jaxport 1 jaxPort FACILITIES JIA DAMES POINT MARINE TERMINAL - PowerPoint PPT Presentation

jaxport 1

jaxPort FACILITIES JIA DAMES POINT MARINE TERMINAL Ictf (rail) Ictf (rail) Cruise terminal BLOUNT ISLAND MARINE TERMINAL CSX NS TALLEYRAND MARINE TERMINAL FEC First Coast Expressway 2

jaxPort Overview MISSION The mission of JAXPORT is to create jobs and opportunity by offering the most competitive environment for the movement of cargo and people. 7-MEMBER GOVERNING BOARD 4 Members appointed by Jacksonville Mayor + 3 Members appointed by Florida Governor JOHN FALCONETTI – Chairman JOHN BAKER – Vice Chairman JAMIE SHELTON – Treasurer WENDY HAMILTON – Secretary ED FLEMING – Immediate Past Chairman DR. JOHN NEWMAN – Member J. PALMER CLARKSON – Member 3

Executive leadership team FRED KRISTEN ERIC BETH LINDA WONG DeMARCO GREEN McCAGUE WILLIAMS COO CCO CEO CFO CAO 4

JAXPORT VIDEO 5

LANDLORD PORT 6

Creating jobs and opportunity 24k Northeast Florida Jobs 133K State of Florida Jobs 7

Strategic initiatives FINANCIAL STRENGTH HARBOR DEEPENING NEW CONTAINER TERMINAL AT BLOUNT ISLAND PERSONNEL DEVELOPMENT FACILITIES & SECURITY BUSINESS DEVELOPMENT 8

STRATEGIC PRIORITY FINANCIAL STRENGTH 9

BALANCE SHEET HIGHLIGHTS ASSETS Cash and Current Assets $35.3M Net Capital Assets (Held for Lease) $736.0M “A Stable” All Other Assets $40.1M TOTAL ASSETS $811.4M RATING LIABILITIES Current Liabilities $30.3M Bonds and Notes Payable $230.4M All Other Liabilities $158.0M “A2 Stable” TOTAL LIABILITIES $418.7M RATING NET POSITION $392.7M 10

FINANCIAL KEY STATISTICS FY18 Cash Flow Statement Highlights: INFLOWS: Net Cash Flow from Operations (PAYGO) $8.0M TO FUND Grants from FDOT $20.4M CAPITAL Shared Revenue (COJ) $2.8M PROJECTS New Debt Issued $77.2M OUTFLOWS: Debt Service ($20.4M) Capital Projects Expenditures ($84.2M) 11

INCOME STATEMENT HIGHLIGHTS Revenues $68M Expenses: Salaries and Benefits $16.5M Services & Supplies $4.7M Security Services $4.5M Berth Maintenance Dredging $7.7M Repairs & Maintenance $2.4M Utilities $1.1M All other $1.4M TOTAL EXPENSES $38.3M $ 20.5M Debt Service All Other Expenses $2.1M Shared Revenue from COJ $2.8M Funds for PAYGO and PAYGO carryover $9.9M 12

Cargo revenue fy18 6% Other 52% IMPORT 8% Cruise 48% EXPORT 11% Bulk 25% Auto 50% Container 13

Tenant agreements TOTAL MAG 5 AUTO $7,471,322 CONTAINER 6 $15,398,318 BREAKBULK 2 $3,220,078 1 LIQUID BULK $261,654 DRY BULK 2 $1,723,781 CRUISE 1 $3,277,255 8 OTHER $295,339 TOTAL 25 $31,647,747 14

Top tenants B Y R E V E NUE T E NA NT CA R G O T YP E C R O W L E Y C O N T A I N E R S S A A T L A N T I C C O N T A I N E R T O T E M A R I T I M E C O N T A I N E R T R A I L E R B R I D G E C O N T A I N E R T R A P A C C O N T A I N E R A P S / A M P O R T S A U T O S H O R I Z O N T E R M I N A L A U T O S J M F A M I L Y E N T E R P R I S E A U T O S W W S A U T O S C A R N I V A L C R U I S E L I N E C R U I S E 15

HARBOR DEEPENING project COMPLETION DATE: ANTICIPATED 2023 TWO YEARS AHEAD OF SCHEDULE CONTRACT C CONTRACT B CONTRACT A Est. Start Date: Sept. 2020 Start Date: Nov. 2018 Start Date: Feb. 2018 Length : 3 mi. Length : 5 mi. Length : 3 mi. Cost: $249M (est.) Cost: $209M Cost: $23M 16

APRIL 2019 Largest container ship to call Jaxport KOTA PEKARANG - 11.9K TEUS 17

premises STRATEGIC PRIORITY SUPER TERMINAL BUILD OUT: BLOUNT ISLAND EST. COST - $276M IMPROVEMENTS INCLUDE : - Container Grade Paving, Gates and Lighting - Gantry Cranes - Ship to Shore Cranes - Berth Enhancements 18

STRATEGIC PRIORITY PERSONNEL DEVELOPMENT 19

Employee statistics O R G A NIZ ATIO N A ND D I V E RS ITY Budget # O F F T E FTE Authorized 2 (1%) ASIAN 171 26 (17%) BLACK 7 (5%) Current HISPANIC Full-time 1 (1%) PACIFIC ISLANDER 149 112 (75%) WHITE - Veterans 1 (1%) 43 2+ RACES Part-time TOTAL 149 5 20

diversity S E NI O R L E A D ERSHI P T E A M TEAM OF FIRSTS : 1 st Black Male Chief Executive Officer 1 st White Female Chief Commercial Officer 1 st White Female Chief Financial Officer 1 st Pacific Islander Male Chief Operating Officer 1 st Black Female Chief Of Administration 21

REVENUE GROWTH VS. EMPLOYEES BUDGETED R E V E NUE G R O WTH E MP L OYEE S B U D GETE D ( I N M I L L I O N S ) ��� �� $71 ��� �� $68 159 159 157 157 152 �� ��� $59.7 �� $59.1 ��� $56.3 �� �� ��� ���� ���� ���� ���� ������������ ���� ���� ���� ���� ������������ 22

Employee TRAINING AND DEVELOPMENT EMPLOYEE TRAINING AND DEVELOPMENT –UPDATED PHOTO 23

STRATEGIC PRIORITY FACILITIES & SECURITY 24

Berth enhancements 25

NEW CRUISE AGREEMENT 26

Cruise terminal upgrades 27

Cruise terminal upgrades 28

WORLD LEADER IN Liquefied natural gas 29

SECURITY FEDERAL LOCAL STATE 30

STRATEGIC PRIORITY BUSINESS DEVELOPMENT 31

JAXPORT TODAY FLORIDA’S NO. 1 CONTAINER PORT JAXPORT TEUs – 1,270,480 Port Everglades TEUs – 1,108,465 Miami TEUs – 1,084,000 Tampa TEUs – 87,526 NO. 10 U.S. PORT FOR CONTAINER HANDLING NO. 2 U.S. VEHICLE HANDLING PORT NO. 1 U.S. PORT FOR PUERTO RICAN TRADE 32

Our connections Direct vessel service TOP TEN trade partners JAXPORT 1. PUERTO RICO 2. CHINA 3. BRAZIL 4. VIETNAM 5. THAILAND 6. JAPAN 7. SOUTH KOREA 8. COSTA RICA 9. MALAYSIA 10. CHILE 33

TOTAL TONNAGE S HO R T T O NS 10,000,000 10,474,283 9,330,266 8,716,805 800,000 8,312,165 8,181,888 600,000 ‘14 ‘15 ‘16 ‘17 ‘18 34

Container growth: key ports 2 0 - F T. E Q U IV ALENT U NI T S ( T E Us) PORT 2008 2018 CHANGE JACKSONVILLE 697,494 1,270,000 +82% CHARLESTON 1,307,390 2,316,000 +77% SAVANNAH 2,086,177 4,320,000 +108% 35

CONTAINER TRADE FY 2018 – 1.3M TEUs 7% 1% FY 2008 – 697k TEUs PUERTO RICO 36% 26% SOUTH AMERICA OTHER ASIA 3% 56% 71% 36

SOUTHEAST U.S. POPULATION GROWTH I N MI L L IO NS STATE 2018 2040 PROJ. GROWTH FL 21.3 28.2 32.4% GA 10.5 12.8 21.9% SC 5.1 6.2 21.6% NC 10.4 12.5 20.2% VA 8.5 10.2 20.0% TN 6.8 7.8 14.7% LA 4.7 5.3 12.8% AL 4.9 5.1 4.1% 37

Competitive factors I NV E NT OR Y S P A CE & W O R KFO RCE PORT TOTAL INVENTORY (SQ. FT) WORKFORCE JACKSONVILLE 106,017,415 775K CHARLESTON 56,948,719 187K SAVANNAH 61,019,598 385K Source: Cushman and Wakefield, 2018 Source: Bureau of Labor Statistics, 2018 38

NEW BRAND AND OUTREACH 39

Asian trade 2 0 - F T. E Q U IV ALENT U NI T S ( T E Us) 428,724 ������ ASIAN CARGO AT JAXPORT ������ HAS GROWN 100+ PERCENT SINCE 2012 ������ ������ 205,298 ������ ������ ������ ����� 1,235 � ‘07 ‘08 ‘09 ‘10 ‘11 ‘12 ‘13 ‘14 ‘17 ‘18 ‘15 ‘16 40

TARGETED GROWTH Increase Container Trade with Asia Establish New Container Trade with Europe Grow Automobile and Other “Rolling” Cargoes Globally Enhance Trade with Latin America Grow Refrigerated Cargoes and Forest Products Long-term: Grow Exports of Liquefied Natural Gas 41

QUESTIONS? 42