Third Quarter 2021 Trade Volumes

Napier Port (NZX.NPH) today releases trade volume data for the third quarter and nine months ended 30 June 2021. Compared to the third quarter in 2020, trade volumes increased by 61.8% for bulk cargo, led by log exports. Containerised cargo volume increased by 8.3% due to wood pulp and timber and empty container increases. Napier Port Chief Executive Todd Dawson said: 'Log export volumes for June 2021 and for the quarter were the highest on record. Strong, sustained offshore demand for New Zealand wood is driving significant growth in the volume of logs exported by our customers. 'Container volumes are ahead of last year's COVID-19 Alert Level 4 lockdown affected volumes, which is also very pleasing given the ongoing disruption to ship calls due to global shipping congestion and adverse weather events.' Container Services Total container volumes for the third quarter of 80k TEU increased 8.3% from 74k TEU in the same period a year ago due to increased volumes of wood pulp and timber exported and empty containers that were repositioned to Napier Port later than the prior year. For the nine months to June, total container volumes of 215k TEU increased 2.8% from 210k TEU in the prior period. Full container volumes (i.e. excluding empties and other container movements) increased 0.9%, and empty and other container movements increased 5.4%. Wood pulp and timber exports for the third quarter, which increased by 21.3% on the same period a year ago, have continued to be affected by shipping schedule disruptions and shipping capacity constraints. The prior comparative period volume was also negatively affected by COVID-19 when non-essential cargo ceased to enter the Port during the Alert Level 4 lockdown period from 25 March to 27 April 2020. Reefer export cargo for the nine months increased 1.4% to 45k TEU. The increase was driven by higher volumes of export meat and other fresh and chilled produce offset by containerised apples which decreased 4.8% to 19k TEU. Other container movements for the nine months, including DLRs and transhipped containers, increased 68.3% to 14k TEU due to increased transhipment activity related to the supply chain disruptions. Container vessel calls for the nine months were down to 191 ships from 223 ships in the same period last year, due to ongoing disruptions to shipping schedules and some days of restricted shipping due to weather events during the third quarter. Bulk Cargo Bulk cargo total volume for the third quarter of 1.02 million tonnes was 61.8% higher than the same period a year ago. Log export volumes for the quarter of 0.82 million tonnes increased 75.6% due to sustained strong log export market conditions. For the nine month period to June, log export volumes of 2.24 million tonnes were 36.1% higher than the same period a year ago, and total bulk cargo 29.7% higher. In the prior year period, bulk cargo volumes were negatively affected by the cessation of forest harvesting during the COVID-19 Alert Level 4 lockdown period. Charter vessel calls increased to 256 from 223 in the same nine month period a year ago, as a result of the increase in bulk cargo volume. Cruise Services No cruise vessels have called during the nine months due to the closed international border. In the same period of the prior year 76 cruise ships called at Napier Port. Napier Port notes that it intends to provide a further interim update to the NZX market regarding our June quarter trading results on 25 August 2021. Please refer to the attached document for Napier Port's Third Quarter 2021 Trade Volume Data. 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 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/ End CA:00375418 For:NPH Type:MKTUPDTE Time:2021-07-09 12:49:20