Tallink Grupp As · OMXTSE:TAL1T
Tallink Grupp As — AS Tallink Grupp — Q4 2024 Earnings Presentation
18 slides from Tallink Grupp As's earnings presentation, February 2025
Slide 1: Q4 2024 AS Tallink Grupp
Q4 2024 AS Tallink Grupp February 2025
Slide 2: Presenters
Presenters PAAVO NÕGENE MARGUS SCHULTS HARRI HANSCHMIDT CHAIRMAN OF THE MANAGEMENT MEMBER OF THE MANAGEMENT MEMBER OF THE MANAGEMENT BOARD BOARD BOARD 2
Slide 3: Key facts about Tallink Grupp
Tallink Grupp KEY FACTS ABOUT TALLINK GRUPP as at end of 2024 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 3.3 million Bot
Slide 4: Fleet by routes and chartered vessels end of Q4 2024
Fleet by routes and chartered vessels end of Q4 2024 Tallinn - Helsinki Helsinki - Stockholm Chartered Paldiski - Kapellskär Megastar Silja Symphony James Joyce (Star) Regal Star Vessel type High-speed ro-pax Vessel type Ro-ro passenger vessel Vessel type Cruise ferry Vessel type High-speed ro-pax B
Slide 5: Q4 2024 revenues
Q4 2024 revenues Selected Key Figures • Revenue EUR 183.5m (EUR -10.2m or -5.3% vs LY) Q4 2023 Q4 2024(1) Change (financials in million euros) — Revenues from Tallinn-Helsinki route remain strong Number of passengers 1,338,921 1,310,014 -2.2% (EUR +1.8m or +2.4% vs LY) Number of cargo units 76,198 6
Slide 6: Sales & results by geographical segments Q4 2024
Sales & results by SEGMENT SALES (in million euros) geographical 240 194 6 1.8 -1.1 -2.2 -8.6 -0.2 200 segments Q4 2024 184 160 120 ESTONIA-FINLAND 80 The segment reflects operations of two shuttle vessels – 40 MyStar and Megastar and the cruise ferry Victoria I. 0 ESTONIA-SWEDEN Q4 Estonia Estonia
Slide 7: Sales by operational segments Q4 2024
Sales by REVENUE STRUCTURE Q4 2024(1) operational Cargo 11% Restaurant & Accommodation segments Q4 2024 shop sales 2% 51% Charter 8% Other 2% • As at the end of Q4 2024 a total of 3 Ticket sales 26% vessels on charter, compared to 5 vessels in Q4 2023 • Competition in cargo transportation REVENUE BY
Slide 8: FY2024 revenues
FY2024 revenues Selected Key Figures 2023 2024(1) Change (financials in million euros) • Revenue EUR 785.8m (EUR -10.2m or -5.3% vs LY) Number of passengers 5,705,600 5,580,016 -2.2% — Strong result from Estonia-Sweden routes (EUR +6.6m Number of cargo units 323,990 303, 234 -6.4% or 7.3% vs LY) Num
Slide 9: Dynamics of seasonality
Dynamics of seasonality Passengers (millions) Cargo (th. units) 9.8 500 10 410 2.3 400 380 360 369 8 96 324 303 5.7 94 82 101 6 3.0 5.5 5.6 300 76 Q4 102 65 3.7 1.3 1.3 1.3 93 92 91 4 200 76 67 Q3 3.0 1.9 1.8 1.7 109 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 8
Slide 10: 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 40M€ 70 50 30 55 49 38 33 37 10 15 17 6 2 3 5 6 -3 -5 -5 -10 -25 -30 -27 -24 -27 -34 -24 -40 -30 -50 Notes: (1) 202
Slide 11: Consolidated income statement
Consolidated income statement In million euros 2023 2024(2) Q4 2023 Q4 2024(2) Sales 835 786 194 184 Cost of sales (1) -631 -632 -159 -158 Marketing & administrative cost (1) -95 -97 -26 -25 Other operating items, net 4 21 3 1 Result from operating activities 113 77 11 1 EBITDA 215 175 37 26 EBITDA
Slide 12: Full year cost breakdown
Full year cost breakdown Net finance cost⁴ 3.7% (EUR millions) 2023 2024(5) Change Depreciation and amortisation 12.9% Cost of goods 170.6 163.9 -3.9% Cost of goods 21.6% Staff costs 131.7 142.8 8.4% Marketing & Administration (1)(2) 83.0 85.5 3.0% Other costs³ 2.1% Port & Stevedoring 69.9 73.3 4.8%
Slide 13: Consolidated cash flow statement
Consolidated cash flow statement In million euros 2023 2024(1) Q4 2023 Q4 2024(1) Operating cash flow 203 158 34 31 Capital expenditure -28 -22 -6 -6 Asset disposal 1 25 0 0 Interest received 1 1 0 0 Free cash flow 177 162 29 25 Debt financing (net effect) -213 -106 -40 -32 Interests & other financi
Slide 14: Consolidated statement of financial position
Consolidated statement of financial position In million euros 31.12.2023 30.09.2024 31.12.2024(2) 31.12.2024(2) Total assets 1,555 1,499 1,463 Cash Intangibles Non-current assets 1,432 1,375 1,356 1400 Other liabilities Current assets 123 124 108 Other assets - of which cash 42 33 19 Total liabiliti
Slide 15: Loan portfolio structure
Loan portfolio structure 900 84.24 90 LONG-TERM BANK LOANS 800 80 700 70 • EUR 469 million as at 31 December 2024 • 3 loan agreements outstanding: syndicated 600 16 60 loan and two ship building loans 500 50 • Maturing 4 – 10 years • EUR denominated, fixed and EURIBOR 400 40 floating 746 663 300 587
Slide 16: Proposed dividend of 6 cents per share for 2024
Concorded with the Supervisory Board of the Group, the Management Board has decided to prepare a proposal to the General Meeting of Shareholders to pay a dividend of 6 cents per share in 2025 for the financial year of 2024
Slide 17: Q&A
Q&A PAAVO NÕGENE CHAIRMAN OF THE MANAGEMENT BOARD 17
Slide 18: a a ee ;
a a ee ; —__ | SILJA LIN