2022 annual report

The largest water utility in Estonia

Tallinna Vesi is the largest water utility in Estonia, providing drinking water and wastewater services to nearly one third of Estonia’s population. We have the responsibility to supply high-quality drinking water to customers, ensure a reliable service and collect and treat wastewater and stormwater in an environmentally conscious manner.

We serve over 23,900 private customers and businesses and approximately 470,000 end consumers in Tallinn and its surrounding areas: City of Maardu, City of Saue, Harku Small Town and Saku Municipality.

Group’s businesses

Tallinna Vesi is a water utility in Estonia, providing drinking water and wastewater services in Tallinn and its surrounding areas. The Company has two main treatment plants, the Water Treatment Plant at Ülemiste and the Wastewater Treatment Plant at Paljassaare. Every day, we treat an average of 68,000 m³ of drinking water and 133,000 m³ of wastewater in our plants. Tallinna Vesi has an accredited water laboratory and an accredited wastewater laboratory. The public water supply system includes more than 1,200 km of water pipes, 22 water pumping stations and 46 ground water pumping stations with 93 boreholes. The catchment area in Harju and Järva Counties covers around 1,800 km². The public sewerage system comprises more than 1,187 km of wastewater network, 520 km of stormwater network and 176 wastewater and stormwater pumping stations across the service area. Tallinna Vesi is listed on Nasdaq Baltic market. 31. As of 31 December 2022, Tallinna Vesi’s shareholders, with a direct holding over 5% were OÜ Utilitas and the City of Tallinn.

Watercom was founded by Tallinna Vesi in 2010, aimed at providing services to the Company and to diversify the product range on offer and develop a non-regulated business. Watercom provides pipe and road construction services, disinfection and design of pipes, services related to road maintenance, project management and owner supervision, as well as jet washing and transportation services.

The subsidiary Watercom OÜ is wholly owned by Tallinna Vesi and consolidated to the results of the Group.

The subsidiary ASTV Green Energy is a company acquired by Tallinna Vesi in 2022, which in the longer term intends to supply reusable resources, generated as a result of providing water services, as products in the green energy market. It is a young company and had no active economic activity yet. AS Tallinna Vesi has a full shareholding in ASTV Green Energy OÜ.

OUR MAIN PRODUCTS AND SERVICES

Collection, treatment and supply of water

Collection, treatment and disposal of wastewater and stormwater

Design works

Owner supervision and project management

Water and wastewater services

Laboratory services

Pipe construction works

Transportation services and road construction

OUR MISSION

We have the responsibility to supply high-quality drinking water to consumers, ensure a reliable service and collect and treat wastewater and stormwater in an environmentally conscious manner.

OUR OBJECTIVES

1 2 3 4 5

Operational excellence

We invest into assets in a timely manner
We adopt sustainable practices and best technologies

Satisfied customers and community

We deliver on our promises
We simplify and reduce the need for interaction

Professional and commited employees

We create a positive health and safety culture
We plan succession in a systematic manner
We develop a motivating working environment

Sustainable financial performance

We maintain a sustainable revenue stream
We ensure strong capital structure
We deliver shareholder value

Sustainable growth

We keep looking for ways to increase shareholder value and in the longer term, supply reusable resources, generated as a result of providing water services, as products in the green energy market.

Strategy

As a large company, Tallinna Vesi holds an important place in the community and has the responsibility to look out both for the employees, customers, consumers, investors, partners, the state and the environment. A large part of the economic value that the Company creates is re-distributed.