First Quarter 2021 Trade Volumes

Napier Port (NZX.NPH) today releases trade volume data for the first quarter ended 31 December 2020. Compared to the same period in the prior year, trade volumes increased 8.2% for bulk cargo led by growth in log exports. Containerised cargo decreased 3.9% due to lower empty container volume diluting the positive regional economic activity and overall growth in underlying containerised cargo volume shipped through Napier Port. Container Services Total container volumes decreased by 3.9% to 57k TEU from 60k TEU in the same period a year ago. Underlying cargo laden, or 'full', container volumes (i.e. excluding empties and other container movements) increased 2.6% whilst total empty and other container movement container volumes decreased 11.5%. Dry export cargo reduced by 3.1% to 18k TEU from 19k TEU in the same period a year ago. Wood pulp and timber fell due to exporters' plant maintenance and shut downs reducing pulp volumes presented for export at Napier Port. Reefer export cargo increased by 22.3% to 6k TEU from 5k TEU in the same period a year ago largely due to increased meat export volumes. Imported empty containers decreased by 21.5% reflecting container supply chain issues with shipping and port congestion and general constrained availability of empty containers for repositioning to export locations such as Napier Port. The prior year period saw relatively early positioning of empty containers into the region in advance of the peak primary produce export season from Hawke's Bay. Other container movements, including DLRs and transhipped containers, increased by 2k TEU, or 89%, to 5k TEU due to increased transhipment activity in the quarter. Container vessel calls were down to 65 ships from 74 ships in the prior year due to continued shipping service schedule disruptions largely caused by continued supply chain congestion regionally and globally. Bulk Cargo Total Bulk Cargo volume of 0.95 million tonnes was 8.2% more than the same period in the prior year. Log export volumes increased 4.3% due to positive log export market conditions. Bulk import volume was higher than the prior year due to increased volumes of oil products, cement and general cargo imports. Charter vessel calls were 82, in line with the prior comparative period. Cruise Services No cruise vessels have called during the first quarter compared to 23 calls in the same period of the prior year. No cruise calls are expected during the 2020/2021 season. Chief Executive Todd Dawson said: "We are pleased with the first quarter trade volumes, which indicate the recovery is continuing across our regional primary sector trade base. The bounce back we saw in log exports in the last quarter of our 2020 financial year has been sustained and complemented by strong quarterly volume in our other bulk cargo trades as a result of robust regional economic activity. "Underlying containerised cargo volume, particularly increased meat exports, has also demonstrated growth in the quarter. "Total container volumes are down and reflective of the current challenges with global supply chain movements and the availability of empty containers, which remains an area of focus as we approach our peak produce export season". Further information is included within the attachment. ENDS For more information: Investors- Kristen Lie Chief Financial Officer DDI +64 6 833 4405 E: kristenl@napierport.co.nz Media- Jo-Ann Young Communications Manager C: +64 27 214 3750 E: jo-anny@napierport.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/ End CA:00366289 For:NPH Type:MKTUPDTE Time:2021-01-15 14:03:36