Tallinna Sadam As · OMXTSE:TSM1T
Tallinna Sadam As — Q4 2024 Earnings Presentation
16 slides from Tallinna Sadam As's earnings presentation, Feb 28, 2025
Slide 1: Results of Q4 and year 2024
Results of Q4 and year 2024 28.02.2025
Slide 2: Main events in Q4 2024 (1/2)
Main events in Q4 2024 (1/2) • Growth in cargo volume +12%, incl dry bulk +41%, containers +19%, ro-ro +3%, increase in cargo ship calls +18% • Increase in passenger volumes +5%, incl Muuga-Vuosaari +14% • Extension of the cruise season into winter • Agreement with JetGas OÜ for the development of a
Slide 3: Main events in Q4 2024 (2/2)
Main events in Q4 2024 (2/2) • Court rulings in relation to: - MPG AgroProduction OÜ bankruptcy was declared 15 October 2024 - The Tallinn District Court accepted the appeal related to the judgment regarding the former managers of the Port of Tallinn Operating costs decreased -7%
Slide 4: Trends in Q4 by business segments
Trends in Q4 by business segments • PASSENGERS – growth trend in PAX numbers (+5%), increase in PAX vessel calls (+1%) and in revenue (+1%). • CARGO – significant increase in cargo volumes (+12%) and in vessel calls (+18%), higher revenue (+11%). Growth in all types of cargo except for liquid bulk.
Slide 5: Passenger volume
Passenger volume Q4 12 months 4 2000 12 +3,6% 6000 +4,8% 5 548 5 585 10 3 1500 7,9 8,2 1 379 1 395 8 4000 Million PAX 0,6 Million Pax 0,5 Ship calls Ship calls 2 1,8 1,9 1000 6 7,2 7,0 Other 0,1 0,1 4 2000 Cruise (trad) 1 500 Muuga-Vuosaari 1,6 1,7 2 Tallinn-Stockholm 0 0 Tallinn-Helsingi 0 0 2023 2
Slide 6: Cargo volume
Cargo volume Q4 12 months +11,7% +4,4% 4 1200 14 13,1 4000 12,6 3,4 12 3500 3,1 1000 1,9 2,1 3 0,6 3000 0,5 10 800 2,2 2,6 Mixed 2500 Million tons Ship calls 8 Ship calls 0,6 Million tons 0,8 Containers 2 600 2000 6 6,4 6,6 Dry bulk 1,5 1,5 1500 400 1435 Ro-ro 372 1380 1 314 4 1000 Liquid bulk 200 2
Slide 7: Shipping volumes: ferry
Shipping volumes: ferry Q4 12 months 500 476 3 000 457 450 2 411 2 462 +4,3% 2 500 400 +2,1% Thousand PAX/vechicles Thousand PAX/vechicles 350 2 000 300 245 250 231 1 500 1 133 1 174 200 +6,0% 1 000 +3,6% 150 100 500 50 0 0 2023 2024 2023 2024 Passengers Vehicles Passengers Vehicles
Slide 8: Shipping volumes: MPSV Botnica
Shipping volumes: MPSV Botnica Q4 12 months 70 100% 250 231 100% 62 221 90% 90% 60 80% 200 80% 51 50 70% 70% 67% 60% 150 63% 60% 60% days 40 days 55% 50% 50% 30 100 40% 40% 30% 30% 20 50 20% 20% 10 10% 10% 0 0% 0 0% 2023 2024 2023 2024 Charter days % utilisation rate Charter days % utilisation rate
Slide 9: Future outlook
Future outlook • Passenger business recovery continues • New ro-ro and container lines • Industrial parks 2.0 - industrial centers in the ports of Muuga and Paldiski • Offshore windfarms base harbour development • Business opportunities for a multifunctional offshore vessel • Preparation of the real
Slide 10: Results of the Group
Results of the Group Q4 and 12 months In thousands Q4 2024 Q4 2023 +/- 2024 2023 +/- Revenue 28 791 28 030 2.7% 119 587 116 646 2.5% Adjusted EBITDA 12 239 10 375 18.0% 53 137 49 170 8.1% Adjusted EBITDA margin 42.5% 37.0% 5.5 44.4% 42.2% 2.2 Operating profit 5 948 4 627 28.6% 29 148 24 630 18.3% In
Slide 11: Results by business segments
Results by business segments Q4 and 12 months Q4 segments (mEUR) 12 months segments (mEUR) Passenger H 4,3 8,9 Passenger H 19,9 37,9 4,2 8,8 19,6 37,5 Cargo H 4,0 8,9 Cargo H 14,2 32,0 2,2 8,0 11,3 30,8 Ferry 3,0 8,7 Ferry 15,5 37,5 2,8 8,5 15,3 36,6 0,9 2,4 Other 3,6 12,2 Other 1,1 2,8 3,0 11,7 -2
Slide 12: Cash Flow and Financial Position
Cash Flow and Financial Position Cash Flow statement Financial position 700 In thousands 2024 2023 +/– 600 Cash from operating 500 48 733 43 959 4 774 activities 378 378 EUR million 400 Cash used in investing -45 442 -17 181 -28 261 573 activities 564 300 Free cash flow (FCF) 3 291 26 778 -23 487 67
Slide 13: Revenue generation
Revenue generation Passenger harbours Cargo harbours Total revenue 50 50 150 40 38 38 40 31 32 8,8 8,8 30 30 MEUR MEUR 8,0 8,9 130 10,7 11,5 117 120 20 20 7,2 7,9 10,0 10,0 7,7 7,4 110 10 10 28,8 8,0 7,5 7,9 7,8 28,0 0 0 90 2023 2024 2023 2024 31,2 MEUR 31,4 Ferry Other 70 50 50 37 38 50 40 40 28,8
Slide 14: EBITDA generation
EBITDA generation Passenger harbours Cargo harbours 25 25 Total adj. EBITDA 20 20 80 20 20 4,2 4,3 14 15 15 MEUR MEUR 6,1 6,8 11 4,0 10 10 2,2 5,7 2,4 3,3 60 5 5,5 53 5 3,1 3,2 49 3,6 3,3 3,5 3,6 0 0 10 12 2023 2024 MEUR 2023 2024 40 Ferry Other 14 13 25 25 20 20 20 12 15 15 15 15 15 MEUR MEUR 2,8 3
Slide 15: Q&A session
PORT OF & TALLINN Q&A session
Slide 16: Thank You!
Thank You! portoftallinn.com • ts.ee/en/investor • portoftallinn
Tallinna Sadam AS (Port of Tallinn) — Q4 2024 Earnings Presentation on 6ix