TUI AG: TUI GROUP HALF-YEAR FINANCIAL REPORT 1 -15-
DJ TUI AG: TUI GROUP HALF-YEAR FINANCIAL REPORT 1 OCTOBER 2020 - 31 MARCH 2021
TUI AG (TUI)
TUI AG: TUI GROUP HALF-YEAR FINANCIAL REPORT 1 OCTOBER 2020 - 31 MARCH 2021
12-May-2021 / 08:00 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
=
TUI GROUP
Half-Year Financial Report
1 October 2020 - 31 March 2021
Contents
Interim Management Report
H1 2021 Summary
Report on changes in expected development
Structure and strategy of TUI Group
Consolidated earnings
Segmental performance
Financial position and net assets
Comments on the consolidated income statement
Alternative performance measures
DJ TUI AG: TUI GROUP HALF-YEAR FINANCIAL REPORT 1 OCTOBER 2020 - 31 MARCH 2021 TUI AG (TUI) TUI AG: TUI GROUP HALF-YEAR FINANCIAL REPORT 1 OCTOBER 2020 - 31 MARCH 2021 12-May-2021 / 08:00 CET/CEST
TUI AG: TUI GROUP HALF-YEAR FINANCIAL REPORT 1 -17-
DJ TUI AG: TUI GROUP HALF-YEAR FINANCIAL REPORT 1 OCTOBER 2020 - 31 MARCH 2021
TUI AG (TUI)
TUI AG: TUI GROUP HALF-YEAR FINANCIAL REPORT 1 OCTOBER 2020 - 31 MARCH 2021
12-May-2021 / 08:00 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
=
TUI GROUP
Half-Year Financial Report
1 October 2020 - 31 March 2021
Contents
Interim Management Report
H1 2021 Summary
Report on changes in expected development
Structure and strategy of TUI Group
Consolidated earnings
Segmental performance
Financial position and net assets
Comments on the consolidated income statement
Alternative performance measures
Subject to final approval by certain creditors and stakeholders, the restructuring is expected to be implemented as soon as possible within the coming months.
The recapitalization involves a new €215m subordinated secured loan facility and an €85m silent participation,
which takes effect via provision of a limited-recourse equity stake to the lender in exchange for contributing funding.
€300m in new funding from Germany s WSF
There is €300m in new funding from Germany s Economic Stabilization Fund (WSF) for MV Werften and/or certain subsidiaries to complete the building of Crystal Endeavor and Global Dream. This will be guaranteed by Genting HK and certain wholly owned subsidiaries of MV Werften and secured by a composite security and guarantee package.