Royal Vopak Nv · EURONEXT:VPK
Royal Vopak Nv — Investor Day (December 2017)
12 slides from Royal Vopak Nv's investor day presentation, Dec 12, 2017
Slide 1: LNG market update: Surge in LNG supply creates opportunities to open new markets
LNG market update • Surge in LNG supply creates opportunities to open new markets Royal Vopak – Analyst Day 2017 Ton Floors, Global LNG Director 12 December 2017
Slide 2: Forward-looking statement
Forward-looking statement This presentation 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
Slide 3: Vopak's well-balanced global portfolio
Vopak’s well-balanced global portfolio Oil Chemical Industrial Vegoils Gas products products terminals & biofuels products Typical contract 0-5 years 0-5 years 5-20 years 0-3 years 10-20 years duration per product / terminal category Share of 40-45% 20-25% 20-25% 5-7.5% 3-5% 2016 EBITDA* Netherlands
Slide 4: Reshaping of the LNG market
Reshaping of the LNG market A new wave of LNG supply is expected, initially predominately coming from the US and Australia Norway ~1% FSU ~9% North America ~20% Middle East North Africa ~18% ~7% West Africa South America ~7% SE Asia ~3% ~14% East Africa LNG exported in 2016 Existing LNG flow ~7% LNG
Slide 5: Increasing LNG demand
Increasing LNG demand 70% of LNG demand growth comes from new importing countries, mainly driven by increasing energy demand LNG demand by region/country 50% of the demand growth 20% of the demand growth in 16 countries with Vopak presence in countries with no Vopak presence Japan, Korea, Taiwan Rec
Slide 6: LNG infrastructure demand
LNG infrastructure demand An increasing demand for dedicated and fit-to-market infrastructure solutions Mature markets Drivers Various hinterland markets Hub terminal LNG trading E.g. Gate Break bulk distribution Transport / bunkering Growth markets Single-customer terminal Drivers E.g. Altamira LNG
Slide 7: LNG value chain
LNG value chain Specialization has increased the number of parties in the LNG value chain Production Liquefaction Trading Shipping Regasification Marketing 0.5-3 $/Mbtu B2B 0.2-0.4 $/Mbtu 0.5-2 $/Mbtu 1-2 $/Mbtu 0.2-0.4 $/Mbtu ~0.5 $/Mbtu DES Asia B2C 1.5-2.5 $/Mbtu Focusing on Simplifying designs I
Slide 8: Vopak's vital role in the chain
Vopak’s vital role in the chain Vopak continues to look for opportunities to strengthen its presence as a service provider in the LNG infrastructure market 3 2 1 2 1• Onshore terminal infrastructure • Continued strategy pursuing greenfields, acquisitions and further development of current terminals
Slide 9: Development of existing terminals
Development of existing terminals Case study: Rotterdam Gate Terminal 1. 1 2013: Refitted existing jetties for medium size vessels (un)loading 1 2. 2 2014: Adding truck loading facility 3. 3 2016: LNG Break Bulk Rotterdam; 2 expansion development jetty 3 Gate 2011 Gate 2013 - 2014 Lessons learned:
Slide 10: LNG Hub terminal business model
LNG Hub terminal business model From import to full (hub) service in five years Unloading and Storage Regasification reloading LNG trucking LNG bunkering / Break-bulk Unloading and reloading Multiple customer model or dedicated Different services for further (including transshipment) LNG-to-po
Slide 11: Key messages
Key messages Surge in LNG supply creates opportunities to open new markets The global natural gas market is undergoing a major transformation A new wave of LNG supply is expected, initially predominately coming from the US and Australia An increasing LNG demand growth is expected from new impo
Slide 12: Questions & Answers
Questions & Answers• Surge in LNG supply creates opportunities to open new markets Royal Vopak – Analyst Day 2017 Ton Floors, Global LNG Director 12 December 2017 12 December 2017 – Analyst Day