Tallink Grupp As · OMXTSE:TAL1T
Tallink Grupp As — AS Tallink Grupp — Shareholder Meeting (May 2024)
26 slides from Tallink Grupp As's shareholder meeting presentation, May 7, 2024
Slide 1: AS Tallink Grupp General Meeting of Shareholders
AS Tallink Grupp General Meeting of Shareholders 7 May 2024
Slide 2: Agenda of the General Meeting of Shareholders
Agenda of the General Meeting of Shareholders 1. Approval of the annual report of the financial year 2023 2. Proposal on distribution of profits 3. Appointment of an auditor for the financial year 2024 and the determination of the procedure of remuneration of an auditor 4. Determination of the of th
Slide 3: Overview of FY2023 & Q1 2024
Overview of FY2023 & Q1 2024
Slide 4: Key facts about Tallink Grupp
Tallink Grupp KEY FACTS ABOUT TALLINK GRUPP as at 31 March 2024 The leading European provider of 14 vessels 5 regular routes leisure and business travel and sea 12 passenger vessels on the Baltic Sea transportation services in the Baltic 2 cargo vessels Sea region. 4 vessels in charter 3.2 million B
Slide 5: Fleet by routes and chartered vessels end of Q1 2024
Fleet by routes and chartered vessels end of Q1 2024 5
Slide 6: 2023 Key Indicators
2023 Key Indicators 5 705 600 323 990 € Net profit € 835.3 214.5 78.9 millions millions millions 6 6
Slide 7: 2023 in Brief
2023 in Brief KEY TAKEAWAYS • Profitable operations Strong results support dividend payment • Chartering of vessels and risk mitigation during low season Fleet optimization supports stable cash flows • Strong debt management Reduction of debt burden supports healthy net debt/EBITDA ratio • Sustainab
Slide 8: ESG Update
ESG Update • 2023 main focus was on CSRD compliance preparations with Double Materiality analysis TOTAL CO2 EMISSIONS and stakeholder engagement. 1 200 000 • Current focus on ESRS-aligned ESG strategy and KPI development, ESG governance review, data gap analysis. 1 000 000 960 123 924 185 861 991 •
Slide 9: 38,881 shareholders and FDR-holders at 31 March 2024
38,881 shareholders and FDR-holders incl. 30,687 on Tallinn Stock Exchange (TAL1T) and 8,194 on Helsinki Stock Exchange (FI4000349378) at 31 March 2024
Slide 10: Dividend of EUR 0.06 per share for FY2023
Dividend of EUR 0.06 per share for FY2023 Dividend yield of ca 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 11: 2024 Outlook
2024 Outlook • Low business and consumer confidence levels as well as slow economic recovery in the Group’s core markets continue to impact demand for travelling and cargo revenues • Strong focus on cost savings • Chartering of vessels and seeking for opportunities for fleet optimization • Continued
Slide 12: 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 13: Dynamics of seasonality: quarterly net result
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 14: 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 15: Thank you!
Thank you!
Slide 16: 1. Approval of the annual report of the financial year 2023
1. Approval of the annual report of the financial year 2023 To approve the annual report of the financial year 2023 of AS Tallink Grupp presented by the Management Board. 16
Slide 17: 2. Proposal on distribution of profits
2. Proposal on distribution of profits To approve the following profit allocation proposal of AS Tallink Grupp prepared by the Management Board: 1) To approve the net profit of the financial year of 2023 in the sum of 78 872 000 euros; 2) Not to make any allocations to the mandatory legal reserve; 3
Slide 18: 2. Proposal on distribution of profits
2. Proposal on distribution of profits The list of the shareholders entitled to the dividend shall be fixed as at 20.06.2024 at the end of the working day of the settlement system of Nasdaq CSD Estonia. Consequently, the day of change of the rights related to the shares (ex-dividend date) is set to
Slide 19: 3. Appointment of an auditor for the financial year 2024
3. Appointment of an auditor for the financial year 2024 and the determination of the procedure of remuneration of an auditor To appoint the company of auditors KPMG Baltics OÜ to conduct the audit of the financial year 2024 and to remunerate the work according to the audit contract that shall be co
Slide 20: 4. Determination of the remuneration of the supervisory Board members
4. Determination of the of the remuneration of the supervisory Board members To determine the remuneration fee of the Member of the Supervisory Board as from 08.05.2024: 1. Chairman of the Supervisory Board – 12 000 euros per month (gross); 2. Member of the Supervisory Board – 7 000 Euros per month
Slide 21: 5. Extension of authority of Supervisory Board Member Kalev Järvelill
5. Extension of authority of the Member of the Supervisory Board Kalev Järvelill Due to the expiry of the term of authority of the Member of the Supervisory Board of AS Tallink Grupp Kalev Järvelill on 13.06.2024, to extend the authority of Kalev Järvelill as the Supervisory Board Member for the nex
Slide 22: 6. Amendment of the Articles of Association
6. Amendment of the Articles of Association To amend the second sentence of the Article 2.4. of the Articles of Association of AS Tallink Grupp and word it as follows: “Supervisory board shall be authorised within 3 years as from 1 January 2025 to increase the share capital by 35 000 000 euros, incr
Slide 23: 7. Issuance of options to the Members of the Supervisory Board
7. Issuance on options as part of the Option program to the Members of the Supervisory Board To approve the issuing of options as part of the option program (“Option Program”) to the Members of the Supervisory Board of AS Tallink Grupp and to conclude the Agreements of Share Option in accordance wit
Slide 24: 7. Issuance of options to the Members of the Supervisory Board
7. Issuance on options as part of the Option program to the Members of the Supervisory Board 5. The Member of the Supervisory Board Toivo Ninnas has the right to acquire 300 000 options (which gives the right to acquire 300 000 shares) for the second year of the Option Program (period 13 June 2024 t
Slide 25: Questions!
Questions!
Slide 26: a — ee ;
a — ee ; — __ | SILJA LIN