Investor Presentaiton
Transportation: Q2 2023/24
Port Business (South Asia Gateway Terminal)
Q2 Earnings Update:
John
Keells
Group
Volumes
(TEUS)
2022/23
2023/24
Q2
Q3
SAGT
Q4
439,605 416,381 408,261
Q1
445,515
Q2
482,255
Domestic:
Transshipment
12:88
13:87
13:87
10:90
10:90
volume mix
Bunkering Business (Lanka Marine Services)
2022/23
2023/24
LMS (%)
Q2
Q3
Q4
Q1
Q2*
YoY volume
(2)
(8)
(0)
(19)
growth
(25)
*Excluding the fuel sales to local industries which was permitted by the Government in Q2
2022/23, the YoY volume decline for Q2 2023/24 is 11%.
(Rs. mn)
Q2
2023/24
Q2
2022/23
1,700
3,035
EBITDA
In Q2 of 2022/23, LMS recorded a substantial
increase in profitability driven by high
margins on account of the significant increase
in global fuel oil prices. In addition, volumes
included fuel sales to local industries.
Whilst LMS recorded higher margins during
Q2 2023/24, a decline in volumes impacted
overall profitability.
SAGT recorded a volume growth of 10%,
surpassing the volume growth at the Port of
Colombo of 8%. However, in addition to the
impact of the appreciation of the Sri Lankan
Rupee against the US Dollar, profitability was
lower due to a change in the volume mix due
to a decline in domestic import volumes,
while ancillary revenues declined from the
peak levels witnessed last year.
12View entire presentation