Slides
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Annual Meeting 29 October 2026
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Julia Hoare Chair
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Board of Directors Julia Hoare Chair Independent Director Alison Andrew Independent Director Dean Bracewell Independent Director Sir Robert McLeod KNZM Independent Director Brodie Stevens Independent Director Fraser Whineray Director Ken Shirley Director
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Senior management team Leonard Sampson Chief Executive Simon Kebbell Chief Financial Officer Blair Hamill GM Commercial Rochelle Lockley GM Communications Pat Kirk GM Health and Safety Dan Kneebone GM Property and Infrastructure
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For the year ended 30 June 2026 Record underlying profit $155.3m Underlying Group Net Profit After Tax, up 23% $102.3m FY24 $126.0m FY25 $155.3m FY26
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For the year ended 30 June 2026 Revenue and operating costs $486.5m Revenue, up 4.7% $221.7m Operating costs, down 6.2%
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For the year ended 30 June 2026 Subsidiary and joint ventur e companies $15.5m Contribution to Gr oup profit, up 42.1%
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For the year ended 30 June 2026 Trade volumes 24.6m Tonnes of total trade, down 3% 1.2m Containers (TEUs), steady on last year
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Total ordinary dividend, cents per share Dividends 20.5c Up 22.8%, about $139 million to shareholders Final dividend 12.5 cents per share 14.7 FY24 16.7 FY25 20.5 FY26
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Within our current footprint Stella Passage development 385m Longer container berth at Sulphur Point, in two stages 315m Longer Mount Maunganui wharves
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Stella Passage The consenting journey 2019 Formal consultation began Dec 2024 Environment Court approved stage one. The decision was appealed 2025 First fast-track application challenged in the High Court Jan 2026 Fr esh application made Jul 2026 Cultural effects hearing at Whar eroa Marae 7 Sep 2026 Fast-track panel approved the development, with conditions
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For our customers and the economy Why Stella Passage matters More competition and productivity Terminal currently at capacity Lower supply chain costs More efficient for importers, exporters and consumers Lower emissions Electric cranes and larger, more efficient ships
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Capacity, efficiency and lower emissions Investing while we wait Capital dredging Stage two, done by mid- 2027 Automated cranes Planning for two blocks of nine, fully electric Straddle carriers Six hybrid and New Zealand's first electric Hybrid tug New Zealand's first, due mid-2027
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Resource consent granted Northport expansion 12ha Reclamation 250m Wharf extension Timing depends on freight demand and the proposed rail link to Marsden Point Curr ent Future – now consented
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Governance Board changes Doug Leeder Retired, with our thanks Ken Shirley Joined the Board, standing for election today Scott Campbell Future Director, finished 31 March Fraser Whineray Standing for re-election today
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Leonard Sampson Chief Executive
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Productivity Crane rate +9.9% Average container moves per crane, per hour 30.1 FY24 28.0 FY25 30.8 FY26
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Productivity Ship rate FY25 67.2 FY26 76.4 Container moves per hour, for each ship (+13.7%)
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Productivity On-time vessel arrivals FY25 62% FY26 71% Container ships arriving on schedule (+9%). With no spare berth, delays are still hard to recover from
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Safety Encouraging indicators −55% Days lost for each lost-time injury −49% Injury severity rate
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Million tonnes Total trade 15.9m Tonnes exported, down 3.3% 8.7m Tonnes imported, down 2.3% 23.6 FY24 25.3 FY25 24.6 FY26
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Cargo trends Logs down 8.1% 5.8m Tonnes of log exports
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Cargo trends Kiwifruit and dairy +8.5% Kiwifruit, a record volume +3.9% Dairy Another record year for refrigerated export containers
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Million TEUs (twenty-foot equivalent units) Container volumes +0.4% Just over 1.2 million TEUs, held back by berth capacity 1.15 FY24 1.21 FY25 1.21 FY26
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Cruise season began 13 October 79 cruise ship visits
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Opened in April, Mount Maunganui wharves Stormwater treatment 1m litres Of heavy-rain "first flush" held for treatment before release. A $1.5 million system. We already meet all our stormwater consent conditions.
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A New Zealand first Electric straddle carrier trial $3.5m Year-long trial, with $447,000 from EECA Plus six more hybrid straddles added – a quarter of the fleet is now hybrid.
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A Ne w Zealand first, due mid-2027 Hybrid tug 80t Bollard pull, up from 50 tonnes 32m Rotortug Mor e capability for the larger ships we expect in future. Under construction in Türkiye.
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Shipping channel depth Capital dr edging Inside the harbour 14.5m 16m Outside the harbour 15.8m 17.4m Befor e After The largest ships already calling can then come and go at any tide.
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Scope 1 and 2 Greenhouse gas emissions −12% Total emissions −9% Emissions for each tonne of cargo
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Three months to 30 September 2026 First quarter trading Total trade 6.25m Tonnes, down 4.8% on last year Containers 311,000 TEUs, down 2.6% on last year
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Year ending 30 June 2027 Earnings guidance $160m–$175m Expected underlying Group net profit after tax Based on first quarter volumes, and subject to any significant change in trading conditions or events beyond our control.
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Thank you To our people, customers, partners, communities and shareholders
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Integrated Annual Report 2026 To receive and consider the Integrated Annual Report for the year ended 30 June 2026, including the audit report and financial statements.
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Annual Meeting 29 October 2026
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Ordinary resolution Resolution 1 Election of Ken Shirley That Mr Ken Shirley be elected as a Director of the company.
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Ordinary resolution Resolution 2 Re-election of Fraser Whineray That Mr Fraser Whineray, having retired from office and being eligible for re-election, be re-elected as a Director of the company.
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Ordinary resolution Resolution 3 Auditor That the Auditor-General be reappointed as Auditor of the company pursuant to section 19 of the Port Companies Act 1988 and that the Directors are authorised to fix the Auditor's remuneration for the ensuing year.
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Annual Meeting 29 October 2026