Five Year Summary

Financial

Year
2018
$000
Year
2017
$000
Year
2016
$000
Year
2015
$000
Year
2014
$000
Operating Income 283,726 255,882 245,521 268,460 266,538
EBITDa 169,236 152,385 143,180 143,161 141,642
Surplus after taxation – reported 94,273 83,441 77,314 79,148 78,252
Surplus after taxation – underlying 94,273 83,441 77,314 79,007 78,252
Dividends paid related to earnings 115,017 108,893 72,142 69,419 63,035
Total equity 1,121,980 931,943 885,684 887,550 812,419
Net interest bearing debt 399,164 374,816 308,420 287,379 254,471
Total assets 1,657,031 1,422,600 1,322,367 1,297,018 1,154,883
Interest cover (times) 8.0 7.5 7.0 7.2 7.8
Gearing ratio (%)* 26.2 28.7 25.8 24.5 23.9
Return on average equity (%) 9.2 9.3 8.7 9.3 9.7
Share price ($)** 5.10 4.45 19.50 17.30 15.45
Market capitalisation ($) 3,470,964 3,028,586 2,654,267 2,354,811 2,072,096
Net asset backing per share ($)** 1.64 1.36 6.51 6.52 6.06
Underlying earnings per share (cents per share)*** 14.0 12.4 11.4 11.6 11.7

*Net interest bearing debt to net interest bearing debt + equity.

 

The Board approved a final dividend of 7.0 cents per share ($47.6 million) and a special dividend of 5.0 cents per share ($34.0 million) after year end payable on 5 October 2018.

 

OPERATIONAL

Year
2018
Year
2017
Year
2016
Year
2015
Year
2014
Cargo throughput (000 tonnes) 24,458 22,194 20,120 20,179 19,737
Containers (TEUs)* 1,182,147 1,085,987 954,006 851,106 759,587
Net crane rate (container moves  per hour) ** 35.5 36.2 35.6 35.5 36.9
Ship departures 1,747 1,651 1,482 1,555 1,612
Berth occupancy (%) 48 47 46 46 43
Total cargo ship days in port 2,643 2,589 2,504 2,528 2,364
Turn-around time per cargo ship (days) 1.5 1.4 1.6 1.6 1.5
Cargo tonnes per ship 14,000 13,442 13,549 12,510 12,921
Average cargo ship gross tonnage (GT) 30,218 29,654 26,665 25,018 24,924
Average cargo ship length overall (metres) 200 199 190 185 187
Number of employees – Port of Tauranga Limited 208 206 194 193 191
Lost time injuries (LTI) – frequency *** 2.8 2.8 5.6 2.9 3.1
Total injury (frequency rate) 5.5 5.6 5.6 14.7 3.1

*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.