NSB Group. Presentation interim report T2 2015

Transcription

1 NSB Group Presentation interim report T2 2015

2 The NSB Group is a nordic transport group Passenger train: NSB passenger train, NSB Gjøvikbanen, Svenska Tågkompaniet Bus: Nettbuss Norge, Nettbuss Sverige Freight: CargoNet, RailCombi, Terminaldrift, Tømmervogner Train maintenance: Mantena Norge, Mantena Sverige, TBT (50%) Real estate: ROM Eiendom, Oslo S Utvikling (33%), several SPcompanies

3 Contents Development NSB Group Financial development Business segments Important events

4 Production growth and increase in the number of train journeys Per T Per T Passenger train Number of train journeys - Norway (mill.) 44,1 41,7 Produced seat kilometres - Norway (mill.) Punctuality (Norway) 89,6 % 89,2 % Customer satisfaction (index 0-100) Bus Number of bus journeys (mill.) Produced bus kilometres (mill.) Customer satisfaction express bus (index 0-100) Freight transport Number of transported TEU (1 000) Punctuality 91,1 % 90,0 %

5 Key figures for the NSB Group Per Aug. Per Aug. MNOK Operating revenue Operating profit Profit before income tax Net cash flow from operations ROE % 25,1 % 17,9 % Equity ratio (%) 33,7 % 29,7 % Net interest bearing debt No. of man years (12 month average)

6 Contents Development NSB Group Financial development Business segments Important events

7 NSB Group: Income statement NSB Group MNOK Jan-Aug Jan-Aug Operating revenue Payroll and related expenses Depreciation and impairment Other operating expenses Total operating expenses Share of profit/loss in joint ventures/associates Unrealised value change investment property Operating profit Net financial items Profit before income tax Income tax expense Profit for the period

8 NSB Group: Balance sheet NSB Group MNOK 31. Aug Dec Aug. 14 Property, plant and equipment Investment property Other non-current assets Total non-current assets Cash, bank deposits and financial assets Other current assets Total current assets Total assets Ordinary shares and share premium Restricted equity - revalued investment property Retained earnings Non-controlling interest Total equity Borrowings Deferred income tax liabilities Retirement benefit obligations Provisions for other liabilities and charges Total long term liabilities Total short term liabilities Total equity and liabilities

9 Increased revenue in the passenger train and real estate segments Amount in MNOK

10 Improved operating profit Amount in MNOK

11 High return over the last 12 months Owners target is 6,7 % of value adjusted equity

12 Equity ratio and repayment schedule Equity ratio Repayment schedule

13 Cash flow, MNOK High liquidity reserves as of 31 th of August in preparation for a dividend payment of 753 MNOK as well as financing of future investments.

14 Contents Development NSB Group Financial development Business segments Important events

15 Passenger train Per Aug. Per Aug. MNOK No. of journeys by train i Norway (mill.) 44,1 41,7 Passenger train punctuality index Produced seat km. (mill. in Norway) Operating revenue Operating profit Segment assets Investments No. of man years (12 month average) Target

16 Bus Per Aug. Per Aug. MNOK No. of journeys by bus (mill.) Produced bus km. (mill.) Operating revenue Operating profit Segment assets Investments No. of man years (12 month average)

17 Freight Per Aug. Per Aug. MNOK No. of transported TEUs Norway (1 000) Produced TEU km. Norway (mill.) Operating revenue Operating profit Segment assets Investments Target No. of man years (12 month average)

18 Train maintenance Per Aug. Per Aug. MNOK Operating revenue Operating profit Segment assets Investments 18 9 No. of man years (12 month average)

19 Real estate Per Aug. Per Aug. MNOK Operating revenue Operating profit Segment assets Investments No. of man years (12 month average) A major part of the activities in the real estate operations takes place in associated companies. The no. of man years applies to the parent company ROM Eiendom as

20 Contents Development NSB Group Financial development Business segments Important events

21 Important events NSB Group The Parliament has approved the government s plan for significant changes to the railway sector in Norway Passenger train The purchase of new trains continues and 68 have been received and put into operation 2.4 million more journeys due to improved timetable and increased capacity Svenska Tågkompaniet, NSB s subsidiary in Sweden, will run the regional traffic in northern Sweden which has an annual expected turnover of 220 MNOK Bus Tenders have been awarded in Hedmark and Østersund (Sweden) Freight The efficiency measures have given several good results and the work continues Real estate The new descent from Akrobaten Bridge to platform 2 at Oslo Central Station has been completed and opened Drammen municipality, ROM Eiendom and Jernbaneverket (National Rail Administration) have signed a new cooperation agreement for development of railway properties in Drammen Train maintenance Mantena has reorganised their operations to meet increased demands to deliver cost-effective services in a competitive market

22 Financial calendar Board meeting: Results: Interim report August Annual report 2015 The interim and annual reports are available at nsbkonsernet.no 22