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May 2013

The Official Publication of International Container Terminal Services, Inc. • International Edition

CMSA, Union ratify CBA


I N T E R N AT I O N A L E D I T I O N

Directory

International Container Terminal Services, Inc.

M AY 2 0 1 3

Contents

ICTSI Global Operations

4 6 7 8 11

CMSA, Union ratify CBA

ICTSI 1Q income up 15% to US$40.7 million

PICT holds Annual General Meeting

Staff Box

International PortFolio is published by International Container Terminal Services, Inc. for its employees, clients, and friends.

On Board

NARLENE A. SORIANO JUPITER L. KALAMBAKAL JOHN PAULO C. COSTINIANO ZINNO B. GUDEZ MARIE ANNALIE T. MARFIL MAVERICK A. JAVIER PAOLO MIGUEL S. RACELIS JUSTINO RAMON L. TAYAG III Photographers RONNEL P. JAVIER DEXTER F. LANDICHO EDWARD R. MILAG

Editor-in-Chief Managing Editor Associate Editor Researchers

Level Up

Correspondents Philippines Manila MICHAEL G. AGUSTIN ALBERT JOSEPH R. CANCERAN MA. BERNADETTE C. DE GUZMAN MA. CONCEPCION M. DIZON BYRON GEORGE M. GONDA ROSE A. LOBRIN RICARDO D. PAREDES JESTONIE V. VINSON Davao City CHIARA MAY C. ATIS Gen. Santos City REJAMNA S. PANDANGAN Misamis Oriental KIRK KHURNYLLA S. RAYOSO

International Argentina Brazil China Croatia Ecuador Georgia Indonesia Japan Madagascar Mexico Poland USA

MIGUEL CHALAR FABIANA SOUZA APOLLO ZHOU IVA ROMAN KATTY OSSA BIANCHI BENJAMIN D. ROSARIO RINI HERAWATY TAKETOSHI TOYAMA MICHAEL RATRIMO PAMELA DE LA VEGA MICHAL KUZAJCZYK DAVID TRZYZEWSKI

5 7 8 9 12

ICTSI in 2012: Stability amid volatility

AGCT starts operating BIP Station

KICT wins cricket championship

Do Good

Ship Ahoy

If you wish to receive a copy of the International PortFolio, please write, call or e-mail us at: Public Relations Office, ICTSI Administration Bldg. Manila International Container Terminal, MICT South Access Road Port of Manila, 1012 Manila, Philippines Telephone: +632 / 245 4101 • E-mail: jcostiniano@ictsi.com • URL: www.ictsi.com

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T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .

T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .

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I N T E R N AT I O N A L E D I T I O N

International Container Terminal Services, Inc.

M AY 2 0 1 3

ICTSI Newsbreak

CMSA, Union ratify CBA By Pamela De la Vega

Contecon Manzanillo, S.A. (CMSA) and the Stevedores and Workers Union of the Pacific (CROM) inked their enhanced collective bargaining agreement (CBA) last 14 March. Enrique Gutierrez, CMSA Chief Executive Officer; and Cecilio Lepe Bautista, CROM Secretary General, signed the CBA on behalf of the two parties. In his message, Mr. Gutierrez highlighted the professionalism of the union members and the management of CMSA. “CMSA is committed to co-exist with success and harmony with the union,” he said. Meanwhile, Honorable Virgilio Mendoza Amezcua, Manzanillo Mayor, stressed the significance of the agreement, which has given stability and strength to Mexico’s flagship port. Aside from Mayor Amezcua, Mexican government officials and port authorities also witnessed the signing of the CBA. Among the

attendees were Honorable Alfonso Navarrete Prida, Mexican Federal Government Labor and Social Security Secretary; Honorable Mario Anguiano Moreno, Colima State Governor; Honorable Guillermo Ruiz de Teresa, Ports and Merchant Marine Coordinator General; and Flor de Maria Cañaveral Pedrero, API Manzanillo Director. CMSA’s Specialized Container Terminal II (SCT-II) project is one of the main growth stimuli of the labor sector in Manzanillo. The ratification of the CBA strenghtens CMSA’s relationship with port authorities and the Union representing the port workers. SCT-II will drive economic empowerment and employment in the region. It is expected to generate up to 6,000 new jobs and create new demands for a variety of services.

Mr. Gutierrez welcomes Mexican government officials, port authorities and guests who witnessed the signing of the CBA.

Representatives of CMSA and CROM sign the CBA.

At the signing of the CBA between CMSA and CROM (from left): Honorable Flor de Maria Cañaveral Pedrero, API Manzanillo Director; Federal Deputy Arnoldo Ochoa, Mexican House of Representatives Chairman of the Maritime Commission; Honorable Roberto Barbosa, Colima State Federal Labor Officer; Honorable Mario Anguiano Moreno, Colima State Governor; Honorable Alfonso Navarrete Prida, Mexican Federal Government Labor and Social Security Secretary; Honorable Uriel Moreno, State Labor Secretary; Honorable Virgilio Mendoza Amezcua, Manzanillo Mayor; and Mr. Gutierrez

2013 ICTSI Annual Stockholders’ Meeting

ICTSI in 2012: Stability amid volatility International Container Terminal Services, Inc. (ICTSI) held its Annual Stockholders’ Meeting (ASM) last 18 April at the Peninsula Manila Hotel in Makati. Enrique K. Razon Jr., ICTSI Chairman and President, presided over the ASM, which was attended by over 200 hundred stockholders and guests. Re-elected to the Board were Mr. Razon, Jose Ibazeta, Andres Soriano III, Jon Ramon Aboitiz, Stephen Paradies and the two Independent Directors, namely, Octavio Victor Espiritu and Joseph Higdon.

Cecilio Lepe Bautista (left), Stevedores and Workers Union of the Pacific (CROM) Secretary General; and Enrique Gutierrez, Contecon Manzanillo, S.A. (CMSA) Chief Executive Officer, shake hands after ratifying their collective bargaining agreement (CBA).

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T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .

During the ASM, the stockholders approved the nomination of Sycip Gorres Velayo and Company as External Auditor of the Company for 2013. Meanwhile, the Board of Directors announced a PhP0.70 cash dividend per share for stockholders of record date 6 May, which was paid out on 21 May.

Enrique K. Razon Jr. (center), International Container Terminal Services, Inc. (ICTSI) Chairman and President, answers a question from a stockholder. Also in photo are Atty. Rafael Durian (left), ICTSI Corporate Secretary; and Jon Ramon Aboitiz, ICTSI Board Director. T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .

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International Container Terminal Services, Inc.

M AY 2 0 1 3

ICTSI Newsbreak

ICTSI 1Q income up 15% to US$40.7 million Volume up 12%, revenue up 20%

6

By Iva Roman

Adriatic Gate Container Terminal’s (AGCT) Border Inspection Point (BIP) Station became operational last 24 April after undergoing inspection by Croatian and European Union (EU) inspectors.

International Container Terminal Services, Inc. (ICTSI) has reported unaudited consolidated financial results for the quarter ended 31 March 2013, posting revenue from port operations of US$209.3 million, an increase of 20 percent over the US$173.8 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$97.5 million, 27 percent higher than the US$76.7 million generated in the first quarter of 2012; and net income attributable to equity holders of US$40.7 million, up 15 percent over the US$35.4 million earned in the same period last year. ICTSI handled consolidated volume of 1,496,462 twenty-foot equivalent units (TEUs) for the quarter ended 31 March 2013, 12 percent more than the 1,338,316 TEUs handled in the same period in 2012. The increase in volume was mainly due to the continuous growth in international and domestic trade in most of the Company’s terminals and the volume generated by the Company’s new terminal operations in Jakarta, Indonesia and Karachi, Pakistan. Excluding the volume from the two recent port acquisitions and the effect of the cessation of the operations in Syria effective January 2013, organic volume growth was relatively flat. The Company’s seven key terminal operations in Manila, Brazil, Poland, Ecuador, Madagascar, China and Pakistan accounted for 79 percent of the Group’s consolidated volume in the first quarter of 2013. Gross revenues from port operations for the quarter ended 31 March 2013 surged 20 percent to US$209.3 million, from the US$173.8 million reported in the same period in 2012. The increase in revenues was mainly due to higher storage revenues and ancillary services, favorable volume mix, tariff rate increases in certain key terminals, and the revenue contribution from the new terminals in Jakarta, Indonesia and Karachi, Pakistan. Excluding the revenues from the newly acquired terminals and the effect of the cessation of the operations in Syria, organic revenue growth was nine percent. The Group’s seven key terminal operations in Manila, Brazil, Poland,

AGCT starts operating BIP Station

Ecuador, Madagascar, China and Pakistan accounted for 85 percent of the Group’s consolidated revenues in the first quarter of 2013. Consolidated cash operating expenses in the first quarter of 2013 grew 15 percent to US$84.6 million, from US$73.8 million in the same period in 2012. The increase was mainly driven by higher volume-related expenses (i.e., on-call labor, fuel, power and repairs and maintenance), government-mandated and contracted salary rate increases in certain terminals, and the inclusion of the expenses of the new terminals in Jakarta, Indonesia, and Karachi, Pakistan. Excluding the cash operating expenses of the new terminals as well the impact of the cessation of the Company’s operation in Syria, total cash operating expenses would have increased by only six percent. Consolidated EBITDA for the first quarter of 2013 increased 27 percent to US$97.5 million, from US$76.7 million in 2012 mainly due to the stronger revenues from storage and ancillary services, tariff increases in certain key terminals and the contribution of the new terminals in Jakarta, Indonesia and Karachi, Pakistan. Excluding Jakarta and Karachi as well as Syria in 2012, EBITDA growth would have been 10 percent. Meanwhile, consolidated EBITDA margin increased to 47 percent in the first quarter of 2013 compared to 44 percent in the same period in 2012. Consolidated financing charges and other expenses for the quarter increased 33 percent from US$9.5 million in 2012 to US$12.6 million in 2013 primarily due to higher outstanding interest-bearing debt. ICTSI issued US$400 million of 10year bonds in January 2013 mainly to fund its capital expenditure program for 2013 and refinance medium-term loans. Capital expenditures for the first quarter of 2013 amounted to US$93 million, approximately 17 percent of the US$550 million capital expenditure budget for the full year 2013. The established budget is mainly allocated for the completion of the Company’s terminal development projects in Argentina and Mexico and the ramp-up of construction activities in Colombia and Davao, southern Philippines.

T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .

The BIP Station at AGCT is currently the only certified and operational BIP Station in the East Adriatic region. According to an EU Supervisor, the BIP station is “a role model in design, construction and operational procedures.” Its construction, which took 90 days to complete, ended last March. With Croatia joining the EU in July, the installation BIP stations was mandatory for all Croatian ports, including Rijeka. Starting 1 July, all cargo imported into European Union member-countries will be inspected within their ports. The presence of the BIP station in AGCT will enable Rijeka to be the first port of call in the Northern Adriatic region.

Before and after photos of the BIP Station

A container undergoes inspection at Adriatic Gate Container Terminal’s Border Inspection Point (BIP) Station.

PICT holds Annual General Meeting Pakistan International Container Terminal Ltd. (PICT) held its 12th Annual General Meeting last 11 April at the Beach Luxury Hotel in Karachi, Pakistan. Photo shows (from left) Romeo A. Salvador, ICTSI Country Representative; Aasim Azim Siddiqui, PICT Director; Rafael Consing Jr., PICT Director; Capt. Zafar Iqbal Awan; PICT Chief Executive Officer; M. Masood Ahmed Usmani, PICT Chief Financial Officer; Arsalan I. Khan, PICT Corporate Secretary; and Mohammad Atiq, PICT Corporate and Human Resources Manager. (Mohammad Atiq)

T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .

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ICTSI Newsbreak

International Container Terminal Services, Inc.

M AY 2 0 1 3

Do Good

KICT wins cricket championship A team of cricket players from Kattupalli International Container Terminal (KICT) recently won the championship of the All Cargo Premier League 2013. KICT dominated the finals by playing good defense, continuously hitting opponents with wickets and striking out the batter, which limited the opponent’s score to 69 runs in 8 overs against their 123 runs in 8 overs. Photo shows the members of the champion team (front row, from left): Senthil, Prabhu, Dheenan, Dominic, Muthukumar, Charles, Mahendran and Jayakumar; (back row, from left): Jesudoss, Rajesh, Vinothh, Amarnath, Harishankar, Aiyasamy, Jegan, Tamilvannan and Murali. (Bong Bonilla)

Mindanao public school teachers benefit from ICT training By Jes Vinson

Realizing the relevance of information and communication technology (ICT) in today’s education, ICTSI Foundation, Inc. (ICTSI-FI) partnered with Net Learn Ventures, Inc. (NLVI) for the conduct of ICT Integration in Education training for ICTSIFI’s public school partners in General Santos City and Davao City in Mindanao, Philippines. The training were held last 10 to 13 April and 15 to 18 April. A total of 157 public school teachers, 78 from General Santos City and 79 from Davao City, attended the training. The schoolbeneficiaries are: Labangal National High School, Labangal Elementary

School, Saavedra-Saway Central Elementary School and Saludin Anas Elementary School in General Santos City; F. Bangoy National High School, F. Bangoy Central Elementary School, Sasa Elementary School and Cornelio C. Reta Sr. Elementary School in Davao City. The topic for the two-day training was Building Classrooms without Walls: Maximizing the Use of Internet and Creating Online Resources. The training aimed to integrate the use of available online resources into the teacher’s regular lesson plan. This was a follow-up to ICTSI-FI’s My Computer Nook project, which provided computer laboratories to select public schools.

The attendees of the ICT Integration in Education training proudly show their certificates of attendance.

On Board

ICTSI appoints new ITSS Manager By Albert Joseph Canceran

International Container Terminal Services, Inc. (ICTSI) recently appointed Reynaldo Mark Cruz Jr. as Information Technology Systems and Services (ITSS) Manager for the Manila International Container Terminal (MICT). Mr. Cruz brings to ICTSI over 16 years of experience in information technology particularly in incident management, problem management, and information security. He was the Assistant Vice President for Global Technology for Innodata, Inc., a publicly owned company in the United States (US), which provides services, products, and solutions for creating, managing, and distributing digital information. During his 10-year stint, he spearheaded Global Technology that handles system support for the company’s offices in the US, Israel, Sri Lanka, India, and the Philippines. He also held posts in the Management Information Systems Departments of Rizal Commercial Banking Corporation and Centipede Asia. “I feel very fortunate to be part of the ICTSI Group. It feels great to be part of a company filled with dynamic people who are passionate about what they do and are brimming with bright new ideas,” Mr. Cruz said. Mr. Cruz is a graduate of Ateneo de Manila University where he took up a degree in Management Information Systems in 1997. In 2010, he completed the Management Development Program in Asian Institute of Management. He is a certified Information Technology

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ICTSI-FI fetes graduating scholars

Reynaldo Mark Cruz Jr., ICTSI ITSS Manager Infrastructure Library Practitioner, Chartered Business Administrator, and an EXIN Cloud Computing Foundation Professional. He keeps himself fit by playing basketball regularly. He is also a passionate soccer fan, a doting dad to his seven-year-old boy and four-year old daughter.

T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .

ICTSI Foundation, Inc. (ICTSI-FI) recently treated its scholars to lunch in celebration of their graduation from Tondo High School this year. The new graduates are Camille Abad, Pauline Daligdig, Jayson Bernard Ignalig, JM Joper Dimalanta and Jana Marie Alano. They thanked ICTSI-FI for the financial and moral support they received throughout their 4 years in high school. The scholarship program also provided them with continuous guidance, which helped them become more responsible individuals. The ICTSI-FI scholarship program, which was implemented in partnership with the Philippine Business for Social Progress, provided scholars with allowances for their daily meals and transportation, school supplies, school uniform, shoes and socks, books, payments for school and other miscellaneous expenses. (Jes Vinson) T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .

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International Container Terminal Services, Inc.

M AY 2 0 1 3

Do Good

Day care teachers go Lego Ten ICTSI Foundation, Inc. (ICTSI-FI)-assisted day care centers in Parola and Isla Puting Bato recently received Lego Duplo and Bricks sets from Felta Multi Media through ICTSI-FI’s program partner, the Philippine Business for Social Progress (PBSP). Meanwhile, a one-day Lego training and demonstration was held for their day care teachers at the PBSP Library last 10 April. The training aimed to enhance the teachers’ skills through play. (Marie de Guzman)

ICTSI-FI completes two-year Technology and Livelihood Education project

ICTSI-FI promotes volunteerism among ICTSI Employees

To promote volunteerism among International Container Terminal Services, Inc. (ICTSI) employees, ICTSI Foundation, Inc. (ICTSI-FI), in partnership with the Philippine Business for Social Progress (PBSP), recently conducted six half-day corporate social responsibility (CSR) orientations for 180 ICTSI employees. There were 30 participants per session. The objectives of the orientations were to inform ICTSI employees about ICTSI-FI and how it relates with the parent company’s CSR initiatives; basic CSR concepts; and opportunities where employee-

volunteers can participate. The first orientation was specifically designed for middle management to get their support for employee-volunteers among their ranks prior to cascading the sessions down the echelon of the organization. The series of orientations were held last 6 to 10 May 6-10 with the following categories: CSR orientation for ICTSI managers, CSR orientation for other ICTSI Employees and CSR role clarification workshop for ICTSI Departments with CSR initiatives. (Filip Laurena)

Level Up

AGCT Operations team trains at MICT ICTSI Foundation, Inc. (ICTSI-FI) and its implementing partner, the Philippine Business for Social Progress, turned over the last batch of technology and livelihood education equipment to Tondo High School and Dr. Juan G. Nolasco High School in Manila last 26 March. This completes the twoyear Technology and Livelihood Education Assistance project of ICTSI-FI. (Jes Vinson)

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T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .

A team of equipment operators from Adriatic Gate Container Terminal (AGCT) recently underwent training at the Manila International Container Terminal in preparation for the arrival of AGCT’s new equipment. Jay Valdez, International Container Terminal Services, Inc. (ICTSI) Operations Manager, supervised the training, which were facilitated by Patrick and Michael, ICTSI Trainers. Photo shows (from left): Eduard Brajkovic, Dejan Krapic, Ivan Petrovic, Dalibor Jurcic, Igor Prpic , Adrian Cebuhar, Milan Ogrizovic and Hrvoje Crnic. (Iva Roman) T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .

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I N T E R N AT I O N A L E D I T I O N

Ship Ahoy

MICT maiden call Vessel: Maria. Line: NYK. Capacity: 2,664 TEUs. Date: 12 April. Photo (from left): Dexter Guevarra, NYK FilJapan Shipping Corp. (NYKFJSC) Sales and Marketing Officer; Carmela Navales Rodriguez , NYKFJSC Operations Manager; Capt. Jaja Surjana, Vessel Master; Marlon Manansala, International Container Terminal Services, Inc. (ICTSI) Operations Superintendent; Noel Monzon, ICTSI Operations Manager; Julio Cabral, ICTSI Operations Manager; Ian Maambong, NYKFJSC Sales and Marketing Officer; Francis Dacasin Jr., NYKFJSC Boarding Officer; Fidem Sigaya, NYKFJSC Terminal Manager; and Noel Niro, NYKFJSC Sales and Marketing Officer. (John Resfel Sarmiento)

PICT inaugurates IMMA service Vessel: Imma. Line: NYK. Capacity: 1,721 TEUs. Date: 22 April. Photo (from left): Romy Salvador, International Container Terminal Services, Inc. Country Representative; Capt. Haleem A. Siddiqui, Pakistan International Container Terminal Ltd. (PICT) Chairman; Qamar Ul Hassan, Evergreen Green Pak Shipping Managing Director; and Capt. Zafar Iqbal Awan , PICT Chief Executive Officer. (Mohammad Atiq)

Captain Siddiqui (left) and Mr. Khokhar

Captain Siddiqui (left); Khalid Wasim Khokhar (center), Golden Shipping Lines Pvt. Ltd-UAFL Managing Director; and Adeel Khalid, Golden Shipping Lines Pvt. Ltd. Director Captain Awan (left) and Mr. Khokhar 12

T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .

May 2013 PortFolio  

The official publication International Container Terminal Services, Inc.

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