1. Presentation to btre TRANSPORT COLLOQIUM 2006 Presentation to btre TRANSPORT COLLOQIUM 2006 Transport Reform, Competition and the Future Andrew Davis Development Director P&O Ports, Australia

2. 2 btre 2006 LOWEST COST, ON TIME – EVERY TIME

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4. 4 O/S Waterline No 40

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9. 9 Meyrick & Associates 1997-2001 West Swanson Terminal1997-2001 West Swanson Terminal Capital increased 19%Capital increased 19% Productivity increased 60%, total factor productivity increased 18%Productivity increased 60%, total factor productivity increased 18% Prices reduced by 10%Prices reduced by 10% Shipping lines 67% of the “Productivity Dividend”Shipping lines 67% of the “Productivity Dividend” Stevedoring employees 25% of the “Productivity Dividend”Stevedoring employees 25% of the “Productivity Dividend” P&O Ports 8% of the “Productivity Dividend”P&O Ports 8% of the “Productivity Dividend”

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13. 13 btre 2006 Quayline Capacity Benchmarks (TEU per m) 050010001500200025003000350040004500 Patrick RMG Patrick Current Methods Hutchison Port Holdings Southampton 2003 Hong Kong Terminal 3 2003 NSICT 2003 LCIT 2003 P&O Potential Automated Technology P&O Current Methods (Drewry) SPC GHD

14. 14 btre 2006 Response to Trade Growth NEW TECHNOLOGY Systems Automatic Stacking Cranes

15. 15 btre 2006 West Swanson Container Terminal – The Future

16. 16 btre 2006 Shipping Lines Freight Forwarders / Custom Agents Rail Operators 6 Stevedores 2 Trucking Companies 250+ Importers / Exporters 40,000

17. 17 btre 2006 LOWEST COST, ON TIME – EVERY TIME