Slide 1: Strong EBITDA Maintained
STRONG EBITDA MAINTAINED DFDS GROUP Q3 2017 14 November 2017
Slide 2: Contents
Contents • Overview • Q3 numbers • Capital distribution • UK trade • Outlook 2017 • Key focus areas • Priorities for next year The statements about the future in this announcement contain risks and uncertainties. This entails that actual developments may diverge significantly from statements about t
Slide 3: The growth in Europe drives solid freight development
The growth in Europe drives solid freight development • Q3 EBITDA of DKK 976m a marginal Q3 EBITDA before special items improvement to all time high last year. ROIC DKK m improved to 18.1% (17.4%) 2017 976 2016 972 • Increase in freight shipping and logistics volumes supported by improving growth in
Slide 4: Strong North Sea offsets lower passenger result
Strong North Sea offsets lower passenger result • North Sea +58m: Result boosted by positive Q3 2017 DFDS Group EBIT development vs LY DKK m impact from higher volumes on most routes 800 • Baltic Sea -3m: Lower passenger result. Positive 790 -3 freight development on all but one route 780 -24 • Chan
Slide 5: Q3 2017 in numbers
Q3 2017 in numbers • 3% organic revenue growth, adjusted*. Change Change Currency impact of DKK -49m. Reported DKK m Q3 17 Q3 16 vs LY % revenue likewise up by 3% REVENUE 3,922 3,799 124 3% EBITDA BEFORE SI 976 972 4 0% • EBITDA increased 1% to DKK 980m margin, % 24.9 25.6 -0.7 n.a. adjusted for div
Slide 6: Rolling year EBITDA up 6%
Rolling year EBITDA up 6% Q3 LTM EBITDA before special items • EBITDA LTM of DKK 2,641m before DKK m special items, up 6% compared to EBITDA LTM Q3 2016 2017-16 2,641 +6% • Outlook: EBITDA range of 2016-15 2,494 +29% DKK 2,650-2,750m (2016: DKK 2,588m) narrowed 2015-14 1,937 +39% from DKK 2,600-2,80
Slide 7: Current distribution yield of 8%
Current distribution yield of 8% Capital distribution overview • Expected total distribution to DKK m 2015 2016 2017 shareholders of DKK 1.7bn in 2017 equals Actual Actual Current plan an 8% yield on equity market value Dividend per share, DKK 5.40 6.00 10.00 • Total dividend of DKK 10.00 per share
Slide 8: Growth expectations for Europe looking good, UK still growing
Growth expectations for Europe looking good, UK still growing • EU’s growth scenario assists UK-EU trade in goods - y/y Q-growth in volume indices (ex. oil and erratics) environment for UK economy and trade 10% • UK GDP growth expected to 8% continue in 2018 at around 1% real GDP growth 6% Brexit vo
Slide 9: EBITDA outlook for 2017 narrowed to DKK 2,650-2,750m
EBITDA outlook for 2017 narrowed to DKK 2,650-2,750m • Continued positive outlook for Europe for rest of year and going forward OUTLOOK 2017 • Freight markets expected to grow at least • Revenue growth of around 3%, in line with rise in GDP excluding revenue from bunker • UK passenger market expecte
Slide 10: Key Focus Areas
KEY FOCUS AREAS . 10
Slide 11: Continuous improvement projects drives efficiency
Continuous improvement projects drives efficiency • Toplight – freight shipping sales • Simplified rate structure • Surcharges globalized • Yield management of peak and off-peak departures • Preparation for digital solutions • Carpe Momentum – Channel on board spend • Retail spend improving • Food &
Slide 12: Investing in best-in-industry digital solutions
Investing in best-in-industry digital solutions • Vision to deliver best-in-industry experience Business • Investing in future customer solutions and operational efficiency in all three businesses Digital IT • New strategy to further unify the business with digital services and IT solutions to suppo
Slide 13: Value creating investments and M&A
Value creating investments and M&A • Value creation more important than topline growth • Ship investments to sensibly grow freight capacity of route network to meet customer demand • Use strong base to create synergies through M&A • Dutch trailer operator Alphatrans acquired, closing expected before
Slide 14: Priorities going into next year
Priorities going into next year • On the back of the positive outlook for Europe, priorities are: • Customer satisfaction – growing the topline • Continued push for efficiency improvements • Digital investments continue • Preparing for delivery of two freight ship (ro-ro) new buildings • Full benefi
Slide 15: as AER ae ‘ ae
as AER ae ‘ ae