Tallinna Vesi AS Class A · OMXTSE:TVE1T
Tallinna Vesi AS Class A — AS Tallinna Vesi — Q4 2017 Earnings Presentation
10 slides from Tallinna Vesi AS Class A's earnings presentation, Feb 1, 2018
Slide 1: AS Tallinna Vesi: Results of the fourth quarter of 2017
AS Tallinna Vesi Results of the fourth quarter of 2017
Slide 2: Karl Heino Brookes, CEO; Riina Käi, CFO
Karl Heino Brookes CEO, Member of the Management Board Riina Käi CFO, Member of the Management Board
Slide 3: Operations update
Operations update Water quality Leakage rate 99.93% compliant, Water network leakage according to 24,760 rate in 2017 was the analyses of the 2,973 lowest over the time of samples taken 13.82% Effluent Customer service Fully compliant, no In 2017, the customer pollution incidents satisfaction reache
Slide 4: Tariff dispute: Local Court Case
Click to Tariff edit Master dispute: title style Local Court Case • Dispute started in 2011. • On 5th June 2015, Tallinn Administrative Court dismissed AS Tallinna Vesi claim. On 11th November 2015, the Company filed the appeal to the District Court. • Hearing in the District court took place in 23t
Slide 5: Tariff dispute: International Court Case
Tariff dispute: International Court Case • International arbitration proceedings (ICSID) commenced in October 2014 • Hearings were held in Paris, in 7th – 11th and 14th – 15th November 2016 • The decision is expected in the beginning of 2018
Slide 6: Financial highlights
Financial highlights 70.00 58.98 59.82 60.00 50.00 40.00 33.26 34.09 2016 30.00 24.27 2017 18.39 20.00 10.87 10.00 7.22 0.00 Sales Gross profit Operating profit Net profit
Slide 7: Water & Wastewater revenues in 2017
Water & Wastewater revenues in 2017 Revenues Volumes EUR million million m3 8 7 2016;6.4 6 7 7.3 5 2016; 5.1 6 4 6.4 5 5.2 3 4 2016; 1.0 2.6 2 3 2016; 0.1 7.4 1 1.4 1.1 2 0.2 2.6 0 1 Domestic W&S Commercial Outside area Outside area W&S W&S stormwater 0 0.5 Domestic W&S Commercial W&S Outside area W
Slide 8: Total costs in 2017
Total costs in 2017 EUR million Q4 2017 Q4 2016 Change € Change % 12 months 2017 12 months 2016 Change % Total Cost of Goods Sold (incl.) -7.2 -6.3 -0.90 -14.4% -25.7 -25.7 0.0% Chemicals -0.4 -0.3 -0.1 -19.3% -1.5 -1.3 -14.8% Electricity -0.8 -0.8 0.0 -3.7% -3.2 -3.1 -2.8% Pollution tax -0.4 -0.2 -
Slide 9: Cash flow: financing, investing, operating
Millions 0.0 10.0 20.0 40.0 50.0 60.0 CF open Q4'16 30.0 33.99 Operating 8.24 Investing 4.17 Financing 0.49 CF end Q4'16 / open… 33.99 Operating 7.22 Investing 2.27 Cash position Financing 0.42 CF end Q1'17 / open… 38.51 Operating 8.68 Investing 0.49 Financing 11.36 CF end Q2'17 / open… 35.34 Operat
Slide 10: Thank you!
Regulatory & political questions Thank you! Karl Brookes Karl.Brookes@tvesi.ee IR & financial questions Riina Käi riina.kai@tvesi.ee Operational questions Aleksandr Timofejev aleksandr.timofejev@tvesi.ee Company ph., +372 62 62 200, E-mail tvesi@tvesi.ee