Stolt-Nielsen Limited · OSL:SNI
Stolt-Nielsen — Pareto Conference 2022
14 slides from Stolt-Nielsen's conference presentation, Sep 15, 2022
Slide 1: Stolt-Nielsen Limited | Pareto Conference Investor Presentation
Stolt-Nielsen Limited | Pareto Conference Investor Presentation Jens F. Grüner-Hegge — Chief Financial Officer September 15, 2022
Slide 2: Forward-Looking Statements
Forward-Looking Statements Included in this presentation are various “forward-looking statements”, including statements regarding the intent, opinion, belief or current expectations of the Company or its management with respect to, among other things, (i) goals and strategies, (ii) plans for new dev
Slide 3: Stolt-Nielsen at a Glance
Stolt-Nielsen at a Glance World’s leading liquid chemical logistics provider LOGISTICS BUSINESSES AQUACULTURE Stolthaven Stolt Tank Stolt Tankers Stolt Sea Farm Investments Terminals Containers $2.5bn $646m 1/2 LTM Revenue LTM EBITDA $1.2bn c.6,600 ▪ Leading global provider of ▪ Global provider of s
Slide 4: 1H22 Highlights | Firing On All Cylinders
1H22 Highlights | Firing On All Cylinders 1H22 vs. 1H21 ▪ Net profit of $110.9m, up from $10.3m in 1H22 OPERATING REVENUE EBITDA ▪ EBITDA of $334.9m, up from $225.9m driven by $ 1,295.3m p $ 334.9m p • Stolt Tankers higher spot volumes and freight rates $ 1,007.1m $ 225.9m • Stolthaven Terminals hig
Slide 5: Resilient and Diversified Businesses
Resilient and Diversified Businesses Operating Profit by Business 50 45 41 40 40 36 32 USD millions 30 28 25 26 25 24 23 22 20 19 20 20 19 19 18 20 18 16 13 13 14 13 13 12 11 10 8 8 8 7 6 5 4 1 1 0 (1) (5) -10 (9) Tankers Terminals Tank Containers Sea Farm Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q
Slide 6: Financial KPIs | Steady and Healthy Improvement
Financial KPIs | Steady and Healthy Improvement Debt to Tangible Net Worth | Maximum 2.00:1.00 EBITDA to Interest Expense (LTM*) | Minimum 2.00:1.00 3,500 1.59x 1.80 900 6.00 1.50x 4.80x 1.44x 1.60 800 4.66x 3,000 1.35x 4.22x 5.00 1.32x 1.40 700 3.91x 2,500 3.70x USD millions 600 4.00 USD millions 1
Slide 7: Stolt-Nielsen Strategy
Stolt-Nielsen Strategy Mission: “to provide growing long-term cash flow to our shareholders” STRATEGIES Sustainable and expanding Stolt Tankers IPO to facilitate EBITDA consolidation and growth Grow in the terminal market Invest in organic growth, greenfield development and acquisitions Grow in the
Slide 8: Environmental Sustainability Ambition
Environmental Sustainability Ambition Our commitment Our focus areas “We are committed to making the UN Global Compact and its principles part of the strategy, Taking urgent action to combat climate change and its impacts. culture and day-to-day operations of our company, and to engaging in collabor
Slide 9: Stolt Tankers – Our Decarbonisation Ambition
Stolt Tankers – Our Decarbonisation Ambition Decarbonisation timeline Industry standard Recent 12 months ➢50% emissions intensity reduction reference year (IMO) rolling average 2008 Aug 2022 2030 15.68 10.89 7.84 𝒈 𝑪𝑶𝟐 𝒈 𝑪𝑶𝟐 𝒈 𝑪𝑶𝟐 𝑴𝑻 × 𝑵. 𝑴𝒊𝒍𝒆 𝑴𝑻 × 𝑵. 𝑴𝒊𝒍𝒆 𝑴𝑻 × 𝑵…
Slide 10: Chemical Markets Outlook
Chemical Markets Outlook | Probability of Global Slowdown is Increasing, However Chemical Logistics Fundamentals Remain Supportive ▪ Expectations of slower growth in 2022-2023 – hampered by high World Seaborne Chemicals Trade | Annual % Change inflation, slowing real GDP growth and rapidly tightenin
Slide 11: Market Highlights | Strong Spot Market Driving Future Earnings
Market Highlights | Strong Spot Market Driving Future Earnings ▪ Changing product flows and limited supply have resulted in higher MR spot rates – swing tonnage is moving out of chemicals Expanding the fleet with… Post-transaction ST Fleet… ▪ Positive momentum continuing to build across all major ch
Slide 12: Dividend Policy: Focused on Delivering Cash Returns
Focused on Delivering Cash Returns ▪ Objective is to deliver steady cash returns to Strong Historical Cash Returns shareholders ▪ Two key variables stipulated in the dividend policy determine the level of dividend: >$1.0bn Cumulative dividends returned to shareholders since 2000 Dividend Policy Curr
Slide 13: Key Messages
Key Messages Strength in performance across all businesses… …However, macro drivers point towards risks ▪ Quarterly performance at multi-year highs across ▪ Inflation has risen sharply STC, SHVN and SSF ▪ Limited capacity within oil & gas, high commodity ▪ Businesses delivering on their strategies w
Slide 14: Q&A
Q&A Stolt-Nielsen