Community Reference Group POAL | 20th March 2019
Introduction • Interim Results • 30 Year Master Plan Update Car Handling Building Channel Deepening Hydrogen • Port Updates Air Quality Monitoring Billboard Proposal SeePort Festival • Port Tour Fergusson Northern Berth Car Handling Building site Ports of Auckland | Community Reference Group - March 2019 2
Interim Results Ports of Auckland | Community Reference Group - March 2019 3
Volumes Total Containers (TEU) 1,200,000 972,434 973,722 952,331 1,000,000 Dec 18 half year volumes 907,099 • Containers and cars down 800,000 • Bulk and breakbulk up 600,000 508,262 485,093 400,000 200,000 - 2015 2016 2017 2018 Dec-17 Dec-18 Cars Bulk and Breakbulk (excl Cars) 350,000 4.0 297,383 297,678 3.4 300,000 3.5 3.2 3.1 3.0 248,065 243,801 250,000 3.0 Million Tonnes 2.5 200,000 148,879 1.9 2.0 1.7 150,000 124,190 1.5 100,000 1.0 50,000 0.5 - - 2015 2016 2017 2018 Dec-17 Dec-18 2015 2016 2017 2018 Dec-17 Dec-18 Ports of Auckland | Community Reference Group - March 2019 4
Financials Revenue & EBITDA 300.0 243.2 250.0 222.4 218.3 211.1 200.0 Dec 18 half year 150.0 123.6 120.6 108.7 102.6 103.5 87.8 financials 100.0 52.5 48.5 50.0 - • Revenue up 2015 2016 2017 2018 Dec-17 Dec-18 $ million • Profit down Revenue ($m) EBITDA ($m) June full year result Underlying Profit before Tax will be down on last 80.0 72.8 year 67.9 67.1 70.0 55.4 60.0 50.0 35.2 40.0 28.5 30.0 20.0 10.0 - 2015 2016 2017 2018 Dec-17 Dec-18 $ million Ports of Auckland | Community Reference Group - March 2019 5
Factors Impacting Financial Results • Automation project affecting capacity, productivity and costs • Terminal at capacity – no growth until after automation • High CAPEX spend = Higher debt level and interest cost • Overall economic conditions – World, NZ and Auckland growth • International container lines financial position = Consolidation + Pricing pressure Ports of Auckland | Community Reference Group - March 2019 6
30 Year Master Plan Update Ports of Auckland | Community Reference Group - March 2019 7
Masterplan Timeline July 2018 – removal of Bledisloe container cranes Mid 2018 – seek consent for car handling building Oct 2018 – deliver new Fergusson cranes Nov 2018 – seek consent to dispose of dredged material Feb 2019 – start construction of car handling building Mid 2019 – seek consent to deepen channel Early 2020 – automation goes live Late 2020 – car handling building complete 2020 – apply for consent for Bledisloe North Berth Ports of Auckland | Community Reference Group - March 2019 8
Car Handling Building Construction begun in mid-Feb Currently piling Commissioning work for the rooftop park concept design Ports of Auckland | Community Reference Group - March 2019 9
Car Handling Building Ports of Auckland | Community Reference Group - March 2019 10
Channel Deepening Auckland growth = more people = more freight More freight = bigger ships as lines try to reduce cost Bigger ships = deeper channel Ports of Auckland | Community Reference Group - March 2019 11
Channel Deepening To safely accommodate an 11,000+ TEU ship we need to deepen: • Straights to 14.0m • Corners to 14.2m Ports of Auckland | Community Reference Group - March 2019 12
Hydrogen Install a hydrogen generation and refuelling station on site at the Port of Auckland Show how Demonstrate safety Demonstrate we’re taking and success the versatility action of New Zealand’s first green of hydrogen fuel within the hydrogen transport fuel port (e.g. cars, straddles and to meet our zero production plant forklifts) and showcase wider emissions targets community applications by 2040 Ports of Auckland | Community Reference Group - March 2019 13
Hydrogen – How Our Plant Will Work O 2 e- LP H 2 MP H 2 Power Electrolyser Low pressure storage Supply compressor Medium pressure storage H 2 O H Y D R O G E N R E F U E L I N G P R O C E S S Dispense Fueling compressor Fuel cell vehicle High pressure storage r HP H 2 Ports of Auckland | Community Reference Group - March 2019 14
Port Updates Ports of Auckland | Community Reference Group - March 2019 15
Air Quality Monitoring • Auckland Council (AC) compiled emissions inventory based on 2016 data • POAL designed monitoring program to try and measure impact of shipping on ambient air quality over 12 months • 2 sites – Parnell and Devonport • Undertaken in conjunction with AC Ports of Auckland | Community Reference Group - March 2019 16
Air Quality Monitoring – Preliminary Results and Next Steps Parnell • Full analysis of data underway. • Summary report to be finalised shortly • Report will be available on POAL website. • Based on frequency of wind recommend finding a more representative site Devonport • Monitoring continuing till September 2019 Ports of Auckland | Community Reference Group - March 2019 17
Billboard Proposal Ports of Auckland | Community Reference Group - March 2019 18
SeePort Festival Ports of Auckland | Community Reference Group - March 2019 19
AOB Ports of Auckland | Community Reference Group - March 2019 20
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