Tallink Grupp As · OMXTSE:TAL1T
Tallink Grupp As — AS Tallink Grupp — Q2 2024 Earnings Presentation
15 slides from Tallink Grupp As's earnings presentation, July 2024
Slide 1: Q2 2024 AS Tallink Grupp
Q2 2024 AS Tallink Grupp July 2024
Slide 2: Presenters
Presenters PAAVO NÕGENE HARRI HANSCHMIDT CHAIRMAN OF THE MANAGEMENT MEMBER OF THE MANAGEMENT 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. 3 vessels in charter 3.2 million Both long-term Club O
Slide 4: Fleet by routes and chartered vessels end of Q2 2024
Fleet by routes and chartered vessels end of Q2 2024 * Victoria I operated the 22-hour cruise service on the Tallinn-Helsinki route until 31 May 2024 4
Slide 5: Q2 2024 revenues
Q2 2024 revenues Selected Key Figures • Revenue EUR 210.0 (EUR -19.6m or -8.5% vs LY) Q2 2023 Q2 2024(1) Change (financials in million euros) — A 5.8% decrease in passenger volumes compensated by Number of passengers 1,541,081 1,451,768 -5.8% an 1.7% increase in the cargo volumes Number of cargo uni
Slide 6: Sales & results by geographical segments Q2 2024
Sales & results by SALES (in million euros) geographical 280 240 230 6 4.6 0.9 -11.7 -13.6 210 segments Q2 2024 200 160 0.2 120 ESTONIA-FINLAND 80 The segment reflects operations of two shuttle vessels – MyStar and Megastar and the cruise ferry Victoria I. The 40 latter operated the route until 31 M
Slide 7: Sales by operational segments Q2 2024
Sales by REVENUE STRUCTURE Q2 2024(1) operational Cargo 12% segments Q2 2024 Restaurant & shop sales Accommodation 48% 2% Charter 8% Other • As at the end of Q2 2024 total of 3 vessels 2% on charter, compared to 7 vessels in Q2 Ticket sales 2023 28% • Cargo transportation revenues indicate an upward
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 76 172 Q3 3.0 1.9 1.8 2.6 109 2.7 100 87 1.3 1.1 92 85 87 Q2 2 1.5 1.5 100 1.1 1.6 1.9 1.6 1.1 93 100 85 102 87 85 1.0 Q1 0 0 20
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 9M€ 70 50 30 55 49 38 33 10 15 17 6 2 3 5 6 -3 -5 -10 -25 -30 -27 -24 -27 -34 -24 -40 -30 -50 Notes: (1) 2024 unaud
Slide 10: Consolidated income statement
Consolidated income statement In million euros 2022 2023 Q2 2023 Q2 2024(2) Sales 771 835 230 210 Cost of sales (1) -658 -631 -163 -163 Marketing & administrative cost (1) -87 -95 -24 -25 Other operating items, net 11 4 0 1 EBITDA 136 215 69 47 Margin (%) 17.6% 23.8% 29.8% 22.2% Net Result 14 79 33
Slide 11: Consolidated cash flow statement
Consolidated cash flow statement In million euros 2022 2023 Q2 2023 Q2 2024(1) Operating cash flow 144 203 84 56 Capital expenditure -203 -28 -5 -4 Asset disposal 3 1 0 0 Free cash flow -56 177 80 51 Debt financing (net effect) 69 -213 -110 -21 Interests & other financial items -25 -37 -9 -8 Change
Slide 12: Consolidated statement of financial position
Consolidated statement of financial position In million euros 31.12.2022 31.12.2023 31.03.2024 30.06.2024(2) 30.06.2024(2) Total assets 1,692 1,555 1,549 1,567 Cash Intangibles Other Non-current assets 1,496 1,432 1,403 1,393 liabilities 1400 Other Current assets 196 123 146 174 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 522 million as at 30 June 2024 • 3 loan agreements outstanding: syndicated 600 16 60 loan and two ship building loans 500 50 • Maturing 4.5 – 10 years • EUR denominated, fixed and EURIBOR 400 40 floating 746 663 300 587 55
Slide 14: Q&A
Q&A PAAVO NÕGENE CHAIRMAN OF THE MANAGEMENT BOARD 14
Slide 15: a — ee ;
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