Piraeus Port Authority S.A. · ATHEX:PPA
Piraeus Port Authority — FY2021 Earnings Presentation
20 slides from Piraeus Port Authority's earnings presentation, 2021
Slide 1: Presentation of Financial Results 2021
Presentation of Financial Results 2021
Slide 2: Piraeus Port map
SHIPPING PIRAEUS PORT WA AUTHORITY S.A. PPA Ship Repair Base Manicpay / AU sa roma Psitalia Biological
Slide 3: P&L Overview
P&L Overview Am ounts in €000 2016 2017 2018 2019 2020 2021 Revenues 103.496 111.530 132.931 149.222 132.902 154.190 Gross Profit 32.338 38.755 59.324 73.957 60.199 76.814 Gross Margin (%) 31% 35% 45% 50% 45% 50% Earnings before Taxes 11.039 21.187 42.333 47.606 36.930 49.211 Earnings after Taxes 6.
Slide 4: Container Terminal
Container Terminal Top 15 container ports in the EU in 2021 Source: PortEconomics 4
Slide 5: Container Terminals (TEU)
1 Container Terminals (TEU) 6.000.000 5.000.000 4.000.000 PPA SA 3.000.000 PCT SA TOTAL 2.000.000 1.000.000 0 2017 2018 2019 2020 2021 5
Slide 6: Container Terminals Financial Results
1 Container Terminals Financial Results CONSESSION ARRANGEMENT PIER II&III 31.12.2017 31.12.2018 31.12.2019 31.12.2020 31.12.2021 Revenues 43.940.318,82 56.156.249,05 65.768.391,78 66.493.707,37 70.097.734,50 Cost of sales (4.224.792,74) (4.432.549,76) (4.119.560,48) (3.954.346,14) (3.820.393,81) Gr
Slide 7: Container Terminals Financial Results
1 Container Terminals Financial Results CONTAINER TERMINAL PIER I 31.12.2017 31.12.2018 31.12.2019 31.12.2020 31.12.2021 Revenues 20.054.626,72 25.119.317,36 25.020.351,53 24.303.482,47 29.608.551,07 Cost of sales (32.372.168,56) (33.583.844,20) (32.739.342,16) (35.112.995,40) (36.500.686,94) Gross
Slide 8: Car Terminal vehicles
2 Car Terminal vehicles 500,000 450,000 400,000 350,000 300,000 250,000 Transshipments Local 200,000 150,000 100,000 50,000 0,000 2017 2018 2019 2020 2021 8
Slide 9: Car Terminal Financial Results
2 Car Terminal Financial Results CAR TERMINAL 31.12.2017 31.12.2018 31.12.2019 31.12.2020 31.12.2021 Revenues 12.074.224,07 13.673.252,02 13.886.758,26 11.069.491,04 14.126.608,03 Cost of sales (8.634.004,63) (8.483.092,68) (8.223.759,77) (8.063.875,71) (8.823.798,19) Gross profit 3.440.219,44 5.190
Slide 10: Cruise passengers
3 Cruise passengers ‘000 passengers 1200 1000 800 600 Transit Home Port 400 200 0 2017 2018 2019 2020 2021 10
Slide 11: Cruise Financial Results
3 Cruise Financial Results CRUISE 31.12.2017 31.12.2018 31.12.2019 31.12.2020 31.12.2021 Revenues 11.443.030,18 10.565.255,12 12.503.616,47 2.002.255,52 9.511.906,83 Cost of sales (7.886.793,56) (6.664.595,58) (6.982.143,73) (3.811.049,68) (5.720.804,12) Gross profit 3.556.236,62 3.900.659,54 5.521.
Slide 12: Coastal passengers
4 Coastal passengers 18,000 16,000 14,000 12,000 10,000 Salamis Saronic Gulf 8,000 Coastal Line 6,000 4,000 2,000 0,000 2017 2018 2019 2020 2021 12
Slide 13: Coastal Financial Results
4 Coastal Financial Results COASTING 31.12.2017 31.12.2018 31.12.2019 31.12.2020 31.12.2021 Revenues 10.131.386,56 10.675.703,18 11.244.296,64 8.274.978,93 9.443.942,88 Cost of sales (6.810.109,58) (6.443.981,25) (5.546.570,28) (4.479.085,52) (4.506.803,67) Gross profit 3.321.276,98 4.231.721,93 5.6
Slide 14: Ship Repair/vessel
5 Ship Repair/vessel 450 400 350 300 vessel/docks 250 vessel/ship repair TOTAL 200 150 100 50 2017 2018 2019 2020 2021 14
Slide 15: Ship Repair Financial Results
5 Ship Repair Financial Results SHIP REPAIRING (TANKS AND DOCK) 31.12.2017 31.12.2018 31.12.2019 31.12.2020 31.12.2021 Revenues 6.886.976,78 9.463.939,14 11.859.676,17 13.786.557,81 13.374.152,82 Cost of sales (5.347.464,08) (6.547.676,65) (9.992.112,97) (9.865.904,87) (10.545.122,02) Gross profit 1
Slide 16: Balance Sheet Overview
Balance Sheet Overview Amounts in €000 2017 2018 2019 2020 2021 Assets Fixed Assets 259.383 281.669 274.323 271.520 293.678 Right-of-use assets 62.984 61.203 59.230 Other non-current assets 14.438 13.590 13.266 16.446 15.255 Inventories 2.313 2.629 3.195 3.703 3.333 Trade and other Receivables 25.71
Slide 17: Expenses Overview
Expenses Overview Amounts in €000 2017 2018 2019 2020 2021 Payroll and employee related costs 57.837 55.372 58.163 58.012 58.476 Third party fees 811 761 1.070 952 3.396 Third party services 12.689 10.411 11.207 10.019 11.251 Depreciation- Amortization 13.455 14.182 17.261 17.988 17.891 Taxes and du
Slide 18: Balance Sheet Overview: Net Debt
Balance Sheet Overview: Net Debt Amounts in €000 2017 2018 2019 2020 2021 Long-term Borrowings 62.499 56.499 50.499 44.500 38.500 Long-term Leases* 0 0 66.264 65.302 64.128 Short-term Portion of Long- 6.000 6.000 6.000 6.000 6.000 term Borrowings Short-term Leases 69 0 1.143 1.237 1.307 Cash and Cas
Slide 19: Summary of Mandatory Investments
Summary of Mandatory Investments 19
Slide 20: Thank you for your attention!
Thank you for your attention! Contact details: Tel.: +30 210 4550226 Nektarios Demenopoulos Mob.: +30 694 7931026 Deputy Manager Email: [email protected] PR, IR & Company Announcements Dpt. Url: www.olp.gr
Piraeus Port Authority — FY2021 Earnings Presentation on 6ix