SBITC wins 2019 Chairman’s Cup

Subic Bay International Terminal Corp. (SBITC) emerged as the top-performing subsidiary in the ICTSI Group for 2019.

SBITC was recognized for its 2019 growth in volume, revenue, and earnings before interest, taxes, depreciation, and amortization (EBITDA). The Company was able to maintain this growth for two consecutive years.

Also honored are first runner-up Matadi Gateway Terminal (MGT) and honorable mentions Batumi International Container Terminal (BICT) and Adriatic Gate Container Terminal (AGCT).

The Manila International Container Terminal was cited for its sustained performance.

Held in early March, the annual Chairman’s Cup awarding ceremony recognizes the Group’s top-performing terminals based on growth, volume, revenue, EBITDA, net income, improvements in operating leverage, and free cash flows.

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Top performers for 2019. Enrique K. Razon (fourth from left), ICTSI Chairman and President, with Roberto Locsin, SBITC President; Wojciech Szymulewicz, AGCT Chief Executive Officer; Nikoloz Gogoli, BICT Chief Executive Officer; Philippe Baudry, MGT General Manager; and Tim Vancampen, VICT Chief Executive Officer and former MGT General Manager, during the awarding ceremony at Solaire Resort & Casino.