NORTH CAROLINA STATE PORTS AUTHORITY BOARD OF DIRECTORS MEETING
WILMINGTON, NORTH CAROLINA
September 23, 2021
1. Call to Order
a. Pledge of Allegiance b. Ethics Reminder c. Safety Brief ing d.
Roll Call e. Introduction of Guests f . Approval of August Meeting
Minutes g. Secretary Comments
2. Executive Director Update 3. Safety Update: Mr. John Dittmar (10
minutes) 4. Commercial Update: Mr. Hans Bean (15 minutes) 5.
Operations Update: Mr. Doug Vogt (15 minutes) 6. IT Update Mr. Doug
Vogt (15 minutes) 7. Financial Results: Mr. Alherd Kazura (15
minutes) 8. Closed Session, pursuant to NC General Statute
143-318.11(a)(3) 9. Comments by the Chairman
NORTH CAROLINA STATE PORTS AUTHORITY 2202 Burnett Boulevard P.O.
Box 9002 Wilmington, NC 28402 www.ncports.com
ETHICS AWARENESS AND CONFLICT OF INTEREST REMINDER
(To be read by the Chairman or his designee at the beginning of
each meeting)
In accordance with the State Ethics Act, N.C.G.S. §138A-1, et seq.,
as applicable, and N.C.G.S. §136-14, it is the duty of every Board
member to avoid both conflicts of interest and appearances of
conflict. Does any Board member have any known conflict of interest
or appearance of conflict with respect to any matters coming before
the Board today? If so, please identify the conflict or appearance
of conflict and refrain from any undue participation in the
particular matter involved.
North Carolina State Ports Authority Board of Directors Meeting
Wilmington, North Carolina August 26, 2021 Page 1
NORTH CAROLINA STATE PORTS AUTHORITY MINUTES OF THE BOARD OF
DIRECTORS MEETING
Wilmington, NC Thursday, August 26, 2021
The meeting of the North Carolina State Ports Authority Board of
Directors was held at the Port of Wilmington, Wilmington, NC on
Thursday, August 26, 2021. Chairman Robert A. Wicker presided.
Chairman Wicker called the meeting to order at 9:00 a.m.
Attendance: Roll Call: Mr. Robert A. Wicker, Chairman, Mr. Robbie
Hill, Vice Chairman, via video conference, Mr. Jerry Cook, Mr.
Adair Graham, Mr. Patrick Joyce, via video conference, Mr. Patrick
Molamphy, via video conference, Ms. Maureen Clark, via video
conference, Mr. Tom Adams, via video conference, Mr. Rajan
Shamdasani, Secretary Eric Boyette, via video conference.
Management and Staff: Mr. Brian Clark, Ms. Laura Blair, Mr. Alherd
Kazura, Mr. Hans Bean, Mr. John Dittmar, Mr. Doug Vogt, via video
conference, Mr. Daniel Johnson, General Counsel, via video
conference, Ms. Kacy Hunt with NCDOT, Ms. Ann Dishong with NCDOT,
via video conference, Ms. Stephanie Ayers, and Mr. Bob Blackburn.
Pledge of Allegiance: Chairman Wicker led all in the Pledge of
Allegiance. Ethics Reminder: Ms. Blair read the Ethics and Conflict
of Interest Statement reminding Board Members to abstain from
participating in matters in which they have, or appear to have, a
conflict of interest. She continued, reminding members that in
accordance with NC General Assembly Session Law 2020-3, the meeting
was being conducted by simultaneous communication and as such,
members were advised that all chats, instant messages, texts, or
other written communications between the members of the public body
regarding the transaction of the public business during the meeting
are deemed a public record. Ethics Training: The Chairman called on
Mr. Daniel Johnson, General Counsel to provide Ethics Training. Mr.
Johnson presented Ethics Training to Board members to comply with
statutory requirements. The training covered how each fulfills
their role and responsibility as a member of the Board, how to
complete all ethic requirements governed by law and policy and
execute the statutory authority applicable to their respective
Board duty.
North Carolina State Ports Authority Board of Directors Meeting
Wilmington, North Carolina August 26, 2021 Page 2
Mr. Shamdasani stated he has previously shared his company supplies
NC Ports Authority Police departments uniforms. Mr. Johnson thanked
the Chairman and the Chairman thanked him for his update. Safety
Briefing: Mr. Dittmar provided a modified safety briefing to the
group to include official CDC guidance regarding COVID-19.
Chairman Wicker stated that Mr. Coley has resigned from the NC
State Ports Authority Board of Directors. Mr. Coley was serving a
one-year term for Mr. Keady which he has fulfilled. Chairman Wicker
stated today is Mr. Adams last Board meeting. Chairman Wicker
stated he would like recognize Mr. Adams in person and thank him
for his service to NC Ports as soon as time permits.
Introduction of Guests:
Ms. Blair introduced guests in attendance, Ms. Rachel McIntyre from
the Wilmington Metropolitan Planning Organization, Ms. Christina
Haley O’Neal from Greater Wilmington Business Journal, Ms. Cheryl
Hannah, Ms. Ramona McGhee with Southern Environmental Law Center,
Mr. Dan Gurley with NC Speaker of the House office, Ms. Hannah
Nelson, and Mr. Greg Moninger with Anchor QEA of NC. Minutes:
Chairman Wicker presented for consideration the June 24, 2021
meeting minutes. Mr. Shamdasani made a motion to approve as
presented. Mr. Cook seconded the motion. Secretary Update:
Secretary Boyette reported NCDOT is continuing to see strong
financial results. There are less expenditures going out for
contracting industries and his team is working with contractors to
assist with labor issues. Secretary Boyette applauded the team of
NC Ports Authority. Secretary Boyette stated he is proud and happy
to support to NC Ports Authority. Secretary Boyette stated the
Transportation Summit will be held January 19 and 20 and will
address transportation and infrastructure. Secretary Boyette
thanked the Chairman and the Chairman thanked him for his remarks.
Chairman Wicker called on Mr. Gurley to provide an update. Mr.
Gurley stated the budget process is ongoing. Mr. Gurley also stated
the budget includes the reoccurring capital improvements
appropriation of $45 million as well as $5 million for
environmental studies associated with the potential development and
site readiness of Radio Island at the Port of Morehead City. Mr.
Gurley thanked the Chairman and the Chairman thanked him for his
remarks.
North Carolina State Ports Authority Board of Directors Meeting
Wilmington, North Carolina August 26, 2021 Page 3
Executive Director Update: The Chairman called on Mr. Clark for an
update. Mr. Clark thanked Secretary Boyette for his ongoing
support. Mr. Clark reported NC Ports is about 25 percent under
budget for containers but ahead of overall budget for the first
month. Mr. Kazura will report further detail. Mr. Clark reported
the team is committed to finding new volume and services. There
have been a series of positive customer meetings. Mr. Clark
reported CSX’s Carolina Connecter, also known as CCX will open
October 7. NC Ports has been given schedules and rates to move
cargo from the Port of Wilmington to CCX and then to inland points.
The rates are very favorable. CSX has invited three east coast
ports to also submit volume commitments. Mr. Clark reported NC
Ports has been engaged in the State’s efforts to attract an
offshore wind related project to the State. NC Ports is part of the
Governor’s Offshore Wind Task Force. NC Ports team members were in
Virginia this week for the International Partnering Forum
Conference, the largest offshore energy conference in North
America. Mr. Clark reported NC Ports hosted Representative David
Rouzer last Friday. Rep. Rouzer reaffirmed his support of the
Wilmington Harbor Navigation Improvement Project. Mr. Clark thanked
the Chairman and the Chairman thanked him for his remarks. Safety
Update: The Chairman called on Mr. Dittmar to provide a safety
update. Mr. Dittmar reported the number of accidents, near misses
and injuries at all facilities as of July 31, 2021. The lost time
injury rate is .9 for Fiscal Year 21 which meets goal. Mr. Dittmar
reported the Ports Safety Index for Fiscal Year 2021 was 1.23 which
was below goal of 1.5. Mr. Dittmar reported Shane Davis, the Ports’
Environmental Health and Safety Officer, attended the NC Department
of Labor Safety Awards in Wilmington. The Port of Wilmington
received the Gold Award and the Charlotte Inland Port received its
18th consecutive Gold Award. The Gold Award is based on the days
away, restricted, transferred (DART) rate, which includes cases of
days away from work, restricted activity or job transfer. Mr.
Dittmar thanked the Chairman and the Chairman thanked him for his
remarks. Commercial Update: The Chairman recognized Mr. Bean to
update the Board on recent commercial activities. Mr. Bean reported
there was a strong finish to Fiscal Year 2021 while July had mixed
volume performance across ports and segments.
North Carolina State Ports Authority Board of Directors Meeting
Wilmington, North Carolina August 26, 2021 Page 4
Mr. Bean reported General Cargo performance is positive
year-to-date performance with 11 percent positive-to-plan. Mr. Bean
reported container segment is below plan with a strong demand
versus congestion and transpacific schedule challenge impacts. The
first quarter of Fiscal Year 2022 projected volume finish remains
near plan for both segments. Mr. Bean reported on market volatility
and the path forward. Mr. Bean provided examples of disruption and
demand, congestion, delay and risks, rates and capacity outlook and
development focus and opportunities. Mr. Bean reported on future
developments and key initiatives. Mr. Bean thanked the Chairman and
the Chairman thanked him for his remarks. Operations and IT Update:
The Chairman then recognized Mr. Vogt for an Operations and IT
update. Mr. Vogt reported on the Operational Key Performance
Indicators. Mr. Vogt reported NC Ports met or exceeded seven out of
eight targets for Fiscal Year 2021. Mr. Vogt reported July Key
Performance Indicators for July and provided new Fiscal Year 2022
targets. Mr. Vogt reported an update on the Terminal Operating
System, Gate Operating System and the Customer Access Portal. The
new system went live on August 1 with no major issues or
disruptions to the customers. Phase 2 will be the transition of the
system to the new Southgate Container Complex. Mr. Vogt reported
all operating ports are now on the same system of Navis N4. The
container segment and general cargo can now link to the CFS
(container freight system). The goal with the new system is to
touch the new container as few times as possible and make sure
cargo is not being rehandled as well as gain efficiently and use
resources in real time. Mr. Vogt reported a Capital Projects
update. Mr. Vogt reported the T-4 Chiller Facility was completed
mid-July. Full scale mixing operations will occur within the next
few weeks. Mr. Vogt reported Area F East upgrades and paving is
occurring with an expected completion date by the end of January
2022. This space is approximately 6.5 acres. Area F West, which is
about the same size, will be upgraded in Fiscal Year 2023. These
upgrades will allow NC Ports to double capacity in these areas. Mr.
Vogt reported Reefer Yard Phase 2 is currently in design with
expected construction in the second half of Fiscal Year 2022. This
project will mirror Phase 1 except for stacking containers four
high versus current three high. This project should be complete by
the end of calendar year 2022. Mr. Vogt reported an arial photo of
the South Gate Container Office which is complete and ready to move
into within the next few weeks. Work is being completed at the new
gate and will be ready for testing in September. The goal is to
transition to the new gate by the end of October. Mr. Vogt thanked
the Chairman and the Chairman thanked Mr. Vogt for his
remarks.
North Carolina State Ports Authority Board of Directors Meeting
Wilmington, North Carolina August 26, 2021 Page 5
Financial Update: The Chairman then recognized Mr. Kazura for a
Financial update. Mr. Kazura reported a Fiscal Year 2021 summary.
NC Ports achieved $3 million ordinary net income which was $2.5
million over budget. Mr. Kazura stated the annual audit by the
North Carolina Office of the State Auditor is underway. Mr. Kazura
reported the balance sheet is in a strong position. Mr. Kazura
reported the Fiscal Year 2022 growth budget is challenging. The
operating targets are $64.4 million in revenue, $3.2M in ordinary
net income and $21.2 million in EBIDA. The Covid-19 economic
uncertainly is a continued factor. Mr. Kazura reported July is off
to a good start. The cash on hand and State Capital Appropriation
will cover the net near term capital and debt payments. Mr. Kazura
thanked the Chairman and the Chairman thanked him for his remarks.
Mr. Cook made a motion at 11:20 am that the Board enter closed
session pursuant to NC General Statute 143-318.11(a)(4) and
143-318.11(a)(6) to discuss location and expansion as well as a
personnel matter. Mr. Shamdasani seconded the motion, and all voted
in favor. The board returned to public session at 12:45 pm and the
Chairman advised during closed session, no votes were taken. Action
Item #1 Mr. Cook made a motion to approve the land lease to Cold
Summit Wilmington 1 Joint Venture, LLC for the purpose of building
and operating one or more cold storage warehouses. Mr. Shamdasani
seconded the Motion. All voted in favor. Mr. Wicker stated the
Board of Directors will meet in Wilmington for the September
meeting. Mr. Shamdasani made a motion to adjourn and Mr. Cook
seconded the motion. All voted in favor. The meeting adjourned.
Approved this ____ day of _____________, 2021
______________________________ ________________________ Robert A.
Wicker Laura G. Blair Chairman, Board of Directors Secretary
Board of Directors Meeting September 23, 2021
Safety Update
Safety Incident Reporting Port of Morehead City
Near Misses Incidents Injuries July 1 5 1 (port employee) August 0
5 1 (port employee)
3 September 2021 Board of Directors Meeting
Safety Incident Reporting Port of Wilmington
Near Misses Incidents Injuries July 4 14 2 (1 port, 1 non-port)
August 1 24 1 (non-port)
4 September 2021 Board of Directors Meeting
Lost Time Injury (LTI) Rate Lost Time Injury rate follows a formula
to indicate safety performance. Divide the total number of lost
time injuries in a certain time period by the total number of hours
worked in that period, then multiply by 200,000 to get the LTI
Rate.
200,000 is the generally accepted baseline of LTI established by
OSHA; it represents 100 employees working 50 weeks or approximately
one year.
Lost Time Injury Rate is compared to Bureau of Labor and Statistics
for general safety trends in similar industries.
OSHA and Bureau of Labor and Statistics provide a national standard
of safety trends and performance that is commonly referenced and
accepted.
NC Ports falls under State of North Carolina OSHA (Department of
Labor) most other tenants at our terminals fall under Federal
Occupational Health and Safety Administration (Federal OSHA).
5 September 2021 Board of Directors Meeting
Bureau of Labor and Statistics 2019 Incident rates of nonfatal
occupational injuries and illness by industry and case types
6 September 2021 Board of Directors Meeting
TABLE 1. Incidence rates(1)of nonfatal occupational injuries and i
llnesses by industry and case types, 2019
Industry(2) NAICS code(3) Tota l recordable cases
Cases with days away from work, job restriction, or transfer
Other recordable casesTota l Cases with days away
from work(4) Cases with days of job transfer or restriction
All industries including private, state and local
government(5)
3.0 1.6 0.9 0.7 1.4
Transportation and warehousing(10) 48-49 4.4 3.2 2.0 1.2 1.2
Support activities for rail transportation 4882 2.1 1.7 1.2 0.5
0.4
Support activities for water transportation 4883 4.6 3.1 2.6 0.4
1.5
Marine cargo handling 48832 5.2 3.5 3.1 0.4 1.6
NC Ports Lost Time Injury Rate FY22 Number of lost time injuries =
0 Employee hours worked in FY22 = 71,030 Temp employee hours worked
in FY22 = 2,658 Total employee hours worked in FY22 = 73,688
FY 2022 LTI = 0 FY 2022 goal = not to exceed .9 FY 2021 LTI = .9 FY
2020 LTI = .9 FY 2019 LTI = 1.4 (number of lost time injuries) x
200,000
---------------------------------------------------- = Lost Time
Injury rate (total hours worked)
7 September 2021 Board of Directors Meeting
Port Employee Safety Index
Port of Wilmington July August
-Very Minor 6 13
Port of Morehead City July August
-Very Minor 2 4
Port Employee Safety Index
11 September 2021 Board of Directors Meeting
Incident Average Month 1.29 July 1.24 August
Port Safety Index Average = 1.26 FY 2022 Safety Goal is Port
Employee Safety Index not to exceed 1.3 FY 2021 Employee Safety
Index = 1.23 FY 2020 Employee Safety Index = 1.6 FY 2019 Employee
Safety Index = 1.8
Crane 16 Severe Weather Incident
12 September 2021 Board of Directors Meeting
• Incident occurred August 20th at approximately 10:34 pm.
• Crane was not operating; boom was positioned up.
• Rapid change in weather.
• Heavy rain/wind: sustained winds exceeded 45 mph, gusts of 69
mph.
• Crane traveled down crane rails at 7 mph.
• Safety mechanisms and safety stops worked as designed.
Crane 16 Severe Weather Incident
13 September 2021 Board of Directors Meeting
Crane 16 Corrective Actions
• Conducted comprehensive post-incident review process.
• Identified three corrective actions using employee input.
• Crane inspected and tested by crane engineering
specialists.
• Crane repaired and returned to full operational capability.
Commercial Update
September 2021 Board of Directors Meeting
Commercial Update – September OVERVIEW - All Segments • AUG mixed
volume performance • General Cargo positive YTD performance at +18%
to plan • Containers below plan - strong demand vs. congestion
& transpacific schedule challenge impacts • 1qFY22 and 1hFY22
projected above plan for general cargo and slightly below plan for
containers
General Cargo • Solid start with performance across both spot
shipments and regular programs • August performance 20% over
budget; primary drivers Chemicals and Wood Pellets (3x vessel
calls) • SEP outlook positive to plan for both POW and MHC –
playing to strengths • 1qFY22 GC projected +23% to plan
Containers • August’s performance was 11% under budget exclusively
due to the transpacific services
– 1 unrealized Transpacific sailing (blank or void) and significant
schedule bunching • September projected to be +2% of plan; progress
2qFY22 with 1hFY22 finishing 2-5% below plan • Expect continued
significant TP scheduling difficulties to impact volumes
Future Development – Key Initiatives • New Customer Program
Expansion – progress updates • Cold Chain Capability & Programs
Expansion • Rail, Intermodal & Inland Ports Progress – CCX
advancing • Economic Development Progress – Game plan &
Progress Update
Sept 2021 Board of Directors Meeting 16
GC Performance & Outlook: • AUG YTD tracking 18% above budget
(excl. Nutrien)
• POW: Strong start to fiscal year in Chemicals, Forest Products,
Steel segments • MHC: Nucor inputs and Organic Grain strong
start
• SEP/Q1 Outlook • POW: SEP 20% over monthly budget • MHC: SEP 30%
over monthly budget (excl. Nutrien) • Q1 Combined 23% over
budget
Highlights: • Warehouses/storage capacity tight
• Locations at high utilization levels (NC and E. Coast port
range); opportunities and challenges • Breakbulk freight rates
approaching record highs
Commercial Update - General Cargo YTD % YTD YTD % YTD
North Carolina State Ports Authority YTD Prior vs. vs vs. vs. FY21
Vessel Tonnage vs. FY21 Budget AUG YTD Budget YTD Budget Budget
Prior YTD Prior YTD
POW BB and Bulk Total (S/T) 288,372 505,475 423,248 327,271 82,227
19% 178,204 54%
MHC BB and Bulk Total (S/T) 83,163 192,367 166,334 144,207 26,033
16% 48,160 33%
TOTAL 371,535 697,482 589,582 471,479 108,260 18% 226,364 48%
BHF and RADIO ISLAND Bulk (S/T) 0 34,827 25,000 38,292 9,827 39%
(3,465) -9% GRAND TOTAL TONNAGE PORTWIDE 371,535 732,670 614,582
509,771 118,088 19% 222,899 44%
Sept 2021 Board of Directors Meeting 17
Commercial update - Containers North Carolina State Ports Authority
YTD % % YTD YTD % YTD Container (Moves) vs. FY22 Budget August YTD
Prior vs vs vs vs vs
August Budget YTD Budget YTD Budget August Budget Budget Prior YTD
Prior YTD THE Alliance - EC2 3,810 5,100 7,246 11,350 9,678 (4,104)
-25% -36% (2,432) -25% 2M/ZIM - ZCP 2,617 4,575 5,208 8,235 7,104
(3,027) -43% -37% (1,896) -27% ICL 4,445 3,450 8,621 7,875 7,008
746 29% 9% 1,613 23% Maersk/Sealand - SAE 911 1,000 2,025 2,325
1,679 (300) -9% -13% 346 21% Maersk/Sealand - NAE 388 200 677 400 0
277 94% 69% 677 - Crowley 1,830 1,575 3,079 2,825 1,271 254 16% 9%
1,808 142% Other 331 200 441 450 680 (9) 66% -2% (239) -35% TOTAL
14,332 16,100 27,297 33,460 27,420 (6,163) -11% -18% (123) 0%
Asia 6,427 9,675 12,454 19,585 16,782 (7,131) -34% -36% (4,328)
-26% Europe 4,445 3,450 8,621 7,875 7,008 746 29% 9% 1,613 23%
Central & South America 3,129 2,775 5,781 5,550 2,950 231 13%
4% 2,831 96% Other 331 200 441 450 680 (9) 66% -2% (239) -35%
August Performance & September Outlook • August was 11% below
plan
• Transpacific: August volumes significantly below budget. 4 of 5 x
2M+Z vessels realized THEA and 2M+Z underperformed due to severe
vessel bunching
• Europe: August volumes significantly above budget. Strong market
to continue. • Central America: Volumes are above budget
• September forecast + 2% to plan • Transpacific: Volumes projected
to be at plan even with scheduling difficulties • Europe: Volumes
to be above budget • Central America: Volumes to be above
budget
Sept 2021 Board of Directors Meeting
18
Economic Development Update NC Ports ED Game Plan & Progress •
Regional Priorities - Awareness and Alignment
• Industry Vertical Focus • Capacity and Sites • NC Ports
Support
• Marketing Awareness and Alignment • Updated Marketing Storyline
and outreach plans • Regional team intros and alignments
• Business Development and Economic Development Path • Relationship
building • Introductory sessions and education • NC Ports Vertical
and Segment leads • Capacity and site availability (State and
Port)
• Engagement and Alignment • Regional Industry Priorities • NC
Ports Value proposition to the Region • Pipeline
Management/Visibility • Marketing Cooperation & Function
Sponsorships
Sept 2021 Board of Directors Meeting 19
Program & Project Updates • Priority introductions /
engagement
• Dept. of Commerce, EDPNC, Duke Power, Regional and County
Economic Development Leadership
• Cadence Development • Quarterly Regional Economic Development
Board meetings • Monthly Local County Economic Development Board
meetings
• Building Joint DNA • Memberships:
• 12 active joint projects : renewables (offshore wind), food
processing, advanced textiles, manufacturing, refrigerated
warehouse
Sept 2021 Board of Directors Meeting
Economic Development Update
• NCEDA
• Chambers
• Counties
• Associations
• …And More
Targeted Regional Growth &
Economic Development Partners
Legacy & Targeted Growth Areas
Supply Chain/Logistics E-Commerce
Targeted Growth
Cold Chain Food Processing & Manufacturing Grocery Sector Bio
Life Science & Medical
Automotive / EV – Current NCP Study Aviation & Aerospace Energy
– Renewables - OSW, Solar, Biomass
Industrial Industrial & Machinery Chemicals &
Plastics
Priority Segments & Industry Verticals
Operations & IT Update
Truck Turn Times Container
Single Move 24.5 24.5 19.0 Double Move 35.7 35.6 31.0
General Cargo Wilmington
Steel 82.4 70.4 70.0 Lumber 56.6 53.6 70.0
Morehead City Dimensional Lumber 88.4 89.3 70.0 Rubber 30.6 40.5
50.0
September 2021 Board of Directors Meeting 25
Sheet1
Aug-21
FY22
Targets
Terminal Operating System Update
Phase 1 - Now in week 8 of utilizing the new systems.
(TOS/GOS/CAP)
Continuing to focus on the following areas to fully utilize the
system as designed. EDI transmission accuracy to our external
customers and partners. Reporting/Data visibility needs both for
internal and external use. Billing accuracy and transition of any
manual billing into the system. Inventory accuracy by specific yard
location. Planning activity in advance to push work instructions
out to the team
through the system for Vessel, Rail and Yard activity rather than
manually. Timely visibility of work completed with daily
reconciliation of vessel, gate,
rail, yard and CFS activity. Culture change to capture all activity
accurately and in real-time.
September 2021 Board of Directors Meeting
26
Terminal Operating System Update Phase 2 – Finalizing configuration
and development in TOS/GOS/CAP
Phase 2 will be focused on the following areas: Transition of
Container Operations employees to the new Container Office.
Transition of all truck activity to the new Southgate complex.
Launch Pre-advice functionality in the CAP to minimize Trouble
transactions
and streamline truck turn-times. Capture more data granularity on
Trucker turn-times and utilize to measure
improvement within each stage of the trucker process. Integrate
Chassis Yard Gate into the new TOS/GOS system as the official
stop/start location for any chassis usage/billing. M&R vendor
system integration for visibility of work completed on
terminal.
(Reefer Monitoring, Plug/Unplug, Pre-tripping & Container and
Chassis Repair)
September 2021 Board of Directors Meeting
27
New Southgate Container Complex Final Striping and
Paving underway
RPM Certification (next week)
week of Oct)
28
Ongoing Projects Area F East paving continues with scheduled
completion in January.
Design work underway for Reefer Yard Phase 2 with construction to
begin in 3rd Qtr. of this FY.
Scoular grain transfer facility in construction phase with
operations scheduled to begin in October.
POW Chassis Yard Improvements underway to transition to a managed
yard with chassis being interchanged, inspected and inventoried
upon entry/exit.
MHC Berth 4/5 improvements in design. Construction scheduled to
start in FY22 with completion in FY23.
Freight Handling Equipment Purchases in progress. 2 Reach Stackers
4 Terminal Tractors 8 Fork-lifts
September 2021 Board of Directors Meeting
29
September 2021 Board of Directors Meeting
(Volume in Thousands) Aug ‘21 Budget Aug ’20 Bud PY Container Moves
27.3 33.3 27.4 (6.0) (0.1) General Cargo Tons 697.8 589.6 471.5
108.3 226.4
(Financials in Millions)
Operating Revenue $10.1 $10.9 $9.6 ($0.8) $0.5 Operating Expense
8.8 9.8 8.7 1.0 (0.1) Operating Income $1.3 $1.1 $0.9 0.2 0.4
Non-Operating Items (0.1) (0.2) (0.4) 0.1 0.3 Ordinary Net Income
$1.2 $0.9 $0.5 $0.3 $0.7
Variance
31
Sheet1
Variance
$17.9
$17.4
$16.2
$0.5
$1.7
(Financials in Millions) Aug ‘21 Budget Aug ’20 Bud PY Ordinary Net
Income $1.2 $0.9 $0.5 $0.3 $0.7
Gain (Loss) on Disposal $0.0 $0.0 $0.0 $0.0 $0.0 Asset Impairments
0.0 0.0 0.0 0.0 0.0 Capital Appropriation 11.3 0.0 0.0 11.3 11.3
Extraordinary Rev (Loss) (0.1) (0.1) (0.1) 0.0 0.0 Other Expense
(0.5) 0.0 0.2 (0.5) (0.7) Subtotal 10.7 (0.1) 0.1 10.8 10.6 Change
in Net Position $11.9 $0.8 $0.6 $11.1 $11.3
Variance
32
Sheet1
Variance
T ho
us an
33
27.4
0
10
20
30
40
0
5
10
15
20
Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun YTDM ov
es (
0
50
100
150
0
25
50
75
100
125
Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun YTD
To ns
(t ho
us an
262.1
321.2
34
$1,104.4
$132.9
$- $1.0 $2.0 $3.0 $4.0 $5.0 $6.0
Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun YTD
M ill
io ns
Operating Revenue
35
$2.35
$1.69
$1.0
$2.0
$3.0
$4.0
Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun YTD
M illi
on s
Adj. EBIDA (FY21 excludes DEP net reimbursement) FY22 Budget
FY21
Capital Spending Overview
Summary of Cash Flows Cash and Cash Equivalents at July 1, 2021
$82.2
Total Cash Provided From Operating Activities ($0.8)
Total Cash Provided From (Used For) Investing Activities
(2.9)
Total Cash Provided From (Used For) Financial Activities 11.5
Net Increase (Decrease) in Cash and Cash Equivalents $7.7
Cash and Cash Equivalents at August 31, 2021 $89.9
Operating Cash $22.7
36
Expansion $4,655 $5,146 $492 $25,018 $26,381 $1,364
Core $1,335 $1,502 $167 $12,989 $13,047 $59
Total $5,990 $6,648 $659 $38,006 $39,429 $1,422
Year to Date Full Year
Sheet1
$82.2
($0.8)
(2.9)
11.5
$7.7
$89.9
Sheet1
37
Summary
• Positive start to FY22 provides cushion through continued
Covid-19 economic uncertainty • Expense savings timing primary
driver of positive YTD results • Transition to N4 billing
continues
• FY21 Financial Audit underway • Could be finalized in
October
• Cash on Hand and quarterly State Capital Appropriation will cover
near term capital and debt payments
Board Book Cover 09 23 2021
09 23 2021 Agenda
08 26 2021 Approved Minutes
09 23 2021 Power Point Presentation
Board of Directors Meeting
Safety Incident ReportingPort of Wilmington
Lost Time Injury (LTI) Rate
Bureau of Labor and Statistics
NC Ports Lost Time Injury Rate FY22
Port Employee Safety Index
North Carolina Ports Employee Incident Classification SystemPort of
Wilmington
North Carolina Ports Employee Incident Classification SystemPort of
Morehead City
Port Employee Safety Index
Crane 16 Corrective Actions
Legacy & Targeted Growth Areas
Change in Net Position After Extraordinary Items
YTD Budget to Actual