Slide 1: 2018 Half-year Results
2018 Half-year Results
Slide 2: A Multi-Local Specialist
A MULTI-LOCAL SPECIALIST ▪ STORAGE ▪ RETAIL DISTRIBUTION ▪ SUPPORT AND SERVICES OF FUEL PRODUCTS 2018 Half-year Results Highlights Consolidated data Storage Fuel distribution Support and Services Outlook 2
Slide 3: Highlights
HIGHLIGHTS As of june 30, 2018 ▪ Turkey ▪ Haiti / Madagascar integration ▪ US sanctions against Iran 2018 Half-year Results Highlights Consolidated data Storage Fuel distribution Support and Services Outlook 3
Slide 4: Consolidated Data
CONSOLIDATED DATA As of June 30, 2018 2018 Half-year Results Highlights Consolidated data Storage Fuel distribution Support and Services Outlook 4
Slide 5: Consolidated Data
CONSOLIDATED DATA (in €M) Revenue EBITDA EBIT Net profit, Group’s share 2,403 258 202 139 238 129 177 1,815 2017 2018 2017 2018 2017 2018 2017 2018 +32% +8% +14% -7% +21% -3% +1% +1% Constant Constant Constant Constant scope scope scope scope 2018 Half-year Results Highlights Consolidated data Stora
Slide 6: Consolidated Data
CONSOLIDATED DATA (in €M) Capital expenditure Shareholder’s equity Net finacial debt 108 2,212 2,078 687 80 545 2017 2018 31/12/2017 2018 31/12/2017 2018 A SOUND FINANCIAL STRUCTURE • DEBT / EBITDA (over a rolling 12-month period): 1.05 • DEBT / EQUITY: 0.25 2018 Half-year Results Highlights Consoli
Slide 7: Consolidated Data
CONSOLIDATED DATA (in €M) Net financial position as of December 31, 2017 (687) Cash flow 210 Change in working capital (21) Rubis Terminal capex (29) Rubis Énergie capex (44) Rubis Support and Services capex (34) Rubis holding capex (1) Net acquisition of financial assets (5) Change in loans and adv
Slide 8: Rubis Terminal: Bulk Liquid Storage
RUBIS TERMINAL BULK LIQUID STORAGE ▪ Fuels ▪ Fertilizers ▪ Chemicals ▪ Edible oils / Molasses 2018 Half-year Results Highlights Consolidated data Storage Fuel distribution Support and Services Outlook 8
Slide 9: Rubis Terminal - Storage Capacity: 3.5 Million cbm
RUBIS TERMINAL - STORAGE CAPACITY: 3.5 MILLIONS CBM 197 Rotterdam 190 Antwerp 475 Dunkirk 756 Rouen Strasbourg 870 131 Reichstett Brest Village-Neuf 62 (Mulhouse) St-Priest 95 Villette-de-Vienne 62 Salaise-sur-Sanne 20 Dörtyol 650 (Turkey) Corsica 37 Capacity geographical breakdown (’000 cbm) Fuels
Slide 10: Rubis Terminal - Consolidated Data
RUBIS TERMINAL - CONSOLIDATED DATA (in €M) Revenue EBITDA EBIT 171 167 48 31 21 36 2017 2018 2017 2018 2017 2018 -2% -24% -34% 2018 Half-year Results Highlights Consolidated data Storage Fuel distribution Support and Services Outlook 10
Slide 11: Rubis Terminal – Storage Business
RUBIS TERMINAL – STORAGE BUSINESS GLOBAL PERIMETER INCLUDING 100% ANTWERP (JOINT-VENTURE) STORAGE REVENUE : €88 MILLION (-10%) DISTRIBUTION REVENUE : €96 MILLION (+12%) FUELS CHIMICALS FERTILIZERS EDIBLE OILS AND MOLASSES CHANGE IN STORAGE REVENUES -23% +15% +6% +13% • France fuel: -8% • Rotterdam a
Slide 12: Rubis Terminal – Storage Business
RUBIS TERMINAL – STORAGE BUSINESS CHANGE IN EBIT INCLUDING 50% ANTWERP (JOINT-VENTURE) (in €M) 35 33.5 +1 +0.3 30 -2.9 24 25 -7.9 20 15 10 5 2017 2018 0 France Rotterdam Antwerp Turkey RP : -28% -13% +28% +44% -86% 2018 Half-year Results Highlights Consolidated data Storage Fuel distribution Support
Slide 13: Rubis Terminal – Key Figures
RUBIS TERMINAL – KEY FIGURES (in €M) Cash flow Capital expenditure 36 29 29 27 2017 2018 2017 2018 -20% 2018 Half-year Results Highlights Consolidated data Storage Fuel distribution Support and Services Outlook 13
Slide 14: Rubis Énergie: Fuel Distribution
RUBIS ÉNERGIE FUEL DISTRIBUTION ▪ Motor gas stations ▪ Commercial and industrial fuels ▪ LPG ▪ Aviation/marine ▪ Lubricants ▪ Bitumen 2018 Half-year Results Highlights Consolidated data Storage Fuel distribution Support and Services Outlook 14
Slide 15: Rubis Énergie: 4.5 Million cbm
RUBIS ÉNERGIE: 4.5 MILLION CBM ON A YEAR-ON-YEAR BASIS 1 Bermuda 2 Antilles – French Guiana 2 Western Caribbean 2 Jamaica 4 France 1 Channel Islands 2 Eastern Caribbean 1 Haiti 20% 3 Spain 1 Switzerland 2 Portugal 1 Corsica 51 % 1 Djibouti 2 Swaziland 1 Madagascar 3 Morocco 2 Botswana 1 Réunion 1 To
Slide 16: Rubis Énergie: Key Figures – Retail Distribution
RUBIS ÉNERGIE: KEY FIGURES – RETAIL DISTRIBUTION Volumes retailed Gross margin (‘000 cbm) (in €M) 2,315 303 1,830 258 2017 2018 2017 2018 +26% +17% +6% +6% Constant Constant scope scope 2018 Half-year Results Highlights Consolidated data Storage Fuel distribution Support and Services Outlook 16
Slide 17: Rubis Énergie: Distribution Business
RUBIS ÉNERGIE: DISTRIBUTION BUSINESS CHANGE IN VOLUMES IN RETAIL DISTRIBUTION (in ‘000 cbm) 2400 +164 2,315 2300 2200 +196 +21 2100 2000 +73 1,830 +15 +17 1900 1800 1700 1600 2017 2018 1500 440 17 876 301 517 164 1400 Europe Europe NP Caribbean CP Caribbean NP Africa CP Africa NP RP : +26% +7% (Cors
Slide 18: Rubis Énergie: Supply Prices
RUBIS ÉNERGIE: SUPPLY PRICES STRONG MARGIN RESILIENCE VERSUS PRICES VOLATILITY PROPANE IN US$ / TONNE 600 550 500 450 400 350 300 250 2016 2018 2017 200 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A • Quotation in USD: • Unit margin all products at constant scope: +25% Stable 2018
Slide 19: Rubis Énergie: Retail Distribution
RUBIS ÉNERGIE: RETAIL DISTRIBUTION CHANGE IN EBIT BY GEOGRAPHICAL AREA (in M€) 160 +8.2 -4.2 150.1 +5.4 +11.4 140 +3.9 126.2 120 -1.2 100 80 60 40 20 2017 2018 42 40 11 53 8 -4 0 Europe Caribbean CP Caribbean NP Africa CP Africa NP Africa NP RP: +19% recurring recurring non-recurring CP: +6% +10% -3
Slide 20: Rubis Énergie: Key Figures
RUBIS ÉNERGIE: KEY FIGURES (in €M) Cash flow Capital expenditure 145 44 44 120 2017 2018 2017 2018 +21% 2018 Half-year Results Highlights Consolidated data Storage Fuel distribution Support and Services Outlook 20
Slide 21: Rubis Support and Services
RUBIS SUPPORT AND SERVICES ▪ Shipping ▪ Supply ▪ Refining (SARA) ▪ Trading 2018 Half-year Results Highlights Consolidated data Storage Fuel distribution Support and Services Outlook 21
Slide 22: Rubis Support and Services
RUBIS SUPPORT AND SERVICES CHANGE IN EBIT BY GEOGRAPHICAL AREA (in €M) 45 +7.6 42 40 +3.4 35 +0.5 30.6 30 -0.1 25 20 15 10 5 2017 2018 15.2 19.3 -0.1 7.6 0 SARA Caribbean CP Caribbean NP Africa NP RP : +37% +4% +21% CP : +12% 2018 Half-year Results Highlights Consolidated data Storage Fuel distribut
Slide 23: Rubis Support and Services: Key Figures
RUBIS SUPPORT AND SERVICES: KEY FIGURES (in €M) Cash flow Capital expenditure 45 34 44 9 2017 2018 2017 2018 +2% 2018 Half-year Results Highlights Consolidated data Storage Fuel distribution Support and Services Outlook 23
Slide 24: Outlook
OUTLOOK 2018 Half-year Results Highlights Consolidated data Storage Fuel distribution Support and Services Outlook 24
Slide 25: The will to undertake, the corporate commitment
The will to undertake, the corporate commitment Photo Credits: © Gilles Dacquin © Rubis