Westshore Terminals Investment Corporation (T:WTE)
Business Focus: Marine Port Services (NEC)
| Sector: Industrials | Industry: Marine Port Services |
| Company Contact | |
| Address: | Suite 1800, 1067 West Cordova Street VANCOUVER BC V6C 1C7 |
| Tel: | N/A |
| Website: | https://www.westshore.com |
| IR: | See website |
| Key People | ||
| William W. Stinson Chairman of the Board, Chief Executive Officer | M. Dallas H. Ross Chief Financial Officer, Director | Nick Desmarais Vice President - Corporate Development, Secretary, Director |
| Business Overview |
| Westshore Terminals Investment Corporation is a Canada-based company, which owns all of the limited partnership units of Westshore Terminals Limited Partnership (Westshore). The Company invests in Westshore by way of distributions on Westshore's limited partnership units. Westshore operates a coal storage and unloading/loading facility at Roberts Bank, British Columbia. Westshore receives handling charges from its customers for throughput volume. Coal is delivered to the Terminal in unit trains operated by Canadian Pacific Railway, BNSF Railway, and Canadian National Railway. The product is unloaded and either directly loaded onto a ship or stockpiled for future ship loading. The loaded ships are then destined around the globe to approximately 16 different countries. Westar Management Ltd. (the Manager) provides management services to Westshore and administrative services to the Company. The manager also provides insurance and vehicle leasing services to the Company. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Westshore Terminals Investment Corp revenues increased 30% to C$381M. Net income increased 74% to C$116.6M. Revenues reflect Coal loading increase of 28% to C$360.4M, Other increase from C$9.8M to C$20.6M. Net income benefited from Interest income increase from C$2.8M to C$6.5M (income), Foreign exchange gain (loss) increase from C$1.4M (expense) to C$1.7M (income), Employee benefit interest expense. |
| Employees: | 423 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1,684M as of Dec 31, 2023 |
| Annual revenue (TTM): | $381.00M as of Dec 31, 2023 |
| EBITDA (TTM): | $192.87M as of Dec 31, 2023 |
| Net annual income (TTM): | $116.56M as of Dec 31, 2023 |
| Free cash flow (TTM): | $13.46M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $113.14M as of Dec 31, 2023 |
| Shares outstanding: | 62,514,675 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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