Royal Vopak Nv · EURONEXT:VPK
Royal Vopak Nv — Investor Day (December 2013)
17 slides from Royal Vopak Nv's investor day presentation, Dec 10, 2013
Slide 1: Vopak’s terminal network portfolio: Continuous alignment with energy dynamics
Vopak’s terminal network portfolio: Continuous alignment with energy dynamics Capital Markets Day, 10 December 2013 Eelco Hoekstra, Chairman of the Executive Board and CEO
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains ‘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: Growing trade imbalance over the last 25 years
Growing trade imbalance over the last 25 years Main drivers for growth Energy Population GDP demand 40% 280% 60% Oil trade Chemical LNG trade trade 100% 400% 375% Source: UN (2013); World bank (2013); BP (2013); IHS Chemicals. 3 Capital Markets Day 10 December 2013
Slide 4: Increased storage demand over the last decades
Increased storage demand over the last decades Main global drivers for Vopak’s growth strategy in the past Catch-up Liberalization of New products to Growing energy Globalization and infrastructure former closed store due to demand increasing trade new markets economies renewables Increasing focus o
Slide 5: Vopak’s milestones over the last decades
Vopak’s milestones over the last decades But the world around Vopak has changed as well Vopak operates more Merger Van Ommeren and Pakhoed Vopak’s first than 30 million cbm resulting in Royal Vopak LNG terminal storage capacity 1999 2011 2013 1988-1993 1994-1998 1999-2003 2004-2008 2009-2013 1988 19
Slide 6: Mega trends that drive storage demand
Mega trends that drive storage demand Different growth scenarios projected for 2035 by different institutions Energy Population GDP demand 15-35% 70-170% 15-55% Source: UN (2013); World bank (2013); IMF (2013); IEA (2012); Shell (2013) and various other sources. 6 Capital Markets Day 10 December 201
Slide 7: Key global features as driver for change
Key global features as driver for change On which Vopak should anticipate in the next decades A further Eastern shift Further globalization Different economic Different energy The role of in the international or away from ‘the growth paths demand growth and renewables in the system? world is flat’?
Slide 8: Questions arising on the business
Questions arising on the business Vopak has analyzed and quantified the boundaries US oil and gas LNG as Shale gas in European refining Biofuel Energy role of export scenarios transport fuel China & petrochemical scenarios Africa 8 Capital Markets Day 10 December 2013
Slide 9: Outcome of quantified scenarios (1)
Outcome of quantified scenarios (1) Vopak has analyzed and quantified the boundaries In 2015, new emission regulations in Additional infrastructure is North America and Northwest Europe required, however, timing will come into force that is expected is uncertain LNG as to change the bunker fuel
Slide 10: Outcome of quantified scenarios (2)
Outcome of quantified scenarios (2) Vopak has analyzed and quantified the boundaries In Europe, depending on GDP and other Further potential developments, few closures are still changes in the refinery European expected; Mediterranean area may face landscape are expected refining the next wave o
Slide 11: Changing business circumstances
Changing business circumstances Challenging business situation for specific product-market combinations Changing flows due to Changing flows due to Additional capacity by economic reasons political reasons competition Structural changes in International sanctions Capacity being built by certai
Slide 12: Vopak’s strategy
Vopak’s strategy Disciplined execution of continuous alignment of terminal network portfolio with energy dynamics Growth Leadership Operational Excellence Customer Leadership Our ability to find or Our ability to construct, Our ability to create long- identify the right location own, operate and mai
Slide 13: Further align Vopak’s global terminal network
Further align Vopak’s global terminal network Serving markets from a product perspective Understand basic technology Understand imbalances 1 Understand trade flow dynamics Product strategy Customer segmentation Port attractiveness Access to the right people Relevance for network Unde
Slide 14: Further align Vopak’s global terminal network
Further align Vopak’s global terminal network Greenfield, brownfield, acquisition and divestment Greenfield Brownfield Upgrading Acquisition Divestment investment investment investment Vopak project management 14 Capital Markets Day 10 December 2013
Slide 15: Frontline execution and competitive position
Frontline execution and competitive position Focus on safety, cost efficiency and service improvements Safety Cost efficiency Service improvements Ambition is to be as good Continuous focus on cost Logistic efficiency and as our leading customers management contributes service improvements for
Slide 16: Vopak’s capital disciplined growth strategy
Vopak’s capital disciplined growth strategy to EBITDA ambition of EUR 1 billion It has become unlikely that Vopak will reach this ambition already in 2016 Note: Excluding exceptional items; including net result from joint ventures and associates.
Slide 17: Royal Vopak
Royal Vopak Westerlaan 10 Tel: +31 10 4002911 3016 CK Rotterdam Fax: +31 10 4139829 The Netherlands www.vopak.com