Tallinna Sadam

Earnings Release • Jul 9, 2024

Company AS TALLINNA SADAM

Type Company Release

Category Management interim statement or quaterly financial report

Disclosure time 09 Jul 2024 08:00:00 +0300

Attachments:

• TS KPI Q2 2024 ENG.pdf (http://oam.fi.ee/en/download?id=8574)

• TS KPI Q2 2024 EST.pdf (http://oam.fi.ee/en/download?id=8575)

Currency

Title

AS Tallinna Sadam operational volumes for 2024 Q2 and 6 months

In 2024 Q2, 3.2 million tonnes of cargo and 2.2 million passengers passed through the harbors of Tallinna Sadam. Compared to the same period of previous year, the number of passengers increased by 0.7% i.e. 16 thousand passengers whereas the cargo volume decreased by 0.6%. The number of vessel calls remained at a similar level reaching 1804 calls. The number of passengers travelling between the Estonian mainland and the main islands decreased by 0.5%, however the number of vehicles increased by 1%. The number of charter days of the icebreaker Botnica increased by 86%, utility rate of the vessel was 59%.

Valdo Kalm, the chairman of the management board of Tallinna Sadam, commented on the results as follows: "We see stable growth in cargo volumes and I would point out the growth in the largest cargo type, which is ro-ro. Also, containers cargo continues to grow. An increase in the number of passengers is led by both Finnish travel-lines. We are particularly pleased with the increase in ship visits to our ports, as this has a significant impact on the company's turnover. Total volume of 3.2 tonnes of cargo is comparable to the same period of the previous year. The container volumes (+11%) and ro-ro cargo (+8%) have increased the most. Liquid bulk and general cargo showed a decrease. The total number of passengers 2.2 was slightly more than in the previous year. The numbers have grown the most on Tallinn-Helsinki and Muuga-Vuosaari lines. Shipping volumes, i.e. the number of trips and vehicles served by our own ferries, showed a slight increase. April saw significantly fewer passengers and vehicles compared to the previous year, but May and June broke many records, especially during Midsummer week. The number of charter days of the icebreaker Botnica increased significantly, as compared to previous year as it succeeded to start the project-based summer work earlier than last year," said Valdo Kalm.

The operational volumes of Tallinna Sadam group for 2024 Q2 and 6 months are presented in the following table. The data for Q2 2024 is preliminary as at 09.07.2024. The final volumes for the period may be specified and will be

Finantsinspektsioon http://www.fi.ee

published in the following financial report.

			Q2 2024 Q2 2023 change 6M 2024 6M 2023 change
Cargo volume by type of cargo	3 232	3 251	-0.6%	6 596	6 614	-0.3%
(th tonnes)
Ro-ro	1 810	1 681	7.7%	3 476	3 410	1.9%
Liquid bulk	312		463 -32.6%	648		978 -33.7%
Dry bulk	483	515	-6.2%	1 203	1 041	15.5%
Containers	522	469	11.4%	1 028	936	9.8%
in TEUs	64 234	56 062	14.6% 125 486 108 711			15.4%
General cargo	102		122 -16.4%	233	226	3.5%
Non-marine	3		1 108.3%	7		23 -70.0%
Number of passengers by routes (th)	2 165	2 150	0.7%	3 631	3 546	2.4%
Tallinn-Helsinki	1 891	1 865	1.4%	3 208	3 121	2.8%
Tallinn-Stockholm	157	158	-1.1%	255	260	-1.8%
Muuga-Vuosaari	52	48	9.3%	93	75	24.3%
Cruise (traditional)	54		69 -22.7%	54		69 -22.7%
Other	11	9	20.3%	20	21	3.1%
Number of vessel calls by vessel
type	1 804	1 801	0.2%	3 431	3 519	-2.5%
Cargo vessels	357	379	-5.8%	686	700	-2.0%
Passenger vessels (incl. Ro-Pax)	1 419	1 378	3.0%	2 717	2 775	-2.1%
Cruise vessels (traditional)	28		44 -36.4%	28		44 -36.4%

Finantsinspektsioon http://www.fi.ee

Ferries*

(Saaremaa and Hiiumaa lines)

Number of trips	6 232	6 180	0.8%	11 060	10 839	2.0%
Number of passengers (th)	667	671	-0.5%	1 039	1 021	1.8%
Number of vehicles (th)	316	312	1.3%	507	493	2.9%

Icebreaker Botnica

Charter days	54	29	86.2%	145	119	21.8%
Utility rate (%)	59%	32%	86.2%	80%	66%	21.2%

*Ferry traffic volumes show the general demand for the service, but do not directly affect the financial results of the ferry segment, as the fee is fixed in the service contract regardless of the number of passengers and vehicles served.

More detailed statistics of passengers by nationality, gender and routes on monthly basis, can be viewed on the Tallinna Sadam web page: https://www.ts.ee/en/statistics/. We also publish quarterly key figures in xlsx format: https://www.ts.ee/en/investor/key-figures/ Detailed statistics on the number of passengers and vehicles on passenger ferries can be found here: https://www.praamid.ee/wp/statistics/

Tallinna Sadam is one of the largest cargo- and passenger port complexes in the Baltic Sea region. In addition to passenger and freight services, Tallinna Sadam group also operates in shipping business via its subsidiaries - OÜ TS Laevad provides ferry services between the Estonian mainland and the largest islands, and OÜ TS Shipping charters its multifunctional vessel Botnica for icebreaking and offshore services in Estonia and projects abroad. Tallinna Sadam group is also a shareholder of an associate AS Green Marine, which provides waste management services.

Additional information:

Andrus Ait Chief Financial Officer Tel. +372 526 0735 a.ait@ts.ee (mailto:a.ait@ts.ee)

Finantsinspektsioon http://www.fi.ee