Royal Vopak NV · EURONEXT:VPK
Royal Vopak NV — Q1 2008 Earnings Presentation
16 slides from Royal Vopak NV's earnings presentation, Apr 22, 2008
Slide 1: Q1 2008 Trading Update
Q1 2008 Trading Update 22 April 2008 Professionals in liquid bulk logistics www.vopak.com 1
Slide 2: Agenda
Agenda ▢ Financial Performance Q1 2008 ▢ Developments YTD 2008 ▢ Outlook 2
Slide 3: Financial Performance Q1 2008
Financial Performance Q1 2008 3
Slide 4: Robust Financial Performance
Robust Financial Performance Q1 2008: EBIT excl. exceptional items increased by 17% In EUR millions Q1 07 Q1 08 ∆% EBIT 69.0 79.2 15% EBIT excl. exceptional items 67.6 79.2 17% There were no exceptional items in Q1 2008 4
Slide 5: Q1 2008: 17% increase in EBIT excluding exceptional items
Q1 2008: 17% increase in EBIT excluding exceptional items OEMEA North America 26.0 21.9 Asia 7.2 7.5 23.4 19.2 4% 19% Q1-07 Q1-08 Q1-07 Q1-08 22% CEMEA Q1-07 Q1-08 Latin America 23.1 20.3 Other 5.1 5.3 -6.1 -6.1 4% 14% Q1-07 Q1-08 Q1-07 Q1-08 Q1-07 Q1-08 5
Slide 6: Developments YTD 2008
Developments YTD 2008 | www.vopak.com 6
Slide 7: Strong demand for storage capacity
Strong demand for storage capacity Occupancy rate Q1 07 Q2 07 Q3 07 Q4 07 Q1 08 97% 96% 96% 96% 96% Capacity (in cbm, at the end of each quarter) 21,351,500 21,460,000 21,464,240 21,834,200 22,619,200 EBIT excl. exceptional items (EUR mln) 67.6 71.8 68.6 64.9 79.2 7
Slide 8: Focus on growth
Focus on growth Capacity will be increased by more than 2.7M cbm by the end of 2009 2007 Capacity 21,834,200 cbm Total net capacity increase in 785,000 cbm Q1 2008 Total YTD Capacity 22,619,200 cbm 2008 & 2009 (2.7M - 785K) +/- 1.9M cbm Gate (2011) 0.5M cbm Bahamas (In progress) 3.0M cbm Total >28.0
Slide 9: Growth by expansions in Q1 2008
Growth by expansions in Q1 2008 Projects commissioned in Q1 2008: Fujairah oil 380,000 cbm Sebarok chemicals 125,000 cbm Zhangjiagang Europoort 12,500 cbm 200,000 cbm Other projects commissioned in Q1 2008: Korea, Mexico, Thailand, Venezuela, the UK (In total: 85,000 cbm) 9
Slide 10: New announced project in Q1 2008
New announced project in Q1 2008 Vopak Terminal Vlaardingen Expansion: 60,000 cbm Division: CEMEA 10
Slide 11: Current Growth Projects
Current Growth Projects London Amsterdam Teesside Europoort Rotterdam Gothenburg Biodiesel Tallinn LNG (R’dam) Zhangjiagang Spain Bahamas Pakistan Korea Botlek pit19 Houston Vlaardingen Antwerp Caojing Fujairah Altamira Thailand Suape Vietnam Banyan Venezuela Sebarok Penjuru San Venezuela Antonio Al
Slide 12: Outlook
Outlook | www.vopak.com 12
Slide 13: Outlook EBIT 2008
Outlook EBIT 2008 March 7, 2008 Vopak expects Group operating profit excluding exceptional items to increase around 10% in 2008 (2007: EUR 272.9 million). As a consequence of the commissioning of the current expansion projects in the coming years, Vopak expects to achieve the lower end of its long-
Slide 14: Outlook Summary
Outlook Summary Guidance Outlook 5 year plan EUR (mln) FY 2006 FY 2007 FY 2008 (2011) Long-term EBITDA* 309.8 388.8 475-550 Updated to EBIT** 220.9 272.9 a minimum 2009 / 2010 increase of 10% ROCE 19.4% 25.1% Around 16% Bearing Bearingininmind mind substantial investments substantial investments ini
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