Koninklijke Vopak Uns/Adr (VOPKY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Royal Volpec first half year 2025 update. Throughout the call, all participants will be in the listen-only mode. And afterwards, there will be a question and answer session. This call is being recorded. I am pleased to present the Jonah Topshu, Head of Investor Relations. Please go ahead with your meeting. Good morning, everyone, and welcome to our half-year 2025 Results Analyst Call. My name is Fathiona Topcu, Head of IR. Our CEO, Shubhik Rishal, and CFO, Mila Vilsin, will guide you through our latest results. We will refer to half-year 1 2025 Analyst 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 to the disclaimer content of the forward-looking statement, which you are familiar with. I would like to also remind you that we may make forward-looking statements during the presentation, which involves certain risks and uncertainties. Accordingly, this is applicable to the entire call, including the answer provided to questions during the Q&A. And with that, I would like to hand over the call to Dick. Thank you very much, Fajona, and a very good morning to all of you joining us in the call. Let's start with the key priorities of our strategy framework towards 2030. We continue to focus on improving 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% throughout the cycle. Second, we have the ambition to invest 2 billion euro equity contribution in industrial and gas terminals. That translates to around 2.6 billion euro on a pr...