Y/knot S.a · ATHEX:YKNOT
Y/knot — Kiriacoulis Mediterranean Cruises Shipping — Investor Presentation (November 2005)
32 slides from Y/knot's investor presentation, Nov 9, 2005
Slide 1: Kiriacoulis
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Slide 2: Kiriacoulis Mediterranean Cruises Shipping S.A.
KIRIACOULIS ΜEDITERRANEAN CRUISES SHIPPING S.A. ESTABLISHMENT YEAR : 1986 LAW438/1976, LAW2743/1999 & LAW3182/2003 EXPLOITATION OF OWN YACHTS YEAR OF LISTING ON ATHENS EXCHANGE : 1998
Slide 3: Group Activities
GROUP ACTIVITIES YACHTS MARINAS REAL ESTATE
Slide 4: Yachts
YACHTS KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. KIRIAKULIS D.O.O. (70%) CATPRO P.Y.M.C. (50%) KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.S. CO. LTD. (100%) SARL KIRIACOULIS FRANCE (70%) SARL VENT PORTANT SARL KIRIACOULIS POINT D’AMURE KIRIACOULIS MED/NEAN YACHTING GMBH (80%)
Slide 5: Yachts: Fleet Evolution
YACHTS FLEET EVOLUTION N u m b e r o f y a c h ts A c q u is it io n c o s t 30 25 o f f le e t 200 20 15 100 10 5 0 0 1998 1999 2000 2001 2002 2003 2004 2005 NUMBER OF YACHTS (left scale) ACQUISITION COST OF FLEET (right scale)
Slide 6: Yachts: Fleet Evolution
YACHTS FLEET EVOLUTION 1998 2005 % NUMBER OF YACHTS 48 240 400% OF THE FLEET ACQUISITION COST 5,0 28,6 472% OF THE FLEET (Millions €)
Slide 7: Yachts: Average Age of Yachts
YACHTS AVERAGE AGE OF YACHTS 40 30 20 10 0 1998 1999 2000 2001 2002 2003 2004 2005 AVERAGE AGE OF YACHTS (IN MONTHS)
Slide 8: Yachts
YACHTS =| ¢ Atul a a ne t
Slide 9: Yachts
YACHTS
Slide 10: Yachts: Service Points
YACHTS SERVICE POINTS CROATIA FRANCE ITALY GREECE TURKEY
Slide 11: Benefits of Service Points
YACHTS BENEFITS OF SERVICE POINTS CHARTERING FROM DIFFERENT GEOGRAPHICAL PLACES ONE WAY TRIP FULL & 24h A DAY TECHNICAL SUPPORT
Slide 12: Marinas
MARINAS KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. GOUVIA MARINA S.A. (50%) MARINA KALAMATAS TOURISM S.A. (60%) LEFKAS MARINA S.A. (25%) ZEA MARINA S.A. (18,75%) K&G MEDITERRANEAN MARINAS MANAGEMENT (25%)
Slide 13: Gouvia Marina (Corfu)
MARINAS GOUVIA MARINA (CORFU) Floating berths: berths 960 Dry berths: 520
Slide 14: Kalamata Marina
MARINAS KALAMATA MARINA Floating berths : 250 Dry berths : 150
Slide 15: Lefkas Marina
MARINAS LEFKAS MARINA Floating berths : 620 Dry berths : 278
Slide 16: Zea Marina
MARINAS ZEA MARINA Floating berths : 670
Slide 17: Aghios Nikolaos Marina
MARINAS AGHIOS NIKOLAOS MARINA Floating berths : 255 Dry berths : 100
Slide 18: Strategic Benefits for the Parent Company
MARINAS STRATEGIC BENEFITS FOR THE PARENT COMPANY SECURING BERTHS CONTROL OF MOORING EXPENSES CONTROL OF MAINTENANCE EXPENSES SAFE MOORING OF YACHTS CREATION OF SERVICE POINTS WHICH OFFER FULL SERVICES IMPROVEMENT IN COMPETITIVENESS
Slide 19: Market Share in Berths in Greece
MARINAS MARKET SHARE IN BERTHS IN GREECE KIRIACOULIS 34% STATE 48% OTHER PRIVATE COMPANIES 18% Source: GNTO
Slide 20: Real Estate
REAL ESTATE KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. MEDITERRANEAN VILLAGES S.A. (86,33%) MED INVEST & BUILDINGS S.A. MEDITERRANEAN DEVELOPMENT S.A. (50%)
Slide 21: Real Estate (completed projects)
REAL ESTATE (completed projects) A complex of six apartment buildings in Rendi One apartment building in Kastela and another one in Perama Facilities of Zea marina Parking building in Piraeus
Slide 22: Real Estate (completed projects)
REAL ESTATE (completed projects) RENDI PIRAEUS
Slide 23: Real Estate (under construction projects)
REAL ESTATE (under construction projects) Two apartment buildings in Marousi, one in Perama and another one in Rendi Maisonette complex in Vari
Slide 24: Real Estate (under construction projects)
REAL ESTATE (under construction projects) PERAMA MAROUSI
Slide 25: Mediterranean Villages S.A.
REAL ESTATE MEDITERRANEAN VILLAGES S.A. 250 (In € thousands ) 200 150 100 50 0 -50 2000 2001 2002 2003 2004 Net Profit after taxes Dividend to Parent Company
Slide 26: Basic Financial Ratios of the Parent Company
KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. BASIC FINANCIAL RATIOS OF THE PARENT COMPANY
Slide 27: Financial Ratios
FINANCIAL RATIOS LIQUIDITY RATIOS 30/06/2005 CURRENT RATIO 1,33 FINANCIAL STRUCTURE & VIABILITY RATIOS TOTAL EQUITY / TOTAL ASSETS 42,92% TOTAL LOANS / TOTAL ASSETS 25,65% TOTAL LOANS / TOTAL EQUITY 59,76% TOTAL EQUITY / FIXED ASSETS 0,51 LONG TERM CAPITAL / FIXED ASSETS 1,05 FIXED ASSETS/ CURRENT A
Slide 28: Capital Structure
CAPITAL STRUCTURE KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. 30/06/2005 OTHER CUSTOMER LIABILITIES DOWN 4,74% PAYMENTS 26,69% TOTAL EQUITY 42,92% BANK LOANS 25,65%
Slide 29: Financial Ratios: Investment Ratios
FINANCIAL RATIOS INVESTMENT RATIOS MARKET PRICE PER SHARE (09/11/2005) 1,02 BOOK VALUE PER SHARE (30/06/2005) 1,33 MARKET PRICE PER SHARE / BOOK 0,77 VALUE PER SHARE DIVIDENDS PER SHARE 0,051 CURRENT DIVIDEND YIELD 5,00%
Slide 30: Dividend Policy
DIVIDEND POLICY 2000 2001 2002 2003 2004 DIVIDEND PER SHARE 0,040 0,041 0,047 0,049 0,051 PAID WITHIN THE YEAR (in €) DIVIDEND YIELD 0,5% 1,5% 2,3% 2,8% 3,4%
Slide 31: Quality Criteria
QUALITY CRITERIA ISO 9001:2000 CORPORATE GOVERNANCE 9 Corporate website 9 Corporate presentations 9 Investor Relations Department-Corporate Announcements Department-Shareholders Service Department-Internal Audit Department 9 Audit Committee 9 Two independent-non executive members of the B.o.D. 9
Slide 32: Kiriacoulis
ΚIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. www.kiriacoulis.com
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