Royal Vopak NV · EURONEXT:VPK
Royal Vopak NV — Investor Day (November 2007)
37 slides from Royal Vopak NV's investor day presentation, November 2007
Slide 1: Analyst Meeting Singapore
Analyst Meeting Singapore November 2007 Professionals in liquid bulk logistics www.vopak.com 1
Slide 2: Paul Govaart, Division President Asia
Paul Govaart Division President Asia 2
Slide 3: Agenda overview: Paul Govaart
Agenda overview: Paul Govaart 1. Vopak Asia – Introduction 2. Singapore 3. China 4. Asia 5. Summary of projects 3
Slide 4: Vopak's presence in Asia: a unique network covering most major ports
Vopak’s presence in Asia: a unique network covering most major ports Number 1 in Asia: 20 terminals in 10 countries Employees: 1,281 Occupancy rate 1H 2007: 97% Revenues Asia FY06: EUR 121.4 mln EBIT Asia FY06: EUR 74.9 mln 4
Slide 5: Vopak's footprint in Asia
Vopak’s footprint in Asia Australia – Sydney, Darwin Indonesia – Tanjung Priok Singapore – Banyan, Sakra, Penjuru, Sebarok Malaysia – Kertih Thailand – MapTaPhut Vietnam – Ho ChiMinh Pakistan – Karachi China – Tianjin, Caojing, Zhangjiagang, Ningbo, Xiamen, Lanshan Japan – Yokohama, Kobe, Kawasaki K
Slide 6: Occupancy rates and capacity
Occupancy rates and capacity Occupancy rates Asia 100% 98% 97% 96% 96% 96% 95% 95% 90% 2002 2003 2004 2005 2006 1H 2007 Storage capacity Asia (mln cbm) 2008 2007 2006 2005 2004 2003 2002 0 1 2 3 4 5 6 6
Slide 7: Good results in Asia
Good results in Asia Revenues Asia, (mln Euro) 150 125 100 75 50 25 0 2003 2004 2005 2006 EBIT Asia, mln Euro 100 75 50 25 0 2003 2004 2005 2006 7
Slide 8: Agenda overview: Paul Govaart
Agenda overview: Paul Govaart 1. Vopak Asia – Introduction 2. Singapore 3. China 4. Asia 5. Summary of projects 8
Slide 9: Singapore 'independent' storage scene
Singapore ‘independent’ storage scene 6 1 Penjuru 2 3 9 16 7 11 Banyan 13 10 15 14 5 12 4 10 Singapore’s 3rd party capacities 8 9 8 X 1,000,000 cbm 7 6 5 4 3 2 1 0 2005 2006 2007 2008 2009 9
Slide 10: Vopak Singapore Terminals
Vopak Singapore Terminals Penjuru Banyan Sebarok Sakra 10
Slide 11: Singapore remains the petroleum hub for Asia & Australia
Singapore remains the petroleum HUB for Asia & Australia • Forecast product balances predict continuing west to east movement, with growing role for Singapore in blending and logistic hub location • Singapore largest bunkerport in the world ( 30 M ts) • Singapore big refinery centre and to grow • Le
Slide 12: New petrochemical complexes @ Jurong
New petrochemical complexes @ Jurong • Forecast product balances predict continuing west to east movement, with growing role for Singapore in blending and logistic hub location • ExxonMobil to build 1 m. C2 cracker in Singapore (US$ 4 billion) • Shell’s US$ 3b. petrochemical complex firmly on track
Slide 13: Expansion of Banyan Terminal
Expansion of Banyan Terminal Vopak Singapore – Banyan Terminal 371.800 cbm 165.000 cbm 320.000 cbm 397.500 cbm 1.25 M 2006 2007 2008 2009 13
Slide 14: Agenda overview: Paul Govaart
Agenda overview: Paul Govaart 1. Vopak Asia – Introduction 2. Singapore 3. China 4. Asia 5. Summary of projects 14
Slide 15: Vopak in China
Vopak in China • Vopak present in China in the 1950’s with its former trading division • In 1979 Vopak and Cosco created the first Sino-Foreign JV outside China since the Cultural Revolution • Vopak was one of the first foreign companies in freight forwarding in the 1980’s in China Tianjin • Vopak i
Slide 16: China's Oil
China’s Oil 9 8 7 6 Million 5 barrels per day 4 3 2 1 0 1994 1996 1998 2000 2002 2004 2006 Consumption Production 2012 – 95.8m barrels/day World production 84m bpd (2005) Source: Energy Information Administration 16
Slide 17: Shanghai Chemical Industry Park
Shanghai Chemical Industry Park 17
Slide 18: Vopak established in Chemical storage
Vopak established in Chemical storage Division: Asia - Zhangjiagang Start of operations: Q2 2008 Capacity expansion: 72,400 cbm Products: methanol, PO, others Vopak China – Zhangjiagang Terminal 18
Slide 19: Agenda overview: Paul Govaart
Agenda overview: Paul Govaart 1. Vopak Asia – Introduction 2. Singapore 3. China 4. Asia 5. Summary of projects 19
Slide 20: Indonesia
Indonesia Kalimantan Sumatra Java 20
Slide 21: Vopak terminal serve Jakarta area
Vopak terminal serve Jakarta area Merak Tanjung Priok 21
Slide 22: Vopak Jakarta Terminal
Vopak Jakarta Terminal Jetty Undersea pipelines Tankfarm Artist impression of Vopak Jakarta Terminal 22
Slide 23: Thailand
Thailand China India THAILAND Vietnam Malaysia Indonesia 23
Slide 24: MapTaPhut Industrial Estate
MapTaPhut Industrial Estate New PTT CH I-4 Dow DOW PTT CH I-1 TOL Oil Refinery HMC TPAC ATC Bayer BPE RRC Tank Farm Buffer tank farm Solid Coal Bulk Power Port Plant Thai Tank MTT Tank Terminal Thai Tank
Slide 25: Thai Tank Terminal
Thai Tank Terminal Phase #2: Phase #3: Phase #4 : 80,850 m2 16,000 m2 64,000 m2 Phase #1: 125,700 m2 Pipe corridor: Jetty #1: 43,500 DWT 63,727 m2 Jetty #3 : 10,000 DWT Jetty #2: 80,000 DWT 25
Slide 26: Vietnam
Vietnam China India VIETNAM THAILAND Malaysia Indonesia 26
Slide 27: Vietnam's growing economy drives demand for chemical products
Vietnam’s growing economy drives demand for chemical products Vietnam Real GDP (growth, y/y) 8.8 8.7 8.6 8.5 8.5 Percentage, % 8.4 8.4 8.2 8.2 8.2 1,000 Vietnam Chemicals Imports 8 8 7.8 900 7.6 7.7 2004 2005 2006e 2007f 2008f 2009f 2010f 2011f 800 Year 700 600 ' 000 mta 500 400 300 200 100 0 2001 2
Slide 28: Vopak terminal in HoChiMinh, Vietnam
Vopak terminal in HoChiMinh, Vietnam Division: Asia - Vietnam Start of operations: Q4 2006 Capacity expansion: 40,000 cbm Products: xylene, toulene, IPA 28
Slide 29: India
Vopak India Map of Refineries in India 29
Slide 30: India has experienced steady growth in recent years
India has experienced steady growth in recent years Source: Country paper from India – India Chemicals & Petrochemicals Manufacturer’s Association 30
Slide 31: India: Trade Pattern of Oil Products
India: Trade Pattern of Oil Products (kb/d) 600 400 Net Imports 200 - (200) (400) (600) (800) (1,000) Net Exports (1,200) (1,400) LPG Naphtha Gasoline Kero/jet (1,600) Diesel Fuel Oil Other (1,800) 95 96 97 98 99 00 01 02 03 04 05 06 07 08 10 12 19 19 19 19 19 20 20 20 20 20 20 20 20 20 20 20 Source
Slide 32: Australia
Vopak Australia ~ Dampier Alice Springs” INDIAN OCEAN 0 300 600km 0 300 600 mi ; uw 7 INDONESIA 5 . ws~.* 5 : Arafura Laun Sea Tasmania lobart Howe Island and Macquarie island not shown 32
Slide 33: Sydney - Botany
Sydney - Botany • Growing fuel import volume • Terminal is connected to major pipelines 33
Slide 34: Darwin
Darwin • Fastest growing region in Australia • Driven by mining boom 34
Slide 35: Agenda overview: Paul Govaart
Agenda overview: Paul Govaart 1. Vopak Asia – Introduction 2. Singapore 3. China 4. Asia 5. Summary of projects 35
Slide 36: Summary of projects
Summary of projects Value of projects: S.Korea Euro 363.5 million BASF / PO- 5,000 cbm ZhangJiaGang Methanex / MEOH – 72k cbm Lyondell / PO – 11k cbm Caojing Bayer / Benzene – 40k cbm Pakistan Karachi Ethylene – 10,000 cbm Vietnam / HoChiMinh Thailand Chemicals – 40,000 cbm Biodiesel – 54,000 cbm Ph
Slide 37: Europe
Europe Middle East Wwww.vopak.com