Port Of Tauranga Limited · NZX:POT
Port Of Tauranga — Investor Day (March 2026)
94 slides from Port Of Tauranga's investor day presentation, Mar 12, 2026
Slide 1: Investor Day
Port of Tauranga ecting New Zealand and the World Investor Day 12 March 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: Welcome and introductions
Welcome and introductions Julia Hoare, Chair 3
Slide 4: Chair and Senior Management Team
Chair and Senior Management Team Pat Kirk Dan Kneebone Blair Hamill GM Health & Safety GM Property & GM Commercial 4 Infrastructure
Slide 5: Agenda
Agenda Welcome and introductions Strategy overview Management insights: o People strategy o Health and safety strategy o Stakeholder engagement o Environmental performance Deep dive 1: Population and import growth Deep dive 2: Future vessel sizes Deep dive 3: Infrastructure enablers Deep dive 4: Cus
Slide 6: Strategy overview
Strategy overview Leonard Sampson, Chief Executive 6
Slide 7: Strategic overview
Strategic overview Port of Tauranga remains well positioned as New Zealand's main export gateway. Primary sector exports are currently forecast to plateau (in volume) over the next decade. 7
Slide 8: Strategic overview
Strategic overview Port of Tauranga is well positioned to support population growth in the Upper North Island and import container volume growth. Existing port capacities and high land cost in Auckland will continue to be a constraint driving the need for industrial land alternatives - North and Sou
Slide 9: Strategic overview
Strategic overview Port of Tauranga is well positioned with strategic partnerships and investment in MetroPort, Ruakura Inland Port and Northport Group. Economic and environmental drivers continue the trend toward larger container ships - with larger vessels expected to cascade into Oceania trade ro
Slide 10: Strategic overview
Strategic overview Smaller NZ regional ports will become reliant on coastal shipping as infrastructure constraints restrict vessel size for main line services - leading to hub and spoke network. Port of Tauranga is well positioned to be a hub port for New Zealand, supporting increased coastal feedin
Slide 11: People strategy
People strategy Mel Dyer, GM Corporate Services 11
Slide 12: Key employee demographics
Key employee demographics Approximately 330 employees Generational diversity The workforce includes employees from Gen Z, Millennials, Gen X, and Baby Boomers, promoting a balanced organisational culture. 48% of the workforce is Gen X, with 18% in the Boomer category heading towards retirement. Empl
Slide 13: Building a positive workplace
Building a positive workplace Our engagement snapshot – 72% - 3% higher than our APAC logistics and transport benchmark Commitment to safety A safety-led culture is firmly in place, with most employees appreciating a genuine dedication to health and safety. Purpose and alignment A clear organisation
Slide 14: Building a strong culture
Building a strong culture How we work together Encouraging employee pride A strong culture motivates staff to take pride in their work, enhancing dedication to organisational goals and shareholders. Fostering teamwork and innovation Genuine care among employees builds teamwork, accountability, and s
Slide 15: Industrial relations – healthy relationships
Industrial relations – healthy relationships Terminal operations employees Terminal operations employees (approximately 30) usually have individual contracts and are mostly not unionised, reflecting flexible employment practices. Other labour –straddle drivers and stevedores are outsourced via comme
Slide 16: Purpose-built accommodation benefits
Purpose-built accommodation benefits Valuing our people Commitment to employee satisfaction Purpose-built accommodation shows dedication to creating a comfortable and supportive environment for employees at Sulphur Point. Operational efficiency and growth The new accommodation boosts terminal operat
Slide 17: Health and safety strategy
Health and safety strategy Pat Kirk, GM Health and Safety 17
Slide 18: Health and safety
Health and safety Aligned sector health and safety strategy Port of Tauranga Limited • Tripartite development: industry, regulator, Final year of a three-year strategy targeting unions health and safety capability, capacity and • Port Health and Safety Leadership Group culture. • Port Industry Assoc
Slide 19: Health and safety culture maturity
Health and safety culture maturity External verification (SafePlus) • Achieved a leading result across all 10 criteria. • Significant cultural shift. • Strong ownership, visibility, and alignment across all levels. • Continuous improvement efforts gaining momentum. • Positioned to embed change and d
Slide 20: Stakeholder engagement
Stakeholder engagement Rochelle Lockley, GM Communications 20
Slide 21: Community sentiment
Community sentiment • Second annual survey. • Tauranga and Bay of Plenty residents surveyed September 2025. • Positivity rating remains very high, with 84% of respondents feeling “very positive” or “positive” towards the Port (down from 85%). • However, cost of living and economic conditions dimmed
Slide 22: Long-term partnerships build local profile
Long-term partnerships build local profile 22
Slide 23: Materiality assessment
Materiality assessment • Asks our stakeholders to help identify and rank the environmental, social, governance and economic risks and opportunities for the Port. • 2024 Materiality Assessment – top priority issues (out of 19 topics): 1. Health, safety and wellbeing 2. Customer engagement 3. Sustaina
Slide 24: Environmental performance
Environmental performance Dan Kneebone, GM Property and Infrastructure 24
Slide 25: Air quality initiatives and improvements
Air quality initiatives and improvements • Airborne dust source apportionment study has been completed. Further monitoring is ongoing. • Dust concentrations in the industrial area adjacent the Port activities continue to show improvement. Rolling 12-month average dust - Totara Street 45 40 35 Dust (
Slide 26: Air quality initiatives and improvements
Air quality initiatives and improvements Extensive dust and wind monitoring and alert network Now over 2.4km of wind fencing New dust monitoring/alarm solution being developed and trialed at bulk berths NZ leading log yard housekeeping and cleaning programme • New dust-reducing hopper design under d
Slide 27: Water quality - stormwater
Water quality - stormwater • Comprehensive stormwater monitoring. • Compliant and often well below stormwater quality limits. Investment in stormwater treatment • New Mount wharves treatment system under construction. • Completion anticipated April 2026. • Build time for the tank approx. six weeks -
Slide 28: Harbour health – Te Awanui
Harbour health – Te Awanui A continuous improvement approach • 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. • Kutai (mussel) filtering project underway. • POTL
Slide 29: Deep dive 1: Upper North Island population & import projections
Deep dive 1: Upper North Island population & import projections Simon Kebbell, Chief Financial Officer 29
Slide 30: Upper North Island freight import projections
Upper North Island freight import projections Independent research was undertaken by Infometrics • Infometrics was commissioned by Port of Tauranga to develop projections for freight import volumes in the Upper North Island, considering demand from population growth and shifts in the location of log
Slide 31: Upper North Island growth
Upper North Island growth Upper North Island accounted for 63% of NZ population growth in the past 20 years • Upper North Island share of population growth was 62% in the 2020s. Northland Region • Auckland’s share of growth Upper North Island share of NZ population growth Waikato Region has declined
Slide 32: Upper North Island growth
Upper North Island growth Upper North Island remains the future growth epicentre • Stats NZ 2023 base Northland region projections show the Upper Upper North Island share of NZ population growth Waikato region Stats NZ population projections, 2023 to 2053 North Island accounting for Bay of Plenty re
Slide 33: Future migration levels
Future migration levels Similar or higher migration levels expected • International net migration Projected net migration to New Zealand Low averaged 44,200 per year in Annual average, five years ending Medium the five years to 2023, with 70,000 High Stats NZ projecting 38,500– 60,000 42,500 per yea
Slide 34: NZ population growth 0.6%-1.1%pa
NZ population growth 0.6%-1.1%pa New Zealand’s population growth to slow • Population growth is expected to slow due to Low ageing population, weaker New Zealand population growth Medium fertility rates, and deaths Annual % change High 3% increasing faster than births. • New Zealand’s population 2%
Slide 35: Upper North Island population to grow 0.5-1.5m
Upper North Island population to grow 0.5-1.5m Upper North Island population 3.4-4.3m in 2053 • Upper North Island population could increase by 0.5m (low), 1.1m (medium), or Upper North Island population Low Medium 1.5m (high) between 2025 Stats NZ estimates and projection High Historical and 2053.
Slide 36: Freight import projections
Freight import projections NZ imports 149 TEU per 1,000 population New Zealand TEU imports per capita • A total of 747,000 TEUs was Full TEU per 1,000 population imported to NZ seaports in 2024. 200 • Port of Tauranga import volumes 150 were 157,000 TEUs for the year to 30 June 2025. 100 • NZ import
Slide 37: Freight import projections Upper North Island
Freight import projections Upper North Island Population growth adds 81k-215k TEU imports for Upper North Island • Future imports assumed to grow at national rate. High Projected TEU import growth 2025-2053 Medium • Nationwide population growth implies TEU Based on Stats NZ population projection for
Slide 38: Shift in logistics facilities
Shift in logistics facilities 70% of warehouse consents in Upper North Island • Consents for new warehousing facilities are also focused in the Upper Northland Region North Island. Upper North Island share of NZ warehouse consents Waikato Region Real value of new and alteration consents Bay of Plent
Slide 39: Auckland consents shift south
Auckland consents shift south The location of consents for warehouses is shifting within Auckland over time • North: North Shore, Waitakere, Albany, Rodney Wards Auckland share of NZ warehouse consents North South Central • Central: Waitemata and Gulf, Whau, Real value of new and alteration consents
Slide 40: Shift in logistics facilities south
Shift in logistics facilities south 34% of new warehouse consents in Port of Tauranga’s catchment • Warehouse development is shifting south within the Upper North Island, reflecting growth in South Auckland, Waikato and the Bay of Plenty. • South Auckland, Waikato and Bay of Plenty increased their s
Slide 41: Shift in logistics facilities south
Shift in logistics facilities south Cheaper industrial rents to the north and south of Central Auckland • Auckland industrial rents range from ~$213–$218/sqm in Prime warehouse rents per sqm Upper bound Central Auckland and Airport Colliers, 2025 Lower bound precincts, easing to ~$193– $208/sqm in S
Slide 42: Freight import projections
Freight import projections Future imports assumed to grow at national rate • Waikato and Bay of Plenty population adds 26-68k import TEUs. • Upper North population adds 81-215k import TEUs. • New warehouses in Port of Tauranga’s catchment could contribute 27-73k TEUs. • Projected Upper North Island
Slide 43: Freight import projections summary
Freight import projections summary Port of Tauranga and Northport are well positioned to capture future import growth Supportive macro drivers for increased import volumes: • Upper North Island remains the population’s growth engine. • Strong migration levels support sustained import TEU growth. • P
Slide 44: Deep dive 2: Future outlook of container shipping in New Zealand
Deep dive 2: Future outlook of container shipping in New Zealand Richard Hill and Chris Doak, GHD 44
Slide 45: Investor Day Presentation (GHD)
Investor Day Presentation Port of Tauranga, NZ Richard Hill & Chris Doak 12th March, 2026
Slide 46: Disclaimer
Disclaimer This presentation has been prepared by GHD for the purpose of discussion at an Investor Day for Port of Tauranga Limited and is provided for general information and discussion purposes only. It has been prepared for a specific audience and purpose and must not be relied upon for any other
Slide 47: Who, and why we are here
Who, and why we are here Invited by PoTL to provide an independent view on the future for the port and views around container shipping in New Zealand (NZ) – PoTL framed several questions around: • What do future shipping systems look like for NZ - are big vessels coming, and when? • Is New Zealand’s
Slide 48: Business Advisory
Richard Hill, Executive Chris Doak, Advisor, Freight Systems and Director Transactions – APAC Simulation (richard.hill@ghd.com) Business Advisory Policy and strategy development, business cases & economics, transaction advisory, freight systems & simulations
Slide 49: Background
Background Containers through NZ (2012-2024) – National container throughput is currently ~3.2 million TEU, recovering South Island share of the total TEU's after approximately four years of little growth (around ~3M TEU). 31% – NZ (nationally) is broadly balanced across container imports and export
Slide 50: PoTL Container Profile
PoTL Container Profile – 2024 throughput was ~1.16M TEU, growing from ~0.8M TEU over 12 years – PoTL has handled between 35% and 40% of the total NZ container task since 2016 and >50% of the NI container task since 2018. – The 50% share of the NI container volumes has grown from 40% over the last 10
Slide 51: PoTL container demand outlook
PoTL container demand outlook – A container demand outlook has been prepared using ETS modelling and 3,000 Thousands Forecast multi-variable regression analysis using the FIGS 2024 container data as a baseline and a broad range of economic and trade indicators. 2,500 – Sensitivity testing of key mod
Slide 52: PoTL container demand drivers
PoTL container demand drivers – Population - based on 2023 Census with historical projected growth rates maintained and applied to the updated 2023 Census figure. – Import growth based on an expected steady growth profile across most trades linked to population growth and consumer spending dynamics.
Slide 53: Current container ship fleet
Current container ship fleet GHD analysis of 30-year container demand scenarios using FY25 Current System baseline shipping data. Vessel Nominal TEU Size All NZ Direct Calling All Regular/FC Classe (av. deployed) 1Q2025 Services NZ – New Zealand’s container shipping network comprises approximately 2
Slide 54: Future container ship fleet?
Future container ship fleet? GHD analysis of 30-year container demand scenarios using FY25 baseline shipping data. – NZ’s future container shipping network will likely be a response to a combination of trade growth, port access, port productivity, and any market dynamics such as service consolidatio
Slide 55: What do NZ ports need to consider?
What do NZ ports need to consider? Solutions that will address growing pressures that will be placed on ports and supply chains as container ship size grows whilst allowing direct calling services to be maintained. Northport – This includes: Auckland • Maintaining enough ports Tauranga • Providing p
Slide 56: Benefits of coordination?
Benefits of coordination? – New Zealand’s port network exhibits noticeable variability in performance and vessel-handling capability, resulting in inconsistent service levels and increased system cost pressures. – If this variability persists, it could influence container vessel deployment decisions
Slide 57: What does the NZ industry think? (1/2)
What does the NZ industry think? (1/2) – Industry acknowledge the arrival of bigger – Shipping lines, cargo owners, terminal container ships in NZ – but share concern that operators, and coastal shipping appear aligned New Zealand is not currently ready. in favour of a hub-and-spoke model, with some
Slide 58: What does the NZ industry think? (2/2)
What does the NZ industry think? (2/2) – There was near universal agreement that – Key issues noted to affect the future of the NZ New Zealand lacks, and urgently needs, a port sector included: national ports strategy. • Declining productivity and reliability, together with infrastructure and capaci
Slide 59: What is Australia doing?
What is Australia doing? – Australian ports are being planned for continued growth in container volumes, which includes some share of regional transshipment • Port of Melbourne is planning for 14,000+ TEU vessels visiting within the next 30 years (https://www.portofmelbourne.com/pds-2055/port-develo
Slide 60: What ports?
Achievable What ports? Assessment based on GHD’s 2025 view; this position does not imply that identified Somewhat constraints are irresolvable. Not likely * Length / STSC capable; ** terminal capacity 1M > 2M TEU; – A hub port needs: *** balanced trade / established export flows Centerport • Capacit
Slide 61: The current trajectory?
The current trajectory? – Things are happening…but could be better coordinated – Capacity investments occurring and announced, but not obviously all aligned, with some potentially at risk if shipping lines consolidate or change their patterns – Fragmented systems, some uncertainty for exporters, ong
Slide 62: What a future port network might look like…
What a future port network might look like… A coordinated port network comprising a series of ‘main’ container ports across both islands, capable of accommodating larger vessels and delivering economies of scale. These are supported by existing ports, coastal shipping, integrated inland ports, and e
Slide 63: Conclusions
Conclusions – Outlook scenarios suggest a robust containerised – Fragmented governance, variable productivity, rising costs, trade outlook for NZ, with continued vessel and gaps in supply chain connectivity settings are also of upsizing and 9,000+ TEU ships on the horizon. concern. Without coordinat
Slide 64: Thank you
* Thank you = ghd.com
Slide 65: Deep dive 3: Infrastructure projects
Deep dive 3: Infrastructure projects Dan Kneebone, GM Property and Infrastructure 65
Slide 66: Development to accommodate increasing vessel sizes
Development to accommodate increasing vessel sizes
Slide 67: Stage two capital dredging underway
Stage two capital dredging underway Due for completion 2027
Slide 68: Port Shipping Channel - Video
Port Shipping Channel - Video
Slide 69: From Q1 2027 we have the capability to accommodate Post Panamax vessels
From Q1 2027 we have the capability to accommodate the next generation of Post Panamax vessels
Slide 70: Stella Passage project overview
Stella Passage project overview • 385m Berth Extension and reclamation at Sulphur Point. • Associated dredging to extend existing channel • 315m Berth Extension and reclamation to Mount Wharves. • Addition of Mooring Dolphins to Existing Tanker Berth. • Minor structures and reclamation south of Tank
Slide 71: Stella Passage fast-track programme
Stella Passage fast-track programme Stella Passage Fast-track Date Complete Application lodged with EPA 22 Jan 2026 EPA confirms application complete 12 Feb 2026 Competing applications determination received from EPA 20 Feb 2026 Treaty Settlements Report complete 23 Feb 2026 Panel Conveners Conferen
Slide 72: Stage 1, 285m wharf extension, cranes and automation, Sulphur Point
Stage 1, 285m wharf extension, cranes and automation, Sulphur Point
Slide 73: Tauranga Container Terminal expansion
Tauranga Container Terminal expansion
Slide 74: Deep dive 4: Customer, productivity and automation
Deep dive 4: Customer, productivity and automation Blair Hamill, GM Commercial 74
Slide 75: Port of Tauranga - Terminal automation project
Port of Tauranga - Terminal automation project Automated Stacking Cranes (ASCs) Progress update • Preferred vendor identified. Contract negotiations underway and final contract form nearing completion. • ASC emulation software being implemented at the Tauranga Container Terminal to test ASC technolo
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Slide 77: Port of Tauranga terminal emulation – digital twin
Port of Tauranga terminal emulation – digital twin • Significant investment in emulation technology for Tauranga Container Terminal. • Complete digital replica of physical terminal and actual container volumes in the terminal operating system (TOS). • Operational optimisation – Simulate terminal ope
Slide 78: Port of Tauranga terminal emulation – laden / unladen running
Port of Tauranga terminal emulation – laden / unladen running 78
Slide 79: Emulation benefits delivered
Emulation benefits delivered Benefits already delivered by testing new Terminal Operating System (TOS) settings and applying to current operation: • Reefer ‘decking’ strategy – The system applied consistent rules around mixing of container features for containers stacked on top of each other (vessel
Slide 80: New Zealand port productivity
New Zealand port productivity Source: FIGS, Ministry of Transport • Direct correlation between vessel on time performance and port productivity. • Last NZ port call impact exacerbates impact to Tauranga. • Project team looking at all areas to improve productivity while we await berth extension. 80
Slide 81: Straddle MPH
Straddle MPH Avg. Vessel Exchange (TEU) Arrived On Time Completed On Time anne fel seas |e 486 Notified OPA < Ghrs after window open Includes weather delays OO Rehandles Rehandles - Exports All v Rolled/Rerouted Moves per Container iner and Productivity Stats Month-Year crane Crane Crane Crane Strad
Slide 82: Productivity / service delivery improvement focus
Productivity / service delivery improvement focus Digital • Expert Decking capability – Putting the containers in the best location (system driven optimisation of our yard to maximise use of space and reduce unnecessary rehandling and driving more productive vessel loading) • Prime Route capability
Slide 83: Global Container Port Performance Index - 2024
Global Container Port Performance Index - 2024 Port Maritime services region CPPI Score 2024 Regional ranking Tauranga Australasia & Oceania 5 1 Bell Bay Australasia & Oceania 4 2 Nelson Australasia & Oceania 0 3 Timaru Australasia & Oceania -4 4 Wellington Australasia & Oceania -5 5 Adelaide Austra
Slide 84: Customers and service delivery
Customers and service delivery • We value deeply our customers and partner with them and foster strong enduring relationships • We have strong relationships with both the shipping lines and the cargo owners • Our customers are appreciative of our “can do” attitude • Customers are supportive of our f
Slide 85: Deep dive 5: Capital management and ROIC
Deep dive 5: Capital management and ROIC Simon Kebbell, Chief Financial Officer 85
Slide 86: Capex outlook
Capex outlook POTL forecasts a significant amount of capital expenditure over the next five years FY26 FY27 FY28 FY29 FY30 Total • Project values are highly Capital expenditure $000s $000s $000s $000s $000s $000s sensitive to foreign Capital dredging 70,000 70,000 exchange and Sulphur Point berth ex
Slide 87: Net debt / net debt + equity
Net debt / net debt + equity For the six months ended 31 December 2025 24.5% • Leverage remains low, providing 25% balance sheet headroom to progress berth extension and automation 20% project. 18.0% 18.1% 17.1% 17.1% 15% 10% 5% 0% FY22 FY23 FY24 FY25 FY26 87
Slide 88: Recycling capital - land holdings
Recycling capital - land holdings • Board has approved the recycling of non- strategic land holdings to fund port development. • Estimated value ~$152 million. 88
Slide 89: Port of Tauranga Limited returns
Port of Tauranga Limited returns ROIC Target of 7% on operational assets by FY27 Actual Operational Non-core Investments in and ROIC targets must be met: FY25 assets assets advances to EAIs • Achieving above-WACC ROIC is a $000 $000 $000 $000 prerequisite for planned growth Total investments Investe
Slide 90: Managing the balance sheet
Managing the balance sheet Continued disciplined capital management Balance sheet management Maintain credit metrics aligned to a BBB+ (noting S&P A- rating). Improve profitability to deliver returns above WACC and support growth investments. Maintain a stable and sustainable dividend profile. Recyc
Slide 91: Deep dive 6: Ruakura Superhub and inland port development
Deep dive 6: Ruakura Superhub and inland port development Richard Jefferies, General Manager Tainui Group Holdings 91
Slide 92: Deep dive 7: Northport Group’s future role
Deep dive 7: Northport Group’s future role Jon Moore, Acting Chief Executive, Northport Group 92
Slide 93: That’s a wrap
That’s a wrap • Port of Tauranga is New Zealand’s leading export port. • Growth in Upper North Island population, Auckland capacity constraints, bigger ships and increased coastal feeding all lead to - Import and Transshipment cargo growth at Port of Tauranga. • We are preparing the necessary Port i
Slide 94: Questions
Questions Port of