Interim report T1 2020 Vy is a Nordic transport Group Passenger - - PowerPoint PPT Presentation

Interim report T1 2020

Passenger train

Revenue 2019: 9 536 MNOK 3 010 FTEs

Bus Rail freight

Revenue 2019: 1 036 MNOK 382 FTEs

Mobility & Tourism

Development of mobility services and tourism

Vy is a Nordic transport Group

Revenue 2019: 5 934 MNOK 5 347 FTEs

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Key figures

T1 2020 T1 2019 Passenger train Number of train journeys - Norway (mill.) 16,0 24,9 Produced seat kilometres - Norway (mill.) 3 733 3 573 Punctuality (Norway) 90 % 89 % Customer satisfaction (index 0-100) NA 74 Bus Number of bus journeys (mill.) 26 41 Produced bus kilometres (mill.) 55 58 Customer satisfaction express bus (index 0-100) 77 77 Freight transport Number of transported TEU (1 000) 97 92 Net tonnkm. (mill.) 894 1 015 Punctuality 95 % 93 %

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Vy is negatively affected by the COVID-19 pandemic

MNOK T1 2020 T1 2019 Operating revenue 5 148 5 511 Operating profit

• 77

167 Profit before income tax

• 217

137 Net cash flow from operations 111 896 ROE % 5,8 % 10,9 % Equity ratio (%) 30,9 % 28,6 % Net interest-bearing debt 4 943 3 835

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COVID-19 negatively affects revenue and profits

MNOK T1 2020 T1 2019 Operating revenue 5 148 5 511 Payroll and related expenses 2 217 2 189 Depreciation and impairment 724 712 Other operating expenses 2 273 2 438 Total operating expenses 5 214 5 340 Share of profit/loss in joint ventures/associates

• 11
• 5

Operating profit

• 77

167 Net financial items

• 141
• 30

Profit before income tax

• 217

137 Income tax expence 49

• 31

Profit for the year

• 168

106

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Financial position

MNOK

• 30. Apr. 20
• 31. Dec. 19

Total non-current assets 10 087 9 169 Total current assets 5 560 7 603 Total assets 15 646 16 772 Total equity 4 834 4 873 Total long term liabilities 6 772 7 077 Total short term liabilities 4 040 4 822 Total equity and liabilities 15 646 16 772

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Cash flow

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Vy passenger train

T1 2020 T1 2019

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

16,0 24,9 Produced seat km. (mill. in Norway) 3 733 3 573 Operating revenue 2 673 3 047 Operating profit 70 218 Segment assets 5 345 5 970 Investments 9 163 FTEs 3 010 3 065

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Vy bus

T1 2020 T1 2019

• No. of journeys by bus (mill.)

26,0 41,3 Produced bus km. (mill.) 55 58 Operating revenue 1 941 1 928 Operating profit

• 28

43 Segment assets 5 862 5 305 Investments 109 209 FTEs 5 347 5 510

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Rail freight

T1 2020 T1 2019

• No. of transported TEUs Norway (1 000)

97 92 Net tonnekm. (mill.) 894 1 015 Operating revenue 318 337 Operating profit 3

• 18

Segment assets 1 159 1 244 Investments 12 16 FTEs 383 410

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Vy Mobility & Tourism

Active users Din Bybil Journeys at Flåm Railway 2019

Sustainable tourist travel

Cooperates on door to door solutions with:

13 000 940 000 Fjord Tours Group

Passenger train Bus express routes Rail freight

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Important events

• The no. of travels are affected by the Covid-19 pandemic
• The growth in demand for passenger train and bus services continued in the beginning of the year, but as a result of the

infection control measures implemented from March 12 to contain the spread of the Covid-19 pandemic, the number of journeys fell to 10-20 % of the normal level.

• The Vy Group's tourism segment is also severely affected by the pandemic, and there has been a 75 per cent reduction in

travel with the Flåmsbana and cancellations and reductions in future bookings for Fjord Tours

• Implementation of measures to reduce the financial impact for the company of the Covid-19 pandemic
• Maintaining the public purchase route offer
• Significant reduction in the commercial offer for both trains and buses
• Layoffs and other measures to reduce costs
• Work on securing support schemes from the authorities and public purchase bodies
• Recommendation to the owner to refrain from dividends to strengthen equity and liquidity
• Purchase of Flygbussarna in Sweden
• Vy Bus took over Flygbussarna in Sweden on March 1
• Improved punctuality
• Punctuality for passenger trains at 90 percent (89) and freight trains 95 percent (93)

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Financial calendar

Board meeting: Report: 26.05.2020 Interim report T1 2020 25.09.2020 Interim report T2 2020

• The reports are published at Vy.no