Societe d'Exploitation des Ports : 22/02/2023 Q4 financial communication

ACTIVITY

At the end of 2022, the Marsa Maroc Group handled a total traffic of

50.4 million tons, up 6.7% compared to 2021, reaching the 50 million tons milestone.

All the traffic handled by the Group is in positive trend, despite the 4.2% decline in port traffic at national level(1), demonstrating the company's resilience and leadership :

• Container traffic is up by a strong 8.3% and has passed the two million TEUs threshold (twenty-foot equivalent units) with a total volume of 2,064,549 TEUs handled by the Group in 2022 :
• • transshipment container traffic amounted to 1,081,781 TEUs, showing a significant increase of 25% over the last 12 months ;
  • domestic traffic amounted to 982,768 TEUs, down by only 5.5% in 2022 in a context of an overall decline in traffic at national level.
• Bulk and general cargo traffic increased by 4.6% to 28.5 million tons :
• • the traffic of solid and general cargo was established at 18.2 MT, up by 1.3% compared to 2021;
  • liquid bulk traffic reached 10.3 million tons in 2022, up 11.1%.
• The traffic of new vehicles recorded a total of 102,009 units handled in the port of Casablanca, in progression of 12% compared to 2021. The IRT traffic, handled at the port of Nador, reached nearly 26,094 units.

Consolidated revenue increased by 10% to MAD 3,949 million at December 31ST, 2022, driven by higher volumes.

SCOPE OF CONSOLIDATION

There was no change in the Group's scope of consolidation during the last quarter of 2022.

INVESTMENT

Consolidated investments engaged by the Group at the end of December 2022 amount to MAD 477 million compared to MAD 683 million for the same period in 2021.These investments concern mainly recurrent investments linked to the renewal program.

DEBT

The Group reduced its net debt at the end of December 2022 to MAD 342 million. It is made up of MAD 2,366 million of financing debts and MAD 2,024 million of cash.

1. ) Source : December 2022 report of the National Port Authority
   (*) : Figures not audited at the date of publication

Financial communication

FOURTH QUARTER 2022 INDICATORS

CONSOLIDATED TRAFFIC

(MILLION TONS)

50.4

47.2

12.5

12.5

+6.7%

2021

2022

Q4-2021

Q4-2022

	CONSOLIDATED REVENUE
	(MAD MILLION)
	3,949
					984
3,592					971
	+10%	942		+4.4%
	2022*
2021	Q4-2021	Q4-2022*

CONSOLIDATED NET DEBT

(MAD MILLION)

1,028

342

-64 %

Q4-2021Q4-2022*

Marsa Maroc - Public limited company with Supervisory Board and Executive Board	Financial communication contact :
Head office : 175, Bd Zerktouni. Casablanca.	Email : [e-mail]
Phone. : [phone] - Fax : [phone]	Phone. : [phone] / 94
Website : www.marsamaroc.co.ma