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

Interim report T1 2020

Vy is a Nordic transport Group Passenger train Rail freight Revenue 2019: 9 536 MNOK Revenue 2019: 1 036 MNOK 3 010 FTEs 382 FTEs Bus Mobility & Tourism Revenue 2019: 5 934 MNOK Development of mobility 5 347 FTEs services and tourism

INTERN 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 %

INTERN 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

INTERN 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

INTERN 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

INTERN Cash flow

INTERN 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

INTERN 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

INTERN 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

INTERN Vy Mobility & Tourism Active users Din Bybil 13 000 Journeys at Flåm Railway 2019 940 000 Fjord Tours Passenger train Sustainable tourist travel Bus express routes Group Rail freight Cooperates on door to door solutions with:

INTERN 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)

INTERN 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