Third Quarter 2020 Trade Volumes

NZX AND MEDIA RELEASE
15 July 2020
Napier Port third-quarter 2020 trade volumes
Napier Port (NZX.NPH) today releases trade volume data for the third quarter and nine months ended 30
June 2020 showing reductions in container and bulk cargo across its wharves as the result of COVID-19
disruptions.
Container Services
Total container volumes reduced by 17.4% to 74k TEU
1
from 90k TEU in the same quarter a year ago.
Export containers reduced by 7k TEU, or 15.0%, to 39k TEU and import containers reduced by 9k TEU,
or 21.4%, to 34k TEU.
Dry export cargo that was classified as ‘non-essential’ (and ceased to enter the port during the COVID-19
Alert Level 4), such as wood pulp and timber, wool, and paper products, reduced in the quarter by 6k
TEU, or 28.6%. Canned food and other food and beverage volumes were also lower.
Reefer export cargo such as apples, meat and other chilled produce were impacted to a lesser extent as
they were categorised as ‘essential cargo’ and therefore continued to ship during the lockdown period.
Apple and pear volumes reduced by 1k TEU, or 7.2%, from 17k TEU in the same quarter a year ago.
The reduction in containerised imports in the quarter arose from reduced empty containers imported as a
result of the early repositioning of empty containers into the region, as reported in the first half of the
financial year, and lower volumes of containerised exports.
Container vessel calls were down to 76 ships from 82 ships in the same quarter last year.
Bulk Cargo
Bulk Cargo total volume of 0.6 million tonnes was 24.2% less than the same quarter a year ago. Log
export volumes reduced 31.4% due to the cessation of harvesting in Alert Level 4. For the nine-month
period to June, log export volumes were down by 14.3% compared to the same period a year ago.
Charter vessel calls were 70 compared to 74 in the same period a year ago.
Cruise Services
As reported in our half-year report, our Cruise season was brought to an early end due to COVID-19 with
76 vessel calls.
Chief Executive Todd Dawson said: “Napier Port saw the impact of the COVID-19 Alert Level 4 lockdown
in the third quarter of the current financial year, with all but the cargo the Government deemed ‘essential’
reducing sharply in April. With the gradual lifting of restrictions from the end of that month we began to
see a recovery in cargo flows.
“While we have seen a steady ramp up in production in key export trades, volumes remain lower than the
prior comparative period with global economic uncertainty in the wake of the pandemic.
1
Twenty-foot container equivalent unit.

“We continue to engage with cargo owners to understand how COVID-19 trading conditions are affecting
them and the expected outlook to cargo volumes through Napier Port. As previously noted, we intend to
provide a further interim update to the NZX market regarding our June quarter trading results during
August. We expect at that time to update the market on full year earnings guidance.”
Napier Port Third-Quarter 2020 Trade Volume Data
The below trade volume data provides a summary of third quarter and nine-months to 30 June 2020
results compared to the prior periods.
Container Services
TEU (000s)^
Q3
FY2020
Actual
Q3
FY2019
Actual
9 Months
FY2020
Actual
9 Months
FY2019
Actual
Exports
Wood pulp & timber 9 1437 38
Canned food / other food & beverage 2 3 6 8
Other dry 3 4 9 11
Total dry14205156
Apples & pears 16 1720 21
Meat 4 413 13
Fresh & other chilled produce 4 411 11
Total reefer24 2544 45
Empty 1 13 3
Total exports39 4698 104
Imports
Dry 7 721 22
Reefer 1 13 2
Empty 26 3579 81
Total imports34 43103 106
Other container movements (‘DLRs
and Tranships’)
2 29 5
Total Container Services volume 74 90210 216
Vessels
Container ship calls 76 82 223 233
^Rounded to nearest thousand TEU

Bulk Cargo
Kilotonnes
Q3
FY2020
Actual
Q3
FY2019
Actual
9 Months
FY2020
Actual
9 Months
FY2019
Actual
Log exports 465 677 1,648 1,924
Other exports 33 38 114 133
Imports 131 114 464 496
Total Bulk Cargo volume 628 828 2,226 2,552
Vessels
Charter vessel calls 70 74223 241
Cruise Services
Q3
FY2020
Actual
Q3
FY2019
Actual
9 Months
FY2020
Actual
9 Months
FY2019
Actual
Vessels
Cruise vessel calls -4 76 70
ENDS
For more information:
InvestorsMedia
Kristen Lie Richard Inder
Chief Financial Officer The Project
DDI +64 6 833 4405 DD: 021 645643
E:kristenl@napierport.co.nz E:richard@theproject.co.nz
About Napier Port
Napier Port is New Zealand’s fourth largest port by container volume. We are the main gateway for Hawke’s Bay
exports and operate a long-term regional infrastructure asset that supports the regional economy. Our strategic
purpose is to collaborate with the people and organisations that have a stake in helping our region grow. View
Napier Port’s investor centre:www.napierport.co.nz/investor-centre/