EXMAR : Half year report 2022

HALF YEAR REPORT

EXMAR

2022

FINANCIAL OVERVIEW

CONSOLIDATED KEY FIGURES (NON-AUDITED)

	International Financial Reporting	Management reporting based on
	Standards (IFRS) (1)	proportionate consolidation (2)
	30 June 2022	30 June 2021	30 June 2022	30 June 2021

CONSOLIDATED RESULTS (IN MILLION USD)

Revenue

EBITDA

Depreciation and impairment losses

Operating result (EBIT)

Net finance result

Share of result of equity accounted investees (net of income tax)

Result before income tax

Income tax expense

Result for the period

Of which Group share

57.1	107.9	100.3	159.1
1.2	61.0	29.9	93.1
0.4	-35.0	-5.9	-47.2
1.6	26.1	24.0	45.9
-8.5	-5.3	-14.0	-11.0
17.0	13.1	0.2	-1.0
10.1	33.9	10.1	33.9
-0.4	-1.2	-0.4	-1.2
9.7	32.7	9.7	32.7
9.6	32.7	9.6	32.7

INFORMATION PER SHARE (IN USD PER SHARE)

Weighted average number of shares of the period	57,226,737	57,226,737	57,226,737	57,226,737
EBITDA	0.02	1.07	0.52	1.63
Operating result (EBIT)	0.03	0.46	0.42	0.80
Result for the period	0.17	0.57	0.17	0.57

INFORMATION PER SHARE (IN EUR PER SHARE)

Exchange rate	1.1006	1.2089	1.1006	1.2089
EBITDA	0.02	0.88	0.47	1.35
Operating result (EBIT)	0.02	0.38	0.38	0.66
Result for the period	0.15	0.47	0.15	0.47

(1) The figures in these columns have been prepared in accordance with IFRS as adopted by the EU (i.e. joint-ventures accounted for at equity method).

(2) The figures in these columns reflect management presentation and include the joint-ventures based on the proportionate consolidation method instead of the equity method.

A reconciliation between the amounts applying the proportionate method and the equity method is included in Note 5 Reconciliation segment reporting of the Financial Report per June 30, 2022.

2 I Half year report 2022

KEY RATIOS

(based on proportionate consolidation method, in million USD)

REVENUE
	159.1
100.3
2022	2021

REVENUE PER SEGMENT

Shipping	Infrastructure	Services
			81.8
69.8	68.7
		24.4
				11.1	14.1
		2022	2021

ADJUSTED EBITDA

ADJUSTED EBITDA PER SEGMENT

	35.8
29.9
2022	2021
EBIT
	45.9
24.0
2022	2021

Shipping	Infrastructure	Services
38.0	35.3
			3.7
		-4.4		-3.7	-3.3
		2022	2021

BASIC EARNINGS PER SHARE

(in USD/share)

	0.57
0.17
2022	2021

Half year report 2022 I 3

ACTIVITY REPORT

SHIPPING 6

INFRASTRUCTURE 10

SUPPORTING SERVICES 14