Dfds A/s · OMXCOP:DFDS
Dfds A/s — Q1 2011 Earnings Presentation
13 slides from Dfds A/s's earnings presentation, May 13, 2011
Slide 1: Q1 2011: Strong growth in revenue and results
Slide 2: DFDS Highlights Q1 2011: A promising start to the year
DFDS HIGHLIGHTS 1 2011: A PROMISING START TO THE YEAR ¢ Revenue growth of 67% driven by the Norfolkline acquisition and organic growth on Baltic Sea and North Sea ¢ Operating profit (EBITDA) up by 76% to DKK 183m * Integration and synergy realization ahead of plans * Turnaround of Logistics Division
Slide 3: Financial Performance
FINANCIAL PERFORMANCE ¢ Revenue increase of 67% — Norfolkline acquisition — Organic growth achieved mainly in Shipping — Logistics focused on achieving rate increases rather than volume ¢ EBITDA before special items of DKK 183m, up by 76% — Significant increase in bunker absorbed through surcharges
Slide 4: Volumes, Departures & Pricing
MUMMLMMM MLA VOLUMES, DEPARTURES & PRICING * Strong growth in Baltic Sea supported by more sailings * North Sea, adjusted, growth driven by return of industrial volumes, eg. automotive. Rate impacted by increase in SEK ¢ North Sea, restructured, no. sailings reduced by 15% from merger of routes * Ch
Slide 5: Shipping Division Performance
SHIPPING DIVISION PERFORMANCE * Shipping Division’s EBIT is burdened by addition of low season results for Irish Sea and Channel compared to 2010 * North Sea: Volume growth up by 10% adjusted for Norfolkline impact. Higher industrial volumes from Sweden and Germany. Danish market stagnating * Baltic
Slide 6: Logistics Division Performance
LOGISTICS DIVISION PERFORMANCE * Logistics Division’s EBIT is positively impacted by addition of European Contract and addition of activities in other BUs except for Nordic Contract ¢ Nordic Transport: EBIT improved through rate increases, more stable Logistics Division trade balances and merger of
Slide 7: May 2011 /%®/DFD S
13 May 2011 /%®/DFD S
Slide 8: Q1 Integration and Synergies Ahead of Plan
MUMMLMMM MLA Q1 INTEGRATION AND SYNERGIES AHEAD OF PLAN Major integration projects 2011: DKK m Realized synergies * Introduction of the expanded terminal and new route 45 structure and tonnage for Vlaardingen-lmmingham 40 * Consolidation of IT systems for the Shipping and Logistics 35 divisions 30 *
Slide 9: Cash Funds Position Further Strengthened
MUMMLMMM MLA CASH FUNDS POSITION FURTHER STRENGTHENED * Cash position of DKK 1.5bn at end of Q1 2011: Cash flows Ql 2011 2.200 * Operating cash flow of DKK 288m 2.000 including seasonal inflow from 33 prepayments by passengers 1.800 = 5 -400 * Compensation of DKK 525m for 1.600 525 total loss of shi
Slide 10: 13May 2011 Se /®/DFDS
13May 2011 Se /®/DFDS
Slide 11: Unchanged Profit Expectation for 2011
UNCHANGED PROFIT EXPECTATION FOR 2011 « Revenue growth of 20% expected, of which approximately half is full-year Norfolkline impact ¢ EBITDA before special items to increase to DKK 1.5bn (DKK 1.3bn)} ¢ Pre-tax profit before special items of DKK 550m (DKK 445m) * Special items expected to be around z
Slide 12: Strategic Priorities
STRATECIC PRIORITIES * Complete integration of Norfolkline, harvest next level of synergies - FINANCIALLY ON TRACK * Turnaround of Logistics Division - FINANCIALLY ON TRACK ¢ Full implementation of new organizational structure: - MOVING FORWARD * Freight Sales Solutions * People & Ships * Shared Ser
Slide 13: We have come far... and we are moving on
4) Q1 2011 WE HAVE COME FAR... .. AND WE ARE MOVING ON DFDS