Royal Vopak Nv · EURONEXT:VPK
Royal Vopak Nv — Shareholder Meeting (April 2020)
27 slides from Royal Vopak Nv's shareholder meeting presentation, Apr 21, 2020
Slide 1: Storing vital products with care
Storing vital products with care Algemene Vergadering van Koninklijke Vopak N.V. 21 april 2020
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 2020 1. Opening 9. Remuneratiebeleid voor de Raad van Bestuur en voor de 2. Bespreking van het bestuursverslag over het boekjaar 2019 Raad van Commissarissen 3. Implementatie van het remuneratiebeleid voor het boekj
Slide 3: Chairman of the Executive Board and CEO Eelco Hoekstra
Storing vital products with care Chairman of the Executive Board Eelco and CEO of Royal Vopak Hoekstra
Slide 4: Key messages
Key messages Storing vital products with care helps both meet the needs of a growing population and reach society’s broader goals Strategy execution • Portfolio transformation gained momentum throughout 2019 • Excellent progress with our digital transformation Strong financial performance in 2
Slide 5: Covid-19 update
Covid-19 update We are in control and our governance structures are functioning well. We continuously monitor the developments and remain alert. We will manage this crisis to our best ability to ensure we protect our people and support society by storing vital products with care. Business-contin
Slide 6: Sustainability developments
Sustainability developments Safety and sustainability developments People Planet Personnel Safety (TIR) Reportable spills Total injuries per 200,000 hours worked Uncontained spills in amount (metric tons) and frequency 1.0 200 Metric tons 150 Total number 0.5 0.34 100 50 21 12 0.0 0 2010 2011 2012 2
Slide 7: Growth developments
Growth developments Shift towards industrial terminals, chemical and gas terminals Botlek Vietnam Vlissingen RIPET Caojing 63,000 cbm Deer Park 20,000 cbm 9,200 cbm German LNG 96,000 cbm* Qinzhou 65,000 cbm* 33,000 cbm Corpus Christi Antwerp PT2SB Open season completed Veracruz 290,000 cbm ETPL 130,
Slide 8: 2017-2019 strategy delivered
2017-2019 strategy delivered Transformative portfolio changes and digital strategy is being rolled out EUR 1 billion growth investment program in line with Capture growth long-term market developments Spend EUR 750 million on sustaining and Sustaining and service improvement capex programs servi
Slide 9: Key figures 2019
Key figures 2019 Strong EBITDA and significant increase in earnings per share Portfolio well-positioned for future opportunities EBITDA* EPS* Occupancy rate** Terminal network In EUR million In EUR In percent In million cbm Today 34.3 830 2.80 84 Growth program 1.5 2020-2022 * Including net resu
Slide 10: Member of the Executive Board and CFO Gerard Paulides
Storing vital products with care Member of the Executive Board Gerard and CFO of Royal Vopak Paulides
Slide 11: Financial highlights
Financial highlights EBITDA of EUR 830 million reflect good aggregate business performance including new asset performance and positive IFRS 16 effects Earnings Per Share (EPS) significantly increased to EUR 2.80 Cost savings program is delivered – 2019 cost base is EUR 633 million Continued
Slide 12: 2019 vs 2018 EBITDA
2019 vs 2018 EBITDA Pro forma EBITDA increased reflected good aggregate business performance including new asset performance 829.8 5.2 45.0 7.9 784.8 5.8 22.5 5.6 734.3 733.8 26.8 14.4 14.9 2018 FX-effect Divested Adjusted Asia & Americas China & LNG Europe & Global pro forma IFRS 16 2019 terminals
Slide 13: Cash flow overview
Cash flow overview Investment momentum driven by growth project phasing towards 2019 2019 2018 In EUR million In EUR million 710 687 647 640 561 500 63 47 300 266 390 38 347 374 18 341 21 50 CFFO* Tax & other CFFO Sustaining, FCF Divestments Growth Other Free Cash CFFO Tax & other CFFO Sustaining, F
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 Senior net debt : EBITDA ratio (frozen GAAP) scenarios 1 Debt servicing average interest 3.5% 3.75 2 Growth opportunities Value accretive growth 2.0-2.5 2.5-3.0 3.0-3.
Slide 15: Increase in shareholder returns
Increase in shareholder returns 5% increase in dividend and EUR 100 million share buyback program Dividend and EPS* Share Buyback Program In EUR 2.80 2.55 2.56 2.31 2.25 2.27 Vopak will start a share buyback program to return EUR 100 million to shareholders 1.05 1.05 1.10 1.15 0.90 1.00 2014 2015 20
Slide 16: Financial highlights
Financial highlights EBITDA of EUR 830 million reflect good aggregate business performance including new asset performance and positive IFRS 16 effects Earnings Per Share (EPS) significantly increased to EUR 2.80 Cost savings program is delivered – 2019 cost base is EUR 633 million Continued
Slide 17: Member of the Executive Board and COO Frits Eulderink
Storing vital products with care Member of the Executive Board Frits and COO of Royal Vopak Eulderink
Slide 18: Sustainability messages
Sustainability messages Storing vital products with care • Vopak is committed to remain a responsible member of the communities in which we operate. • We are committed to maximize positive, and minimize the negative effects of our business activities. • We aim to contribute to a more sustainable soc
Slide 19: Sustainability at a glance
Sustainability at a glance Energy supplied Income tax paid People employed Living wage In peta-joules In EUR millions Own employees (in FTE) and Percentage of employees that contractor (in man years) receive living wage 4,500 71 >15,000 100% Equivalent to 120 million We pay fair tax in households co
Slide 20: Important sustainability topics for society and Vopak
Storing vital products with care Important sustainability topics for society and Vopak Care for our Assuring occupational Care for our Air quality: Reducing VOC societal impact health and safety environment and other air emissions Ensuring process safety Preventing water and soil pollution Ensuring
Slide 21: Vopak's lines of actions towards a sustainable future
Vopak’s lines of actions towards a sustainable future SDGs Action on 3 horizons Decent work Responsible Continuous focus on safety & reducing and economic consumption growth and production environmental footprint (short-term) Affordable and Industry, Facilitating the switch to lighter fuels and
Slide 22: Personal safety & GHG reduction
Personal safety & GHG reduction Continuous focus on safety & reducing environmental footprint Personal safety GHG reduction Aiming to be as safe as the safest customer Supporting Paris Climate goals Personnel Safety (TIR) Total GHG emissions Total injuries per 200,000 hours worked in metric tons of
Slide 23: Facilitating the switch to lighter fuels and feedstocks
Facilitating the switch to lighter fuels and feedstocks Transforming our portfolio to facilitate the switch to lighter fuels and feedstocks Progress during 2019 ~10% ~10% 10-15% Facilitating LNG ~15% 20-25% • ETPL in Pakistan facilitates energy equivalent 25-30% of 4.5 million households 35-40% 25-3
Slide 24: New Energies
New Energies Developing infrastructure solutions for new energies New energies strategy Hydrogen progress Hydrogen Vopak explores 3 potential ways to handle hydrogen - Clean and renewable source of energy Liquid Hydrogen Ammonia Flow batteries Liquid Organic Hydrogen Carrier (LOHC) - Use mol
Slide 25: Vopak WeConnect Foundation
Vopak WeConnect Foundation Contributing to the youth in communities we operate • Since 2016 Caojing, China • Focus on young people aged between 10-24 years Rotterdam Botlek, Netherlands • Engage with our communities and help empower young people and connect them to the world Alemoa, Brazil • So far,
Slide 26: Annual General Meeting Questions & Answers
Storing vital products with care Annual General Meeting Questions & 21 April 2020 Answers
Slide 27: Storing vital products with care
Storing vital products with care Algemene Vergadering van Koninklijke Vopak N.V. 21 april 2020