Royal Vopak Nv · EURONEXT:VPK

Royal Vopak Nv — Shareholder Meeting (April 2017)

24 slides from Royal Vopak Nv's shareholder meeting presentation, Apr 19, 2017

  1. Slide 1: (Nood)Uitgang

    (Nood)Uitgang

  2. Slide 2: Agenda

    Agenda van de jaarlijkse Algemene Vergadering van Koninklijke Vopak N.V. woensdag 19 april 2017 1. Opening 2. Bespreking van het bestuursverslag over het boekjaar 2016 3. Implementatie van het remuneratiebeleid voor het boekjaar 2016 4. Bespreking en vaststelling van de jaarrekening over het boekjaa

  3. Slide 3: Annual general meeting of Shareholders

    Annual general meeting of Shareholders• 19 April 2017 – AGM presentation 3

  4. Slide 4: Eelco Hoekstra: Improved safety, growth and productivity

    Improved safety, Growth and Eelco Hoekstra • Improved productivity Chairman of the Executive Board and CEO

  5. Slide 5: Key Messages

    KEY MESSAGES  Good improvements regarding our safety & service performance PERFORMANCE  Vopak at par with high performance companies in the survey database 2016  Robust business results with variations quarter on quarter STRATEGIC  Optimized portfolio of terminals PRIORITIES  Improved EBIT(DA)

  6. Slide 6: Safety Performance

    SAFETY PERFORMANCE Total Injury Rate (TIR) Lost Time Injury Rate (LTIR) Total injuries per 200,000 hours worked by Total injuries leading to lost time per 200,000 hours own employees and contractors worked by own employees and contractors 1.2 0.4 1.0 0.3 0.8 0.6 0.2 0.13 0.4 0.29 0.1 0.2 0.0 0.0 200

  7. Slide 7: Key Themes in 2016

    KEY THEMES IN 2016 LOWER ADAPTATION COMMODITY TRANSITION GEOPOLITICAL ENERGY PRICES CHINA & INDIA UNCERTAINTY INDUSTRY Increased pressure More focus on Slowdown Continued on oil and gas capturing growth in China, volatility in the producers, while efficiencies and while India is ME, gradual lifting

  8. Slide 8: Business Performance 2016

    BUSINESS PERFORMANCE 2016 Netherlands EMEA Asia Americas  Transition economy  Start-up  Record number of  Successful divestment China operatorship VLCCs loaded UK assets Panama  Large production  GATE Terminal  Healthy continuation of celebrated opening volumes in oil from  Solid demand chem

  9. Slide 9: Strategic Priorities 2014-2016

    STRATEGIC PRIORTIES 2014-2016  Divested 2.3 million cbm in mature markets such Portfolio optimization as Sweden, Finland and the United Kingdom  Total cash proceeds from all divestments amount to EUR 0.8 billion (excl. cash outflows for tax)  Invested in 3.9 million cbm in growth markets such as

  10. Slide 10: Five Areas of Leadership

    FIVE AREAS OF LEADERSHIP 10 AGM April 19, 2017

  11. Slide 11: Strategic Direction 2017-2019

    STRATEGIC DIRECTION 2017-2019 The strategic direction of Vopak is set towards disciplined growth and productivity improvement  Vopak is well-positioned to take several investment decisions in the 2017-2019 period to capture growth.  In addition to growth capex and in line with the previous 2014-20

  12. Slide 12: Jack de Kreij: Disciplined capital allocation, margin management and dividend policy

    Disciplined capital allocation, Margin management and Jack de Kreij • Consistent dividend policy Vice-chairman of the Executive Board and CFO

  13. Slide 13: Robust Business Model

    ROBUST BUSINESS MODEL CAPITAL DISCIPLINED STEP BY STEP EBITDA GROWTH EBITDA and Net result joint ventures and associates In EUR million 2005 - 2007 2008 - 2010 2011 - 2013 2014 - 2016 812 822 EBITDA* 763 Net result joint ventures and associates 304 included in EBITDA 88 104 124 37 2003 2004 2005 200

  14. Slide 14: Occupancy Developments

    OCCUPANCY DEVELOPMENTS PERFORMANCE IN LINE WITH OUTLOOK. CONFIDENT TO ACHIEVE AN AVERAGE OCCUPANCY OF AT LEAST 90% Occupancy rate* In percent 90-95% 85-90% 93 93 92 93 94 94 93 92 91 88 88 91 2010 2011 2012 2013 2014 2015 2016 Q1 Q2 Q3 Q4 Q1 2016 2017 *Subsidiaries only 14 AGM April 19, 2017

  15. Slide 15: Margin Developments

    MARGIN DEVELOPMENTS MAINTAINING A SOLID MARGIN EBIT(DA) margin* OCCUPANCY In percent RATE 70 DEVELOPMENT 65 60 EBITDA margin 55 EBIT margin 50 45 MARGIN 40 MANAGEMENT 35 30 25 20 15 CAPACITY 10 EXPANSIONS 5 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 *EBIT(DA) margins excluding

  16. Slide 16: 2016 Key Figures Excluding Exceptional Items

    2016 KEY FIGURES -EXCLUDING EXCEPTIONAL ITEMS- Revenues* EBITDA In EUR million In EUR million  Full year above 90% occupancy in 1,323 1,386 1,347 positive market 763 812 822  Divestments and negative FX impacted results year-on-year 2014 2015 2016 2014 2015 2016  New projects in Antwerp, Singapor

  17. Slide 17: Q1 2017 Key Figures Excluding Exceptional Items

    Q1 2017 KEY FIGURES -EXCLUDING EXCEPTIONAL ITEMS- Revenues* EBITDA** In EUR million In EUR million  Stable market in Q1 with an average occupancy rate of 91% 348 332 328 339 342 215 206 204 198 203  Geographical variances with Asia and Americas supported by FX and more market uncertainty in the Ne

  18. Slide 18: Headroom

    HEADROOM FINANCIAL FLEXIBILITY TO SUPPORT GROWTH Senior net debt : EBITDA ratio Strong investment grade company Maximum ratio under other PP programs and syndicated revolving credit facility Increased flexibility to seize investment 5 Maximum ratio under current opportunities US PP programs 4 3.75 B

  19. Slide 19: Value Creation

    VALUE CREATION VOPAK WELL POSITIONED TO TAKE SEVERAL INVESTMENT DECISIONS IN THE 2017-2019 PERIOD Total investments 2005-2019 Expansion capex** In EUR million In EUR million; 100% = EUR ~2,400 million Remaining 2,012 Forecasted capex ~600 Vopak share 1,899 in capex 1,729 (Group ? New projects* capex

  20. Slide 20: Stable Dividend Growth

    STABLE DIVIDEND GROWTH PROPOSED DIVIDEND INCREASE WITH 5% TO EUR 1.05 PER SHARE Dividend and EPS* 2003-2016 In EUR 3.0 2.56 EPS BARRING 2.5 EXCEPTIONAL 2.0 CIRCUMSTANCES, 1.5 THE INTENTION IS 1.0 TO PAY AN ANNUAL 0.64 CASH DIVIDEND OF 0.5 0.90 1.00 1.05 25-50% OF THE NET 0.0 PROFIT* 2003 2014 2015 2

  21. Slide 21: Looking Ahead

    LOOKING AHEAD 2005 - 2007 2008 - 2010 2011 - 2013 2014 - 2016 2017 - 2019 812 822 763 Continue long-term 304 growth journey 88 104 124 37 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 • As previously stated in the full year 2016 disclosure in February 2017, Vop

  22. Slide 22: Questions & answers

    The world’s leading independent tank storage company building Questions & on an impressive history of more answers• than 400 years

  23. Slide 23: Annual general meeting of Shareholders

    Annual general meeting of Shareholders• 19 April 2017 –AGM presentation 23

  24. Slide 24: Agenda

    Agenda van de jaarlijkse Algemene Vergadering van Koninklijke Vopak N.V. woensdag 19 april 2017 1. Opening 2. Bespreking van het bestuursverslag over het boekjaar 2016 3. Implementatie van het remuneratiebeleid voor het boekjaar 2016 4. Bespreking en vaststelling van de jaarrekening over het boekjaa

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