Royal Vopak Nv · EURONEXT:VPK
Royal Vopak Nv — Shareholder Meeting (April 2021)
29 slides from Royal Vopak Nv's shareholder meeting presentation, Apr 21, 2021
Slide 1: Storing vital products with care
Storing vital products with care Algemene Vergadering van Koninklijke Vopak N.V. 21 april 2021
Slide 2: Agenda voor de jaarlijkse Algemene Vergadering van Koninklijke Vopak N.V.
Agenda voor de jaarlijkse Algemene Vergadering van Koninklijke Vopak N.V. - 21 april 2021 1. Opening 6. Decharge van de leden van de Raad van Bestuur voor de uitoefening van hun taken in het boekjaar 2020 2. Bespreking van het bestuursverslag over het boekjaar 2020 7. Decharge van de leden van de Ra
Slide 3: Eelco Hoekstra, Chairman of the Executive Board and CEO
Storing vital products with care Eelco Chairman of the Executive Board Hoekstra and CEO of Royal Vopak
Slide 4: Key messages
Key messages Storing vital products with care: products that meet basic human needs of a growing population and store these vital products with the utmost care Covid-19: taking care of our people and supporting society by storing vital products with care – uninterrupted service to customers Pe
Slide 5: Covid-19
Covid-19 Uninterrupted service to customers and society We manage this crisis to the best of our ability to ensure we protect the health and well-being of our people and support society by storing vital products with care Effective controls and governance structures have been put in place All
Slide 6: Developments 2020
Developments 2020 Solid short-term performance in a more volatile business environment EBITDA* Occupancy rate EPS* Terminal network In EUR million Proportional in percent In EUR In million cbm Growth Subsidiaries only 88 delivered 1.6 792 Proportional 90 2.42 in 2020 YE 2020 35.6 Developments 2020 w
Slide 7: Continued portfolio positioning
Continued portfolio positioning Strategic transformation toward more sustainable forms of energy & feedstocks Vopak growth capital allocation Majority of growth investments will be allocated towards industrial, gas and new energies 15-20% 25-30% 10-15% infrastructures 20-25% 10-15% 35-40% Gas, new
Slide 8: Industrial terminal delivery
Industrial terminal delivery Established leading position in industrial terminals Dow industrial terminals transaction Industrial terminal focus areas Vopak & BlackRock joint venture acquired three industrial terminals (852,000 cbm) from Dow supported by long-term service agreements Transformati
Slide 9: Gerard Paulides, Member of the Executive Board and CFO
Storing vital products with care Gerard Member of the Executive Board Paulides and CFO of Royal Vopak
Slide 10: Financial highlights
Financial highlights EBITDA post-divestments increased EUR 20 million reflecting growth contributions and resilient business performance in a dynamic environment Cost efficiency measures delivered - cost base below EUR 600 million revised target Growth momentum with EUR 525 million invested in
Slide 11: EBITDA growth post-divestments
EBITDA growth post-divestments Delivery of cost efficiency measures and growth projects - despite some construction delays Portfolio Business environment Performance decisions changes delivery 829.8 58 20 791.5 25-35 20-25 35-40 21 ~15 2019 Divested Oil Chemical FX-effect Additional Contribution Mal
Slide 12: Cash flow overview
Cash flow overview Investment momentum driven by growth project 2020 2019 In EUR million In EUR million 822 774 48 710 647 561 500 315 63 168 459 300 390 525 347 18 190 88 CFFO Tax & other CFFO Sustaining, FCF Divestments Growth Other Free Cash CFFO Tax & other CFFO Sustaining, FCF Divestments Growt
Slide 13: Investment phasing
Investment phasing Balanced approach for growth, sustaining, service improvement and IT investments Investments In EUR million For 2021, Vopak has the ambition to allocate some EUR 300-350 million to growth investments New projects* In the period 2020-2022, Vopak may invest EUR 750-850 million i
Slide 14: Robust balance sheet
Robust balance sheet Target leverage of 2.5 to 3.0 times senior net debt : EBITDA Priorities for cash Senior net debt : EBITDA ratio Growth investment multiples for covenant (frozen GAAP) Invested capital / normalized projected EBITDA* Debt servicing 1 average interest rate 2020: 3.7% 10x • Acquisit
Slide 15: Increase in shareholder returns
Increase in shareholder returns Continued rising cash dividend Dividend and EPS* In EUR Dividend policy targets to pay an annual 2.80 stable to rising cash dividend in balance 2.55 2.56 2.42 with a management view on a payout ratio 2.25 2.27 range of 25-75% of the net profit excluding exceptional
Slide 16: Financial highlights
Financial highlights EBITDA post-divestments increased EUR 20 million reflecting growth contributions and resilient business performance in a dynamic environment Cost efficiency measures delivered - cost base below EUR 600 million revised target Growth momentum with EUR 525 million invested in
Slide 17: Frits Eulderink, Member of the Executive Board and COO
Storing vital products with care Frits Member of the Executive Board Eulderink and COO of Royal Vopak
Slide 18: Sustainability messages
Sustainability messages Storing vital products with care • Vopak is committed to maximize positive, and minimize the negative effects of our business activities on people’s safety, health and well-being and on the environment • We are committed to remain a responsible member of the communities in
Slide 19: Create value for all stakeholders and society through achieving our SDGs
Storing vital products with care Create value for all stakeholders and society through achieving our SDGs 170 million metric tons of product handled for society • Chemicals that are the basis of millions of useful products and household goods • Energy products equivalent to power more than 120 mil
Slide 20: Vopak's Sustainability Roadmap
Vopak’s Sustainability Roadmap Shaped in 3 areas based on our purpose of storing vital products with care AGM 2021 20
Slide 21: Sustainability performance
Sustainability performance Our ambition is to be the sustainability leader in our industry and live up to our purpose, Storing vital products with care Social Environmental Governance Safety performance GHG emissions Business ethics and integrity Total Injury Rate (TIR)* 0.37 Total GHG emissions Fin
Slide 22: Value chain GHG emissions
Value chain GHG emissions Storage and regas typically minor part of energy value chain GHG emissions GHG emissions in oil & gas energy value chains illustrative GHG emission size Storage & Use of energy Production Transport Processing Transport Regas products Natural Gas LNG Industry & Liquefaction
Slide 23: Portfolio positioning impact GHG emissions
Portfolio positioning impact GHG emissions Investing in cleaner energy solutions for our customers and society, while energy intensity increases significantly for our operations supporting this transition GHG emission intensity by energy source Coal-to-gas switching can reduce GHG emissions in ton
Slide 24: New energy & feedstocks strategy
New energy & feedstocks strategy Developing infrastructure solutions for new energies Hydrogen Hydrogen Flow Flow batteries batteries ▪ Storing large quantities ▪ Green and low-carbon hydrogen as a source of of electricity energy ▪ Ammonia and methanol CO2 CO2 infrastructure New New feedstocks infra
Slide 25: Hydrogenious – green hydrogen in LOHC
Hydrogenious – green hydrogen in LOHC Kick-off for construction and operation of the largest project plant for storing green hydrogen in Liquid Organic Hydrogen Carrier in Germany Vopak is one of the strategic partners that invested in Hydrogenious LOHC Technologies to further develop cross-region
Slide 26: Redox Flow Battery
Redox Flow Battery Investigating the potential use of flow batteries in storing and supplying green energy at industrial locations Pilot project for Vanadium Redox Flow Battery technology for industrial in Singapore Redox flow batteries are scalable with high cycle life time to generate backup p
Slide 27: Storage capacity for new feedstocks
Storage capacity for new feedstocks Investing in storage capacity for waste based feedstocks in Rotterdam 16 new tanks with a combined capacity of 64.000 cbm will be built at Vopak Terminal Vlaardingen in the Port of Rotterdam. The renewable feedstocks that can be stored in the new tanks are was
Slide 28: Questions & Answers
Storing vital products with care Annual General Meeting Questions & 21 April 2020 Answers
Slide 29: Storing vital products with care
Storing vital products with care Algemene Vergadering van Koninklijke Vopak N.V. 21 april 2021