Investor Presentaiton
Scenario 1 (Base Case) - Port Business Segment (Cargo Volumes Forecasts)
Key Assumptions:
Israel's cargo growth largely in line with the historic trend
(3.5% for containers and 4% for bulk & general)
Given the commissioning of a new container terminal at
Haifa Port by SIPG, HPC's container market share
assumed to decline from 47% in 2021 to 39% in 2022 and
35% in 2023; with some recovery thereafter (HPC's share
in the initial five months of 2022 is at 43%)
With the concession period of Gadot grain terminal
coming to an end in 2027, HPC's share in Israel's bulk &
general cargo volumes is estimated to grow from 16% in
2021 to 37% in 2027 (HPC's volumes have jumped 23% y-
o-y in 2021 and 30% y-o-y in the initial 5 months of 2022)
With HPC's cargo volumes growing at a CAGR of 5%
during 2021-27, company's overall market share^ is
estimated to be marginally higher than the 2021 level
Total capex for port business during 2023-28 is
estimated at NIS 1.1 Bn, primarily for the construction of
Eastern Terminal, upgradation of Bulk terminal and port
modernization
"Market share calculated only based on total container, bulk & general cargo of Israel
20
adani
Ports and
Logistics
HPC Cargo Volumes
35
60%
47%
48%
47%
50%
30
39%
40%
40%
40%
25
12.6
7.8
30%
20%
15
2.3
2.1
2.6
3.2
10%
10
18.0
0%
13.7
14.6
14.6
15.2
12.4
5
-10%
0
-20%
2019
2020
2022
2027
2032
Containers
Market share % (containers)
2021
Bulk & General Cargo
HPC's share in Israel's cargo^
43%
80
45%
70
39%
38%
71
40%
37%
60
36%
59
50
35%
50
40
47
45
42
30%
30
31%
31
20
23
25%
10
16
17
17
16
0
20%
2019
2020
2021
2022
2027
2032
Israel (LHS)
HPC (LHS)
HPC % share (RHS)
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