TALLINK GRUPP IS THE LEADING SHORT CRUISE AND FERRY OPERATOR

Currently the strategic focus is on managing costs and cash flows to ensure sustainability and to bring Tallink Grupp through the global crisis

Tallink’s vision is to be the market pioneer in Europe by offering excellence in leisure and business travel and sea transportation services

Long term objectives toward increasing the company value and profitability:• Strive for the highest level of customer satisfaction• Increase volumes and strengthen the leading position on our home markets• Develop a wide range of quality services directed to different customers and

pursue new growth opportunities• Ensure cost efficient operations• Manage the optimal debt level that will allow sustainable dividends

Current strategic cornerstones and competitive advantages:

KEY INFORMATION 2020

STRATEGIC PLAN

MOST MODERN FLEET

WIDE ROUTE NETWORK

STRONG MARKET SHARE & BRAND AWARENESS

HIGH SAFETY LEVEL & ENVIRONMENTAL STANDARDS

ONBOARD TAX-FREE SHOPPING & CATERING

OVERNIGHT CRUISE & PASSENGER TRANSPORTATION

CARGO TRANSPORTATION4 HOTELSLEISURE & CITY BREAK

Turku-Stockholm

Baltic PrincessBuilt: 2008Length: 212mPassengers: 2800Lanemeters: 1130

Tallinn-Helsinki

StarBuilt: 2007Length: 186 mPassengers: 2080Lanemeters: 2000

Tallinn-Helsinki

MegastarBuilt: 2017Length: 212 mPassengers: 2800Lanemeters: 3600 Turku-Stockholm

GalaxyBuilt: 2006Length: 212mPassengers: 2800Lanemeters: 1130

Helsinki-Stockholm

Silja SymphonyBuilt: 1991Length: 203mPassengers: 2852Lanemeters: 950

Helsinki-Stockholm

Silja SerenadeBuilt: 1990Length: 203mPassengers: 2852Lanemeters: 950

Tallink Spa & ConferenceRooms: 300Aqua Spa Tallinn

Tallink ExpressRooms: 166Resto & Bar TempoReopening in spring

OUR FLEET CONSISTS OF 15 ICE CLASS SHIPS AND HAS A VALUE OF EUR 1.1 BILLION WE OPERATE 4 HOTELS (1054 ROOMS)

Atlantic Vision Built: 2002Length: 203.3mPassengers: 728Lanemeters: 1900Chartered out

Riga-Stockholm

IsabelleBuilt: 1989Length: 171mPassengers: 2480Lanemeters: 850

Paldiski-Kapellskär

Regal Star Built: 1999Length: 157mPassengers: 80Lanemeters: 2087

Tallinn-Helsinki

Silja EuropaBuilt: 1993Length: 202mPassengers: 3123Lanemeters: 932

Muuga-Vuosaari

Sea WindBuilt: 1972Length: 155.0mPassengers: 260Lanemeters: 1100

Tallinn-Stockholm

Victoria IBuilt: 2004Length: 193mPassengers: 2500Lanemeters: 1030

Tallinn-Stockholm

Baltic QueenBuilt: 2009Length: 212mPassengers: 2800Lanemeters: 1130

Riga-Stockholm

RomantikaBuilt: 2002Length: 193mPassengers: 2500Lanemeters: 1030

HISTORY1883 1910 1928 1957 1965 1989 1990 1996 2001 2002 2003 2004 2005 2006 2009 2011 2015 2017 2018 2019Finnish

SteamshipCo founded

Service between Turku &

Stockholm

Service between Helsinki & Stockholm

Silja Line established

Tallinn-Helsinki route

Tallink founded

One vessel. 166 th

passengersManagement

buyoutTallinn-Stockholm

routeFirst newbuilt cruise ferry

Private placement

Hotel operation

startsIPO

Rights Issue. Tallink and Silja

Line merged

Over 1.3 billion euros invested during the fleet investment program.

8M passengers reached9M passengers 1.3M Club One members

2.0M Club One members

New generation LNG Shuttle ferry

Secondary listing on Nasdaq Helsinki

Second LNG Shuttle ferry building contract signed

AGE OF FLEET BY VALUE

WE OPERATE IN THE NORTHERN PART OF THE BALTIC SEA

L I T H U A N I A

Vilnius

B A L T I C S E A

S W E D E N

E S T O N I A

L A T V I A

B E L A R U S

P O L A N DG E R M A N Y

F I N L A N D

Stockholm

MariehamnTurku Helsinki

Tallinn

Riga

Vuosaari

MuugaPaldiski

Kapellskär

5.5 m

10.4 m1.3 m

1.9 m

38% of the hotel guests arrive with Tallink ships

Tallinn

Tallinn

Tallink Hotel RigaRooms: 256ConferenceGYMReopening in springRiga

Tallinn

WWW.TALLINK.COM

Passengers transported 3 732 102Sales 443 mil EUREBITDA 8 mil EURNet Loss 108 mil EURAverage number of employees 6 104EPS -0.162 EUR

P/E -ROA -6.1%ROE -14.1%Equity Ratio 47%EBITDA Margin 1.8%Book value per share 1.066 EUR

THE PASSENGER MARKET SHARE OF TALLINK GRUPP IS 50% IN THE NORTHERN BALTIC SEA

GROUP OF STRONG BRANDS

Core fleet 16 yearsCargo vessels 29 years

Superfast vessel 19 years

AS TALLINK GRUPP Sadama 5 Reg. Nr.:10238429 Phone: +372 6 409 800 Fax: +372 6 409 810 E-mail: info@tallink.com MAY 2021 Investor Relations E-mail: joonas.joost@tallink.ee Phone: +372 640 9811

2020

SailorBuilt: 1987Length: 157.6mPassengers: 119Lanemeters: 1500Paldiski-Kapellskär

Tallink CityRooms: 332ConferenceNightclubReopening in summer

25+years

1-10 years

16-25years 11-15

years

2017 2018 2019 2020

20

18

16

14

12

10

8

6

4

2

0

Total market 7.4 million passengers

Viking Line

Tallink Grupp

Eckerö LineOther

3.7 million passengers

REVENUESTRUCTURE

Restaurant & shop sales

52%Cargo

21%

Ticket22%

Accom.1%

Leases2%

Other2%

Finland-Sweden34%

Finland-Estonia45%

Other10%

Swe-Est8%

Lat-Swe3%

REVENUEBY LINES

COSTSTRUCTURE

Staff20%

Goods20%

Shipoperating

6%Financial

Amorti- zation

17% Other

Marketing & Admin

12%

Port 11%

Fuel 10%

3% 1%

Finnish44%

Estonian19%

Swedish8%

Europe6%

Asia 1%

LATRUS

LIT

5%

3%2%Other 1%

PASSENGERS2020

THE SEGMENT RESULT IS THE RESULT BEFORE ADMINISTRATIVE EXPENSES, FINANCIAL EXPENSES AND TAXES QUARTERLY PASSENGER SPENDING, HIGHS AND LOWS

TALLINK HAS BEEN A LEADING STOCK ON THE BALTIC MARKET IN LIQUIDITY, MARKET CAPITALIZATION AND HAS A RETAIL SHAREHOLDER BASE AROUND 19 900 SHAREHOLDERS AND 5 700 FDR-HOLDERS

OWNERSHIP & MANAGEMENTSEGMENT RESULT BY ROUTES

FINANCIALS OUR POSITION IN THE WORLD SHARE PRICE DEVELOPMENT

PASSENGER REVENUE

1 UnauditedQUARTERLY SEASONALITY

1 Unaudited

EBITDAPASSENGERS1 Unaudited

REVENUECARGO UNITS

TYPICAL TO THE TALLINK BUSINESS MODEL IS THAT MOST OF THE RESULT IS MADE IN THE SUMMER HIGH SEASON.

Infortar AS 39%Baltic Cruises Holding L.P. 16%ING Luxembourg S.A. AIF Account 7%Baltic Cruises Investment L.P. 6%Nordea Bank Abp / Clients FDR 2%Citigroup Venture Capital International G.P. 2%Nordea Bank Abp / Finnish Clients 2%Clearstream Banking AG 1%State Street Bank and Trust Omnibus Fund OM01 1%LHV Pensionifond L 1%

Infortar 39%

5

-18

-18

3

-10 10 30 50 70 90 110 130 150 170 190 210 230

EUR

Million Eur

Latvia-Sweden

Estonia-Sweden

Finland-Sweden

Others

Estonia-Finland

PassengersSales Result

980 076

2 439 972

172 226

139 828

-54

Mil

lio

n E

UR

0

5

10

15

20

25

30

35

40

45

50

0.5

0.6

0.7

0.8

0.9

1

1.1

1.2

1.3

1.4

TALLINK

EUR

TAL1T

2019 2020 2021 Distributions to shareholders Share Price in EUR FDR Price in EUR

Revenue

Cost of sales

Marketing & GA expanses

EBITDA

EBITDA margin

Net Profit/Loss

Cash flow from operations

Investments

Loan repayments

Dividends

Cash position

Total assets

Ships

Interest bearing loans

Shareholders' equity

2018

950

766

125

143

15%

40

157

36

85

20

82

1 501

1 215

510

857

2019

949

752

125

171

18%

50

175

61

52

33

39

1 533

1 174

578

823

2020

443

486

86

8

2%

-108

-7

100

-112

0

28

1 515

1 135

705

713

Mil

lio

n E

UR

0

200

400

600

800

1000

1200

1400

1600

Assets Liabilities &Equity

Other

Share-holdersEquity

Loans

Other

Ships

CashIntangibes

Q1

Q2

Q3

Q4

THE WORLD’S TOP DUTY FREE & TRAVEL RETAIL SHOPSRanking by actual and estimated retail sales in 2019 Rank Location Country Channel1 SEOUL - Incheon Int’l Airport South Korea Airport Shops2 SHANGHAI - Pudong Airport China Airport Shops3 DUBAI - Dubai International Airport UAE Airport Shops4 SINGAPORE - Changi Airport Singapore Airport Shops5 BEIJING - Capital Airport China Airport Shops6 LONDON - Heathrow Airport UK Airport Shops7 BANGKOK - Suvarnabhumi Airport Thailand Airport Shops8 TOKYO - Narita Airport Japan Airport Shops9 HONG KONG - International Airport Hong Kong Airport Shops10 PARIS - Charles de Gaulle Airport France Airport Shops11 GUANGZHOU - Baiyun Airport China Airport Shops12 TAIPEI - Taoyuan International Airport Taiwan Airport Shops13 FRANKFURT - Frankfurt-Main Airport Germany Airport Shops14 TALLINK - All Routes Estonia Ferries15 ISTANBUL - Atatürk Airport Turkey Airport Shops16 CHEJU - Int’l Airport South Korea Airport Shops17 AMSTERDAM - Schiphol Airport Netherlands Airport Shops18 TEL AVIV - Ben Gurion Int’l Airport Israel Airport Shops19 OSAKA - Kansai International Airport Japan Airport Shops20 OSLO - Gardermoen Airport Norway Airport Shops

Source: Generation Research 2020

FERRY OPERATOR BY GROSS TONS

Rank Company Gross tons1 Stena Line 976 0692 Grimaldi Lines 694 0853 Tallink 591 6034 Moby Lines 561 1075 Grand Navi Veloci 506 404 FERRY OPERATOR BY BEDSRank Company Beds1 Tallink 24 6342 Grand Navi Veloci 20 1123 Moby Lines 18 1694 Grimaldi Lines 17 7495 Stena Line 16 806 FERRY OPERATOR BY REVENUES(EUR million, 2019)Rank Company Revenue1 DFDS Group 2 2212 Stena Line 1 3493 Tallink 9494 Finnlines 5755 Viking Line 496Data: Ro/pax / ferries above 1,000 GTSource: ShipPax MARKET:20; Company reports

Paavo NõgeneLembit KitterKadri LandHarri HanschmidtPiret Mürk-DuboutMargus Schults

Chairman of the Management Board, CEOMember of the Management BoardMember of the Management BoardMember of the Management BoardMember of the Management BoardMember of the Management Board

184255 284

227179

256288

226155

65

14479 54

-100

-50

0

50

100

150

200

250

300

350

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

Revenue Net result

2018 2019 2020 20211

80.0 81.986.2

29.7 29.0 27.1

50.3 52.959.1

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

Ticket

Onboard

Total

High season

2021202020192018

4 4 -6

44 51

7183

24

33

-10

20

50

80

110

140

170

2018 2019 2020 2021

143

171

8184 179 155

54

255 256

65

284 288

144

227 226

79

0

200

400

600

800

1000

2018 2019 2020 2021

950 949

443

1.9 1.9 1.6 0.3

2.6 2.7

0.4

2.9 3.0

1.3

2.2 2.3

0.5

0

1

2

3

4

5

6

7

8

9

10

2018 2019 2020 2021

9.8 9.8

3.7

91 93 100 85

101 100 87

95 93 92

98 94 82

0

100

200

300

400

2018 2019 2020 2021

385 380360

Mil

lio

n

Th

ou

san

d u

nit

s

Mill

ion

EU

R

Mill

ion

EU

R

1 1

CORPORATE FACTSHEET WWW.TALLINK.COM