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Q3 2010 Earnings Call – Royal Vopak

Royal Vopak · Nov 2, 2010 · 25 slides

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Slides

  1. Q3 2010 Earnings Call – Royal Vopak – slide 1
    _ Q3 2010 Trading update 12 November 2010
  2. Q3 2010 Earnings Call – Royal Vopak – slide 2
    Vopak: A worldwide tank terminal network Key facts Global market leader in independent storage of liquid bulk products Present in 31 countries, operating 80 terminals Total storage capacity of 28.7 mln cbm Strong focus on safety and…
  3. Q3 2010 Earnings Call – Royal Vopak – slide 3
    Agenda Highlights Business performance Storage capacity growth Outlook Details and definitions used in this presentation are derived from the Q3 2010 press release, which is leading. Q3 2010 Trading update 12/11/2010 3
  4. Q3 2010 Earnings Call – Royal Vopak – slide 4
    Q3 2010 Summary Q3 2010 EBIT excl. exceptional items up 10% to EUR 114.8 mln (Q3 2009 EUR 104.2 mln) YTD 2010 EBIT excl. exceptional items increased by 17% to EUR 337.8 mln (YTD 2009 EUR 288.4 mln) Other developments: - Eelco…
  5. Q3 2010 Earnings Call – Royal Vopak – slide 5
    Q3 2010 EBIT excl. exceptional items up 10% to EUR 115 mln In EUR mln Q3 10 Q3 09 EBIT incl. exceptionals 113.8 104.3 +9% EBIT excl. exceptionals 114.8 104.2 +10% EBITDA excl. exceptionals 154.8 137.1 +13% Occupancy rate 92%…
  6. Q3 2010 Earnings Call – Royal Vopak – slide 6
    YTD 2010 EBIT excl. exceptional items up 17% to EUR 338 mln In EUR mln YTD 10 YTD 09 EBIT incl. exceptionals 336.7 288.6 +17% EBIT excl. exceptionals 337.8 288.4 +17% EBITDA excl. exceptionals 452.1 382.9 +18% Q3 2010…
  7. Q3 2010 Earnings Call – Royal Vopak – slide 7
    Agenda Highlights Business performance Storage capacity growth Outlook Details and definitions used in this presentation are derived from the Q3 2010 press release, which is leading. Q3 2010 Trading update 12/11/2010 7
  8. Q3 2010 Earnings Call – Royal Vopak – slide 8
    Q3 2010 business environment Oil - Increasing geographical imbalance - Increasing number of product specifications - Possible permanent closure/divestments of less efficient refineries - IOCs focussing on upstream business…
  9. Q3 2010 Earnings Call – Royal Vopak – slide 9
    Occupancy rate Demand for storage capacity 93% 92% 93% Q309 Q310 YTD10 Oil Industrial Biofuels and Chemicals terminals vegoils 55% of EBIT 15% of EBIT 12.5% of EBIT 17.5% of EBIT Previous ROBUST STABLE STABLE MIXED Current…
  10. Q3 2010 Earnings Call – Royal Vopak – slide 10
    Q3 2010 EBIT increase of 10% In EUR mln, - excl. exceptional items - North America OEMEA Asia 35.9 41.0 31.6 43.7 13.0 10.1 Q3 09 22% Q3 10 Q3 09 14% Q3 10 Q3 09 38% Q3 10 Latin America CEMEA* Other 26.4 22.3 6.2 6.6 -8.9…
  11. Q3 2010 Earnings Call – Royal Vopak – slide 11
    Chemicals EMEA Activities in chemicals during Q3 2010 at a comparable level to Q3 2009 In EUR mln, - excl. exceptional items - 26,4 25,3 24,6 24,5 22,6 22,3 17,7 43% 9% 16% Vopak Terminal Botlek Zuid, Rotterdam Q1 Q2 Q3 *…
  12. Q3 2010 Earnings Call – Royal Vopak – slide 12
    Oil EMEA Robust demand for tank storage continues In EUR mln, - excl. exceptional items - 41,0 38,8 36,6 35,9 33,6 34,3 31,5 Vopak Terminal Europoort, Rotterdam 16% 15% 14% Q1 Q2 Q3 Q4 2009 2010 Q3 2010 Trading…
  13. Q3 2010 Earnings Call – Royal Vopak – slide 13
    Asia Continued EBIT growth by expanding capacity and efficiency improvements In EUR mln, - excl. exceptional items - 43,7 41,0 37,7 33,9 31,6 31,4 30,6 31% 23% 21% 38% Vopak Terminal Sakra, Singapore Q1 Q2 Q3 Q4…
  14. Q3 2010 Earnings Call – Royal Vopak – slide 14
    North America Unfavourable market conditions for storage of biofuels In EUR mln, - excl. exceptional items - 13,3 13,0 12,0 11,4 11,2 10,1 10,5 17% 7% 22% Vopak Terminal Deerpark, Houston Q1 Q2 Q3 Q4 2009 2010 Q3…
  15. Q3 2010 Earnings Call – Royal Vopak – slide 15
    Latin America Continuing steady performance In EUR mln, - excl. exceptional items - 7,3 7,1 6,6 6,4 6,2 6,2 5,5 14% 29% 6% Q1 Q2 Q3 Q4 Vopak Terminal Cartagena, Colombia 2009 2010 Q3 2010 Trading update 12/11/2010…
  16. Q3 2010 Earnings Call – Royal Vopak – slide 16
    Except for NA, all divisions contributed to the YTD EBIT increase of 17% In EUR mln, - excl. exceptional items - North America OEMEA Asia 101.0 116.4 96.1 122.4 35.6 35.4 YTD 09 1% YTD 10 YTD 09 15% YTD 10 YTD 09 27% YTD 10…
  17. Q3 2010 Earnings Call – Royal Vopak – slide 17
    Agenda Highlights Business performance Storage capacity growth Outlook Details and definitions used in this presentation are derived from the Q3 2010 press release, which is leading. Q3 2010 Trading update 12/11/2010 17
  18. Q3 2010 Earnings Call – Royal Vopak – slide 18
    Company growth supported by healthy demand for storage capacity Storage Capacity In mln cbm 32.6 28.3 28.7 27.1 21.8 20.2 20.4 21.2 +0.2 +0.8 +0.6 +5.3 +1.2 +0.4 +3.9 2004 2005 2006 2007 2008 2009 Q3 2010 2012 Occupancy…
  19. Q3 2010 Earnings Call – Royal Vopak – slide 19
    Growth continues: Q3 2010 storage capacity increased with 0.1 mln cbm Zhangjiagang, China Coatzacoalcos, Mexico Alemoa, Brazil Product: Chemicals Product: Chemicals Product: Chemicals Capacity addition: 190,000 cbm Capacity addition:…
  20. Q3 2010 Earnings Call – Royal Vopak – slide 20
    Under construction: 3.9 mln cbm Fujairah, U.A.E. 606,000 cbm Algeciras, Spain 403,000 cbm Gate, Netherlands 540,000 cbm MOT, Netherlands 360,000 cbm Europoort, Netherlands 160,000 cbm Westpoort, Netherlands 1,190,000…
  21. Q3 2010 Earnings Call – Royal Vopak – slide 21
    Strategic finance Net debt : EBITDA ratio Q3 2010 2,50 2009 2,23 2008 2,54 2007 1,71 2006 1,61 2005 1,76 2004 2,20 2003* 2,42 2002* 2,49 0 0,5 1 1,5 2 2,5 3 3,5 4 Maximum Ratio under US PP Maximum Ratio under other…
  22. Q3 2010 Earnings Call – Royal Vopak – slide 22
    Agenda Highlights Business performance Storage capacity growth Outlook Details and definitions used in this presentation are derived from the Q3 2010 press release, which is leading. Q3 2010 Trading update 12/11/2010 22
  23. Q3 2010 Earnings Call – Royal Vopak – slide 23
    Outlook 2010 2012 For 2010 Vopak expects a Group Based on its growth strategy and the operating profit before depreciation and positive developments in 2010 Vopak amortization (EBITDA) of at least could potentially achieve its 2012…
  24. Q3 2010 Earnings Call – Royal Vopak – slide 24
    Confidence in the future Q3 2010 Trading update 12/11/2010 24
  25. Q3 2010 Earnings Call – Royal Vopak – slide 25
    Q3 2010 Trading update 12/11/2010 26 www.vopak.com

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