Royal Vopak Nv · EURONEXT:VPK
Royal Vopak Nv — Investor Day (December 2013)
25 slides from Royal Vopak Nv's investor day presentation, Dec 10, 2013
Slide 1: Sustainability at the core of every decision
Sustainability at the core of every decision Capital Markets Day, 10 December 2013 Frits Eulderink, Member of the Executive Board and COO
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: Vopak's strategy
Vopak’s strategy Disciplined execution existing business and new projects 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 maintain term sustainable for our terminals
Slide 4: Contents
Contents Sustainability Project execution Terminal Master Plans Concluding remarks 4 Capital Markets Day 10 December 2013
Slide 5: People, Planet and Profit
People, Planet and Profit We take responsibility Planet People Micro level Micro level Vopak reduced Employee emissions to the engagement score environment (soil, at the higher end of water, gas emissions, the benchmark odors and noise) Macro level Macro level Being a vital part of Vopak’s L
Slide 6: Sustainability
Sustainability Unit of measure The core of every decision Past Present and future ▪ Individual education programs on local ▪ Full skill map on every level Excellent level ▪ Overview of required competencies at people detail level ▪ E-learning tools ▪ In 2008/2009 Vopak way: introduction ▪ Ambition i
Slide 7: Sustainability reporting
Sustainability reporting GRI reporting improved Vopak Quality / Content 2014/2015 GRI 4 Vopak GRI 3.1 2012/2013 GRI 3 Vopak 2010 GRI 3 Vopak 2009 GRI 3 Vopak 2007/2008 Time 7 Capital Markets Day 10 December 2013
Slide 8: Odor complaints Rotterdam Europoort
Odor complaints Rotterdam Europoort What does being a responsible partner for our stakeholders mean Odor complaints In # 250 150 50 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Situation past Situation deteriorates Short-term solution Long-term solution
Slide 9: Vopak safety results
Vopak safety results Where are we? TMP OVE Assets E-learning case Proces- Physical Processes Assets ses Approach Systems People TIR* Approach 8 Behavioral 6 Approach People 4 2 0 2009 2010 2011 2012 HY1 2013 * Total Injury Rate (TIR): Total injuries per million hours worked by own employees and cont
Slide 10: Safety benchmark
Safety benchmark To be as good as our leading customers Total Injury Rate Total injuries per million hours worked by employees per company 14.3 Sabic 13.6 Shell 3.5 Vopak 3.1 3.0 AKZO-Nobel 2.9 2.9 Vopak Solvay S.A. 2.6 2.4 Du Pont 2.0 TNT Express Vopak 1.5 1.2 1.3 1.1 2011 2012 10 Capital Markets D
Slide 11: Contents
Contents Sustainability Project execution Terminal Master Plans Concluding remarks 11 Capital Markets Day 10 December 2013
Slide 12: Scale of expansion projects is growing
Scale of expansion projects is growing Proportion of largest Capex projects in total Capex Other total Capex Total Expansion Capex (2007-2013) Total Capex Gate terminal In billion EUR Total Capex 3 largest projects* 2.1 1.9 1.9 1.6 1.5 1.6 1.5 ~625-860 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012
Slide 13: Project management and execution
Project management and execution On-time delivery Project delivery* In percent 1Q delay 2Q delay 3Q delay 20% > 3Q delay On schedule 5% 60% 7.5% 7.5% * Timeframe projects announced as of HY1 2012; delay in commissioning; n = 24. 13 Capital Markets Day 10 December 2013
Slide 14: Project management and execution
Project management and execution Main root causes for deviation plans Main root causes in case of delay and cost overruns Permits / scope changes Third-party involvement Markets Dongguan Aratu Westpoort ▪ Land permit delay ▪ Contractor default ▪ Changing product flows ▪ Takeaway: risk ▪ Takeaway: fi
Slide 15: Expansion projects
Expansion projects Vopak’s project management Vopak project management FID Scenario Identifi- Selec- Defini- Execu- Evalua- analysis cation tion tion tion tion Scenario Identify Generate, Develop Engineer Evaluate the analysis opportuni- develop the project and build asset to and ties an
Slide 16: Vopak's project execution management
Vopak’s project execution management Worldwide, regional and local Local Regional Worldwide Operating company Division Global Execution Governance Best practices 16 Capital Markets Day 10 December 2013
Slide 17: Contents
Contents Sustainability Project execution Terminal Master Plans Concluding remarks 17 Capital Markets Day 10 December 2013
Slide 18: Maintaining and upgrading existing operations
Maintaining and upgrading existing operations Different plans and programs Criticality review of all assets: Continuous improvement Long-term vision on full market safety, environmental, maintenance performance potential and external powers permitting, and economical with better maintenance
Slide 19: Roadmap Terminal Master Plan
Roadmap Terminal Master Plan To align with future client needs Commercial vision Commercial/service req. Technical req. Terminal Market Operational req. Business drivers requirements Terminal outlook Permit & safety req. Market outlook requirements (product scenario’s) Automation req.
Slide 20: Terminal Master Plan
Terminal Master Plan Involvement stakeholders on global, division and local level Local Regional Global Operating company Division EB / global departments Prepare TMP’s and TMP approval of proposals TMP approval by EB incorporate feedback, input from operating companies Input and advice to b
Slide 21: Terminal Master Plan Update
Terminal Master Plan Update Further improving Vopak’s top 16 largest upgrading terminals TMP per division TMP update (16 terminals) 100% = 10.4 million cbm In # Asia 12% Netherlands Americas 15% 4 In progress 52% Available 11 21% 1 EMEA On hold 21 Capital Markets Day 10 December 2013
Slide 22: Contents
Contents Sustainability Project execution Terminal Master Plans Concluding remarks 22 Capital Markets Day 10 December 2013
Slide 23: Frontline execution
Frontline execution Improve safety, efficiency and service at every level Safety/Sustainability Cost efficiency Service improvements Ambition is to be as good Local competitive position Improve Service quality as our leading customers Cost management index OEI/Lean Improve Net Promoter
Slide 24: Operational excellence challenges
Operational excellence challenges Increasing stakeholder expectations 1▪ Local leading service proposition Increasing stakeholder expectations 3▪ Safety and sustainability 2▪ Cost efficiency at the core 24 Capital Markets Day 10 December 2013
Slide 25: Royal Vopak contact details
Royal Vopak Westerlaan 10 Tel: +31 10 4002911 3016 CK Rotterdam Fax: +31 10 4139829 The Netherlands www.vopak.com