ACTIVITY

The overall traffic handled by Marsa Maroc and its subsidiaries at the end of December 2021, amounted to 47.2 MT, up by 32.4% compared to the same period of 2020. This volume includes 9.8 MT of traffic handled by the subsidiary Tanger Alliance, which started its activity on January 1st, 2021. Excluding the contribution of Tanger Alliance, the traffic has grown by 5% over the last 12 months.

Thislevelofactivityresultsfromtheevolutionofthefollowingmainelements:

  • gateway containers traffic increased by 13% compared to the same period of 2020, reaching a volume of 1 040 thousand TEUs. Transhipment containers traffic carried out by Tanger Alliance in 2021, amounted to 866 thousand TEUs.
  • bulkandconventionaltrafficreachedavolumeof27.3MT,up4%compared to the same period of the previous year justified mainly by the recovery of hydrocarbon traffic.

ConsolidatedrevenueamountedtoMAD 3,592millionatDecember31st, 2021, up 30% compared to MAD 2,757 million revenue achieved during the same period of 2020.

  INVESTMENT

Consolidated investments made by the Group at the end of September 2021, amounted to MAD 683 million compared to MAD 455 million at the same period in 2020. These investments mainly concern the acquisition of new equipment.

  DEBT

The Group's net debt at the end of December 2021, amounted to MAD 1 028 million. It is made up of MAD 2 642 million of financing debt and MAD 1 614 million of cash. Financing debts have increased compared to December 31st, 2020, following the drawing of MAD 1 254 million made by Tanger Alliance on its long-term credit during the first quarter of 2021.

(*) : Figures not audited at the date of publication.

Financial Communication

FOURTH QUARTER 2021 INDICATORS

CONSOLIDATED TRAFFIC (MT)

47.2

35.7

12.5

8.5

+32.4%+47.1%

2020

2021

Q4-2020

Q4-2021

CONSOLIDATED REVENUE (MAD MILLION)

2 757

3 592

942

667

+30.3%

+41.2%

2020*

2021*

Q4-2020

Q4-2021*

CONSOLIDATED NET DEBT (MAD MILLION)

1 028

757

+35.8%

Q4-2020Q4-2021*

Marsa Maroc - Public limited company with Supervisory Board and Executive Board Head office : 175, Bd Zerktouni. Casablanca.

Tel. : 0522 23 23 24 - Fax : 0522 23 23 35

Website : www.marsamaroc.co.ma

Financial communication contact :

Email : investisseurs@marsamaroc.co.ma

Tel. : 0522 77 67 84 / 94

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Marsa Maroc SA published this content on 28 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2022 11:42:10 UTC.