Earnings Per Share 16.00 14.82 14.00 12.00 11.46 10.00 Cents - PowerPoint PPT Presentation

Earnings Per Share 16.00 14.82 14.00 12.00 11.46 10.00 Cents per share 8.00 7.60 6.00 6.31 4.00 2.00 - 2008/09 2009/10 2010/11 2011/12 * Excludes sale of assets and revaluation on investment property

Dividends Paid 9.00 8.50 8.00 7.00 6.50 6.00 Cents per share 5.00 5.50 5.50 4.00 3.00 2.00 1.00 - 2008/09 2009/10 2010/11 2011/12 * Excludes 12c special dividend paid 2008/09

Normalised EBITDA 14.0 12.0 Total 10.0 Northport 8.0 Coolstores Stevedoring $m 6.0 Property 4.0 Corporate 2.0 0.0 -2.0 * Total EBITDA incorporates EBITDA separately derived by associates 2008/09 2009/10 2010/11 2011/12 * Total EBITDA incorporates EBITDA separately derived by associates

 Northern most multi purpose deep water port in NZ  Closest port to the majority of international markets  48 ha facility (34 ha paved)  3 cargo berths provide total wharf length of 570 metres  13 metres draft available at berths 1 and 2  14.5 metres draft at berth 3  Consent for a fourth berth  Potential to expand to a fifth berth

 Cargo throughput 2011/12 – 2.728 million tonnes  Projected volume for 2012/13 – 2.9 million tonnes  2012/13 ship calls – 215 (2010/11 – 227)

Northport Cargo Volumes 3.0 2.5 2.0 Other Trades Tonnes(m) Other Forestry Logs 1.5 1.0 0.5 0.0 2008/09 2009/10 2010/11 2011/12