C O N TA I N E R T E R M I N A L & P O R T O P E R AT O R S I N C . CEO I SEAN R. PIERCE srpierce@yilport.com.

tr

Y I L P O RT

WHO WE ARE
Mining & Ferroalloys Fertilizer & Chemicals Coal & Coke Energy Port Management Shipping & Ship Building Private Equity Real Estate Development Construction

Source: YILDIRIM

YILDIRIM GROUP

WHERE WE ARE

TURKEY (HQ) IRELAND BELGIUM NETHERLANDS SWEDEN MALTA

EUROPE

FAR EAST
CHINA

AMERICA
USA COLOMBIA SOUTH AFRICA (2013)
Source: YILDIRIM

AFRICA

YILDIRIM GROUP

GLOBAL GROWTH
12% 10% 8% 6% 4% 2% 0% -2% -4% -6% 2005
Source: IMF

Real GDP Growth Of Selected Countries (2005-2011)

Argentina Colombia Malaysia Poland Turkey United Kingdom Vietnam

2006

2007

2008

2009

2010

2011

ECONOMIC REVIEW

REAL GDP vs. CONTAINER PORT TRAFFIC GROWTH

o f Wo r l d ( 2 0 0 1 - 2 0 1 1 )
20% 15% 10% 5% 0% -5% -10% -8.5% 4.6% 2.4% 3.7% 2.9% 4.9% 12.1% 12.7% 14.0% 11.2% 4.5% 10.8% 5.2% 5.4% 4.8% -0.6% 2.8% 5.3% 5.0% 3.9%

17.5%

14.6%

Container Port Traffic

Source: IMF, World Bank

Real GDP Growth

GDP & CARGO VOLUMES

REAL GDP vs. CONTAINER PORT TRAFFIC GROWTH

of UK (2001-2011)
30% 25% 20% 15% 10% 5% 0% -5% -10% -15% -20%

24.3% 10.2% 3.5% 3.0% -5.1% 2.1% 2.6% 3.5% -1.1% -4.4% -6.7% 2.1% -0.9% 2.2% 2.3% 2.0% 0.7%

9.7% 3.2% 2.7% 0.0%

-16.7%

Container Port Traffic

Source: IMF, World Bank

Real GDP Growth

GDP & CARGO VOLUMES

REAL GDP vs. CONTAINER PORT TRAFFIC GROWTH

o f Tu r ke y ( 2 0 0 1 - 2 0 1 1 )
60% 50% 40% 30% 20% 10% 0% -10% -20% Container Port Traffic
Source: IMF, Turklim

50.5%

24.5% 6.2% -4.1% -5.7% 5.3% 3.5% 9.4% 8.4% 16.0% 7.2% 6.9%

27.0% 11.5% 0.7% -4.8%

22.7% 13.8% 9.0% 8.5%

4.7%

-13.3%

Real GDP Growth

GDP & CARGO VOLUMES

CONTAINER PORT TRAFFIC 2000-2011*

10 9 8 7 6 5 4 3 2 1 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Turkey
Source: World Bank, Turklim * maximum value in 2004 = 100

10

8.3 6.4 7.1 7.1 6.7

8.2

8.4

8.6 7.2 5.2 6.7 4.5 7.4 5.5 7.5 6.6

4.7 2.3 2.4 3.0 3.2 3.7

1.6

1.5

United Kingdom

TURKEY VS. UK

CONTAINER CONNECTIVITY INDEX

100 90 80 70 60 50 40 30 20 10 0 2004 2005 2006 Turkey
Source: World Bank; *maximum value in 2004 = 100

L i n e r S h i p p i n g C o n n e c t i v i t y - Tu r ke y v s . U . K . *

11

2007

2008

2009

2010

2011

United Kingdom

TURKEY VS. UK

QUALITY OF PORT INFRASTRUCTURE COMPARISON*

6 5 4 3 2 1 0 2007 2008 Turkey 2009 2010 2011 United Kingdom

12

Source: World Bank * 1=extremely underdeveloped to 7=well developed and efficient by international standards

TURKEY VS. UK

PREDICTION

13

Rate of containerization to increase Increased use of 20 containers for bulk and liquid cargo Increase in number of Lines offering services Accelerated use of deep sea containers to DCs (UPS and DHL)

Source: ???

GDP & CARGO VOLUMES

14

WHAT IS DRIVING CHANGE & INVESTMENT?

15

1981
L Lica Class; 3,430 TEU

1997
S Sovereign Class; 8,000 TEU

Triple E Class; 18,000 TEU

2013

R Regina Class; 6,000 TEU

1996

E Emma Class; 14,500 TEU

2006

22,000 TEU

INCREASE IN VESSEL SIZE

WHAT IS DRIVING CHANGE & INVESTMENT?

16

Triple E Class; 18,000 TEU

2013

22,000 TEU

INCREASE IN VESSEL SIZE

GLOBAL TRADE LANES

17

Source: Kaluza P et al. J. R. Soc. Interface

T U R K E Y, R E D T O Y E L L O W

REGIONAL PORTS

18

Yilport-Gebze Yilport-Gemlik Malta Port

Source: YILPORT Research Department

REGIONAL PORTS

CONTAINER HANDLING ACTIVITIES IN TURKEY

Marmara 2011 TEU
Tekirdag Ports Akport/7,890 Ambarli Ports Marport/1,404,760 Kumport/843,776 Mardas/449,350

19

Izmit Bay Ports Yilport Gebze/230,884 Evyapoport/283,903 Derince/1,825

Haydarpaa/204,652 Bandirma/2,072

Existing Ports Will Be Closed Source: YILPORT Research Department

Gemlik Bay Ports Gemport/462,987 Borusanport/195,196 Rodaport/107,322

C O M P E T I T I V E O V E R V I E W O F C O N TA I N E R P O R T S

CONTAINER HANDLING ACTIVITIES IN TURKEY

Marmara Planned TEU
Tekirdag Ports Asyaport/Y2013 1.0M

20

Izmit Bay Ports Beldeport/Y2013-1.5M DPWorld/Y2015-1.0M

PORT EXPANSION : 1.4M PRIVATIZATION: 1.0M

Existing Ports Will Be Closed New Developments Source: YILPORT Research Department

Gemlik Bay Ports Yilport Gemlik/Y2014-600k

C O M P E T I T I V E O V E R V I E W O F C O N TA I N E R P O R T S

CONTAINER HANDLING ACTIVITIES IN TURKEY

Current and Previous TEU
MARMARA PORTS 4.195M
YILPORT

21

BLACK SEA PORTS 44k

Aegean

2011(TEU)

16%
Med

AEGEAN PORTS 1.075M MEDITTERANIAN PORTS 1.299M Development (K TEU)

1,581 2001 1,949 2002 2,496 2003 3,081 2004 3,301 2005 3,823 2006 4,700 2007 5,228 2008

20% 1%

Marmara

63%

4,521 2009

5,866

6,613

2010

2011

Source: YILPORT Research Department

C O M P E T I T I V E O V E R V I E W O F C O N TA I N E R P O R T S

CONTAINER HANDLING ACTIVITIES IN TURKEY

Planned TEU
MARMARA PORTS 5.4M AEGEAN PORTS 6.75M MEDITTERANIAN PORTS 6.35M BLACK SEA PORTS 1.M

22

19.6M TEU Capacity Increase

Source: YILPORT Research Department

by 2015

C O M P E T I T I V E O V E R V I E W O F C O N TA I N E R P O R T S

23

2023 STRATEGY OF TURKEY

Transportation Railways New 10 Thousand km of High-Speed Train Network Expansion Carrying 200 million Goods per Year by Railways Supporting Industrial Parks with Direct Railway Connections Highways 15 Thousand Kilometers of New Divided Highway Ankara- Eskiehir- Istanbul zmir-Istanbul zmir-Candarli
Source: http://www.akparti.org.tr

24

T U R K E Y 2 0 2 3 P L A N & I N F R A S T R U C T U R E S T R AT E G Y

2023 STRATEGY OF TURKEY

Ports

25

At least one Turkish port to be included among the worlds 10 largest ports by 2023. At least one main transshipment port will be constructed in each of the seven regions of the country Privatizations Building North Aegean (Candarl) Port Investment in existing ports (Alsancak Port, Aliaga & Nemrut piers)

Source: http://www.akparti.org.tr

T U R K E Y 2 0 2 3 P L A N & I N F R A S T R U C T U R E S T R AT E G Y

2023 STRATEGY OF TURKEY

Logstc Villages Kemalpasa (Aegean)

Logistics and Industry

26

Samsun, Denizli, zmit ve stanbul-Halkal (Completed) stanbul- Yeilbayr, Kayseri- Boazkpr, Eskiehir- Hasanbey, Bilecik-Bozyk, Balkesir-Gkkoy, Mersin-Yenice, Erzurum-Palandken, Konya-Kayack, zmir ve Uak (Under Construction) Industry Production center of Avrasya

Source: http://www.akparti.org.tr

T U R K E Y 2 0 2 3 P L A N & I N F R A S T R U C T U R E S T R AT E G Y

2023 STRATEGY OF TURKEY

Railways Existing Lines & New Projects

27

Source: TCDD

Source: E G T U R K E Y 2 0 2 3 P L A N & I N F R A S T R U C T U R E S T R AT TCDDY

2023 STRATEGY OF TURKEY

Railways Existing Lines & New Projects (Gebze)

28

Source: TCDD

T U R K E Y 2 0 2 3 P L A N & I N F R A S T R U C T U R E S T R AT E G Y

DEMOGRAPHICS AND LOAD CENTERS

Port Locations City Centers Istanbul

29

Ankara

Izmir
Source: World Development Indicators database, World Bank, 1 July 2011

T U R K E Y 2 0 2 3 P L A N & I N F R A S T R U C T U R E S T R AT E G Y

30

YILPORT - GEBZE

Perfect Location & Accessibility

31

Bridge to Black Sea and located at the crossroads of Europe and Asia Serving a large Industrial and Consumer Market Accessibility without congestion
INVESTMENTS - PORTS

YILPORT - GEBZE

32

Targeted to be the first Turkish Global Terminal Operator in Maritime Industry

INVESTMENTS - PORTS

YILPORT - GEBZE

M u l t i - P u r p o s e Te r m i n a l

33

Container Terminal capacity at 520,000 TEUs General Cargo capacity at 4,000,000 million tons Liquid Cargo capacity at 750,000 tons Additional services 5,600 m 2 Warehouse Bonded CFS Outside CFS
INVESTMENTS - PORTS

YILPORT - GEBZE

M a i n & I n l a n d Te r m i n a l s Berths Berth 1&2 container operations Berth 3-5 multipurpose Yard Main Terminal 96,500 m2 9 RTG Blocks Inland Depot 26,500 m2 3 RTG Blocks 295 Reefer Connections Container Gates Automated gate operations INVESTMENTS - PORTS

34

YILPORT - GEBZE
Equipment

35

Container Terminal Equipment 4 Quay Cranes (MES-Japan) 18 RTGs (MES-Japan) 2 MHCs (Gottwald) General Cargo Terminal Equipment Mobile Harbor Cranes Excavator Cranes Support Equipment

INVESTMENTS - PORTS

YILPORT - GEBZE

Near Future Phase 2 Layout

36

INVESTMENTS - PORTS

YILPORT - GEBZE

Near Future Phase 2 Layout

37

Second Phase to be completed in 2014

Over 500,000 TEU new capacity 450 m of additional berth New equipment: 4 QC, 5 RTG INVESTMENTS - PORTS

YILPORT - GEBZE

Near Future Phase 3 Layout

38

Third Phase to be completed in 2016

Increased stacking capacity Additional berth Equipment: 3 QC, 4 RTG

INVESTMENTS - PORTS

YILPORT - GEMLIK
Near Future Multipurpose terminal Completion in 2014 Projected Capacity in Phase I 600,000 TEUs Liquid, General, Bulk, and RoRo Cargo operations Over 740m of available berth in Phase 1 17 meters depth at berth Latest technologies Green terminal 35 moves per hour! Logistics Center INVESTMENTS - PORTS

39

YILPORT - MALTA

A M a j o r Tr a n s s h i p m e n t H u b i n t h e M e d i t e r r a n e a n

40

Quay Length: Terminal Area: Ground Slots: Max. Berthing Draft:

2,140 m 680,000 m 15,087 TEUs -17 m

INVESTMENTS - PORTS

YILPORT - MALTA

A M a j o r Tr a n s s h i p m e n t H u b I n T h e M e d i t e r r a n e a n

41

INVESTMENTS - PORTS

YILPORT - MALTA
Existing Layout

Future Developments Development (2013)

42

Development (2014-18)

INVESTMENTS - PORTS

43