Investor Presentaiton
Q1 Update Financials
STRONG START TO Q1 AHEAD OF INTERNAL EXPECTATIONS
Q1 PERFORMANCE
HIGHLIGHTS
Qube has experienced a strong start to FY23, with continued high volumes and margin
improvement across most parts of its business. Underlying revenue, earnings and margins
were ahead of Qube's internal expectations at the end of Q1.
This was particularly pleasing as it was achieved despite some adverse weather in the
period, continued weakness in forestry export volumes from New Zealand, and the ongoing
impact from some of the other challenges that affected the FY22 results.
Key highlights from Q1 include:
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High volumes across most activities resulting in overall margin improvement
Continued strength in container related activities (QL&I and Patrick)
Very high access and storage volumes of vehicle, Ro Ro and general cargo.
volumes
Very strong contribution from agri related activities
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Solid contribution from energy activities
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Steady volumes across resources activities
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Continued weakness in forestry volumes (although some improvement expected in
late FY23)
QUBE
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