Koninklijke Vopak Uns/Adr (VOPKY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to the Royal BOPAC First Quarter 2026 Results 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 Patrona Topchew, Head of Investor Relations. Please go ahead with your meeting. Good morning, everyone, and welcome to our Q1 2026 Results Analyst Call. My name is Patrona Topchew, Head of IR. I will see you soon to Dick Richelle and CFO, Miguel Gilson, to guide you through our latest results. We will refer to the Q1 2026 summit presentation, which you can follow on screen and download from our website. After the presentation, we will have the opportunity for Q&A. A replay of the webcast will be made available on our website as well. Before we start, I would like to refer you to like the disclaimer content of the forward-looking statements, 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 poll, including the answers provided to questions during the Q&A. And with that, I would like to hand over the poll to Dick. Thank you very much, Fatrona, and a good morning to all of you joining us in the call this morning. I would like to start with the key highlights of the year so far. We've had a strong start. Of the year, we saw a healthy demand for our services, which is reflected by our continuously high occupancy rate of 91%. Our financial performance remained strong. Proportional EBITDA grew by 4.1% compared to Q1 2025. And that is the result adjusted for negative currency translation and divestment impact. Importantly, we were able to convert 76% of this EBI...