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AS Tallinna Sadam operational volumes for 2022 full year and Q4

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In  2022, 7 million passengers and 18 million tonnes of cargo passed through the
harbours of Tallinna Sadam. The annual number of passengers increased by 98%, or
3.5 million passengers, recovering from the movement restrictions related to the
pandemic.  Compared to  last year,  the cargo  volume decreased  by 21%, or 4.6
million  tons, due to the implementation of sanctions on Russian and Belarussian
cargo.  The decline  in liquid  bulk and  dry bulk  volumes due to sanctions was
somewhat  offset by growth in all other  cargo types. The number of vessel calls
was  relatively stable,  decreasing by  only 2% to  7,130 visits. The  number of
passengers  between  the  Estonian  mainland  and  the  main  islands  recovered
increased  by 4%. The number of charter days of the icebreaker Botnica decreased
by 7% due to the shorter charter period of the Canadian project in Q4.

In  Q4, 1.7 million passengers  visited the harbours  of Tallinna Sadam and 3.9
million  tonnes of cargo was handled.  Compared to Q4 2021, the passenger volume
increased  by 39% supported by  Helsinki and Stockholm  lines, whereas the cargo
volume  decreased by 17%. The  number of vessel  calls decreased by 12% to 1600
calls, being affected by the decrease in cargo volumes and changes of chartering
and  sales of passenger ships by  passenger operators.  The number of passengers
travelling  between the Estonian  mainland and the  main islands remained at the
same  level and the number of vehicles  decreased by 5%. The utility rate of the
icebreaker Botnica was 47%, a decrease of 30 percentage points.

According to Valdo Kalm, chairman of the management board of Tallinna Sadam, the
recovery  of passenger business  continues at a  faster pace than expected. "The
number  of passengers has  doubled in a  year, and a  brand new, larger ship m/s
MyStar  was  added  to  the  Helsinki  line  in December, which will continue to
support  the growth of the passenger business. Today, we have managed to recover
to  72% of the pre-pandemic level,"  said Kalm. "We are  very happy that despite
St. Petersburg's disappearance from the cruise map, 170 thousand cruise tourists
found  their way to Tallinn and 2,000 to Saaremaa again, which is in total three
times more than last year," said Kalm.

In  terms of  cargo volumes,  the growth  of ro-ro,  container and general cargo
volumes  continues,  but  the  overall  cargo  volume  has  decreased due to the
sanctions  imposed on Russia. Sanctions affect  the handling of liquid cargo and
fertilizers  (bulk), from  December the  European Union  embargo on  oil and oil
products of Russian origin came into force in Estonia.

People  travelled to  the Estonian  islands with  the ferries  more than  a year
before.  The  icebreaker  Botnica  continued  the  same  course as last year but
returned from the summer work in Canada a bit earlier than in 2021.

The  operational volumes of  Tallinna Sadam group  for 2022 Q4 and 12 months are
presented in the following table. The data for the Q4 2022 are preliminary as of
05.01.2023. The  final  volumes  for  the  period  may  be specified and will be
published in the following financial report.

                                            Q4     Q4
                                          2022   2021 Change    2022   2021   Change

 Cargo volume by type of cargo
 (th tonnes)                             3 874  4 688 -17,4%  17 761  22 397  -20,7%

 Ro-ro                                   1 654  1 671  -1,0%   6 891   6 488    6,2%

 Liquid bulk                               835  1 441 -42,1%   5 160   8 837  -41,6%

 Dry bulk                                  765    956 -20,0%   2 947   4 693  -37,2%

 Containers                                472    502  -6,0%   2 120   1 893   12,0%

 in TEUs                                60 664 60 536   0,2% 267 752 226 689   18,1%

 General cargo                             134    118  13,4%     611     485   26,1%

 Non-marine                                 14      0      -      32       1 3853,1%





 Number of passengers by routes (th)     1 690  1 215  39,0%   7 027   3 542   98,4%

 Tallinn-Helsinki                        1 522  1 059  43,7%   6 155   3 012  104,3%

 Tallinn-Stockholm                         125    103  21,6%     454     208  118,3%

 Muuga-Vuosaari                             29     31  -5,5%     158     130   21,8%

 Cruise (traditional)                        2      9 -75,3%     172      63  172,8%

 Other                                      11     13 -16,0%      87     129  -32,7%





 Number of vessel calls by vessel type   1 600  1 809 -11,6%   7 130   7 333   -2,8%

 Cargo vessels                             327    367 -10,9%   1 458   1 654  -11,9%

 Passenger vessels (incl. Ro-Pax)        1 272  1 436 -11,4%   5 493   5 634   -2,5%

 Cruise vessels (traditional)                1      6 -83,3%     179      45  297,8%



 Ferries*

 (Saaremaa and Hiiumaa lines)

 Passengers (th)                           447    445   0,3%   2 299   2 204    4,3%

 Vehicles (th)                             225    238  -5,3%   1 097   1 100   -0,2%



 Icebreaker Botnica

 Charter days                               43     61 -29,5%     249     267   -6,7%

 Utility rate (%)                          47%    66% -29,5%     68%     73%   -6,7%

*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/
Detailed  statistics  on  the  number  of  passengers  and vehicles on passenger
ferries: https://www.praamid.ee/wp/statistics/

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 2021
totalled  EUR 110 million,  adjusted EBITDA  EUR 54 million  and profit  EUR 26
million.

Additional information:

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

[email protected] (mailto:[email protected])