Slide 1: 2022 annual results
2022 annual results April 2023 Communication financière Publication semestrielle Octobre 2016
Slide 2: Company at a glance: the leading port operator in Morocco
Company at a glance : the leading port operator in Morocco 50.4 million Mad 3 949 mn of tons USD 375 mn Consolidated revenue Traffic (2022) (2022) 35% market share Mad 1 884 mn USD 182 mn Market share (2022) Consolidated EBITDA (2022) 35% Tanger MED group 25% Moroccan state Mad 817 mn 30% free float
Slide 3: Market Overview, Activity evolution, Financial Overview
Market Overview Activity evolution Financial Overview
Slide 4: Global national traffic
Global national traffic Evolution of national traffic (incl. T/S) Traffic split by categories CAGR T/S 18-22 : +25.2% In thousands of tons % of overall traffic in tons CAGR export 18-22 : 2.4% CAGR Import 18-22 : +1.5% coastal +4,5% 200 shipping 5% 191 170 152 Export 15% 137 81 +9% 89 62 49 Tranship
Slide 5: Main component of domestic national market
Main component of domestic national market In thousands of tons Phosphates rock Fertilizer Grains Sulphur Coal and coke -4,054 - 2,071 +1,651 - 579 -69 -42,7% -17.7% +23,2% -8.4% -0.6% Bulks 9 482 11 730 6 854 12 096 12 027 8 771 6 275 5 428 9 658 -3,966 7 120 -7.1% 2021 2022 2021 2022 2021 2022 202
Slide 6: Domestic traffic breakdown by port
Domestic traffic breakdown by port 2021 2022 Safi Atlantique Others** Safi Atlantique Others** Nador Nador Agadir 3% 3% 3% 2% 4% Agadir 3% 5% 6% Jorf Lasfar Jorf Lasfar Safi 32% Safi 31% 6% 5% Mohammedia 4% Mohammedia 5% 19% Tanger MED * 20% Tanger MED * 27% 24% Casablanca Casablanca * MM estimation
Slide 7: Market Overview, Activity evolution, Financial Overview
Market Overview Activity evolution Financial Overview
Slide 8: 2022 main updates
2022 main updates Marsa Maroc Group closed the 2022 with very good performance, despite a difficult international and national situation. The group has crossed two significant thresholds at Reaching 2 the end of this year: significant steps - > 50 million tons of global traffic handled - > 2 million
Slide 9: Overall handled traffic: a leader in Morocco
Overall handled traffic : a leader in Morocco In thousand tons 2019-2022 CAGR: +10% 50 383 47 203 +6.7 % +32.2 % 37 879 -5.9 % 35 654 2019 2020 2021 2022 2021 traffic by nature 2022 traffic by nature TIR & vehicules TIR & vehicules 2% 1% 1% 2% Containers 22% Containers Dry bulk and general Dry bulk
Slide 10: Key driver change in containers
Key driver change in containers In thousand TEUs 2019-2022 CAGR: +28.1% +8.2% 2,065 1,907 6 8 +106.9% 934 1 157 982 -6.1 % 10 921 10 178 174 173 10 178 794 738 792 724 2019 2020 2021 2022 DEP Casablanca DEP Agadir Tanger Alliance • DEP Casablanca: -8.6%. o Overall decrease in port traffic of 3.8% du
Slide 11: Key driver change in dry bulk
Key driver change in dry bulk In thousand tons 2022 15 646 +1.5% 2021 15 418 • Increase in solid bulk, mainly Clincker, salt and Fedelspath (export). In thousand tons 3 031 2 905 2 045 1 832 1 725 1 591 1 569 1 492 1 454 1 393 1 152 1 247 979 1 050 715 465 Coal and coke Sulphur Animal feed Sugar Cli
Slide 12: Key driver change in liquid bulk
Key driver change in liquid bulk In thousand tons 2022 10 351 +11% 2021 9 337 9151 8065 Oil products 2021 2022 • Increase in liquid bulk traffic, driven by hydrocarbons thanks to more fuel imports for ONEE's thermal power plants (+708 000 tons) due to the cessation of LNG supplies. 12
Slide 13: Key driver change in general cargo
Key driver change in general cargo In thousand tons 2022 2 542 +1.0% 2021 2 517 • Stagnation of general cargo traffic 13
Slide 14: Key driver change in vehicules
Key driver change in vehicules Trafic evolution Main drivers change In thousand units • Increase of the traffic of new cars in the port of 102 Casablanca following the reconstitution of stocks +12% by dealers and the increase in SOMACA's exports. New vehicules 91 2021 2022 In thousand units -7% 28 T
Slide 15: Traffic breakdown by port
Traffic breakdown by port Traffic breakdown (% of ton) 2021 2022 Variation Casablanca 29% 27% Tanger Med (T.A) 21 24% Jorf Lasfar 12% 11% Agadir 11% 11% Mohammedia 10% 11% Safi 7% 5% Nador 8% 7% Laayoune 2% 2% Dakhla 1% 1% Tanger Med 1% 1% 100% 100% 17
Slide 16: Market Overview, Activity evolution, Financial Overview
Market Overview Activity evolution Financial Overview
Slide 17: Evolution of revenue
Evolution of revenue Consolidated revenue Breakdown of revenue by companies 2018-2021 CAGR: +9.3% In MAD mn +10.0 % 3 949 3 949 3 592 3 592 +30.0 % 855 +26% 2 909 -5.2% 2 909 678 2 757 2 757 195 109 175 +6% 158 649 578 676 -4% 543 2 222 2 056 2 063 2251 +9% 2019 2020 2021 2022 2019 2020 2021 2022 Ma
Slide 18: Evolution of consolidated operating expenses
Evolution of consolidated operating expenses Operating expenses In MAD mn 4.6% 2 651 2 533 2021 2022 Purchases and external expenses Staff cost Depreciation and operating provisions -1,3% 3.8% 521 +11% 1 293 775 765 1 165 502 2021 2022 2021 2022 2021 2022 • Increase in purchases and • Decrease due t
Slide 19: Sound Financials
Sound Financials EBITDA Operating income 1 500 50% In MAD mn 1 363 2 100 1 300 80% In MAD mn 45% 1 884 1 129 1 900 +15% 75% 1 632 1 100 +21% 40% 1 700 70% 1 500 65% 35% 900 35% 1 300 60% 30% 31% 1 100 55% 700 25% 900 50% 700 500 45% 48% 20% 500 45% 40% 300 15% 300 35% 100 30% 100 10% 2021 2022 2021
Slide 20: Investments plan
Investments plan Investments per categories In MAD mn Investissements 2021 2022 Equipments 511 367 Infrastrctures 125 91 Studies & others 47 19 Total 683 477 Investments per companies Tanger Alliance In MAD mn SMA MAD 28 mn MAD 20 mn TC3PC Mad 14 mn 6% 4% 3% Marsa Maroc MAD 415 mn 87% 20
Slide 21: Sound Financials
Sound Financials Financial structure Breakdown of net debt 2 685 In MAD mn In MAD mn 2 302 1 020 1 119 The Management 904 proposed a 594 dividend of Mad 8.0 per share to be distributed for 2021 2022 2022. 2021 2022 -342 -1 028 -2 366 Total shareholders equity Net debt -2 642 Dividends Cash Investmen
Slide 22: Q&A
Q&A 19