments Q1 2025
Sales & results by SEGMENT SALES (in million euros) geographical 200 160 6 -8.4 -1.6 -6.7 segments Q1 2025 160 -6.6 0.2 137 120 80 ESTONIA-FINLAND The segment reflects operations of two shuttle vessels – 40 MyStar and Megastar and the cruise ferry Victoria I. 0 ESTONIA-SWEDEN Q1 Estonia Estonia Finl
Slide 7: Sales by operational segments Q1 2025
Sales by Cargo REVENUE STRUCTURE Q1 2025(1) operational 14% Accommodation 2% segments Q1 2025 Restaurant & shop sales 49% Charter 8% Other 2% • As at the end of Q1 2025 a total of 2 Ticket sales 25% vessels on charter, compared to 4 vessels in Q1 2024 • Revenues impacted by dry docking of two REVENU
Slide 8: Dynamics of seasonality
Dynamics of seasonality Passengers (millions) Cargo (th. units) 9.8 500 10 410 2.3 400 380 360 369 8 324 96 5.7 94 303 5.5 5.6 300 82 101 6 3.0 76 65 Q4 102 3.7 1.3 1.3 1.3 93 92 91 4 200 76 67 Q3 3.0 1.9 1.8 1.7 109 2.7 100 87 1.3 1.1 92 85 87 Q2 2 1.6 1.5 1.5 1.0 100 58 1.9 1.1 93 100 102 1.6 1.0
Slide 9: Dynamics of seasonality: quarterly net result
Dynamics of seasonality Quarterly net result (in million euros) 2019 … 2022 2023 2024 2025(1) net profit 50M€ net profit 14M€ net profit 79M€ net profit 40M€ net loss 33M€ 70 50 30 55 49 38 33 37 10 15 17 6 2 3 5 -5 -5 -10 -25 -33 -40 -30 -50 Notes: (1) 2025 unaudited Most of profits are typically e
Slide 10: Consolidated income statement
Consolidated income statement In million euros 2023 2024 Q1 2024 Q1 2025(2) Sales 835 786 160 137 Cost of sales (1) -631 -632 -147 -142 Marketing & administrative cost (1) -95 -97 -23 -23 Other operating items, net 4 21 19 1 Result from operating activities 113 77 10 -27 EBITDA 215 175 34 -4 EBITDA
Slide 11: Consolidated cash flow statement
Consolidated cash flow statement In million euros 2023 2024 Q1 2024 Q1 2025(1) Operating cash flow 203 158 17 -9 Capital expenditure -28 -22 -6 -13 Asset disposal 1 25 24 0 Interest received 1 1 0 0 Free cash flow 177 162 35 -22 Debt financing (net effect) -213 -106 -21 25 Interests & other financia
Slide 12: Consolidated statement of financial position
Consolidated statement of financial position In million euros 31.12.2023 31.12.2024 31.03.2025(2) 31.03.2025(2) Total assets 1,555 1,463 1,471 Cash Intangibles Non-current assets 1,432 1,356 1,350 1400 Other Current assets 123 108 121 Other liabilities assets - of which cash 42 19 16 Total liabiliti
Slide 13: Loan portfolio structure
Loan portfolio structure LONG-TERM BANK LOANS 700 84.2 90 16 80 600 • EUR 454 million as at 31 March 2025 70 • 3 loan agreements outstanding: syndicated 500 loan and two ship building loans 60 • Maturing 4 – 10 years 400 746 50 • EUR denominated, fixed and EURIBOR floating 663 40 300 587 555 476 469
Slide 14: Annual General Meeting of Shareholders to be held on 20 May 2025
Annual General Meeting of Shareholders to be held on 20 May 2025 at 11 am at the Conference centre of Tallink SPA and Conference Hotel
Slide 15: Q&A Paavo Nõgene
Q&A PAAVO NÕGENE CHAIRMAN OF THE MANAGEMENT BOARD 15
Slide 16: a a ee ;
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