Update on Impact of Cyclone Gabrielle

NZX RELEASE
20 FEBRUARY 2023

Update on Impact of Cyclone Gabrielle
Napier Port (NZX.NPH), the freight gateway for the central and lower North Island, reopened for partial
operations last Thursday, following only minor damage to port operating assets.
Chief Executive Mr Dawson said Napier Port extends its care and support to everyone affected. He said
Napier Port was relieved that all of its people were safe, however some had been significantly impacted,
and its culture of looking after each other had kicked in and this extended to the wider community.
Mains power to critical port infrastructure has been reinstated today allowing us to work towards full cargo
operations, including acceptance of refrigerated (‘reefer’) containerised cargo.
As noted earlier, damage to regional and national land transport infrastructure is limiting access to the port,
however there has been increased road access opening up locally including to the south via SH2 and
SH51. Our shipping and marine operations have recommenced under restricted conditions until further
shipping channel surveying has been completed.
Napier Port Chief Executive Todd Dawson says: “We note the considerable damage to regional primary
industries including horticulture, agriculture and forestry. Pan Pac, a significant cargo supplier of pulp,
timber and logs for export, has sustained significant damage to its plant in Whirinaki and will not have pulp
or timber production for an extended period. We are working closely with cargo owners to overcome local
logistical bottlenecks and ensure they retain access to regional and global markets. WPI, another
significant supplier of wood products, had cargo arrive on port today from the central North Island.
“At present we are unable to quantify the impact on regional business and the trade across Napier Port’s
wharves. However, it is clear that the storm will impact trade volumes particularly in the fresh produce
sectors. We will update the market as we gain greater visibility on the outlook for regional seaborne trade.”
Napier Port holds business interruption insurance that is expected to provide a level of mitigation against
the adverse trade effects of Cyclone Gabrielle. Napier Port is consulting with its insurance broker regarding
how its insurance policies will respond to these adverse effects.

ENDS

For more information:

Investors Media
Kristen Lie Jo-Ann Young
Chief Financial Officer Corporate Affairs Manager
DDI: +64 6 833 4405 DDI: +64 6 833 4521
E: kristenl@napierport.co.nz E: jo-anny@napierport.co.nz

Richard Inder
The Project
DDI: + 64 21 645 643
E: richard@theproject.co.nz

About Napier Port

Napier Port is New Zealand’s fourth largest port by container volume. We are the gateway for Hawke’s
Bay and lower North Island’s 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.