Royal Vopak Nv · EURONEXT:VPK
Royal Vopak Nv — Investor Day (June 2016)
20 slides from Royal Vopak Nv's investor day presentation, Jun 16, 2016
Slide 1: Relevant & Reliable
RELEVANT & RELIABLE ROYAL VOPAK EELCO HOEKSTRA, CHAIRMAN & CEO 16 JUNE 2016 Vopak employee witnessing the commissioning of the Vlissingen LPG expansion project
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS The presentations contain ‘forward-looking statements’, based on currently available plans and forecasts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the
Slide 3: Summary: Key Topics
SUMMARY KEY TOPICS Looking back at 400 years of history o Historic overview o Value creation journey Strategic pillars – what we believe in and why o Growth, operational and customer leadership o Fit for the future Looking forward with confidence o Mega trends impacting economies and end-marke
Slide 4: Looking Back 400 Years of Experience
LOOKING BACK 400 YEARS OF EXPERIENCE
Slide 5: Historic Overview
HISTORIC OVERVIEW VOPAK AND ITS MAIN PRECURSORS 1616 ‘De Blaauwhoudenveem’ was founded 1967 (much later known as ‘Blaauwhoed’) Merger of Pakhuismeesteren and Blaauwhoed into 1818 Pakhoed Establishment of Pakhuismeesteren van de Thee in Amsterdam and Rotterdam 1999 Merger of Pakhoed and Van Ommeren i
Slide 6: Value Creation Journey
VALUE CREATION JOURNEY SUPPORTED BY CLEAR CHOICES AND FOCUS Products LNG Terminal Bio fuels types Geographies “Industrial” Vegetable oils ME America’s “Distribution” Chemicals Asia “Hub” Oil Europe Value chain Value chain (backward) (forward) Sea ports Barging Shipping Inland harbors Forwarding Airp
Slide 7: Strategic Pillars
STRATEGIC PILLARS STRIVING TO BE THE PARTNER OF CHOICE Organizational alignment Divestment program Selective growth via the four strategic terminal types Safety and sustainability Front line execution Operational efficiency Market intelligence Key account management General terms a
Slide 8: Growth Leadership
GROWTH LEADERSHIP TERMINAL PORTFOLIO CRITERIA Major hubs Industrial terminals Gas terminals Distribution terminals Fujairah 7 JCSSC PCQ2 Vlissingen Durban Fuel 2 / 3 Capital Markets Days 2016 8
Slide 9: Operational Leadership
OPERATIONAL LEADERSHIP WHAT WE BELIEVE IN 1. Safety o Minimizing process and personal incidents o Reducing the cost to society and environment 2. Effectiveness o Maximizing operational productivity o Reducing the cost of our customers value chain 3. Efficiency o Active monitoring of assets o Optimiz
Slide 10: Operational Leadership: Examples from the Netherlands
OPERATIONAL LEADERSHIP EXAMPLES FROM THE NETHERLANDS Manifold upgrades ‘Entry point’ to hub Dedicated systems LNG break bulk Europoort, Rotterdam GATE, Rotterdam Terminal integration Reduced turnaround Jetty utilization Pipeline connection New loading station Flow meters Botlek-TTR, Rotterdam Vlaard
Slide 11: Customer Leadership
CUSTOMER LEADERSHIP EFFECTIVENESS OF OUR SERVICES Transparency and real time information Dedicated customer solutions and personalized service First time right Capital Markets Days 2016 11
Slide 12: Fit for the Future
FIT FOR THE FUTURE PERFORMANCE, AMBITION AND POTENTIAL Updated strategic priorities, terminal portfolio criteria Growth 2 July 2014 strategy Optimized terminal network D H Higher degree of Full potential excellence organizational agility Focus Solid balance sheet divestments and financial flex
Slide 13: Mega Trends
MEGA TRENDS INFLUENCING THE ECONOMIC EVOLUTION OF THE WORLD Industrialization and Changing Disruptive urbanization in emerging demographics technologies economies Geopolitical developments Sustainability 13 and global trade and climate
Slide 14: Impact on End-Markets
IMPACT ON END-MARKETS FUTURE GROWTH IN THREE AREAS Trends Energy Manufacturing Food & Agriculture End Power generation sector to be Demand growth in the Growth driven by increasing Markets the largest segment of energy Construction and Automotive population and wealth levels demand by 2035 sec
Slide 15: Refined Products Outlook
REFINED PRODUCTS OUTLOOK IMBALANCES EXPECTED TO INCREASE FSU Greater Europe North America Middle East 2015 2025 2015 2025 2015 2025 2015 2025 Asia Pacific Latin America Sub-Saharan Africa 2015 2025 2015 2025 Refined petroleum accumulated deficits 2015 2025 Refined petroleum accumulated surpluses NOT
Slide 16: Chemicals Outlook 2030
CHEMICALS OUTLOOK 2030 STRONG GROWTH ETHYLENE CAPACITY Ethylene Capacity Growth 250 World consumption in mln tons 200 Other 150 Europe 100 Asia & Pacific Middle East 50 North America North East Asia 0 2000 2005 2010 2015 2020 2025 2030 World average plastics consumption in kg per capita Plastics usa
Slide 17: The Changing World of LNG
THE CHANGING WORLD OF LNG REBALANCING OF THE MARKET Norway ~4% Russia ~7% North America Qatar ~23% North Africa ~14% ~5% West Africa ~7% Malaysia ~4% Indonesia ~3% LNG exported in 2015 Existing LNG flow Australia LNG exported in 2025 New LNG flow ~17% LNG exported in 2035 Existing pipe flow % of wor
Slide 18: Vopak's LNG Strategy
VOPAK’S LNG STRATEGY REVIEWING ADDITIONAL SERVICE OFFERINGS Mature markets Drivers Inland gas markets Hub terminal LNG trading Break bulk distribution Transport / bunkering Single-customer terminal Growth markets Drivers LNG-to-power Political – security of supply FSRU 138,000 / 175,000 cbm Industri
Slide 19: Key Take Aways
KEY TAKE AWAYS FIT FOR THE FUTURE Vopak’s extensive history shows ability to stay relevant and open-minded towards changes in society Our strategic pillars continue to be key value drivers Well-positioned to continue to create value at existing locations and capture future growth opportunities
Slide 20: Questions and Answers
Vopak ANSWERS SS \ T 20 5 i) waa