luka rijeka d.d. new gateway to · pdf filebršica bakar škrljevo affiliate...
TRANSCRIPT
www.lukarijeka.hr 2
Disclaimer
It is prohibited to copy one part or the entirety of this presentation, to create summaries of it or make an extract from it, to quote from it, present it or discuss it in public in any other manner without previously obtaining written permission from Port of Rijeka j.s.c.
This presentation may contain certain statements pertaining to the future business of Port of Rijeka j.s.c. and the Port of Rijeka Group, which can be recognised by the use of terms such as ˝shall be˝, ˝planned˝, ˝is expected˝, ˝is foreseen˝ etc, i.e. by statements pertaining to strategy, plans or intents.
The aforementioned statements reflect the current position of Port of Rijeka j.s.c. on future events and are subject to certain risks, uncertainties and assumptions. Multiple factors may result in the concrete results, effects or achievements of Port of Rijeka j.s.c. or the Port of Rijeka Group being significantly different from the results, effects or achievements expressed or foreseen in such statements pertaining to the future. All projections contained within this presentation are based on assumptions. These assumptions may or may not prove to be accurate. The real outcome can be influenced by economic changes and other circumstances that cannot be foreseen, and no guarantee is provided that some of the estimates contained within this presentation will actually become a reality.
www.lukarijeka.hr 3
Content
A Introduction
B The Port of Rijeka today
C The development of business – the Port of Rijeka tomorrow
www.lukarijeka.hr 4
Geographical position A
Due to its favourable geographical position, the Port of Rijeka (˝Company˝) allows for the shortest sea connection between the countries of Central and Eastern Europe and overseas countries.
As an integral part of the TEN-T transport network and corridor, the Port of Rijeka is of particular importance for the landlocked countries in the region (Hungary, Austria, Slovakia, Czech Republic, Serbia and Bosnia and Herzegovina) and is in an excellent position to make use of its location.
Source: http://ec.europa.eu/transport/themes/infrastructure/index_en.htm
the Port of Rijeka
lies on the
Mediterranean
TEN-T corridor
the Port of Rijeka
also connects to
the ˝Baltic-
Adriatic˝ corridor˝
www.lukarijeka.hr 5
Geographical position – a competitive advantage of
the Port of Rijeka A
the North Adriatic transport
route:
– possesses great nautical
advantages for ships
arriving from the Suez
Canal >2,000 Nm
– it shortens the travel time
for approximately 5 to 7
days
– decreases transport costs
– decreases transport costs
Source: Port of Rijeka
www.lukarijeka.hr 6
Geographical position – competition A
~1.000 km radius
~500 km radius
The main competitors of the Port of Rijeka are the
ports of the North Adriatic cluster – Koper, Trieste,
Venice, Ravenna, Chioggia and Monfalcone.
The Port of Rijeka divides its gravitational market into:
– Countries within the primary strategic zone:
Croatia, Hungary and Slovakia
– Countries within the secondary strategic zone:
Austria, Czech Republic, Serbia, Poland and
Bosnia and Herzegovina
the North Sea cluster (~284 million t)
the Baltic cluster (~44 million t)
the North Adriatic cluster (~42 million t)
the Black Sea cluster (~40 million t)
Marginal area clusters (~26 million t)
Upon Croatia’s
accession to the EU in
2013, and in light of
the fact that two
corridors of the TENT-
T network pass
through Croatia, the
Port of Rijeka now has
the opportunity to
harness the full
potential of its position.
Note: approximate cargo traffic for 2013; includes bulk cargo and
general cargo, container cargo and RO-RO cargo excluded;
Source: European Sea Ports Organisation.
www.lukarijeka.hr 7
Republic of Croatia – transport strategy A
The Port of Rijeka is located on a strategic EU transport route (the TEN-T Mediterranean corridor)
and connects on to the ˝Baltic-Adriatic˝ route.
EU and Croatia strategically and operatively support investment in port and railroad infrastructure
that increases the transport capacity of this route and remove bottlenecks situated on it. EU
structural and cohesion funds will serve as a significant support to the investment cycles of both the
port and the railroad sector.
The liberalisation of the market of railroad operators, together with the entry of private capital into
port operations increases the efficiency of both, while also improving the competitiveness of the
Rijeka transport route.
In the Strategy for Managing State Property for the period between 2013 and 2017, which was
adopted by the Croatian Parliament in 2013, Port of Rijeka j.s.c. is mentioned as a subject of
developmental importance for which restructuring, capital increase and full, i.e. partial privatisation
is planned. The Plan for Managing State Property for 2015 mentions Port of Rijeka j.s.c. as a
company of particular interest for which share capital increase is planned during 2015.
www.lukarijeka.hr 8
Republic of Croatia–Development of the Rijeka transport route A
Recent improvements and investments in the electrification of Croatia’s railroad network represent
very positive steps forward in relation to the main activities of Port of Rijeka j.s.c.
– The railroad network between Rijeka and the Hungarian border (passing through Zagreb and
Koprivnica) has been completely electrified (25kV, 50Hz), which directly cuts down on transport
costs and strengthens transport connections with one of the key countries of the gravitational
area.
– Further investments in electrification are expected – as of yet, 980 out of 2,605 kilometres have
been completed.
The key parties in the system of transport infrastructure relevant to the transport of cargo and port
activities are ports and relevant railroad operators.
The market of railroad cargo transport is currently undergoing a process of liberalisation (of which
the effects are not yet visible), which creates competition, increases flexibility and decreases
logistical expenses for the transport route.
www.lukarijeka.hr 9
7.277
6.280 6.450
4.535 4.347
3.705
2.523
2.546 2.645
3.557
4.841
5.624 5.207
4.503
3.602 4.140
3.164 3.224 4.047
3.473 4.098
5.370 5.731
6.619 7.456
9.151
11.036
13.123
10.476
14.128 15.159
15.892
-
2.000
4.000
6.000
8.000
10.000
12.000
14.000
16.000
The Port of Rijeka The Port of Koper
Comparison with competition A
The Port of Koper is the most significant competitor of the Port of Rijeka:
– the turbulences that have affected the Port of Rijeka have not affected the Port of Koper, thus
creating a gap in development
– the Port of Koper has recorded a particularly significant increase in business since the accession
of Slovenia to the EU in 2004
Cargo transport
(excluding liquid
cargo; including
container cargo)
(in thousands of
tonnes)
War of Independence Global economic crisis
The large ship operator
Croatia Line (a key partner)
ceases to operate
Note: The growth of the Port of Rijeka in 2014 was 14.9% in relation to 2014, while the growth rate of the Port of Koper for the same period was 4.8% (excluding liquid cargo)
Source: Statistics of the Port of Rijeka and the Port of Koper
www.lukarijeka.hr 10
The historical growth of the traffic of dry cargo at the Port of Rijeka
and the Port of Koper A
Note: The historical growth of the traffic of dry cargo at the Port of Rijeka and the Port of Koper (excluding liquid cargo)
Source: Statistics of the Port of Rijeka and the Port of Koper
www.lukarijeka.hr 11
The Port of Rijeka today – Basic information B
The Port of Rijeka, pursuant to a concession contract valid by 2042, is the largest port operator for the
transhipment of dry cargo in Croatia, with a total cargo amount of over 4,1 million tonnes in 2014
– The Port of Rijeka specialises in the dispatchment and transhipment of dry cargo, with its primary activities
including loading, unloading, storing and transporting general cargo, wood, bulk cargo, cattle, tropical fruits
and other fruits, grains and oilseed crops.
– With a share of 49%, the Port of Rijeka also manages Jadranska vrata d.d. ("AGCT", Adriatic Gate Container
Terminal), a terminal for loading and unloading containers with a concession contract valid by 2041.
as an integral part of the TEN-T transport network and corridor, the Port of Rijeka is of great transport-related importance for the landlocked countries in the region (Hungary, Austria, Slovakia, Czech Republic, Serbia and Bosnia and Herzegovina, etc.)
Note: *through multiple state institutions; **small shareholders with an individual share of less than 1% ***on 21 May 2015
Ownership structure Board and Supervision Committee
Linda Sciucca Member of the Board
Nenad Janjić Member of the Board
Bo
ard
Vedran Devčić President of the Board
Loris Rak Vice president
Su
pe
rvis
ion
Co
mm
ite
Nikola Mendrila President
+ 3 members
Market
capitalization
HRK 269 mil.
www.lukarijeka.hr 12
The Port of Rijeka today – Organisational structure B
COMPANY
BOARD
DEPARTMENT FOR
QUALITY MANAGEMENT
CONTROLLING
DEPARTMENT
BOARD OFFICE DEPARTMENT FOR
INTERNAL CONTROL
Services
berthing and
unberthing cargo
insurance
maintenance
port and transport
workers and
technical operators
Terminals
Rijeka Silos
Bršica Bakar
Škrljevo
AFFILIATE SUBSIDIARIES
Jadranska vrata d.d.
(Adriatic Gate
Container Terminal)
(49%)
Luka - Prijevoz d.o.o.
(100%)
Stanovi d.o.o.
(100%)
ICT DEPARTMENT PROCUREMENT
DEPARTMENT
SECTOR FOR MANAGING HUMAN
RESOURCES
SECTOR FOR DEVELOPING AND
MANAGING PROPERTY
SECTOR FOR FINANCES AND ACCOUNTING
SECTOR FOR SALES AND MARKETING
SECTOR FOR OPERATIONS
www.lukarijeka.hr 13
The Port of Rijeka today – geographical position of the port basins B
Image of the port basins operated by the Port of Rijeka:
The Škrljevo Background Terminal is located 7.5 km from the Rijeka Basin (Brajdica Container Terminal) and 3 km from the Bakar Basin.
www.lukarijeka.hr 14
The Port of Rijeka today - terminals B
Annual capacity: 600,000 t
Sea depth: 8 m
Key activities / characteristics:
A multi-purpose terminal for the
accommodation and shipping of
live cattle and the transhipment of
wood, general and bulk cargo
A storage facility with an area of
510,383 m² is located in the
immediate vicinity
Bakar (bulk cargo)
Annual capacity: 100,000 t
Sea depth: 10 m
Key activities /
characteristics:
Handling tropical fruit and
frozen meat
Specialised refrigeration
chambers for various types
of perishable goods
Silos (grains)
Annual capacity: 1,000,000 t
Sea depth: 14 m
Key activities /
characteristics:
The transhipment and
storage of grains and
oilseed crops
The silos are equipped to
dry grains, clean them with
separators and disinfect
them
Rijeka (general)
Annual capacity: 500,000 t
Sea depth: 10 m
Key activities /
characteristics:
Handling cut wood
The favourable climate
allows the wood to dry
naturally
AGCT
Annual capacity: 4,000,000 t
Sea depth: 18 m
Key activities / characteristics:
Specialises in handling iron
ores, coal and other bulk
cargo
Is able to accommodate
Panamax and Capesize ship
categories
Rijeka (wood)
Annual capacity: 600,000 TEU
Sea depth: 14.5 m
Key activities /
characteristics:
Terminal for loading and
unloading containers
Concession by 2041. (49%
share in the subsidiary
company AGCT)
Rijeka (cooler)
Covered warehouses:28,160 m²
Open space: 130,000 m²
Free space: 243,000 m²
Key activities / characteristics:
The possibility of storing cargo
(customs free zone)
Multi-modal background
terminal –direct access to the
motorway and railroad
Bršica
Covered warehouses:28,160 m²
Open space: 130,000 m²
Free space: 243,000 m²
Key activities / characteristics:
The possibility of storing cargo
(customs free zone)
Multi-modal background
terminal –direct access to the
motorway and railroad
Škrljevo
Generalni Žitarice
Frigo
Generalni
Generalni AGCT
Drvo Drvo
Generalni
Drvo
Bakar Bršica Škrljevo
www.lukarijeka.hr 15
The Port of Rijeka today - terminals (continuation) B
Decreasing the area under concession
Adriatic Gate Container Terminal
Port area under the concession of the Port of Rijeka
Border of the port areas of Rijeka and Sušak
RGP –Port/City interface –repurposing and
construction
Zagreb Dock – a new container terminal
www.lukarijeka.hr 16
Terminal for general cargo (Rijeka) B
Offers the possibility of handling and storing various types of general cargo, such as metal products
and constructions, granite blocks, paper etc. In addition, it is connected to the hinterland via
railroad. The terminal also specialises in handling lengths over 60 m for overseas destinations.
Sea depth: 12 m;
Annual capacity: 2.000.000 t;
11 berths at multiple operational docks;
Mobile cranes with a capacity between 40 and 63 t;
Other port machinery;
Adequate storage facilities located in the vicinity of
the dock;
Two new Liebherr cranes:
– Installed in May 2013.;
– Each of them with a capacity of 84 t
Gravitational area: Croatia, Hungary, Slovakia, Czech Republic, Austria, Serbia and Bosnia and
Herzegovina
Destination / outbound area: Turkey, South Africa, Egypt, Lebanon, Algeria, Colombia
www.lukarijeka.hr 17
Terminal for grains (silos) B
Terminal for the transhipment and storage of grains and oilseed crops, with a railroad connection
The silos can be used to dry grains, clean them with a separator, disinfect them and weigh them
during all phases of operation
Sea depth: 14 m;
Annual capacity: 1,000,000 t;
One-time storage capacity: 56,000 t;
The equipment enables the following loading / unloading
operations:
– Ship–Silo; Silo –Ship;
– Ship–Silo –Wagon (truck);
– Wagon (truck) –Silo –Ship.
Gravitational area: Croatia, Hungary, Italy
Destination / shipment area: Brazil, India
www.lukarijeka.hr 18
Wood terminal B
Possesses a climate favourable to cut wood that allows it to dry naturally
Sea depth: 10 m;
Annual capacity: 500,000 t;
One-time storage : 35,000 -50,000 m³ (depending on the type of wood);
Preparing cut wood for:
– Sorting;
– Impregnation;
– Marking;
– Packaging and binding.
Gravitational area: Croatia, Austria, Bosnia and Herzegovina
Destination / outbound area: Egypt, Libya, Qatar, Saudi Arabia, Algeria, China, Kuwait
www.lukarijeka.hr 19
Frigo Terminal B
Frigo Terminal is a business unit for the transhipment of
frozen cargo, and is also a part of the terminal for general
cargo in Rijeka
Sea depth: 10 m;
Annual capacity: 100,000 t;
Total area of the conditioned warehouse: 8,000 m²;
One-time storage capacity: 3,175 t;
Cold storage with refrigeration chambers for tropical
fruit (bananas and citrus fruits), frozen meat and fish.
Gravitational area: Croatia, Serbia, Slovenia
Destination / outbound area: Ecuador
www.lukarijeka.hr 20
Terminal for bulk cargo (Bakar) B
Terminal for the handling and storage of iron ores, coal and other bulk cargo.
Accommodates Panamax and Capesize ships.
Is connected to the hinterland via railroad
Sea depth: 18 m;
Annual capacity: 4,000,000 t;
One-time storage capacity: – For fine iron ore 300,000 t, or
– For iron ore pellets 250,000 t, or
– For coal 120,000 t.
Key terminal equipment:
– Portal harbour crane with grab;
– Continued ship unloader ;
– Continued ship loader;
– Mobile storage bridge;
– Transport tracks
Gravitational area: Hungary, Austria
Destination / outbound area:
USA, Ukraine, Brazil, South Africa,
Colombia
www.lukarijeka.hr 21
Terminal Bršica B
Bršica Terminal is a multi-purpose terminal for the accommodation and transhipment of live cattle
and the transhipment of wood, general and bulk cargo.
Sea depth: 8m;
Annual capacity: 600,000 t;
Accommodation capacity: approx. 1,000 cattle heads;
Continued veterinary supervision;
The storage facility Štalije, under the concession of two Croatian
wood exporters via Bršica terminal, is located in the immediate
vicinity:
– Total storage area: 510,383 m²;
– Covered area: 35,500 m².
Gravitational area: Croatia, Hungary
Destination / outbound area: Lebanon, Egypt
www.lukarijeka.hr 22
Škrljevo Terminal - today B
Škrljevo Background Terminal – a multi-purpose logistical centre intended for the handling and
storage of containers and general and bulk cargo
The terminal is under the ownership of the Port of Rijeka and has the status of a customs free zone
Total area: 468,977 m²;
Open space: approx. 130,000 m²;
Covered warehouses: 28,160 m²;
Area free for development: approx. 245,000 m²;
Added value services for goods;
Direct connections with railroad and motorway;
Railroad infrastructure: 6 railroad gauges with a
length of 3,500 m.
Gravitational area: Croatia, Austria
Destination / outbound area: Egypt, Qatar, Saudi Arabia, Brazil
www.lukarijeka.hr 23
Adriatic Gate Container Terminal –AGCT B
Investment cycle completed:
Expansion of the dock by 326 m;
BIP station for the phytosanitary inspection of
goods;
Installed terminal equipment:
– 2 Panamax container cranes;
– 2 post Panamax container cranes;
– 6 RTG (rubber tyre gantry cranes); – 2 RMG (rail mounted gantry cranes).
Annual capacity: 600,000 TEU
Dock 1: berth length 300 m;
Sea depth - 11.7 m;
Dock 2: berth length 326 m;
Sea depth - 14.5 m.
Ownership structure of AGCT:
51% -ICTS Inc., (global operator of container terminals with headquarters in Manila, the Philippines);
49% - Port of Rijeka j.s.c.
www.lukarijeka.hr 24
2.374 2.113 2.305 2.233 2.268 2.355 2.159
3.378
2.8732.000 2.024 1.903
948 1.611
276
221
254 245 341
299
371
-
1.000
2.000
3.000
4.000
5.000
6.000
7.000
Generalni Rasuti Drvo
Physical indicators of business B
After the breakout of the global economic crisis in 2008, the amount of bulk cargo as a category
has been decreasing, while the amount of general cargo has remained stable.
The volume of container traffic generated by AGCT (part of the category of general cargo has been
yielding a higher profit margin in comparison with other types of cargo, and it is the least
susceptible to market turbulences.
Total cargo traffic in
thousands of tonnes
6.027
5.207
4.560 4.503 4.511
3.602
Only AGCT in
thousands of
tonnes
1.457 1.169 1.349 1.311 1.276 1.367
Note: *AGCT included
4.140
1.236
YoY +15%
www.lukarijeka.hr 25
Profit and loss account B
Source: Revised and consolidated financial reports of the Company for 2012, 2013 and 2014 and the unrevised and consolidated financial reports of the Company for the first quarter of 2015.
2012 2013 2014 I-III 2014 I-III 2015
Revenue from sales 169.260 146.201 167.351 41.652 42.616
Other income 19.108 33.976 16.945 4.839 3.473
188.368 180.177 184.296 46.491 46.088
Materials, services and consumables used (58.705) (59.346) (67.398) (15.894) (15.773)
Personnel expenses (83.845) (83.329) (81.228) (18.422) (18.421)
Depreciation and amortisation (12.239) (10.493) (10.127) (2.542) (2.683)
Other expenses (32.299) (24.026) (23.770) (5.344) (6.925)
(187.088) (177.194) (182.523) (42.202) (43.802)
Finance income 5.296 5.853 2.041 243 556
Finance costs (7.276) (9.528) (8.593) (595) (1.064)
Net finance income / (costs) (1.980) (3.675) (6.552) (352) (509)
Share of profit / (loss) of equity-accounted investees 923 1.913 (1.281) - -
Profit before tax 223 1.221 (6.060) 3.936 1.777
Income tax (expense)/benefit (826) 217 272 - -
Profit/(loss) for the year (603) 1.438 (5.788) 3.936 1.777
Revalouation of AFS financial assets (net of tax) 55 - 359 - (359)
Revalouation of land (net of tax) - - 18.186 - -
Other comprehensive income 55 - 18.545 - (359)
Total comprehensive income / (loss) (548) 1.438 12.757 3.936 1.418
Earnings / (loss) per share (in HRK) (0,10) 0,24 (0,97) 0,66 0,24
www.lukarijeka.hr 26
Net debt B
The Company’s net debt grew in 2013 due to the increase in the long-term loan (Liebherr
cranes) while, in 2014, the Company had to enter into additional short-term debt in order to
settle the foreclosure by the Tax Administration upon losing the administrative procedure that
the Company contested for years. A decrease in deposits in 2014 due to the cancellation of a
part of the fixed-term assets intended for the preparation of the Škrljevo project also affected
the increase of the net debt.
*Money in the treasury, money on giro account, shares in financial funds and all other forms of highly liquid financial
assets
Source: Revised and consolidated financial reports of the Company for 2012, 2013 and 2014 and the unrevised and
consolidated financial reports of the Company for the first quarter of 2015.
Net debt of the Port of Rijeka Group (in thousands of HRK)
(in '000 HRK)
31.12.2012 31.12.2013 31.12.2014 31.03.2014 31.03.2015
Short-term loans 21.128 37.639 50.127 41.523 48.992
+ Long-term loans 59.113 61.553 48.281 43.013 40.584
+ Finance lease liabilities 26.018 24.867 23.455 20.429 14.819
- Short-term bank deposits 47.540 34.000 19.000 30.988 17.369
- Cash and cash equivalents* 2.468 2.414 2.623 2.146 1.644
= NET DEBT 56.251 87.645 100.240 71.831 85.382
www.lukarijeka.hr 27
Ratios B
Source: Revised and consolidated financial reports of the Company for 2012, 2013 and 2014 and the unrevised and consolidated financial reports of the Company for the first quarter of 2015.
31.12.2012 31.12.2013 31.12.2014
Liquidity ratios
Cash ratio 0,49 0,32 0,22
Quick ratio 0,88 0,64 0,61
Current ratio 0,89 0,66 0,62
Debt ratios
Total debt / Total assets 0,18 0,21 0,17
Equity /Total assets 0,63 0,63 0,66
Net debt / EBITDA n.d. 5,34 7,89
Shor-term loans / EBITDA 2,16 2,99 4,31
EBITDA interest coverage 2,21 2,87 2,58
EBIT interest coverage 0,21 0,64 0,38
Activity ratios
Total assets turnover 0,29 0,25 0,28
Current assets turnover 1,68 1,78 2,47
Trade receivables turnover n.d. 4,89 5,34
Inventory turnover 93,23 105,41 136,67
Trade payables turnover n.d. 8,36 6,82
Profitability ratios
ROE -0,16% 0,39% -1,52%
ROA -0,10% 0,25% -0,98%
Profitability margins
EBITDA margin 7,99% 9,22% 7,11%
EBIT margin 0,76% 2,04% 1,06%
Net profit margin -0,36% 0,98% -3,46%
www.lukarijeka.hr 28
Conclusion – the Port of Rijeka today B
The Port of Rijeka today:
Largely state-owned (83% share), other shareholders with shares below 2%;
Concession contract concluded with the Port Management of Rijeka expires in 2042;
Port of Rijeka holds a 49% share in the container terminal AGCT.
Results in 2014:
Prihodi od prodaje – HRK 167 mil.;
EBITDA – HRK 11,9 mil. (7,1% EBITDA marža);
Neto dug – HRK 100 mil.;
Promet – 4,1 mil. t (uključujući AGCT).
Annual capacity by terminal and type of cargo:
Rijeka (general): 2 million t;
Rijeka (wood): 0,5 million t;
Rijeka (refrigeration): 0,1 million t;
Silos (grains): 1 million t;
Bakar (bulk cargo): 4 million t;
Bršica (cattle, wood, general, bulk cargo ): 0,6 million t
AGCT (containers): 0,6 million TEU
www.lukarijeka.hr 29
Key growth generators C
Value initiators
External
Potential of the gravitational area of Central and Eastern Europe
Historical recognisability of the brand on the gravitational market
Great potential and continued growth of the destination/outbound market of
the Far/Central/Middle East
Advantage of the shortest route between the Far/Central/Middle East
and the gravitational area
Accession to the EU capitalising on previous opportunities and providing the Port of Rijeka with the chance to
fairly compete
Being part of the vital TEN-T transport route (Mediterranean
corridor) and the possibility for using EU grant schemes (CEF)
Liberalisation of railroad transport that removes cost-related obstacles and
increases the efficiency of the supply chain
Approximating the maximum capacity of competing ports (port and railroad
capacity)
Construction of a new container terminal in Rijeka and the significant
increase of container traffic
The developmental potential of the Bakar port basin (harmonised spatial plans, excellent maritime conditions,
etc.)
Internal
Holding concession up to 2042 and ownership of the Škrljevo Background
Terminal
Defined marketing and sales plan based on key customers
Development of added value services Catching up with the prices of
competitors
Improving and developing operational efficiency (optimisation of processes)
Introducing a motivation system for stimulating staff
Improving the quality of systems for managing normatives and rates
Developing a digitalised database system for information on markets,
customers, competition etc. and introducing CRM
Improving business intelligence, planning and controlling systems
Possibility of using tax incentives due to the high level of investment
www.lukarijeka.hr 30
Škrljevo Terminal – the greatest capital investment C
Total area: 468,977 m2 28,160 m2 of covered storage space
approx. 130,000 m2 of open space
free zone status
Škrljevo Terminal today
Total area: 468,977 m2 53,818 m2 of covered storage space (of which 25,658 m2 is
new)
36,016 m2 of new canopies
13,915 m2 of new container depots with a one-time capacity
of 1.950 TEU
Open warehouse plateaus, new railroad gauges, service zone
New mobile mechanisation
Possible future investments: Construction of a new cold storage with an area of approx.
36,000 m2
9.061m2 of new canopies
A second container depot
Škrljevo Terminal after 2017
An amount of 322 million HRK (~43 million EUR) is planned to be invested in Škrljevo Background
Terminal.
www.lukarijeka.hr 31
Škrljevo Terminal – the greatest capital investment (continuation) C
Škrljevo Terminal is a key strategic project of the Port of Rijeka j.s.c. :
Land and facilities are 100% owned by Port of Rijeka j.s.c.
Effective building permits have been obtained.
construction can begin immediately upon the closure of financing (SPO).
Relieving pressure from the limited dock capacities:
Alternative storage capacities after the loss of the area where the Zagreb Dock and the area of
Delta-Porto Baroš are being constructed today, for which urbanisation and the construction of a
marina or mega yachts are planned as part of the ˝Rijeka Gateway˝ project.
Investment structure :
With the investment of 322 million HRK in the Škrljevo Terminal project, the existing covered
storage space will be expanded by an additional 25,658 m2, 36,016 m2 of new canopies and a new
container depot with an area of 13.915 m2 will be constructed, new road and railroad infrastructure
will be necessary together with the needed new machinery, while space will also be left free for
further construction
The project’s function is to bring the Company’s long-term goals to fruition by:
Enabling the growth of more profitable general cargo and container traffic
Returning cargo traffic to the levels reached before the war (approx 7 million t in the mid 1980s)
and achieving a profitability comparable to that of competing ports in the region (~30% EBITDA
margin).
www.lukarijeka.hr 32
Škrljevo Terminal – the greatest capital investment (continuation) C
Investment structure (in millions of HRK)
65
103
45
38
322
24
Plateaus
Civil engineering
Škrljevo total
Project development
Railroad construction
10
15
Road construction
Energetics
Hydrotechnology
16
Environment
4
Mechanisation
www.lukarijeka.hr 33
Contact
Company board
Phone: + 385 51 496 533
Fax: + 385 51 496 008
E-mail: [email protected]
www.lukarijeka.hr