1 00:00:01,040 --> 00:00:04,840 Speaker 1: You're listening to a shares these podcast. If we look 2 00:00:04,880 --> 00:00:09,320 Speaker 1: at exportant imports is around about ninety percent of these 3 00:00:09,640 --> 00:00:12,160 Speaker 1: actually come by sea, so it sort of put some 4 00:00:12,240 --> 00:00:16,200 Speaker 1: perspective the importance of a port, regardless of where it is. 5 00:00:16,200 --> 00:00:19,520 Speaker 2: Perhaps yeah, absolutely reports so critical to New Zealand's economy. 6 00:00:20,280 --> 00:00:22,239 Speaker 2: Over ninety percent of what we produce goes out through 7 00:00:22,239 --> 00:00:25,800 Speaker 2: a port via sea to our international markets. Well over 8 00:00:25,880 --> 00:00:28,640 Speaker 2: ninety percent of what New Zealand producers goes above the equator. 9 00:00:29,440 --> 00:00:32,400 Speaker 2: So New Zealand is heavily dependent on an efficient supply 10 00:00:32,520 --> 00:00:35,600 Speaker 2: chain through to ports, a good shipping network coming through 11 00:00:35,640 --> 00:00:38,920 Speaker 2: New Zealand, and to be able to reach our global markets, 12 00:00:38,960 --> 00:00:41,720 Speaker 2: which is where we get our income from. We are 13 00:00:42,159 --> 00:00:45,960 Speaker 2: a unique place in terms of where our population is 14 00:00:46,000 --> 00:00:49,800 Speaker 2: based along a long, skinny, narrow couple of islands. Most 15 00:00:49,800 --> 00:00:52,239 Speaker 2: of our imports go into the Upper North Island, but 16 00:00:52,280 --> 00:00:54,200 Speaker 2: then all those containers and things that get emptied out 17 00:00:54,240 --> 00:00:56,040 Speaker 2: up there, they will need to be redirected below the 18 00:00:56,040 --> 00:00:59,400 Speaker 2: Bombay Hills primarily to where we produce stuff, and that 19 00:00:59,440 --> 00:01:02,400 Speaker 2: generally comes out of places like Hawk's Bay, So we 20 00:01:02,480 --> 00:01:05,640 Speaker 2: need to have good shipping links and good connectivity to 21 00:01:05,640 --> 00:01:08,320 Speaker 2: those shipping links from the land side to get our 22 00:01:08,360 --> 00:01:09,240 Speaker 2: products to market. 23 00:01:10,440 --> 00:01:13,200 Speaker 1: So when we talk about the revenues that you would have, 24 00:01:13,600 --> 00:01:17,120 Speaker 1: what's the waiting, what's the breakup? You talked about cruise ships, 25 00:01:17,120 --> 00:01:21,000 Speaker 1: you talked about bulk goods cargo, I mean, and what 26 00:01:21,480 --> 00:01:22,640 Speaker 1: what is some of that cargo. 27 00:01:23,000 --> 00:01:26,160 Speaker 2: Yeah, so we have if you break up our revenue 28 00:01:26,200 --> 00:01:30,440 Speaker 2: streams into primarily three main buckets, we have our container trade, 29 00:01:30,440 --> 00:01:33,080 Speaker 2: our bulk trade, and our primarily our cruise trade. We 30 00:01:33,080 --> 00:01:36,240 Speaker 2: have some smaller other ancillary pieces as well, and leases 31 00:01:36,319 --> 00:01:38,760 Speaker 2: and other things that we generate and come from. But 32 00:01:39,160 --> 00:01:42,600 Speaker 2: primarily about just under sixty percent fifty seven fifty eight 33 00:01:42,600 --> 00:01:45,240 Speaker 2: percent of our revenue is linked to the container trade, 34 00:01:46,560 --> 00:01:50,360 Speaker 2: and the other thirty five percent is linked to our 35 00:01:50,400 --> 00:01:54,560 Speaker 2: bulk trades, primarily made up of logs and the log exports, 36 00:01:55,000 --> 00:01:57,320 Speaker 2: and then the remaining trades. Somewhere in that five to 37 00:01:57,360 --> 00:02:01,320 Speaker 2: seven percent ranges is cruise cruise industry. And that's in 38 00:02:01,360 --> 00:02:04,360 Speaker 2: the last couple of years really since COVID come back 39 00:02:04,400 --> 00:02:07,400 Speaker 2: really strongly and has good growth in it in the 40 00:02:07,400 --> 00:02:08,120 Speaker 2: future as well. 41 00:02:08,200 --> 00:02:10,240 Speaker 1: Because one thing for most New Zealander is when you 42 00:02:10,280 --> 00:02:13,280 Speaker 1: think about aport, we probably think about containers. We think 43 00:02:13,320 --> 00:02:18,520 Speaker 1: about ships quite traditional view, whereas I think logistics with 44 00:02:18,680 --> 00:02:21,280 Speaker 1: tech and the like has probably moved on a fair bit. 45 00:02:21,560 --> 00:02:25,320 Speaker 1: There's also been obviously supply chain issues with COVID and 46 00:02:25,520 --> 00:02:29,120 Speaker 1: other issues. The likes of Maine Freight reported recently and 47 00:02:29,160 --> 00:02:31,720 Speaker 1: they were disappointed in their results because of some of 48 00:02:31,760 --> 00:02:34,320 Speaker 1: the challenges, which I assume that you guys would have 49 00:02:34,320 --> 00:02:37,440 Speaker 1: seen as well. But what are some of those newer 50 00:02:37,480 --> 00:02:39,800 Speaker 1: sort of revenue streams you're looking at? Well, what's the 51 00:02:39,840 --> 00:02:41,360 Speaker 1: potential for a port? 52 00:02:42,520 --> 00:02:45,400 Speaker 2: Yeah, okay, so most of our revenue and our income 53 00:02:45,440 --> 00:02:47,680 Speaker 2: and things gets generated through the activity that goes across 54 00:02:47,720 --> 00:02:50,720 Speaker 2: our wharfs. But what I think you're seeing in terms 55 00:02:50,720 --> 00:02:53,160 Speaker 2: of across the supply chain is bigger players, the likes 56 00:02:53,160 --> 00:02:56,760 Speaker 2: of your big shipping lines, your mergs, CMA's port companies, 57 00:02:57,120 --> 00:02:58,840 Speaker 2: some of the bigger freight forwarders, the likes of main 58 00:02:58,840 --> 00:03:02,000 Speaker 2: freights and things that have good assets across a large 59 00:03:02,040 --> 00:03:06,080 Speaker 2: network expanding their services upstream and downstream and the supply chain. 60 00:03:06,120 --> 00:03:08,760 Speaker 2: So you know, we're doing the same here in NAPI 61 00:03:08,840 --> 00:03:10,640 Speaker 2: Port as well. You know, we're looking at how we 62 00:03:10,680 --> 00:03:13,440 Speaker 2: actually extend the reach of the port, whether that's through 63 00:03:13,440 --> 00:03:18,519 Speaker 2: providing technology but also critical links into infrastructure, so where 64 00:03:18,520 --> 00:03:21,480 Speaker 2: that's roading and rail links and warehousing links to allowed 65 00:03:21,560 --> 00:03:23,919 Speaker 2: us to extend the reach of the port and provide 66 00:03:23,960 --> 00:03:27,480 Speaker 2: a seamless supply chain experiences for customers and the cargo 67 00:03:27,160 --> 00:03:31,520 Speaker 2: that's flying through on either out of there in what 68 00:03:31,560 --> 00:03:35,720 Speaker 2: we call the hinterland further afield from the port, making 69 00:03:35,720 --> 00:03:38,960 Speaker 2: sure there's good connectivity in terms of those that infrastructure 70 00:03:39,000 --> 00:03:42,760 Speaker 2: with its road and rail shipping, coastal shipping links through 71 00:03:42,800 --> 00:03:45,640 Speaker 2: to the port to get that cargo going over our wharfs. 72 00:03:46,160 --> 00:03:49,200 Speaker 2: The other piece of that is that's significant investment going 73 00:03:49,240 --> 00:03:53,680 Speaker 2: in around making supply chain easier to transact with new 74 00:03:53,760 --> 00:03:56,600 Speaker 2: systems and technology coming on stream that makes it easier 75 00:03:56,640 --> 00:03:59,760 Speaker 2: for people will to interact with their service providers, giving 76 00:03:59,800 --> 00:04:02,560 Speaker 2: them the additional visibility into the supply chain as well, 77 00:04:03,120 --> 00:04:06,200 Speaker 2: and that's become far more and more important as people 78 00:04:06,240 --> 00:04:09,600 Speaker 2: want to be able to order something straight off their 79 00:04:09,600 --> 00:04:11,960 Speaker 2: phone and they don't want to have to lift the 80 00:04:12,000 --> 00:04:14,280 Speaker 2: phone up and wring this person or talk to that person. 81 00:04:14,480 --> 00:04:18,120 Speaker 2: They want to seemless experience, particularly the consumer end, and 82 00:04:18,160 --> 00:04:21,920 Speaker 2: then they want things that's an instantaneous gratification. They want 83 00:04:21,960 --> 00:04:24,400 Speaker 2: it there the next day. And so the supply you 84 00:04:24,560 --> 00:04:28,080 Speaker 2: have to we has to work really, really smoothly, and 85 00:04:28,160 --> 00:04:31,760 Speaker 2: when it doesn't, you see some of those issues appear, 86 00:04:31,800 --> 00:04:34,960 Speaker 2: and suddenly the supply chain becomes more important in everybody's lives, 87 00:04:35,000 --> 00:04:37,240 Speaker 2: and I think COVID was a great example of that. 88 00:04:38,400 --> 00:04:41,560 Speaker 2: Prior to COVID, to the supply chain and ports and 89 00:04:41,600 --> 00:04:44,039 Speaker 2: ships and trucking companies and things, we're probably just in 90 00:04:44,040 --> 00:04:47,040 Speaker 2: the back of people's minds. It didn't really worry too 91 00:04:47,040 --> 00:04:50,120 Speaker 2: many people. But when things go wrong suddenly it's like, Wow, 92 00:04:50,920 --> 00:04:52,840 Speaker 2: what do you mean I can't get my goods tomorrow? 93 00:04:53,320 --> 00:04:57,360 Speaker 2: What's going on there? And understanding that all that background 94 00:04:57,440 --> 00:05:00,000 Speaker 2: work has to work seamlessly in order for the custom 95 00:05:00,000 --> 00:05:01,840 Speaker 2: and to get a good experience, in order for the 96 00:05:01,880 --> 00:05:03,680 Speaker 2: products to be on the shelf when you want them, 97 00:05:04,360 --> 00:05:06,800 Speaker 2: And there's a lot of systems, technology and processes behind 98 00:05:06,839 --> 00:05:08,839 Speaker 2: the scenes that have to work smoothly for that to happen, 99 00:05:09,200 --> 00:05:12,599 Speaker 2: as well as great people as well obviously to deliver it. Also, 100 00:05:14,279 --> 00:05:16,880 Speaker 2: we are looking at how we extend our reach through 101 00:05:17,240 --> 00:05:20,840 Speaker 2: services like Viewpoint. We've just launched a new new business 102 00:05:20,880 --> 00:05:22,600 Speaker 2: in the market. We've been working on that for a 103 00:05:22,640 --> 00:05:23,279 Speaker 2: couple of years. 104 00:05:23,720 --> 00:05:27,440 Speaker 1: Investing involves risk you might lose the money you start with. 105 00:05:27,920 --> 00:05:31,680 Speaker 1: We recommend talking to a licensed financial advisor. We also 106 00:05:31,720 --> 00:05:35,640 Speaker 1: recommend reading product disclosure documents before deciding to invest.