Slides
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Marsden Maritime HoldingsAnnual Meeting 10 December 2024
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Welcome 2
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Meeting Agenda Financial Overview, Strategy & NorthportFinancial Detail, Ecosystems, People & ESGMeeting ResolutionsGeneral Business3 01020304
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Financial Highlights, Strategy & NorthportMurray JaggerChairman 4
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Financial Highlights$12.0mrevenue from Business Park and Marina Operations, up 6% from $11.3m last year $3.3mMarina revenue (including Boatyard), up 14.8% from $2.8m last year 7%increase in lease revenue to $5.2m, up from $4.8m in the previous year 3%growth in underlying earnings at Northport before the one-off tax adjustment $7.5mnet profit after tax before valuations, down 9.1% from the same period last year $7.9mearnings from joint venture interest in Northport Ltd, down 2.3% from $8.1m last year 11.75cper share total dividend distribution for the year. A fully imputed final dividend of 5.75 cents per share paid on 30 September 2024 5
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6 Regional Enablers For Growth Channel Infrastructure Energy PrecinctNorthport rail spur – construction of a new rail link to NorthportFour-lane highway from Auckland to Whangārei Waka Kotahimajor SH1 safety improvements Upgrades to rail line between Kauri and Otiria enabling it to carry 18 tonnes axle load trains and construction of a road rail interchange at Otiria
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Strategic Roadmap 7 Completed Redefining visionandcore values Inprogress Capitalfunding structure Completed Designing ecosystems Completed Defining purpose Completed Landuseand development strategy Inprogress Planning delivery of Masterplan
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8 NorthportNorthport plays an integral role in the Upper North Island Supply Chain and is continuing to position itself to handle more freight and offer more diverse services.Welcomed its first season of cruise vessels.Adapted towards different cargo options and more regular container vessels.Appealed decision on the resource consent application.Continued to be represented in MACA hearings.
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9 OutlookThe next five years will be a key period of growth as we look to take forward the key projects identified in the comprehensive business case for the Business Park.
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Financial Detail, Ecosystems, People & ESGRosie MercerCEO 10
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11 Financial Detail FY 2020FY 2021FY 2022FY 2023FY 2024 Financial Performance121086420 $m Share of profit from joint venture in NorthportNon-Port EBIT Underlying earnings
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12 Financial DetailRevenue by Operating Segment FY 2020FY 2021FY 2022FY 2023FY 2024Industrial Property HoldingsOperating Income (including port income)Marina and Commercial OperationsPort 20181614121086420 $m
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13 Financial Detail 0%5%10%15%20%25%30% FY 2020FY 2021FY 2022FY 2023FY 2024Finance costs % of NPAT excl reval Key expenses as % NPAT excl reval. Insurance and Rates costs % of NPAT excl reval
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14 Financial DetailNPAT and impact of revaluations Revaluation of investment propertyFY 2020FY 2021FY 2022FY 2023FY 2024Net Profit after Tax excluding revaluation of investment property and fair value movementsNet Profit after Tax 1614121086420(2)(4)$m
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15 He Ara Huringa Business ParkCompleted major renovations for the marina frontage commercial building. Achieved full commercial occupancy in the marina frontage commercial building.Completed work to substantiate our Masterplan including a roadmap and business plan for developing the Business Park.Completed masterplanning for Block B and detailed design for Kitewhara Stage II project.Secured Colliers as a specialist commercial property advisor.
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16 Marina & Boatyard OperationsProviding a high-quality service to our customers and community remains a top priority at the marina and boatyard. We are continuing to invest for the future and are replenishing our core assets to ensure facilities remain competitive and sustainable.
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17 PortThe port has further diversified towards different cargo options to balance the decline in the log export market this year. The introduction of cruise vessels was a notable addition to the port offering this year.
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18 Leadership TeamHaving the right team in place to execute our strategy continues to be a focus, and we’ve continued to invest in upskilling our workforce. Vidura GalpoththageChief Financial OfficerKarri WilliamsHead of Operations and PropertyMarc ForresterHead of Development
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Continued to deepen our relationship with the Te Taiao Environmental unit of Patuharakeke as we jointly deliver the cultural landscape strategy and stormwater quality testing.Supported local community events including the Marsden Cove Marina Markets and the Fishing Club’s Fishy Fridays. Completed our first Climate-Related Disclosure, including establishing a suite of metrics and targets which will guide us towards achieving some of our long-term goals. ESG 19
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20 Farewell & Thank You
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MeetingResolutions 21
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Resolution 1Election of Anthony Gibson as Director As an Ordinary Resolution: That Anthony Gibson be elected as a Director of the Company.22
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Resolution 2Election of Christine Pears as Director As an Ordinary Resolution: That Christine Pears be elected as a Director of the Company.23
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Resolution 3Election of Gwyneth MacLeod as Director As an Ordinary Resolution: That Gwyneth MacLeod be elected as a Director of the Company.24
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General Business: Q&A 25
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26 Thank You
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Phone:094325033Email:info@marsdenmaritime.co.nz8MarsdenBayDrive MarsdenPoint Ruakaka0171 NewZealand 27