Investor Relations
Site Visit to Rio Grande Container Terminal
25 OCTOBER 2023
Only Container Terminal in the State of Rio Grande do Sul
World-class infrastructure with the most extensive backyard area in the country, authorised to serve New Panamax ships.
1.4M TEU/year
Handling Capacity
Santa Clara Terminal (TSC)
577k TEU | 900 m | 9 STSs | 15 m | 735k m2 | R$252M (55%) | ||
Volume (Jun-23 LTM) | Quay Length | Quay Cranes | Draft | Total Area | EBITDA Jun-23 LTM | ||
and Margin(2) | Rio Grande | ||||||
do Sul GDP | |||||||
2022: | |||||||
EXTERNAL | US$115B(1) | ||||||
CONTAINER | |||||||
YARD | |||||||
RAILWAY |
CONNECTION |
AREA AVAILABLE
FOR EXPANSION
(PART OF TRG LEASE)
ADDITIONAL AREA
AVAILABLE FOR
EXPANSION
Sources: Company Information; Brazilian Institute of Geography and Statistics (IBGE); International Monetary Fund (IMF) | 2 |
Notes: (1) Considers average FX rate of R$5.16 as of 2022; (2) IFRS excluding non-transactional corporate apportionment |
TRG has a Privileged Position in the South of Brazil
Only option for containerised cargo in the state with an attractive hinterland and excellent connectivity.
Diversified Hinterland Captured by the Terminal | ||||
Waterway | Railway | |||
Paraná River | ||||
Argentina | ||||
TSC | ||||
BR-116 Highway | ||||
Rosário | TRG | |||
Uruguay | ||||
Zárate | Highway | |||
Legend | Railway | Attractive Hinterland | Excellent Connectivity | |
Montevideo | Waterway | Only dedicated terminal in the state, capturing a | Double-lane highway, railway access and inland | |
Buenos Aires | diversified and growing cargo base | navigation via Lagoa dos Patos |
Sources: Company Information
3
TSC Significantly Expands TRG Hinterland to Important Areas of Rio Grande do Sul and Santa Catarina
Installed infrastructure to support future growth via additional and/or larger barges.
TSC's Infrastructure
Location of TSC and Triunfo Petrochemical Complex
TRIUNFO
PETROCHEMICAL
COMPLEX
Premium Solution
- Door-to-portsolution
- Four weekly calls
- Multimodal transport integration
- Reduced logistics costs
- Improved cargo safety
- Lower GHG(1) emissions
Capacity Increase with
Low Investment
- Increase from 4 to 6 weekly calls with a third barge
- Increase barge capacity by replacing existing vessels with larger ones
TSC |
TSC is within Porto Alegre Metro
Area, the state capital
Source: Company Information | 4 |
Notes: (1) Greenhouse Gas (GHG) |
TRG External Container Yard
Own Property
The external container yard is strategically located only 2.8 km from the terminal.
4,000 TEU
Storage Capacity
1,540 m2
Warehouse Area
30,000 m2
Paved Area
60,000 m2
Total Area
Container Stuffing
External
Container Yard
~2.8 km
TRG |
Source: Company Information
5
Worldwide Connectivity to a Diversified and Solid Client Base
TRG captures cargo from important hinterlands in southern Brazil as well as transshipment volumes from nearby countries.
Volume Profile(1) | |||||||
Shipping Line Services Calling TRG | Exceptional | ||||||
Connectivity | |||||||
NEUR | |||||||
WCNA | ECNA | MED | |||||
FEAS | |||||||
USGC | WAFR | ME | |||||
ECSA | |||||||
WCSA | AFRES | ||||||
ANZ | |||||||
11 direct lines | indirect services | ||||||
Volume by Trade Flow | Volume by Origin/Destination | ||||||
(TEU, 2022) | (TEU, deep-sea and full containers, 2022) | ||||||
USGC | Others | ||||||
(2) | 6% | 9% | FEAS/ME | ||||
Empty | Exports | ||||||
34% | ECSA/WCSA | 36% | |||||
544k | 31% | ||||||
7% | |||||||
TEU | MED | ||||||
10% | |||||||
Inland | TS (3) | Imports | |||||
Navigation | 11% | ECNA/WCNA | NEUR | ||||
4% | 11% | Cabotage | 10% | ||||
23% | |||||||
8% | |||||||
Revenue Profile | ||
(R$ M, 2022) | ||
Liners | Shippers | |
48% | 52% | |
Sources: Company Information; Datamar | Notes: (1) FEAS (Far East Asia), NEUR (North Europe), ECNA (East Coast North America), WCNA (West Coast North America); USGC (US Gulf Coast), ECSA (East Coast South | |
America), WCSA (West Coast South America), MED (Mediterranean), AFRES (South-East Africa), WAFR (West Africa), ME (Middle-East), and ANZ (Australia and New Zealand); (2) Except transshipment; (3) Transshipment | 6 |
(TS), includes shifting (full + empty) |
Growth Strategy
Multiple growth prospects underpinning sustainable long-term value creation.
1
Post-Covid Normalisation
2
Plate Transshipment
3
Industrial Development
4
Containerisation
5
Expansion Projects
Source: Company Information
7
1 TRG Recent Operational Performance
TRG is recovering its cargo volume and shows great prospects going forward.
Ship Call Cancellations
(#)
2019 | 2022 | 2023 | |||
32 | 38 | ||||
7 | 11 | 10 | |||
4 | |||||
1Q19 | 2Q19 | 1Q22 | 2Q22 | 1Q23 | 2Q23 |
Cancellations decreased dramatically in 2023, but there is more to go.
Empty Container Volume(1)
('000 TEU)
117 | 118 | |
-13.8% | 101 | +16.7% |
6M19 | 6M22 | 6M23 |
Empty container volume has already recovered to pre-pandemic levels.
Relevant Commodity Exports
('000 TEU)
38.8 | ||||||
4.0 | ||||||
-31.7% | +19.1% | 31.6 | ||||
4.3 | ||||||
2.3 | ||||||
26.5 | 4.9 | |||||
10.5 | 1.6 | |||||
+19.0% | ||||||
4.1 | ||||||
-49.9% | +42.6% | 7.5 | ||||
5.3 | ||||||
19.9 | 16.9 | |||||
15.6 | ||||||
-22.0% | +8.5% | |||||
6M19 | 6M22 | 6M23 | ||||
Tobacco | Wood | Pork Rice |
- Shipping cost is an important factor for commodities
- Since COVID-19, part of the cargo stayed in RS, part migrated to breakbulk or road transportation, and part went to other terminals which are not economically viable in the long term due to distance(2)
Cargo is already returning due to greater availability of empties.
Source: Company Information | 8 |
Notes: (1) Does not consider transshipment and shifting; (2) Average distance of ~900 km from the following competitors to TRG, considering Itajaí-Navegantes (861 km), Itapoá (998 km) and Paranaguá (1,045 km) |
2 Plate Transshipment Strategy
Maritime Access Restriction is a Significant Bottleneck for Plate Region Ports
TRG is well positioned to capture a relevant share of transshipment volume due to draft restrictions in the Plate region ports. Major liners have reinforced their feeder strategy and announced plans to serve ECSA with New Panamax ships.
PRY | BRA |
Asunción | Santos ✓ |
Paranaguá ✓ | ||
Corrientes | Paraná | Itapoá |
Navegantes | ||
River | ||
ARG |
Current Port Draft and Largest Ship Size Supported(2)
(metres)
R. Grande | Santos | Paranaguá | Itapoá | Navegantes | B. Aires | Montevideo |
Plate
Region
Overview
Rosário | URY | Rio Grande ✓ | |||||||||||||
Zárate | |||||||||||||||
Montevideo | |||||||||||||||
Buenos Aires | |||||||||||||||
Mar del Plata | Plate region ports | ||||||||||||||
Bahía Blanca | handled c. 2.0M | ||||||||||||||
TEU in 2022(4) | |||||||||||||||
Puerto Madryn | URUGUAY | ||||||||||||||
Paraná River | |||||||||||||||
Zárate | |||||||||||||||
12.5
13.5
15.0
15.0
14.5
13.0
12.8
10.0
10.7
Panamax: 5,000 TEU | 250m
12.7
Post-Panamax: 8,000 TEU | 285m
New Panamax: 12,500 TEU | 366m
Puerto Deseado | 4% | 33% | ||
Montevideo | ||||
Buenos Aires | La Plata | |||
River | (A) |
Opportunity to Increase Terminal Profitability
World TEU Capacity(3) (M TEU)
Legend
Ports homologated ✓ to receive New
Panamax vessels
- TEU share of the Plate region
63% | (B) | |||
Pontón | ||||
Recalada(1) | ||||
ARGENTINA | Access Channel: | |||
Ushuaia | A: +40 km, 11.0 m | |||
B: +200 km, 9.8 m |
0.02% Mar del Plata
- ~50% of the orderbook comprises ships with capacities above 15k TEU
- Share of large vessels in total capacity will increase as older, smaller vessels are scrapped
34.6
27.57.2
Current Capacity | Orderbook | Future Capacity |
Sources: Company Information; Alphaliner; Datamar; Port Authorities | 9 |
Notes: (1) Pontón Prácticos Recalada is the pilot point for the La Plata River; (2) TEU capacity when fully loaded; (3) Data from July 2023; (4) Including empty containers |
3 Industrial Development in the Port of Rio Grande
The port zoning plan defines a significant area for industrial development.
Granel Química
BR-392
Petrobras
Yara
Bunge
Bianchini
Rocha
Temasa/Tegrasa
TRG
Gefco
Access Channel
Legend: | Available Areas | Public Areas | |
Reserved Areas | Preservation Areas | ||
Occupied Areas | Railway | ||
Source: Company Information, Rio Grande Port Authority (Portos RS); State of Rio Grande do Sul
- The Rio Grande do Sul industrial districts are regulated by the Cooperation Agreement No. 001/2020 from the state's industrial development programme (PROEDI).
- Law No. 15,646/2021 incentivises the acquisition of land to develop industrial, logistics and storage activities.
Existing Infrastructure
Enables the Development of
the Industrial Zone
- Road access
- Railway access
- Nearby thermal plant ensuring power supply
- Port access (container and bulk)
- Inland navigation
- Waterway access
- Skilled labour through 13 universities
10
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Wilson Sons Holdings Brasil SA published this content on 24 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2023 21:44:39 UTC.