Port of Tauranga (POT) investor relations material

Strategic positioning and market outlook

• Positioned as New Zealand's main export gateway, with strong support for Upper North Island population and import growth.

• Population in the Upper North Island projected to rise by up to 1.5 million by 2053, driving significant import container growth.

• Constraints in Auckland's port capacity and high land costs are shifting logistics and warehousing growth to Waikato and Bay of Plenty.

• Strategic partnerships and investments in MetroPort, Ruakura Inland Port, and Northport Group enhance connectivity and capacity.

• Hub-and-spoke model with larger vessels and increased coastal shipping is central to future growth.

Infrastructure development and capital investment

• Stage two capital dredging and Stella Passage extension will enable accommodation of next-generation Post Panamax vessels from Q1 2027.

• Major berth extensions and automation projects underway, including a 385m extension at Sulphur Point and 315m at Mount Wharves.

• Terminal automation with electric Automated Stacking Cranes aims for a 75% emissions reduction and phased deployment tied to berth expansion.

• Five-year capex plan totals $605 million, covering dredging, berth extensions, automation, new cranes, and sustainability initiatives.

• Non-strategic land holdings valued at ~$152 million to be recycled to fund development.

Operational performance and financials

• Maintains low leverage (net debt/net debt + equity at 17.1% in FY25), providing headroom for expansion.

• ROIC target of 7% on operational assets by FY27, with FY25 at 5.3% and on track for target.

• High operational productivity, with Tauranga ranked #1 in Australasia & Oceania on the 2024 Global Container Port Performance Index.

• Continuous improvement in port performance, with 667 vessels serviced and 1.3 million TEU handled in the period to May 2026.