ORDER BOOK TOTAL & by LOA Superyachts contributed 24bn to the W/W economy in 2010 Direct Contribution - 13.76bn Indirect Contribution - 10.24bn > 6.000 companies operate in the industry Jobs created are worth 5.99bn / year 4.37bn on land based jobs 1.62bn on crew jobs ~100.000 contractor / day worker jobs Out of 52 weeks: 11 cruising; 9 away from homeport; 11 in rework/refit; 21 at homeport Page: 1 May, 2012
ORDER BOOK TOTAL & by LOA N U M B E R 700 600 500 400 300 200 TOTAL ORDERS LOA 30-40m LOA 40-50m LOA +50m 100 0 3 4 5 6 7 8 9 10 11 12 YEARS 2003 TO 2012 Page: 2 May, 2012
DISTRIBUTION OF BUSINESS 2010 - W/W Revenue of 20,3 Billion Suppliers & Manufacturers 1,96 0,93 0,50 1,72 0,69 8,68 Marinas & Ports Shipyards - New Build Only Shipyards - Refit Only Shipyards - New Build & Refit 4,89 1,93 Brokerage & Yacht Management Designers Consultants, Legal, Banking, Insurance Page: 3 May, 2012
DISTRIBUTION BY REGION - 20.3Bn DISTRIBUTION OF BUSINESS ROW AUS + NZ REST OF EUR GERMANY SPAINFrance N AMERICA UK HOLLAND ITALY N AMERICA UK HOLLAND ITALY France SPAIN GERMANY REST OF EUR MIDDLE EAST AUS + NZ ROW Page: 4 May, 2012
LENGTH OF STAY WHILE CRUISING Ave. Length of Stay while Cruising 14% 6% 3%5% 5% 20% 47% 1 to 2 Days 3 to 4 Days 5 to 7 Days 1 to 2 Weeks 2 to 3 Weeks 3 to 4 Weeks > 1 Month Captains strongly dislike the need to make guests wait to go ashore. Make clearances easy across the Caribbean - more yachts will come. Page: 5 May, 2012
MONTHLY CREW SALARY BY YACHT SIZE Size of Yacht Average No. Of Crew Approx. Monthly Payroll 30 39.99m 5 24.000 40 49.99m 8 37.000 50 59.99m 12 56.000 60 69.99m 17 80.000 70 79.99m 22 105.000 80 89.99m 30 140.000 90 99.99m 34 160.000 >100m 63 295.000 The longer they stay the more they will spend of those or US$! Page: 6 May, 2012
SUPERYACHTS - DATA FROM SINT MAARTEN Data from St. Maarten 2007 Production GNP Wages & Salaries N of Employies Total (M ) 1 046,3 572,2 268,6 16 241 Yachting (M ) 170,4 71,9 45,5 2 794 % Share of Total 16,3% 12,6% 16,9% 17,2% Hotels+Restaurants (M ) 139,3 54,3 35,0 NC % Share of Total 13,3% 9,5% 13,0% Source : Census Bureau (~INSEE) of St. Maarten / Study ordered by the Marine Association of St. Maarten Yachting : N of Employies by M of Production 16.4 Yachting has a greater impact on the St. Maarten s economy than their hotel & restaurant industry! Page: 7 May, 2012
YACHTING - DATA FROM MARTINIQUE 2010 Data from the Port de Plaisance, Le Marin Type of Activity N of Companies N of Yachts N of Employies Revenue (M ) Charter Companies 25 254 156 17,3 Administration 3 4 34 2,4 Marine Trade Co. 17 0 44 7,4 Tourist Services 19 7 84 5,2 TOTAUX 64 265 318 32,3 N of Employies by M Revenues of Production 10.2 Economic Impact of yachts on the dock : Total / Administration (Dock) Revenue x 12,74 Source : Douglas Yacht Services Accounting Data Multiplier : Total Revenue / Cost of dockage of Superyachts x 10,63 Page: 8 May, 2012
CONCLUSIONS Yachting & Superyachting represent high value added tourism: St. Martin s Marine industry exceeds its Hotel & Restaurants contribution to the island Docks & ongoing Repair & Maintenance are opportunities for the Caribbean: St. Martin & Antigua have captured the «yacht base» business while serving primarily the cruising grounds of St. Barts, Antigua & the BVI Southern Caribbean opening up to bring more yachts down to stay & visit: St. Lucia (Rodney Bay & Marigot Bay marinas) and Grenada (Port Louis marina) Barbados (Port St. Charles + new marina planned) opening up to this market Guadeloupe offering a 50m floating dock / superyacht repair center Martinique in Le Marin with advanced plans for a major Dockyard upgrade (12M ) and marina Docks (up to LOA 100m) Superyachts while on cruise spending 67% of their time on 1 to 4 day-stays at each destination: Captain s strongly dislike to have to make guests wait to be able to go ashore Electronic clearances done in advance will make the Caribbean easy to visit and the greater will be the business for all islands! Page: 9 May, 2012