AS Tallinna Sadam operational volumes for 2021 Q3

According to Marko Raid, CFO and the member of the management board of Tallinna Sadam, the total cargo volume showed strong growth in Q3 which was mainly supported by liquid bulk. “The significant increase in the liquid bulk volume was achieved through short-term projects with a slightly lower margin due to intensified competition. For ro-ro goods, demand for road transport continues to grow. The slight decrease in dry bulk was due to the reduced volumes of grain handling," said Raid...

In 2021 Q3, 08/10/2021 (informazione.news - comunicati stampa - turismo)

According to Marko Raid, CFO and the member of the management board of Tallinna Sadam, the total cargo volume showed strong growth in Q3 which was mainly supported by liquid bulk. “The significant increase in the liquid bulk volume was achieved through short-term projects with a slightly lower margin due to intensified competition. For ro-ro goods, demand for road transport continues to grow. The slight decrease in dry bulk was due to the reduced volumes of grain handling," said Raid. In 9 months, the cargo volume increased by 14% due to the growth of liquid bulk, ro-ro and dry bulk.

The number of passengers decreased by 16% in the third quarter and by -37% in the first 9 months due to the continuing movement restrictions related to the COVID-19 pandemic and a reduction in people's confidence and travel due to the instable situation. "Compared to last year, we had significantly fewer passengers in the summer months, especially due to the restrictions imposed by the Finnish state and the recommendation to its citizens not to travel abroad, which the Finns followed. In September, when Finland's attitude and recommendation became more favorable for travel as the level of vaccination increased, we immediately saw an increase in the number of passengers on the Helsinki route by almost 30% year-on-year. Therefore, we are also optimistic about the growth continuing in the coming months,” Raid explained. Compared to the previous year, the Stockholm line was open from July and 39 cruise ship visits took place. In 2020, the Stockholm line was closed and cruise ships did not visit Tallinn.

In this summer, people travelled to the Estonian islands with the ferries slightly more than a year before. The icebreaker Botnica continued on the same course as last year and left for Canada at the end of June for summer work near Baffin Island from which it will return in the fourth quarter.

The operational volumes of Tallinna Sadam group for 2021 Q3 and 9 months:

*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 now also publish quarterly key figures in xlsx format: https://www.ts.ee/en/investor/key-figures/

Tallinna Sadam is one of the largest cargo- and passenger port complexes in the Baltic Sea region, which serves annually 10 million passengers and 20 million tons of cargo in average. 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 construction services in Estonia and offshore projects abroad. Tallinna Sadam group is also a shareholder of an associate AS Green Marine, which provides waste management services. The group's sales in 2020 totalled EUR 107.4 million, adjusted EBITDA EUR 58.4 million and profit EUR 28.5 million.

Additional information:

Marju Zirel
Head of Investor Relations
Tel. +372 5342 6591

m.zirel@ts.ee

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