Tallink Grupp As · OMXTSE:TAL1T
Tallink Grupp As — AS Tallink Grupp — Q4 2024 Earnings Presentation
22 slides from Tallink Grupp As's earnings presentation, February 2025
Slide 1: Q4 2024 AS Tallink Grupp
Q4 2024 AS Tallink Grupp February 2024
Slide 2: Key facts about Tallink Grupp
Tallink Grupp KEY FACTS ABOUT TALLINK GRUPP 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. 3 vessels in charter 3.3 million Both long-term Club O
Slide 3: Strategic plan
Strategic plan LONG TERM OBJECTIVES TOWARDS INCREASING THE COMPANY VALUE AND PROFITABILITY • Strive for the highest level of customer satisfaction • Improve profitability and strengthen the leading position on our home markets • Develop a wide range of quality services directed at different customer
Slide 4: Operations
Operations Restaurant operations — BURGER KING of Fistand—Sneden QD . = Sree srecthoim QD 0 FH Finlond —Cermony @Y ——_— . @ 20010 —sw0sen . @Esonio Friend fe e Hotel operations 1 1 1 8 Baltic Queen 1 © 1 1 | Bolte Princess ElatesS Superstor Megastor Stor MyStor Secondary sting on Private Nosdg Plece
Slide 5: Fleet by routes and chartered vessels end of Q4 2024
Fleet by routes and chartered vessels end of Q4 2024 Tallinn - Helsinki Helsinki - Stockholm Chartered Paldiski - Kapellskär Megastar Silja Symphony James Joyce (Star) Regal Star Vessel type High-speed ro-pax Vessel type Ro-ro passenger vessel Vessel type Cruise ferry Vessel type High-speed ro-pax B
Slide 6: Routes & passengers
Routes & passengers Passengers in 2024 Finland 47% Estonia 23% Europe 10% Sweden 7% Asia 4% Latvia 2% Lithuania 2% Other 5% 6
Slide 7: Q4 2024 revenues
Q4 2024 revenues Selected Key Figures • Revenue EUR 183.5 (EUR -10.2m or -5.3% vs LY) Q4 2023 Q4 2024(1) Change (financials in million euros) — Revenues from Tallinn-Helsinki route remain strong Number of passengers 1,338,921 1,310,014 -2.2% (EUR +1.8m or +2.4% vs LY) Number of cargo units 76,198 64
Slide 8: Sales & results by geographical segments Q4 2024
Sales & results by SALES (in million euros) geographical 240 194 8 1.8 -1.1 -2.2 -8.6 -0.2 200 segments Q4 2024 184 160 120 ESTONIA-FINLAND 80 The segment reflects operations of two shuttle vessels – 40 MyStar and Megastar and the cruise ferry Victoria I. 0 ESTONIA-SWEDEN Q4 Estonia Estonia Finland
Slide 9: Sales by operational segments Q4 2024
Sales by REVENUE STRUCTURE Q4 2024(1) operational Cargo segments Q4 2024 11% Restaurant & Accommodation shop sales 2% 51% Charter 8% Other • As at the end of Q4 2024 a total of 3 2% vessels on charter, compared to 5 vessels in Ticket sales Q4 2023 26% • Competition in cargo transportation remains ch
Slide 10: FY2024 revenues
FY2024 revenues Selected Key Figures 2023 2024(1) Change (financials in million euros) • Revenue EUR 785.8m (EUR -10.2m or -5.3% vs LY) Number of passengers 5,705,600 5,580,016 -2.2% — Strong result from Estonia-Sweden routes (EUR +6.6m Number of cargo units 323,990 303, 234 -6.4% or 7.3% vs LY) Num
Slide 11: Dynamics of seasonality
Dynamics of seasonality Passengers (millions) Cargo (th. units) 9.8 500 10 410 2.3 400 380 360 369 8 96 324 303 5.7 94 82 101 6 3.0 5.5 5.6 300 76 Q4 102 65 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 1.5 1.5 100 1.1 1.6 1.9 1.6 1.1 93 100 85 102 87 8
Slide 12: Dynamics of seasonality
Dynamics of seasonality Quarterly net result (in million euros) 2019 2020 2021 2022 2023 2024(1) net profit 50M€ net loss 108M€ net loss 57M€ net profit 14M€ net profit 79M€ net profit 40M€ 70 50 30 55 49 38 33 36 10 15 17 6 2 3 5 6 -3 -5 -5 -10 -25 -30 -27 -24 -27 -34 -24 -40 -30 -50 Notes: (1) 202
Slide 13: Consolidated income statement
Consolidated income statement In million euros 2023 2024(2) Q4 2023 Q4 2024(2) Sales 835 786 194 184 Cost of sales (1) -631 -632 -159 -158 Marketing & administrative cost (1) -95 -97 -26 -25 Other operating items, net 4 21 3 1 Result from operating activities 113 77 11 1 EBITDA 215 175 37 26 EBITDA
Slide 14: Full year cost breakdown
Full year cost breakdown Net finance cost⁴ 3.7% (EUR millions) 2023 2024(5) Change Depreciation and amortisation 12.9% Cost of goods 170.6 163.9 -3.9% Cost of goods 21.6% Staff costs 131.7 142.8 8.4% Marketing & Administration (1)(2) 83.0 85.5 3.0% Other costs³ 2.1% Port & Stevedoring 69.9 73.3 4.8%
Slide 15: Consolidated cash flow statement
Consolidated cash flow statement In million euros 2023 2024(1) Q4 2023 Q4 2024(1) Operating cash flow 203 158 34 31 Capital expenditure -28 -22 -6 -6 Asset disposal 1 25 0 0 Interest received 1 1 0 0 Free cash flow 177 162 29 25 Debt financing (net effect) -213 -106 -40 -32 Interests & other financi
Slide 16: Consolidated statement of financial position
Consolidated statement of financial position In million euros 31.12.2023 30.09.2024 31.12.2024(2) 31.12.2024(2) Total assets 1,555 1,499 1,463 Cash Intangibles Non-current assets 1,432 1,375 1,356 1400 Other liabilities Current assets 123 124 108 Other assets - of which cash 42 33 19 Total liabiliti
Slide 17: Loan portfolio structure
Loan portfolio structure 900 84.24 90 LONG-TERM BANK LOANS 800 80 700 70 • EUR 469 million as at 31 December 2024 • 3 loan agreements outstanding: syndicated 600 16 60 loan and two ship building loans 500 50 • Maturing 4 – 10 years • EUR denominated, fixed and EURIBOR 400 40 floating 746 663 300 587
Slide 18: 38,073 shareholders and FDR-holders
38,073 shareholders and FDR-holders incl. 29,755 on Tallinn Stock Exchange (TAL1T) and 8,318 on Helsinki Stock Exchange (FI4000349378) as at 31 December 2024
Slide 19: Shareholders and share performance
Shareholders and share performance Infortar AS 68.5% Nordea Bank Abp / Clients FDR 3.2% Mersok OÜ 1.5% Clearstream Banking AG 1.1% Retail investors Luksusjaht AS 1.0% 12% Citibank (New York) / Government of Norway 0.9% Institutional Enn Pant 0.9% investors Unicredit Bank Austria AG 0.8% 8% AB SEB Ba
Slide 20: Management board
Management board Paavo Nõgene Born in 1980 CEO since May 2018 Elise Nassar Harri Hanschmidt Piret Mürk-Dubout Margus Schults Born in 1991 Born in 1982 Born in 1970 Born in 1966 Member of Management Board Member of Management Board Member of Management Board Member of Management Board since March 202
Slide 21: Supervisory board
Supervisory board Enn Pant Born in 1965 Chairman of Supervisory Board since 2015 CEO of AS Tallink Grupp in 1996-2015 Ain Hanschmidt Toivo Ninnas Eve Pant Kalev Järvelill Raino Paron Born in 1961 Born in 1940 Born in 1968 Born in 1965 Born in 1965 with the Supervisory Board with the Supervisory Boar
Slide 22: a a ee ;
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