Tallinna Sadam As · OMXTSE:TSM1T
Tallinna Sadam As — AS Tallinna Sadam — Q3 2018 Earnings Presentation
12 slides from Tallinna Sadam As's earnings presentation, Nov 15, 2018
Slide 1: Results of 2018 Q3 and 9 months
Results of 2018 Q3 and 9 months Webinar 15.11.2018
Slide 2: Presenters
Presenters Valdo Kalm Marko Raid CEO CFO Chairman of the Management Board Member of the Management Board
Slide 3: Highlights (1/2) of Q3 2018
Highlights (1/2) of Q3 2018 • Stable passenger volumes • Strong growth in liquid bulk volumes and revenues: • Steep rise in revenue and EBITDA due to: ✓ Liquid bulk volume growth ✓ 5th ferry on Saaremaa line ✓ Botnica new charter contract with Baffinland • Dividend policy on track – at least EUR 30M
Slide 4: Highlights (2/2) of Q3 2018
Highlights (2/2) of Q3 2018 • Sale of Coal Terminal equipment • Cruise season record – 624 th PAX and 342 ship calls in 9 months • Baltic IPO of the Year award • CEF funding decision for TWIN-PORT 3 project, 30% funding for PoT investments EUR 16M
Slide 5: Trends by business segments in Q3 2018
Trends by business segments in Q3 2018 • Passengers – growth in total PAX number, +1% in Tallinn-Helsinki route Baffin island • Cargo – strong growth in liquid bulk volumes and revenue, in general revenue per ton in decline • Ferry – increase in passenger numbers, additional ferry for summer on Saar
Slide 6: Cargo Volume by cargo type
Cargo Volume by cargo type 6 18,0 2018 Q3 5,5 2018 9M +27,5% 0,1 +9,3% 15,6 16,0 0,5 0,5 5 14,3 4,3 1,4 14,0 0,5 0,1 1,0 1,4 4 0,5 12,0 2,8 2,9 Million tons Million tons 1,0 1,3 10,0 3 4,0 8,0 3,8 1,3 2 6,0 2,6 4,0 6,9 1 5,7 1,5 2,0 0 0,0 2017 Q3 2018 Q3 2017 9M 2018 9M Liquid bulk Ro-Ro Dry bulk Co
Slide 7: Number of Passengers by routes
Number of Passengers by routes 4000 9000 +1,0% 2018 Q3 +2,2% 2018 9M 8224 8305 3405 3478 70 3500 8000 83 624 553 35 338 36 380 7000 780 59 793 63 3000 27 298 301 32 6000 2500 Thousand PAX Thousand PAX 5000 2 2000 2 4000 1500 6749 6756 2705 2730 3000 1000 2000 500 1000 0 0 Q3 2017 Q3 2018 9M 2017 9M
Slide 8: Results of the Group
Results of the Group Strong growth In thousands Q3 2017 Q3 2018 +/- 9M 2017 9M 2018 +/- Revenue 32 694 38 897 19.0% 94 206 101 063 7.3% Adjusted EBITDA 17 185 24 002 39.7% 53 708 59 697 11.2% Adjusted EBITDA margin 52.6% 61.7% 9.1 57.0% 59.1% 2.1 Operating profit 11 758 18 113 54.0% 38 740 43 064 11
Slide 9: Cash Flow and Financial Position
Cash Flow and Financial Position Cash Flow statement Financial position 30.09.18 vs 31.12.17 700 In thousands 9M 2017 9M 2018 600 Cash from operating activities 45 197 41 219 500 359 326 Cash used in investing 400 -19 370 -8 888 575 activities 300 581 36 63 Free cash flow (FCF) 25 827 32 331 200 Cas
Slide 10: Results on segment level (in million EUR)
Results on segment level (in million EUR) Q3 9 months Passenger H 16,7 Passenger H 39,8 16,4 39,8 Cargo H 10,6 Cargo H 31,1 9,1 29,8 Ferry 8,7 Ferry 23,2 7,2 20,5 Other 2,8 Other 7,1 0,0 4,1 -5 0 5 10 15 20 0 10 20 30 40 50 Revenue 2018 Revenue 2017 Adjusted EBITDA 2018 Adjusted EBITDA 2017
Slide 11: Questions?
@ Questions?
Slide 12: Thank You!
Thank You! IR related questions: Marju Zirel Head of Investor Relations m.zirel@ts.ee portoftallinn.com • investor.ts.ee