TelestackThe Wolfson Centre for Bulk Solids Handling Technology TBA GroupCimbriaCleveland Cascades LtdPort of South Louisiana
  • Multimodal 2022
  • Sailors Society
  • TOC Events
  • TBA Group
  • Cleveland Cascades Ltd
  • Cimbria

AD Ports announces strong revenue growth

AD Ports announces strong revenue growth

(Posted on 16/10/21)

AD Ports Group has announced its financial results for the first half of the year ended 30 June 2021, reporting revenue increase of 21% year-on-year to AED 1,832 million (USD 499 million) compared with AED 1,517 million (USD 413 million) in the first half of 2020, driven by organic growth, diversification into new businesses, new leases and partnerships.

EBITDA rose 8% year-on-year to AED 770 million (USD 210 million), up from AED 714 million (USD 195 million) in the first half of 2020, with growth across most of the business clusters.

Captain Mohamed Juma Al Shamsi, Group CEO, AD Ports Group, said: "Our results demonstrate our resilience and the robust growth we have achieved across our business in line with our strategy. We are committed to driving development and diversification to Abu Dhabi and the UAE’s economy. Our financial performance is underpinned by continued expansions and increased activity, with key partnerships and joint ventures being established that are expected to deliver reliable returns in the future.”

“We are focused on growing our customer base across all of our business clusters. A significant part of our business is based on long-term contracts that provide reliable and stable revenues.”

The underlying business witnessed cargo volumes growing from 15 million metric tonnes in H1 2020 to 25 million metric tonnes in H1 2021, while container throughput grew from 1.57 million TEUs (twenty-foot equivalent units) to 1.59 million TEUs during the same period. The industrial zones leased about 2.4 million sq. metres of land during H1 2021.

From a capital-raising standpoint, AD Ports Group successfully issued a AED 3.67 billion (USD 1 billion rated A+ by Fitch and S&P, respectively) bond dually listed on the London Stock Exchange (LSE) and Abu Dhabi Securities Exchange (ADX) in May 2021, achieving the lowest coupon rate for an Abu Dhabi government-related entity at the time.

Operational highlights to date in 2021 include the formal inauguration of the expanded container terminal at Fujairah Port in June 2021.

Martin Aarup, Group Chief Financial Officer, AD Ports Group, said: “Our business model is based on long-term contracts with predictable cash flows, enabling us to plan and invest effectively. Coming out of the peak of the COVID-19 pandemic, we are focusing on delivering solid returns and managing our capital effectively. Our invested capital increased from AED 19.4 billion (USD 5.3 billion) in 2020 to AED 22.4 billion (USD 6.1 billion) in 2021 in line with our ongoing expansion program.”

The Group reported a slight decline in return on invested capital (ROIC) to 5.04%, which was mainly due to increase in invested capital across the portfolio, especially in the ports and industrial zone businesses, which are expected to yield incremental returns going forward.

Latest News

HOST sails first vessel on Mississippi with 50 feet draft

(Posted on 12/08/22)

T. Parker Host has announced the largest amount of cargo ever loaded on the Mississippi River on 6th... Read more


Singapore and Rotterdam to establish world’s longest Green and Digital Shipping Corridor

(Posted on 05/08/22)

An MoU signed by Ms. Quah Ley Hoon, Chief Executive of MPA, and Mr Allard Castelein, CEO of the Port... Read more


JV to co-develop rail and port for Simandou iron ore project in Guinea

(Posted on 29/07/22)

The government of the Republic of Guinea, Winning Consortium Simandou (WCS) and Rio Tinto Simfer has... Read more


Angolan Government awards Lobito Corridor railway concession tender

(Posted on 25/07/22)

The Ministry of Transport of the Government of Angola has announced the award of the concession tender... Read more


Castaloop expands ops at new Illinois terminal

(Posted on 22/07/22)

Castaloop USA, Inc., a subsidiary of Logistec Stevedoring Inc., have announced the opening of a new... Read more


TBA and Peel Ports extend 23-year relationship

(Posted on 18/07/22)

TBA Group is pleased to announce that Peel Ports Group have signed a framework agreement that will see... Read more


North Sea Port sees transhipment rise by 10%

(Posted on 18/07/22)

In the first quarter of 2022, the businesses in North Sea Port recorded 37.5 million tons of seaborne... Read more


Duisport and Amsterdam join forces to develop green network

(Posted on 01/07/22)

Port of Amsterdam and duisport will expand their long-lasting cooperation, as Markus Bangen, CEO at... Read more


AD Ports to acquire majority stakes in Transmar and Transcargo International

(Posted on 01/07/22)

AD Ports Group, the vertically integrated trade enabler, has announced that it has reached an agreement... Read more


New Cargill waste-based biodiesel plant at North Sea Port

(Posted on 26/06/22)

Cargill has opened its first state-of-the-art biodiesel plant that converts waste oils and fats into... Read more


Multimodal 2022TOC EventsVan AalstSailors SocietyViganBühler GmbH
  • Port of Stockton
  • Van Aalst
  • Port of South Louisiana
  • Telestack
  • Vigan

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping