Annual Port Review · FY 2015 Performance thru April Fiscal Year YTD (through April) FY 2014 FY...
Transcript of Annual Port Review · FY 2015 Performance thru April Fiscal Year YTD (through April) FY 2014 FY...
Annual Port ReviewJune 24, 2015
Port Everglades by the Numbers
For 2014: #1 Seaport in Florida by revenue - $153 million #1 Container port in Florida (#12 in U.S.) by volume 1,013,344 TEUs #1 Seaport for exports in Florida - $13.6 billion #1 Refrigerated cargo port in Florida (#7 in U.S.) -125,272 TEU’s #1 U.S. gateway for trade with Latin America (15.3 percent of all Latin American & Caribbean trade in the U.S.) #2 Petroleum port in Florida –112.4 million barrels #2 Cruise port for multi-day passengers in the World – 4 million #3 Foreign-Trade Zone (warehouse/distribution exports) in the U.S.
(CY2013)
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Key Comparative PerformanceStatistics FY 2014 and FY 2013
MeasurePort
Everglades Miami Jacksonville Canaveral
Savannah(GA PortsAuthority)
Charleston(SC Ports Authority)
Total TEUs FY 2014 1,013,344 877,554 936,972 278 3,136,016 1,739,765
FY 2013 927,572 901,454 926,810 580 2,949,449 1,573,443
% Change 9.2% ‐2.7% 1.1% ‐52.1% 6.3% 10.6%
Cruise Passengers(Multi‐day/Daily)
FY 2014 4,001,354 4,939,000 181,580 4,167,258 0 196,935
FY 2013 3,600,636 4,079,000 185,434 3,986,994 0 185,336
% Change 11.1% 21.1% ‐2.1% 4.5% 0% 6.3%
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FY 2015 Performance thru April
Fiscal YearYTD
(through April)FY 2014 FY 2015 Percentage
Change
Containerized CargoTEUs 593,505 637,810 +7.5%
CruisePassengers 2,995,149 3,069,854 +2.5%
PetroleumBarrels 65,911,603 68,838,590 +4.4%
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Port Everglades Recommended Budget for FY2016
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Summary of Recommended Operating Revenues for FY 2016 - $159,079,200
Cruise $57,651,900
Petroleum $32,268,300
Other $2,701,700
Parking $8,382,800 Real Estate
$16,463,300
Bulk/Break Bulk Cargo $6,709,700
Containerized Cargo
$34,901,500
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Revenue Budget Comparison
Division FY15 Revenue Projection
FY16 Recommended
Budget*% Change
Petroleum $31,399,200 $32,268,300 2.8%
Containerized Cargo 33,617,300 34,901,500 3.8%
Cruise56,822,100 57,651,900
1.4%
Bulk/Breakbulk 6,416,200 6,709,700 4.6%
Real Estate 15,319,900 16,463,300 7.5%
Parking 9,342,200 8,382,800 (10.3%)
Other 2,439,900 2,701,700 10.7%
Total $155,356,800 $159,079,200 2.4%
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*Includes average tariff increase of 2.8%
Summary of Recommended Operating Expenses for FY2016 - $87,524,800
Other$5,769,600 Insurance
$5,154,100
Fire Rescue$9,161,300
Law Enforcement &
Security$23,000,800
Personnel$19,542,800 Crane
Operations$10,351,600
Contractual Services
$6,751,100
Utilities$4,495,600
Maintenance & Repairs
$3,297,900
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Expense Budget Comparison
Expense Category FY15 Adopted Budget FY16 Recommended Budget % Change
Fire/EMS* $8,434,900 $9,161,300 8.6%
Security* 21,011,400 23,000,800 9.5%
Insurance 5,379,900 5,154,100 (4.2%)
Personnel 18,763,100 19,542,800 4.2%
Crane Operations 9,837,000 10,351,600 5.2%
Contractual Services 6,525,700 6,751,100 3.5%
Utilities 4,494,200 4,495,600 0.0%
Maint. & Repairs 3,368,600 3,297,900 (2.1%)
Other 5,583,800 5,769,600 3.3%
Total $83,398,600 $87,524,800 4.9%
*Based on preliminary budget and subject to negotiations with BSO
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FY2016 – FY2020 Recommended CIP
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Summary of Recommended FY2016 – FY2020 CIP - $792,552,670
Bulkheads142,800,000
Cruise88,550,000
Cargo 292,759,820
Other61,442,850
Deepening & Widening
192,000,000
Reserves15,000,000
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2014 Master/Vision Plan Project Needs Improve cruise facilities to expand operations Longer cruise berths and wider slips Improve the petroleum-receiving system and operations Cargo berth and yard capacity Ability to berth fully laden post-Panamax ships of 8,000
to 8,500 20-foot equivalent container units (TEUs) Modern cranes to load and unload post-Panamax ships Foreign Trade Zone relocation Bulkhead replacements
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2014 Master/Vision Plan Projects in FY2016 -FY2020 CIPNeobulkStorage Yard
Southport Phase 9A Container Yard
Foreign Trade Zone Relocation
McIntosh Road Gate Lane Addition
Southport TurningNotch Extension
Southport Phase 9B Container Yard
New Crane Rails(Berths 30, 31, 32)
Berths 1, 2, 3New Bulkheads
USACE Deepening & Widening Design & Construction
Slip 2 Westward Lengthening
Slip 1 New Bulkheads & Reconfiguration(Petroleum berths)
CT#25 Improvements/Expansions
Super Post‐Panamax Cranes (2)
West Lake Mitigation
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Completed CIP Projects Eller Drive Overpass
Project complete and operational in December 2014Intermodal Container Transfer Facility (ICTF)
Project complete and operational on July 16, 2014
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Deeper (48 feet+1+1) and Wider ChannelsU.S. Army Corps of Engineers/Port Everglades
Total Project Cost $374.1M
Anticipated Federal funding $189.9M
Port Funding $184.2M
Total eligible for State funding based on current 75% criteria
$138.2M
Appropriated State funds $3.6M
Currently programmed State funds
$15.0M
Remaining amount eligible for additional State funding
$119.6M
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Deeper (48 feet+1+1) and Wider Channels U.S. Army Corps of Engineers/Port Everglades (cont’d)
Channel Deepening and Widening Approved by Civil Works Review Board on
February 27, 2015 Chief’s report expected June 2015 Of the estimated $5.6 million cost of pre-
construction engineering and design, the Port has received $3.6 million from the State
Port can seek Federal reimbursement once project is authorized by Congress
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Southport Turning Notch Extension
Total Estimated Project Cost $269.4M
Port funding (minimum) $67.3M
Total eligible for State funding based on current 75% criteria
$202.1M
Appropriated State funds $62.5M
Currently programmed State funds $11.5M
Remaining amount eligible for additional State funding $128.1M
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Southport Turning Notch Extension (cont’d)
Southport Turning Notch ExtensionUpland Mangrove Enhancement Underway - Construction completion Summer 2015
Westlake Park Mitigation Design and permitting underway
Turning Notch Construction Design and permitting underway Construction begins end of CY 2016 Construction completion December 2019
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Capital Project TotalsProject
Previously Funded
FY 16CIP
FY17-FY20 CIP Total
ACOE Deepening and Widening (Design/Construction/Mitigation) $ 15.0 $ 9.5 $182.5 $207.0
Cruise Terminal 25 (Programming/Design/Construction) 1.4 12.5 12.5 26.4
Southport Electrical Sub-Station (Construction) - 15.0 - 15.0
FTZ Relocation (P3) - 27.0 27.0 54.0
McIntosh Road Checkpoint Modifications (Design/Construction) 0.1 1.4 - 1.5
Multimodal Facility Phase 1 (Design/Construction) - - 40.8 40.8
Neo-Bulk Storage Area (Design/Construction) 0.7 3.5 3.5 7.7
Post Panamax Cranes - SP8 and SP9 (Design/Construction) 15.0 7.5 7.5 30.0
Replacement Bulkheads (Berths 1,2,3,16,17,18,21,22) - 1.2 77.2 78.4
Slip 1 New Bulkhead at Berths 9 and 10 (Design/Construction) 22.0 30.9 30.9 83.8
Slip 2 Westward Lengthening (Design/Construction) 23.0 - - 23.0
Southport Phase 9A Container Yard (Design/Construction) - - 9.7 9.7
Southport Phase 9B Container Yard (Design/Construction) 8.8 - - 8.8
Southport Container Yard Densification (Design/Construction) - - 33.7 33.7
Southport Turning Notch Extension (Design/Construction/Mitigation) 103.7 57.9 107.8 269.4
Total $189.7 $166.4 $533.10 $889.2
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Average Tariff Adjustments
FY 2014 FY 2015 FY 2016(Proposed)
3.0% 3.0% 2.8%
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