Royal Vopak Nv · EURONEXT:VPK
Royal Vopak Nv — Investor Day (December 2014)
23 slides from Royal Vopak Nv's investor day presentation, December 2014
Slide 1: The Rise of an Oil Hub: Fujairah
DECEMBER 2014 CAPITAL MARKETS DAY THE RISE OF AN OIL HUB FUJAIRAH
Slide 2: Forward-Looking Statements
SAFETY FUJAIRAH FUJAIRAH FUJAIRAH QUESTIONS AND CREATING A HOW WE THE VHFL ANSWERS MARKETS STARTED FACTOR FORWARD-LOOKING STATEMENTS This presentation contains ‘forward-looking statements’, based on currently available plans and forecasts. By their nature, forward-looking statements involve risks an
Slide 3: Safety First
SAFETY FUJAIRAH FUJAIRAH FUJAIRAH QUESTIONS AND CREATING A HOW WE THE VHFL ANSWERS MARKETS STARTED FACTOR SAFETY FIRST SPM Primary Emergency TF Assembly B5 TF 7 Point B6 6 GATE 1 MF 4 TF TF B4 B3 1 5 MF B1 TF 1 MF 2 3 Secondary Emergency MF Assembly 2 B2 TF TF4 Point 3 GATE 2 3 CMD 2014
Slide 4: Fujairah: Creating a Market
FUJAIRAH CREATING A MARKET
Slide 5: Fujairah
SAFETY FUJAIRAH FUJAIRAH FUJAIRAH QUESTIONS AND CREATING A HOW WE THE VHFL ANSWERS MARKETS STARTED FACTOR FUJAIRAH STRATEGIC LOCATION OUTSIDE THE GULF • Outside the Strait of Hormuz • Attractive shipping advantages • Deep draft • Multiple products and customers • Politically stable 5 CMD 2014
Slide 6: Our Markets
SAFETY FUJAIRAH FUJAIRAH FUJAIRAH QUESTIONS AND CREATING A HOW WE THE VHFL ANSWERS MARKETS STARTED FACTOR OUR MARKETS KEY ROLE IN OIL SUPPLY CHAIN Light distillates (gasoline & blend components) • Deficit in gasoline, • I.E. Iraq, Pakistan, UAE and Saudi Arabia • Make/break bulk, blending Middle dis
Slide 7: Fujairah: How We Started
FUJAIRAH HOW WE STARTED Fujairah 1997
Slide 8: Strong Long-Term Partnerships
SAFETY FUJAIRAH FUJAIRAH FUJAIRAH QUESTIONS AND CREATING A HOW WE THE VHFL ANSWERS MARKETS STARTED FACTOR STRONG LONG-TERM PARTNERSHIPS Shareholders Royal Vopak N.V. (Netherlands) 33.3% Horizon terminals (UAE) 33.3% Government of Fujairah (UAE) 22.2% International Petroleum Group (Kuwait) 11.1% Othe
Slide 9: Demand in the Middle East
SAFETY FUJAIRAH FUJAIRAH FUJAIRAH QUESTIONS AND CREATING A HOW WE THE VHFL ANSWERS MARKETS STARTED FACTOR DEMAND IN THE MIDDLE EAST INCREASING FLOWS IN THE NEXT DECADES Other Products Fuel Oil Diesel/Gasoil Jet/Kerosene Gasoline Naphtha LPG 500 450 400 Demand (mt) 350 300 250 200 150 100 50 0 2000 2
Slide 10: Requirements for a Physical Oil Market
SAFETY FUJAIRAH FUJAIRAH FUJAIRAH QUESTIONS AND CREATING A HOW WE THE VHFL ANSWERS MARKETS STARTED FACTOR REQUIREMENTS FOR A PHYSICAL OIL MARKET LIQUIDITY AS A PREREQUISITE Demand in the Middle East Excellent infrastructure Other Products Fuel Oil Diesel/Gasoil Jet/Kerosene Gasoline Naphtha 500 400
Slide 11: Capacity Growth and Tonnage Handled
SAFETY FUJAIRAH FUJAIRAH FUJAIRAH QUESTIONS AND CREATING A HOW WE THE VHFL ANSWERS MARKETS STARTED FACTOR CAPACITY GROWTH AND TONNAGE HANDLED VOPAK HORIZON FUJAIRAH LTD. Storage capacity (x1,000 Tonnage handled at the terminal (x Million) m3) 11 CMD 2014
Slide 12: Option Value and Phasing
SAFETY FUJAIRAH FUJAIRAH FUJAIRAH QUESTIONS AND CREATING A HOW WE THE VHFL ANSWERS MARKETS STARTED FACTOR OPTION VALUE AND PHASING Opportunities for future growth • Black Pearl phase 7 • Land for expansion (approx. 45 hectares ) • More jetties further into the sea • Port jetties (under construction
Slide 13: Tank Storage Developments in Fujairah
SAFETY FUJAIRAH FUJAIRAH FUJAIRAH QUESTIONS AND CREATING A HOW WE THE VHFL ANSWERS MARKETS STARTED FACTOR TANK STORAGE DEVELOPMENTS IN FUJAIRAH 2011 2013 2015 2.8 mln cbm 4.7 mln cbm 7.4 mln cbm 3 terminals 7 terminals 10 terminals 13 CMD 2014
Slide 14: Fujairah: The VHFL Factor
FUJAIRAH THE VHFL FACTOR
Slide 15: Vopak and VHFL
SAFETY FUJAIRAH FUJAIRAH FUJAIRAH QUESTIONS AND CREATING A HOW WE THE VHFL ANSWERS MARKETS STARTED FACTOR VOPAK AND VHFL Execution of our business • Continuing drive to further improve safety and service • Optimize sustaining and improvement capex programs • Productivity and organizational efficienc
Slide 16: Continuing Drive to Further Improve Safety
SAFETY FUJAIRAH FUJAIRAH FUJAIRAH QUESTIONS AND CREATING A HOW WE THE VHFL ANSWERS MARKETS STARTED FACTOR CONTINUING DRIVE TO FURTHER IMPROVE SAFETY • Implement the highest standards for SHE, Operations and Maintenance • Several awards received on safety performance • A healthy and sustainable worki
Slide 17: Continuing Drive to Further Improve Service
SAFETY FUJAIRAH FUJAIRAH FUJAIRAH QUESTIONS AND CREATING A HOW WE THE VHFL ANSWERS MARKETS STARTED FACTOR CONTINUING DRIVE TO FURTHER IMPROVE SERVICE The VHFL factor •Implement the highest standards for SHE, Operations and Maintenance •A healthy and sustainable working environment Engagement and pas
Slide 18: Service and Productivity Improvements
SAFETY FUJAIRAH FUJAIRAH FUJAIRAH QUESTIONS AND CREATING A HOW WE THE VHFL ANSWERS MARKETS STARTED FACTOR SERVICE AND PRODUCTIVITY IMPROVEMENTS The VHFL factor • Original plug valve type (left) DBBs replaced with gate valve type (right), new type supplied by Posiwell • Excellent customer planning: w
Slide 19: Organizational Efficiency
SAFETY FUJAIRAH FUJAIRAH FUJAIRAH QUESTIONS AND CREATING A HOW WE THE VHFL ANSWERS MARKETS STARTED FACTOR ORGANIZATIONAL EFFICIENCY 19 CMD 2014
Slide 20: Focus in Business Development
SAFETY FUJAIRAH FUJAIRAH FUJAIRAH QUESTIONS AND CREATING A HOW WE THE VHFL ANSWERS MARKETS STARTED FACTOR FOCUS IN BUSINESS DEVELOPMENT Possible future opportunities for Fujairah 1. New Fujairah refinery: industrial terminalling 2. Bio fuels production plant: industrial terminalling 3. Bitumen refin
Slide 21: Summary
SAFETY FUJAIRAH FUJAIRAH FUJAIRAH QUESTIONS AND CREATING A HOW WE THE VHFL ANSWERS MARKETS STARTED FACTOR SUMMARY Vopak created a terminal and a market The VHFL factor: staying ahead of competition Opportunities for enhancing market leadership 21 CMD 2014
Slide 22: Questions and Answers
SAFETY FUJAIRAH FUJAIRAH FUJAIRAH QUESTIONS AND CREATING A HOW WE THE VHFL ANSWERS MARKETS STARTED FACTOR QUESTIONS AND ANSWERS
Slide 23: We have built our company over 400 years on trust and reliability
We have built our company over 400 years on trust and reliability Royal Vopak I Westerlaan 10 I 3016 CK Rotterdam I The Netherlands I Tel: +31 10 400 2911 I Fax: +31 10 413 9829 I www.vopak.com