Port Of Los Angeles Presentation To The Los Angeles .

Port of Los Angeles Presentation to theLos Angeles Investors ConferenceMarch 19, 20181

Today’s FocusIntroduction to the Port of Los AngelesMarket Position & Cargo VolumesCapital Improvement Program & Key InitiativesFinancial PositionPOLA’s Credit Strengths2

INTRODUCTION TOTHE PORT OF LOS ANGELES3

#1 Container Port in the Americas9.3Founded in 1907Proprietary City DepartmentState Tidelands Trust GuidelinesMillionTraditionally A “Landlord” Port ModelTEUs in 2017Mayoral-Appointed Board of 5Container Volume Twenty-foot Equivalent Units (TEUs)8.9 million TEUs in 20168.2 million TEUs in 20158.3 million TEUs in 20147.9 million TEUs in 20138.1 million TEUs in 20127.9 million TEUs in 20117.8 million TEUs in 20106.7 million TEUs in 20097.8 million TEUs in 20084

Our Diverse Lines of BusinessContainers (CY17)9,343,192 TEUs 5.5% 19.1%Autos (CY17)236,956 units 6.1%Liquid Bulk (CY17)98,908,750 barrels-6.2%-5.5% 13.2%Steel (CY17)2,078,797 metric tonsScrap Metal (CY17)719,884 metric tonsFruit (CY17)75,039 metric tons-17.1%Cruise (CY17)498,848 passengers 58%Visitors to LA Waterfront3 million in 20175A “Full Service” Port

The L.A. Gateway of ConnectivitySuperior Access to U.S. MarketsStrong Market Mega-region of 23 millionconsumersIntermodal Connectivity Alameda Corridor 100 trains daily through L.A.Basin 2 Class-1 Carriers: UnionPacific & BNSFAccess to Major Freight HubsSuperior Infrastructure 53 foot water depth 8 container terminals, 91cranes6

MARKET POSITION &CARGO VOLUMES7

Critical Issues Facing the Port Creation and Realignment of Major Global ShippingAlliances Greater Complexity in the Supply Chain Larger Ships Port Competition Environmental Mitigation8

Growing TEU VolumesCY 2017 volumes increased 5.5% vs. CY 201610,000Thousands 716CY 2015CY 2016CY 20171,6572,0431,9214,0674,0933,9774,270CY 2011CY 2012CY 2013CY 38,8574,0003,0002,0001,000-In Loaded Out LoadedIn EmptyOut EmptyPOLA is primarily a gateway for import cargo. It handles about twiceas many imports than exportsooThe top five import commodities (by volume) are furniture, auto parts,apparel, electronic products, and footwear.The top five export commodities (by volume) are wastepaper, animal feeds,scrap metal, cotton, and soybeans.9

Competition CY2017 POLA continues to lead North American container ports in terms of volume Combined, POLA and POLB are the 9th largest seaport complex in the world109.39Millions Mexico2.52.4HoustonOakland210Los AngelesLong BeachNew York /New JerseySavannahNorthwestVancouver,Seaport AllianceCanada10

POLA’s Top Trading Partners Remain StableCY 2017ImportsExports(% of Total TEUs)Malaysia1.9%Hong Kong2.5%(% of Total TEUs)All Others6.4%India1.2%Singapore Malaysia2.2%2.3%South Korea2.6%Indonesia2.8%Japan3.9%All Others14.6%China30.9%Thailand4.2%China60.1%Hong 8.2%Vietnam5.8%Source: Piers11Taiwan10.9%South Korea7.7%Japan11.2%

CAPITAL IMPROVEMENT PROGRAM&KEY INITIATIVES12

5-Year Capital Improvement Plan POLA expects to fund the CIP with cash, grants, and commercial paper if needed 579 Million( in millions) 579 Million 250 ic Access itimeServices23% 200 150 100 128 84 95 66 50 2018Source: POLA132019202020212022

B. 200 Rail Yard TrackConnections Enhancements 2.0MB. 121-131TerminalRedevelopment 1.1MB. 196-200A WharfRehabilitation 5.4MMOTEMSRepairs 7.9MAvalon Promenade &Gateway 1.0MWilmington Promenade 1.7MB. 93 CustomsImprovements 2.1MB. 91-93 AMPUpgrade 8.9MB. 84 WharfRehabilitation 1.0MB. 214-220 ICTFExpansion 4.7MB. 226-236 TerminalRedevelopment 2.0MHarbor Blvd. Roadway/Sampson Way 8.7MSan Pedro PublicMarket Promenade& Town Square 2.0MFY 2017/18CapitalImprovementProjectsAltaSea 600K06/01/1714

Berth 222-236 Everport Redevelopment Upgraded Berths (-53’, -47’ Depth)AMP, 1.5 Acre ExpansionDesign Complete: May 2018Construction Start: Fall 2018Total Cost: 60 million15

Capital Improvements for Liquid Bulk Terminals 6 Marine Oil TerminalsBerth 238-239 “PBF Energy” and Berth 164 “Valero”expected to start construction in 2019Total Cost: 150 million16

POLA Partnering to Leverage Third Party InvestmentAltaSea Urban Marine Research InstituteTotal Cost: 150 millionSan Pedro Public MarketTotal Cost: 150 millionHarbor Performance Enhancement CenterTotal Cost: 135 millionPasha Green Omni TerminalTotal Cost: 15 million17

Port Optimizer Data Solutions PortalPOLA Partners with GE Transportation to Generate Supply Chain EfficienciesDifferent Views for Different UsersThe Port of Los Angeles Port Information Portal is designed to provide a singlelocation for different port stakeholders to share data on inbound containermovements.By sharing information earlier in the process, supply chain stakeholders are better ableto plan moves and position equipment more efficiently.The Port Optimizer online portal is divided into different “persona” pages, eachcorresponding to a cargo stakeholder category. Each persona has a unique, secureview into the data about their contracted cargo movements.BCOVESSELTERMINALRAIL18TRUCKCHASSIS

Clean Air Action Plan 2017San Pedro Bay Ports are working together to reduce environmental impacts.Advancing theClean TrucksProgram tophase outolder trucksand transitionto zeroemissiontrucks by 2035Transitioningto zeroemissionsterminalequipment by2030Developing aClean ShipProgram totransition theoldest, mostpolluting shipsout of the SanPedro Bayfleet19Acceleratingthedeployment ofcleaner harborcraft enginesandoperationalstrategies toreduce harborcraftemissionsExpanding useof on-dock railto shift morecargo leavingthe Ports to goby rail

FINANCIAL POSITION20

Strong Debt Service Coverage Annual results are well above POLA’s financial policy of 2.0xHistorical Debt Service Coverage(Fiscal Years Ending June 30th)( 000s)Available Revenues**2015201620172018* 460,364 452,398 487,806 489,704Operating Expenses234,249226,261227,675254,482Net ,57080,1473.2x2.5x3.0x2.9xDebt Service***Debt Service CoverageSource: POLA* FY 2018 is estimated** Available Revenues except for estimated FY2018 include investment and interest income*** FY 2016 Debt Service was 84.4 million plus 7.4 million related to the early redemption of Series 2005C-1 Bonds21

Liquidity Provides Flexibility Healthy revenue generation results in strong cash balances enablingcash funding of CIP. POLA’s Days Cash calculation conservatively utilizes current fiscalyear ending Unrestricted Cash and Available funds divided by the nextfiscal year’s expenses.FY 2015FY 2016FY 2017Unrestricted Cash & Available Funds as ofJune 30 (in ‘000s) 441,834 445,289 619,413Upcoming Operating Expenses (in ‘000s) 226,261 227,675 254,482715714888Days CashSource: Harbor Department City of Los Angeles CAFRNote: Upcoming Operating Expenses refer to the subsequent year’s operating expenses. For instance, the amount of unrestricted cash onhand at the end of FY 2016 ( 445.3 million) was compared to the amount of operating expenses incurred over the course of FY 2017 ( 234.2million) to arrive at 714 days cash on hand. For FY 2017, unrestricted cash on hand as of June 30, 2017 was compared to FY 2018 estimatedoperating expenses of 254.5 million.22

Debt Service Profile POLA currently has 854 million in outstanding senior lien fixed rate debt rated AA Issued 35 million in Green Bonds in 2016 Available 200 million Commercial Paper Program with no notes outstanding POLA will potentially refund its 2009 Series A&C Bonds in 20191009080 in 2820302032Fiscal Year23203420362038204020422044

POLA’s CREDIT STRENGTHS24

POLA’s Credit StrengthsCompetitive Advantages Strategic location Local market of 23 millionVast Infrastructure Deep water Intermodal connectivityStrong Financial Position Liquidity Conservative debt profile & high debt service coverage25

Keeping in Contact with POLAPOLA’s New Investor Relations Web Sitewww.portoflabonds.orgMarla BleavinsDeputy ExecutiveDirector & CFOmbleavins@portla.org310-732-7706Soheila SajadianDirector of Debt &Treasuryssajadian@portla.org310-732-375626

Scrap Metal (CY17) 719,884 metric tons Autos (CY17) 236,956 units Fruit (CY17) 75,039 metric tons Containers (CY17) 9,343,192 TEUs 6.1% Liquid Bulk (CY17) 98,908,750 barrels Steel (CY17) 2,078,797 metric tons 19.1% . Ca