Port City - Ports of Auckland

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Port City - Ports of Auckland

2010-2011

Ports of Auckland

Review Summary

City

Port

Moving forward together.


2011 Annual Review Summary

Working for Auckland, Kia Kaha, Kia Maia

2010-2011

Ports of Auckland

Annual Review

DVD

Info

Welcome to Ports of Auckland

Facts and figures 2010-2011

Port

NZ Market share by Volume

36%

of NZ Container trade by volume

Everything you need to

know about us. Right here.

Please note: this MiniDisc will only play in computers with a CD tray,

please do not insert into a slot-loading drive.

NZ Market share by Value

31%

trade by value across all ports,

including airports

Upper North Island share

60%

of upper North Island Container

trade by volume

New Zealand’s largest export port

$10.4b

exports handled


2011 Annual Review Summary

Working for Auckland, Kia Kaha, Kia Maia

Business Port

Joint Chairman and CEO’s Statement

The 2010/11 year was a pleasing one for Ports of Auckland, with

improving economic conditions resulting in a 2.1% increase in

normalised profit to $24.9m (after tax).

5.3 %

increase

to Port

Operations

EBIT

Port operations EBIT was up 5.3%

on increased revenue, up 7.0%.

Breakbulk (non-containerised) cargo

volumes were up 24.0% to 3.5m tonnes.

Volumes recovered across all breakbulk

categories with an 11.4% increase in

motor vehicle volumes and a 36.0%

increase in other commodities.

Container volumes were up 27,015

TEU (twenty-foot equivalent unit) or 3.1%

to a new record high of 894,383 TEU.

Debt levels reduced by $19.1m to $240.3m

as at 30 June 2011 compared with $259.4m

for 30 June 2010. Net finance costs were

down on the previous year by $0.5m.

An $8.0m project to deepen and extend

the northern berth at the Fergusson

Container Terminal is on schedule for

completion by the end of 2011.

The project will allow for two ships

between 3,500 and 5,500 TEU capacity

to be worked simultaneously at the

terminal, providing greater berth flexibility

and capacity.

Looking forward, we expect 2011/12 to

be challenging. Volumes of imported

vehicles are expected to drop as a result

of the Japanese tsunami and new

emissions rule. In addition, following recent

shipping line changes, we expect overall

container volumes for the new financial

year to be down on 2010/11’s record high.

However, through a focus on revenue

improvement and cost control, we believe

the Company is well placed to maintain

revenue levels.


2011 Annual Review Summary

Working for Auckland, Kia Kaha, Kia Maia

Over the next few months our focus will be

firmly on further enhancing productivity,

lifting returns, and achieving improved

labour flexibility and utilisation. With these

goals in mind, the Company is currently

engaged in a review of its end-to-end

processes. This analysis is intended to

identify process improvements as well as

to highlight underutilised and untapped

revenue streams.

Longer term, we will continue to focus

on achieving earnings growth in order to

provide a platform for further investment

and expansion.

In an important step forward, a new

company vision – Working for Auckland:

Kia Kaha, Kia Maia – has been developed,

and is proving a strong motivator for staff.

We look forward to serving our customers,

city and region in 2011/12 and beyond.

Richard Pearson | Chairman

Tony Gibson | Chief Executive Officer

Financial highlights

$175.4m

Port operations revenue

$400.9m

shareholder’s equity

$17.6m

ordinary dividends paid for the year

$14.4m

capital expenditure

2.1%

increase in normalised profits


2011 Annual Review Summary

Working for Auckland, Kia Kaha, Kia Maia

Operational Report

3.5m

tonnes of

breakbulk

cargo

Operational highlights

5.9%

growth in full import TEUs

5.3%

growth in full export TEUs

26.31

moves per hour – Crane rate

15%

containers moved by rail

11.4%

increase in motor vehicle volumes

79

cruise ship calls

Trade breakdown

2010-2011

54% IMPORTS

46% EXPORTS


2011 Annual Review Summary

Working for Auckland, Kia Kaha, Kia Maia

Container throughput

(TEU*)

773,160 840,993 843,590 867,368 894,383

Crane rate

( † Australian Waterline Standards)

23.47 24.86 26.48 25.52 26.31

2007 2008 2009 2010 2011

2007 2008 2009 2010 2011

Truck turnaround **

(% trucks turned around in time)

> 60 minutes

30–60 minutes

< 30 minutes

Staff hours per container

(Index year 2000 = 200)

6 5 4 5 4

19 17 16 24 18

197 188 174 158 165

75 78 80

74

78

2007 2008 2009 2010 2011

* TEU refers to twenty-foot equivalent containers.

** To provide information that is more easily comparable with targets set in conjunction with trucking companies,

we changed the truck turnaround time graph in 2009/10 to depict the number of trucks turned around within

30, 30-60 and over 60 minutes. The target is to turn 80% of trucks within 30 mins.

2007 2008 2009 2010 2011

† Previous measurements have been indexed values. This year we have moved to the Australian Waterline Standards

of measurement and have restated the previous years’ to match this standard.

850

750

650

30.0

22.5

15.0


2011 Annual Review Summary

Working for Auckland, Kia Kaha, Kia Maia

Top five import commodities

2010-2011

Top five import trading partners

2010-2011

$3,428,852,710 $3,407,536,239 $1,295,933,653 $1,238,038,543 $988,679,657

$359,541,916 $222,682,356 $141,365,798 $139,163,061 $86,830,860

MACHINERY

VEHICLES,

(ROAD, RAIL, SEA

& AIR) & PARTS

PLASTICS

& RUBBER

PRODUCTS

METALS

& METAL

ARTICLES

TEXTILES,

APPAREL &

FABRICS

CHINA,

PEOPLE’S

REPUBLIC OF

AUSTRALIA

UNITED

STATES

OF AMERICA

JAPAN

GERMANY

Top five export commodities

2010-2011

Top five export trading partners

2010-2011

$3,871,284,204 $1,479,033,735 $843,372,411 $561,864,647 $530,831,144

$197,920,552 $58,338,382 $47,851,873 $30,932,540 $23,595,115

DAIRY

MEAT &

SEAFOOD

PRODUCTS

MACHINERY

METAL

& METAL

PRODUCTS

BEVERAGES,

SPIRITS &

VINEGAR

AUSTRALIA

CHINA,

PEOPLE’S

REPUBLIC OF

UNITED

STATES

OF AMERICA

INDONESIA

UNITED

KINGDOM

40

30

20

40

30

20


2011 Annual Review Summary

Working for Auckland, Kia Kaha, Kia Maia

People Port

Environmental Port

Our Vision: Working for Auckland, Kia Kaha, Kia Maia

(give of your best, be confident in your ability)

34.4%

decrease in medical recordable injuries

Staff gender balance

89% MALE

11% FEMALE

2.

Lost-time injuries (LTIs)

Lost-time injuries (LTIs)

17 27 20 7 11

2007 2008 2009 2010 2011

2007 2008 2009 2010 2011

Highlights

0.5ha

Total pavement recycled for reuse

at the port

185,723

Containers trucked off-peak (TEU)

98,385

Total containers moved by rail (TEU)

22.2%

decrease in noise and other

complaints

9%

increase in containers moved by rail

30.0


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