Royal Vopak NV · EURONEXT:VPK
Royal Vopak NV — Shareholder Meeting (April 2018)
16 slides from Royal Vopak NV's shareholder meeting presentation, Apr 18, 2018
Slide 1: Agenda and Shareholder Circular for the Annual General Meeting 2018
Agenda en Aandeelhouderscirculaire voor de jaarlijkse Algemene Vergadering van Koninklijke Vopak N.V. - woensdag 18 april 2018 AGM 210 3
Slide 2: Storing vital products with care
Storing vital products with care Chairman of the Executive Board and CEO of Royal Vopak Eelco Hoekstra
Slide 3: Summary key messages
Summary key messages Progress made with regard to sustainable development, PERFORMANCE albeit safety performance in 2017 did not meet our expectations 2017 Despite challenging market conditions, particularly in the oil markets, satisfactory financial performance in 2017 Projects under developm
Slide 4: Sustainable development
Sustainable development ‘Storing vital products with care’ Embracing the changing dynamics of the energy transition PURPOSE AND STRATEGY Investments in innovation and technology to deliver benefits of digital transformation Review and commitment to support 4 out of the 17 UN Sustainability Dev
Slide 5: Safety performance
Safety performance Total Injury Rate (TIR) Lost Time Injury Rate (LTIR) Total injuries per 200,000 hours worked by Total injuries leading to lost time per 200,000 hours own employees and contractors worked by own employees and contractors 1.5 0.3 1.0 0.2 0.14 0.38 0.5 0.1 0.0 0.0 Total Injury Count
Slide 6: Key figures 2017
Key figures 2017 Terminal network Occupancy rate* In million cbm In percent 35.9 90 Revenues* EBITDA** In EUR million In EUR million 1,306 763 * Occupancy rate and revenues figures include subsidiaries only ** Including net result from joint ventures and associates and excluding exceptional items AG
Slide 7: Product-market update
Product-market update Diversified portfolio across different product-market segments Oil products Fuel oil: uncertain short-term outlook Vegoils US and EU policy changes in Oil hubs: Soft short-term markets & biofuels the biofuels markets creates with solid long-term underlying volatility dema
Slide 8: Strategic direction
Strategic direction Set towards disciplined growth and productivity improvement Capture growth in the 2017-2019 period New projects in South Africa, Canada, . Brazil, Malaysia Spend maximum EUR 750 million on sustaining EUR 212 million sustaining and service and service improvement capex for t
Slide 9: Gerard Paulides, Member of the Executive Board and CFO
Member of the Executive Board and CFO of Royal Vopak Gerard Paulides
Slide 10: Summary financial performance
Summary financial performance Satisfactory financial performance with solid cash flow from operations 2017 - EBITDA -excluding exceptional items-: EUR 763 million FULL YEAR - Cash flows from operating activities (gross): EUR 714 million PERFORMANCE Strong balance sheet and sufficient financial f
Slide 11: Key figures developments
Key figures developments Terminal network Occupancy rate* Revenues* In million cbm In percent In EUR million Subsidiaries +1.2 -3pp Joint Ventures & Associates -3% Operatorship 88 88 92 93 90 1,295 1,323 1,386 1,347 1,306 33.8 34.3 34.7 35.9 30.5 20.1 19.7 19.6 20.8 21.7 9.9 11.9 12.2 12.5 8.1 1.6 2
Slide 12: 2017 EBITDA development
2017 EBITDA development 822.3 6.2 10.7 11.5 800.1 15.9 36.1 17.0 0.2 763.2 6.1 EMEA LNG 2016 2017 Americas Asia Divestments 2016 FX-effect Pro forma Others Netherlands EBITDA -excluding exceptional items- decreased 7%, adjusted for the divestments and FX-effects, the pro forma EBITDA decreased by 4%
Slide 13: 2017 cash flow overview
2017 cash flow overview 714 669 45 242 127 348 49 Cash Flow Income tax and Cash Flow Cash Flow Growth Divestment Free Cash Flow from other non-gross from from Investment Investments Proceeds before financing Operations cash flow items Operations (excl growth (gross) (net) & divestments) Solid operat
Slide 14: Financial flexibility
Financial flexibility The solid operational cash flow generation, strong balance sheet and sufficient financial flexibility, provides an excellent platform to continue our capital disciplined growth journey Equity and net liabilities Senior net debt* : EBITDA ratio In percent Maximum ratio under oth
Slide 15: Continued cash dividend
Continued cash dividend Dividend maintained at EUR 1.05 per ordinary share Earnings per ordinary share Dividend per ordinary share In EUR In EUR 2.45 2.55 2.56 2.31 2.25 1.00 1.05 1.05 0.90 0.90 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 Barring exceptional circumstances, the intention is to
Slide 16: Questions & answers
The world’s leading independent tank storage company building Questions on an impressive history of more & answers • than 400 years