CORPORATE GOVERNANCE

Company Overview

Founded in 1987 to acquire the Manila International Container

Terminal (MICT) from the Philippine government in a competitive

privatization tender

Unique strategy focused on acquiring underperforming small- and

mid- sized terminals, mostly in government privatizations

Highly successful international expansion and acquisition strategy

ICTSI now manages / operates 28 marine terminals in 20 countries

Majority of earnings from outside the Philippines

Founder (Enrique K. Razon, Jr.) retains 61.3% stake and actively

manages the company

ICTSI BEFORE

ICTSI AFTER

ICTSI BEFORE

ICTSI AFTER

Diversified Global Operations

Key ICTSI terminals
Other ICTSI terminals
New terminals
Terminals under development

BCT
Gdynia, Poland
(100%)

YICT
Yantai, China

IOI
Portland, United States

(51%)

(100%)

BICT
Batumi, Georgia

AGCT
Rijeka, Croatia

(100%)

(51%)

OPCSA
Puerto Cortes,
Honduras

CMSA
Manzanillo, Mexico
(100%)

TSSA
Suape, Brazil

(100%)

(100%)

SPIA
Buenaventura,
Colombia

CGSA
Guayaquil, Ecuador

(46%)

(100%)

(100%)

Philippines

(65%)

ICTSI (ME) JLT

Umm Qasr, Iraq
(100%)

LICTSLE
Lagos, Nigeria
(75%)

ICTSI DR Congo S.A.

Matadi, DR Congo
(60%)

TECPLATA
La Plata, Argentina

PICT
Karachi, Pakistan

MICT
Manila

(100%)

SCIPSI
Gen. Santos

(100%)

(50%)

PT OJA PT MTS
Jakarta, Makassar,
Indonesia Indonesia
(80%)

MICTSL
Toamasina,
Madagascar

(100%)

NMCTS
Muara, Brunei

(95%)

VICT
Melbourne, Australia
(100%)

DIPSSCOR
Davao
(97%)

ISI
Subic Bay
(100%)

HIPS
Davao del
Norte

BIPI
Batangas
(60%)

SBITC
Subic Bay
(83%)

MICTSI
Misamis
Oriental
(100%)

(65%)

Terminal Details
Key terminals
MICT

Manila, Philippines
100% owned

TSSA

Suape, Brazil
100% owned

MICTSL

BCT

Toamasina,
Madagascar
100% owned

Gdynia,Poland
100% owned

YICT**

100% owned

New terminals

BICT

DIPSSCOR - Davao (97% owned)

SBITC - Subic Bay (83% owned)
BIPI - Batangas (60% owned)
SCIPSI - General Santos (50% owned)
MICTSI - Misamis Oriental (100% owned)
ISI - Subic Bay (100% owned)

Karachi, Pakistan
65% owned

Guayaquil, Ecuador

Other terminals
Other Philippine operations:

PICT

CGSA

Yantai, China
51% owned

PT MTS

Batumi,
Georgia
100% owned

Makassar,
Indonesia
95% owned

AGCT

Muara,
Brunei
100% owned

IOI

Portland,
Oregon USA
100% owned

CMSA

Puerto Cortes,
Honduras
100% owned

Jakarta,
Indonesia
80% owned*

NMCTS

Rijeka,
Croatia
51% owned

OPCSA

PT OJA

Manzanillo,
Mexico
100% owned

Under Development
SPIA

Buenaventura,
Colombia
46% owned

TECPLATA
La Plata,
Argentina
100% owned

ICTSI

DR Congo

Matadi, DR Congo
60% owned

LICTSLE
Lagos,
Nigeria
75% owned

ICTSI (ME)
JLT

Umm Qasr, Iraq

100% owned

HIPS

Davao Del Norte

Philippines
65% owned

VICT

Melbourne,
Australia
100% owned

Notes: *100% owned by PT Jasa Prima Tbk which is 80.19% owned indirectly by ICTSI
**Formerly YRDICT (up to June 30, 2014)

CORPORATE GOVERNANCE
refers to the way by which corporations are controlled and
managed
good corporate governance ensures that companies are
run as efficiently as possible in the interests of their
shareholders
as a listed company, we need to comply with governance
requirements set by the Philippines SEC

CORPORATE GOVERNANCE TRAININGS

BOARD COMPOSITION
We have 81 legal entities in 36 countries:
In order to:
enhance corporate governance;
streamline the decision making process;
enhance cooperation with Manila; and
make the best use of our limited resources
we are in the process of changing the composition of boards
of all terminals worldwide.

BOARD COMPOSITION
Working with the BDOs to change the boards so that if possible under local regulations - they will have 3
directors only:
Region Head
Local General Manager o
Manila representative

BOARD COMPOSITION
OLD BOARD
Enrique K. Razon, Jr.
Martin ONeil
Marcelo Suarez
Luis Cao

NEW BOARD
Marcelo Suarez
Luis Cao
Joel Sebastian

ICTSI Awards and Accolades

Port Project Sponsor of the Year Award - World Finance, Project Finance Deal of the
Year 2014

Excellence in Management and Corporate Governance Benchmarking in Asia - One of

the Platinum Awardees - The Asset Corporate Awards 2014

Most Admired ASEAN Enterprise Corporate Excellence - 1st Runner Up Award ASEAN Business Awards 2014

Best in Corporate Excellence - 1st ASEAN Business Awards Philippines 2014

One of the Best Investor Relations Companies in the Philippines - Corporate

Governance Asias Asian Excellence Awards 2012- 2014

One of the Best Investor Relations Professionals, Asias Best CEOs, Asian Corporate
Director - Corporate Governance Asia Awards 2014

One of Asias Icon on Corporate Governance - Corporate Governance Asia

Recognition Awards 2013 -2014
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