Luka Rijeka D.d. · ZSE:LKRI
Luka Rijeka D.d — Investor Presentation (2015)
34 slides from Luka Rijeka D.d's investor presentation, 2015
Slide 1: New Gateway to EU
Luka Rijeka d.d. New Gateway to EU www.lukarijeka.hr
Slide 2: Disclaimer
Disclaimer It is prohibited to copy one part or the entirety of this presentation, to create summaries of it or make an extract from it, to quote from it, present it or discuss it in public in any other manner without previously obtaining written permission from Port of Rijeka j.s.c. This presen
Slide 3: Content
Content A Introduction B The Port of Rijeka today C The development of business – the Port of Rijeka tomorrow www.lukarijeka.hr 3
Slide 4: Geographical position
A Geographical position Due to its favourable geographical position, the Port of Rijeka (˝Company˝) allows for the shortest sea connection between the countries of Central and Eastern Europe and overseas countries. As an integral part of the TEN-T transport network and corridor, the Port of Rije
Slide 5: Geographical position – a competitive advantage
Geographical position – a competitive advantage of A the Port of Rijeka the North Adriatic transport route: – possesses great nautical advantages for ships arriving from the Suez Canal >2,000 Nm – it shortens the travel time for approximately 5 to 7 days – decreases transport costs – decreases tra
Slide 6: Geographical position – competition
A Geographical position – competition The main competitors of the Port of Rijeka are the Upon Croatia’s ports of the North Adriatic cluster – Koper, Trieste, accession to the EU in Venice, Ravenna, Chioggia and Monfalcone. 2013, and in light of The Port of Rijeka divides its gravitational mark
Slide 7: Republic of Croatia – transport strategy
A Republic of Croatia – transport strategy The Port of Rijeka is located on a strategic EU transport route (the TEN-T Mediterranean corridor) and connects on to the ˝Baltic-Adriatic˝ route. EU and Croatia strategically and operatively support investment in port and railroad infrastructure that i
Slide 8: Republic of Croatia – Development of the Rijeka transport route
A Republic of Croatia–Development of the Rijeka transport route Recent improvements and investments in the electrification of Croatia’s railroad network represent very positive steps forward in relation to the main activities of Port of Rijeka j.s.c. – The railroad network between Rijeka and the H
Slide 9: Comparison with competition
A Comparison with competition The Port of Koper is the most significant competitor of the Port of Rijeka: – the turbulences that have affected the Port of Rijeka have not affected the Port of Koper, thus creating a gap in development – the Port of Koper has recorded a particularly significant incr
Slide 10: Historical growth of dry cargo traffic at Rijeka and Koper
The historical growth of the traffic of dry cargo at the Port of Rijeka A and the Port of Koper Note: The historical growth of the traffic of dry cargo at the Port of Rijeka and the Port of Koper (excluding liquid cargo) Source: Statistics of the Port of Rijeka and the Port of Koper www.lukarijeka.h
Slide 11: The Port of Rijeka today – Basic information
B The Port of Rijeka today – Basic information The Port of Rijeka, pursuant to a concession contract valid by 2042, is the largest port operator for the transhipment of dry cargo in Croatia, with a total cargo amount of over 4,1 million tonnes in 2014 – The Port of Rijeka specialises in the dispat
Slide 12: The Port of Rijeka today – Organisational structure
B The Port of Rijeka today – Organisational structure COMPANY AFFILIATE SUBSIDIARIES BOARD DEPARTMENT FOR Luka - Prijevoz d.o.o. BOARD OFFICE Jadranska vrata d.d. (100%) INTERNAL CONTROL (Adriatic Gate Container Terminal) DEPARTMENT FOR CONTROLLING (49%) Stanovi d.o.o. QUALITY MANAGEMENT DEPARTMENT
Slide 13: Geographical position of the port basins
B The Port of Rijeka today – geographical position of the port basins Image of the port basins operated by the Port of Rijeka: The Škrljevo Background Terminal is located 7.5 km from the Rijeka Basin (Brajdica Container Terminal) and 3 km from the Bakar Basin. www.lukarijeka.hr 13
Slide 14: The Port of Rijeka today - terminals
B The Port of Rijeka today - terminals Drvo Drvo Drvo Generalni Žitarice Generalni Frigo Generalni AGCT Generalni Rijeka (general) Silos (grains) Rijeka (cooler) AGCT Rijeka (wood) Annual capacity: 1,000,000 t Annual capacity: 100,000 t Annual capacity: 600,000 TEU Annual capacity: 500,000 t Annual
Slide 15: Terminals (continuation)
B The Port of Rijeka today - terminals (continuation) Border of the port areas of Rijeka and Sušak Zagreb Dock – a new container terminal RGP –Port/City interface –repurposing and Port area under the concession of the Port of Rijeka construction Adriatic Gate Container Terminal Decreasing the area u
Slide 16: Terminal for general cargo (Rijeka)
B Terminal for general cargo (Rijeka) Offers the possibility of handling and storing various types of general cargo, such as metal products and constructions, granite blocks, paper etc. In addition, it is connected to the hinterland via railroad. The terminal also specialises in handling lengths o
Slide 17: Terminal for grains (silos)
B Terminal for grains (silos) Terminal for the transhipment and storage of grains and oilseed crops, with a railroad connection The silos can be used to dry grains, clean them with a separator, disinfect them and weigh them during all phases of operation Sea depth: 14 m; Annual capacity: 1,0
Slide 18: Wood terminal
B Wood terminal Possesses a climate favourable to cut wood that allows it to dry naturally Sea depth: 10 m; Annual capacity: 500,000 t; One-time storage : 35,000 -50,000 m³ (depending on the type of wood); Preparing cut wood for: – Sorting; – Impregnation; – Marking; – Packaging and bindin
Slide 19: Frigo Terminal
B Frigo Terminal Frigo Terminal is a business unit for the transhipment of frozen cargo, and is also a part of the terminal for general cargo in Rijeka Sea depth: 10 m; Annual capacity: 100,000 t; Total area of the conditioned warehouse: 8,000 m²; One-time storage capacity: 3,175 t; Cold
Slide 20: Terminal for bulk cargo (Bakar)
B Terminal for bulk cargo (Bakar) Terminal for the handling and storage of iron ores, coal and other bulk cargo. Accommodates Panamax and Capesize ships. Is connected to the hinterland via railroad Sea depth: 18 m; Annual capacity: 4,000,000 t; One-time storage capacity: – For fine iron
Slide 21: Terminal Bršica
B Terminal Bršica Bršica Terminal is a multi-purpose terminal for the accommodation and transhipment of live cattle and the transhipment of wood, general and bulk cargo. Sea depth: 8m; Annual capacity: 600,000 t; Accommodation capacity: approx. 1,000 cattle heads; Continued veterinary supe
Slide 22: Škrljevo Terminal - today
B Škrljevo Terminal - today Škrljevo Background Terminal – a multi-purpose logistical centre intended for the handling and storage of containers and general and bulk cargo The terminal is under the ownership of the Port of Rijeka and has the status of a customs free zone Total area: 468,977 m²
Slide 23: Adriatic Gate Container Terminal – AGCT
B Adriatic Gate Container Terminal –AGCT Ownership structure of AGCT: 51% -ICTS Inc., (global operator of container terminals with headquarters in Manila, the Philippines); 49% - Port of Rijeka j.s.c. Investment cycle completed: Expansion of the dock by 326 m; Annual capacity: 600,000 TE
Slide 24: Physical indicators of business
B Physical indicators of business After the breakout of the global economic crisis in 2008, the amount of bulk cargo as a category has been decreasing, while the amount of general cargo has remained stable. The volume of container traffic generated by AGCT (part of the category of general cargo
Slide 25: Profit and loss account
B Profit and loss account 2012 2013 2014 I-III 2014 I-III 2015 Revenue from sales 169.260 146.201 167.351 41.652 42.616 Other income 19.108 33.976 16.945 4.839 3.473 188.368 180.177 184.296 46.491 46.088 Materials, services and consumables used (58.705) (59.346) (67.398) (15.894) (15.773) Personnel
Slide 26: Net debt
B Net debt Net debt of the Port of Rijeka Group (in thousands of HRK) (in '000 HRK) 31.12.2012 31.12.2013 31.12.2014 31.03.2014 31.03.2015 Short-term loans 21.128 37.639 50.127 41.523 48.992 + Long-term loans 59.113 61.553 48.281 43.013 40.584 + Finance lease liabilities 26.018 24.867 23.455 20.429
Slide 27: Ratios
B Ratios 31.12.2012 31.12.2013 31.12.2014 Liquidity ratios Cash ratio 0,49 0,32 0,22 Quick ratio 0,88 0,64 0,61 Current ratio 0,89 0,66 0,62 Debt ratios Total debt / Total assets 0,18 0,21 0,17 Equity /Total assets 0,63 0,63 0,66 Net debt / EBITDA n.d. 5,34 7,89 Shor-term loans / EBITDA 2,16 2,99 4,
Slide 28: Conclusion – the Port of Rijeka today
B Conclusion – the Port of Rijeka today The Port of Rijeka today: Largely state-owned (83% share), other shareholders with shares below 2%; Concession contract concluded with the Port Management of Rijeka expires in 2042; Port of Rijeka holds a 49% share in the container terminal AGCT. Results
Slide 29: Key growth generators
C Key growth generators Value initiators External Internal Holding concession up to 2042 and Potential of the gravitational area of Historical recognisability of the brand Defined marketing and sales plan ownership of the Škrljevo Background Central and Eastern Europe on the gravitational market bas
Slide 30: Škrljevo Terminal – the greatest capital investment
C Škrljevo Terminal – the greatest capital investment An amount of 322 million HRK (~43 million EUR) is planned to be invested in Škrljevo Background Terminal. Škrljevo Terminal today Škrljevo Terminal after 2017 Total area: 468,977 m2 Total area: 468,977 m2 28,160 m2 of covered storage space
Slide 31: Škrljevo Terminal – the greatest capital investment (continuation)
C Škrljevo Terminal – the greatest capital investment (continuation) Škrljevo Terminal is a key strategic project of the Port of Rijeka j.s.c. : Land and facilities are 100% owned by Port of Rijeka j.s.c. Effective building permits have been obtained. construction can begin immediately upon th
Slide 32: Škrljevo Terminal – investment structure
C Škrljevo Terminal – the greatest capital investment (continuation) Investment structure (in millions of HRK) 24 16 4 38 10 45 15 322 103 65 Plateaus Civil Road Railroad Hydrotechnology Mechanisation Project Škrljevo engineering construction construction Energetics Environment development total www
Slide 33: Contact
Contact Company board Phone: + 385 51 496 533 Fax: + 385 51 496 008 E-mail: uprava@lukarijeka.hr www.lukarijeka.hr www.lukarijeka.hr 33
Slide 34: www.lukarijeka.hr
www.lukarijeka.hr * * Dk