Tallink Grupp As · OMXTSE:TAL1T
Tallink Grupp As — AS Tallink Grupp — Q1 2024 Earnings Presentation
16 slides from Tallink Grupp As's earnings presentation, April 2024
Slide 1: Q1 2024 AS Tallink Grupp
Q1 2024 AS Tallink Grupp April 2024
Slide 2: Presenters
Presenters PAAVO NÕGENE HARRI HANSCHMIDT MARGUS SCHULTS CHAIRMAN OF THE MANAGEMENT MEMBER OF THE MANAGEMENT MEMBER OF THE MANAGEMENT BOARD BOARD BOARD 2
Slide 3: Tallink Grupp Key Facts
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. 4 vessels in charter 3.2 million Both long-term Club O
Slide 4: Fleet by routes and chartered vessels end of Q1 2024
Fleet by routes and chartered vessels end of Q1 2024 4
Slide 5: Q1 2024 revenues
Q1 2024 revenues Selected Key Figures • Revenue EUR 160.4m (EUR -10.8m or -6.3% vs LY) Q1 2023 Q1 2024(1) Change (financials in million euros) — Decrease in chartering revenues due to less vessels on Number of passengers 1,049,777 1,102,738 5.0% charter Number of cargo units 86,732 84,950 -2.1% — St
Slide 6: Sales & results by geographical segments Q1 2024
Sales & results by SALES (in million euros) geographical 200 171 6 7.9 -1.9 -3.3 -13.7 0.2 160 160 segments Q1 2024 120 80 ESTONIA-FINLAND The segment reflects operations of two shuttle vessels – 40 MyStar and Megastar and the cruise ferry Victoria I 0 (3 shuttle vessels in Q1 2023) Q1 Estonia Eston
Slide 7: Sales by operational segments Q1 2024
Sales by REVENUE STRUCTURE Q1 2024(1) operational Cargo 14% segments Q1 2024 Accommodation 1% Restaurant & shop sales Charter 47% 11% Other • As at the end of Q1 2024 total of 4 vessels 2% on charter compared to 6 vessels in Q1 Ticket sales 2023 25% • High competition in cargo transportation market
Slide 8: Dynamics of seasonality
Dynamics of seasonality Passenger (millions) Cargo (th. units) 10 9.8 500 410 2.3 400 380 360 369 8 96 324 94 82 101 6 3.0 5.5 5.7 300 76 Q4 102 3.7 1.3 1,3 93 92 91 4 200 76 Q3 3.0 1.9 1.8 109 2.7 100 87 1.3 92 85 2 1.1 1.5 1.1 100 85 Q2 1.1 1.6 1.9 1.6 1.1 93 100 85 102 87 85 1.0 Q1 0 0 2019 2020
Slide 9: 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 3M€ 70 50 30 55 49 38 33 10 15 17 2 3 5 6 -3 -5 -10 -25 -30 -27 -24 -27 -34 -24 -40 -30 -50 Notes: (1) 2024 unaudit
Slide 10: Consolidated income statement
Consolidated income statement In million euros 2022 2023 Q1 2023 Q1 2024(2) Sales 771 835 171 160 Cost of sales (1) -658 -631 -146 -147 Marketing & administrative cost (1) -87 -95 -23 -23 Other operating items, net 11 4 0 19 EBITDA 136 215 27 34 Margin (%) 17.6% 23.8% 15.8% 21.5% Net Result 14 79 -5
Slide 11: Consolidated cash flow statement
Consolidated cash flow statement In million euros 2022 2023 Q1 2023 Q1 2024(1) Operating cash flow 144 203 26 17 Capital expenditure -203 -28 -11 -6 Asset disposal 3 1 0 24 Free cash flow -56 177 15 35 Debt financing (net effect) 69 -213 -25 -21 Interests & other financial items -25 -37 -8 -7 Change
Slide 12: Consolidated statement of financial position
Consolidated statement of financial position In million euros 31.12.2021 31.12.2022 31.12.2023 31.03.2024(2) 31.03.2024(2) Total assets 1,586 1,692 1,555 1,549 Cash Intangibles Non-current assets 1,383 1,496 1,432 1,403 1400 Other Other liabilities Current assets 203 196 123 146 assets - of which ca
Slide 13: Loan portfolio structure
Loan portfolio structure 900 84.2 90 LONG-TERM BANK LOANS 800 80 700 70 • EUR 539 million as at 31 March 2024 • 3 loan agreements outstanding: syndicated 600 16 60 loan and two ship building loans 500 50 • Maturing 5 – 11 years • EUR denominated, fixed and EURIBOR 400 40 floating 746 663 300 587 555
Slide 14: Dividend of EUR 0.06 per share for FY2023
Dividend of EUR 0.06 per share for FY2023 Dividend yield of 8.2% 0,14 12.4% 0,12 10.5% 0,10 0,08 7.0% 8.2% 0,06 4.9% 3.8% 3.3% 3.1% 0,04 0,02 0,00 2013 2014 2015 2016 2017 2018 2019 2024 Dividend Share capital reduction Dividend yield
Slide 15: Q&A
Q&A PAAVO NÕGENE CHAIRMAN OF THE MANAGEMENT BOARD 15
Slide 16: a — ee ;
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