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The World of Vopak Q1 2016 Results – Vopak

Vopak · Apr 26, 2016 · 55 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. The World of Vopak Q1 2016 Results – Vopak – slide 1
    THE WORLD OF VOPAK Q1 2016 RESULTS ROYAL VOPAK Q1 2016 ROADSHOW PRESENTATION
  2. The World of Vopak Q1 2016 Results – Vopak – slide 2
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics VOPAK AT A GLANCE THE WORLDS LEADING INDEPENDENT TANK STORAGE COMPANY Listed at the Building on an…
  3. The World of Vopak Q1 2016 Results – Vopak – slide 3
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics FINANCIAL DEVELOPMENT Occupancy rate EBITDA development In percent In EUR million 94 96 95 94 93 93 91…
  4. The World of Vopak Q1 2016 Results – Vopak – slide 4
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics VOPAKS AMBITION TO BE THE PARTNER OF CHOICE FOR ALL OUR STAKEHOLDERS Strategic Safe, Strong and Ability…
  5. The World of Vopak Q1 2016 Results – Vopak – slide 5
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics SUSTAINABILITY AT THE CORE STAYING HEALTHY AND FIT FOR THE FUTURE 7 Q1 2016 ROADSHOW PRESENTATION
  6. The World of Vopak Q1 2016 Results – Vopak – slide 6
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics EXECUTION OF THE STRATEGY HIGHLIGHTS OF 2015 Optimization of the terminal Focus on safety and the…
  7. The World of Vopak Q1 2016 Results – Vopak – slide 7
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics PRIORITIES FOR CASH 1 Debt servicing EUR 2.3 billion, remaining maturity 8 years, average interest…
  8. The World of Vopak Q1 2016 Results – Vopak – slide 8
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics DISCUSSIONS WITH INVESTORS Market dynamics Projects Growth in China Projects under construction…
  9. The World of Vopak Q1 2016 Results – Vopak – slide 9
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics MEGA TRENDS LONG-TERM STORAGE DEMAND DRIVERS Population GDP Energy demand In billion In trillion 2010 In…
  10. The World of Vopak Q1 2016 Results – Vopak – slide 10
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics STRUCTURAL IMBALANCES INCREASING TRADE EXPECTED TO CONTINUE 2015 2020 2015 2020 2015 2020 2015…
  11. The World of Vopak Q1 2016 Results – Vopak – slide 11
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics IMBALANCES CONTINUE TO DEVELOP US AND MIDDLE EAST EXPORT, ASIA AND EUROPE IMPORT 5,0 2015 2020 0 2,5…
  12. The World of Vopak Q1 2016 Results – Vopak – slide 12
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics DEVELOPMENTS PER PRODUCT GROUP OVERALL SOLID DEMAND FOR STORAGE Oil products LNG Lower oil price Increase…
  13. The World of Vopak Q1 2016 Results – Vopak – slide 13
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics MARKET DYNAMICS GLOBAL IMBALANCES CONTINUE TO DEVELOP Netherlands EMEA Asia Americas Favorable…
  14. The World of Vopak Q1 2016 Results – Vopak – slide 14
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics STORAGE CAPACITY DEVELOPMENTS FOCUS ON SELECTIVE DISCIPLINED GROWTH Storage capacity In million cbm +13.8…
  15. The World of Vopak Q1 2016 Results – Vopak – slide 15
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics GLOBAL PRESENCE Hamburg Talinn Amsterdam Rotterdam Antwerp Ningbo Lanshan Tianjin Zhangjiagang Tarragona…
  16. The World of Vopak Q1 2016 Results – Vopak – slide 16
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics RETURN REQUIREMENTS FOR INVESTMENTS Footprint in Optimization growth emerging markets opportunities I II…
  17. The World of Vopak Q1 2016 Results – Vopak – slide 17
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics INVESTMENT AND DIVESTMENTS 2015 & YTD Q1 2016 Galena park Wilmington Sweden Finland London Teeside Windmill…
  18. The World of Vopak Q1 2016 Results – Vopak – slide 18
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics REALIZED DIVESMENTS 2015 STRENGTHENING VOPAKS FLEXIBILITY TO EXECUTE ITS SELECTIVE CAPITAL DISCIPLINED GROWTH…
  19. The World of Vopak Q1 2016 Results – Vopak – slide 19
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics SALE OF THE UK ASSETS Q1 2016 STRENGTHENING VOPAKS FLEXIBILITY TO EXECUTE ITS SELECTIVE CAPITAL DISCIPLINED…
  20. The World of Vopak Q1 2016 Results – Vopak – slide 20
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics SELECTIVE GROWTH OPPORTUNITIES EFFECTIVE AND SOUND STRATEGIC ORIENTATION +3.5 3.5 37.8 0.7 +0.5 0.2…
  21. The World of Vopak Q1 2016 Results – Vopak – slide 21
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics PROJECTS UNDER DEVELOPMENT Note: storage capacity is defined as the total available storage capacity…
  22. The World of Vopak Q1 2016 Results – Vopak – slide 22
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics COMMITMENT TO SAFETY Total injury rate (TIR) Lost time injury rate (LTIR) Total injuries per 200,000 hours…
  23. The World of Vopak Q1 2016 Results – Vopak – slide 23
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics BUSINESS MODEL Blending nitrogen Adding / cooling Heating / unloading of ships / railcars / trucks…
  24. The World of Vopak Q1 2016 Results – Vopak – slide 24
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics CUSTOMER PORTFOLIO Global clients Regional clients Local clients Active at multiple Vopak Active in…
  25. The World of Vopak Q1 2016 Results – Vopak – slide 25
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics SOUND CONTRACT DURATIONS Contract position FY2013 Contract position FY2014 Contract position FY2015 In…
  26. The World of Vopak Q1 2016 Results – Vopak – slide 26
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics MARKET SHARE ACCORDING TO DEFINITION Oil storage market Non-oil storage market* Total storage market In…
  27. The World of Vopak Q1 2016 Results – Vopak – slide 27
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics DISCIPLINED GROWTH SELECTIVE CAPITAL ALLOCATION Total investments 2004-2019 Expansion capex** In EUR…
  28. The World of Vopak Q1 2016 Results – Vopak – slide 28
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics DISCIPLINED CAPITAL MANAGEMENT MAINTAINING A SOLID FINANCIAL POSITION Senior net debt : EBITDA ratio…
  29. The World of Vopak Q1 2016 Results – Vopak – slide 29
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics CAPITAL STRUCTURE Syndicated Ordinary shares Private placement Equity(-like)* revolving program* credit…
  30. The World of Vopak Q1 2016 Results – Vopak – slide 30
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics DEBT REPAYMENT SCHEDULE Debt repayment schedule In EUR million RCF flexibility US PP RCF drawn Asian PP…
  31. The World of Vopak Q1 2016 Results – Vopak – slide 31
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics NET FINANCE COSTS Net finance costs 2015 Net finance costs 2014 In EUR million In EUR million Interest…
  32. The World of Vopak Q1 2016 Results – Vopak – slide 32
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics SOLID FINANCIAL POSITION MAINTAINING A CONSISTENT SOLVENCY WHILST GROWING OUR GLOBAL NETWORK Total…
  33. The World of Vopak Q1 2016 Results – Vopak – slide 33
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics STABLE DIVIDEND GROWTH PROPOSED DIVIDEND INCREASED WITH 11% TO EUR 1.00 PER SHARE Barring exceptional…
  34. The World of Vopak Q1 2016 Results – Vopak – slide 34
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics LONG-TERM VALUE CREATION KEY ELEMENTS SUPPORTING OUR BUSINESS MODEL Focus on Strong capital…
  35. The World of Vopak Q1 2016 Results – Vopak – slide 35
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics FY 2015 BUSINESS HIGHLIGHTS SOLID RESULTS SUPPORTED BY HEALTHY OCCUPANCY RATES Terminal Network * EBITDA…
  36. The World of Vopak Q1 2016 Results – Vopak – slide 36
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics TOPICS INFLUENCING 2015 OPERATING IN A COMPLEX ENVIRONMENT Oil price Growth Geopolitical developments…
  37. The World of Vopak Q1 2016 Results – Vopak – slide 37
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics OCCUPANCY RATE DEVELOPMENTS CONTINUING TO EXCEED 90% Occupancy rate* +3pp 90-95% 85-90% 92 93 94 94…
  38. The World of Vopak Q1 2016 Results – Vopak – slide 38
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics FY 2015 SUMMARY SOLID RESULTS SUPPORTED BY HEALTHY OCCUPANCY RATES Revenues* EBITDA** +5% +6% In EUR…
  39. The World of Vopak Q1 2016 Results – Vopak – slide 39
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics ROBUST BUSINESS MODEL SOUND CONTRACTS, EFFECTIVE SUPPLY CHAIN POSITIONING AND STRONG CASH FLOW FOCUS…
  40. The World of Vopak Q1 2016 Results – Vopak – slide 40
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics STABLE MARGIN DEVELOPMENTS BALANCED RISK-RETURN PROFILE AND CONTINUOUS FOCUS ON COST COMPETITIVENESS…
  41. The World of Vopak Q1 2016 Results – Vopak – slide 41
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics FY 2015 RETURN INDICATORS FOCUS ON FREE CASH FLOW AND CAPITAL EFFICIENCY ROE* Non-IFRS In percent…
  42. The World of Vopak Q1 2016 Results – Vopak – slide 42
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics FY 2015 NON-IFRS PROPORTIONAL INFORMATION Occupancy rate +4pp In percent 92 90 88 88 92 2011 2012 2013…
  43. The World of Vopak Q1 2016 Results – Vopak – slide 43
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics Q1 2016 KEY FIGURES -EXCLUDING EXCEPTIONAL ITEMS- ROBUST FINANCIAL RESULTS Revenues* EBITDA** In EUR…
  44. The World of Vopak Q1 2016 Results – Vopak – slide 44
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics Q1 2016 KEY FIGURES -INCLUDING EXCEPTIONAL ITEMS- SUPPORTED BY THE DIVESTMENT OF THE UK ASSETS EBITDA* Net…
  45. The World of Vopak Q1 2016 Results – Vopak – slide 45
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics Q1 2016 EBITDA ANALYSIS INCREASE SUPPORTED BY HEALTHY OCCUPANCY RATES, WHILST THE DIVESTMENTS HAD A…
  46. The World of Vopak Q1 2016 Results – Vopak – slide 46
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics OCCUPANCY RATE DEVELOPMENTS PER DIVISION HEALTHY OCCUPANCY LEVELS IN ALL DIVISIONS Occupancy rates In…
  47. The World of Vopak Q1 2016 Results – Vopak – slide 47
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics Q1 2016 NETHERLANDS DEVELOPMENT Occupancy rate* +4pp In percent 93 96 92 85 88 2012 2013 2014 2015…
  48. The World of Vopak Q1 2016 Results – Vopak – slide 48
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics Q1 2016 EMEA DEVELOPMENT Occupancy rate* +5pp In percent 96 89 89 91 80 2012 2013 2014 2015 2016…
  49. The World of Vopak Q1 2016 Results – Vopak – slide 49
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics Q1 2016 ASIA DEVELOPMENT Occupancy rate* In percent +2pp 95 95 95 92 90 2012 2013 2014 2015 2016…
  50. The World of Vopak Q1 2016 Results – Vopak – slide 50
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics Q1 2016 AMERICAS DEVELOPMENT Occupancy rate* +3pp In percent 95 91 91 92 89 2012 2013 2014 2015…
  51. The World of Vopak Q1 2016 Results – Vopak – slide 51
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics Q1 2016 NET RESULT JOINT VENTURES & ASSOCIATES Net result joint ventures & associates +10% Asia +4%…
  52. The World of Vopak Q1 2016 Results – Vopak – slide 52
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics PRIORITIES FOR 2016 EXECUTION OF THE BUSINESS REVIEW VOPAK SETS STRATEGIC PRIORITIES AND PROVIDES FINANCIAL…
  53. The World of Vopak Q1 2016 Results – Vopak – slide 53
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics OUTLOOK 2016 2015 Expansions Productivity and Divestments FX effect (and 2016 organisational pension…
  54. The World of Vopak Q1 2016 Results – Vopak – slide 54
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics OUTLOOK ASSUMPTIONS Oil Chemical Industrial & Vegoils & Gas products products pipeline connected biofuels…
  55. The World of Vopak Q1 2016 Results – Vopak – slide 55
    General Market Strategy Capital Business Looking ahead introduction trends execution management performance & other topics OTHER TOPICS Effective tax rate* Q1 2016 EBITDA* transactional currencies In percent In percent 20.9 24%…

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