Royal Vopak NV · EURONEXT:VPK
Royal Vopak NV — Q3 2006 Earnings Presentation
16 slides from Royal Vopak NV's earnings presentation, Nov 3, 2006
Slide 1: Third Quarter 2006 Results
Third Quarter 2006 Results Jack de Kreij (CFO) November 3, 2006 1
Slide 2: Today's agenda
Today’s agenda • Business performance Q3 2006 • Recent developments • Outlook 2
Slide 3: Q3 2006: EBIT increase
Q3 2006: EBIT increase EUR (mln) Q3 2005 Q3 2006 ∆% EBIT incl. exceptionals 44.1 57.7 31 EBIT excl. exceptionals 45.6 57.5 26 Exceptionals -1.5 0.2 3
Slide 4: Q3 2006: 12 mln increase in EBIT
Q3 2006: 12 mln increase in EBIT* 18.8 17.8 15.7 14.4 6.2 5.4 Q3 2005 Q3 2006 Q3 2005 Q3 2006 Q3 2005 Q3 2006 North America OEMEA Asia 17.6 12.9 Other Q3 2005 Q3 2006 4.1 3.8 -6.8 -6.8 Q3 2005 Q3 2006 Q3 2005 Q3 2006 Latin America CEMEA *EBIT excluding exceptional items 4
Slide 5: Division: Chemicals EMEA
Division: Chemicals EMEA “Considerable improvement in results” EBIT* (mln) 20 18 16 14 12 2005 10 2006 8 6 4 10,2 13,1 10,7 14,3 12,9 17,6 10,8 2 0 Q1 Q2 Q3 Q4 * Excluding exceptional items 5
Slide 6: Division: Oil EMEA
Division: Oil EMEA “Actively addressing the oil market imbalance” EBIT* (mln) 20 18 16 14 12 2005 10 8 2006 6 4 13,4 16,3 14,3 15,4 15,7 17,8 14,2 2 0 Q1 Q2 Q3 Q4 * Excluding exceptional items 6
Slide 7: Division: Asia
Division: Asia “Expansion continues in major growth region” EBIT* (mln) 20 18 16 14 12 2005 10 8 2006 6 16,9 20,0 18,8 16,8 13,8 14,9 14,4 4 2 0 Q1 Q2 Q3 Q4 * Excluding exceptional items 7
Slide 8: Division: North America
Division: North America “Actively addressing rising demand” EBIT* (mln) 20 18 16 14 12 2005 10 8 2006 6 4 2 6,7 4,9 5,4 5,8 4,5 5,4 6,2 0 Q1 Q2 Q3 Q4 * Excluding exceptional items 8
Slide 9: Division: Latin America
Division: Latin America “Phased network expansion” EBIT * (mln) 20 18 16 14 12 2005 10 8 2006 6 4 2 5,4 4,0 3,5 5,0 3,8 4,1 5,0 0 Q1 Q2 Q3 Q4 * Excluding exceptional items 9
Slide 10: Today's agenda
Today’s agenda • Business performance Q3 2006 • Recent developments • Outlook 10
Slide 11: Building for future growth
Building for future growth London Amsterdam Europoort Gävle Rotterdam Biodiesel LNG (R’dam) Botlek Zhangjiagang Lanshan Antwerp Fujairah Caojing Altamira Banyan Biodiesel Banyan Venezuela Sebarok Darwin Biodiesel Sydney Announced investigation Construction 11
Slide 12: Indication of capacity in 2004 - 2008
Indication of capacity in 2004 - 2008 ֽ 23 ¦ ¦ ¦ ¦ M illio n s ¦ ¦ Addition 22 21 Capacity 20 19 2004 2005 2006 2007 2008 12
Slide 13: Today's agenda
Today’s agenda • Business performance Q3 2006 • Recent developments • Outlook 13
Slide 14: Outlook EBIT* 2006
Outlook EBIT* 2006 2006 (April 27, 2006) Barring unforeseen circumstances, Vopak expects to achieve a group operating profit of around EUR 200 million excluding exceptional items for the whole of 2006 (2005: EUR 179.7 million). Excluded from this outlook are the financial and reporting impacts of th
Slide 15: Outlook summary
Outlook summary 2005 2006 and beyond EBITDA (mln) 253.5 Growth to 275-350 EBIT* (mln) 179.7 Expected group operating profit excluding exceptional items for the year 2006 around EUR 220 mln EPS 1.46 An improvement of around 10% per annum on average over the coming years CAPEX (mln) 160.3 ±250 (2006)
Slide 16: Forward-looking statement
Forward-looking statement This presentation contains statements of a forward-looking nature, based on currently available plans and forecasts. Given the dynamics of the markets and the environments of the 30 countries in which Vopak renders logistics services, the company cannot guarantee the accura