Adapting innovating delivering

Global Ports Investments PLC

Annual Report 2021

The only player with a network of terminals in key container gateways of Russia. Global Ports features best-in-class operational management, excellent logistics expertise, an outstanding asset base, and innovative IT systems.

Annual Report 2021
# 1
container terminal
operator in RussiaIn terms of container throughput and container handling capacity, based on ASOP data for FY 2021.
7
Marine container and multipurpose terminals in Russia and Finland

Operating Performance

In 2021 we continued to deliver excellent quality of operations launching a range of new services and supporting our clients, secured our market share and achieved long-term deleveraging targets. We continued to take steps to sharpen our operational efficiency investing in our container terminal.

Strategic Report
2.8 %
Consolidated Marine Container Throughput up 2.8% y-o-y to 1,576 thousand TEU with strong market position successfully protected in all key basins of presence
4.3 mln
tonnes
Consolidated Marine Bulk Throughput of 4.3 million tonnes (—14.6% y-o-y) on the back of the strategic decision to cease coal handling at VSC to drive more profitable container volume growth
We continued to take steps to sharpen our operational efficiency in 2021
25.2 thousand
units
High and Heavy Ro-Ro handling (+24.4%)
104.9 thousand
units
Car handling (+27.8%)

Strong financial results

Excellent results of the year confirm the efficiency of our strategy and business model.

Business Review
+17.4 %
Adjusted EBITDA
to USD 264.2 million
USD 143.9 mln
Net profit for the year (2.9х y-o-y)
+46.9 %
Free Cash Flow
to USD 129.1 million

CEO Statement

2021 marked a year of strong performance for Global Ports in a second successive year of volatility for the sector.

Albert Likholet, Сhief Executive Officer of Global Ports,
Management LLC

CEO Statement

Environmental, Social and Governance

As the leading container ports group in Russia, we have long understood the importance of sustainability and we work hard to meet our ESG responsibilities

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Our approach to developing a sustainable safety culture is based on three principles:
  • providing a safe working environment
  • providing comprehensive implementation plans built around best practice safety and compliance standards
  • offering comprehensive training focused on risk awareness and reduction
more
than 2,900
people work for us
usd 72.5 mln
paid to all employees
in 2021
In the Russian Far East, in cooperation with the Green Patrol organisation, we financed the work to de-pollute Lake Solyonoye and rid it of harmful oil products.
rub 38 mln
spent on environment protective measures
In our charity financing we are focused on health, education, welfare and culture.
rub 20 mln
spent on charityEquivalent of USD 0.5 mln

Corporate Governance

Global Ports has a rigorous approach to governance and continues to improve its standards.

Corporate Governance
The Board of Directors
Directors’ superior mix of knowledge and experience
  • 10
    Industry
  • 6
    Risk management
  • 5
    Sustainable development
  • 7
    Other

11

total

3

Independent
Non-Executive
Directors

8

Non-Executive
Directors

Shareholder Engagement: The Group’s Management conducted over 200 online meetings and participated in 7 virtual investor conferences and roadshows in 2021.