Download - Port of Pipavav

Gujarat Pipavav Port Ltd.
November 2013

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2

Agenda
Port Overview
Port Expansion
Advantage Pipavav
Operational & Financial Overview
Environment & CSR
Management Team & Board
Pictures: Recent Infrastructure Enhancements
3

APM Terminals Pipavav – Overview
Kandla
Mundra
Navlakhi
Okha
Bedi
Sikka
Porbandar
Map not to scale
Bhavnagar
Pipavav
Dahej
Hazira
Magdalla
Maroli
Punjab
Kerala
J&K
HP
Uttarkhand
Haryana
Sikkim AP
Delhi
Assam Nagaland
Rajasthan UP
Manipur
Bihar Meghalaya
Tripura
Mizoram
Gujarat
Jharkhand
MP
Chhatisgarh West Bengal
Orissa
Maharashtra
Karnataka
TN
AP
Map not to scale
Concession & Infrastructure Connectivity Location
30 year concession agreement with Gujarat
Maritime Board and Government of Gujarat
till September, 2028
All weather port
Existing berth length of 1,140 mtrs (5
berths) including LPG berth (65 mtrs)
Draught- 14.5 meter at high tide
Capacity
– 1.3 million TEU’s on the quay side,
0.85 Million TEU’s yard capacity for
containers
– 4-5 million tons for bulk cargo
– 2 million tons for liquid cargo
1,561 acres of land
Rail
Connected to the Indian Railways
network through dedicated broad gauge
railway link (approx. 269 Km)
Road
Connected to the NH8E through a four
lane road link (approx. 10 km)
Airport
Bhavnagar - 120 Km
Diu - 90 Km
Connected to Northern and North Western
hinterlands
~ 150 nautical miles from ports in and
around Mumbai
Close to the main maritime trade routes
linking Europe & Middle East with Asia
4

Good Rail Connectivity to Northern Hinterland
PIPAVAV RAILWAY CORPORATION LIMITED
India’s first JV Rail Company
Equity partnership between the Company & Ministry of Railways
Pipavav stake 38.8% - has 3 board seats
In operation since 2003
Connects Pipavav to the ICD network
Capacity to handle 22 trains each way in a day
Ability to carry high cube double stack containers
Connectivity to Dedicated Freight Corridor (DFC)
Profit for 2012-13 at INR 464 million
Debt-free Company
5

Agenda
Port Overview
Port Expansion
Advantage Pipavav
Operational & Financial Overview
Environment & CSR
Management Team & Board
Pictures: Recent Infrastructure Enhancements
6

Port Development Map
Existing Layout
Proposed Layout
7

Summary of Port Development
Container
385 meter container berth
850k TEUs yard capacity;
5 Post Panamax, 3 Panamax, 18
RTGs
Bulk
360 meter dedicated dry bulk berth
(berth 1&2) and 330 meter
multipurpose berth (berth 3)
1 Gottwald crane
Multipurpose conveyor system:
1200 meters
Liquid
65 meter liquid jetty
Common Infrastructure
Current Internal Road used for
container and bulk traffic
Existing Infrastructure
Container
Bulk
Liquid
348 meter container berth
650k TEUs yard capacity
3 Post Panamax cranes, 10 RTGs
110 meter dry bulk berth extending
from Berth 1
1 Gottwald crane
Dedicated conveyor system for coal
handling
Relocation of liquid jetty
Common Infrastructure
Internal Road parallel to current
road
Dredging related to above, mainly
berth pockets
Expansion Highlights
Container
735 meter container berth
1.5 Mn TEUs yard capacity
8 Post Panamax cranes, 3
Panamax, 28 RTGs
Bulk
800 meter dry bulk berth
2 Gottwald crane
Dedicated coal conveyor system
and a multipurpose conveyor
system
Liquid
Capacity increase from 5 mill tons
to 10 mill tons
Relocated 65 meter liquid jetty
Common Infrastructure
Separate internal road for container
and bulk traffic
Post Expansion
INCREASED EFFICIENCY AND HANDLING OF LARGER VESSELS
8

Expansion Cost & Means of Finance
Total Cost of Expansion: Rs. 10,972 Million
Proposed Means of Finance
Sr.
No
Particulars
Container
INR Million
Bulk
Common
Infra
Total
1 Berth 2,280 545 - 2,825
2 Dredging - - 2,070 2,070
3 Yard & Conveyor 940 1,380 - 2,320
4 Equipment 2,380 285 - 2,665
5 Roads - - 545 545
6 Others 472 75 - 547
Total 6,072 2,285 2,615 10,972
Particulars INR Million
Equity 3,500
Debt 4,500
Int. Accural 2,972
Total 10,972
Equity raised used to reduce Indian Rupee Debt
ECB Debt for proposed expansion finalized
9

Agenda
Port Overview
Port Expansion
Advantage Pipavav
Operational & Financial Overview
Environment & CSR
Management Team & Board
Pictures: Recent Infrastructure Enhancements
10

Marquee Parentage
A.P. Moller Maersk Group
Container
shipping
Tankers, offshore
Terminals Oil & Gas
Retail Others
& other shipping
Part of Global Fortune 500
A.P. Moller - Maersk Group activities include
- Container shipping & Logistics;
- Ports & Terminal Operations;
- Oil and Gas;
- Tankers, LNG, Offshore;
- Retail activity;
Group revenue in CY 2012 – US$ 59.0 billion
Largest Container Shipping Line
One of the largest Port Operators
11

Promoter APM Terminals
One of the Largest Container Terminal Operators
71 Ports & Terminals and over 160 Inland Terminal locations operating in 68 countries
Provides integrated Port, Terminals & Inland Services management and operational expertise
to over 60 Container shipping lines
CY 2012 revenue of US$ 4.8 billion
20,000 employees
Winner of International Terminal Operator of 2013 by Containerization International
12

Agenda
Port Overview
Port Expansion
Advantage Pipavav
Operational & Financial Overview
Environment & CSR
Management Team & Board
Pictures: Recent Infrastructure Enhancements
13

Operational Performance - Quarterly
Container Volume Growth ('000 TEU)
Bulk volume Growth ('000 MT)
200
160
120
80
137 134
169 170 165
123 126
156 161 143
163
1,600
1,200
800
645
1,356
785
895
627
873
751 760
576
1,018 986
40
400
0
1Q
'11
2Q
'11
3Q
'11
4Q
'11
1Q
'12
2Q
'12
3Q
'12
4Q
'12
1Q
'13
2Q
'13
3Q
'13
0
1Q
'11
2Q
'11
3Q
'11
4Q
'11
1Q
'12
2Q
'12
3Q
'12
4Q
'12
1Q
'13
2Q
'13
3Q
'13
Rail Volume Development (Mn MT)
2.5
2.0
1.5
1.0
0.9 1.1 1.8 1.7
1.5 1.4
1.5 1.7 2.1
1.7
2.1
0.5
0.0
1Q
'11
2Q
'11
3Q
'11
4Q
'11
1Q
'12
2Q
'12
3Q
'12
4Q
'12
1Q
'13
2Q
'13
3Q
'13
14

Financial Performance - Quarterly
Revenue
EBITDA
1,400
1,200
1,000
800
600
400
200
0
831
1Q
'11
999 979
2Q
'11
3Q
'11
1,159
4Q
'11
1,004 1,025
943
1,188 1,245 1,220 1,262
1Q
'12
2Q
'12
3Q
'12
4Q
'12
1Q
'13
2Q
'13
3Q
'13
700
600
500
400
300
200
100
0
46%
379
1Q
'11
41%
409
2Q
'11
46%
450
51%
590
3Q 4Q
'11 '11
EBITDA
60%
45% 46% 48% 46% 45% 49% 614
50%
568 570
36%
549
40%
472
451
30%
337
20%
10%
0%
1Q
'12
2Q
'12
3Q
'12
4Q 1Q
'12 '13
EBITDA Margin
2Q
'13
3Q
'13
PAT
500
50%
400
300
200
100
7% 11% 13%
60
109 132
270
141
157
82
360
354 352
441
30%
10%
-10%
-30%
-50%
0
1Q
'11
2Q
'11
3Q
'11
4Q
'11
1Q
'12
2Q
'12
3Q
'12
4Q
'12
1Q
'13
2Q
'13
23%
14% 15% 9%
30% 28% 29% 35% -70%
3Q
'13
15
PAT
PAT Margin

Financial Performance - Yearly
Revenue EBITDA PAT
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
(Mn)
3,959 4,160
2,839
2,207
1,724
CY 2008 CY 2009 CY 2010 CY 2011 CY 2012
(Mn)
46% 44%
2000
41% 1,817 1,819 50%
1600
40%
27% 28%
1,174
1200
30%
800
464
611
20%
400
10%
0
0%
CY 2008 CY 2009 CY 2010 CY 2011 CY 2012
EBIDTA EBITDA %
(Mn)
18%
1000
14% 740
600
200
571
-200
-547
-600 -846 -1,164
-1000
-49%
-19%
-1400
-53%
-1800
CY 2008 CY 2009CY 2010 CY 2011CY 2012
PAT PAT %
40%
20%
0%
-20%
-40%
-60%
RoE & RoCE
Total Debt & D/E Ratio
(%)
20
10
-
(10)
(20)
(30)
(40)
(50)
-0.5
8.3
4.3
8.2
7.2 6.1
-3.6
-7.4
-22.1
-37.4
CY 2008 CY 2009 CY 2010 CY 2011 CY 2012
RoCE (RHS) RoE (LHS)
(Mn)
12,000
10,000
8,000
6,000
4,000
2,000
0
10,890
3.5 7,973
7,415
6,759
1.9
3,207
1.1
0.3
0.9
2008 2009 2010 2011 2012
Total Debt
D/E Ratio
4
3
2
1
0
16

Agenda
Port Overview
Port Expansion
Advantage Pipavav
Operational & Financial Overview
Environment & CSR
Management Team & Board
Pictures: Recent Infrastructure Enhancements
17

Environment
• 500 Hectares of Mangroves developed in Bharuch and Surat and in addition, 60 Acres developed within the port
• 7000 saplings nurtured in an in house nursery
• Sewage treatment plant re-uses the treated water for gardening while residue is used for plants
• Water quality at various locations including seawater at the jetty analysed and monitored
• Two nearby villages adopted for spreading awareness and implement solid waste management
• Rain water is harvested in two ponds, one with 10 Million Ltrs and the other with 0.5 Million Ltrs
• Low Carbon Innovation: Handling equipment that ran on diesel converted into electric
Rain Water Harvesting
Mangrove Plantations
18

Corporate Social Responsibility
Computers for school
School repairs
Tank and diesel pump
Contributions to school for speech
and hearing impaired
Cow shed for village
Thank you letter from Principal for
contributions to Science Lab
19

Agenda
Port Overview
Port Expansion
Advantage Pipavav
Operational & Financial Overview
Environment & CSR
Management Team & Board
Pictures: Recent Infrastructure Enhancements
20

Management Team
Personnel, Designation
Mr. Prakash Tulsiani
Managing Director
Mr. Hariharan Iyer
Chief Financial Officer
Mr. Ravi Gaitonde
Chief Operating Officer
Mr. C K Rajan
Container Business Head
Capt. Dinesh Lokapure
Bulk Business Head
Lalit Prasad Karan
Human Resources Head
Brief Biography
• Joined our Company in 2009.
• With the A P Moller Maersk Group since 1993 in several management positions until 2005.
Headed Gateway Terminals in Mumbai as COO from 2005-2009 and was instrumental in its
success from project stage to commercial operations before joining APM Terminals Pipavav.
Started his career in Thailand with a trading and shipping company. Certified chartered
accountant, company secretary & degree in law and commerce
• Joined our Company in 2009.
• Over 25 years of experience in various aspects of finance, both in India and overseas with the A
P Moller Maersk Group including Sealand Service Inc. Held various positions in finance and
information technology in UAE, India and Denmark, lately as the CFO for Maersk Line – India and
South Asia. Certified chartered & cost accountant, India & certified management accountant,
London
• Joined our Company in 2008.
• Over 28 years of experience in the shipping industry. Started his career in shipping and has
worked with M/s Gokak Patel Volkart (erstwhile agents of Maersk Line), Maersk India Private
Limited (AGM, responsible for UAE and Qatar operations), Star Track Terminals Private Limited,
M/s Hastings Trading e- Servicos Lda, Portugal
• Joined our Company in 2010.
• Over 25 years of experience in the shipping industry. Held various leadership positions in India
and abroad, including Regional Head of APL in South & Western India, Sales Director with APL in
Indonesia and Managing Director for APL Egypt
• Joined our Company in 2010.
• Worked with Gujarat Maritime Board (GMB) for approximately 8 years. Prior to joining our
Company, worked with J. M. Baxi & Co as bulk business head at Mumbai, heading all India bulk
operations. Certified master mariner, has sailed and commanded bulk carriers for approximately
20 years
• Joined our Company in 2012.
• Over 20 years experience in HR and IR. Prior to joining our Company, he was the head of HR for
Aditya Birla Group’s Fiber division and JSW Steel. Worked in Tata Steel for 15 years in various
capacities.
21

Board Of Directors
Director Designation Brief Biography
Mr. Tejpreet S.
Chopra
Independent Director
(Chairman)
Founder, President & CEO of Bharat Light & Power. 18 years of global management
experience. Former President & CEO of General Electric India.
Mr. Pravin Laheri
IAS (Retd.)
Independent Director
Ex - Executive Director at NIFT, Principal Secretary to five Chief Ministers of
Gujarat State, Retd. as Chief Secretary, Govt. of Gujarat in 2005
Mr. Pradeep
Mallick
Independent Director
MD of Wartsila India. Former Chairman of Confederation of Indian Industry and
Bombay Chamber of Commerce. Strategic advisor and Executive Coach.
Ms. Hina Shah
Mr. Dinesh Lal
Mr. Henrik L.
Pedersen
Mr. Jan Damgaard
Sorensen
Mr. Prakash
Tulsiani
Independent Director
Nominee, APMT
(Non executive
Director)
Nominee, APMT
(Non executive
Director)
Nominee, APMT
(Non executive
Director)
Managing Director
Established International & Centre for Entrepreneurship & Career Development
(ICECD) for women from low income groups. Worked as Advisor/training faculty for
World Bank & various UN affiliations.
Previously Trustee of JNPT & MBPT. Experience in liner shipping, project cargo
transport, ship manning etc.
CEO of APMT APAC Region. Previously VP-Business Development for APMT Latin
American region & also CFO for Damco China.
CFO of APMT APAC Region. Previously CFO-Suez Canal Container Terminal in Egypt.
Managing Director of the Company. Previously COO of Gateway Terminal in JNPT,
various positions with APMM Group in Indonesia & India
22

Agenda
Port Overview
Port Expansion
Advantage Pipavav
Operational & Financial Overview
Environment & CSR
Management Team & Board
Pictures: Recent Infrastructure Enhancements
23

Double Stack High Cube – Operation Commenced

Liquid Tank Farms
Aegis Logistics
Gulf Petrochem
Indian Molasses Company (IMC)
25

Port/Terminal Operator of the year– Health, Safety
and Environment
Maritime & Logistics Awards (MALA) - 2013
26

27
Thank You