Transport Trade Services S.a. · BVB:TTS
Transport Trade Services — Investor Presentation (July 2021)
27 slides from Transport Trade Services's investor presentation, July 2021
Slide 1: Leading provider of vertically integrated logistics services in the Danube basin
Leading provider of vertically integrated logistics services in the Danube basin Investor presentation, July 2021 TTS provides complex logistics solutions for various categories of goods since 1997
Slide 2: Legal Disclaimer
Legal Disclaimer This presentation does not, and is not intended to, constitute or form part of, and should not be construed as, constituting or forming part of, any actual offer to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares issued by the Company or any
Slide 3: Contents
Contents TTS Group today An attractive market opportunity A strategy for sustainable growth Financial results & KPIs Conclusions Appendices 3
Slide 4: TTS Group today
TTS Group today 4
Slide 5: Highlights and Key Figures
TTS Group today Leading provider of vertically integrated logistics services in the Danube basin Highlights Key Figures Unique integrated asset base in the Danube 800.000 tones total carrying capacity (mineral products, agricultural products and chemical products) basin 7 Danubian port terminals in
Slide 6: Business overview
Business overview Regional champion of Danube freight and ports infrastructure Forwarding River transport Port operations • Customized inland water • The largest fleet of barges in the • Include transshipments and transportation in the Danube Danube Basin storage services. & the Rhine Basins • Main
Slide 7: TTS on the capital market: IPO highlights
TTS on the capital market Attractive investment opportunity in a strategic EU sector with a low carbon footprint Key data IPO highlights BVB Ticker TTS 58.5 Mn EUR secondary IPO completed on 14th June 2021 ISIN ROYCRRK66RD8 A total of 15 Mn shares were sold at 19,2 RON / share Listed on BVB 14 Jun 2
Slide 8: An attractive market opportunity
An attractive market opportunity 8
Slide 9: Momentum in IWT - Key to the Green Deal
Momentum in IWT - Key to the Green Deal IWT share in EU transport to increase by 25% by 2030 & 50% by 2050 to reduce transport-related GHG emissions by 90%* IWT is a strategic sector that enables ▪ 76% of the external EU trade ▪ 40% of the internal EU trade ▪ GHG emissions reduction IWT to contribut
Slide 10: TTS Group is well positioned to deliver on its regional strategic priorities
An attractive market opportunity TTS Group is well positioned to deliver on its regional strategic priorities Regional strategic priorities Romania Hungary • Consolidate market position • Extension into hinterland by rail • Fleet and ports modernisation and truck covering local market • Investments
Slide 11: The leading transporter on the Danube – Black Sea route
Market position The leading transporter on the Danube – Black Sea route 35% of the freight traffic through the Danube – 39% of the total river traffic from/to Black Sea Canal Constanta Port 11 11
Slide 12: A strategy for sustainable growth
A strategy for sustainable growth 12
Slide 13: Growth strategy 2021 – 2025: Main pillars
Growth strategy 2021 – 2025: Main pillars Vision: To be the #1 logistics provider and act as the market consolidator in the Danube basin Undisputed Danube Logistics Leader Growth via Sustainability / Organic growth acquisitions ESG&CSR (I) (II) (III) 13 Solid financial stability as a basis for futur
Slide 14: Growth strategy 2021-2025: Organic growth
Growth strategy 2021- 2025: Organic growth (I) Continuous modernisation and optimisation of river transport and port operations asset base and structure to increase efficiency River transport Port operations • CAPEX plan of EUR 42m in 2021-2025, • 2021-2025 investment plan of EUR 15m, (EUR 25m maint
Slide 15: Growth strategy 2021-2025: Growth via acquisitions
Growth strategy 2021- 2025: Growth via acquisitions (II) Actively looking for new opportunities to develop in the Danube basin Strong regional M&A and partnerships Current M&A opportunities • Strong track record of 9 acquisitions Focus on foreign Danube transport since 2014 • M&A strategy to increas
Slide 16: Growth strategy 2021-2025: Sustainability / ESG&CSR
Growth strategy 2021- 2025 Sustainability / ESG&CSR (III) TTS aims to remain one of the least carbon polluting among EU IWT players, while seeking to integrate best practices in corporate governance and social responsibility Sustainability Social responsibility Corporate governance • Greener ports:
Slide 17: Financial results & KPIs
Financial results | & KPIs Aa eas rae DBP a, | a 2S }
Slide 18: Key financial highlights
Key financial highlights High EBITDA margin and sustainable growth, with limited COVID-19 impact 2020 Group sales 2020 Net profit 2020 EBITDA reported EUR 108m EUR 8m EUR 24m Total Equity EBITDA adjusted* Net debt** EUR 124m EUR 25m EUR 4m o/w Minority interest: EUR 22m 23% EBITDA margin Gearing: 4%
Slide 19: Financials & KPIs: Solid financial performance
Financials & KPIs Solid financial performance 19 19
Slide 20: Financials & KPIs
Financials & KPIs EUR 7m LT Debt in 2018 to finance the shares buyback from IFC Romania – Ukraine new passage ferry: RON 24m (2018-2019) 20 20
Slide 21: Conclusions
Conclusions • TTS Group today is a leading provider of vertically integrated logistics services in the Danube basin • Vision: To be the #1 logistics provider and act as the market consolidator in the Danube basin • An attractive investment opportunity in a strategic EU sector with a low carbon footp
Slide 22: Appendices
Appendices 22
Slide 23: Financials Summary
Financials Summary PROFIT & LOSS (IFRS consolidated) BALANCE SHEET (IFRS consolidated) (RONm ) 2018A 2019A 2020A (RONm ) 2018A 2019A 2020A Net turnover o/w 475 552 520 Tangible assets 588 563 584 Forw arding 111 119 122 Other long term assets 40 19 17 River transport 253 310 288 Long term assets 628
Slide 24: TTS Group at a glance
TTS Group at a glance TTS (Transport Trade Services) Minority interests ▪ CNFR Navrom owns 49.98% 92.03% 90% 75% TTS GmbH CNFR Navrom TTS Operator Navrom Shipyard 99.98% in Navrom Port Services – maneuvering of barges and 99.53% 100% port services in Galati. The 51% 51% Cernavoda Shipyard Plimsoll K
Slide 25: Appendix: Business overview - Subsidiaries & Minorities
Appendix: Business overview Subsidiaries & Minorities Forwarding TTS GmbH - freight forwarder which acquires and organises the logistics flows on the Upper Danube and also promotes the services offered by the Group in the Austrian market; registered office in Vienna; incorporated in 2014 Plimsoll –
Slide 26: Appendix: Business overview - Additional Info
Appendix: Business overview Additional Info Use and access to ports and river infrastructure Navigation on Danube ▪ In Romania, the river transport infrastructure and port areas belong to the public domain ▪ Navigation of Danube is constantly subject to the level of waters, mostly in the of the Roma
Slide 27: TTS Group: Inland Waterways Transport and Infrastructure
TTS Group: Inland Waterways Transport and Infrastructure Romania IR contact: investor.relations@tts-group.ro Website: http://www.tts-group.ro/ BVB ticker: TTS
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