Maersk Investor Presentation Deck
Terminals & Towage - highlights Q1 2020
Margin improvements despite lower volumes
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Gateway terminals volumes declined 1.6% (declined 2.0% like-
for-like), as volume in North America decreased by 15%, due to
COVID-19 impacts and high tariff-preponement related
volumes in Q1 2019 in Los Angeles, while volume in Asia
decreased by 6.0% related to Yokohama.
Latin American volume increased 13% from ramp up of Moin.
Volumes from external customers decreased by 0.2%, while
volumes from Ocean decreased 4.4%.
Utilisation decreased 8.6%-points due to lower volumes and
further increase in capacity in Moin and Port Elizabeth.
Revenue per move was mainly driven by lower storage income
in West African terminals, while cost per move was driven by
operational challenges in Port Elizabeth in Q1 2019.
In Towage the Harbour towage activities increased driven by
increased activity in Europe, partly offset by challenges in
Australia following the bushfires.
Q1 2020 interim report
Like-for-like throughput declined
2.0% (-0.2% from external
customers and -5.4% from
Ocean)
Revenue per move decreased by
4.2% to USD 267 (USD 279), adj.
for FX, etc. it decreased by 1.1%
Harbour towage activities grew by
9.6%
Utilisation declined by 8.6%-points
to 70% (79%)
Cost per move decreased by 3.5%
to USD 233 (USD 241), adj. for FX,
etc. it decreased by 0.9%
Terminal towage annualised
EBITDA per tug increased 18%
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