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's activity report 2022

OÜ HT Ship Services is a subsidiary wholly owned by AS Tallink Group with a share capital of 25,564 euros.

The main activity of OÜ HT Ship Services is the technical and safety management of ships in accordance with the requirements of the ISM Code. The ISM Code is a management code used in shipping, according to which only organizations that have a documented management system, where the powers and responsibilities of the organization and its employees and the descriptions of processes are clearly defined, can own and/or rent and/or manage (lead) a ship. This system must be certified by the ship's flag administration.

In 2022, activities related to the supervision of the construction of the new ship MyStar being built at the Rauma RMC factory and its handover continued. The ship started operating in December 2022. In cooperation with ports, 11 kV shore power connection options were created for ships in addition to Stockholm and Tallinn also in the South Harbor of Helsinki.

OÜ HT Ship Services continued to monitor and optimize the energy efficiency of ships to find fleet-wide suitable solutions for reducing CO2 emissions.

With the end of travel restrictions caused by COVID, the ships were prepared for regular operations again.

The priority continues to be the organization of ship maintenance and repair within the limits provided for in the budgets and ensuring the safe and secure operation of ships, planning regular dockings and necessary updates of ships.

In 2023, it is planned to continue with the technical and safety management of ships in accordance with the requirements of the ISM Code and to provide crewing services on Tallink Group ships. Taking into account the aftermath of COVID-19 and Russia's military aggression in Ukraine, the company's service volumes have decreased. Russia's military aggression in Ukraine has caused the movement of war refugees and the need for accommodation, and therefore some ships have been chartered as accommodation ships in European ports. It is currently difficult to assess the exact post-crisis recovery.

On February 6, 2023, we signed a new four-year collective agreement with the Estonian Independent Seamen's Union.

The sales revenue of OÜ HT Ship Services in the current financial year was 21,314,725 euros and the profit from economic activities was 740 euros.

Main financial ratios: (in euros) 2022 2021

Sales revenue 21,314,725 16,795,513

Change in sales revenue 27% -16%

Gross profit margin -6% -21%

Net profit 740 184,301

Change in profit -100% 22%

Net profitability 0.00% 0.75%

Short-term obligations coverage ratio 1.48 1.10

ROA 0.01% 3.89%

ROE 0.04% 11.15%

Formulas used in calculating ratios:

Change in sales revenue (%) = (sales revenue 2022 - sales revenue 2021)/ sales revenue 2021 * 100

Gross profit margin (%) = gross profit/sales revenue * 100

Profit growth (%) = (net profit 2022 - net profit 2021)/ net profit 2021 * 100

Net profitability (%) = net profit/ sales revenue * 100

Short-term obligations coverage ratio (times) = current assets/ short-term obligations

ROA (%) = net profit/ total assets * 100

ROE (%) = net profit/ total equity * 100 /signed digitally/

Tarvi-Carlos Tuulik

Board Member