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Roof Replacement Update – Townsville

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Roof Replacement Update – Townsville Sugar Terminals Limited abn 17 084 059 601 T +61 7 3221 7017 E [email protected] Level 11, 348 Edward Street Brisbane QLD 4000 15 June 2021 GPO Box 1675 Brisbane QLD 4001 NSXNSX AnnouncementAnnouncement Media release STLReSTLroofing andand QSLQSL underway agreeagree three-year in Townsville storage and and handlinghandling agreementagreement Sugar Terminals Limited (STL, NSX:SUG) has commenced the $22 million roof SugarreplacementSugar TerminalsTerminals program LimitedLimited (STL,(STL, at its NSX:SUG)NSX:SUG) Townsville hashas signed Bulk Sugara three-year Terminal storage with and BESIX handling Watpac agreementonsiteagreement and withwith work QueenslandQueensland well underway SugarSugar LimitedLimited. (QSL) and now has longer-term agreements in placeplace withwith allall sixsix ofof itsits bulkbulk sugarsugar terminalterminal customers. More than 50 people are now replacing 415 tonnes of roof sheeting at the terminal, over STLanSTL area ChairmanChairman of 35,000 MarkMark square GrayGray saidsaid metres thethe agreement,.agreement, This is just which over threewill be times effective the size from of 1 the July playing 2018, reflectedsurfacereflected at thethe the productiveproductive new Queensland relationshiprelationship Country betweenbetween Bank thethe Sta twotwodium. companies.companies. “BothInitial“Both companiesworkcompanies on the havehave 2-year workedworked project togethertogether began toto in resolve resolveMarch residual202residual1 and issuesissues the firstand rooffinalise sheet thiss storagewere and handlingremovedhandling agreement,agreement, in May, at thesettingsetting end ininof place placethe 2021 aa strongstrong cyclone platform season for. the The next first three stage years,” is currently he said STLfocusedSTL commencedcommenced on Shed engagementengagement 2, which was withwith commissioned itsits customerscustomers in on 1965 longer-term and the second agreements stage in will October repeat 2017,the2017, process toto replacereplace on Shed thethe initialinitial 1, which one-yearone-year dates agreements agreementsback to 1959. that The were entire put projectin place is as scheduled a result of forSTL’s transitioncompletiontransition fromfrom in September landlordlandlord toto infrastructure2022.infrastructure servicesservices provider.provider. “ItSTL“It isis anChiefan excellentexcellent Executive resultresult Officer, toto havehave David allall longer-termlonger-term Quinn, said contractscontracts this investment inin place demonstratedprior to the 2018 STL’s crushing long season.termseason. commitment TheseThese agreementsagreements to Queensland provideprovide’s stabilitystability sugar industry toto thethe industry and acknowledge and we lookd forwardthe vital torole working the collaborativelyTownsvillecollaboratively operations withwith allall customers customerscontinue to overover play. thethe next three years to provide high quality storage andand handlinghandling services.”services.” MrMr GrayGray said.said. “The works in Townsville represent the final stage of a $100 million investment by STL in rejuvenating 10 large storage sheds across six Queensland sugar terminals,” he said. enquiries:Theenquiries: challenging work involves replacing ageing roofing with new aluminium cladding and PeterupgradingPeter BoltonBolton and || ChiefChief strengthen FinancialFinancialing OfficerOfficer structural andand steelCompanyCompany elements Secretary of the | Ph:two (07) 300 -3221metre 7017 long sheds. “All the activity is occurring at heights of up to 27 metres above ground level, so it’s a technical task that requires careful planning and a strong focus on safety,” Mr Quinn said. BESIX Watpac Northern Area Manager Wade Cummins said the system adopted for the project is state-of-the-art. “On a roof with 35 degrees pitch, safety is paramount so we are deploying an innovative system to ensure worker safety. The system utilises a rolling platform or ‘roof walker’ which travels along the purlins and provides a safe and secure platform from which our workers can operate,” Mr Cummins said. Our purpose is to be a sustainable, globally competitive provider of storage and handling solutions for bulk sugar and other commodities. Page 1 / 2 sugarterminals.com.au Sugar Terminals Limited abn 17 084 059 601 T +61 7 3221 7017 E [email protected] Level 11, 348 Edward Street Brisbane QLD 4000 GPO Box 1675 Port of Townsville Chief Executive Officer Ranee Crosby said the Port had a proudBrisbane history QLD 4001 NSXof supporting Announcement Queensland’s sugar industry, with the first sugar exported from Townsville’s wharves in 1872. STL“STL’s Townsville and QSLbulk sugar agree sheds can store three-year up to 750,000 tonnes ofstorage raw sugar at any one time, making the roof cladding vital for protecting the sugar in the tropical elements. andThe roof handlingupgrades will ensure agreement this important northern trade continues to bring economic benefits to the region for decades to come.” Sugar Terminals Limited (STL, NSX:SUG) has signed a three-year storage and handling agreement with Queensland Sugar Limited (QSL) and now has longer-term agreements in Enquiries: place with all six of its bulk sugar terminal customers. Peter Bolton | Chief Financial Officer and Company Secretary | Ph: (07) 3221 7017 STL Chairman Mark Gray said the agreement, which will be effective from 1 July 2018, reflected the productive relationship between the two companies. “Both companies have worked together to resolve residual issues and finalise this storage and handling agreement, setting in place a strong platform for the next three years,” he said ABOUT STL STL commenced engagement with its customers on longer-term agreements in October STL provides sustainable and globally competitive storage and handling solutions for bulk 2017, to replace the initial one-year agreements that were put in place as a result of STL’s transitionsugar and from other landlord commodities to infrastructure through itsservices assets provider. at the ports of Cairns, Mourilyan, Lucinda, Townsville, Mackay and Bundaberg. STL’s terminals handle in excess of 4.6 million “It is an excellent result to have all longer-term contracts in place prior to the 2018 crushing tonnes of raw sugar and other bulk commodities each year (including molasses, wood season. These agreements provide stability to the industry and we look forward to working collaborativelypellets, gypsum with and all silicacustomers sands), over and the provide next three 2.48 years million to providetonnes highof storage quality capacity.storage andSTL handling is a vital services.” component Mr Grayof Queensland’s said. sugar industry, an industry that generates over $4 billion in direct and indirect value to the Queensland economy and employs more than 22,000 people. enquiries: Peter Bolton | Chief Financial Officer and Company Secretary | Ph: (07) 3221 7017 ABOUT BESIX WATPAC With around 600 employees, BESIX Watpac is a leading Australian construction company backed by a century of global expertise and financial strength. The business specialises in complex construction across all sectors, including complex buildings, civil infrastructure, complex industrial projects and marine works. BESIX Watpac’s other major projects in North Queensland include the Queensland Country Bank Stadium and Sun Metals Refinery Expansion. Watpac was founded in Brisbane in 1983 and became part of the international contractor BESIX Group in 2019. Our purpose is to be a sustainable, globally competitive provider of storage and handling solutions for bulk sugar and other commodities. sugarterminals.com.au Page 2 / 2 .
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