Tallinna Sadam AS · OMXTSE:TSM1T
Tallinna Sadam AS — Q4 2018 Earnings Presentation
15 slides from Tallinna Sadam AS's earnings presentation, Feb 27, 2019
Slide 1: Results of 2018: Q4 and 12 months
Results of 2018 Q4 and 12 months Webinar 27.02.2019
Slide 2: Presenters
Presenters Valdo Kalm Marko Raid CEO CFO Chairman of the Management Board Member of the Management Board
Slide 3: Highlights of Q4 2018 (1/2)
Highlights (1/2) of Q4 2018 • Stable passenger volumes • Growth in liquid bulk volumes and revenues • Steep rise in revenue (9%) and EBITDA (14%) due to: ✓ Botnica charter in North Canada ✓ Liquid bulk volume growth • Dividend policy on track – at least EUR 30M dividends in 2019
Slide 4: Highlights of Q4 2018 (2/2)
Highlights (2/2) of Q4 2018 • Change in TS Laevad management • MOU with Alexela – Paldiski LNG terminal • East Capital award: Best IPO 2018 • Nasdaq Baltic Awards 2019: IPO of Tallinna Sadam is the Stock Exchange Event of the Year
Slide 5: Trends by business segments in Q4 2018
Trends by business segments in Q4 2018 • Passengers – stable PAX numbers and revenue, -0.4% in Tallinn-Helsinki route • Cargo – growth in liquid bulk volumes and revenue, in general revenue per ton in decline • Ferry – focus in increasing efficiency • Other segment – MPSV Botnica ice management char
Slide 6: Successful year 2018
Successful year 2018 • IPO in May 2018 • Passengers: ✓ Record high cruise season ✓ 11th annual record in PAX numbers ✓ Smart Port solution completion ✓ Start of D terminal reconstruction ✓ Masterplan 2030, MOU with City of Tallinn
Slide 7: Successful year 2018
Successful year 2018 • Cargo: ✓ Liquid bulk growth in tight competition ✓ Oilseed factory cooperation agreement ✓ Paldiski LNG terminal MOU with Alexela ✓ LNG bunkering station in Muuga agreement with Vopak ✓ HHLA - new owner of Muuga container terminal • Ferry: Additional ferry on Saaremaa line • O
Slide 8: Cargo Volume by cargo type
Cargo Volume by cargo type 6 25,0 2018 Q4 2018 12M +2,0% 5,0 +7,4% 4,9 20,6 5 0,2 0,1 20,0 19,2 0,6 0,5 0,5 0,6 1,9 1,9 4 1,1 3,9 1,3 15,0 4,1 Million tons Million tons 3 1,3 5,3 1,3 10,0 5,1 2 5,0 1 2,0 8,8 1,7 7,4 0 0,0 2017 Q4 2018 Q4 2017 2018 Liquid bulk Ro-Ro Dry bulk Containers General cargo
Slide 9: Number of Passengers by routes
Number of Passengers by routes 3000 12000 +0,6% 2018 Q4 -1,0% 2018 12M 10 560 10 619 566 100 638 90 2500 2336 2314 10000 17 20 1013 83 1009 85 232 216 14 13 2000 23 8000 24 Thousand PAX Thousand PAX 2 1500 6000 2 8798 8797 1000 2049 2040 4000 500 2000 0 0 Q4 2017 Q4 2018 2017 2018 Tallinn-Helsinki T
Slide 10: Results of the Group
Results of the Group In thousands Q4 2017 Q4 2018 +/- 2017 2018 +/- Revenue 27 089 29 572 9.2% 121 295 130 635 7.7% Adjusted EBITDA 12 814 14 683 14.6% 66 521 74 380 11.8% Adjusted EBITDA margin 47.3% 49.7% 2.4 54.8% 56.9% 2.1 Operating profit 1 577 9 011 471.4% 40 317 52 075 29.2% Income tax 45 51
Slide 11: Cash Flow and Financial Position
Cash Flow and Financial Position Cash Flow statement Financial position 31 December 700 In thousands 2017 2018 600 Cash from operating activities 43 426 57 113 500 326 368 Cash used in investing 400 -25 447 -12 325 activities 573 300 581 Free cash flow (FCF) 17 979 44 788 36 42 200 Cash from/used in
Slide 12: Results on segment level
Results on segment level (in million EUR) Q4 12 months Passenger H 10,1 Passenger H 49,9 10,1 49,9 Cargo H 10,7 Cargo H 41,7 10,0 39,8 Ferry 6,9 Ferry 30,1 6,6 27,1 Other 1,9 Other 8,9 0,5 4,6 -2 0 2 4 6 8 10 12 0 10 20 30 40 50 60 Revenue 2018 Revenue 2017 Adjusted EBITDA 2018 Adjusted EBITDA 2017
Slide 13: Upcoming events
Upcoming events • Disclosure of 2018 audited results and dividend proposal by Supervisory Board 02.04.2019 • Shareholders’ meeting 14.05.2019
Slide 14: Questions?
@ Questions?
Slide 15: Thank You!
Thank You! IR related questions: Marju Zirel Head of Investor Relations [email protected] portoftallinn.com • investor.ts.ee