Napier Port (NPH) Investor presentation summary

Operational and financial highlights

• Trade volumes increased across all categories, with total cargo up 8.1% and containerised cargo up 3.4%.

• Revenue reached a record $141.4m, up 15.9% year-on-year, driven by growth in container, bulk, and cruise segments.

• Underlying net profit after tax nearly doubled to $20.7m, supported by strong operating leverage and insurance proceeds.

• Cruise activity surged, with vessel calls up 39.1% and cruise revenue rising 70.4% to $9.1m.

• Bulk cargo, especially log exports, saw significant growth, with volumes up 13.5% and revenue up 17.7%.

Strategic initiatives and infrastructure

• Infrastructure investments enhanced operational flexibility, including new wharf capacity and expanded storage.

• Supply chain collaboration and service model reshaping aim to extend market reach and improve customer responsiveness.

• Capital expenditure totaled $15.3m, focused on plant renewal, asset management, and paving projects.

• FY2025 capex is projected at $22m–$27m, with significant investment in eco-friendly equipment.

• Debt to EBITDA improved to 1.80x, with 78% of debt at fixed rates and a strong funding position.

Sustainability and emissions

• 79% of sustainability initiatives from the 100-point action plan are ongoing or embedded in operations.

• Environmental Management System achieved Toitū bronze certification.

• Emissions intensity per cargo tonne decreased by 7.2%, despite a slight increase in total emissions.

• Scope 1 emissions rose due to higher generator use, while Scope 2 and 3 emissions declined.

• Ongoing focus on sustainability across people, plant, prosperity, and partnership pillars.