Financial highlights for 2023 Q1 YTD

Year-to-Date Q1, 2023 Profit is lower than YTD Q1, 2022 due to drop in General Cargo Revenue

• 2023 YTD Q1 revenue is 11% lower than last year. General cargo reduced by 32% compared to last year Q1 due to shift of Aluminum to Container volumes and no Steel volumes from SULB, Marine revenue is lower due to lower Navy and Private Jetty calls while Container revenue remained in line with Q1 last year
  
  
• Operating profit decreased by 15%  vs. last year Q1 mainly driven by drop in revenue directly impacting the Royalty cost and subcontracting charges while strict cost control measures have been implemented to avoid fixed cost increases.