THE PORT OF VIRGINIA: A CATALYST FOR COMMERCE 02.15.17 Stewards of Tomorrow 1
OUR TERMINALS VIRGINIA INLAND PORT RICHMOND NEWPORT NEWS MARINE TERMINAL MARINE TERMINAL VIRGINIA NORFOLK INTERNATIONAL INTERNATIONAL GATEWAY TERMINALS PORTSMOUTH MARINE TERMINAL Stewards of Tomorrow 2
HOW WE MOVED THE CARGO: CY 2016 2.65 million 20-Foot Equivalent Units (TEUs) 2% RMT Barge Service 37% 61% % change from CY 2015: + 14% -1.2% -15.3% +32.8% 4.2% growth over CY 2015 Stewards of Tomorrow 3
HOW WE MOVED THE CARGO: CY 2016 CSX’s double stack -capable Virginia Avenue 37% tunnel will propel us even further. + 14% The Port of Virginia is now the highest rail-volume port on the East Coast. Stewards of Tomorrow 4
QUICK ACCESS BY RAIL Stewards of Tomorrow 5
MARKET SIZE/PORT POSITIONING Our location and primary market size positions us perfectly to serve the American Heartland. Source: Colliers, population categories defined by R K Johns Stewards of Tomorrow 6
OPERATING REVENUE: FY 2009 – FYTD 2017 1.44 1.46 $600 1.50 1.32 1.24 1.30 $500 1.13 $456.20 $454.80 1.09 1.08 1.05 1.10 $396.67 Containers, Million $400 $352.33 0.90 $310.64 $287.73 $300 0.70 0.65 $208.62 $209.26 $198.64 0.50 $200 0.30 $100 0.10 $0 -0.10 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FYTD 2017 FY 2009 and FY 2010 do not include APM statistics. Operating Revenue Compound Annual Growth Rate 2011 – 2016 = 9.6% Stewards of Tomorrow 7
OPERATING RESULTS: FY 2009 – FYTD 2017 $20.00 $13.60 $15.00 $8.49 $10.00 $4.70 $5.00 $0.00 -$5.00 -$10.00 -$11.20 -$15.00 -$15.51 -$16.56 -$20.00 -$18.51 -$20.05 -$20.49 -$25.00 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FYTD 2017 Stewards of Tomorrow 8
A NEW EAST COAST ERA HAS BEGUN JULY 10, 2016 MOL BENEFACTOR 10,000 TEU Stewards of Tomorrow 9
INVESTING IN THE FUTURE Stewards of Tomorrow 10
NIT SOUTH EXPANSION Increase capacity by 400,000 containers (46%) 2018: first stacks complete 2020: all 30 stacks complete $350 million investment Stewards of Tomorrow 11
VIRGINIA INTERNATIONAL GATEWAY Increases capacity to 1.2 million containers Expanded Rail Operation Extended Berth 4 new STS Cranes Stewards of Tomorrow 12
VIG PROJECT COMPONENTS Stewards of Tomorrow 13
1,000,000 ADDITIONAL CONTAINERS ANNUALLY (A 40% INCREASE) 286,000 NEW JOBS ACROSS THE STATE $38 BILLION IN SPENDING $1.1 BILLION IN NEW STATE & LOCAL TAXES Source: Economic Impacts of Virginia’s Maritime Industry, 2013, Raymond A. Mason School of Business, William & Mary Stewards of Tomorrow 14
CY 2016 ECONOMIC DEVELOPMENT TOTALS 41ANNOUNCEMENTS MORE THAN 3.5 MILLION SQ. FT . OF SPACE INVESTED MORE THAN $924 MILLION CREATED 3,808 JOBS Stewards of Tomorrow 15
CY 2016 ECONOMIC DEVELOPMENT TOTALS MORE THAN 1.3 MILLION SQ. FT . OF SPECULATIVE WAREHOUSE SPACE ANNOUNCED IN 2016 Stewards of Tomorrow 16
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GAINING MOMENTUM: East Coast Ports Market Share 35.00% 32.65% 31.75% 30.00% 25.00% 18.96% 18.87% 20.00% 14.51% 12.81% 15.00% 10.30% 9.64% 10.00% 5.00% - Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Baltimore (MPA facilities only) Charleston Port of Virginia Miami New York/New Jersey Port Everglades Savannah Stewards of Tomorrow 18
THE PIECES ARE IN PLACE • Strategic location • Water depth • Lack of height restrictions • Plan for capacity and throughput • Rail & road infrastructure • First In, Last Out Ready Stewards of Tomorrow 19
WE ARE VIRGINIA’S GLOBAL GATEWAY. Stewards of Tomorrow 20
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