Westshore Terminals Investment Corporation · TSX:WTE
Westshore Terminals Investment — Shareholder Meeting (June 2012)
19 slides from Westshore Terminals Investment's shareholder meeting presentation, Jun 19, 2012
Slide 1: Westshore Terminals Limited Partnership
Westshore Terminals Limited Partnership June 19 th , 2012 Westshore Terminals
Slide 2: Forward-looking statements
Forward-looking statements The foregoing statements concerning tonnages, coal prices, exchange rates, loading rates, taxation and variability of distributions, and the expected timing of changes relating to those factors, are forward-looking statements that reflect the current expectations of the Li
Slide 3: Our site
Our site
Slide 4: Total distributions
Total distributions 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 Q1 0.30 0.27 0.42 0.24 0.28 0.26 0.29 0.20 0.30 0.21 0.14 0.14 0.15 0.19 0.20 0.13 Q2 0.32 0.24 0.41 0.28 0.47 0.25 0.27 0.20 0.14 0.17 0.16 0.17 0.15 0.19 0.24 0.23 Q3 ---- 0.29 0.46 0.32 0.52 0.29 0
Slide 5: How we've fared
How we’ve fared 30 27.3 25 24.7 23.5 22.2 22.5 23.3 21.4 21.9 21.1 21.1 21.2 21.2 20 20.1 19.4 19.3 18.9 15 10 5 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Total shipments
Slide 6: A year of records
A year of records ● Record throughput 27.3 million tonnes - previous record 24.7 million tonnes 2010 ● Capacity up from 29 to 33 million tonnes by end of 2012
Slide 7: Still the busiest
Still the busiest ● Record month at 2,583,384 tonnes December, 2011 ● Record U.S. shipments at 8.2 million tonnes ● South Korea now our No. 1 customer at 11.8 million tonnes in 2011
Slide 8: Site shutdowns
Site shutdowns ● Two major shutdowns in 2012 ● March-April completed transfer chute installation over 16 days/ half the site idle for first time ever
Slide 9: Second shutdown
Second shutdown ● October 1 sees another six-week shutdown - ● Replace single dumper with new twin set ● Exit and entry train positioners added ● Existing twin dumper, two berths, and all stacker- reclaimers remain operational
Slide 10: Our 2012
Expect to ship similar volumes to 2011 . . . if all goes well ● Our 2012
Slide 11: Labour peace
Labour peace ● Signed five-year contracts with all three ILWU Locals in 2011
Slide 12: Under pressure
Under pressure ● All three British Columbia coal export terminals: - expanding - running at capacity - turning away business
Slide 13: Competition increasing
Competition increasing Longview WA Cherry Point WA ● Six export coal terminal proposals under review in Washington & Oregon - hoping to capture booming U.S. coal export traffic - Up to 150 million tonnes new export capacity if all go ahead
Slide 14: Are we worried?
Are we worried? ● Strong, organized opposition ● May take years to clear environmental and regulatory hurdles
Slide 15: Potential new customers
Potential new customers ● Major new players in Northeast BC -Anglo-American -Xstrata -Jim Walters
Slide 16: Ramping up
Ramping up ● Our customers likely to boost production in coming years ● Believe there is more than enough coal business for all export terminals
Slide 17: New No. 1 buyer
2001 Japan Korea 2011 Taiwan Europe S. America China New No. 1 buyer Other
Slide 18: Our future
Our future ● Once equipment upgrades completed expect sustained growth ● With our increased capacity, our customers will be able to boost production
Slide 19: Thank you
Westshore Terminals Thank you
Westshore Terminals Investment — Shareholder Meeting (June 2012) on 6ix