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Q3 2011 Sales Trading Statement Call – Royal Vopak

Royal Vopak · Nov 9, 2011 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 1
    Q3 2011 Trading update 9 November 2011
  2. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 2
    Vopak remains on track in transition year Q3 2011 EBIT -excluding exceptional items - rises 6% to EUR 121.3 million (Q3 2010: EUR 114.8 million) Q3 2011 occupancy rate 93% - Healthy demand for storage and handling of bulk…
  3. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 3
    Q3 2011 EBIT -excluding exceptional items- rises 6% to EUR 121 million In EUR mln Q3 11 Q3 10 EBIT -including exceptional items- 121.3 113.8 +7% EBIT -excluding exceptional items- 121.3 114.8 +6% EBITDA -excluding exceptional…
  4. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 4
    YTD 2011 EBIT -excluding exceptional items- of EUR 339.2 million In EUR mln YTD 11 YTD 10 EBIT -including exceptional items- 456.7 336.7 +36% EBIT -excluding exceptional items- 339.2 337.8 +0% EBITDA -excluding exceptional…
  5. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 5
    Segment reporting aligned LNG will be reported separately as part of Non-allocated CEMEA and OEMEA will operate and report as Vopak Netherlands and Vopak EMEA as of January 1st, 2012 5 Q3 2011 results 11 November 2011
  6. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 6
    EBIT development per division In EUR mln, -excluding exceptional items- North America OEMEA Asia 42.0 41.7 42.7 45.0 10.1 8.0 Q3 2010 21% Q3 2011 Q3 2010 1% Q3 2011 Q3 2010 5% Q3 2011 Latin America CEMEA LNG 22.3 24.1…
  7. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 7
    CEMEA Healthy demand for storage of chemicals. Although some signs of improvements have been noticed, uncertainties remain in the biofuel market. Storage Capacity EBIT In mln cbm In EUR mln, -excluding exceptional items- 4.3 4.3…
  8. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 8
    OEMEA Robust demand for oil storage Storage Capacity EBIT In mln cbm In In EUR EUR mln, mln -excluding exceptional items- 11.0 11.7 +0.7 Q3 2010 Q3 2011 Occupancy rate As % of available storage capacity 95% 95%…
  9. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 9
    Asia Growth driven by strong market developments in both oil and chemicals Storage Capacity EBIT In mln cbm In EUR mln, -excluding exceptional items- 6.8 7.1 +0.3 Q3 2010 Q3 2011 Occupancy rate As % of available storage…
  10. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 10
    North America Operations at our Deer Park facility negatively impacted by rail car handling restrictions Storage Capacity EBIT In EUR mln, -excluding exceptional items- In mln cbm 5.7 2.3 * -3.4 Q3 2010 Q3 2011 Occupancy…
  11. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 11
    Latin America Continuing steady performance Storage Capacity EBIT In mln cbm In EUR mln, -excluding exceptional items- 0.9 1.0 +0.1 Q3 2010 Q3 2011 Occupancy rate As % of available storage capacity 90% 85% 5pp Q3…
  12. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 12
    EBIT development per division YTD 2011 In EUR mln, -excluding exceptional items- North America OEMEA Asia 119.3 114.1 119.5 138.6 35.4 24.9 Q3 2010 30% Q3 2011 Q3 2010 4% Q3 2011 Q3 2010 16% Q3 2011 Latin America CEMEA…
  13. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 13
    Solid results in YTD Q3 2011 Storage Capacity EBITDA In EUR mln, -excluding exceptional items- In mln cbm 28.8 33.4 28.3 32.1 27.1 27.2 21.2 21.8 20.4 +0.8 +0.6 +5.3 +1.2 +0.5 -1.6 +4.9 +1.3 2005 2006 2007 2008 2009…
  14. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 14
    Storage capacity increased by 1.7 million cbm in Q3 2011 And Amsterdam Westpoort Phase 1 commissioned early Q4 2011 Kandla Commissioned Amsterdam Westpoort Phase 1 261,600 cbm, chemicals Acquired 620,000 cbm, oil products…
  15. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 15
    Growth strategy based on attractive opportunities Under construction: 6.2 mln cbm Oil products, phase 2 - 570.000 cbm Oil, 1,284,000 cbm Oil, 1,350,000 cbm Westpoort, Netherlands Pengerang, Malaysia Yangpu, China Fujairah,…
  16. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 16
    Net debt : EBITDA ratio and investments Net debt : EBITDA ratio Total CAPEX projects Group companies and JVs** 5 3.75 4 3 EUR1.3 bln EUR0.4 bln 2 2.42 2.20 2.54 2.23 2.63 2.61 1 1.76 1.61 1.71 Remaining Vopak share in 0 Capex…
  17. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 17
    Pension fund Vopak Pension obligations Dutch 83% Other 17% Dutch Pension Fund Cover ratio Dutch Pension Fund in Q3 2011 dropped to 97% from 111% as per end of Q2 2011 Recovery plan handed in at Dutch National Bank Pension…
  18. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 18
    Outlook assumptions Oil Industrial Biofuels and Chemicals LNG 60.0% of EBIT terminals vegoils 17.5 20.0% < 1% of EBIT 12.5% of EBIT 7.5 10% of EBIT of EBIT ROBUST SOLID MIXED ENCOURAGING SOLID Healthy demand for storage…
  19. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 19
    Vopak remains on track in transition year Based on the healthy demand for tank storage, capacity expansion projects and our growth strategy we remain well positioned to realize an EBITDA between EUR 600 640 million in 2011, growing to…
  20. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 20
    2013 Outlook in the EUR 725 800 mln range Guidance/Outlook 2005 2006 2007 2008 2009 2010 2011 2013 In EUR mln, -excluding exceptional items-, including net result from Joint Ventures 725-800 600-640 598.2 513.4 Q3 429.3 458.8…
  21. Q3 2011 Sales Trading Statement Call – Royal Vopak – slide 21
    Royal Vopak Westerlaan 10 Tel: +31 10 4002911 3016 CK Rotterdam Fax: +31 10 4139829 The Netherlands www.vopak.com

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