2022 annual results

April 2023

Company at a glance : the leading port operator in Morocco

50.4 million

of tons

Traffic (2022)

35% market

share

Market share (2022)

35% Tanger MED group

25% Moroccan state

30% free float

10% pool of 3 investors

Shareholder structure

Mad 3 949 mn

USD 375 mn

Consolidated revenue

(2022)

Mad 1 884 mn

USD 182 mn

Consolidated EBITDA

(2022)

Mad 817 mn

USD 79 mn

Consolidated Net Income

(2022)

2

Market Overview

Activity evolution

Financial Overview

Global national traffic

Evolution of national traffic (incl. T/S)

CAGR T/S 18-22 : +25.2%

In thousands of tons

CAGR export 18-22 : 2.4%

CAGR Import 18-22 : +1.5%

+4,5%

191

200

170

152

137

62

81

+9%

89

49

36

39

38

41

43

-0%

43

62

65

67

67

-2%

66

2018

2019

2020

2021

2022

Import

Export

Transhipment

Evolution of domestic traffic (import and export)

Traffic split by categories

% of overall traffic in tons

coastal

shipping 5%

Export 15%

Transhipment

44%

Import 30%

Growing rate per traffic

CAGR 18-22 : 2.2%

In thousands of tons

Traffic

Growth rate

22/21

100 +3.3%

103

109+2.3% 112 -2,4% 109

5.8%

Liquid bulks

+1.1%

(ton)

Containers

-2,9%

(EVP)

Ro-Ro

-5.4%

(unit)

Solid bulks

-7.1%

(ton)

General cargo

2018

2019

2020

2021

2022

(tonnage)

-3.1%

Source : estimation MM ANP, DPDPM 4

Main component of domestic national market

In thousands of tons

Bulks

-3,966

-7.1%

Liquid bulks

  • 210 KT
    +1.1%

Other traffics

Phosphates rock

Fertilizer

Grains

Sulphur

Coal and coke

-4,054

- 2,071

+1,651

- 579

-69

-42,7%

-17.7%

+23,2%

-8.4%

-0.6%

9 482

11 730

12 096

12 027

8 771

6 854

6 275

5 428

9 658

7 120

2021

2022

2021

2022

2021

2022

2021

2022

2021

2022

Hydrocarbs

Ammonia

Phosphate Acid

Oils

+949

+231

-85

22

10 058+9.4% 11 006

+14.0%

1 885

3 881 -2.2% 3 796

+3.6%

1 654

608

630

2021

2022

2021

2022

2021

2022

2021

2022

Domestic containers *

TIR including Tanger Med

In thousand of EVP

+14%

In thousand of

unit

1 709 -2,9%1660

505 098

441 085

Source : ANP, DPDPM

5

* Excluding Transhipment trafic in Tanger Med

2021

2022

2021

2022

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Disclaimer

Marsa Maroc SA published this content on 02 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2023 14:50:08 UTC.