NSB Group Annual report 2016

Transcription

1 NSB Group Annual report 2016

2 Growth in number of journeys Passenger train Number of train journeys - Norway (mill.) 72,3 72,4 Produced seat kilometres - Norway (mill.) Punctuality (Norway) 88,3 % 88,6 % 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 93,6 % 91,9 %

3 Key figures MNOK Operating revenue Operating profit Profit before income tax Net cash flow from operations ROE % 12,1 % 23,5 % Equity ratio (%) 34,3 % 34,1 % Net interest-bearing debt No. of man years (12 month average)

4 Income statement MNOK 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 expence Profit for the year The above figures are for the total operations in 2016 including both discontinued and continuing operations and are stated according to note 2 in the annual report 2016

5 Financial position MNOK 31. Dec Dec. 15 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 -1 3 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 The above figures are for the total operations in 2016 including both discontinued and continuing operations and are stated according to note 2 in the annual report 2016

6

7 Increased revenue for the passenger train and bus segments Figures in MNOK

8 Improved operating profit in the bus segment Figures in MNOK

9 High return on capital Return on equity Owners target is 6,7 % of value adjusted equity Return on capital employed

10 Equity and borrowings Repayment schedule The figure shows the repayment schedule of NSB AS and Materiellselskapet AS. The repayment in 2017 applies NSB AS, the repayment the following years applies to Materiellselskapet AS.

11 Cash flow in MNOK

12

13 Passenger train MNOK No. of journeys by train (mill.) 72,3 72,4 Produced seat km. (mill. in Norway) Operating revenue Operating profit Segment assets Investments No. of man years (12 month average) Beløp i MNOK

14 Freight MNOK No. of transported TEUs Norway (1 000) Operating revenue Operating profit Segment assets Investments 13 8 No. of man years (12 month average) Beløp i MNOK

15 Real estate 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 take place in associated companies. The no. of man years applies to the parent company ROM Eiendom AS Beløp i MNOK

16 Bus MNOK No. of journeys by bus (mill.) 118,8 109,6 Produced bus km. (mill.) Operating revenue Operating profit Segment assets Investments No. of man years (12 month average) Beløp i MNOK

17 Train maintenance MNOK Operating revenue 1 468, ,0 Operating profit Segment assets Investments No. of man years (12 month average) Beløp i MNOK

18

19 Important events NSB Group NSB was awarded the Ipsos reputation reward for 2016 for continuous progress in all reputation surveys since Due to the railway reform NSB s role and business activities will alter significantly from Train maintenance represented by Mantena AS and property operations represented by ROM AS, as well as two newly established companies for ownership of rolling stock and ownership of sales and ticketing solutions will be demerged from the NSB Group, effective from 1 January Passenger train As a part of the railway reform, the Norwegian government has announced two tenders relating to passenger rail services service package South and service package North with operations commencing in December 2018 and NSB AS has implemented a change programme to prepare for such tenders. Organisation and staffing will both have to be adapted to the new situation in the Norwegian market. The strike in the autumn of 2016 had a negative impact on the no. of journeys and operating revenue. Bus After several years of extensive restructuring, Nettbuss has now achieved a satisfactory level of profitability in the Norwegian express bus market. In Sweden, express bus operations have grown their market share. In 2016, Nettbuss was awarded contracts commencing in 2017 for 50 buses, with a total value of NOK 350 million over the contract period. Freight A new direct service to Skåne and Europe was established. Reduced revenue and volume due to the autumn strike. Real estate The positive result in 2016 stems mainly from gains on property sales and unrealised changes in the value of investment property. Travel Established as separate business area from June

20 Financial calendar Board meeting: Results: Annual report Interim report April 2017 The annual report is available at nsbkonsernet.no