Royal Vopak Nv · EURONEXT:VPK
Royal Vopak Nv — Investor Day (December 2014)
28 slides from Royal Vopak Nv's investor day presentation, December 2014
Slide 1: Industrial Terminals - Capital Markets Day December 2014
DECEMBER 2014 CAPITAL MARKETS DAY INDUSTRIAL TERMINALS
Slide 2: Forward-Looking Statements
General Business Strategy and Business Selective Looking introduction environment execution performance growth ahead FORWARD-LOOKING STATEMENTS This presentation contains ‘forward-looking statements’, based on currently available plans and forecasts. By their nature, forward-looking statements invol
Slide 3: Introduction
INTRODUCTION Caojing, China
Slide 4: Introduction: Network Contribution
STRATEGIC INTRODUCTION VOPAK’S EXAMPLES GOING QUESTIONS AND BUSINESS BUSINESS FORWARD ANSWERS RATIONALE INTRODUCTION: NETWORK CONTRIBUTION ~x% Share of EBITDA* Industrial terminals Oil products Chemicals & other pipeline Biofuels & LNG Connected infra vegoils ~50% ~20% 15% - 20% 7.5% - 10% 2.5% - 5%
Slide 5: Key Developments in the Global Industry: Industrial Terminals Are Needed
STRATEGIC INTRODUCTION VOPAK’S EXAMPLES GOING QUESTIONS AND BUSINESS BUSINESS FORWARD ANSWERS RATIONALE KEY DEVELOPMENTS IN THE GLOBAL INDUSTRY INDUSTRIAL TERMINALS ARE NEEDED By 2025 global chemical Production capacity Such integrated sites Single/centralized industry is expected to expansions are
Slide 6: Several Integrated Sites Being Considered Worldwide
STRATEGIC INTRODUCTION VOPAK’S EXAMPLES GOING QUESTIONS AND BUSINESS BUSINESS FORWARD ANSWERS RATIONALE KEY DEVELOPMENTS IN THE GLOBAL INDUSTRY SEVERAL INTEGRATED SITES BEING CONSIDERED WORLDWIDE Middle East– based on advantaged crude oil, China – worlds largest several world scale refineries are pl
Slide 7: Vopak's Business
VOPAK’S BUSINESS Teesside, United Kingdom
Slide 8: Vopak Operates Three Types of Terminals
STRATEGIC INTRODUCTION VOPAK’S EXAMPLES GOING QUESTIONS AND BUSINESS BUSINESS FORWARD ANSWERS RATIONALE VOPAK OPERATES THREE TYPES OF TERMINALS HUB, IMPORT/EXPORT AND INDUSTRIAL TERMINALS Hub Import / export Industrial Example: Vopak Terminal Europoort (NL) Example: Vopak Terminal London (UK) Exampl
Slide 9: Scale of Integration Industrial Terminals
STRATEGIC INTRODUCTION VOPAK’S EXAMPLES GOING QUESTIONS AND BUSINESS BUSINESS FORWARD ANSWERS RATIONALE SCALE OF INTEGRATION INDUSTRIAL TERMINALS FULL INDUSTRIAL TERMINALS CONCENTRATED IN ASIA AND CHINA Chemiehaven Teesside Windmill Tarragona Ethylene Tianjin Deer Park Al-Jubail Zhangjiagang Engro C
Slide 10: Vopak Is Well Positioned
STRATEGIC INTRODUCTION VOPAK’S EXAMPLES GOING QUESTIONS AND BUSINESS BUSINESS FORWARD ANSWERS RATIONALE VOPAK IS WELL POSITIONED THE LARGEST & MOST EXPERIENCED IN INDUSTRIAL TERMINALLING Vopak currently Vopak currently Relationship with Vopak currently has 8 Vopak is recognized operates 15-20 serves
Slide 11: Experience with Industrial Terminals
STRATEGIC INTRODUCTION VOPAK’S EXAMPLES GOING QUESTIONS AND BUSINESS BUSINESS FORWARD ANSWERS RATIONALE EXPERIENCE WITH INDUSTRIAL TERMINALS FIRST INDUSTRIAL TERMINAL DATES BACK TO 1973 Thai Tank (Thailand) Merak Tarragona Sakra (Indonesia) (Spain) (Singapore) 1992 Banyan Haiteng Gulei Teesside Chem
Slide 12: Focus Is on Fast-Growing Economies
STRATEGIC INTRODUCTION VOPAK’S EXAMPLES GOING QUESTIONS AND BUSINESS BUSINESS FORWARD ANSWERS RATIONALE FOCUS IS ON FAST-GROWING ECONOMIES AND (NEW) INTEGRATED PRODUCTION LOCATIONS World GDP growth 2014 (in %) locations (7x) selected by the Chinese government to be developed into petrochemical parks
Slide 13: But Also on Mature Economies
STRATEGIC INTRODUCTION VOPAK’S EXAMPLES GOING QUESTIONS AND BUSINESS BUSINESS FORWARD ANSWERS RATIONALE BUT ALSO ON MATURE ECONOMIES Vopak terminal Teesside - UK Vopak terminal Aratu - Brazil Vopak Terminal Deer Park - USA Existing chemical clusters in North America and Europe developed over time •
Slide 14: Knowing Where to Invest Is Crucial
STRATEGIC INTRODUCTION VOPAK’S EXAMPLES GOING QUESTIONS AND BUSINESS BUSINESS FORWARD ANSWERS RATIONALE KNOWING WHERE TO INVEST IS CRUCIAL VOPAK’S MULTI-ANGLE APPROACH Global business intelligence Key account management network Interaction with port authorities Diligent market studies & to develop p
Slide 15: Strategic Business Rationale
STRATEGIC BUSINES RATIONALE Terquimsa Tarragona, Spain
Slide 16: The Case of the Industrial Terminal
STRATEGIC INTRODUCTION VOPAK’S EXAMPLES GOING QUESTIONS AND BUSINESS BUSINESS FORWARD ANSWERS RATIONALE THE CASE OF THE INDUSTRIAL TERMINAL INDUSTRIAL TERMINALS HAVE A ROBUST RISK RETURN PROFILE 1 Reduction of capital expenditure • Build customer-tailored infrastructure (design optimization) 2 Econo
Slide 17: Examples
EXAMPLES Kertih, Malaysia
Slide 18: Vopak Terminal Sakra
STRATEGIC INTRODUCTION VOPAK’S EXAMPLES GOING QUESTIONS AND BUSINESS BUSINESS FORWARD ANSWERS RATIONALE VOPAK TERMINAL SAKRA JURONG ISLAND, SINGAPORE 18 Sakra, Singapore
Slide 19: Vopak Terminal Sakra: Serves More Than 20 Production Plants
STRATEGIC INTRODUCTION VOPAK’S EXAMPLES GOING QUESTIONS AND BUSINESS BUSINESS FORWARD ANSWERS RATIONALE VOPAK TERMINAL SAKRA SERVES MORE THAN 20 PRODUCTION PLANTS • Operational since 1994 • On average 850 vessels, 10.000 trucks and 50.000 drums per year • More than 30 different products handled. Suc
Slide 20: Thai Tank Terminal
STRATEGIC INTRODUCTION VOPAK’S EXAMPLES GOING QUESTIONS AND BUSINESS BUSINESS FORWARD ANSWERS RATIONALE THAI TANK TERMINAL MAP TA PHUT INDUSTRIAL ESTATE, THAILAND HMC PTT CH I-1 PTT CH I-4 Oil Refinery Dow TOL BPE ATC TPAC Bayer Buffer tank farm Solid Coal Bulk Power Port Plant RRC Tank farm MTT Tan
Slide 21: Thai Tank Terminal: 3.9 Million Metric Tons Throughput
STRATEGIC INTRODUCTION VOPAK’S EXAMPLES GOING QUESTIONS AND BUSINESS BUSINESS FORWARD ANSWERS RATIONALE THAI TANK TERMINAL 3.9 MILLION METRIC TONS THROUGHPUT PER YEAR • 713.000 cbm storage for liquid chemicals • Serves more than 10 production plants – both feedstock and product output • Joint ventur
Slide 22: Haiteng Terminal
STRATEGIC INTRODUCTION VOPAK’S EXAMPLES GOING QUESTIONS AND BUSINESS BUSINESS FORWARD ANSWERS RATIONALE HAITENG TERMINAL Downstream petchem Formosa (cracker) CPDC (PDH) Sinopec Petrochina (cracker) (cracker) Xianglu PTA Dragon PX Haishunde solvent Thai Tank Terminal, Thailand
Slide 23: Haiteng Terminal
STRATEGIC INTRODUCTION VOPAK’S EXAMPLES GOING QUESTIONS AND BUSINESS BUSINESS FORWARD ANSWERS RATIONALE HAITENG TERMINAL 14 MILLION METRIC TONS THROUGHPUT PER YEAR Nominated by the central government as one of 7 Petrochemical bases in China • 56 square km area dedicated petrochemical Industry • 5 je
Slide 24: Going Forward
GOING FORWARD Chemiehaven, Netherlands
Slide 25: Industrial Terminals in Vopak's Strategy
STRATEGIC INTRODUCTION VOPAK’S EXAMPLES GOING QUESTIONS AND BUSINESS BUSINESS FORWARD ANSWERS RATIONALE INDUSTRIAL TERMINALS IN VOPAK’S STRATEGY VOPAK’S UPDATED PORTFOLIO CRITERIA HUB TERMINALS GASES DISTRIBUTION TERMINALS INDUSTRIAL Cmd 2014 TERMINALS Major hubs, supporting Terminals facilitating I
Slide 26: Summary
STRATEGIC INTRODUCTION VOPAK’S EXAMPLES GOING QUESTIONS AND BUSINESS BUSINESS FORWARD ANSWERS RATIONALE SUMMARY Industrial terminals provide solid contribution to Vopak’s network Solid • Unique combination of long-term contracts and efficient operations Opportunities to leverage on experience and pr
Slide 27: Questions and Answers
QUESTIONS AND ANSWERS Deer Park, Houston
Slide 28: 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