Investor Presentation Acquisition of 50% Interest in VTTI B.V. October 24, 2016
ACQUISITION OVERVIEW Transaction Overview Simplified Transaction Structure o Buckeye has entered into a definitive agreement to acquire 50% of the equity interest in VTTI from Vitol for 1.15 billion o VTTI, based in the…
ASSET OVERVIEW Terminal Location & Capacity Summary Asset Highlights Gross o Coastal assets with deepwater draft at international hub locations Ownership Capacity Region / Location Interest (MMBbls) o Easy and proximate access to…
STRATEGIC RATIONALE Immediate world-wide presence with sizeable assets in key global hubs (ARA(1), Singapore, Middle East) High quality assets consisting of retrofitted terminals and newly constructed facilities, all designed with a…
OUR PARTNER VITOL o Vitol is the worlds largest independent trader of crude oil and petroleum products o Founded in Rotterdam in 1966, serving clients from 42 offices worldwide with primary operations in Houston, Geneva, London…
PROVEN TRACK RECORD OF GROWTH VTTI has acquired six terminals, developed seven greenfield projects and successfully completed nine terminal expansions since 2006, representing 40% average capacity growth annually Completed 7.8MMBbls…
SUMMARY OF ACQUISITION BENEFITS o Experienced VTTI management team reduces operational and execution risk o Immediate world-wide presence with sizeable assets in key global hubs (ARA, Singapore, Middle East) o Hard to replicate…
APPENDIX 10
ASSET OVERVIEW OPCO Europe Middle East Asia North America Amsterdam, Rotterdam, Antwerp, Fujairah, Johore, Cape Canaveral, Netherlands Netherlands Belgium UAE Malaysia Florida Ownership (VTTI MLP B.V.) 100% 90% 100% 90% 100%…
ASSET OVERVIEW TOPCO Europe South America Africa Ventspils, Kaliningrad, Vasiliko, Buenos Aires, Mombasa, Lagos, Cape Town, Latvia Russia Cyprus Argentina Kenya Nigeria South Africa( 1) Ownership (VTTI) 49% 100% 100% 100% 100%…
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