Koninklijke Vopak Uns/Adr (VOPKY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the Royal Volpac first quarter 2025 update. Throughout the call all participants will be in listen only mode and afterwards there will be a question and answer session. This call is being recorded. I'm pleased to present Fationa Topsyu, Head of Investor Relations. Please go ahead with your meeting. Good morning everyone and welcome to our Q125 results analyst call. My name is Fationa Topsyu, Head of IR. Today, our CEO, Jules-José Grichel, and CFO, Mihail Hilsing, will guide you through our latest results. We will refer to the Q125 analyst presentation, which you can follow on screen and download from our website. After the presentation, we will have the opportunity for the Q&A. A replay of the webcast will be made available on our website as well. Before we start, I would like to refer to the disclaimer content of the forward-looking statement which you are familiar with. I would like to remind you that we may make forward-looking statements during the presentation, which involve certain risks and uncertainties. Accordingly, this is applicable to the entire call, including the answers provided to questions during the Q&A. With that, I would like to turn over the call to Woudik. Thank you very much, Fachona, and a very good morning to all of you joining us in the call. Following our strategy update we presented at Capital Markets Day in March, I want to highlight our key strategic priorities before we dive into this quarter's results and achievements. First, we're focused to continue to improve the performance of our existing portfolio. This includes both our sustainability efforts and our financial results, with an operating cash return target for the portfolio above 13%. We have the ambition to invest an additional €1 billion in our industrial a...