10 FEBRUARY 2015 9:00 AM EST 2:00 PM GMT VTTI ENERGY PARTNERS LP Q4 2014 RESULTS 1
VTTI MARKET POSITIONING VTTI is a unique global terminal MLP, well differentiated from its peers No direct commodity Not directly impacted by declining commodity prices price exposure Contango positive for storage demand Not…
CORPORATE OVERVIEW VTTI Energy Partners LP Simplified Organizational and Ownership Structure was listed in August 2014 by the global independent 50% interest 50% interest energy storage company: VTTI B.V. VTTI B.V. 64%…
FINANCIAL PROFILE 100% of our revenue is from fee-based services under long- term contracts with c.90% coming from fixed tariff take or pay revenue. No direct commodity price exposure REVENUE COMPOSITION STORAGE AND THROUGHPUT…
GLOBAL ENERGY MARKET Long-term trends support GLOBAL OIL TRADE FLOWS growth in storage demand 60 46.8 55.7 MMBbls / day 40 35.7 International oil trade flows have grown 24.7 steadily over the last 3 decades, driving need…
GROWTH OPPORTUNITIES Multiple sources of significant growth Drop downs Organic growth Acquisitions ROFO on all current and future VTTI Continuously evaluating organic Acquired 16.8 MMBbls of capacity B.V. assets development…
Q4 2014 CORPORATE AND OPERATING REVIEW First full quarter as a listed company Additional investment in organization Corporate Appointed Yee Yang Chien as the new Chairman, Update replacing Nasarudin Md Idris who is retiring…
Q4 2014 FINANCIAL AND DEVELOPMENT REVIEW Commissioned Amsterdam organic growth project with a second project underway (both within the MLP) Development Developing a number of new projects including approved investment at Cape…
SUMMARY FINANCIALS Q4 2014 Adjusted EBITDA and Distributable Cash Flow Actual F-1 Forecast MM Q4 2014 Q4 2014 Adjusted EBITDA 50.1 49.1 Cash interest expense (4.7) (6.2) Cash income tax expense - - Maintenance capital…
SUMMARY CAPITAL STRUCTURE YEAR END 2014 VTTI Energy Partners LP Actual (USD mm) 31 Dec 2014 Cash Cash and cash equivalents(1) 36.3 RCF FACILITY Debt 270mm CAPACITY 200m UNDRAWN VTTI B.V. VTTI Operating Revolving Credit…
HEDGING UPDATE Hedging Profile Hedging Policy 12ms ending Target exposure hedged Net cash flows of VTTI comprise approximately June 30 55% USD and 45% EUR EUR cashflows Interest rate fixed Decision taken at IPO to safeguard USD…
OUTLOOK Regional product imbalances and product demand growth continue to drive fundamental requirement for storage Market VTTI operating performance resilient to commodity price and FX fluctuations as well as upstream production…
VTTI ENERGY PARTNERS LP THANK YOU 13
FINANCIAL DETAIL Q4 2014 Income Statement (unaudited) Actual Actual MM Q4 2014 Q4 2013 Revenues 80.4 81.6 Operating expenses (incl. D&A) 50.0 44.7 Total operating income 30.4 36.9 Total other expense, net (10.0) (7.9) Income…
FINANCIAL DETAIL Q4 2014 Balance Sheet December 31, 2014 (unaudited) MM Dec 31, 2014 Cash (excluding restricted cash) 36.3 Property, plant & equipment 1,276.8 Other assets 299.9 Total assets 1,613.0 Debt (excluding…
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