Dalrymple Bay Infrastructure (DBI) H1 2025 Earnings Call August 24, 2025 09:00 PM ET Company ParticipantsMichael Riches - CEOStephanie Commons - CFOAnthony Moulder - Head - Transport & Infrastructure ResearchCameron McDonald - MD - Head of ResearchOwen Birrell - Infrastructure & Industrials ResearchSam Seow - Vice PresidentConference Call ParticipantsNathan Lead - Senior Research AnalystIan Myles - Infrastructure & Utiltiies AnalystMichael RichesThank you, and good morning, and welcome to Dalrymple Bay Infr ...

Core Insights - Kalmar Corporation has secured an order from Cagliari RoRo Terminal for eight heavy terminal tractors, which will enhance operational efficiency and safety [1][3] - The order is part of Kalmar's Q2 2025 intake, with delivery expected in Q4 2025 [1] - Cagliari RoRo Terminal, established in 2008, is a significant logistics player in the Mediterranean region [2] Company Overview - Kalmar is a global leader in sustainable material handling equipment and services, operating in over 120 countries with approximately 5,200 employees [5] - In 2024, Kalmar reported sales of approximately EUR 1.7 billion [5] Customer Relationship - Cagliari RoRo Terminal has been a loyal customer of Kalmar for several years, valuing the reliability and performance of Kalmar's terminal tractors [4] - The collaboration is supported by Kalmar Italia's local service capabilities, ensuring rapid delivery of parts and maintenance services [4]

Core Insights - Kalmar has secured a significant order to supply 11 hybrid straddle carriers to Seayard for the FOS2 XL container terminal in Fos-sur-Mer, France, with delivery expected by Q2 2026 [1][3]. Company Overview - Kalmar is a global leader in sustainable material handling equipment and services, headquartered in Helsinki, Finland, operating in over 120 countries with approximately 5,200 employees. In 2024, Kalmar's sales reached approximately EUR 1.7 billion [5]. Environmental Impact - The new hybrid straddle carriers will enable Seayard to significantly reduce fuel consumption and CO2 emissions compared to traditional diesel-powered machines, while also generating less noise [3]. Operational Efficiency - The MyKalmar INSIGHT performance management tool will provide Seayard with actionable insights to enhance fleet operations and identify efficiency improvement areas [3][4]. Strategic Partnership - The partnership between Kalmar and Seayard is strengthened through this order, with a focus on optimizing fuel consumption and improving operational reliability [4].

Core Viewpoint - Kalmar has successfully completed a repair project for a ship-to-shore (STS) crane at the Nhava Sheva Freeport Terminal (NSFT) in Mumbai, India, in collaboration with the Jawaharlal Nehru Port Authority (JNPA) [6][7]. Company Summary - Kalmar Corporation is a global leader in sustainable material handling equipment and services, operating in over 120 countries with approximately 5,200 employees. In 2024, the company reported sales of approximately EUR 1.7 billion [10]. - The company specializes in heavy material handling equipment and services for ports, terminals, distribution centers, manufacturing, and heavy logistics [10]. Industry Summary - JNPA is a significant government-owned container handling port in India, responsible for around 50% of the total containerized cargo volume at the country's major ports [7]. - The STS cranes at NSFT are essential for the loading and unloading of intermodal containers, highlighting the importance of maintaining such equipment for operational efficiency [8].

Core Insights - Kalmar has signed an agreement to supply Victoria International Container Terminal (VICT) with four hybrid automated straddle carriers, each capable of a 60-ton twin lift [3] - The order was booked in Kalmar's Q2 2025 order intake, with delivery expected to be completed by Q1 2026 [3] Company Overview - Kalmar Corporation is a global leader in sustainable material handling equipment and services, operating in over 120 countries and employing approximately 5,200 people [7] - In 2024, Kalmar's sales totaled approximately EUR 1.7 billion [7] Terminal Details - VICT is Australia's only fully automated container terminal, owned by International Container Terminal Services, Inc., with a design capacity of 1.5 million TEU [4] - The terminal is the only one in Melbourne capable of handling the largest boxships [4] Technology and Operations - VICT's automated operations are powered by the Kalmar One Automation System, which integrates automated equipment with a tested software solution [5] - Kalmar is responsible for ongoing maintenance and support of the automated container handling software at VICT [5] Executive Insights - Bruno Porchietto, CEO of VICT, emphasized Kalmar's role in increasing productivity and customer satisfaction [6] - Karri Keskinen, Head of Global Sales at Kalmar, noted that the new straddle carriers will enhance productivity and reliability for VICT [6]