The Executive Board of the Société d'Exploitation des Ports, Marsa Maroc, met on March 2nd, 2022 under the chairmanship of Mr. Said ASBAAI, to review the company's activity and approve the financial statements at the end of 2021.

A SIGNIFICANT INCREASE IN FINANCIAL INDICATORS

Attheendof2021,MarsaMarocgroupachievedarevenueofMAD3 592million, up by 30% compared to the previous year, mainly thanks to the 32% increase in the traffic handled. This increase was driven by the start of Tanger Alliance which achieved a revenue of MAD 678 million during its first year of activity, as well as by the growth of the revenue of other subsidiaries of the group (+24% for TC3PC at the port of Casablanca and +11% for SMA at the port of Agadir).

The operating income amounted to MAD 1 129 million, up 49% compared to the previous year. This evolution is explained by the control of operating expanses and the growth of revenue.

The Net Income Group Share achieved by Marsa Maroc group stood at MAD 666 million, representing a net margin of 19%.

OUTLOOK

Marsa Maroc group is in a positive dynamic, driven by the growth of its subsidiaries, as well as by its strategic partnership with the Tanger Med group.

In 2022, Marsa Maroc group will consolidate the growth of its container terminal at the port of Tanger Med 2 by supporting its customers in their commercial development in the region, as well as strengthening its position in port services provided to the domestic traffic.

Also, following the expiry in December 2021 of its contract for the handling of bulk and general cargo activities at the port of Tanger Med 1, Marsa Maroc has obtained its renewal for a period of 10 years.

DIVIDENDS PROPOSAL

The management board proposes to submit to the Ordinary General Meeting for approval, the distribution of dividends of MAD 7.2 per share.

Financial Communication

FINANCIAL RESULTS AS AT DECEMBER 31ST, 2021

REVENUE (MAD MILLION)

3 592

2 757

+30%

20202021

OPERATING INCOME (MAD MILLION)

1 129

759

+49%

20202021

NET INCOME GROUP SHARE (MAD MILLION)

666

292

+128%

20202021

Marsa Maroc - Public limited company with Supervisory Board and Executive Board Head office : 175, Bd Zerktouni. Casablanca.

Tel. : 0522 23 23 24 - Fax : 0522 23 23 35

Website : www.marsamaroc.co.ma

Financial communication contact :

Email : investisseurs@marsamaroc.co.ma

Tel. : 0522 77 67 84 / 94

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Marsa Maroc SA published this content on 04 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2022 09:25:05 UTC.