Company profile. 3rd Quarter 2017

Transcription

1 Company profile 3rd Quarter 2017

2 An industry leader APM Terminals operates a global terminal network of 20,000 professionals with 76 operating port facilities and 117 Inland Services operations in 59 countries around the globe. 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 USD $4.17 billion in revenue in For APM Terminals, with two new port facilities opened in 2017, our goal remains to become the global leader in all aspects of port development, management, and operations. Recent industry and global recognition in 2016 included the Lloyd s List Middle East & Indian Subcontinent Logistics Excellence Award ; the ICHCA Safety Innovation Award for APM Terminals Buenos Aires; the US Pacific Maritime Association Safety Awards for both APM Terminals Los Angeles Pier 400, and APM Terminals Tacoma; and the Jordan Workplace Safety and Health Award, for Aqaba Container Terminal. In the most recent JOC comprehensive port and terminal productivity study, the APM Terminals global terminal network was once again recognized as the industry s standardsetter in world-wide terminal productivity, as measured by carne moves per hour with a vessel alongside. 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 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 APM Terminals by the Numbers Countries: 59 Employees: 20,000 Port facilities: 76 New facilities in development: 5 Inland Services operations: 117 Annual Revenue in 2016: $4.17 billion Containers handled in 2016: 37.3 million TEUs (weighted by equity share) Size of global container market in 2016: 699 million TEUs 2

3 The future Total global GDP is forecast to reach $77.9 trillion USD in 2017, and is projected to approach $100 trillion by Emerging Market and Developing Economies now account for more than half (58.1%) of global economic output, and more than one third (35.6%) 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 explore new opportunities to grow our business, particularly in underserved with markets with significant growth potential. 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 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 Yucatan, Mexico North America 9 1 Quetzal, Port Elizabeth, Guatemala New Jersey, USA 10 2 Moin, Charlotte, Costa North Rica Carolina, USA 11 3 Panama Miami, Florida, City, Panama USA 12 4 Cartagena, Mobile, Alabama, Colombia USA 5 Los Angeles, California, USA 13 Buenaventura, Colombia 6 Tacoma, Washington, USA 14 Callao, Peru 15 Latin Pecem, AmericaBrazil 16 7 Santos, Lazaro Cardenas, Brazil Mexico 17 8 Paranagua, Yucatan, Mexico Brazil 9 Quetzal, Guatemala Itajai, Moin, Brazil Costa Rica Buenos Panama Aires, City, Panama Argentina 12 Cartagena, Colombia Europe 13 Buenaventura, Colombia 14 Callao, Peru 20 Zeebrugge, Belgium 15 Pecem, Brazil Rotterdam Santos, Brazil (2 Terminals: 17 APM Paranagua, Terminals BrazilRotterdam 18 and Itajai, APM Brazil Terminals 19 Rotterdam Buenos Aires, Maasvlakte Argentina II) 6 22 Bremerhaven, Germany Europe Wilhelmshaven, Zeebrugge, BelgiumGermany World Rotterdam Headquarters, (2 Terminals: APM Terminals Rotterdam The and Hague, APM Terminals Netherlands Rotterdam Maasvlakte II) Aarhus, Bremerhaven, Denmark Germany 23 Wilhelmshaven, Germany Gothenburg, World Headquarters, Sweden The Hague, Netherlands Gijon, Aarhus, Spain Denmark Algeciras, Gothenburg, Spain Sweden Valencia, Gijon, Spain Spain Castellon, Algeciras, Spain Spain 29 Valencia, Spain Barcelona, Castellon, Spain Spain Barcelona, Spain Marseille-Fos, Barcelona, SpainFrance Vado, Marseille-Fos, Italy (2 France Terminals: 34 Vado, Italy (2 Terminals: Vado Reefer Terminal, Vado Reefer Terminal, and APM Terminals Vado, under construction) 35 and Izmir, APM Turkey Terminals Vado, 36 under Poti, Georgia construction) 35 Izmir, Turkey 36 Russia-Baltics Poti, Georgia 37 Helsinki, Finland 38 Kotka, Finland Russia-Baltics 39 Tallinn, Estonia Helsinki, St. Petersburg, Finland Russia (4 Terminals: Petrolesport, First 38 Kotka, Container Finland Terminal, Moby Dik Container Terminal and 39 Tallinn, Ust-Luga Estonia Container Terminal) 41 Moscow, Russia 40 St. Petersburg, Russia (4 Terminals: 42 Vostochny, Russia Petrolesport, First Container Terminal, Moby Dik Container Terminal and Ust-Luga Container Terminal) 41 Moscow, Russia 42 Vostochny, Russia Key colors Head Office Operational terminals Terminals with upgrade or expansion projects New terminal projects Office Connecting people, making business flow Key colors Head Office Operational terminals Terminals with upgrade or expansion projects New terminal projects Office Africa 43 Tangier, Morocco (2 Terminals: APM Terminals Tangier, and APM Terminals MedPort Tangier, under construction) 44 Conakry, Guinea 45 Monrovia, Liberia 46 Abidjan, Ivory Coast (2 Terminals: Abidjan Terminal, and TC2 under construction) Africa 47 Tema, Ghana 43 Tangier, Morocco (2 facilities: Meridian Port (2 Terminals: Services, APM Terminals and new Tangier, deep-water and APM Terminals hub under MedPort construction) Tangier, under 48 construction) Cotonou, Benin 44 Conakry, Guinea 45 Monrovia, 49 Apapa, Liberia Nigeria 46 Abidjan, 50 Ivory Onne, Coast Nigeria (251 Terminals: Douala, Abidjan Cameroon Terminal, and TC2 52 under Pointe construction) Noire, Rep. of Congo 47 Tema, Ghana (2 facilities: 53 Luanda, Angola Meridian Port Services, and new deep-water hub 54 under Namibe, construction) Angola 48 Cotonou, 55 Benin Port Said (SCCT), Egypt 49 Apapa, Nigeria 50 Onne, Nigeria Middle East 51 Douala, Cameroon 52 Pointe 56 Noire, Aqaba, Rep. of Jordan Congo 53 Luanda, 57 Angola Salalah, Oman 54 Namibe, 58 Angola Bahrain, Bahrain 55 Port Said (SCCT), Egypt Asia Middle East 56 Aqaba, 59 Jordan Colombo, Sri Lanka 57 Salalah, 60 Oman Pipavav, India 58 Bahrain, 61 Bahrain Mumbai, India 62 Laem Chabang, Thailand Asia (2 terminals: LCB1 and LCMT) 59 Colombo, Sri Lanka 60 Pipavav, 63 India Cai Mep, Vietnam 61 Mumbai, 64 India Tanjung Pelepas, Malaysia 62 Laem 65 Chabang, Guangzhou, Thailand China (266 terminals: Hong LCB1 Kong and LCMT) 63 Cai Mep, Vietnam 64 Tanjung 67 Pelepas, Xiamen, Malaysia China 65 Guangzhou, 68 Shanghai, China China 66 Hong 69 KongShanghai, China 67 Xiamen, 70 China Qingdao, China (5 terminals: 68 Shanghai, China QQCT, QQCTU, QQCTUA, 69 Shanghai, China 70 Qingdao, China DMPT (5 and terminals: QQCTN) QQCT, 71 QQCTU, Dalian, QQCTUA, China DMPT 72 and Tianjin, QQCTN) China 71 Dalian, China (2 terminals: TECT and TACT) 72 Tianjin, China 73 Kobe, Japan (2 terminals: TECT and TACT) 73 Kobe, 74 Japan Yokohama, Japan 74 Yokohama, Japan

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 France 13 Spain 14 Romania Russia-Baltics 15 Russia ca Africa 16 Tunisia 17 Mauritania 18 Mali 19 Senegal 20 Ivory Coast 21 Ghana 22 Nigeria 23 Cameroon 24 Namibia 25 South Africa 26 Tanzania 27 Uganda 28 Kenya Middle East 29 Saudi Arabia 30 Jordan 31 United Arab Emirates Asia-Pacific 32 Thailand 33 Malaysia 34 India 35 China 36 Taiwan 37 Japan 5

6 APM Terminals recent milestones include: August 2017 APM Terminals Pier 400 Los Angeles hosted U.S. Secretary of Labor R. Alexander Acosta and leadership officials of the International Longshoremen and Warehouse Union, (ILWU) and the Pacific Maritime Association (PMA), on Secretary Acosta s first official visit to an American port operation since being confirmed as a member of the Cabinet. July 2017 APM Terminals Tangier welcomed the Munich Maersk, a 20,568 TEU capacity second-generation Triple E-Class vessel, as it made its maiden call to celebrate the 10th anniversary of the opening of the key transshipment facility on the Strait of Gibraltar. APM Terminals Ghana Ltd was named the winner of the Port/Terminal category of the Ghana Shippers Awards 17, in Ghana s Capital City of Accra. APM Terminals Ghana, part of APM Terminals Inland Services, operates a bonded Inland Container Depot (ICD) at Ghana s primary port of Tema. June 2017 APM Terminals Port Elizabeth welcomed the 8,700 TEU capacity CMA CGM Bianca, marking the first call of the weekly Ocean Alliance US East Coast Loop 3 Service, providing direct service to the US East Coast from ports in China and Southeast Asia. The 10,100 TEU capacity Maersk Gibraltar arrived at APM Terminals Pipavav on June 16th, marking both the first call of Maersk Line s ME1 Service to the facility, and a new record for the largest vessel ever to call Pipavav Port. May 2017 APM Terminals Callao receives the first delivery of a total of USD $10 million of general cargo handling equipment, including eight scoops for dry bulk cargo unloading, six hydraulic hoppers, three excavators, two front loaders, six road sweeper trucks and ten forklifts. The terminal handles all of the general cargo movements at the Port of Callao, which handles 70% of all Peru s general cargo shipments. April 2017 The 8,600 TEU capacity CSAV Traiguen becomes the largest container ship to call a Guatemalan port when it arrives at Terminal de Contenedores Quetzal (TCQ) on Guatemala s Pacific Coast. TCQ, with an annual container throughput capacity of 340,000 TEU, is currently the largest facility between the port of Lázaro Cardenas in México, and the Panama Canal, on the west coast of Central America. APM Terminals Lázaro Cárdenas Phase I semi-automated deep-water terminal opens on Mexico s Pacific Coast with an annual throughput capacity of 1.2 million TEUs. March 2017 APM Terminals Gothenburg signs an addendum to the original concession agreement with the Port of Gothenburg to invest an additional SEK 250 million ( 25 million) through 2024 in Sweden s largest port. The new investment will focus upon increasing operational productivity for vessels, improving gate access for trucks and enhanced rail services. February 2017 APM Terminals significantly increases the previously announced USD $70 million investment plans for the APM Terminals Port Elizabeth facility, to USD $200 million. This figure includes ordering four next-generation Ship-To- Shore (STS) cranes to handle ultra-large container ships (ULCS) at North America s second-busiest port complex. APM Terminals Tangier receives ISO Certification, covering Asset Management Systems, by French-based Bureau Veritas, a global leader in Testing, Inspection and Certification. APM Terminals Tangier is the first Moroccan business to receive this distinction. This is the most recent of several ISO certifications earned by one of North Africa s busiest container terminals. January 2017 Brazil s Minister of Transportation, Maurício Quintella Lessa, visits APM Terminals Itajaí while at the port complex to sign an $11 million contract to dredge the navigation channel and terminal berths to a depth of 14 meters. The new depth will allow vessels of up to 9,000 TEU capacity to dock at the berths. December 2016 APM Terminals Inland Services South Asia was named winner of the Topaz Excellence in Logistics Award at the Lloyd s List Middle East & Indian Subcontinent Awards. The award, sponsored by Topaz Energy and Marine, recognizes the shipping or logistics company that has worked with shippers not only to provide ocean transportation but a total logistics package with a full end to end supply management across both the sea and land sectors within Middle East and Indian Subcontinent. November 2016 The President of the Republic of Ghana, Mr. John Dramani Mahama, unveiled a commemorative plaque at the waterfront site at a ceremony to officially recognize the start of the marine engineering works of the Tema Port expansion project. The port expansion plan calls for 1.4 km of deep- 6

7 APM Terminals recent milestones (continued) water quay, with four new berths equipped to accommodate Ultra-Large Container Ships (ULCS) of up to 18,000 TEU capacity. The Tema project is a Public Private Partnership between the Ghana Ports and Harbours Authority, and Meridian Ports Services (MPS), a joint venture between APM Terminals and French-based Bolloré Transport & Logistics. APM Terminals Algeciras, following the implementation of Optical Character Recognition (OCR) technology at the terminal gate operations, and a trucker appointment system for delivery and pick-up of containers, has increased terminal efficiency, and gained a 30% increase in gate transactions. The new system represents an investment of 2.2 million, and the fulfilment of a two-year development project. October 2016 APM Terminals finalized an agreement with China COSCO Shipping Ports for the sale of a minority share in a new joint venture created for Vado, Italy. A similar agreement was also concluded earlier with Qingdao Port International Development (Hong Kong) Co., Limited. The agreements include interests in both the existing Reefer Terminal in Vado, the largest refrigerated cargo facility on the Mediterranean Sea, and the new 800,000 TEU capacity deep-water terminal currently under construction at the Port of Vado. Cartagena Container Terminal Operators (CCTO), welcomed the 2,600 TEU capacity Maersk Niagara on the maiden call of the weekly Ecubex Europe/South American direct weekly service to Colombia s busiest container port. APM Terminals and Compas SA plan to jointly invest USD $200 million in infrastructure expansion and upgrades over the next 3 years to improve Colombian access to the global logistics chain. September 2016 The first of ten ship-to-shore (STS) cranes at the APM Terminals Los Angeles Pier 400 facility was raised 33 feet (10 meters), making it the tallest port crane in North America. The crane heightening project is designed to prepare for regular Ultra-Large Container Vessel (ULCV) calls in the trans-pacific trade lanes, carrying up to 20,000 7 twenty-foot equivalent containers (TEUs) per vessel. APM Terminals Pier 400 Los Angeles operates a total of 14 STS cranes. The ten retro-fitted cranes will enable handling vessels that have a beam of 23-containers wide, and stacked ten containers high above deck. Container throughput at the Port of Salalah reached million TEUs in the first half of 2016, representing a 29% increase over volume handled during the first half of The expanded port facilities are also currently handling 200,000 Metric Tons (MT) of limestone and approximately 550,000 MT of Gypsum monthly, among other cargoes. The new berths are used for discharging grain, loading bagged cement, berthing of the multi-national navies engaged in anti-piracy operation, and for cruise vessels. August 2016 APM Terminals announced plans for a USD $70 million investment in infrastructure improvements at the APM Terminals Port Elizabeth terminal, at the Port of New York/New Jersey. The upgrades will enable the facility to accommodate vessels of up to 13,000 TEU capacity, and increase the terminal s annual throughput capacity from 1.5 million to 2.3 million TEUs. APM Terminals Inland Services opened a new intermodal rail facility in San Bernardo, Chile, in the Santiago metropolitan area, with direct rail service provided to the ports of San Antonio and Talcahuano. The USD $1 million investment was funded by APM Terminals Chilean affiliate Container Operators SA (Contopsa). July 2016 APM Terminals purchased the outstanding 40% of the existing APM Terminals-Aarhus A/S facility from Aarhus Service Holding. In August 2010 APM Terminals Aarhus and Cargo Service A/S (a subsidiary of Aarhus Service Holding A/S) combined adjacent facilities in a 60/40 joint venture to be operated as APM Terminals-Aarhus A/S. Container throughput at the deep-water Aarhus facility has grown consistently over the past four years by an aggregate total of 11% from 399,000 TEUs in 2012, to 442,000 TEUs in 2015 Coman SA, operated by APM Terminals Cotonou in Benin s primary port, has commissioned two new Mobile Harbor Cranes (MHC) at a ceremony presided over by the Benin Minister of Transport. The new cranes will bring the West African terminal s operating total to five, after the decommissioning of an older crane. The cranes have a lifting capacity of 144 tons, making them the largest in the port area. The Port of Cotonou, in addition to serving as Benin s primary port, is also a gateway for Nigerian cargo and transit cargo for Niger, Mali and Burkina Faso. Verified Gross Mass (VGM) of export containers was made available throughout the APM Terminals Global Terminal Network in response to the International Maritime Organization (IMO) regulations. The IMO, an agency of the United Nations responsible for regulating international seaborne trade, approved amendments to the SOLAS Convention requiring verification and documentation of export containers before they can be loaded onto vessels, as of July 1st, At more than 70 locations APM Terminals provides a range of services including VGM Data Management, VGM Verification and VGM Generation.

8 APM Terminals recent milestones (continued) June 2016 Monrovia Free Port completes the installation of buoys and navigational aids, permitting a return to 24- hour operations at Liberia s primary port for the first time in three decades. APM Terminals began operations at the Port of Monrovia in February 2011 under a 25- year concession agreement for the privatization of the port concluded in Under the terms of the agreement, USD $120 million will be invested in port upgrades, with over USD $100 million invested to-date. APM Terminals Inland Services, South Asia signs an exclusive agreement with Gothenburg, Sweden-based Volvo Cars to provide a dedicated, specialized warehouse facility in Chennai. The customized warehouse will provide an integrated Inland Services solution for the Volvo Completely Built Up Units (CBUs) imported from Europe to India through the Port of Chennai, India s second-largest port. May 2016 APM Terminals signs contract for the enlargement of 10 STS cranes at APM Terminals Pier 400 Los Angeles. The modifications include raising the overall height, and the extension of the crane boom, to accommodate Ultra-Large Container Ships (ULCS) of up to 20,000 TEU capacity. The cranes, when the project is completed, will be the tallest in service at any American port April 2016 The Aqaba Container Terminal (ACT), Aqaba, Jordan, was named the winner of the Workplace Safety and Health Award by the Jordanian Social Security Corporation. The award was given to ACT for exceeding all health and safety standards and benchmarks established by the Kingdom of Jordan s overseeing authorities. The Port of Salalah hosted the largest vessel ever to call an Omani port, with the arrival of the 18,270 TEU capacity Mayview Maersk. The Port of Salalah, which is operated by APM Terminals as part of the APM Terminals Global Terminal Network, and in which APM Terminals holds a 30% share, handled 2.6 million TEUs in 2015 March 2016 APM Terminals is named as the operator of a new container transshipment terminal in development at the Tanger-Med 2 port complex in Morocco. APM Terminals MedPort Tangier is scheduled to open in 2019 with an annual throughput capacity of 5 million TEUs under the terms of the 30-year concession agreement with the Tanger Med Special Agency complementing the existing operations at APM Terminals Tangier at Tanger-Med 1, which opened in APM Terminals completed the acquisition of Grup Maritim TCB s terminal and intermodal services portfolio representing operations in Barcelona, Castellon, Gijon and Valencia, Spain; Yucatan, Mexico; Buenaventura, Colombia; Paranagua, Brazil; and a new terminal in development at Quetzal, Guatemala. APM Terminals Buenos Aires, operator of the Terminal 4 facility in Argentina s primary port, was named winner of the first annual Innovation in Safety Award, by ICHCA International, the independent organization dedicated to improving the safety, productivity and efficiency of cargo handling and transportation. February 2016 The opening of the new 8.5 km (5.2 mile) access channel directly linking the East Port Said port complex to the Mediterranean Sea has eliminated the need for vessels heading to the Suez Canal Container Terminal (SCCT) to wait between vessel convoys transiting the canal before entering the port complex. The access channel, which began construction in August 2015, has been dredged to a depth of 18.5 meters (61 feet) to accommodate ULCS traffic to the terminal. APM Terminals Pipavav welcomed arrival of a Ro/ Ro a cargo of 800 passenger cars loaded at the Port of Chennai on February 5th, in a pioneering use of economical and environmentally-friendly coastal transportation of Indian-manufactured automobiles. 8

9 APM Terminals recent milestones (continued) January 2016 APM Terminals and Colombian-based port and terminal operating company, Compañia de Puertos Asociados S.A. (Compas S.A.) finalized the incorporation of Cartagena Container Terminal Operator (CCTO), a joint venture to manage and operate Compas S.A. s existing multipurpose facility in Cartagena, Colombia. APM Terminals will hold a 51% majority share in the operation, which includes annual throughput capacities of 250,000 TEUs and 1.5 million tons of general cargo. December 2015 APM Terminals Los Angeles Pier 400 received the largest container ship to call at a US port with the arrival of the 17,700 TEU capacity CMA CGM Benjamin Franklin on its maiden voyage from the Far East. The Port of Salalah, which is operated by APM Terminals, inaugurated a new deep-water General Cargo and Liquid Bulk Terminal, adding 20 million tons of dry cargo and six million tons of liquid bulk cargo annual handling capacity. November 2015 APM Terminals enters into a joint venture with Qingdao Port International for the newly developed Qingdao Port Dongjiakou Multi-Purpose Terminal. APM Terminals will hold a 20% share in the facility, which is part of the Qingdao Port complex, one of the world s busiest ports, ranking seventh globally handling a total of 468 million metric tons in The Dongjiakou Port area of Qingdao is set to become a national hub of Chinese bulk and energy cargos. With local Jordanian partner Kawar Group, APM Terminals officially opens the expanded Aqaba Logistics Village. The newly completed ALV Phase 2 facility includes 13,000 square meters (3.2 acres) of multi-purpose warehousing alongside 40,000 square meters (9.8 acres) of open yard. ALV Phase 2 has been designed to allow the flexibility of handling a wide variety of cargoes as regional and international trading patterns continue to evolve in the Middle East. ALV s two distribution center warehouses are located in close proximity to Aqaba Container Terminal (ACT), which is a joint venture 9

10 APM Terminals recent milestones (continued) between APM Terminals and the Aqaba Development Corporation, and is managed by APM Terminals. October 2015 APM Terminals was named Port Operator of the Year at the Lloyd s List 2015 Global Awards ceremony in London. APM Terminals Rotterdam Maasvlakte II set a new record for the Port of Rotterdam, loading 17,152 TEU onto the EEE-Class Madison Maersk. This operational record included stacking containers ten high above deck stowage aboard the 18,300 TEU capacity Ultra-Large Containership. September 2015 APM Terminals Pipavav handled its largest container ship, the 9,971 TEU capacity Maersk Saltoro, which at 299 meters in length, was the largest vessel ever to call Port Pipavav. 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

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. Morten Engelstoft Chief Executive Officer Keith Svendsen Chief Operating Officer Henrik Lundgaard Pedersen Chief Commercial Officer Katja Otten Chief Financial Officer Peder Sondergaard Chief Portfolio Officer Juliane Lenzner Head of Corporate Communications Igor van den Essen Vice President of Human Resources and Labor Relations Susanne Marston Vice President, General Counsel Kevin Furniss Vice President, Health, Safety, Security, Environment and Sustainability 11

12 2016 Financial results Highlights Revenue USD $4.17 billion Segment result after tax of USD $438 million Return on Invested Capital of 5.7% Invested capital of USD $7.96 billion 37.3 million TEU throughput (based on equity share) APM Terminals earned a profit of USD $438m (USD $654m) and an ROIC of 5.7% (10.9%) in Operating business generated a profit of USD $487m (USD $696m) and an ROIC of 8.6% (12.7%) while projects under implementation together with Grup Marítim TCB (TCB) had a loss of USD $49m (loss of USD $42m) stemming from start-up costs. In 2016 APM Terminals acquired eight out of 11 terminals from the Spanish Grup Marítim TCB s (TCB) port and rail interests. The acquisition added a combined 2 million in TEU equity-weighted volume to APM Terminals, expanding the network to 73 operating ports in 69 countries. As part of the TCB transaction, APM Terminals acquired the Terminal de Contenedores Quetzal (TCQ) in Guatemala. An investigation revealed irregularities dating back to before APM Terminals acquired the terminal, and APM Terminals has cooperated fully with the local authorities in clarifying and settling these. While still subject to Senate approval, a settlement of USD $43 million has been agreed. Concluding the TCB transaction with the three initially carved out terminals in Turkey and on the Canary Islands is subject to the fulfilment of certain conditions precedent, not all of which have been satisfied. APM Terminals launched a project to build a new five million TEU capacity terminal in Tangier, Morocco, which is scheduledto become operational in APM Terminals MedPort Tangier will have up to 2,000 meters of quay and will increase the Tangier Med complex s overall capacity to over nine million TEUs. APM Terminals initiated the first phase of an upgrading and expansion program for Port Elizabeth, New York, USA, for the terminal to handle larger vessels arriving through the widened Panama Canal. APM Terminals signed a contract to extend the reach of ten Ship-to-Shore (STS) cranes at Pier 400 Los Angeles, California, America s largest gateway port. The STS cranes will be able to accommodate Ultra-Large Container Ships of up to 20,000 TEU capacity. APM Terminals has concluded agreements with China COSCO Shipping Ports and Qingdao Port International Development to sell a minority share of the existing reefer terminal and the new terminal under construction in Vado, Italy. After completing the transaction, APM Terminals will retain a 50.1% share and will operate both terminals. Cash flow from operating activities was USD $819m (USD $874m). Cash flow used for capital expenditure was USD $1.5bn (USD $774m), mainly due to the TCB acquisition. APM Terminals volume in 2016 was 37.3m TEU (36.0m TEU), weighted by the share of equity in each terminal; 3.7% higher than 2015 mainly due to the TCB volumes. Adjusting for TCB as well as terminals divested in 2015, like-for-like volumes increased 1%, driven by hub terminals and terminals in North Asia and South East Asia. Invested capital USD million 0% 18.6% 14.3% 11.9% 12.2% 10% 7,967 6,177 5,933 6,177 60% % 5,495 ROIC % % 15.2% % 10.9% %

13 2016 Financial results (continued) APM Terminals container throughput:

14 APM Terminals awards 2017 Ghana Shippers Awards APM Terminals Ghana Ltd., which operates a bonded Inland Container Depot (ICD) at Ghana s primary port of Tema, was named the winner of the Port/Terminal category of the Ghana Shippers Awards 17. The award ceremony, in its first year, provides a platform to recognize individuals and companies that play a significant role in the growth and development of the industry while recognizing the key functions within the industry that promote growth and sustainability. State of Alabama Trade Excellence Award APM Terminals Mobile was one of eight Alabama businesses to be honored by Alabama Governor Robert Bentley for their achievements in promoting and facilitating the export goods and services from Alabama across the globe. Global Ports Forum Best Terminal in South Asia South Asia Gateway Terminals, at the Port of Colombo, Sri Lanka, was named Best Terminal in South Asia by the Global Ports Forum. APM Terminals holds a 33% share in SAGT Lloyds List Middle East and Indian Subcontinent Awards Logistics Excellence Award APM Terminals Inland Services, South Asia was named winner of the Logistics Excellence Award at the Lloyd s List Middle East and Indian Subcontinent Awards This award is in recognition of the shipping or logistics company that has worked with shippers not only to provide ocean transportation but a total logistics package with a full end to end supply management across both the sea and land sectors within Middle East and Indian Subcontinent. Nigerian Institute for Government, Research, Leadership and Technology Best Container Handling and Port Development Company of 2015 The West Africa Container Terminal, (WACT), at Onne Port, was named Nigeria s Best Container Handling and Port Development Company for 2015 by the Nigerian Institute for Government, Research, Leadership and Technology. The award was presented in recognition of WACT s achievements in setting new standards in productivity, investment and service delivery to container shipping customers in Nigeria. Pacific Maritime Association Safety Awards APM Terminals Pier 400 Los Angeles won the PMA Coast Accident Prevention Award in the category of Terminal Operations, Group A (for terminals with over one million man- hours worked annually), for the best Safety Performance achieved in 2015 in all operations at US West Coast ports. This marks the seventh out of the last nine years that APM Terminals Pier 400 Los Angeles has earned this distinction. The Los Angeles operations also won the Southern California Area Container Terminal Safety Award for Group A, in addition to receiving the Coast and Southern California Area awards for Three Year Incident Rate Reduction. APM Terminals Tacoma was awarded First Place in both the Washington Area and Coast-Wide Container Category C operations (100, ,999 man-hours hours annually). Workplace Safety and Health Award Aqaba Container Terminal (ACT), the Kingdom of Jordan s primary port, was named the winner of the 2014 Workplace Safety and Health Award by the Jordanian Social Security Corporation. The award was bestowed upon ACT for exceeding all health and safety standards and benchmarks established by the relevant Jordanian national authorities. ICHCA International Safety Innovation Award APM Terminals Buenos Aires, operator of the Terminal 4 facility in Argentina s primary port, was named winner of the first annual Innovation in Safety Award, by ICHCA International, the independent organization dedicated to improving the safety, productivity and efficiency of cargo handling and transportation All-India Maritime & Logistics Awards Container Terminal of the Year APM Terminals Mumbai was named the winner of the annual All-India Maritime & Logistics Container Terminal of the Year Award at the India Maritime & Logistics Awards 2015, marking the sixth consecutive year of earning this distinction. Lloyds List Middle East and Indian Subcontinent Awards Logistics Award APM Terminals Inland Services, South Asia was named the winner of the Logistics Award at the Lloyd s List Middle East and Indian Subcontinent Awards This award was in recognition of contributions to the shipping and trade industry and supply management solutions. Lloyd s List Global Awards 2015 Port Operator of the Year APM Terminals has once again been named the winner of the Lloyd s List Global Awards Port Operator Award at the annual London gala in October, in recognition of establishing new industry standards in the areas of productivity, investment in underserved markets, multi-ports, safety, inland services and innovation. 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. 14

15 APM Terminals awards (continued) 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 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. 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 15

16 APM Terminals awards (continued) 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. 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. 16