Tallinna Sadam As · OMXTSE:TSM1T
Tallinna Sadam As — Q3 2024 Earnings Presentation
16 slides from Tallinna Sadam As's earnings presentation, Nov 11, 2024
Slide 1: Results of 2024 Q3 and 9 months
Results of 2024 Q3 and 9 months 11.11.2024
Slide 2: Main events in Q3 2024 (1)
Main events in Q3 2024 (1) • Growth in cargo volume (+7,2%). • Visit of the first bio methanol powered container ship. • Increase in passenger volumes (+4,3%). • TS Laevad signed with the Ministry of Regional Affairs and Agriculture the ferry service agreement for the period 2026-2033. • Additional
Slide 3: Main events in Q2 2024 (2)
Main events in Q2 2024 (2) • EU funding for TWIN-Port VI. • Unsecured loan agreement with Swedbank. • Court rulings in relation to: - Termination of MPG AgroProduction OÜ reorganization proceedings and following bankruptcy proceedings. - Appeal to Harju County Court decision in relation to lawsuit a
Slide 4: Trends in Q3 by business segments
Trends in Q3 by business segments • PASSENGERS – growth trend in PAX numbers (+4%), increase in PAX vessel calls (+6%) and in revenue (+7%). • CARGO – significant increase in cargo volumes (+7%) and in vessel calls (+3%), higher revenue (+9%). Growth in all types of cargo. • FERRY – increase in reve
Slide 5: Passenger volume
Passenger volume Q3 9 months 4 10000 7 +3,2% 6,3 10000 6,1 +4,3% 6 0,4 8000 0,4 8000 3 2,6 2,7 5 Million PAX Million Pax Ship calls Ship calls 0,2 0,2 6000 4 5,4 5,6 6000 2 Other 4000 3 4000 4 169 4 190 Cruise (trad) 2,3 2,3 2 1 Muuga-Vuosaari 2000 2000 1 394 1 473 1 Tallinn-Stockholm 0 0 0 0 Tallin
Slide 6: Cargo volume
Cargo volume Q3 9 months +7,2% 9,5 +2,0% 9,7 4 1200 10 3000 1,6 1,7 2500 3,1 1000 8 3 2,9 0,5 800 1,6 1,7 2000 0,5 Mixed Million tons 6 Ship calls Ship calls Million tons 0,5 2 0,5 600 Containers 1500 4,9 5,0 4 Dry bulk 1,6 1,5 400 1066 377 1063 1000 Ro-ro 1 367 2 Liquid bulk 200 500 Ship calls 0,3
Slide 7: Shipping volumes: ferry
Shipping volumes: ferry Q3 9 months 1 000 934 947 2 500 900 +1,4% 1 955 1 986 800 2 000 +1,6% Thousand PAX/vechicles Thousand PAX/vechicles 700 600 1 500 500 409 421 400 +1,4% 1 000 902 929 300 +3,0% 200 500 100 0 0 2023 2024 2023 2024 Passengers Vehicles Passengers Vehicles
Slide 8: Shipping volumes: MPSV Botnica
Shipping volumes: MPSV Botnica Q3 9 months 70 100% 200 100% 178 59 90% 180 170 90% 60 80% 160 80% 50 70% 140 70% 64% 120 65% 62% 60% 60% days days 40 50% 100 50% 30 25 80 40% 40% 30% 60 30% 20 27% 40 20% 20% 10 20 10% 10% 0 0% 0 0% 2023 2024 2023 2024 Charter days % utilisation rate Charter days % u
Slide 9: Future outlook
Future outlook • Passenger business recovery continues • New ro-ro and container lines • Developers’ interest in offshore windfarms base harbour • Offshore windfarms base harbour development • Preparation of the real estate business model • Preparations for reducing the state's shareholding • Increa
Slide 10: Results of the Group
Results of the Group Q3 and 6 months In thousands Q3 2024 Q3 2023 +/- 9M 2024 9M 2023 +/- Revenue 31 214 31 426 -0,7% 90 797 88 615 2,5% Adjusted EBITDA 13 287 13 517 -1,7% 40 895 38 797 5,4% Adjusted EBITDA margin 42,6% 43,0% -0,4 45,0% 43,8% 1,2 Operating profit 7 268 7 449 -2,4% 23 200 20 004 16,
Slide 11: Results by business segments
Results by business segments Q3 and 9 months Q3 segments (mEUR) 9 months segments (mEUR) Passenger H 6,8 11,5 Passenger H 15,6 29,0 6,1 10,7 15,4 28,8 Cargo H 3,3 7,9 Cargo H 10,2 23,1 2,4 7,2 9,0 22,8 Ferry 4,9 10,7 Ferry 12,4 28,8 4,5 10,4 12,5 28,2 -1,8 1,1 Other 2,7 9,8 Other 0,5 3,1 1,9 8,9 -2
Slide 12: Cash Flow and Financial Position
Cash Flow and Financial Position Cash Flow statement Financial position 700 In thousands 9M 2024 9M 2023 +/– 600 Cash from operating 500 40 275 34 011 6 264 activities 378 373 EUR million 400 Cash used in investing -32 901 -9 430 -23 471 activities 564 579 300 Free cash flow (FCF) 7 374 24 581 -17 2
Slide 13: Revenue generation
Revenue generation Passenger harbours Cargo harbours Total revenue 50 50 150 40 38 40 8,8 29 31 MEUR 30 MEUR 30 23 130 8,0 20 10,7 11,5 20 117 7,2 7,9 10,0 10,0 7,7 7,4 110 10 10 8,0 7,5 7,9 7,8 28,0 0 0 91 90 2023 2024 2023 2024 MEUR 31,4 31,2 Other 70 Ferry 50 50 37 50 40 40 28,8 32,0 8,5 29 MEUR
Slide 14: EBITDA generation
EBITDA generation Passenger harbours Cargo harbours 25 25 Total adj. EBITDA 20 80 20 20 4,2 16 MEUR 15 MEUR 15 11 6,1 6,8 10 10 10 2,2 5,7 2,4 3,3 60 5 5,5 5 3,1 3,2 49 3,6 3,3 3,5 3,6 0 0 10 41 MEUR 2023 2024 2023 2024 40 Ferry Other 14 13 25 25 20 20 20 12 15 15 15 15 12 MEUR MEUR 2,8 14 12 10 10
Slide 15: Q&A session
PORT OF & TALLINN Q&A session
Slide 16: Thank You!
Thank You! portoftallinn.com • ts.ee/en/investor • portoftallinn Related image Image result for facebook icon white png
Tallinna Sadam AS (Port of Tallinn) — Q3 2024 Earnings Presentation on 6ix