HAMBURGER HAFEN UND LOGISTIK AKTIENGESELLSCHAFT ANNUAL REPORT 2009 T 2009 R EPO R L A U NN A HAMBURGER HAFEN UND LOGISTIK AKTIENGESELLSCHAFT Bei St. Annen 1, 20457 Hamburg, Germany. Tel: +49-40-3088-0, Fax: +49-40-3088-3355, www.hhla.de, [email protected] HHLA SEGMENTS AT A GLANCE HHLA Multi-year overview 2005 1 2006 1 2007 2008 2009 Revenue HHLA Container handling activities are combined in the Container segment Key figures 2009 Subgroup Port Logistics 2 € million - - 1,152.4 1,299.2 962.9 HHLA CONTAINER 2 with its terminals in Hamburg and Odessa. Technical innovations and automated Subgroup Real Estate € million - - 30.8 32.6 32.7 SUBGROUP Port LOGISTICS Revenue € million 561.6 work processes ensure high productivity and short ship lay times. HHLA’s three Consolidation € million - - - 3.2 - 5.0 - 4.9 HHLA Group € million 832.9 1,017.4 1,180.0 1,326.8 990.7 Hamburg Container Terminals, Altenwerder, Burchardkai and Tollerort, sustain the EBIT € million 149.6 Port of Hamburg’s overwhelming importance as a hub between overseas countries EBIT margin % 26.6 EBITDA and Central and Eastern Europe. Specialized ancillary companies offer a full range Subgroup Port Logistics 2 € million - - 364.6 439.4 261.1 of services. In the coming years, a highly flexible programme of modernization Employees # 2,961 Subgroup Real Estate 2 € million - - 14.1 17.6 16.4 and expansion will be boosting the performance and capacity of HHLA facilities Consolidation € million - - 0 - 0.2 0 Container throughput TEU '000 4,913 HHLA Group € million 210.2 296.4 378.7 456.8 277.5 to cater for demand. EBITDA margin % 25.2 29.1 32.1 34.4 28.0 EBIT HHLA Intermodal companies offer a comprehensive rail and road transport Key figures 2009 Subgroup Port Logistics 2 € million - - 277.0 341.3 147.7 HHLA INTERMODAL 2 network linking German seaports with their hinterland in Europe. The main Subgroup Real Estate € million - - 10.3 13.7 12.3 SUBGROUP Port LOGISTICS Revenue € million 277.3 Consolidation € million - - 0.3 0.1 0.2 transport services are to Central and Eastern Europe. The rail companies TFG HHLA Group € million 146.6 218.1 287.6 355.13 160.2 3 Transfracht (Germany, Austria, Switzerland), Metrans (Czech Republic, Slovakia, EBIT € million 21.9 EBIT margin % 17.6 21.4 24.4 26.8 16.2 Hungary) and Polzug (Poland, CIS states) have specialized very successfully EBIT margin % 8.0 in their regional markets, in each of which they are market leader for rail con- Profit after tax € million 69.4 116.9 152.0 217.5 89.1 tainer traffic. CTD Container provides truck deliveries in North Germany and Employees # 751 Profit after tax and minority interests € million 57.2 97.1 111.3 160.4 53.0 on long-haul services. HHLA will also be systematically further expanding its Container transport TEU '000 1,500 Cash flow/investments/ routes in future. depreciation and amortization 1 from continuing activities Cash flow from operating activities € million 160.7 199.7 246.7 341.9 193.2 Cash flow from investing activities € million - 101.2 - 248.9 - 174.7 - 265.6 - 157.3 Companies in HHLA Logistics segment combine a very wide range of services Key figures 2009 Cash flow from financing activities € million 9.8 - 19.7 131.9 - 88.5 - 88.6 HHLA LOGISTICS 159.7 typifying Hamburg’s versatility as a universal port. Unikai Lagerei & Spedition, for Investments € million 117.4 205.2 194.8 259.4 SUBGROUP Port LOGISTICS Revenue € million 114.9 Depreciation and amortization € million 63.6 78.3 91.0 101.8 117.3 example, is its centre of competence for vehicle logistics. The Fruit & Refrigera- tion Centre is the German market leader for fruit handling, Ulrich Stein GmbH in EBIT € million 8.2 Assets and liabilities fruit forwarding. At Hansaport, HHLA has a stake in Germany’s largest coal and Non-current assets € million 796.6 977.7 1,042.9 1,174.2 1,224.9 EBIT margin % 7.2 ore terminal. HHLA Logistics stands for high-grade contract and storage logistics. Current assets € million 249.2 221.9 440.9 438.3 365.6 HHLA’s expertise in the development of port technology and port schemes is suc- Employees # 475 Equity € million 151.9 258.7 569.5 682.6 637.0 Equity ratio % 14.5 21.6 38.4 42.3 40.0 cessful worldwide. This know-how is marketed by HPC Hamburg Port Consulting, Pension provisions € million 384.0 377.4 312.4 300.7 325.1 Uniconsult and HPTI. Other non-current assets € million 342.3 359.0 342.4 350.3 385.5 Current liabilities € million 167.6 204.5 259.5 278.9 242.9 Gearing ratio % 3.9 2.5 0.8 0.6 0.8 Project and property development, quarter management and the active shaping Key figures 2009 Total assets € million 1,045.8 1,199.6 1,483.8 1,612.5 1,590.5 HHLA REAL ESTATE of urban structural change: The Real Estate segment administers and leases of- SUBGROUP REAL Estate Revenue € million 32.7 Employees fice, trading and commercial premises in highly attractive areas of Hamburg as a Employees at year-end # 3,869 4,215 4,565 5,001 4,760 location. The focus of attention is on the former ensemble of Hamburg’s Speicher- EBIT € million 12.3 stadt that HHLA is sensitively developing into a modern quarter, where artists find Performance data EBIT margin % 37.6 inspiration and cultural attractions lure visitors. With Fischmarkt Hamburg-Altona Container throughput million TEU 5.6 6.5 7.2 7.3 4.9 4 on the north bank of the Elbe, HHLA caters for part of the traditional fisheries Employees # 40 Container transport million TEU 1.3 1.5 1.7 1.8 1.5 industry, accommodated alongside bars/restaurants and modern office premises 1 Change to IFRS reporting in 2006 with comparative figures for 2005. 2 Reorganization into subgroup Port Logistics and subgroup Real Estate in 2007. 3 EBIT from continuing in an integrated area development. activities € 357.8 million in 2008 and € 177.7 million in 2009. 4 Transport volume was fully consolidated. SEGMENTS AT A GLANCE HHLA Multi-year overview 2005 1 2006 1 2007 2008 2009 Revenue HHLA Container handling activities are combined in the Container segment Key figures 2009 Subgroup Port Logistics 2 € million - - 1,152.4 1,299.2 962.9 HHLA CONTAINER 2 with its terminals in Hamburg and Odessa. Technical innovations and automated Subgroup Real Estate € million - - 30.8 32.6 32.7 SUBGROUP Port LOGISTICS Revenue € million 561.6 work processes ensure high productivity and short ship lay times. HHLA’s three Consolidation € million - - - 3.2 - 5.0 - 4.9 HHLA Group € million 832.9 1,017.4 1,180.0 1,326.8 990.7 Hamburg Container Terminals, Altenwerder, Burchardkai and Tollerort, sustain the EBIT € million 149.6 Port of Hamburg’s overwhelming importance as a hub between overseas countries EBIT margin % 26.6 EBITDA and Central and Eastern Europe. Specialized ancillary companies offer a full range Subgroup Port Logistics 2 € million - - 364.6 439.4 261.1 of services. In the coming years, a highly flexible programme of modernization Employees # 2,961 Subgroup Real Estate 2 € million - - 14.1 17.6 16.4 and expansion will be boosting the performance and capacity of HHLA facilities Consolidation € million - - 0 - 0.2 0 Container throughput TEU '000 4,913 HHLA Group € million 210.2 296.4 378.7 456.8 277.5 to cater for demand. EBITDA margin % 25.2 29.1 32.1 34.4 28.0 EBIT HHLA Intermodal companies offer a comprehensive rail and road transport Key figures 2009 Subgroup Port Logistics 2 € million - - 277.0 341.3 147.7 HHLA INTERMODAL 2 network linking German seaports with their hinterland in Europe. The main Subgroup Real Estate € million - - 10.3 13.7 12.3 SUBGROUP Port LOGISTICS Revenue € million 277.3 Consolidation € million - - 0.3 0.1 0.2 transport services are to Central and Eastern Europe. The rail companies TFG HHLA Group € million 146.6 218.1 287.6 355.13 160.2 3 Transfracht (Germany, Austria, Switzerland), Metrans (Czech Republic, Slovakia, EBIT € million 21.9 EBIT margin % 17.6 21.4 24.4 26.8 16.2 Hungary) and Polzug (Poland, CIS states) have specialized very successfully EBIT margin % 8.0 in their regional markets, in each of which they are market leader for rail con- Profit after tax € million 69.4 116.9 152.0 217.5 89.1 tainer traffic. CTD Container provides truck deliveries in North Germany and Employees # 751 Profit after tax and minority interests € million 57.2 97.1 111.3 160.4 53.0 on long-haul services. HHLA will also be systematically further expanding its Container transport TEU '000 1,500 Cash flow/investments/ routes in future. depreciation and amortization 1 from continuing activities Cash flow from operating activities € million 160.7 199.7 246.7 341.9 193.2 Cash flow from investing activities € million - 101.2 - 248.9 - 174.7 - 265.6 - 157.3 Companies in HHLA Logistics segment combine a very wide range of services Key figures 2009 Cash flow from financing activities € million 9.8 - 19.7 131.9 - 88.5 - 88.6 HHLA LOGISTICS 159.7 typifying Hamburg’s versatility as a universal port. Unikai Lagerei & Spedition, for Investments € million 117.4 205.2 194.8 259.4 SUBGROUP Port LOGISTICS Revenue € million 114.9 Depreciation and amortization € million 63.6 78.3 91.0 101.8 117.3 example, is its centre of competence for vehicle logistics.