Global Ports Holding Plc
Investor Presentation
A Business Transformed
April 2023
Global Ports Holding: A Snapshot
Americas | West Med | Central Med | East Med | |||||
Expected | 5.1m | 4.2m | 1.3m | 1.2m | ||||
FY 2024 PAX(1) | Kalundborg | |||||||
Prince Rupert | Tarragona | |||||||
Venice | ||||||||
Valencia | ||||||||
Barcelona | Cagliari | Zadar | ||||||
Vigo | Ege Port Kusadasi | |||||||
Lisbon | ||||||||
Malaga | Valletta Taranto | Bodrum | ||||||
Lanzarote Alicante | ||||||||
Las Palmas | Crotone | |||||||
La Goulette Catania | ||||||||
Fuerteventura | ||||||||
Nassau | Ha Long | |||||||
San Juan | ||||||||
Antigua | ||||||||
St Lucia | ||||||||
Singapore |
Assets in Portfolio
26 cruise ports
+1 in process of closing
+1 preferred bidder, concession negotiations ongoing
Targeting at least 28 by end of calendar year 2023
Passengers Served
c12m Consolidated portfolio PAX(1)
Close to 15m PAXs for total portfolio
Long-term concession
model
>20 years remaining
on concessions
Significant number of extension options available-
25 concessions & 1 management agreement
Competition
Majority of cruise ports currently Govt owned and operated
Rare to have two ports competing at same destination
Note: (1) FY 2024 expectations based on current call list
GPH: 20 Years of Success
2003-2013: "Origins"
- Founded in 2003
- Built successful track record operating multi-modal ports in Turkey
- Won, expanded and operated 3 internationally oriented facilities around the country
2014-2018:
"Global Expansion"
Establishing our
Global Presence
- Deploy expertise globally, win new concessions across Europe and Asia
-
2015: European Bank of Reconstruction & Development (EBRD) acquires ~11% ownership, supporting
GPH's global expansion(1) - GPH continues to follow EBRD environmental guidelines
- 2017 IPO on LSE
2019+:
"Maturity" Globally
Dominant Cruise
Infrastructure Platform
- Firmly established as world's dominant, geographically diversified cruise infrastructure portfolio
- Freshly invested, long term CPI linked concession portfolio
- Divested commodity-oriented ports businesses
- Emphasis on adding ancillary revenues such as port agency services at existing ports with the same cost base
The Future
- Ongoing cultivation, expansion, and diversification of GPH's global asset base.
- Selective addition of new ports to the network
3 Assets | 17 Assets | 26 Assets |
1 Country | 9 Countries | 15 Countries |
Continued growth potential
Note: (1) EBRD reduced share at IPO and exited fully shortly afterwards, as planned when making the investment, as EBRD's "mission" was completed with the IPO
Proven and Dynamic Management Team
Experienced and dynamic management with deep understanding of the cruise industry, a wealth of experience in operating and commercializing ports and strong relationships across the cruise industry
Mehmet Kutman | Jan Fomferra | |
Chairman & CEO | Chief Financial Officer | |
Stephen Xuerub | Ece Gursoy |
Chief Operating Officer & | Chief Legal Officer |
Regional Director Central Med
Regional Directors
Javier Rodriguez
Regional Director West Med
• | Co-founder and | • | Appointed Chief |
Chairman of Global Ports | Financial Officer of | ||
Holding | Global Ports Holding in | ||
• | Was appointed as Chief | • | 2020 |
Executive Officer in 2022 | Former Director of | ||
• | Prior to founding Global | Corporate Finance at | |
Group in 1990, Project | Global Investment | ||
Holding | |||
Manager at Net Holding | |||
• | |||
A.Ş., Vice President of | Previous experience in | ||
North Carolina National | corporate finance at | ||
Bank, Sexton Roses Inc. | IEG, Fresenius VAMED | ||
and Philip Bush & | and the Deutsche Bahn | ||
Associates. | AG. | ||
• | BA (Hons.) degree from | • | MSc of Business |
Boğaziçi University and | Administration & | ||
an MBA degree from the | Management from ESCP | ||
University of Texas. | Europe. |
- Appointed as COO of Global Ports Holding in August 2016
- Over 20 years senior management experience, 14 of which in the cruise industry
- Served as CEO and CFO of Valletta Cruise Port
- Fellow of the Chartered Institute of Accountants and a Henley MBA graduate
- Appointed as CLO in 2018
- Wealth of experience in project finance, infrastructure and private equity
-
Recognised by the Legal 500 Awards in 2016 and 2017; and by The Lawyer magazine in its list of
'Hot 100' 2018.
Mike Maura
Regional Director Caribbean
Aziz Gungor
Regional Director East Med
4
Brief introduction to Cruise Industry
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Disclaimer
Global Ports Holding plc published this content on 18 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 April 2023 13:47:10 UTC.