Napier Port Reinstates FY23 Earnings Guidance

NZX AND MEDIA RELEASE
20 July 2023
Napier Port reinstates FY23 earnings guidance
Napier Port (NZX.NPH) today reinstates earnings guidance for the financial year ended 30 September
2023.
Napier Port expects to report an unaudited underlying result from operations for the nine months to 30
June 2023 of $29.1 million, down from the $29.8 million reported for the same period in the prior year.
In addition, Napier Port expects an underlying result from operations for the full financial year to 30
September 2023 of between $34.5 million and $36.5 million.
This guidance assumes normal and uninterrupted operating conditions for the remainder of the financial
year.
To date Napier Port has lodged and received acknowledgement of an interim material damage and
business interruption insurance claim related to losses following the Cyclone Gabrielle event earlier in
the year, but has not yet received any proceeds. The nine-month unaudited underlying result from
operations and full financial year guidance provided exclude any insurance recoveries.
The Company will provide a further update on 16 August 2023 with the release of its nine-month interim
financial results.

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


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. View Napier Port’s investor centre: www.napierport.co.nz/investor-centre/