Interim report per April 2018 May 30th 2018 NSB Group Passenger - - PowerPoint PPT Presentation

Interim report per April 2018

May 30th 2018

NSB Group

Passenger train Bus Freight Travel

Annual revenue 2017: 7 966 MNOK 3 119 man years Annual revenue 2017: 6 075 MNOK 5 417 man years Annual revenue 2017: 1 027 MNOK 443 man years Continued growth in no.

• f travels for Flåmsbana

and other tourist destinations

Passenger train growth

T1 2018 T1 2017 Passenger train Number of train journeys - Norway (mill.) 23,4 22,0 Produced seat kilometres - Norway (mill.) 3 673 3 445 Punctuality (Norway) 86 % 91 % Customer satisfaction (index 0-100) 71 76 Bus Number of bus journeys (mill.) 42 46 Produced bus kilometres (mill.) 59 59 Customer satisfaction express bus (index 0-100) 78 79 Freight transport Number of transported TEU (1 000) 112 114 Net tonnkm. (mill.) 1 110 1 081 Punctuality 90 % 95 %

Key figures

MNOK T1 2018 T1 2017 Operating revenue 5 187 4 778 Operating profit 97 57 Profit before income tax 29 63 Net cash flow from operations 974 76 ROE % 12,4 % 9,3 % Equity ratio (%) 27,7 % 32,6 % Net interest-bearing debt 4 345

• 1 359
• No. of man years

8 979 8 923

• Adjusted for implementation effects IFRS 16 the operating profit is at the same level as in T1 2017

Income statement

• The Group has implemented IFRS 16 with effect from 1st January 2018. Figures for 2017 have not been restated.
• Implementation of IFRS 16 affects operating profit (40 MNOK), financial result (- 57 MNOK) and profit after tax (-15 MNOK) for 2018.

MNOK T1 2018 T1 2017 Operating revenue 5 187 4 778 Payroll and related expenses 2 144 2 084 Depreciation and impairment 681 221 Other operating expenses 2 264 2 419 Total operating expenses 5 090 4 723 Share of profit/loss in joint ventures/associates 1 2 Operating profit 97 57 Net financial items

• 69

7 Profit before income tax 29 63 Income tax expence

• 2
• 17

Profit for the year 27 46

Balance sheet

• The Group has implemented IFRS 16 with effect from 1st January 2018. Figures for 2017 have not been restated.
• Implementation of the standard has resulted in an increase in assets and liablilities of 7 039 MNOK.

MNOK

• 30. Apr. 18
• 30. Apr. 17

Total non-current assets 9 989 3 638 Total current assets 7 980 10 305 Total assets 17 970 13 943 Total equity 4 982 4 547 Total long term liabilities 8 706 3 462 Total short term liabilities 4 282 5 934 Total equity and liabilities 17 970 13 943

Development in operating revenue

Development in operating profit

Business segments

Passenger train

Amounts in MNOK

• The Group has implemented IFRS 16 with effect from 1st January 2018. Figures for 2017 have not been restated.
• Adjusted for the implementation effect of IFRS 16 the net increase in operating profit is 25 MNOK.

T1 2018 T1 2017

• No. of journeys by train (mill. in Norway)

23,4 22,0 Produced seat km. (mill. in Norway) 3 673 3 445 Operating revenue 2 798 2 485 Operating profit 102 42 Segment assets 12 424 8 459 Investments 6

• No. of man years

3 119 3 246

Bus

Amounts in MNOK

T1 2018 T1 2017

• No. of journeys by bus (mill.)

42,0 45,8 Produced bus km. (mill.) 59 59 Operating revenue 2 074 1 982 Operating profit 42 42 Segment assets 5 535 4 437 Investments 42 46

• No. of man years

5 417 5 229

Freight

Amounts in MNOK

T1 2018 T1 2017

• No. of transported TEUs Norway (1 000)

112 114 Net tonnekm. (mill.) 1 110 1 081 Operating revenue 332 332 Operating profit

• 46
• 28

Segment assets 1 392 1 051 Investments 12 6

• No. of man years

443 448

Positive development for travel

• Close to 1 million travels with Flåmsbana in

2017

• Most of the travels are in the summer

season

• Preorders indicate a continuing positive

trend both for Flåmsbana and Fjord Tours in 2018

Important events

NSB Group  6 000 Norwegians have named NSB «Norways most sustainable company 2018» in the Sustainable Brand Index, the Nordic regions largest brand survey on sustainability.  NSB har signed a letter of intent for rental of electric city cars in Oslo. The agreemnet has been signed with the company GreenMobility, which offers city cars in Copenhagen. Passenger train  On the 28th of February 2018, the new traffic agreements between the Norwegian Railway Directorate (Jernbanedirektoratet) and NSB Persontog and NSB Gjøvikbanen were signed. The traffic agreements expire 2022 and 2024 respectively.  NSB's offer for “Trafikkpakke Sør” was presented to the Norwegian Railway Directorate just before Easter. In October the decision will be made regarding which train company will operate Sørlandsbanen, Jærbanen and Arendalsbanen from 15th of December 2019. Bus  Nettbuss has been rewarded four contracts in the tender in Romerike from 2019. The contracts have an annual revenue of

• approx. 390 MNOK.

 Nettbuss entered a contract with Belgian Van Hool for the purchase of 44 metro buses for use in the tender in Trondheim from

• 2019. The purchase of metro buses will form the basis of the new public transport offer by bus from August 2019.

 Nettbuss puts three electric buses in operation in Østersund (Sweden). This is the first contract for Nettbuss in Sweden where electric buses are included in the operation. Freight  Biltema has chosen CargoNet as transporting company from Sweden to Norway. Travel  Flåmsbana had close to one million travels in 2017. Most of the sale is made during the summer season, and preorders indicate a continuing positive trend both for Flåmsbana and Fjord Tours in 2018.

Financial calendar

Board meeting: Results: 28.09.2018 Interim report August 2018 14.02.2019 Annual report 2018

• The interim report is available at nsbkonsernet.no