DP World

Operations

in Canada

Tabare Dominguez

Commercial Director

DP World, Vancouver, Prince Rupert, Nanaimo

Agenda

Section

1 Introduction to DP World

2 Vancouver

3 Prince Rupert

4 Commercial Advantage

2

Canada Update

DP World

Introduction to DP World 01

3

Canada Update

A World of Expertise

Canada Update

4

Argentina

Australia

Brazil

Canada - Vancouver

- Nanaimo

- Prince Rupert

- Saint John

Dominican Republic

Peru

Suriname

AUSTRALIA &

AMERICAS

Algeria

Belgium

Djibouti

Egypt

France

Germany

Mozambique

Netherlands

Romania

Saudi Arabia

Senegal

Spain

Turkey

UAE

UK

MIDDLE EAST,

EUROPE &

AFRICA

ASIA PACIFIC

& INDIAN

SUBCONTINE

NT China

Hong Kong

India

Indonesia

Pakistan

Philippines

South Korea

Thailand

Vietnam

• 61.7 MILLION TEU handled in 2015 • 77 MARINE and INLAND

TERMINALS across six continents

Our Business Model

Canada Update

5

From our home base in Dubai, our reputation has been built on knowledge and experience. ___

Today, the DP World name carries the expectation

of service and satisfaction – an expectation we

are happy to meet.

To Lead the Future of

World Trade Customer Focus &

Operational Excellence

Governance & Risk

Management

People & Culture

Sustainability

Marine/Inland Trade

Infrastructure & Services

Smart Trade Solutions

Four KEY locations in Canada

Canada Update

6

Nanaimo

Prince Rupert

Vancouver

Saint John

DP World

Vancouver

02

7

Canada Update

DP World Vancouver – Overview

Canada Update

8

Consistently best in class shipside and landside performance

Location: ideally located on the south shore of Vancouver inner harbour

Capacity: 900k TEU per annum

Shipside capability: • 2 container berths (645mts) • 6 quay cranes (7th deployed Jan 2017)

Intermodal connectivity:

• Rail/Road split: 60/40 • On-dock daily connection to Canada and US markets

via two rail networks

Strong labour relations

DPW Vancouver EXPANSION Plan

9

• 600k TEU additional capacity in 2019 • One additional new crane Jan 2017 • 2 new super post panamax QCs added

Berth length extended to 724mts

Rail tracks length extended and extra track added

Improvements to access roads

Dedicated empty yard

Reclaimed land

Canada Update

Vancouver Island

Canada Update

10

EXCLUSIVE service to/from Vancouver Island

COST and ENVIRONMENTAL SAVINGS: no trucking cost in Vancouver, containers moved directly from barge to deep-sea vessel

DP World

Prince Rupert

03

11

Canada Update

DPW Prince Rupert - Overview

Canada Update

12

Natural advantages: Closest N.American deep-sea port to Asia Deepest natural harbour in N.America Lower rail track elevation over Rocky Mountains

compared with other West Coast ports

Shipside capability: Berth expansion from July 2017 will be able to

accommodate the world’s largest container ships

Premium rail operations: Containers rapidly moved between vessels and rail (2 days dwell time) Minimum transit time through metropolitan area

Strong labour relations

Fastest route to North American markets with capability to handle ultra large container vessels

Prince Rupert expansion on schedule to GO LIVE JULY 2017

Canada Update

13

Capability to handle 20k+ TEU size

container ships

Prince Rupert NEXT EXPANSION Phase 2.4 m TEU capacity by 2022

Canada Update

14

Phase 2

South

DP World

Commercial Advantage 04

15

Canada Update

Improving MARKET ACCESS

Canada Update

16

Vancouver and Prince Rupert provide an INTERMODAL COST/TIME ADVANTAGE FOR ~10-12 MILLION TEU. 84 % with Asia.

Volume handled by North American West Coast ports was

~25 million TEU in 2015

Big ship CAPABILITY

Canada Update

17

DPW Prince Rupert is one of the few terminals in North America that can accommodate ships with 20,000+ TEU capacity

1968

1972

1980

1984

1996

1997

2002

2003

2005

2006

2012

2013

2014/

2015

2018

Encounter Bay 1,530 TEU

Hamburg Express 2,550 TEU

Neptune Garest 4,100 TEU

American New York 4,600 TEU

Regine Maersk 6,400 TEU

Susan Maersk 8,000+ TEU

Charlotte Maersk 8,850 TEU

Ann Maersk 9,050+ TEU

Cjernud Maersk 10,000+ TEU

Emma Maersk 11,000+ TEU

New Panamax 12,500 to 14,000 TEU

Maersk McKinney Maller 18,270 TEU

CSCL Globe/MSC Oscar 19,000+ TEU

22,000 TEU

Container-carrying

capacity has increased by

approximately 1,200%

since 1968

Panama Canal restriction

limits vessels to a maximum

14,000 TEU capacity

Source: Mercator

Sound Market FUNDAMENTALS

Canada Update

18

Vancouver and Prince Rupert ports are well suited to capitalize on Asian–North American trade growth

Source: Mercator

Volumes Growth Rates by Trade Routes

CAGR: 3.9%

CAGR: 1.3%

CAGR: 2.6%

Compound Annual Growth Rates

2020 2025 2030 2035 2040 2046

GDP (US/Can combined) 2.7% 2.5% 2.4% 2.4% 2.4% 2.3%

TEU 4.1% 3.7% 3.5% 3.4% 3.3% 3.2%

(4.0%)

(2.0%)

-

2.0%

4.0%

6.0%

8.0%

10.0%

2012 2013 2014 2015

Gro

wth

%

Transpacific Asia-Europe TransatlanticSource: Drewry

New Export Oriented Markets

Canada Update

19

Prince Rupert & DPW Vancouver strategic location and connectivity as a key gateway for new exports from Western Canada

Western Canada regions’ real GDP has historically outshined that of Canada as a whole British Columbia contributes 33% of Canada’s exports to China in 2015 as opposed to 19% in 2008 General containerization of certain commodities from dry-bulk/break-bulk to containers

Eastern Canada and Mid-West US are the industrial hubs in North America that drive volume and generate additional capacity for export

Canadian Prairies is a growing agri-products export market

Western Canada, especially British Columbia’s forestry, aquaculture and mineral products will drive growth

Ohio Valley

Southeast

Midwest (M.

West)

Eastern Canada (E. CDA)

Canadian Prairies (CDA.P)

British Columbia

(Local CDA)

Real GDP and Real GDP growth rates of Canada and Western Canada

C million 2010 2011 2012 2013 2014 CAGR

2010-14

Canada 1,593,357 1,640,522 1,672,067 1,705,567 1,748,718 2.40%

Western Canada 519,548 543,440 562,716 580,900 601,350 3.70%

Growth %

Canada 3.4% 3.0% 1.9% 2.0% 2.5%

Western Canada 4.0% 4.6% 3.5% 3.2% 3.5% Source: Mercator

Thank you