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ABOUT TiL
T
erminal Investment Limited (TiL) invests in, develops and manages container terminals around the world, often in joint ventures with other major terminal operators, providing essential infrastructure for international trade. It was founded in 2000 to secure infrastructure in the major ports used by Mediterranean Shipping Company (MSC).
STRATEGY
» Generate attractive return on investment » Become the world’s most productive and efficient terminal operator
TiL SHAREHOLDING » World leading independent infrastructure fund manager » Global Infrastructure Partners (GIP) is an independent infrastructure fund manager, founded in 2006. GIP closed the largest ever infrastructure fund in January 2017, and has over USD 45 billion of assets under management. » Current portfolio of 18 companies, of which six are in the transport sector.
» Global long term investor securing Singapore’s financial future » Singaporean government sovereign wealth fund (GIC) is one of the biggest wealth fund across the globe. » GIC is a major long term infrastructure investor with extensive experience in large, unlisted infrastructure assets.
Terminal Investment Limited Holding (Geneva)
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Terminal Companies & various HoldCos (41 terminal businesses)
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MSC GROUP HISTORY
M
SC Mediterranean Shipping Company is a global business engaged in the shipping and logistics sector. Present in 155 countries, MSC facilitates international trade between the world’s major economies, and among emerging markets across all continents.
A TRULY UNIQUE WORLD LEADER IN TRANSPORTATION » Privately owned by the Aponte family » Founded in 1970 with one conventional cargo ship » Grown to be a leader in container shipping, terminals and logistics as well as luxury cruises and passenger ferries » Headquartered in Geneva, Switzerland » The Group employs more than 100,000 people across the globe
KEY NUMBERS FOR CARGO DIVISION » 493 offices around the world » 47,000 employees » Fleet of 591 container vessels » Container intake capacity of 3.5 million TEU » 21 million TEU carried annually
MSC GROUP BUSINESSES Door to door supply chain services » World leader in shipping and logistics » Global sailing schedule » Calling at 500 ports » On 200 trade routes » Wide range of operations covers 155 countries across 5 continents
» Container terminal operating investor established in 2000 » 41 terminals in 27 countries » Handled 34 million containers in 2020
» Logistics arm of MSC offering a one-stop-shop for global inland solutions, present in over 70 countries » Total 1 million TEU stacking capacity and 12.5 million TEUs yearly throughput » 138 locations including depot yards, off-dock terminals and inland rail facilities on over 6 million m2 » Owns more than: » 5,000 trucks » 10,000 trailers » 4,200 rail wagons
Cruise / Ferry services » World’s largest privately-owned cruise company and the number one cruise line in Europe, South America, South Africa and the Gulf » MSC Cruises holiday experiences are sold in 81 countries across the globe » Existing 17 ship fleet set to expand to 29 cruise ships by 2027 SNAV: » Ferry service operator connecting Italy, Sardinia, Sicily, Spain, Tunisia, Morocco, France and Albania » Fleet of 15 RoRo / RoPax ships GNV: » Ferry service operator from Italy to Croatia and Sicily » Fleet of 25 fast ferries and 1 cruise ferry on 11 routes
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A TRULY GLOBAL PRESENCE AT KEY PORTS
Rotterdam (Netherlands) Bremerhave Klaipe Liverpool (UK) St Pete
Antwerp (Belgium) Le Havre (France)
Marpo
Montreal (Canada) Marseille (France)
Seattle – TTI (USA)
Sines (Portugal)
Newark (USA)
I
Valencia (Spain)
Long Beach – TTI (USA)
Las Palmas (Spain) Houston (USA) Trieste (Italy)
Freeport (Bahamas) New Orleans (USA) Everglades (USA)
Gioia Tauro (Italy) Bettola (Italy)
K
Panama
As Lomé (Togo)
TiL’s terminals (#39)
Callao (Peru)
San Pedro (Ivory Coast)
TiL’s Greenfield terminals (#2) Rio de Janeiro (Brazil) Santos (Brazil)
Top 25 Terminals worldwide
MSC’s terminals (#11):
La
Navegantes (Brazil)
Naples, Civitavecchia, La Spezia, Ravenna, Ancona, Livorno and Rome (Italy); Bilbao (Spain); Tangier (Morocco); Lagos (Nigeria); Valparaiso (Chile).
Buenos Aires (Argentina)
Global recession
CONTINUED PORTFOLIO EXPANSION
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» Freeport 2000
2001
2003
» Las Palmas » Marport » Long Beach (SSA)
» Navegantes » Ningbo
» Singapore
2004
2005
» Antwerp » Bremerhaven » Le Havre
2006
2007
» Sines » Montreal » Valencia
2008
2009
» Klaipeda
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TiL is a proud supporter of Brazil’s projects in port infrastructure
merhaven (Germany) Klaipeda (Lituania)
INVESTMENTS St Petersburg (Russia)
» MULTIRIO USD 232 MILLION
Marport (Turkey)
» BTP USD 800 MILLION
Asyaport (Turkey)
» PORTONAVE USD 382 MILLION
Iskenderun (Turkey)
Ningbo (China) y)
Brazil handled 10.6 million TEU in 2020
Mundra (India) Abu Dhabi (UAE)
TiL terminals were responsible for almost one-third of the movement in Brazil in 2020
Umm Qasr (Iraque) KAEC (Saudi Arabia)
Singapore (Singapore)
Ashdod (Israel)
BTP - Santos
» 1,778 m TEU
17%
Portonave - Navegantes
» 894 m TEU
73%
Coast)
Multiterminais - Rio de Janeiro
8% 2%
» 203 m TEU Other terminals
» 7,739 m TEU
La Reunion (France)
Further stakes in: » TTI (Long Beach & Seattle) » Navegantes » Las Palmas
cession » Newark » Long Beach (TTI) 09
2010
2011
» Rotterdam
2012
» Santos » Iskenderun » Mundra 2013
» Seattle » St. Petersburg » Marseille
» Asyaport
2014
2015
» Lomé » King Abdullah » Callao » Buenos Aires
2016
2017
» Gioia Tauro » Freeport (US) » Trieste » Bettola » Everglades » Houston » New Orleans » Ashdod » Umm Qasr (MSC Terminals)
2018
» La Reunion Further stakes in: » Gioia Tauro 2019
» Panama » Rio de Janeiro » Abu Dhabi » San Pedro
2020
» Liverpool
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TiL TERMINAL PARTNERS
TERMINALS SPLIT BY PARTNERSHIP TYPE
11
Equal JV
19
53 TERMINALS 7
Majority owned by TiL Minority owned by TiL Owned by MSC / managed
by TiL
» Affiliated to 2M member Maersk
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» Strong Turkish container logistics, port and shipping operator
» A subsidiary of NYK, the Japanese shipping line
» China Merchants Holdings (International)
» Based in Germany
» Provides container loading and discharging services for companies in Anatolia, Turkey
» Cargo-handling services headquartered in Canada
» Indian conglomerate with extensive Indian port portfolio
» Ningbo Port owner
Perrigault S.A. » Diversified privately owned Saudi Arabian company
» French terminal operator based in Le Havre
» Largest terminal operator and stevedore in the US
» Diversified across ports, shipping and rail
» Diversified across ports, shipping and rail
» Developer and manager of ports in Abu Dhabi
» Top tier Brazilian terminal operator
» Based in Singapore
» Extensive Chinese terminal portfolio
» Leading Korean shipping line and container terminal operator
» T.O. Delta group is a multimodel logistic operator
» Turkish logistics conglomerate
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AFFILIATED BUSINESS MODEL IS HIGHLY RESILIENT
T
iL’s affiliated model positions it well to outperform the industry, especially in times of crisis.
» Active communication with MSC to ensure that all operations are closely coordinated with TiL terminals » 2M Alliance network increases access to volumes (i.e. SM Line move to Long Beach terminal)
GLOBAL LEADER IN CONTAINER TERMINAL OPERATIONS Source: Drewry & TiL
30%
28% TiL weathers the GFC storm
20% 13%
10%
11%
18% 14%
17% 13%
10%
8%
6%
TiL weathers the COVID storm
18%
5%
8% 3%
10%
9% 5%
5% 1%
0%
6%
5%
3%
6% 2%
1%
-2%
-10%
-6%
-8%
-20% 2007
2008
2009
2010
2011
2012
2013
TiL Throughput growth
TiL has historically outperformed the World Container Terminal Industry in terms of year-over-year growth in proportionate throughput both during the 2008/09 Global Financial Crisis and the current COVID related crisis.
TiL 19’ CAPACITY BY REGION (M MOVES)
2014
2015
2016
2017
2018
2019
1H20
World container port handling
» Note that 2010 and 2011 became some of the best years in the history of container shipping and terminal activity
SHARE OF TiL IN MSC MOVES (18’)
Asia
26%
28%
North Europe
37%
Med/ Middle East / Africa America
23%
(south, central, north)
TiL
63%
Other
23%
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» The group has the best productivity in Brazil
SCALE OF INFRASTRUCTURE » TIL’s portfolio includes the MPET terminal in Antwerp which is the largest in Europe and amongst the largest in the world at 9 million TEU capacity
» TIL’s portfolio includes 6 terminals in some of the largest ports in the world (Singapore, Ningbo, Rotterdam, Antwerp, Long Beach and Newark).
12-14 Chemin Rieu 1208 - Geneva - Switzerland www.tilgroup.com
» 47 km quay length
» 389 ship-to-shore cranes » 1,477 hectares storage area
» 40,000 reefer plugs