Port Of Tauranga Limited · NZX:POT
Port Of Tauranga — Shareholder Meeting (October 2021)
60 slides from Port Of Tauranga's shareholder meeting presentation, Oct 29, 2021
Slide 1: Port of Tauranga Limited Annual Meeting
Port of Tauranga Limited Annual Meeting 29 October 2021
Slide 2: David Pilkington, Chair
David Pilkington Chair
Slide 3: Port of Tauranga Limited Annual Meeting
Port of Tauranga Limited Annual Meeting 29 October 2021
Slide 4: Slide 4
Slide 5: Subsidiaries & Associates Net Profit After Tax up 46.0%
Subsidiaries & Associates Net Profit After Tax up 46.0% $20,000 $18,581 $16,391 $15,000 $12,728 $11,885 $000s $10,000 $5,000 $0 2018 2019 2020 restated 2021
Slide 6: Group Net Profit After Tax up 15.4%
Group Net Profit After Tax up 15.4% $120,000 $110,000 $102,375 $100,577 $100,000 $94,273 $90,000 $88,679 $83,441 $80,000 $70,000 $000s $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 2017 2018 2019 2020 restated 2021
Slide 7: Ordinary Dividends maintained at 90% of Net Profit After Tax
Ordinary Dividends maintained at 90% of Net Profit After Tax 14 13.3 13.5 12.7 12.4 12 10 Cents per share 8 Ordinary Special 6 4 2 0 2018 2019 2020 2021
Slide 8: Parent Capital Expenditure 2018-2023
Parent Capital Expenditure 2018-2023 $100,000 $80,000 $23,000 $60,000 $60,000 $000s $50,000 $40,073 $38,228 $40,000 $23,796 $20,000 $16,788 $0 2018 2019 2020 2021 2022F 2023F Terminal Southern Berth Extension
Slide 9: Regional Coastal Environment Plan (2003)
Regional Coastal Environment Plan (2003)
Slide 10: Resource Consent Application
Resource Consent Application • Proposed development consistent with Regional Coastal Environment Plan • Restricted discretionary activity • All proposed development within the existing port footprint.
Slide 11: Critical New Zealand Infrastructure
Critical New Zealand Infrastructure • First stage: 220 metre extension to container berths • Design completed 2019 and early contractor engagement 2020 • Shovel Ready declined August 2020 • Fast Track application declined April 2021 • Ongoing consultation
Slide 12: Terminal Automation
Terminal Automation • Progressing first stage of container terminal automation • Currently seeking proposals for Auto Stacking Cranes ( ASC ) from providers • Expect vendor selection Q1 2022 • Well established technology used globally.
Slide 13: Ruakura Inland Port
Ruakura Inland Port
Slide 14: Rangiuru Business Park
Rangiuru Business Park 148ha | TOTAL LAND AREA
Slide 15: Previous Upper North Island Port Studies
24 Previous Upper North Island Port Studies
Slide 16: Northport – Vision for Growth
Northport – Vision for Growth
Slide 17: Slide 17
Slide 18: Our Senior Management Team
Our Senior Management Team J | Leonard Sampson Simon Kebbell Rochelle Lockley Chief Executive Chief Financial Officer — Communications Manager Melanie Dyer Dan Kneebone Pat Kirk Blair Hamill Corporate Services Property & Infrastructure Group Health & Safety Commercial Manager Manager Manager Manager
Slide 19: Leonard Sampson, Chief Executive
Leonard Sampson Chief Executive
Slide 20: Lockdown, April 2020
Lockdown, April 2020
Slide 21: Slide 21
Slide 22: Slide 22
Slide 23: Costs of Congestion: fewer container vessels
Costs of Congestion 106 fewer container vessels September 2020 to June 2021 vs PCP Tauranga Container Terminal Vessel Calls 80 1600 70 1400 Average exchange ctrs 60 1200 50 1000 Vessel Visits 40 800 30 600 20 400 10 200 0 0 Sep Oct Nov Dec Jan Feb Mar Apr May June Vessel Visits 19 /20 55 63 66 62 58
Slide 24: Costs of Congestion
Costs of Congestion 51% increase in average static volume since 1 October 2020
Slide 25: New Zealand Port Ship Rate
New Zealand Port Ship Rate 100 90 80 70 60 50 40 30 20 10 0 Auckland Lyttelton Napier Otago Tauranga Wellington Source – FIGS, Ministry of Transport
Slide 26: Tl ‘a
Tl ‘a
Slide 27: “3 mo” = ees
“3 mo” = ees
Slide 28: Carrier Consolidation & Increasing Orderbook
Carrier Consolidation & Increasing Orderbook
Slide 29: Container Volumes down 4.1%
Container Volumes down 4.1% 1,400,000 1,300,000 1,251,741 1,233,177 1,182,147 1,200,831 1,200,000 1,100,000 1,000,000 900,000 800,000 TEUs 700,000 600,000 500,000 400,000 300,000 200,000 100,000 2018 2019 2020 2021
Slide 30: Total Trade up 3.8%
Total Trade up 3.8% 30,000 26,946 25,738 24,458 24,808 25,000 20,000 Tonnes 000s 15,000 10,000 5,000 0 2018 2019 2020 2021
Slide 31: Log Exports up 14.3%
Log Exports up 14.3% 8,000 7,063 7,000 6,276 6,339 6,000 5,544 5,000 JAS 000s 4,000 3,000 2,000 1,000 0 2018 2019 2020 2021
Slide 32: Direct Dairy Exports up 2.1%
Direct Dairy Exports up 2.1% 2,110 2,120 2,039 2,076 2,000 1,500 Tonnes 000s 1,000 500 0 2018 2019 2020 2021
Slide 33: Direct Kiwifruit Exports up 11.1%
Direct Kiwifruit Exports up 11.1% 1,750 1,629 1,473 1,465 1,500 1,303 1,250 1,000 m3 000s 750 500 250 0 2018 2019 2020 2021
Slide 34: Bulk Cargo up 13.1%
Bulk Cargo up 13.1% Break Bulk Tonnage 14,000,000 12,000,000 10,000,000 8,000,000 Tonnes 6,000,000 4,000,000 2,000,000 0 2017 2018 2019 2020 2021 LOGS OIL PRODUCTS PROTEINS & FEEDS KIWIFRUIT OTHER WOOD PRODUCTS FERTILISERS STEEL GRAIN COAL ALL OTHER GOODS
Slide 35: Dust Suppression / Visual Amenity
Dust Suppression / Visual Amenity 2017 2020
Slide 36: Slide 36
Slide 37: Methyl Bromide Recapture
Methyl Bromide Recapture
Slide 38: Debarking
Debarking • Reduces need for fumigation • Second debarker being commissioned by industry in 2022.
Slide 39: Slide 39
Slide 40: Slide 40
Slide 41: fae = ot ee Ba
fae = ot ee Ba
Slide 42: Slide 42
Slide 43: Bigger Ships = Lower Carbon Supply Chain
Bigger Ships = Lower Carbon Supply Chain 20% fewer emissions 29% fewer emissions
Slide 44: Slide 44
Slide 45: Electric Cars - Hybrid Straddles
Electric Cars - Hybrid Straddles
Slide 46: Slide 46
Slide 47: Our Purpose and Vision
Our Purpose and Vision Port of Tauranga’s purpose, OUR PURPOSE vision and values have been Connecting New Zealand and reviewed in 2021. We are in the world. the process of realigning our OURVISION strategic framework to ensure our purpose goes boyond profit we will be able to reach our ands the key
Slide 48: Outlook 2022
Outlook 2022 • Port congestion and supply chain disruption expected to continue • Labour shortages a growing problem for the sector • Covid-19 precautions continue to impact efficiency and costs.
Slide 49: by for the }
by for the }
Slide 50: First Quarter FY22
First Quarter FY22 • 6.9% increase in total trade • 8.1% increase in containers • 6.7% increase in direct dairy exports • 7.1% increase in direct kiwifruit exports • 2.4% increase in log exports.
Slide 51: Slide 51
Slide 52: Thank You
THANK YOU
Slide 53: Port of Tauranga Limited Annual Meeting
Port of Tauranga Limited Annual Meeting 29 October 2021
Slide 54: Resolution 1(a): Re-election of Ms Julia Hoare
Resolution 1 (a): Re-election of Ms Julia Hoare
Slide 55: Resolution 1(b): Re-election of Ms Alison Andrew
Resolution 1 (b): Re-election of Ms Alison Andrew
Slide 56: Resolution 1(c): Re-election of Sir Robert McLeod
Resolution 1 (c): Re-election of Sir Robert McLeod
Slide 57: Resolution 2: Increase in Directors' Remuneration
Resolution 2: Increase in Directors’ Remuneration
Slide 58: Resolution 3: Remuneration of Auditor
Resolution 3: Remuneration of Auditor
Slide 59: Proxy Totals
Proxy Totals 1(c): 2: 3: 1(a): 1(b): Sir Robert Directors’ Auditors’ Julia Hoare Alison Andrew McLeod remuneration remuneration Proxy votes already cast: For 57,017,993 63,749,875 57,968,731 63,125,511 63,928,572 Against 6,916,560 184,678 5,961,592 665,806 4,260 Abstain1 37,225 37,225 45,880 56,750
Slide 60: Port of Tauranga Limited Annual Meeting
Port of Tauranga Limited Annual Meeting 29 October 2021
Port of Tauranga — Shareholder Meeting (October 2021) on 6ix