Annual Report 2020

An essential network for
central New Zealand

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Our Year

In a challenging year we have remained profitable thanks to our people, and we have made great progress on key projects on port.

Our
Business.

Our Business.

Our team have embraced the challenges a unique year has thrown at us. We are well placed to focus on our long-term regeneration.

CEO's Report

A year of regeneration, growth, and building resilience

“This year, the finalisation of the Kaikōura earthquake insurance claims, ownership of health and safety and fast COVID-19 pandemic response were highlights of the year. We continued to provide essential services through all alert levels, and while the global pandemic means ongoing uncertainty, CentrePort is well placed to continue delivering value to the central New Zealand economy,” – Derek Nind, Chief Executive.

Chair's Report

Pleasing progress during a challenging year

“The Board is reporting a successful year, which included the finalisation of the Kaikōura earthquake insurance claims and strong progress on the CentrePort regeneration,” – Lachie Johnstone, Chair.

Trades - Logs

Log trade strong again in FY20

CentrePort’s log trade has been growing at a steady pace for the past few years, driven by increasing demand and supported by expanding port and supply-chain capacity.

Trades - Containers

Container export volumes up

The container trade was steady in FY20, with the impact of COVID-19 curtailing growth. The container business was bolstered by the new ANZEX shipping service, complementing the existing three services Kiwi Express/Capricorn, South East Asia and Trans-Tasman Kiwi.

Trades - Ferries and Fuel

Ferries and fuel keeping the islands connected

The fuel and ferry businesses were strong throughout the year, despite both being impacted by the Alert Level 4 lockdown.

Trades - Cruise

Record-breaking year for cruise ships

The FY20 cruise season was a successful one, despite the uncertainty and challenges towards the end of the season. In total there were 112 visits, which beat the previous record of 110 established in the 2018/19 season.

Governance

Approach to Corporate Governance

The CentrePort Limited Board of Directors is committed to maintaining best-practice governance policies and behaviours.

Our
People.

Our People.

Our people excelled in FY20, keeping us operating safely during COVID-19 lockdown, improving their skills and living our values.

Essential people

Proud to be essential workers

Our essential workers excelled throughout the year, and especially during Alert Levels 4 and 3.

Health and Safety

Staying safe comes from teamwork

Health and safety is the primary focus for CentrePort in everything we do.

Training

Developing our talent on port

Our investment in training is lifting the capabilities of our team.

Developing Leaders

Investing in capability

The future leaders programme is encouraging our people to grow their skills and excel.

Values signage

Values

Truly embedded values

Our values underpin everything we do at CentrePort.

Community engagement

Being part of our community

CentrePort is a proud member of the Wellington region and community.

Our
Focus.

Our Focus.

Our focus is on regeneration, the overarching framework that underpins our work and will deliver a successful future port. As part of this, we are proud of our great progress on our medium-term operating plan projects and sustainability initiatives.

Regeneration

Planning our future

CentrePort’s regeneration will deliver a 21st-century logistics supply chain asset to benefit the business, the community, the environment and the New Zealand economy.

Medium-term Operating Plan

Ongoing improvements

The medium-term operating plan focuses on key enablers for regeneration.

Sustainability

A journey of transformation

CentrePort is continuing to innovate in sustainability and environment.

Our
Financials.

Our Financials.

Our full year results have put us in a good position to deliver service and value to the central New Zealand economy.