Centreport Post Earthquake Update Fonterra April 2017

Introduction Quake struck at 0010 Monday 14th November Despite being centred In North Canterbury, Wellington was badly hit CentrePort sustained significant damage Initial work focussed on re-establishing lifeline activities of ferries and oil delivery All trades have resumed to pre-earthquake capacity except containers Significant disruption and increased costs are incurred by regional shippers and lines due to closure CentrePort is working hard and fully committed to resuming container crane operations

Earthquake Energy Release 72.00% November 2016 Earthquake Source: http://www.stuff.co.nz/national/86555831/Getting-to-grips-with-the-energy-released-by-a-magnitude-7-8-earthquake 2010/2011 Christchurch Earthquakes 11.59%

The earthquake One of the largest earthquakes in New Zealand’s history Lasted 90 seconds Involved 6 fault lines One of the most complicated inland earthquakes ever studied Kaikoura seabed rose ~5.5m Energy was focussed northwards from the epicentre towards Wellington Up to $2bn and 12 months to restore State Highway 1 in South Island Source: https://earthquake.usgs.gov/earthquakes/eventpage/us1000778i#map http://info.geonet.org.nz/display/quake/2016/11/16/Shaking+from+Kaikoura+Earthquake?preview=/20545678/20545833/PGAmap_M7.8_V4.png Key facts table

Damage at energy release Source: https://earthquake.usgs.gov/earthquakes/eventpage/us1000778i#map http://info.geonet.org.nz/display/quake/2016/11/16/Shaking+from+Kaikoura+Earthquake?preview=/20545678/20545833/PGAmap_M7.8_V4.png

Damage at Energy Release Source: https://earthquake.usgs.gov/earthquakes/eventpage/us1000778i#map http://info.geonet.org.nz/display/quake/2016/11/16/Shaking+from+Kaikoura+Earthquake?preview=/20545678/20545833/PGAmap_M7.8_V4.png

Damage - southwall

Damage - depot

Damage – road/rail exchange

Damage - terminal

Damage – container wharf Land has settled down the length of Thorndon Container Wharves (TCW 1 and 2) Damage to piles Lateral movement of wharves Currently unusable Cranes are static

Progress – terminal and rail

Progress - depot

Progress – terminal

Port Status - January Direction of Force Accessible/ inaccessible port areas 1000m of Berth 5 Berths Coastal RORO Ferry Service Bulk Vehicle Imports Cruise Vessels Fuel Services Geared Container Berth Logs Container Terminal Depot

Container wharf works are underway New maps from Anthony – Ray

Crane Reinstatement Strengthen front and back piles of wharf structure Tie the wharf back to solid ground – protect the cranes Ground stabilised in back reach Back reach used for feeding the hook Strengthened section isolated from remainder of damaged wharf Work commenced 9 January 2017 New maps from Anthony – Ray

Container business plan Targeting quarter 3 for full container operations Both STS cranes 125m of wharf with full traversing of cranes (4 bays) Targeting 25 cmph / 45 bmph Unrestricted ship length Equivalent capacity of pre-earthquake Amended operating plan Feeding the hook Utilising the back reach

CentrePort was achieving strong growth CentrePort had an impressive growth profile with productivity that rivals other ports Container volumes were up 23% on the previous year Vehicles growing 20% this year Log growth is up more than 50% on 2013 2016: 131,641 TEU 2015: 107,407 TEU 2014: 95,136 TEU Wellington’s identity and prosperity is inextricably linked to the port. Wellington didn’t start out as New Zealand’s Capital City. It was named the Capital because our trading partners told us Wellington’s harbour and central location suited them best. Then and now, central New Zealand’s economic prosperity relies on successful trade routes to overseas markets, which means an efficient supply chain here at home. 2013: 90,616 TEU Container volume growth 2013 – 2016 (TEU: Twenty-foot equivalent units)

Next Steps Interim geared ship operations Finalise plan Wharf and crane works Safe and efficient operational plans Building resilience into all future works Understand shipping line intentions Intent regarding resuming services in Wellington Understand concerns and requirements from shipping lines Brief shippers and review CentreRail service