Slide 1: 2016 Third Quarter Traffic and Revenue
2016 Third Quarter Traffic and Revenue 19 October 2016 Jacques Gounon – Chairman & Chief Executive Officer
Slide 2: Agenda: Group, Rail Freight, Fixed Link, Other Activities
1. EUROTUNNEL GROUP Key fact & figures in Q3 2016 2. RAIL FREIGHT ACTIVITY Europorte 3. FIXED LINK CONCESSION ACTIVITY Eurotunnel 4. OTHER GROUP ACTIVITIES ElecLink
Slide 3: Confidence in the future
EUROTUNNEL GROUP Confidence in the future Shuttle business better than ever Consolidated market post MFL exit (Eurotunnel + two ferry operators) Record volumes for trucks: +12% ytd. Market share up 220bp vs 2015 Expanding Peak day pricing strategy Record volumes for cars (since end of duty f
Slide 4: Confidence in the future
EUROTUNNEL GROUP Confidence in the future Brexit not a concern for Groupe Eurotunnel Declining £ is a strong stimulus for UK Economy FMI and BoE don’t expect UK recession in 2017 (forecast GDP growth of 1.1% and 0.8% respectively*) FTSE’s performance since referendum (+11%), indicator of resil
Slide 5: Key figures in Q3 2016
GROUPE EUROTUNNEL SE Key figures in Q3 2016 Growth in Group revenue: +4% to €320M Shuttle Railway Revenue: +12% Network Europorte Traffic: Truck : +14% Revenue: -5% Car : +2% Traffic: Revenue: -7% Yield increase HST Passenger: -10% Rail freight: = * Excluding discontinued activity and recalculated a
Slide 6: Continued growth in revenue in Q3 2016
GROUPE EUROTUNNEL SE Continued growth in revenue in Q3 2016 +4%* 309 320 Europorte -7% 257 Fixed Link +7% * Excluding discontinued activity and recalculated at H1 2016 exchange rate: £1 = €1.237 6
Slide 7: Continued growth in revenue year to date in 2016
GROUPE EUROTUNNEL SE Continued growth in revenue year to date in 2016 879 +3%* 902 Europorte -5% 699 Fixed Link +5% * Excluding discontinued activity and recalculated at H1 2016 exchange rate: £1 = €1.237 7
Slide 8: Rail Freight Activity
3 RAIL FREIGHT ACTIVITY RAIL ACTIVITY Europorte in EUROPORTE in H1 2016 Q3 2016
Slide 9: Revenue impacted by slowdown in cereals and coal market
EUROPORTE Revenue impacted by slowdown in cereals and coal market In €M Q3 2016 Change Q3 2015* Revenue 63 -7% 68 Revenue GBRf Europorte France New contracts started in 2015 and GET received a binding and Europorte France remains focused H1 2016 but expected end of irrevocable offer for GBRf on its
Slide 10: Fixed Link Concession Activity
3 FIXED LINKCONCESSION FIXED LINK CONCESSION ACTIVITY ACTIVITY Eurotunnel in in EUROTUNNEL H1Q3 2016 2016
Slide 11: Strong volume growth for the shuttle services
Fixed Link Strong volume growth for the shuttle services In €M Q3 2016 Change Q3 2015* Revenue 257 +7% 241 o.w. Shuttle 179 +12% 159 o.w. Railway Network 74 -5% 78 o.w. Other 4 Ns 4 Shuttle Railway Network Strong traffic growth Decline in Eurostar passengers because of adverse impact of Yield increa
Slide 12: An all-time traffic record and yield up
TRUCK SHUTTLES – Q3 2016 A fast, frequent and flexible An all-time traffic record and yield up Eurotunnel Freight service Truck volumes (‘000) +14% +12% +6% +4% +5% -1% Traffic Market Yield 400,450 trucks transported Steady growth in Short Straits Steady increase market: +7% (+5% ytd) 11 consecutive
Slide 13: Best year to date traffic for 15 years
LE SHUTTLE FOR PASSENGERS – Q3 2016 A fast, reliable, easy and comfortable Best year to date traffic for 15 years service with Le Shuttle Car volumes (‘000) +2% +3% -1% +4% +2% +1% Traffic Market Yield 882,358 cars transported (+2%) Contraction in the Short Straits Continued growth in average yield
Slide 14: Tourism in Europe under pressure
HIGH-SPEED PASSENGER TRAINS* EUROSTAR – Q3 2016 Tourism in Europe under pressure Eurostar passengers (‘000) +3% +2% -10% +2% +2% -5% Traffic Activity Dynamic business traffic New Eurostar trains: more comfort, more services and more destinations Tourism in Europe impacted by terrorist attacks (Nice
Slide 15: Traffic waiting for migrant clearance
CROSS-CHANNEL RAIL FREIGHT – Q3 2016 Traffic waiting for migrant clearance +9% -33% = +13% -8% -34% Traffic Relaunch of activity Still impacted by the migrant crisis in H2 2015 Calais-Fréthun site once again secure and difficulties to secure the SNCF Calais- Eurotunnel is working with all parties Fr
Slide 16: Other Group Activities
4 OTHER GROUP OTHER GROUP ACTIVITIES ACTIVITIES ElecLink, CIFFCO ELECLINK
Slide 17: ElecLink, a FR-UK electricity interconnector
DEVELOPMENT OF STRATEGIC INFRASTRUCTURE ELECLINK, a FR-UK electricity interconnector Added-value for the Channel Tunnel: high expected return (consensus 2020e EBITDA = c.€100M*) Regulatory process completed Implementation phase Secure EPC and O&M contracts Forward sell long-term contracts Rais
Slide 18: Contact investors & analysts
Contact investors & analysts: Michael Schuller Jean Baptiste Roussille Corporate Finance Director co-Head of IR co-Head of IR 00 33 1 40 98 04 81 00 44 1303 288 719 Jean-baptiste.roussille@eurotunnel.com Michael.schuller@eurotunnel.com