Company profile. 3rd Quarter 2015

Transcription

1 Company profile 3rd Quarter 2015

2 An industry leader APM Terminals operates a Global Terminal Network of 20,600 professionals serving 73 active port and terminal facilities and 153 inland services operations in 60 countries around the globe. The acquisition of the 11 terminal portfolio of Barcelona-based Grup Maritim TCB has significantly strengthened the APM Terminals Global Terminal Network in Europe and Latin America, increasing overall annual container throughput capacity by 4.3 million TEUs. The company provides port management and operations to over 60 shipping companies which serve the world s leading importersand exporters of containerized, bulk, liquid bulk, general cargo and other commodities. With world headquarters in The Hague, The Netherlands, the company helps to meet the constantly changing needs of the international trade community through high productivity operations and port capacity in economically, environmentally and socially responsible ways. Leveraging a heritage of over a century of maritime industry experience and the strength of the Maersk Group, APM Terminals generated over USD $4.45 billion in revenue in APM Terminals goal is to become the global leader in all aspects of port development, management, and operations. In addition to receiving such awards as the New York Shipper s Association Greatest Reduction in Lost-Time Accident Frequency Award, the Green Economy Forum Global Green Award in 2014, the Lloyd s List 2015 North American Maritime Port Operator of the Year Award, and most recently, the Containerisation International 2015 Innovation of the Year Award for APM Terminals Rotterdam Maasvlakte II, the APM Terminals Global Terminal Network has once again been recognized as the industry s standardsetter in terminal productivity. High productivity ports: Making supply chains more efficient Customers can achieve improved supply chain efficiency, lower operating costs and global synergies through use of APM Terminals integrated and expanding Global Terminal Network. A total of 12 port facilities within the APM Terminals Global Terminal Network scored positions within the JOC Group s 2014 annual global port and terminal productivity rankings, including APM Terminals Yokohama, which again led all container facilities with 186 crane moves per hour (MPH) with a vessel alongside. Nine facilities either operated by APM Terminals, or in which APM Terminals holds a significant financial interest, were included among the world s 25 most productive terminals, with three more members of the APM Terminals portfolio listed as among regional top performers. Six terminals, in which APM Terminals is an investor or joint venture partner, among the Top 25 global leaders, are located at Chinese ports: Qingdao Qianwan Container Terminal, and Tianjin Port Alliance International Container Terminal tied for third place with 136 MPH; Xiamen Songyu Container Terminal, tied for sixth place with 124 MPH; Tianjin Port Euroasia International Container Terminal, is in seventh place with 121 MPH; Guangzhou South China Oceangate Container Terminal, ranked 10th with 117 MPH; and Dalian Port Container Terminal, ranked 12th, with 108 MPH. South Asia Gateway Terminal, in Colombo, Sri Lanka, is tied for 11th place with 111 MPH. APM Terminals Rotterdam tied for first place among European terminal operations with 101 MPH, a performance which also merited a three-way tie for 16th place among the global terminal productivity leaders. APM Terminals Los Angeles was the highest ranking port for productivity in North America, with 92 MPH. Within the JOC Group s Europe, Middle East and Africa grouping, The Port of Salalah, Oman; and NTB North Sea Terminal Bremerhaven, in both of which APM Terminals is a shareholder, tied for fifth place with 96 MPH. In productivity while working vessels of over 8,000 TEU capacity, Qingdao Qianwan Container Terminal (QQCT) tied for first place globally, with 157 MPH. The growth of global trade is driving growth in global container port throughput, which is projected to surpass one billion TEUs within seven years. Increased terminal productivity will be a major factor in accommodating both that growth, and the larger vessels now entering the global container fleet, including those with capacities exceeding 20,000 TEUs. APM Terminals by the Numbers Countries: 60 Employees: 20,600 Port and Terminal Interests: 81 New port projects in development: 8 Existing port and terminal upgrades and expansions: 15 Inland Services operations: 153 Annual Revenue in 2014: $4.45 billion Containers handled in 2014: 38.3 million TEUs (weighted by equity share) Size of global container market in 2014: 679 million TEUs 2

3 APM Terminals remains the only global terminal operating company with such a notable and widespread presence in the JOC Group s annual terminal productivity rankings. All JOC study rankings were calculated from a database with a minimum of 100 vessel call records generated in The future Total global GDP has been projected to surpass $81.5 trillion USD in 2015, and exceed $101 trillion by Emerging and developing economies now account for more than half (50.4%) of global economic output, and nearly two fifths (38.9%) of all exports of goods and services. As this share of world trade will continue to grow to reflect relative size of GDP, port and terminal infrastructure and investment will become increasingly important, particularly in these economically emerging regions currently constrained by inadequate access to modern port and logistics infrastructure. To responsibly accommodate anticipated trade volumes in such areas as Southeast Asia, Latin America, sub-saharan Africa, the Middle East and the Indian sub-continent, development must proceed in concert with environmental concerns as well as sensitivity to local, regional and national circumstances and needs. APM Terminals is continuing to invest selectively in new projects and in existing terminal expansion, particularly in high growth markets. We remain committed to the highest standards of customer service, corporate governance, sustainable environmental business practices and to hiring the most dedicated and highly trained personnel around the world in order to meet the demands of the container transportation industry with the world s only truly Global Terminal Network. 3

4 Our Global Terminal Network of ports Connecting people, making business flow North America 1 Port Elizabeth, New Jersey, USA 2 Charlotte, North Carolina, USA 3 Miami, Florida, USA 4 Mobile, Alabama, USA 5 Los Angeles, California, USA 6 Tacoma, Washington, USA Latin America 7 Lazaro Cardenas, Mexico 8 Yuca tan, Mexico 9 Quetzal, Guatemala 10 Moin, Costa Rica 11 Panama City, Panama 12 Cartagena, Colombia 13 Buenaventura, Colombia 14 Callao, Peru 15 Pecem, Brazil 16 Rio de Janeiro, Brazil Key colors Head Office Operational terminals Terminals with upgrade or expansion projects New terminal projects Office Russia-Baltics 40 Helsinki, Finland 41 Kotka, Finland 42 Tallinn, Estonia 43 St. Petersburg, Russia (4 Terminals: Petrolesport, First Container Terminal, Moby Dik Container Terminal and Ust-Luga Container Terminal) 44 Moscow, Russia 45 Vostochny, Russia Africa-Middle East 46 Poti, Georgia 47 Monrovia, Liberia 48 Abidjan, Ivory Coast (2 Terminals: Abidjan Terminal, and TC2 under construction) 49 Tema, Ghana (2 facilities: Meridian Port Services, and new deep-water hub under construction) Santos, Brazil Cotonou, Benin 18 Paranagua, Brazil Apapa, Nigeria 19 Itajai, Brazil 6 52 Onne, Nigeria 20 Buenos Aires, Argentina Douala, Cameroon Pointe Noire, Rep. of Congo Europe Luanda, Angola Zeebrugge, Belgium Namibe, Angola Rotterdam (2 Terminals: Aqaba, Jordan APM Terminals Rotterdam and Salalah, Oman 8 62 APM Terminals Rotterdam Maasvlakte II) Bahrain, Bahrain Rotterdam, Netherlands Dubai, UAE 24 Bremerhaven, Germany Wilhelmshaven, Germany Colombo, Sri Lanka 26 World Headquarters, The Hague, Netherlands Asia-Pacific 27 Gothenburg, Sweden Pipavav, India 28 Aarhus, Denmark Mumbai, India 29 Gijon, Spain Laem Chabang, Thailand 30 Algeciras, Spain (2 terminals: LCB1 and LCMT) Valencia, Spain Cai Mep, Vietnam 32 Castellon, Spain Tanjung Pelepas, Malaysia 33 Barcelona, Spain Singapore 34 Canary Islands, Spain (2 Terminals: CAPSA 68 Guangzhou, China Compañía Auxiliar del Puerto, Santa 69 Hong Kong Cruz de Tenerife and Santa Cruz de La Palma 70 Xiamen, China 35 Marseille-Fos, France 71 Ningbo, China 36 Vado, Italy (2 Terminals: Vado Reefer Terminal, 72 Shanghai, China and APM Terminals Vado, under construction) 73 Shanghai, China 37 APM Terminals Izmir Container Terminal, under 74 Qingdao, China (3 terminals:qqct, construction QQCTU and QQCTUA QQCTN undergoing expansion) 38 Tangier, Morocco 75 Dalian, China 39 Port Said (SCCT), Egypt 76 Tianjin, China (2 terminals: TECT and TACT) 77 Kobe, Japan 78 Yokohama, Japan 4

5 Our Global Terminal Network of Inland Services Connecting people, making business flow Latin America 1 Mexico 2 Costa Rica 3 Ecuador 4 Peru 5 Chile 6 Argentina 7 Uruguay 8 Brazil Europe 9 Germany 10 Netherlands 11 Belgium 12 UK 13 France 14 Spain 15 Romania 16 Turkey 17 Tunisia Russia-Baltics 18 Russia Africa-Middle East 19 Mauritania 20 Senegal 21 Mali 22 Ivory Coast 23 Ghana 24 Nigeria 25 Cameroon 26 Namibia 27 South Africa 28 Tanzania 29 Kenya 30 Uganda 31 Jordan 32 Saudi Arabia 33 United Arab Emirates Asia-Pacific 34 India 35 Thailand 36 Malaysia 37 Philippines 38 Taiwan 39 China 5

6 APM Terminals recent milestones include: September 2015 APM Terminals and Barcelona-based Grup Maritim TCB reach an agreement for APM Terminals acquisition of Grup TCB s 11-terminal portfolio of terminal and inland services operations in Spain, Turkey, Mexico, Guatemala, Colombia and Brazil. The transaction will add 4.3 million TEUs of annual throughput capacity, and annual equity-weighted volume of 3.5 million TEUs to the APM Terminals Global Terminal Network. August 2015 APM Terminals and Colombian-based port and terminal operating company, Compañia de Puertos Asociados S.A. (Compas S.A.) sign a joint venture agreement to jointly manage and operate Compas S.A. s existing multipurpose Cartagena Terminal. APM Terminals will hold a 51% majority share in the joint venture, and APM Terminals and Compas S.A. will jointly invest over USD $200 million to triple the facility s annual throughput capacity. APM Terminals and GF Group announce APM Terminals acquisition of Reefer Terminal S.p.A, at the Port of Vado, Italy, the largest refrigerated terminal in the Mediterranean. Operations will ultimately be integrated into the APM Terminals Vado scheduled to open in July 2015 APM Terminals Apapa established a new productivity record by handling 868 containers on the 4,500 TEU capacity Safmarine Chambal over 11 and a half hours, for a Gross Crane Productivity of 19 container moves per crane hour, and a Berth Productivity of MPH. APM Terminals Apapa became the first container terminal in Africa to surpass the 75 MPH operational benchmark. Brasil Terminal Portuário (BTP), in which APM Terminals holds a 50% share, surpassed one thousand vessel calls, and one million containers handled in one year and eight months since beginning operations. In the first half of 2015, BTP has handled 363,921 TEUs, a 167% increase over the number of containers handled during the first six months of The completion of the dredging of the navigation channel has now enabled larger vessels to call, contributing to the increase in container volume. Total container throughput in 2014 was 736,711 TEUs. June 2015 A signing ceremony between APM Terminals, in partnership with Bolloré Africa Logistics, and the Ghana Ports and Harbour Authority was hosted by the President of the Republic of Ghana, John Dramani Mahama, finalizing the agreement to invest $1.5 billion in a new deepwater 3.5 million TEU port and logistics hub in Tema. APM Terminals Rotterdam Maasvlakte II terminal was named the winner of the Innovation of the Year award at the 4th Annual Containerisation International Awards ceremony in London. The award was made in recognition of the industry-changing technological advances represented by the world s first fully-automated and emissions-free, sustainably-powered container terminal. A total of 12 port facilities within the APM Terminals Global Terminal Network scored positions within the JOC Group s 2014 annual global port and terminal productivity rankings, including APM Terminals Yokohama, which again led all container facilities with 186 crane moves per hour (MPH). Nine facilities either operated by APM Terminals, or in which APM Terminals holds a significant financial interest, were included among the world s 25 most productive terminals, with three more members of the APM Terminals portfolio listed as among regional top performers. May 2015 APM Terminals Itajaí set a new productivity record by completing 125 Berth Moves per Hour (BMPH) on April 26th while working the 8,600 TEU capacity Maersk Lamanai. The 125 BMPH was accomplished with two Ship-to-Shore (STS) cranes supplemented by two of APM Terminals Itajaí s three Mobile Harbor Cranes (MHCs). The terminal s previous record of BMPH had been established with the much smaller 2,700 TEU capacity CMA CGM Ilva in October April 2015 APM Terminals hosted the official opening of the new APM Terminals Maasvlakte II Rotterdam facility, the world s most technologically advanced and environmentally sustainable container terminal, with a celebration attended by The Netherlands Monarch King Willem-Alexander, and 500 senior representatives from the global shipping industry and national governments. The state-of-the-art deepwater facility is the world s first designed to use remotecontrolled STS cranes coordinated with fully automated yard operations, providing new annual throughput capacity of 2.7 million TEUs to Europe s largest container port. APM Terminals Mumbai established a new annual container throughput record for Indian ports by handling a total of 2.01 million TEUs during the Fiscal Year of , representing the period from April 1st, 2014 to March 31st, APM Terminals Mumbai was India s busiest container terminal in

7 APM Terminals recent milestones (continued) March 2015 APM Terminals Pier 400 Los Angeles won two awards at the 66th Annual Pacific Maritime Association (PMA) Area Accident Prevention Committee Safety Awards. The first was the PMA Coast Accident Prevention Awards ceremony in the category of Terminal Operations, Group A, for the best Safety Performance achieved in 2014 in all operations at US West Coast ports. This is the sixth year out of the last eight that APM Terminals Los Angeles facility has received this award. APM Terminals Pier 400 also won the Southern California Area Container Terminal Safety Award for Group A. APM Terminals Apapa named the Most Environmentally Conscious Port Operator at the Lagos Port Complex by the Nigerian Port Authority s Environment Department of the Health, Safety and Environment Division, in recognition of the company s achievements in the area of terminal safety culture and operating practices in Nigeria s primary port city. Establishing a new record for US port operations, three Ultra-Large Container Ships (ULCS) with nominal respective capacities of 13,000 TEUs each, called APM Terminals Pier 400 Los Angeles between February 22nd and March 7th, representing a combined total of nearly 35,000 container moves over the period, including loading 28 double stack container trains. This was the first time that three ULCSs were docked and worked simultaneously at any US Port. February 2015 The 16,650 TEU capacity MSC London became the largest vessel to call the French port of Fos, as part of the Mediterranean Shipping Company s weekly Dragon Service linking Asia with major Mediterranean Sea ports. APM Terminals was named Port Operator of the Year at the second annual Lloyd s List North American Maritime Awards, in Houston. January 2015 The Maersk McKinney Moller left APM Terminals Algeciras with a world record 18,168 TEUs loaded, the most ever carried aboard a single vessel. The new record exceeded the previous record of 17,603 TEUs carried by the Mary Maersk, also set by APM Terminals Algeciras, in December 2014 APM Terminals Maasvlakte II began landside operations, and received its first commercial vessel call to reposition empty containers, as procedure and live testing of cranes, and rail, truck and barge operations began final stages for the official 2015 commercial opening. A contract was also signed for the supply of environmentally sustainable windgenerated electricity to power container handling equipment, which will make the world s most automated terminal also the world s only completely emission-free facility. APM Terminals Port Elizabeth was recognized as the productivity leader among container terminals in North America at the JOC Port Performance Conference North America, in Newark. APM Terminals Port Elizabeth averaged 82 crane moves per hour with a vessel alongside during the first six months of APM Terminals Houston ranked third with 68 MPH. Vostochnaya Stevedoring Company, part of the Global Ports holdings and the APM Terminals Global Terminal Network, successfully completed a trial run of a sixday trans-siberian rail service between Vostochny and the Paveletskaya rail freight station in Moscow. November 2014 APM Terminals Rotterdam was cited by the JOC Group as the productivity leader among Europe s container facilities for the first half of 2014, with 102 crane moves per hour with a vessel alongside at the JOC Europe Port Performance. NTB North Sea Terminal Bremerhaven, also part of the APM Terminals Global Terminal Network and in which APM Terminals holds a 50% ownership share, received the award for second place, with 97 MPH. A Memorandum of Understanding was signed with the Government of Ghana for a private investment of USD $1 billion for the expansion of Tema Port. The Meridian Port Services Joint Venture will add four deep-water berths and increase the annual container throughput capacity of Ghana s primary port to 3.5 million TEUs. October 2014 APM Terminals Pecém, Brazil announced a USD $22 million investment program in new cranes and equipment which will double the annual container throughput capacity of the facility to 480,000 TEUs. The new STS cranes are scheduled to be operational by March September 2014 Peruvian President Ollanta Humala toured APM Terminals Callao, where four new Super Post-Panamax ship-to-shore (STS) cranes and 12 new electric Rubber-Tire Gantry (RTG) cranes had been delivered as part of the company s $750 million infrastructure investment and improvement program for the terminal. The STS cranes, the largest in the world, with a 23 container-wide reach, will be able to accommodate vessels of up to 16,000 TEU capacity. 7

8 APM Terminals recent milestones (continued) August 2014 The Merete Maersk became the eighth EEE-Class vessel to call the Port of Vostochny, following the vessel s launch at South Korea s Daewoo Shipbuilding & Marine Engineering shipyard. The 18,300 TEU capacity vessels are being delivered at the rate of approximately one per month until the 20-vessel order has been completed. July 2014 APM Terminals Algeciras set a new global record for containers loaded onto a single vessel with 17,491 TEUs stowed onto the EEE-Class Mary Maersk. The terminal handled both the Mary Maersk and the Maersk Matz, another 18,000 capacity EEE-Class vessel on the same day. June 2014 The JOC Group s 2013 study of port productivity data retained APM Terminals Yokohama as the world s leading container terminal in productivity with 163 container moves per vessel hour (MPH). Eleven facilities which are part of the APM Terminals Global Terminal Network were cited in the study, out of a total of 32 terminals named as the global, and three regional designations productivity leaders. These included APM Terminals Port Elizabeth, and APM Terminals Los Angeles, which were named the first and second most productive terminals in the JOC s Americas grouping, with 104 and 96 MPH, respectively. Five facilities in which APM Terminals has interests were cited among the world s 11 most productive container terminals, which in addition to APM Terminals Yokohama, included Tianjin Port Eurasia International Container Terminal (TECT) in third place at 139 MPH; Qingdao Qianwan Container Terminal (QQCT) and Xiamen Songyu Container Terminal (XSCT), tied for fourth place with 132 MPH; and Tianjin Port Alliance International Container Terminal (TACT) in seventh place with 126 MPH; (these rankings were the same for the JOC s Asia-Pacific regional designation). APM Terminals Houston, with 2013 productivity of 83 MPH, ranked sixth in the JOC s Americas region, bringing to three the number of APM Terminals facilities listed among the Americas 10 leading terminals. The APM Terminals portfolio also placed three facilities in the JOC s Europe, Africa and Middle East Region, with APM Terminals Rotterdam ranking third with 99 MPH, the Port of Salalah, ranking sixth with 91 MPH, and NTB North Sea Terminal Bremerhaven, ranking seventh, with 90 MPH. APM Terminals Gothenburg announced plans to implement two new specialized rail cranes and the completion of an expansion project which will add a sixth access track, bringing the total to 750 meters with the capability of accommodating three full trains simultaneously, increasing rail capacity by 50% this year. Aqaba Container Terminal, operated by APM Terminals, announced plans to upgrade the supply chain capabilities of its subsidiary, Aqaba Logistics Village at Jordan s Red Sea Gateway port. The General Confederation of Enterprises of Morocco (CGEM) once again awarded APM Terminals Tangier certification for Corporate Social Responsibility (CSR). May 2014 Sogester Namibe received the 207-meter long, geared containership Nile Dutch Gemsbok as the first vessel call of a new 20-year concession agreement concluded for the operation, maintenance and development of the Port of Namibe, Angola. The APM Terminals joint venture also operates the Sogester Container Terminal at the primary Angolan port of Luanda. APM Terminals Algeciras received delivery of four STS cranes, currently the largest container cranes in the world, designed specifically to work Ultra-Large Container Ships of 18,000 TEU capacity and larger. The completion of the $55 million USD terminal enhancement project leaves the facility with eight STS cranes able to accommodate the world container fleet s largest vessels. The Port of Salalah was presented with the Global Green Award at the Green Economy Forum, in Berlin, Germany. The award was given in recognition of Salalah s environmental achievements and commitment to sustainability over 8

9 APM Terminals recent milestones (continued) the past five years. An emissions reduction initiative has resulted in the decline of CO2 output at the facility from 73,044 kg in 2009 to 53,204 kg in April 2014 Brasil Terminal Portuário introduced general cargo- ro/ro operations with a new service agreement with Wallenius Wilhelmsen Logistics. The service will call South America s most modern port facility at the port of Santos every 15 days. Berth 1 was reopened at APM Terminals Itajai, increasing annual throughput capacity by 60%. The newly rebuilt 300 meter long wharf had been destroyed by flooding in March 2014 A new industry record for containers loaded onto a single vessel was established by APM Terminals Tangier with the loading of 15,833 onto the Madison Maersk, an EEE- Class vessel with a published capacity of 18,000 TEUs. APM Terminals India s Chennai CFS facility was named winner of the 2013 Environment, Health, and Safety (EHS) Excellence Award by the Confederation of Indian Industry (CII) for the implementation of EHS Best Practices. The distinction was awarded following an audit of the Chennai CFS through an on-site assessment of EHS systems and practices of conformance to statutory requirements, risk assessment, performance metrics, emergency prevention and established response protocols. February 2014 APM Terminals Inland Services South Asia was named winner of the Excellence in Inland Container Logistics for Manufacturing Sector award at the 3rd Annual Asia Manufacturing and Supply Chain Awards, presented at the Asia Manufacturing Supply Chain Summit in Mumbai. The General Confederation of Enterprises of Morocco (CGEM) cited APM Terminals Tangier for adherence to the highest standards of Corporate Social Responsibility. In order to qualify, a managerial assessment is conducted by an independent entity which has been accredited by the CGEM. The assessment assures compliance with the objectives which define the Social Responsibility Charter of Confederation, which has responsibility for the CSR-certification. The certification is awarded to companies for a period of three years. January 2014 APM Terminals Mobile set a new record for a single cargo movement with the loading for export of a 72.3 ton industrial boiler manufactured by the Babcock & Wilcox Power Generation Group onto the ZIM Moskva. December 2013 Global Ports Investments, in which APM Terminals has a co-controlling share, completed the acquisition of Russian-based NCC Group, Russia s second-largest container terminal operator. The combined annual capacity of the companies is 4 million TEUs, creating the largest terminal operator in Eastern Europe. NCC s holdings include First Container Terminal in St. Petersburg, Ust- Luga Container Terminal, and the Logistika Terminal, an inland facility serving the St. Petersburg area. APM Terminals, along with consortium partners Bolloré Africa Logistics and French-based construction firm Bouygues signed an agreement to develop a second container terminal at the Port of Abidjan, Ivory Coast. The new deep-water facility, known as TC2, will be developed and operated under a 21-year concession, and will include 1,100 meters of quay and an 18-meter depth, representing an annual throughput capacity of 2.1 million TEUs at completion. November 2013 Brasil Terminal Portuário was officially inaugurated at the Port of Santos at a ceremony attended by Brazilian President Dilma Rousseff. The new deepwater facility, operated as a joint venture with TIL under a 40-year concession, can handle up to three 9,200 TEU vessels, at once, and adds 1.2 million TEU annual capacity to South America s busiest container port. 9

10 APM Terminals recent milestones (continued) APM Terminals was named the winner of the Lloyd s List Asia Awards 2013 Port Operator Award in Singapore. The honor was in recognition of maintaining the highest standards of operational efficiency and customer service throughout the year among port and terminal operators in the Far East. October 2013 APM Terminals was once again named International Terminal Operator of the Year at the Containerisation International 2013 Awards ceremony, marking the second consecutive year as winner of the award. The judges present the annual CI Awards in recognition of companies and individuals that, over the past year, have made an outstanding contribution to the container liner shipping and logistics industry, either through being innovative, proactive and pioneering. The APM Terminals Global Terminal Network observed its seventh annual Global Safety Day with an emphasis on personal responsibility for safety in the workplace across the company s worldwide operations. In 2012 APM Terminals combined terminal and Inland Services operations recorded a Lost-Time Injury Frequency (LTIF) decline of 43% to 2.42 per million man-hours worked. September 2013 Russia s largest terminal operator, Global Ports Investments, in which APM Terminals is a co-controlling shareholder, announced the signing of a binding agreement to acquire NCC Group Limited, the secondlargest Russian terminal operator by volume, with assets representing a combined annual container throughput capacity of approximately 1.7 million TEUs. The acquisition is subject to regulatory approvals. A record of 7,804 TEUs were handled at APM Terminals Tangier during the maiden call of the Maersk McKinney Moller, the first 18,000 TEU vessel to join the global container fleet. A productivity level of 29 moves per hour (MPH) was achieved at the facility while working the world s largest containership. 10

11 Our leadership team APM Terminals places a very high value on leadership. Our Leadership Team is comprised of experts in diverse areas from across the company, including commercial, legal, finance, operations and safety. These senior executives represent significant experience in navigating the complexities and opportunities of running and growing a global business. Kim Fejfer Henrik Lundgaard Jeff De Best Jakob Bomholt Joe Nielsen Francois Delenclos Erik Eisenberg Chief Executive Officer Pedersen Chief Operating Officer Chief Commercial Head of Global Vice President, Vice President, Chief Financial Officer Officer Container Port Business Business Development Communications Development and Branding Tiemen Meester Vice President, Business Implementation; Russia and Baltics Portfolio Manager Kevin Furniss Vice President, Health, Safety, Security, Environment and Sustainability Steve Bird Vice President, Human Resources & Labor Relations Susanne Marston Peder Sondergaard Ben Vree Vice President, Africa-Middle East Head of Europe General Counsel Region Head and Asia Portfolio 11

12 2014 Financial results Highlights Revenue USD $4.45 billion Segment result after tax was a profit of USD $900 million Return on Invested Capital of 14.7% Invested capital of USD $5.93 billion 38.3 million TEU throughput (based on equity share) Container volume growth of 5% APM Terminals reported a profit of USD $900 million in 2014 supported by higher volumes throughout the portfolio, tariff improvements in growth markets and divestment gains. APM Terminals is on track to achieve the USD $1 billion profit target set for The new fully automated flagship terminal at Maasvlakte II, Rotterdam, The Netherlands, commenced initial operations, and significant progress was made on the many other new terminal projects and expansions across the APM Terminals Global Terminal Network. The global market for container terminal handling developed positively in 2014, with an overall growth of 5%, a growth rate matched by APM Terminals. APM Terminals is a leading global developer and operator of container terminal infrastructure, serving the growing need for port infrastructure to accommodate expanding global trade and the larger vessels being deployed by the container shipping lines on all major trade lanes. The larger vessels place increased demands on port infrastructure, both on the quayside, where larger cranes may be needed, and on the landside, where the yard, the gate complex, the connecting road and rail infrastructure need to be able to efficiently process the larger concentration of volume carried by the larger ships. Financial Performance The number of containers handled by the APM Terminals Global Terminal Network (weighted APM Terminals equity share) grew by 5% compared with Total revenue increased by 3%. While port revenue exceeded the volume growth, inland services revenue decreased as a result of the divestment of activities in the Americas and Asia to optimize the portfolio. The result generated a return on invested capital (ROIC) of 14.7%. The underlying profit was USD $849 million, resulting in an underlying ROIC of 13.9%. The increased profit was supported by higher volumes throughout the portfolio, combined with tariff improvements in growth markets. The result was positively impacted by net divestment gains after tax of USD $232 million, and negatively affected by USD $181 million impairments related to European activities, of which USD $154 million was related to joint venture companies. APM Terminals achieved a 2.1% improvement in the EBITDA-margin supported by commercial and operational efficiency drives, generating more than USD $100 million in cost savings. Several supplier contracts were renegotiated during the year, and upgrades to the terminal operating system enabled further process efficiencies to be pursued in several of the largest terminals. Cash flow from operating activities of USD $925 million did not improve in line with operational results due to increased tax payments and slightly reduced working capital. Cash flow used for capital expenditure was more than offset by cash flow generated by divestments in The divestment of APM Terminal Virginia, USA, notably lead to a positive cash flow of USD $2 million. APM Terminals continued a high level of investment in the development of its port interests, both in the form of new projects and expansions to existing ports. Invested capital came in at USD $5.9 billion, a decrease of 4% compared with the previous year. Portfolio The USD $750 million expansion project in Callao, Peru continues and the first new container berth is scheduled to open in the 3rd Quarter of 2015, which will provide the terminal with the capacity to receive container vessels as large as 18,000 TEUs. At several other locations, expansions and upgrades are ongoing to equip terminals to handle the largest container vessels in operation. The Port of Tanjung Pelepas, Malaysia, inaugurated berths 13 and 14 during the 1st Quarter, and at Pier 400, Los Angeles, USA cranes were raised. In August, APM Terminals completed the sale of its 100% share of APM Terminals Virginia, Portsmouth, USA. The construction of Maasvlakte II, The Netherlands, has been completed and operations commenced with volumes expected to ramp up during Maasvlakte II sets new standards within the industry, in terms of automation, safety and environmental impact. Final permits were received to start construction of a new greenfield container terminal in Moin, Costa Rica. APM Terminals joint venture Sociedade Gestora de Terminais S.A. (Sogester), Angola, signed a 20-year concession to operate, maintain and develop the Port of Namibe, Angola, serving both container and general cargo. APM Terminals is continuously assessing the business impact of political developments on trade in and around Russia, and more specifically on the co-controlling ownership share in Global Ports Investments PLC, Russia. In Monrovia, Liberia, APM Terminals continues to serve its customers during the Ebola outbreak that has gripped the region. The terminal is engaging in strict health screening and is also offering aid to the neighboring areas in order to help the region battle this disease. 12

13 2014 Financial results (continued) Highlights APM Terminals USD million Revenue 4,455 4,332 Profit/loss before depreciation, amortisation and impairmentlosses, etc. (EBITDA) 1, Depreciation, amortisation and impairment losses, net Gain/loss on sale of non-current assets, etc., net Share of profit/loss in joint ventures Share of profit/loss in associated companies Profit/loss before financial items (EBIT) 1, Tax Net operating profit/loss after tax (NOPAT) Cash flow from operating activities Cash flow used for capital expenditure Invested capital 5,933 6,177 ROIC 14.7% 13.5% Containers handled (measured in million TEU and weighted with ownership share)

14 APM Terminals awards 2015 Containerisation International Innovation of the Year Award APM Terminals Rotterdam Maasvlakte II was named the shipping industry s Innovation of the Year at the 4th Annual Containerisation International Awards. The award was given in recognition of the industry-changing technological advances represented by the world s first fully-automated and emissions-free, sustainably-powered container terminal. The advanced terminal design and operating concept incorporated landside operations as an integral component with seaside operations, providing for efficient, seamless movement across all modalities to improve efficiency, maximize productivity, enhance safety and reduce CO2 and other harmful emissions. Pacific Maritime Association Coast Accident Prevention Award and Southern California Container Terminal Safety Award APM Terminals Pier 400 Los Angeles won two awards at the 66th Annual Pacific Maritime Association (PMA) Area Accident Prevention Committee Safety Awards for The first award was the PMA Coast Accident Prevention Awards ceremony in the category of Terminal Operations, Group A, (over one million man-hours worked) for the best Safety Performance achieved in 2014 in all operations at US West Coast ports. This is the sixth year out of the last eight that APM Terminals Los Angeles facility has received this award. APM Terminals Pier 400 also won the Southern California Area Container Terminal Safety Award for Group A. Nigerian Port Authority Most Environmentally Conscious Port Operator APM Terminals Apapa named the Most Environmentally Conscious Port Operator at the Lagos Port Complex by the Nigerian Port Authority s Environment Department of the Health, Safety and Environment Division, in recognition of the company s achievements in the area of terminal safety culture and operating practices in Nigeria s primary port city. Lloyds List North American Maritime Awards Port Operator of the Year APM Terminals was named the winner of the Lloyd s List North American Maritime Awards 2015 Port Operator of the Year 14 Award, given in recognition of a North American port or terminal operator which has maintained the highest standards of operational efficiency and customer service throughout the year NYSA Greatest Reduction in Lost-Time Accident Frequency APM Terminals Port Elizabeth was also honored for the year by the New York Shipping Association in May for safety performance in the category of Greatest Reduction in Lost-Time Accident Frequency. Green Economy Forum Global Green Award The Port of Salalah was named winner of a Global Green Award at the Green Economy Forum in Berlin, in May, in recognition of their environmental achievements and sustainable practices over the past five years. CII 2013 Environment, Health, and Safety Excellence Award (India) APM Terminals India s Chennai CFS facility was named winner of the 2013 Environment, Health, and Safety (EHS) Excellence Award by the Confederation of Indian Industry (CII) for the implementation of EHS Best Practices. Excellence in Inland Container Logistics for Manufacturing Sector (India) APM Terminals Inland Services South Asia was named winner of the Excellence in Inland Container Logistics for Manufacturing Sector award at the 3rd Annual Asia Manufacturing and Supply Chain Awards, presented at the Asia Manufacturing Supply Chain Summit in Mumbai Lloyd s List Asia Awards 2013 Port Operator Award APM Terminals was named the winner of the Lloyd s List Asia Awards 2013 Port Operator Award, in recognition of maintaining the highest standards of operational efficiency and customer service throughout the year among port and terminal operators in the Far East. Containerisation International 2013 International Terminal Operator of the Year APM Terminals was named International Terminal Operator of the Year for the second consecutive year at the Containerisation International 2013 Awards ceremony. The judges present the annual CI Awards in recognition of companies and individuals that, over the past year, have made an outstanding contribution to the container liner shipping and logistics industry, either through being innovative, proactive and pioneering. Express, Logistics & Supply Chain Leadership Awards Best Inland Services Provider APM Terminals India Pvt. Ltd. was named Best Inland Services Provider for 2013 at the 7th Annual Express, Logistics & Supply Chain Leadership Awards in Mumbai, India in the Service Excellence category of the program. All-India Maritime and Logistics Awards Container Terminal Operator of the Year APM Terminals Mumbai was named Container Terminal Operator of the Year (Specific) for 2013 at the 4th Annual All-India Maritime and Logistics Awards (MALA) on September 6th, in Mumbai. The award was presented on the basis of operational performance, year-on-year volume growth, IT efficiency, the use of advanced technology, and customer satisfaction. All-India Maritime and Logistics Awards Health, Safety and Quality Award APM Terminals Pipavav was named winner of the Port/Terminal Operator of the Year- Health, Safety and Quality Award for 2013 at the 4th Annual All-India Maritime and Logistics Awards (MALA). The criteria for the award include facility investment in health and safety measures, and external industry certification. Volkswagen Supplier Appreciation Award APM Terminals Inland Services Mumbai Container Freight Station was selected by Volkswagen India to receive its annual Supplier Appreciation Award for excellent performance during The award is in recognition of the Inland Services operation s help in achieving Volkswagen s targeted logistics chain performance levels for the 110,000 vehicle capacity Chakan auto manufacturing facility near Pune, in the State of Maharashtra.

15 APM Terminals awards (continued) Exim India Container Freight Station of the Year APM Terminals India s Chennai Container Freight Station was named co-winner of the Container Freight Station of the Year Award-(Private) at the 5th Annual Exim India South East Cargo & Logistics Awards The award recognizes APM Terminals Chennai s efforts in promoting trade through creation of modern facilities and infrastructure, and the achievement of high standards of efficiency and productivity during National Quality Award (Morocco) APM Terminals Tangier was named winner of the 2012 National Quality Award organized by Morocco s Ministry of Industry, Trade and New Technologies. This 15th annual Quality Award ceremony was held in the Moroccan capital of Rabat, with the participation of the Moroccan Union for Quality (UMAQ). The mission of the UMAQ includes the responsibility to promote the quality of goods and services in all sectors of the national economy. Best Employer Award (Morocco) APM Terminals Tangier was named Best Employer in Morocco on January 21st at the second annual Best Employer Award sponsored by business consultant Lycom in collaboration with Morocco s Ministry of Education and Professional Training, the Global Confederation of Moroccan Companies (CGEM), and the American Chamber of Commerce in Morocco, and the Best Companies Group Lloyd s List Global Awards 2012 Port Operator of the Year APM Terminals was named Port Operator of the Year at the Lloyd s List 2012 Global Awards Gala, held in London on September 26th. The annual award is presented in recognition of the company or port authority that has maintained the highest standards of operational efficiency and customer service throughout the year through exceptional innovation, improved efficiency, profitability or successful investment in port operations. The judging panel stated that they were impressed by the $3 billion in infrastructure investments made during the past year across APM Terminals Global Terminal Network, and cited APM Terminals commitment to sound growth based upon the highest standards of ethical and sustainable business practices, praising the tangible results in improvement of Safety Performance and reduction of CO2 emissions. Containerisation International 2012 International Terminal Operator of the Year APM Terminals was named International Terminal Operator of the Year at the Containerisation International 2012 Awards luncheon in London on October 18th. APM Terminals ongoing investment programs at its terminals and its ability to implement and adapt very effectively global safety, security and environmental guidelines at the local level were cited by the judging panel for the award, as well as APM Terminals Global Terminal Network s success in combining development with continuous improvements in its CSR and environmental policies. Containerisation International 2012 Award for Corporate Social Responsibility The Port of Salalah, managed by APM Terminals, was named winner of the 2012 Containerisation International Award for Corporate Social Responsibility. Nigeria Maritime Excellence Awards Best Terminal Operator of the Year APM Terminals Apapa was named the winner of the 2012 Terminal Operator Award by the Maritime Reporters Association of Nigeria (MARAN) at their annual Maritime Excellence Awards ceremony held in December. MARAN was established in 1988 to objectively report activities in the shipping sector in totality and also the activities of all ministries, departments and agencies of government involved in the country s import and export business. All-India Maritime and Logistics Awards 2012 APM Terminals Mumbai was honored as the Container Terminal of the Year as well as winning the Port/Terminal Operator of the Year Safety & Quality award at the Third Annual Awards Gala held in Mumbai. This was their third consecutive win as Container Terminal of the Year. Jordan 2011 Social Security Excellence Award for Occupational Health and Safety Aqaba Container Terminal (ACT), a joint venture between the Aqaba Development Corporation and APM terminals, which manages the facility, was honored with the Kingdom of Jordan s 2011 Social Security Excellence Award for Occupational Health and Safety, the only safety award of its kind to be offered to companies by the Jordanian Social Security Corporation. This recognition, announced in July 2012, was based on ACT s high local and international safety standards across all activities following a comprehensive audit of the facility s safety standards and procedures Pacific Maritime Association Safety Awards For the fifth consecutive year APM Terminals Pier 400 Los Angeles was named winner of both the Category A Southern California Area Container Terminal Safety Award, and the Coast Award for the safest terminal on the Pacific Coast by the Pacific Maritime Association (PMA). APM Terminals Tacoma was named winner of the Washington area s Category C Container Terminal Safety Award and the Coast Award for Category C for the safest terminal on the Pacific Coast. APM Terminals Tacoma also won the award for the Greatest reduction in injury rates for the Washington Area, irrespective of terminal size. The Signal Mutual Gerald H. Halpin Safety Excellence Award APM Terminals was presented with The Gerald H. Halpin Safety Excellence Award for by the Signal Mutual Indemnity Association recognizing APM Terminals operations in the United States with Signal s highest honor. The Halpin Award is given as special recognition of the Signal Member company which has exemplified exceptional promotion of employee safety and health throughout their organization, and is presented only in exceptional circumstances. The Signal Mutual Industry Leader Safety Award APM Terminals Pacific Ltd., which performs cargo handling services at APM Terminals Pier 400 Los Angeles and APM Terminals Tacoma, was named winner of the annual Signal Mutual Industry Leader Safety Award in the category of large stevedoring operations (over 500,000 man hours worked) for demonstrating the most improvement of safety performance in terms of declining reported incidents for the past three consecutive years. 15

16 APM Terminals awards (continued) India Maritime Week Gateway Award of Excellence APM Terminals Chennai, Ltd., part of APM Terminals Inland Services operations, was named Container Freight Station of the Year of 2011 at the India Maritime Week Gateway Awards of Excellence Ceremony Lloyd s List Middle East and Indian Subcontinent 2011 Safety Award The Port of Salalah, Oman, which is managed by APM Terminals, was named the winner of the Safety category of the Lloyd s List Middle East and Indian Subcontinent 2011 Awards in Dubai on November 16th. The award recognizes exceptional commitment to improving safety standards in the shipping industry through robust and effective improvements to their operations at sea or ashore. Lloyd s List 2011 Global Safety Award APM Terminals was named winner of the 2011 Lloyd s List Global Safety Award at the prestigious annual industry Awards Gala on September 20th in London. The award was presented in recognition of APM Terminals exceptional commitment to improving safety standards over the past year, and genuinely comprehensive approach to safety and a real commitment to implementing a safety culture across the company. The award was accepted by APM Terminals CEO Kim Fejfer. Transport Africa Awards Best Port Operator in Africa APM Terminals was named winner of the Best Port Operator in Africa award at the Transport Africa Awards ceremony held in Johannesburg, South Africa on June 29th. The criteria for the award were operational efficiency and effectiveness and the ability to demonstrate best practice in Africa s ports sector. Seatrade Award for Innovation in Ship Operations APM Terminals was named winner of the 2011 Seatrade Award for Innovation in Ship Operations for the FastNet Crane concept at the 23rd Annual Seatrade Awards in London, cited as an innovative design or device which has the potential to significantly improve the efficiency of any aspect of ship operations and/or cargo handling. First conceived in 2006, patents on FastNet cranes have now been filed in 17 nations as well as the 27 EU member countries. 16 Pacific Maritime Association Safety Awards APM Terminals Pier 400 Los Angeles facility was awarded First Place for the fourth consecutive year in the Pacific Maritime Association s Coast Accident Prevention Awards ceremony in the category of Terminal Operations, Group A, representing terminal operations with one million or more man-hours worked in APM Terminals Tacoma won Second Place in the Group C category, which includes facilities of between 100,000 and 499,999 man-hours worked. Ecoval Trophy APM Terminals Tangier-Med was recognized with a Sustainability award in January 2011 in Casablanca, at the first annual Ecoval Trophy Awards given by Ecoval Morocco, a subsidiary of Holcim Morocco, which is part of Swiss-based cement and aggregates producer Holcim Ltd. The Ecoval Trophies are presented in three categories covering the collection and recovery of waste oils. APM Terminals Tangier-Med was one of three winners in the category of Eco-Enterprise Corporate Governance Award for Transparency and Honesty In September the Corporate Governance Award for Transparency and Honesty was presented to Laem Chabang Terminal B-1 (LCB1) by Mr. Panthep Klanarongran, the Chairman of Thailand s National Anti-Corruption Commission (NACC). The terminal was one of only 15 companies to have been honored for corporate governance in this category by the Thai Government this year. Zero Accident Award (Bronze Level) Thailand s Minister of Labor, Mr. Chalermchai Sri-on, presented the Zero Accident Award (Bronze Level) to Laem Chabang Terminal B-1 (LCB1) in September in recognition of Outstanding Safety Performance, with 1.4 million man-hours of work performed over the course of a year without any Lost-Time Injuries (LTI). Although 102 companies in Thailand were cited for this Bronze level distinction for 2010, LCB1 was notably the only marine terminal to have earned the Safety Award. Special Jury Award, Oman Green Awards The Port of Salalah was honored with the Special Jury Award at the Oman Green Awards in July. The Oman Green Awards are national environmental awards established to recognize outstanding environmental vision, endeavors and achievements. The Special Jury Award honors the company that that stands out from other nominees by excelling in multiple environmental initiatives. The Port of Salalah s nomination was based on the Qudam Project, the in-house strategic plan developed to manage improvements and measure progress in key areas of the Port s business. Safety at Sea International Award APM Terminals was named the winner of the Safety at Sea International (SASI) Award for 2010 for the category of Management and Operations. Presented in London on June 22nd, the award, which is presented annually, recognized the APM Terminals company-wide Safety Culture program as an initiative that demonstrates improved safe working practices or attitudes as a result of its implementation, either onshore or aboard-ship. Port Community Award APM Terminals Rotterdam was named the winner of the Port Community Award 2009 in recognition of efficiency in information exchange in the Dutch ports of Rotterdam and Amsterdam. The selection of APM Terminals Rotterdam by unanimous vote of the judging panel was announced at the second annual Port Community Award ceremony on April 21st. Pacific Maritime Association Safety Awards APM Terminals Los Angeles, Oakland* and Tacoma were cited for their outstanding achievements in workplace safety for 2009, by the Pacific Maritime Association. For the third year in a row, Pier 400 (Los Angeles) won the First Place Safety Award in the Class A category for LA/Long Beach, and First Place Group A Container Company Coast Award. APM Terminals Oakland won the Class C area award for Northern California, also for the third consecutive year. The Oakland team was able to continuously improve the safety culture at the terminal despite the impending closure at year end. In addition, Tacoma was recognized with second place Washington Area and Coast-Level awards for Category C operators.