Year Book 2021

30 YEARS OF
INVESTING
– The Bay’s hidden treasure
FOR THE LAST 30 YEARS,
Quayside has been
pioneering investment
in the Bay of Plenty.
Our team of specialists
work together to create
intergenerational return
and economic, environmental and social
growth.
regional ratepayers that goes beyond all
expectations.
In 2021, our dividend back to the
Regional Council was $33 million – this
is proposed to grow to $40 million
in 2022. The graph below shows the
2021 cumulative dividend, helping the
community to the tune of $347.1 million.
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In 1991 the Bay of Plenty Regional
Council took a bold step. They
established Quayside Holdings as their
investment arm, with a majority share in
the Port of Tauranga (PoT). However,
Quayside is far more than that today.
Our unique position, structure and
innovative team of experts has allowed
us to become one of New Zealand’s
most successful investment companies,
right here, in your backyard.
In our 30 years of operation, we have
used our commercial focus for the good
of the region and created wealth for
Millions - NZD
$400
$350
$300
$250
$200
$150
$100
$50
CUMULATIVE DIVIDEND TO BOPRC
Quayside has created a staggering
$600 million worth of value for regional
ratepayers with the inclusion of a $200
million Regional Infrastructure Fund
through the issuance of Perpetual
Preference Shares (PPS) and the initial
payment to Regional Council to acquire
the Port stake.
As a publicly owned entity, we take our
responsibility to the region seriously. We
consider investment opportunities from
all angles – including environmental,
social and governance (ESG) and how it
contributes to a brighter future for the
Bay.
$347.1 m
$-
1995 2000 2005 2010 2015 2020
Here are some of Quayside’s
investments:
• Port of Tauranga growth and
prosperity. Our share value has
grown from $53 million in 1991 to $2.6
billion in 2021. The Port of Tauranga is
the region’s largest economic driver
and the largest container and bulk
export port in the country.
• Diversified investment outside of
the Port worth $400 million, across
private equities, managed securities,
local and regional commercial
development, joint ventures and
innovative investments consistent
with our ESG commitments and
focused on intergenerational
growth. Our diversified portfolio
means Quayside can still provide the
Regional Council with distributions
if the Port should experience a less
than successful year.
42 | YEARBOOK 2021