Global Ports : Investor Presentation - April 2023 Presentation

Global Ports Holding Plc

Investor Presentation

A Business Transformed

April 2023

Global Ports Holding: A Snapshot

	Americas	West Med	Central Med	East Med
Expected	5.1m		4.2m			1.3m	1.2m
FY 2024 PAX(1)		Kalundborg
Prince Rupert			Tarragona
			Venice
			Valencia
			Barcelona	Cagliari	Zadar
			Vigo			Ege Port Kusadasi
			Lisbon
			Malaga	Valletta Taranto	Bodrum
			Lanzarote Alicante
			Las Palmas			Crotone
			La Goulette Catania
			Fuerteventura
	Nassau						Ha Long
	San Juan
			Antigua
			St Lucia
								Singapore

Assets in Portfolio

26 cruise ports

+1 in process of closing

+1 preferred bidder, concession negotiations ongoing

Targeting at least 28 by end of calendar year 2023

Passengers Served

c12m Consolidated portfolio PAX(1)

Close to 15m PAXs for total portfolio

Long-term concession

model

>20 years remaining

on concessions

Significant number of extension options available-

25 concessions & 1 management agreement

Competition

Majority of cruise ports currently Govt owned and operated

Rare to have two ports competing at same destination

Note: (1) FY 2024 expectations based on current call list

GPH: 20 Years of Success

2003-2013: "Origins"

• Founded in 2003
• Built successful track record operating multi-modal ports in Turkey
• Won, expanded and operated 3 internationally oriented facilities around the country

2014-2018:

"Global Expansion"

Establishing our

Global Presence

• Deploy expertise globally, win new concessions across Europe and Asia
• 2015: European Bank of Reconstruction & Development (EBRD) acquires ~11% ownership, supporting
  GPH's global expansion(1)
• • GPH continues to follow EBRD environmental guidelines
• 2017 IPO on LSE

2019+:

"Maturity" Globally

Dominant Cruise

Infrastructure Platform

• Firmly established as world's dominant, geographically diversified cruise infrastructure portfolio
• Freshly invested, long term CPI linked concession portfolio
• Divested commodity-oriented ports businesses
• Emphasis on adding ancillary revenues such as port agency services at existing ports with the same cost base

The Future

• Ongoing cultivation, expansion, and diversification of GPH's global asset base.
• Selective addition of new ports to the network

3 Assets	17 Assets	26 Assets
1 Country	9 Countries	15 Countries

Continued growth potential

Note: (1) EBRD reduced share at IPO and exited fully shortly afterwards, as planned when making the investment, as EBRD's "mission" was completed with the IPO

Proven and Dynamic Management Team

Experienced and dynamic management with deep understanding of the cruise industry, a wealth of experience in operating and commercializing ports and strong relationships across the cruise industry

Mehmet Kutman		Jan Fomferra
Chairman & CEO		Chief Financial Officer

Stephen Xuerub	Ece Gursoy
Chief Operating Officer &	Chief Legal Officer

Regional Director Central Med

Regional Directors

Javier Rodriguez

Regional Director West Med

•	Co-founder and	•	Appointed Chief
	Chairman of Global Ports		Financial Officer of
	Holding		Global Ports Holding in
•	Was appointed as Chief	•	2020
	Executive Officer in 2022	Former Director of
•	Prior to founding Global		Corporate Finance at
	Group in 1990, Project		Global Investment
		Holding
	Manager at Net Holding
	•
	A.Ş., Vice President of	Previous experience in
	North Carolina National		corporate finance at
	Bank, Sexton Roses Inc.		IEG, Fresenius VAMED
	and Philip Bush &		and the Deutsche Bahn
	Associates.		AG.
•	BA (Hons.) degree from	•	MSc of Business
	Boğaziçi University and		Administration &
	an MBA degree from the		Management from ESCP
	University of Texas.		Europe.

• Appointed as COO of Global Ports Holding in August 2016
• Over 20 years senior management experience, 14 of which in the cruise industry
• Served as CEO and CFO of Valletta Cruise Port
• Fellow of the Chartered Institute of Accountants and a Henley MBA graduate

• Appointed as CLO in 2018
• Wealth of experience in project finance, infrastructure and private equity
• Recognised by the Legal 500 Awards in 2016 and 2017; and by The Lawyer magazine in its list of
  'Hot 100' 2018.

Mike Maura

Regional Director Caribbean

Aziz Gungor

Regional Director East Med

4

Brief introduction to Cruise Industry