Forward-looking statements This document contains forward-looking statements, based on currently available plans and forecasts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events…
Q1 2013 Summary EBIT(DA) in line with Q1 2012 EBITDA* EBIT* In million EUR In million EUR 187.4 188.9 +1% 139.2 138.4 -1% Q1 2012 Q1 2013 Q1 2012 Q1 2013 Occupancy rate** Storage capacity*** In percent In mln cbm 93.0 89.0…
Q1 2013 EBIT in line with Q1 2012 North America Netherlands Asia +7% -10% 53.6 57.1 46.5 EBIT -12% 41.8 11.0 9.7 -1% 139.2 138.4 Q1 2012* Q1 2013 Q1 2012 Q1 2013 Q1 2012 Q1 2013 Latin America EMEA Global LNG +6% Q1 2012 Q1…
Strategic alliances support Vopaks growth strategy Storage capacity* Subsidiaries Net result from Joint Ventures** In mln cbm Joint Ventures In mln EUR +5.3 +2.8 34.8 35.2 29.9 31.3 28.3 28.8 27.8 27.1 13.1 13.4 9.6 10.3 9.6…
The net result of joint ventures rose by 16%, mainly due to Asia and Global LNG North America Netherlands Asia +32% Net result from JVs +100% 9.6 +16% 7.3 0.3 0.6 30.2 0.0 0.0 26.0 Q1 2012 Q1 2013 Q1 2012 Q1 2013 Q1 2012 Q1…
IFRS equity accounting versus proportionate consolidation IFRS equity accounting Proportionate consolidation* EBITDA EBITDA Subsidiaries and net result from joint ventures and associates 217.7 217.1 187.4 188.9 0% +1% Q1 2012 Q1…
Healthy occupancy rates Decreased occupancy rate mainly due to current market conditions for crude and gasoil storage in the Netherlands division Occupancy rate In percent 90-95% 96 95 95 95 92 94 93 93 93 93 92 92 92 93 93…
Netherlands - Higher pension costs and lower occupancy rates in crude and gasoil storage - Robust storage demand for other oil products/specialty chemicals EBIT* In EUR million -10% 41.9 46.2 46.5 48.9 51.4 48.5 41.8 33.5…
EMEA - New oil terminal in Algeciras (Spain) was opened - Lower results in Estonia - Higher throughputs in the UK EBIT* In EUR million +6% 22.4 23.3 23.9 23.3 24.1 28.2 22.4 22.2 25.6 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2011 2011 2011…
Asia - Additional chemical storage capacity in Banyan - Better performance in India - Currency translation gain of EUR 0.4 million in EBIT EBIT* In EUR million +7% 47.4 46.2 45.0 46.7 53.6 53.6 56.6 53.2 57.1 Q1 Q2 Q3 Q4 Q1…
North America and Latin America divisions will be merged into the Americas division As of 1 May 2013 North America Motivated by a desire division Americas division to further simplify the divisional structure Combining…
North America - Q1 2012 results include the settlement of an insurance claim of EUR 1.2 million - Reduced activities at the terminal in Los Angeles, partly compensated by higher activities at the Gulf Coast terminals EBIT* In EUR…
Latin America - Currency translation loss of EUR 0.7 million - Reduced activity in Brazil EBIT* In EUR million -30% 7.3 6.4 7.0 7.5 7.4 7.3 7.6 5.3 5.2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2011 2011 2011 2011 2012 2012 2012 2012 2013…
Exceptional items Q1 2013 EBIT In March 2013, we made major Including exceptional items progress to sell our minority share 139.2 140.7 in the joint venture Xiamen Paktank +1% Company Ltd. (China). As a result, our interest in the…
Capacity growth under construction Several additional expansion opportunities currently under study to continue Vopaks capital-disciplined growth strategy Capacity developments under construction In mln cbm +5.3 0.4 35.2 3.5…
Projects commissioned in Q1 2013 Storage capacity increased by 0.4 million cbm Banyan (69.5%) 50,000 cbm; chemicals Algeciras (80%) 403,000 cbm; oil products (X%) = Ownership % Note: 100% of the storage capacity is…
Various projects under construction 4.9 million cbm total storage capacity under construction Europoort (100%) Thames Oilport (33.3%) Hainan (49%) 400,000 cbm; oil products 500,000 cbm; oil products 1,350,000 cbm; oil products…
New projects announced in 2013 Storage capacity announced: 0.2 million cbm Gothenburg (100%)* 100,000 cbm; oil products Vlissingen (100%) 36,800 cbm; LPG/chemical gases Zhangjiagang (100%) 46,800 cbm; chemicals Under…
Capital disciplined growth Total investments Total Investments 2007-2015 Expansion Capex** In EUR mln In EUR mln; 100% = EUR 1.9 billion 1,919 1,781 Remaining Vopak share in Capex (Group 1,140-1,325 500 Capex and equity share…
Capital disciplined growth Balanced leverage provides financial headroom to complete the storage capacity expansions currently under construction and to support the identification of new growth opportunities Access to Capital…
Outlook assumptions 2013 No material changes in product outlook assumptions x% Share of EBIT Oil products Chemicals Industrial terminals Biofuels & Vegoils LNG 2012 60% 17.5-20% 10-12.5% 7.5-10% 2.5-5% Robust Mixed Solid Mixed…
FX translation effect 2013 Negative foreign exchange developments year to date EBIT transactional currencies Average FX rates 2012 FX translation-effect on Q1 2012 EBIT* In percent; 2012 Per EUR 1.00 In mln EUR Other FX…
Vopak expects to realize an EBITDA at constant currencies of between EUR 760-800 million in 2013 EBITDA development and outlook 2013 Historical results Outlook In EUR mln EBITDA outlook 2013 760-800 20% EBITDA growth in 2012 763.6…
It is Vopaks ambition to realize an EBITDA of EUR 1 billion in 2016 Historical results Outlook Ambition EBITDA development, outlook 2013* and ambition 2016 Ambition 2016 In EUR mln In order to achieve this ambition, among other…
Other themes in 2013 Satisfactory resolution Update on equity-like Expansion Vopak lawsuit Deer Park alternatives Vlissingen In April 2013, Vopak reached a As communicated in its FY On 23 April 2013, Vopak satisfactory resolution…
Royal Vopak Westerlaan 10 Tel: +31 10 4002911 3016 CK Rotterdam Fax: +31 10 4139829 The Netherlands www.vopak.com
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