Royal Vopak Nv · EURONEXT:VPK
Royal Vopak Nv — Investor Presentation (July 2013)
15 slides from Royal Vopak Nv's investor presentation, Jul 19, 2013
Slide 1: Creation of new class of listed preference shares
Creation of new class of listed preference shares 19 July 2013 Not for release, distribution or publication into or in the United States, Australia, Canada or Japan
Slide 2: Disclaimer
Disclaimer This document 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 future, and Vopak c
Slide 3: Disclaimer
Disclaimer This presentation is not for release, distribution or publication, whether directly or indirectly and whether in whole or in part, into or in the United States, Australia, Canada or Japan or any (other) jurisdiction where to do so would constitute a violation of the relevant laws of such
Slide 4: Contents
Contents Review completed Vopak’s growth strategy Vopak’s capital structure Rationale for the C shares Key transaction elements Key terms of C shares 4 New preference share class 19 July 2013, as updated on 23 August 2013 Not for release, distribution or publication into or in the United States, Aus
Slide 5: Capital disciplined growth
Capital disciplined growth - Vopak announced 19 July 2013 that it has completed its review of various potential equity-like capital raising alternatives to support its future growth plans. - Vopak proposes that its shareholders, on an EGM on 17 September 2013, vote on the issuance of a new class of
Slide 6: Vopak's strategy
Vopak’s strategy Disciplined execution of existing business and new projects Growth Leadership Operational Excellence Customer Leadership Our ability to find or Our ability to construct, Our ability to create long- identify the right location own, operate and maintain term sustainable for our termin
Slide 7: Ambition 2016
Ambition 2016 Capacity expansions main driver of EBITDA* growth ambition EBITDA* ambition 2016 In EUR mln +7% CAGR 1,000 768.4 2012 Capacity Changes FX impact Pension impact Approval and 2016 (IAS 19 restated) commissioned occupancy rates execution of / under / tariffs / costs additional constructio
Slide 8: Potential new growth developments
Potential new growth developments Upgrade and expand its existing terminals and to invest in new terminals in selected product-market combinations. Oil hub strategy US operations Industrial terminals LNG Vopak plans to further Two sites acquired near Vopak believes that it is Vopak intends t
Slide 9: Vopak's capital structure
Vopak’s capital structure Striving to maintain a strong balance sheet Private Placement Syndicated Revolving Ordinary Shares* Preference Shares* Programs* Credit Facility* Listed on Euronext Preference Shares 2009 USD: 2.1 bln EUR 1.0 bln Market cap: Not listed SGD: 435 mln 15 banks 5.
Slide 10: Rationale for the C shares
Rationale for the C shares Growth Leadership Flexibility New class of listed C shares Capital disciplined growth Stock Dividend Diversification of funding Distribution of newly sources created C shares to Capacity expansion main ordinary shareholders value driver of future EBITDA growth potential Of
Slide 11: Key transaction elements
Key transaction elements New instrument offering fixed annual dividend and liquidity Listed cumulative financial preference share with limited voting rights offering fixed annual dividend and liquidity Stock Dividend* Offering* Would allow all Vopak shareholders Primary offering of newly created
Slide 12: Summary
Summary New instrument offering fixed annual dividend and liquidity Creation of a new class of listed cumulative finance preference shares (the “C shares”), senior only to Key ordinary shares, with limited voting rights (in comparison with the ordinary shares) and offering a fixed elements annual
Slide 13: Key terms of the C shares
Key terms of the C shares Issuer Koninklijke Vopak N.V. (“Vopak”) Description New class of listed cumulative finance preference shares (“C shares”) in the share capital of Vopak Currency Euro Nominal par value EUR 0.05 Issue price To be determined through the bookbuilding process for the Offering Su
Slide 14: C shares within Vopak's equity capital structure
C shares within Vopak’s equity capital structure Finance preference Ordinary shares C shares Comments shares (Finprefs)3 Nominal value EUR 0.50 EUR 0.50 EUR 0.05 Limited nominal value dilution expected Voting rights in line with relative nominal value, i.e. 1 vote per C Voting rights 10 per ordinary
Slide 15: Royal Vopak contact details
Royal Vopak Westerlaan 10 Tel: +31 10 4002911 3016 CK Rotterdam Fax: +31 10 4139829 The Netherlands www.vopak.com Not for release, distribution or publication into or in the United States, Australia, Canada or Japan