Five Year Summary

Financial

Year
2020
$000
Year
2019
$000
Year
2018
$000
Year
2017
$000
Year
2016
$000
Operating Income 301,985 313,263 283,726 255,882 245,521
EBITDa* 166,546 181,270 169,236 152,385 143,180
Surplus after taxation – reported 90,027 100,577 94,273 83,441 77,314
Dividends paid related to earnings 124,486 122,440 115,017 108,893 72,142
Total equity 1,163,580 1,165,885 1,121,980 931,943 885,684
Net interest bearing debt 479,435 442,097 399,164 374,816 308,420
Total assets 1,817,186 1,748,861 1,657,031 1,422,600 1,322,367
Interest cover (times) 7.4 8.4 8.0 7.5 7.0
Gearing ratio (%)** 29.2 27.5 26.2 28.7 25.8
Return on average equity (%) 7.7 8.9 9.2 9.3 8.7
Share price ($)*** 7.70 6.34 5.10 4.45 19.50
Market capitalisation ($) 5,237,414 4,312,098 3,470,964 3,028,586 2,654,267
Net asset backing per share ($)*** 1.70 1.71 1.64 1.36 6.51

*EBITDa is a non GAAP financial measure but is commonly used as a measure of performance as it shows the level of earnings before the impact of gearing levels and non cash charges such as depreciation and amortisation.  Market analysts use the measure as an input into company valuation and other valuation metrics.

  Year
2020
$000
Year
2019
$000
Year
2018
$000
Year
2017
$000
Year
2016
$000
Profit before taxation 118,445 135,009 126,386 111,347 103,088
           
Net finance costs 18,530 18,177 18,027 16,771 16,340
Depreciation and amortisation 29,746 27,585 25,269 24,460 23,722
Asset impairment 0 499 0 0 0
Reversal of previous revaluation deficit (175) 0 (446) (193) 30
Total 48,101 46,261 42,850 41,038 40,092
EBITDA 166,546 181,270 169,236 152,385 143,180

**Net interest bearing debt to net interest bearing debt + equity
***On 17 October 2016, the Parent Company completed a 5:1 share split.

The Board approved a final dividend of 6.4 cents per share ($43.532 million) after year end payable on 2 October 2020.

 

OPERATIONAL

Year
2020
Year
2019
Year
2018
Year
2017
Year
2016
Cargo throughput (000 tonnes) 24,808 26,946 24,458 22,194 20,120
Containers (TEUs)* 1,251,741 1,233,177 1,182,147 1,085,987 954,006
Net crane rate (container moves  per hour)** 35.8 32.9 35.5 36.2 35.6
Ship departures 1,515 1,678 1,747 1,651 1,482
Berth occupancy (%) 45 50 48 47 46
Total cargo ship days in port 2,441 2,769 2,643 2,589 2,504
Turn-around time per cargo ship (days) 1.61 1.65 1.5 1.4 1.6
Cargo tonnes per ship 16,291 16,058 14,000 13,442 13,549
Average cargo ship gross tonnage (GT) 33,408 33,920 30,218 29,654 26,665
Average cargo ship length overall (metres) 207 207 200 199 190
Number of employees – Port of Tauranga Limited 238 230 208 206 194
Lost time injuries (LTI) – frequency*** 2.5 2.5 2.8 2.8 5.6
Total injury (frequency rate) 2.5 2.5 5.5 5.6 5.6

*TEU = Twenty Foot Equivalent Units
**As measured by the Australian Productivity Commission
***Number of lost time claims per million hours worked

Operational data relates to the Parent Company as opposed to the Group.