Slide 1: Interim Update Q3 2016 Results
INTERIM UPDATE Q3 2016 RESULTS ROYAL VOPAK JACK DE KREIJ, VICE-CHAIRMAN & CFO ANALYST PRESENTATION – NOVEMBER 7, 2016
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: Key Topics
KEY RESULTS YTD RESULTS PROJECT UPDATE OUTLOOK 2016 TOPICS Q3 2016 Q3 2016 Q3 2016 INTERIM UPDATE KEY TOPICS YTD Q3 2016 BUSINESS HIGHLIGHTS Q3 2016 KEY FIGURES UPDATE STATUS PROJECTS FY 2016 OUTLOOK 3 Analyst presentation Q3 2016 November 7, 2016
Slide 4: YTD Q3 2016 Business Highlights
KEY RESULTS YTD RESULTS PROJECT UPDATE OUTLOOK 2016 TOPICS Q3 2016 Q3 2016 YTD Q3 2016 BUSINESS HIGHLIGHTS SOLID FINANCIAL RESULTS, REVENUES DOWN DUE TO DIVESTMENTS Terminal network * Revenues ** Adj. Revenues ** +1% -3% +4% 34.6 vs. FY 2015 1,008.1 vs. YTD Q3 2015 991.0 vs. YTD Q3 2015 In million c
Slide 5: Occupancy Rate Developments
KEY RESULTS YTD RESULTS PROJECT UPDATE OUTLOOK 2016 TOPICS Q3 2016 Q3 2016 OCCUPANCY RATE DEVELOPMENTS OCCUPANCY IN Q3 ABOVE 90%, IN LINE WITH FY OUTLOOK Occupancy rate* In percent 90-95% 85-90% 92 93 94 94 94 93 88 88 91 91 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Q1 Q2 Q3 Q4 Q1
Slide 6: YTD Q3 2016 Key Figures Excluding Exceptional Items
KEY RESULTS YTD RESULTS PROJECT UPDATE OUTLOOK 2016 TOPICS Q3 2016 Q3 2016 YTD Q3 2016 KEY FIGURES -EXCLUDING EXCEPTIONAL ITEMS- SOLID RESULTS SUPPORTED BY HEALTHY OCCUPANCY RATES Revenues* -3% EBITDA** +4% In EUR million In EUR million 1,035.6 624.7 602.1 1,008.1 984.8 568.4 2014 2015 2016 2014 201
Slide 7: Key Figures Adjusted for Divestments
KEY RESULTS YTD RESULTS PROJECT UPDATE OUTLOOK 2016 TOPICS Q3 2016 Q3 2016 YTD Q3 2016 KEY FIGURES -EXCLUDING EXCEPTIONAL ITEMS- ADJUSTED FOR THE DIVESTMENTS IN 2015 AND EARLY 2016 Revenues** +4% US: Galena Park and In EUR million Wilmington terminals Finland UK 991.0 10-06-2015 31-05-2016 953.4 27-
Slide 8: EBITDA Analysis
KEY RESULTS YTD RESULTS PROJECT UPDATE OUTLOOK 2016 TOPICS Q3 2016 Q3 2016 YTD Q3 2016 EBITDA ANALYSIS +4% 8.8 0.1 1.2 624.7 6.3 8.8 602.1 9.6 19.4 9.3 570.5 22.3 Pre-OPEX Divestments Acquisitions/ YTD Q3 FX-effect Adjusted Netherlands EMEA Asia Americas LNG Other YTD Q3 Greenfields , 2015 YTD Q3 20
Slide 9: Q3 2016 Key Figures Excluding Exceptional Items
KEY RESULTS YTD RESULTS PROJECT UPDATE OUTLOOK 2016 TOPICS Q3 2016 Q3 2016 Q3 2016 KEY FIGURES -EXCLUDING EXCEPTIONAL ITEMS- Revenues* EBITDA** In EUR million -2% In EUR million +5% 350.4 214.7 347.9 209.4 206.2 203.8 334.9 332.0 328.2 193.7 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 2015 2015 2016 2016 2016 201
Slide 10: Update Status Projects
KEY RESULTS YTD RESULTS PROJECT UPDATE OUTLOOK 2016 TOPICS Q3 2016 Q3 2016 UPDATE STATUS PROJECTS Houston – Deer Park Brownfield (139k cbm) Contracting ongoing, expected to start construction end-2016 / early 2017. Commissioning expected in Q4 2018. Panama – Bahia Las Minas (509k + 306k cbm) Operato
Slide 11: Outlook 2016
KEY RESULTS YTD RESULTS PROJECT UPDATE OUTLOOK 2016 TOPICS Q3 2016 Q3 2016 OUTLOOK 2016 FY 2015 Business Expansions Occupancy Divestments FX effect FY 2016 developments and acquisitions rate effect and other and operational efficiency Note: for illustration purposes only “Vopak expects to complete a
Slide 12: Questions and Answers
QUESTIONS AND ANSWERS ROYAL VOPAK ANALYST PRESENTATION – NOVEMBER 7, 2016 For more information please contact: Media contact: Liesbeth Lans, Manager External Communications Telephone: +31 (0)10 400 2777, e-mail: global.communication@vopak.com Investor Relations contact: Chiel Rietvelt, Head of Inves
Slide 13: Appendix
APPENDIX ROYAL VOPAK ANALYST PRESENTATION – NOVEMBER 7, 2016
Slide 14: Occupancy Rate Developments per Division
OCCUPANCY RATE DEVELOPMENTS PER DIVISION Occupancy rates In percent 96 96 96 96 96 95 95 95 94 94 92 92 92 91 91 91 91 90 89 89 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Netherlands EMEA Asia Americas Note: occupancy rates include subsidiaries only 14 Analyst presentation Q3 2016 November 7, 2016
Slide 15: Netherlands Development
YTD Q3 2016 NETHERLANDS DEVELOPMENT Occupancy rate* In percent +1pp 94 95 90 87 83 2012 2013 2014 2015 2016 Revenues* In percent +4% 360.5 373.8 Storage capacity 340.4 328.3 332.7 In million cbm 2012 2013 2014 2015 2016 10.0 10.0 EBITDA** In EUR million +4% 209.3 218.7 9.5 9.5 9.5 199.1 191.7 180.6
Slide 16: EMEA Development
YTD Q3 2016 EMEA DEVELOPMENT Occupancy rate* In percent +3pp 92 95 88 89 83 2012 2013 2014 2015 2016 Revenues* In percent -25% 176.3 182.7 191.1 191.3 Storage capacity 144.0 In million cbm 2012 2013 2014 2015 2016 9.6 9.7 EBITDA** In EUR million 9.0 1% -3% 8.4 100.8 101.4 8.3 94.2 91.5 87.4 2012 201
Slide 17: Asia Development
YTD Q3 2016 ASIA DEVELOPMENT Occupancy rate* In percent +4pp 95 95 95 92 88 2012 2013 2014 2015 2016 Revenues* In percent +1% 284.8 288.9 Storage capacity 265.6 270.6 273.4 In million cbm 2012 2013 2014 2015 2016 -1% 11.6 11.5 EBITDA** In EUR million 9.4 +4% 7.3 7.4 224.2 214.4 213.3 215.4 205.6 201
Slide 18: Americas Development
YTD Q3 2016 AMERICAS DEVELOPMENT Occupancy rate* In percent +1pp 94 90 90 90 91 2012 2013 2014 2015 2016 Revenues* In percent +1% 196.1 198.2 200.6 Storage capacity 181.9 183.0 In million cbm 15% 2012 2013 2014 2015 2016 3.9 EBITDA** In EUR million 3.6 +4% 3.4 90.1 3.3 3.3 86.5 76.6 74.0 75.5 2012 2
Slide 19: Net Result of JVs and Associates
YTD Q3 2016 NET RESULT OF JVS AND ASSOCIATES Netherlands Americas -20% 1.8 2.0 2.0 1.6 0.8 0.2 0.2 0.2 2013 2014 2015 2016 2013 2014 2015 2016 Net result of JVs EMEA Global LNG and associates +78% +22% 28.3 28.7 +1% 94.6 16.1 21.7 22.1 25.0 25.2 13.3 81.7 77.4 64.5 2013 2014 2015 2016 2013 2014 2015
Slide 20: Interim Update Q3 2016 Results
INTERIM UPDATE Q3 2016 RESULTS ROYAL VOPAK JACK DE KREIJ, VICE-CHAIRMAN & CFO ANALYST PRESENTATION – NOVEMBER 7, 2016