Annual Report and Accounts 2013

Highlights

OPERATIONAL HIGHLIGHTS

  • 55 million TEU (twenty foot equivalent container units) were handled across DP World’s global portfolio in 2013
  • The first ship called at the DP World London Gateway port, Britain’s new high-tech shipping port and Europe’s largest logistics hub
  • Jebel Ali launched its new one million TEU Terminal 2 expansion, welcoming one of the world’s largest container vessels, the MSC La Spezia
  • The lost time injury frequency rate fell by 12% during 2013
  • Globally, an 8.7% reduction in our absolute CO2e emissions, which is equivalent to a 5.8% reduction in KgCO2e/ModTEU was achieved in 2013
  • We jointly convened the third Counter-Piracy Conference in Dubai which was attended by over 750 government and industry leaders from around the world
  • As a premier partner of Expo2020, we supported Dubai’s successful bid for Expo2020
  • See our Strategic Report in full

FINANCIAL HIGHLIGHTS

Revenue is in USD million before separately disclosed items. The results of the Group are set out in detail in the Consolidated Financial Statements and accompanying Notes.

Growing adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) is a key measure of value delivered to shareholders. EBITDA is calculated including our share of profit from joint ventures and associates on a basis which excludes separately disclosed items.

Profit attributable to owners of the Company is before taking separately disclosed items into account and excludes any profit attributable to non-controlling interests (minorities).

The adjusted EBITDA margin is calculated by dividing EBITDA by revenue, including our share of profit from joint ventures and associates.

See our Financials in detail.

* The Group has restated the 2012 financial statements to reflect the impact of new accounting standards as described in note 3(F) of the Consolidated Financial Statements.