Port Of Tauranga Limited · NZX:POT
Port Of Tauranga — FY2026 Earnings Presentation
48 slides from Port Of Tauranga's earnings presentation, Aug 28, 2026
Slide 1: Presentation to Analysts
Presentation to Analysts 28 August 2026
Slide 2: Disclaimer
Disclaimer The information in this presentation is for information purposes and has been prepared by Port of Tauranga Limited with due care and attention. However, neither the Company, nor any of its Directors, officers, employees, contractors or agents, shall have any liability whatsoever to any pe
Slide 3: Highlights
Highlights Julia Hoare Chair
Slide 4: Group underlying earnings up 23.2%
For the year ended 30 June 2026 Group underlying earnings up 23.2% 1 $000s Highlights $155,314 Record underlying Group net profit after tax. $126,036 Result driven by revenue uplift and cost $117,792 $112,357 savings. $102,290 Strong contributions from Parent and Group companies. Trade volumes flat.
Slide 5: Group reported net profit after tax down 10.0%
For the year ended 30 June 2026 Group reported net profit after tax down 10.0% $000s Highlights $173,373 Group reported profit decreased by $17.3 million compared to the prior $156,052 year. Prior year reported profit included a $117,136 $111,317 one-off gain of $49.2 million from the sale of Northp
Slide 6: Group underlying earnings bridge
For the year ended 30 June 2026 Group underlying earnings bridge $000s Total Increase Decrease One-off items A one-off deferred tax benefit of $1.5 million was recognised following the 156,052 (1,534) 796 155,314 reclassification of the Gateside and Rolleston properties as Assets Held for Sale and t
Slide 7: Full year dividend increased 22.8%
Stronger earnings underpins dividend growth Full year dividend increased 22.8% Final dividend Cents per share Interim dividend Final dividend 12.5 cents per share fully imputed. 20.5 Record date: 18 September 2026. 16.7 Payment date: 2 October 2026. 15.6 14.7 14.7 Port of Tauranga (POTL) full year 1
Slide 8: Full year overview & trade commentary
Full year overview & trade commentary Leonard Sampson
Slide 9: Strategic milestones
FY 2026 overview Strategic milestones Stage 2 capital dredging – commenced and Fast-track draft decision – received August running to plan with completion expected in 2026 recommending award of consent. Our blueprint for growth March 2027. Service delivery improvement – crane and Yield and cost reco
Slide 10: Total trade decreased 3%
For the year ended 30 June 2026 Total trade decreased 3% tonnes (millions) Bulk export commodities impacted by Iran conflict and fuel cost escalation. 25.3 24.7 24.6 23.6 Hydro storage levels higher than prior year resulting in lower import coal demand. Container berth capacity constraints impact tr
Slide 11: Bulk volumes decreased 5.9%
For the year ended 30 June 2026 Bulk volumes decreased 5.9% Tonnes Export logs Import coal 5.8m tonnes 143,000 tonnes Export log volumes 5.8 million Import coal 143,000 tonnes vs tonnes vs 6.3 million prior year 405,000 prior year Proteins and stock feed Fertiliser imports 1.3m tonnes 372,000 tonnes
Slide 12: Total container volumes increased 0.4%
For the year ended 30 June 2026 Total container volumes increased 0.4% Berth capacity constraints impact further container growth. TEU's 1,177,350 1,208,252 1,213,494 1,147,350 FY23 FY24 FY25 FY26 12
Slide 13: Container trends
For the year ended 30 June 2026 Container trends Export volumes increased 2.4% Import volumes increased 2.5% Transhipment volumes decreased 5.5% TEU's TEU's TEU's 500,735 512,765 404,285 401,415 411,340 306,102 289,389 486,702 484,107 384,145 286,363 279,098 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 F
Slide 14: MetroPort rail container volume increased 5.4%
For the year ended 30 June 2026 MetroPort rail container volume increased 5.4% New MetroPort model successfully implemented 1 December 2025. TEU's Export Import Port of Tauranga continues to manage end- 184,174 to-end service delivery through to shipping lines. 159,653 154,233 140,263 KiwiRail are a
Slide 15: New Zealand port productivity
For the year ended 30 June 2026 New Zealand port productivity Crane rate increased 9.9% vs prior year. Ship rate increased 13% vs prior year. Direct corelation between improving on- time vessel arrival and port productivity. NZ port productivity issues are amplified at Tauranga, as final call on the
Slide 16: Service delivery and productivity
For the year ended 30 June 2026 Service delivery and productivity On-time vessel arrival for FY26 71% vs 62% prior year. New dwell and rolled container incentives significantly reduced yard congestion. Yard congestion improved 9% to 11,069 TEU. Emulation work to develop yard strategies targeting reh
Slide 17: Stella Passage resource consent
Update August 2026 Stella Passage resource consent New Fast-track application lodged January 2026. EPA completeness decision received February 2026. Panel appointment March 2026. Panel commencement and evaluation commenced April 2026. Panel draft decision received 17 August 2026 recommending consent
Slide 18: Automated Stacking Cranes (ASCs)
Port of Tauranga - Terminal automation project Automated Stacking Cranes (ASCs) Progress update Fully electric ASCs ~75% reduction in emissions relative to a traditional straddle operation.
Slide 19: Northport Group
Northport Group Northport Group established July 2025. Current Northport's Vision for Growth resource consent granted October 2025. Government commitment to roading infrastructure investments improving connectivity to Northport. Marsden rail spur currently under detailed engineering and cost evaluat
Slide 20: Ruakura Inland Port
Ruakura Inland Port Ruakura Inland Port (RIP) profit of $0.354 million for the year, up from $0.132 million in FY2025. RIP handled 24,067 TEU for the year, up 6.8% from 22,525 TEU in FY205. Tainui and Brookfield joint venture will aid development and support inland port customer container growth. 20
Slide 21: Capital recycling
Funding the growth programme Capital recycling Proceeds from non-strategic property sales will be redeployed into priority infrastructure projects, including Stella Passage, automation and dredging. Properties in South Auckland and Rolleston near Christchurch are on the market as part of a capital r
Slide 22: New empty link facility being established at Sulphur Point
Sulphur Point New empty link facility being established at Sulphur Point Establishing an empty-container facility connected directly to Tauranga Container Terminal and operated by QM Logistics. Taking back land from existing depot operators. Enables surplus export empties to move directly to the Por
Slide 23: Financial results
Financial results Simon Kebbell
Slide 24: Group reported profit down 10.0%
Strong revenue growth of 4.7% and operating costs down 6.2% Group reported profit down 10.0% Strong operating revenue growth delivered across all operating units. Revenue growth was impacted by the 30 June ($000s) 2026 2025 Variance MetroPort model change, which removed rail income from reported rev
Slide 25: Results from operating activities up 15.9%
Increase reflects pricing initiatives and operating efficiencies Results from operating activities up 15.9% Operating revenue up $21.8 million driven by Parent tariff increases, higher infrastructure charges, a Mount Maunganui access charge, and strong growth in rental and marine income, with only m
Slide 26: Parent underlying earnings up 21.4%
Strong performance at the parent level and group companies Parent underlying earnings up 21.4% Parent company profit increased 21.4% 000s Parent Subsidiaries and EAIs compared with the prior corresponding period. $15,488 Subsidiaries and Equity Accounted $10,899 Investees delivered a 42.1% profit $1
Slide 27: Subsidiary and joint venture companies
Strong performance from Group companies with profits up 42.1% Subsidiary and joint venture companies FY26 FY25 Movement $000 $000 $000 Northport Group profit reflects strong trade and synergy gains. The revised capital structure resulted in shareholder Quality Marshalling 3,690 3,429 261 loans. The
Slide 28: Cashflow from operations up 19.4%
Strong cash generation from operating activities Cashflow from operations up 19.4% 30 June ($000) 2026 2025 Variance Net operating cash inflow increased by $33.4 million (19.4%) reflecting stronger Net cash inflow from operating 205,428 171,981 33,447 profitability. activities Capex accelerated in t
Slide 29: Parent Capital expenditure investment 2021 - 2026
Parent Capital expenditure investment 2021 - 2026 Group capex $86.0 million for the period. $000s Capex MMH Ruakura Inland Port FY26 Parent capital expenditure of $81.5 million Major projects underway include: 10,106 Capital dredging ($70-90 million) 21,450 Hybrid tug ($27 million) Purchase of seven
Slide 30: Net debt / net debt + equity
Net debt / net debt + equity Net debt / net debt + equity Leverage remains low, providing balance 17.3% 17.2% 16.9% 16.8% sheet headroom to progress capital 16.4% dredging, berth extension, Northport development and automation project. FY22 FY23 FY24 FY25 FY26 30
Slide 31: Outlook and guidance
Outlook and guidance
Slide 32: Outlook 2027
Outlook 2027 Another strong export peak season expected in FY2027 with key commodities dairy, Full year underlying earnings expected red meat and kiwifruit. Logs to remain subdued. to be in the range of Productivity initiatives, cost control and yield improvement remain a priority. $160m– New MetroP
Slide 33: Questions
Questions vN . =" EE
Slide 34: Thank you
Thank you Port of Tauranga Connecting New Zealand and the World 47
Slide 35: Appendices
Appendices
Slide 36: Financial details and trade forecasts
Financial details and trade forecasts
Slide 37: Results from operating activities
For the year ended 30 June 2026 Results from operating activities 2026 2025 Movement 2026 2025 Movement Operating Revenue $000 $000 $000 Operating Costs $000 $000 $000 Container terminal - ship 229,764 194,174 35,590 exchange and sundry Contracted services for port * (67,082) (93,652) 26,570 operati
Slide 38: Operating costs
For the year ended 30 June 2026 Operating costs Contracted services for port 2026 2025 Movement Other Costs 2026 2025 Movement operations $000 $000 $000 $000 $000 $000 Container Terminal Labour 44,763 43,348 1,415 Rates 6,906 6,263 643 Rail costs * 22,291 48,979 (26,688) Insurance 6,967 8,453 (1,486
Slide 39: Group Underlying Earnings reconciliation
For the year ended 30 June 2026 Group Underlying Earnings reconciliation 2026 2025 2024 2023 2022 $000 $000 $000 $000 $000 Profit after taxation - reported 156,052 173,373 90,849 117,136 111,317 Asset impairment 1,105 2,534 28 0 1,445 Reversal of previous revaluation deficit 0 0 (622) 0 0 Gain on sa
Slide 40: Log exports decreased 8.1%
For the year ended 30 June 2026 Log exports decreased 8.1% Key exporters have reduced operations to four-day weeks as elevated fuel costs continue to pressure log volume - JASm³ margins. 6,681,899 6,215,623 6,289,678 Lower harvesting and processing volumes are placing 5,779,287 pressure on primary s
Slide 41: Export kiwifruit volume increased 8.5%
For the year ended 30 June 2026 Export kiwifruit volume increased 8.5% tonnes (000's) Forecast crop of around 220 to 225 million trays, with returns for all fruit types expected to be similar to the 754,372 2025/2026 season. 695,589 Strong export throughput requirements for port and supply chain inf
Slide 42: Export dairy volume increased 0.9%
For the year ended 30 June 2026 Export dairy volume increased 0.9% tonnes Export Transhipment Strong start to FY2027, with exports expected to ease from FY2026 record levels. 237,066 178,588 121,337 117,904 Milk price forecast of $9.25/kgMS supports farm profitability. 2,010,252 2,000,370 1,942,277
Slide 43: Export meat volumes decreased 6.2%
For the year ended 30 June 2026 Export meat volumes decreased 6.2% Export revenues supported by strong meat prices and constrained global livestock supply. tonnes Export Transhipment 716,229 NZ red meat export volumes forecast to grow 5-7%; 691,712 lamb volumes expected to remain stable through 550,
Slide 44: Environmental & sustainability
Environmental & sustainability
Slide 45: Air quality initiatives and improvements
Mount Maunganui airshed Air quality initiatives and improvements Average source mass contributions to PM 10 at the Mount Maunganui Library site Monitoring sites – Mount – Dec 2023 to Feb 2025 Maunganui Airborne dust source apportionment study has been completed. Further monitoring is ongoing. Dust c
Slide 46: Air quality initiatives and improvements
Dust control and monitoring Air quality initiatives and improvements Extensive wind fencing development in Extensive dust and wind monitoring and NZ leading log yard housekeeping and Mount Maunganui alert network cleaning programme 44
Slide 47: Water quality - stormwater
Stormwater Water quality - stormwater Sulphur Point stormwater treatment system Investment in stormwater treatment Stormwater settlement ponds and irrigation area – Hewletts Road log yard New Mount wharves treatment system operational. Comprehensive stormwater monitoring. First-flush stormwater capt
Slide 48: Harbour health – Te Awanui
A continuous improvement approach Harbour health – Te Awanui 2025 harbour surveys show positive results for condition of harbour. Improving levels of marine life and biodiversity. Working closely with Waikato University on future projects. Port of Tauranga supports numerous harbour improvement initi