Royal Vopak NV · EURONEXT:VPK
Royal Vopak NV — Q1 2006 Earnings Presentation
14 slides from Royal Vopak NV's earnings presentation, Apr 28, 2006
Slide 1: First Quarter 2006
First Quarter 2006 April 28, 2006
Slide 2: Today's agenda
Today’s agenda • Business performance Q1 2006 • Recent developments • Outlook 2
Slide 3: First quarter 2006: 39% EBIT increase
First quarter 2006: 39% EBIT increase EUR (mln) Q1 2006 Q1 2005 ∆% Operating profit excluding exceptional 52.8 42.2 25.1 items Exceptional items - -4.3 Operating profit (EBIT) 52.8 37.9 39.3 3
Slide 4: Q1 2006: EBIT increase in all divisions
Q1 2006: EBIT increase in all divisions 16.3 16.9 13.4 13.8 6.7 4.5 Q1 2005 Q1 2006 Q1 2005 Q1 2006 Q1 2005 Q1 2006 North America OEMEA Asia 13.1 Other 10.2 Q1 2005 Q1 2006 5.4 4.0 -3.7 -5.6 Q1 2005 Q1 2006 Q1 2005 Q1 2006 Latin America CEMEA EBIT excluding exceptional items 4
Slide 5: Today's agenda
Today’s agenda • Business performance Q1 2006 • Recent developments • Outlook 5
Slide 6: Status Vopak ITC
Status Vopak ITC • Mutual due diligence • Regulatory approvals Announce Close intention Transaction 15 February 2006 Target mid 2006 • North American Strategy • Finance Joint Venture • Start Integration Process 6
Slide 7: Vopak ITC – Main principles
Vopak ITC – Main principles • Strong and strengthened position in Houston • North American growth strategy • Integrated part of network • CEO and chairman by Vopak 7
Slide 8: Vopak Terminal Deer Park and ITC Houston Terminal - 2.4 million cbm
Vopak Terminal Deer Park and ITC Houston Terminal - 2.4 million cbm 8
Slide 9: Dutch Pension Fund
Dutch Pension Fund To strengthen the financial position of Vopak's Dutch pension fund, the company will make a net one-off contribution of EUR 30 million, in order to increase the investments of the pension fund in securities. Vopak expects this to produce a long-term reduction in its contributions
Slide 10: New terminals & expansions
New terminals & expansions London Europoort Gävle Rotterdam Zhangjiagang Vopak ITC Lanshan Coajing Fujairah Banyan Banyan Darwin Sydney Under development Under construction Delivered Biodiesel 10
Slide 11: Today's agenda
Today’s agenda • Business performance Q1 2006 • Recent developments • Outlook 11
Slide 12: Outlook (1)
Outlook (1) Coming years (March 10, 2006) Barring unforeseen circumstances, Vopak is well positioned to realise an improvement in earnings per ordinary share of around 10% per annum on average over the coming years. 2006 (April 27, 2006) Barring unforeseen circumstances, Vopak expects to achieve a g
Slide 13: Outlook (2)
Outlook (2) 2005 2006 and beyond EBITDA (mln) 253.5 Growth to 275-350 EBIT* (mln) 179.7 Around 200 (2006) EPS 1.46 an improvement of around 10% per annum on average over the coming years CAPEX (mln) 160.3 ±250 (2006) ROCE 16.5% Around 16% Excluding exceptional items 13
Slide 14: Forward-looking statement
Forward-looking statement This document contains forward-looking statements. These statements are based on currently available plans and projections. In view of the dynamics of the markets and environments of our service-oriented storage and handling activities in 29 countries we cannot give represe