Port Of Tauranga Limited · NZX:POT
Port Of Tauranga — Shareholder Meeting (October 2024)
55 slides from Port Of Tauranga's shareholder meeting presentation, Oct 25, 2024
Slide 1: Annual Meeting of Shareholders
Annual Meeting of Shareholders 25 October 2024
Slide 2: Julia Hoare, Chair
Julia Hoare Chair
Slide 3: Slide 3
Slide 4: Board of Directors
Board of Directors Julia Hoare Alison Andrew Dean Bracewell Fraser Whineray Doug Leeder Sir Robert McLeod Brodie Stevens Scott Campbell • Leeder • BrBrodieodi (Future Director) e Stevens
Slide 5: Senior management team
Senior management team Leonard Sampson Simon Kebbell Rochelle Lockley Melanie Dyer Chief Executive Chief Financial Officer GM Communications GM Corporate Services Pat Kirk Dan Kneebone Blair Hamill GM Health and Safety GM Property and Infrastructure GM Commercial
Slide 6: Port of Tauranga
Port of Tauranga |
Slide 7: Total trade down 4.2% (-8.5% half year)
Total trade down 4.2% (- 8.5% half year ) For the year ended 30 June 2024 Total trade for the year ended June 2024 30 25.7 25.6 24.7 25 23.6 20 tonnes (millions) 15 16.3 15.9 15.7 15.8 10 9.4 9.7 9 7.8 5 0 FY21 FY22 FY23 FY24 Overall Export tonnes Import tonnes
Slide 8: A much improved second half performance
A much improved second half performance For the year ended 30 June 2024 Group underlying earnings up 17.4% to $55.477 million in the second half $60.000 1/2 FY24 2/2 FY24 Movement 5.574 $50.000 Trade volumes tonnes 11,634,279 12,014,535 3.3% 4.861 Total containers (TEUs) 536,928 610,422 13.7% $40.00
Slide 9: Group underlying earnings down 12.8%
Group underlying earnings down 12.8% For the year ended 30 June 2024 Group underlying earnings $140 117.792 $120 111.317 102.375 102.718 $100 92.338 millions (NZD) $80 $60 $40 $20 $0 FY20 FY21 FY22 FY23 FY24
Slide 10: Subsidiaries and associates net profit after tax down 29.3%
Subsidiaries and associates net profit after tax down 29.3% For the year ended 30 June 2024 $20,000 $17,840 $14,952 $15,000 $13,347 $12,728 000s $10,000 $9,431 $5,000 $0 FY20 FY21 FY22 FY23 FY24
Slide 11: Ordinary dividends 14.7 cents per share
Ordinary dividends 14.7 cents per share For the year ended 30 June 2024 16 15.6 14.7 14.7 14 13.5 12.4 12 10 CPS 8 6 4 2 0 FY20 FY21 FY22 FY23 FY24
Slide 12: Port of Tauranga
Port of Tauranga
Slide 13: Ruakura Inland Port
> Ruakura INLAND PORT
Slide 14: Stella Passage Project - Proposed berth extensions
Stella Passage Project - Proposed berth extensions at Sulphur Point and Mount Maunganui wharves
Slide 15: CGI of future berth extension and automation, Sulphur Point
CGI of future berth extension and automation, Sulphur Point
Slide 16: CGI of automated stacking crane and truck exchange
CGI of automated stacking crane and truck exchange
Slide 17: Port of Tauranga
Port of Tauranga
Slide 18: Leonard Sampson, Chief Executive
Leonard Sampson Chief Executive
Slide 19: New Zealand port productivity
New Zealand port productivity New Zealand ports - crane rate 2018 - 2024 New Zealand ports - vessel rate 2018 - 2024 National average: 25.7, down 0.5% on previous year Port of Tauranga FY24 average: 30.1, up 8% PCP 42.0 90.0 80.0 37.0 Crane Rate 70.0 Vessel Rate 32.0 60.0 27.0 50.0 22.0 40.0 17.0 30
Slide 20: Safety starts with me
Safety starts With mé TeamSafe Award Port of Tauranga
Slide 21: Total trade down 4.2% (-8.5% half year)
Total trade down 4.2% (- 8.5% half year ) For the year ended 30 June 2024 Total trade for the year ended June 2024 30 25.7 25.6 24.7 25 23.6 20 tonnes (millions) 15 16.3 15.9 15.7 15.8 10 9.4 9.7 9 7.8 5 0 FY21 FY22 FY23 FY24 Overall Export tonnes Import tonnes
Slide 22: Total container volumes down 2.5%
Total container volumes down 2.5% (-15% at half year ) For the year ended 30 June 2024 Container volumes down 2.5% Year ended June 2024 1,300,000 1,251,741 1,241,061 1,200,831 1,200,000 1,177,350 1,147,350 1,100,000 1,000,000 TEU's 900,000 800,000 700,000 600,000 500,000 FY20 FY21 FY22 FY23 FY24
Slide 23: Log exports up 7.5%
Log exports up 7.5% For the year ended 30 June 2024 Log exports For the year ended June 2024 8,000,000 7,062,855 7,000,000 6,681,899 6,338,716 6,215,623 6,058,019 6,000,000 5,543,540 5,000,000 JASm3 4,000,000 3,000,000 2,000,000 1,000,000 0 FY19 FY20 FY21 FY22 FY23 FY24
Slide 24: Total direct dairy volume down 3.4%
Total direct dairy volume down 3.4% For the year ended 30 June 2024 Direct dairy exports For the year ended June 2024 3.00 2.69 2.56 2.50 2.50 2.42 2.20 dairy tonnes (millions) 2.00 1.50 1.00 0.50 0.00 FY20 FY21 FY22 FY23 FY24
Slide 25: Direct kiwifruit volume up 8.5%
Direct kiwifruit volume up 8.5% For the year ended 30 June 2024 Direct kiwifruit exports For the year ended June 2024 700 626 600 575 534 517 492 500 tonnes (000's) 400 300 200 100 0 FY20 FY21 FY22 FY23 FY24
Slide 26: Cruise vessels
Cruise vessels Cruise season total vessel visits to Mount Maunganui For the year ended 30 June 2024 140 120 116 100 107 109 cruise vessel calls 90 91 80 87 80 60 40 20 0 0 0 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 24/25 (F)
Slide 27: New Zealand's largest port
New Zealand’s largest port Connecting New Zealand and the World Total New Zealand tonnes by port FY2024 Total New Zealand sea port cargo value FY2024 50 25 32% 32% 20 40 29% Tonnes (millions) NZD (Bilions) 15 30 Import Import Export Export 10 20 10% 10% 9% 11% 8% 7% 5 6% 5% 4% 10 7% 7% 4% 3% 2% 1% 4
Slide 28: Ruakura Inland Port
Ruakura Inland Port Container depot under construction
Slide 29: CGI of Stella Passage Project zones
CGI of Stella Passage Project zones
Slide 30: CGI of future automated stacking cranes and hybrid straddle
CGI of future automated stacking cranes and hybrid straddle
Slide 31: Slide 31
Slide 32: Slide 32
Slide 33: Slide 33
Slide 34: 34
34
Slide 35: Air quality monitoring
Air quality monitoring Number of PM10 exceedances immediately adjacent to the Port 18 17 16 14 12 10 8 6 4 3 2 1 0 0 2019-20 2020-21 2021-22 2022-23
Slide 36: Slide 36
Slide 37: Climate-related Disclosures Report 2024
Climate-related Disclosures Report 2024
Slide 38: Total greenhouse gas emissions down 13.5%
Total greenhouse gas emissions down 13.5% For year ended June 2024 Total greenhouse gas emissions Kilograms of CO2e per tonne of cargo For the year ended 30 June 2024 For the year ended 30 June 2024 2.00 50,000 Kilograms CO2e per tonne of cargo 1.80 45,000 44,223 43,156 1.68 1.65 1.65 40,973 40,021
Slide 39: Port of Tauranga
an Port of Tauranga
Slide 40: Port of Tauranga
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Slide 41: Port of Tauranga
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Slide 42: Northport, Ports of Auckland and Port of Tauranga roles
Northport + Bulk and containerised imports for Auckland (e.g. cars) + Bulk exports ex Northland and Auckland Ports of Auckland + Containerised imports for Auckland + Cruise + Specialised Port of Tauranga + Big ship services + Containerised exports (all NZ) + Bulk exports ex Waikato/BOP/Central NI (e
Slide 43: First quarter performance
First quarter performance For three months ended September 2024 • Total trade up 7.6% to 6.2 million tonnes • Total container volumes up 17.0% to 292,860 TEU.
Slide 44: Outlook 2025
Outlook 2025 • FY2025 underlying earnings expected in the range of $110 million to $120 million • Port of Tauranga remains well placed for cargo volume recovery with improved productivity and plans to grow capacity.
Slide 45: Thank you
Thank you Port of Tauranga Connecting New Zealand and the World
Slide 46: Integrated Annual Report 2024
Integrated Annual Report 2024
Slide 47: Annual Meeting of Shareholders
Annual Meeting of Shareholders 25 October 2024
Slide 48: Resolution 1: Re-election of Ms Julia Hoare
Resolution 1 Re-election of Ms Julia Hoare
Slide 49: Resolution 2: Re-election of Ms Alison Andrew
Resolution 2 Re-election of Ms Alison Andrew
Slide 50: Resolution 3: Election of Mr Fraser Whineray
Resolution 3 Election of Mr Fraser Whineray
Slide 51: Resolution 4: Election of Sir Robert McLeod
Resolution 4 Election of Sir Robert McLeod
Slide 52: Resolution 5: Remuneration of Auditor
Resolution 5 Remuneration of Auditor
Slide 53: Port of Tauranga
Port of Tauranga Connecting New Zealand and the World
Slide 54: Annual Meeting of Shareholders
Annual Meeting of Shareholders 25 October 2024
Slide 55: Port of Tauranga
Port of Tauranga Connecting New Zealand and the World
Port of Tauranga — Shareholder Meeting (October 2024) on 6ix