Tallinna Sadam AS · OMXTSE:TSM1T
Tallinna Sadam AS — Q2 2018 Earnings Presentation
12 slides from Tallinna Sadam AS's earnings presentation, Aug 15, 2018
Slide 1: Results of 2018 Q2 and 6 months
Results of 2018 Q2 and 6 months Webinar 15.08.2018
Slide 2: Presenters
Presenters Valdo Kalm Marko Raid CEO CFO Chairman of the Management Board Member of the Management Board
Slide 3: Main achievements in Q2 2018
Main achievements in Q2 2018 • Listing of shares on Nasdaq Tallinn in 13.06.2018. 13 962 new shareholders • Agreement for establishing an oilseeds processing and logistics complex at Muuga Harbour • MOU with the City of Tallinn for Old City Harbour Masterplan 2030 development • Chartering agreement
Slide 4: Main developments
Main developments • Growth in cargo and passenger volumes • Stable EBITDA • Q2/6M decline in profit only due to the impact of income tax cost from record high dividend in 2018 • Dividend policy still stands – at least EUR 30M dividends in 2019 • New client HHLA in Muuga
Slide 5: Trends by business segments in Q2 2018
Trends by business segments in Q2 2018 • Passengers – growth in total PAX number, decline 1% in Tallinn-Helsinki route • Cargo – stable liquid bulk volumes, in general revenue per ton in decline • Ferry – increase in passenger numbers, additional ferry for summer on Saaremaa route • Other segment –
Slide 6: Cargo Volume by cargo type
Cargo Volume by cargo type 12 +1,4% 10,1 9,9 10 0,3 0,4 1 0,9 8 1,8 1,9 General cargo Million tons Containers 6 +2,5% 2,7 Dry bulk 4,9 5,1 2,5 0,2 0,2 Ro-Ro 0,4 0,5 4 0,9 Liquid bulk 1,1 1,4 1,3 2 4,2 4,3 1,9 2,1 0 2017 Q2 2018 Q2 2017 6M 2018 6M
Slide 7: Number of Passengers by routes
Number of Passengers by routes 6000 +0,2% 5000 4819 4827 215 47 244 34 482 32 491 31 Other 4000 Thousand PAX Cruise (traditional) +0,2% 2903 2898 3000 Tallinn-St.Petersburg 215 25 244 15 271 275 29 25 Tallinn-Stockholm 2000 4044 4026 Tallinn-Helsinki 2362 2340 1000 0 Q2 2017 Q2 2018 6M 2017 6M 2018
Slide 8: Results of the Group
Results of the Group Stable EBITDA In thousands Q2 2017 Q2 2018 +/- 6M 2017 6M 2018 +/- Revenue 31 662 32 752 3.4% 61 513 62 166 1.1% Adjusted EBITDA 17 326 17 944 3.6% 36 524 35 547 -2.7% Adjusted EBITDA margin 54,7% 54,8% 0.1 59.4% 57.2% -2.2 Operating profit 12 254 12 611 2.9% 26 981 24 950 -7.5%
Slide 9: Cash Flow and Financial Position
Cash Flow and Financial Position Cash Flow statement Financial position 30 June 700 In thousands 6M 2017 6M 2018 600 Cash from operating activities 27 801 38 711 500 341 326 Cash used in investing activities 400 -15 707 -6 291 577 300 581 87 36 Free cash flow (FCF) 12 094 32 420 200 Cash from/used i
Slide 10: Results on segment level
Results on segment level (in millions) Q2 6 months Passenger H 14,2 Passenger H 23,1 14,1 23,4 Cargo H 10,0 Cargo H 20,5 9,9 20,7 Ferry 7,8 Ferry 14,4 6,9 13,3 Other 0,8 Other 4,2 0,8 4,1 -5 0 5 10 15 0 5 10 15 20 25 Revenue 2018 Revenue 2017 Adjusted EBITDA 2018 Adjusted EBITDA 2017
Slide 11: Questions?
@ Questions?
Slide 12: Thank You!
Thank You! IR related questions: Marju Zirel Head of Investor Relations [email protected] portoftallinn.com • investor.ts.ee