Annual Report 2012 2012
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ANNUAL REPORT 2012 2012 04 ANNUAL REPORT 2012 MARSA MAROC IN BRIEF Corporate Name Société d’Exploitation des Ports - Marsa Maroc Date of establishment December 1st, 2006 Legal status Limited Company with Board of Directors and Supervisory Board Registered capital 733.956.000 MAD Headquarters 175, Bd. Zerktouni - 20100 Casablanca - Morocco President of the Executive Board Mohammed ABDELJALIL Sector of activity Terminals and ports operating within the framework of concessions Turnover 1.990 million MAD(*) Staff 2.279 collaborators(*) Global traffic 35.9 million tons(*) Operated ports Nador, Al Hoceima, Tangier, Mohammedia, Casablanca, Jorf Lasfar, Safi, Agadir, Laayoune, Dakhla Provided services Ship related services (piloting, towing, mooring, victualing, etc); Goods related services (handling on board and on dockside, storing, checking, weighting, containers’ staffing and unstaffing etc); Related services (handling, goods stacking, loading and unloading of trucks, etc); Real-time Information (e-service “Marsa Conteneur”). (*) To the end of 2012 05 CORPORATE PROFILE Marsa Maroc is a multi-speciality and the national leader in ports operation with a significant presence in all the kingdom’s commercial ports. Since its creation by the end of 2006, Marsa Maroc started a development process with the ultimate objective to fully participate in improving the logistic performance of Morocco. Driven by the constant concern for service quality and thanks to its qualified human resources and performant equipments, Marsa Maroc strives to offer services along with the best international standards in all the national ports where it operates. Moreover, Marsa Maroc has the ambition to strengthen its presence in the international market in order to become a reference port operator at the regional scale. The obtaining of the Container Terminal 4 concession in the port of Tanger Med II and the Container Terminal 3 in the port of Casablanca confirm its ambition. TABLE OF CONTENTS PRESIDENT’S WORD 9 PRESENTATION OF MARSA MAROC 10 Management bodies 10 Organization Chart 11 HIGHLIGHTS 12 Development 14 Quality 18 Citizenship 19 2012 ACTIVITY 20 Traffic achievements 22 Financial results 28 FINANCIAL STATEMENTS 32 Balance sheet (Assets) 34 Balance sheet (Liabilities) 35 Profit and loss account 36 Funds statement 38 Statement of cash flows 39 CONTACTS 40 08 ANNUAL REPORT 2012 PRESIDENT’S WORD 09 With its structuring projects, 2012 has been a development-driven year. Mohammed ABDELJALIL Chairman of the Executive Board With its structuring projects, 2012 has been Furthermore, the subcontracting contract for a development-driven year. First, the vertical passengers, cars and cruises activity at the Port storage space at the Ro-Ro terminal of of Tangier is a recognition by the market of our Casablanca’s port inaugurated in April 2012 by expertise and know-how. His Majesty King Mohammed VI May God Assists Him. This major infrastructure that meets Moreover, we remain committed to our values international norms and standards is truly the and strongly believe in our role as a corporate flagship of this type of terminals at the regional citizen. This year, we renewed our commitment in level. Offering a large capacity of vehicles hosting areas such as education and environment. We are as well as processing a wide range of services particularly proud of the distinction that we have with high added value, it intends to support the been awarded by Mohammed VI Foundation for strong dynamic of vehicles import and export the Protection of the Environment in the field of business. environmental protection and «clean beaches». The other key event of this year that strengthens Regarding the achievements, we maintained our our “Cap 15” project, by pursuing up our leadership by draining 48% of the national port development projects, was undoubtedly the traffic. As far as our financial performance is obtaining of the Container Terminal 3 concession concerned, our turnover stood at 1.990 million at the port of Casablanca. With this new terminal, MAD registering an increase of 2% compared to Marsa Maroc will process about 1.300.000 TEUs the previous year. in the port of Casablanca reinforcing thus our leadership in this strategic activity. These achievements reinforce our determination to pursue our business plan in order to strengthen Other important achievements are also part of the position of Marsa Maroc as the national port our strategic vision, in particular the acquisition sector leader as a basis for its future international of high capacity cranes that can handle Post- expansion. Panamax vessels reaching up to 17 rows of containers. This significant investment confirms our ambition to meet our customers’ needs and provide them quality services. Also as part of our improvement, the certification during the year 2012 of the freight forwarding activity at the Port of Casablanca and renewal of the certification for bulk and general cargo activity at the port of Tanger Med I crown our efforts to establish a quality management system. 10 ANNUAL REPORT 2012 PRESENTATION OF MARSA MAROC Management bodies Supervisory Board : • Mr Abdelaziz RABBAH Minister of Equipment and Transport, Chairman of the Supervisory Board • Mr Younes TAZI Vice-president of the Supervisory Board • Mr Abdelhak KHOUADRA Representative of the Ministry of Economy and Finance • Mr. Mohamed Jamal BENJELLOUN Member of the Supervisory Board • Mr Abdelhak BENDAHMANE Secretary oh the Supervisory Board • Mr Jamal RAMDANE Shareholder of « La Société d’Exploitation des Ports» Executive Board: Mohammed ABDELJALIL Chairman of the Executive Board El Mahjoub BAYRI Mustapha SAHABI Director and Tanger Med II Financial Manager Project Manager Rachid HADI Youssef BENNANI Operations Manager at the Development Manager Port of Casablanca 11 Organization Chart Chairman of the Executive Board Port Operations Development Direction Managers* Tanger Med Project Direction Technical Direction Financial Direction Human Resources Direction Information Systems Direction Purchase and General Affairs Direction Legal Matters Direction Internal Audit and Organization Direction (*) A total of eight: Nador, Tangier, Mohammedia, Casablanca, Jorf Lasfar, Safi, Agadir, Laâyoune. HIGHLIGHTS 2012 Development Quality Citizenship 14 ANNUAL REPORT 2012 DEVELOPMENT Royal inauguration of the vertical storage space for vehicles at Casablanca’s port His Majesty King Mohammed VI inaugurated on April 26th, 2012, a new vertical storage space for vehicles at Casablanca’s port. This storage space aims at meeting cars importers and exporters needs in terms of saving time, hosting capacity and the quality of service. The project required a budget of 168 million MAD. Occupying 5 levels, the storage space covers an area of 20.000 m², i.e. a useful storage area of 100.000 m². It has a nominal storage capacity of 5.000 cars and will allow the handling of 200.000 cars annually. It will be able to increase the storage capacity at Casablanca’s port from 2.000 to 5.000 units. Meeting the international norms and standards, the building comprises zones of delivery and cars hosting as well as a zone dedicated to value-added services. Operational from May 2012, the value- added services zone offers related services such as preparation, paint retouching or washing cars in compliance with the specific needs of each client. Through this structuring project, Marsa Maroc aims at going along the strong dynamism that the cars’ import and export activity witnesses these last years. 15 Marsa Maroc awarded a provisional concession to operate Container Terminal 3 - CT3- of Casablanca’s port On Tuesday, December 11th, 2012, Marsa Maroc was awarded a provisional concession to operate Container Terminal 3 – CT3- at Casablanca’s port. With this success, Marsa Maroc strengthens its leadership in the national port market by increasing its capacity in handling domestic container traffic to about 1.300.000 TEUs at Casablanca’s port. This new container terminal which offers a 530 linear meters of quay with a depth of 12.5 to 14 meters and 30 hectares of land will be equipped of 4 gantry cranes and 13 RTG. Its commercial startup date is scheduled for August 2015. Under the terms of the concession agreement, which will bind it to the National Ports Agency (ANP) for a period of 30 years, Marsa Maroc will be committed to provide, for the good functioning of CT3, all superstructures, equipment and necessary human resources with an investment of about 850 million MAD. The signing of a subcontracting agreement between Marsa Maroc and the SAPT Marsa Maroc and the Planning Company for the Restructuring of Tangier’s Port Zone –SAPT- signed on October 1st 2012, a subcontracting agreement for the operation of ferry and cruise ships terminal at Tangier’s port. Under the terms of the subcontracting agreement, Marsa Maroc will make use, for a period of one year renewable by tacit consent and capped at three years, of its expertise and know-how for the management of passengers, vehicles and cruises activities. 16 ANNUAL REPORT 2012 Advances in the multi-users Container Terminal project CT4 of the port of Tanger Med II The signing with TMSA in June 2009, of the concession agreement of CT4 of the port of Tanger Med II embodies Marsa Maroc’s major strategic development in containers business and this in conformity with the business plan CAP 15 developed in 2008. This project, that strengthens Marsa Maroc’s leadership in the port sector, will gradually be put into operation and partly commissioned starting