Annual Port ReviewJune 24, 2015

Port Everglades by the Numbers

For 2014: #1 Seaport in Florida by revenue - $153 million #1 Container port in Florida (#12 in U.S.) by volume 1,013,344 TEUs #1 Seaport for exports in Florida - $13.6 billion #1 Refrigerated cargo port in Florida (#7 in U.S.) -125,272 TEU’s #1 U.S. gateway for trade with Latin America (15.3 percent of all Latin American & Caribbean trade in the U.S.) #2 Petroleum port in Florida –112.4 million barrels #2 Cruise port for multi-day passengers in the World – 4 million #3 Foreign-Trade Zone (warehouse/distribution exports) in the U.S.

(CY2013)

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Key Comparative PerformanceStatistics FY 2014 and FY 2013

MeasurePort

Everglades Miami Jacksonville Canaveral

Savannah(GA PortsAuthority)

Charleston(SC Ports Authority)

Total TEUs FY 2014 1,013,344 877,554 936,972 278 3,136,016 1,739,765

FY 2013 927,572 901,454 926,810 580 2,949,449 1,573,443

% Change 9.2% ‐2.7% 1.1% ‐52.1% 6.3% 10.6%

Cruise Passengers(Multi‐day/Daily)

FY 2014 4,001,354 4,939,000 181,580 4,167,258 0 196,935

FY 2013 3,600,636 4,079,000 185,434 3,986,994 0 185,336

% Change 11.1% 21.1% ‐2.1% 4.5% 0% 6.3%

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FY 2015 Performance thru April

Fiscal YearYTD

(through April)FY 2014 FY 2015 Percentage

Change

Containerized CargoTEUs 593,505 637,810 +7.5%

CruisePassengers 2,995,149 3,069,854 +2.5%

PetroleumBarrels 65,911,603 68,838,590 +4.4%

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Port Everglades Recommended Budget for FY2016

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Summary of Recommended Operating Revenues for FY 2016 - $159,079,200

Cruise $57,651,900

Petroleum $32,268,300

Other $2,701,700

Parking $8,382,800 Real Estate

$16,463,300

Bulk/Break Bulk Cargo $6,709,700

Containerized Cargo

$34,901,500

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Revenue Budget Comparison

Division FY15 Revenue Projection

FY16 Recommended

Budget*% Change

Petroleum $31,399,200 $32,268,300 2.8%

Containerized Cargo 33,617,300 34,901,500 3.8%

Cruise56,822,100 57,651,900

1.4%

Bulk/Breakbulk 6,416,200 6,709,700 4.6%

Real Estate 15,319,900 16,463,300 7.5%

Parking 9,342,200 8,382,800 (10.3%)

Other 2,439,900 2,701,700 10.7%

Total $155,356,800 $159,079,200 2.4%

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*Includes average tariff increase of 2.8%

Summary of Recommended Operating Expenses for FY2016 - $87,524,800

Other$5,769,600 Insurance

$5,154,100

Fire Rescue$9,161,300

Law Enforcement &

Security$23,000,800

Personnel$19,542,800 Crane

Operations$10,351,600

Contractual Services

$6,751,100

Utilities$4,495,600

Maintenance & Repairs

$3,297,900

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Expense Budget Comparison

Expense Category FY15 Adopted Budget FY16 Recommended Budget % Change

Fire/EMS* $8,434,900 $9,161,300 8.6%

Security* 21,011,400 23,000,800 9.5%

Insurance 5,379,900 5,154,100 (4.2%)

Personnel 18,763,100 19,542,800 4.2%

Crane Operations 9,837,000 10,351,600 5.2%

Contractual Services 6,525,700 6,751,100 3.5%

Utilities 4,494,200 4,495,600 0.0%

Maint. & Repairs 3,368,600 3,297,900 (2.1%)

Other 5,583,800 5,769,600 3.3%

Total $83,398,600 $87,524,800 4.9%

*Based on preliminary budget and subject to negotiations with BSO

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FY2016 – FY2020 Recommended CIP

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Summary of Recommended FY2016 – FY2020 CIP - $792,552,670

Bulkheads142,800,000

Cruise88,550,000

Cargo 292,759,820

Other61,442,850

Deepening & Widening

192,000,000

Reserves15,000,000

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2014 Master/Vision Plan Project Needs Improve cruise facilities to expand operations Longer cruise berths and wider slips Improve the petroleum-receiving system and operations Cargo berth and yard capacity Ability to berth fully laden post-Panamax ships of 8,000

to 8,500 20-foot equivalent container units (TEUs) Modern cranes to load and unload post-Panamax ships Foreign Trade Zone relocation Bulkhead replacements

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2014 Master/Vision Plan Projects in FY2016 -FY2020 CIPNeobulkStorage Yard

Southport Phase 9A Container Yard

Foreign Trade Zone Relocation

McIntosh Road Gate Lane Addition

Southport TurningNotch Extension

Southport Phase 9B Container Yard

New Crane Rails(Berths 30, 31, 32)

Berths 1, 2, 3New Bulkheads

USACE Deepening & Widening Design & Construction

Slip 2 Westward Lengthening

Slip 1 New Bulkheads & Reconfiguration(Petroleum berths)

CT#25 Improvements/Expansions

Super Post‐Panamax Cranes (2)

West Lake Mitigation

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Completed CIP Projects Eller Drive Overpass

Project complete and operational in December 2014Intermodal Container Transfer Facility (ICTF)

Project complete and operational on July 16, 2014

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Deeper (48 feet+1+1) and Wider ChannelsU.S. Army Corps of Engineers/Port Everglades

Total Project Cost $374.1M

Anticipated Federal funding $189.9M

Port Funding $184.2M

Total eligible for State funding based on current 75% criteria

$138.2M

Appropriated State funds $3.6M

Currently programmed State funds

$15.0M

Remaining amount eligible for additional State funding

$119.6M

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Deeper (48 feet+1+1) and Wider Channels U.S. Army Corps of Engineers/Port Everglades (cont’d)

Channel Deepening and Widening Approved by Civil Works Review Board on

February 27, 2015 Chief’s report expected June 2015 Of the estimated $5.6 million cost of pre-

construction engineering and design, the Port has received $3.6 million from the State

Port can seek Federal reimbursement once project is authorized by Congress

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Southport Turning Notch Extension

Total Estimated Project Cost $269.4M

Port funding (minimum) $67.3M

Total eligible for State funding based on current 75% criteria

$202.1M

Appropriated State funds $62.5M

Currently programmed State funds $11.5M

Remaining amount eligible for additional State funding $128.1M

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Southport Turning Notch Extension (cont’d)

Southport Turning Notch ExtensionUpland Mangrove Enhancement Underway - Construction completion Summer 2015

Westlake Park Mitigation Design and permitting underway

Turning Notch Construction Design and permitting underway Construction begins end of CY 2016 Construction completion December 2019

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Capital Project TotalsProject

Previously Funded

FY 16CIP

FY17-FY20 CIP Total

ACOE Deepening and Widening (Design/Construction/Mitigation) $ 15.0 $ 9.5 $182.5 $207.0

Cruise Terminal 25 (Programming/Design/Construction) 1.4 12.5 12.5 26.4

Southport Electrical Sub-Station (Construction) - 15.0 - 15.0

FTZ Relocation (P3) - 27.0 27.0 54.0

McIntosh Road Checkpoint Modifications (Design/Construction) 0.1 1.4 - 1.5

Multimodal Facility Phase 1 (Design/Construction) - - 40.8 40.8

Neo-Bulk Storage Area (Design/Construction) 0.7 3.5 3.5 7.7

Post Panamax Cranes - SP8 and SP9 (Design/Construction) 15.0 7.5 7.5 30.0

Replacement Bulkheads (Berths 1,2,3,16,17,18,21,22) - 1.2 77.2 78.4

Slip 1 New Bulkhead at Berths 9 and 10 (Design/Construction) 22.0 30.9 30.9 83.8

Slip 2 Westward Lengthening (Design/Construction) 23.0 - - 23.0

Southport Phase 9A Container Yard (Design/Construction) - - 9.7 9.7

Southport Phase 9B Container Yard (Design/Construction) 8.8 - - 8.8

Southport Container Yard Densification (Design/Construction) - - 33.7 33.7

Southport Turning Notch Extension (Design/Construction/Mitigation) 103.7 57.9 107.8 269.4

Total $189.7 $166.4 $533.10 $889.2

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Average Tariff Adjustments

FY 2014 FY 2015 FY 2016(Proposed)

3.0% 3.0% 2.8%

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