NSW Ports Finance Co. Pty. Ltd

Overview Key strengths Key risks Entrenched position as the only container and car terminal port serving Sydney, the largest city in Australia. Exposed to economic conditions for trade volumes, particularly containers. Limited operating risk, given its landlord operating model. High capital expenditure of A$60 million-A$100 million per annum over the next two to three years. Limited exposure to volatile commodity sectors such as coal or agriculture. Debt-funded shareholder returns from time to time to manage the capital structure. We expect NSW Ports' container volumes to increase by 3%-5% annually over the next two to three years, supported by consumer demand. After a strong growth in motor vehicle imports in fiscal 2021 (ending June 30, 2021), some moderation is likely in

...Broader economic conditions and local demand will support trade revenue over the next one to two years. We expect NSW Ports' container volumes to increase by 3%-5% annually over the next two to three years, supported by consumer demand. After a strong growth in motor vehicle imports in fiscal 2021 (ending June 30, 2021), some moderation is likely in over the next 6 to 12 months, before resuming a growth trajectory. Bulk volumes recovery is likely to be supported by local demand, particularly as domestic and international travel resume, supporting jet and transport fuel demand....

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