Royal Vopak NV · EURONEXT:VPK
Royal Vopak NV — Q3 2007 Earnings Presentation
16 slides from Royal Vopak NV's earnings presentation, Oct 26, 2007
Slide 1: Q3 2007 Results
Q3 2007 Results 26 October 2007 Professionals in liquid bulk logistics www.vopak.com 1
Slide 2: Agenda
Agenda ▢ Business Performance Q3 2007 ▢ Achievements YTD 2007 ▢ Outlook 2
Slide 3: Q3 2007: 19% EBIT Increase excl. Exceptionals
Q3 2007: 19% EBIT Increase excl. Exceptionals EUR (mln) Q3 06 Q3 07 ∆% YTD 06 YTD 07 ∆% 57.5 68.6 19% EBIT 164.3 208 27% 0.2 5.1 Exceptional items -3.3 15 57.7 73.7 28% EBIT incl. 161 223 39% exceptional items 3
Slide 4: Q3 2007: 28% Increase in EBIT*
Q3 2007: 28% Increase in EBIT* OEMEA 19.3 North America 7.7 17.8 6.2 Asia 19.9 18.8 24% 8% Q3-06 Q3-07 Q3-06 Q3-07 6% CEMEA Q3-06 Q3-07 Latin America 22.5 17.6 4.1 5.5 Other -6.8 -6.5 34% 28% 4% Q3-06 Q3-07 Q3-06 Q3-07 Q3-06 Q3-07 *EBIT excluding exceptional items and non-core activities 4
Slide 5: Agenda
Agenda ▢ Business Performance Q3 2007 ▢ Achievements YTD 2007 ▢ Outlook 5
Slide 6: Vopak's YTD Capacity Growth
Vopak’s YTD Capacity Growth 24 23 X 1 mln cbm 22 Addition 21 Capacity 20 19 2005 2006 2007 2008 2009 2006 Capacity 21.224.300 cbm YTD 2007 New capacity on stream 270.240 cbm YTD 2007 Divestments 266.000 cbm YTD 2007 Capacity 21.228.540 cbm 6
Slide 7: Projects 1H 2007
Projects 1H 2007 Commissioned projects in 1H 2007 Vlaardingen Zhangjiagang Lanshan Ulsan Sydney site B Confirmed projects in 1H 2007 Zhangjiagang Alemoa Vietnam Botlek Pit 19 Penjuru Teesside Banyan 7
Slide 8: Projects Q3 2007
Projects Q3 2007 Commissioned projects in Q3 2007 Division: Asia Start of operations: Q3 2007 Capacity: expansion 10,870 cbm Product focus: chemical products Division: CEMEA Start of operations: Q3 2007 Capacity: expansion 11,200 cbm Product focus: chemical products Darwin ACS Antwerp Confirmed proj
Slide 9: Projects' overview
Projects’ overview London Amsterdam Teesside Europoort Rotterdam Gothenburg Biodiesel LNG (R’dam) Zhangjiagang Botlek pit 11 Botlek pit 19 Pakistan Korea Houston Vlaardingen Lanshan Antwerp Fujairah Caojing Altamira Thailand Banyan Suape Biodiesel Vietnam Banyan Venezuela Sebarok Penjuru Darwin San
Slide 10: Developments/Studies
Developments/Studies Gate Terminal, LNG Final phase commercial negotiations Westpoort Amsterdam Environmental Impact Report Suape Terminal, Brazil Due diligence process 10
Slide 11: Agenda
Agenda ▢ Business Performance Q3 2007 ▢ Achievements YTD 2007 ▢ Outlook 11
Slide 12: Outlook
Outlook October 26, 2007 • Vopak will add more than 2.3 million cbm in storage capacity worldwide during 2007 and 2008; Vopak expects total capital expenditure for 2007 of between EUR 420 and 460 million, including investments for maintenance, safety and the environment. • Barring unforeseen circums
Slide 13: Outlook Summary
Outlook Summary Guidance Outlook 5 year plan EUR (mln) FY 2005 FY 2006 FY 2007 (2011) Long-term EBITDA* 253.5 309.8 475-550 EBIT** 179.7 220.9 at least 20% higher CAPEX 160.3 232 420-460 ROCE 16.5% 19.4% Around 16% Bearing Bearingininmind mind substantial substantialinvestments investments iningreen
Slide 14: Why outlook 2007 is not equal to 2 x 1H 07?
Why outlook 2007 is not equal to 2 x 1H 07? Tallin, Estonia: stagnation in the flow of products from Russia Negative US $ translation effect due to strong Euro Intensification of excellence and growth projects Divestments Timing indexation clause 14
Slide 15: 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
Slide 16: Thank you for your attention!
Thank you for your attention! 16