third quarter 2006 results - vopak › ... › analyst_presentation_q3_2006.pdf · 4 q3 2006: 12...
TRANSCRIPT
1
Third Quarter 2006 Results
Jack de Kreij (CFO)
November 3, 2006
2
Today’s agenda
• Business performance Q3 2006
• Recent developments
• Outlook
3
Q3 2006: EBIT increase
0.2-1.5Exceptionals
2657.545.6EBIT excl. exceptionals
3157.744.1EBIT incl. exceptionals
∆%Q3 2006Q3 2005EUR (mln)
4
Q3 2006: 12 mln increase in EBIT*
CEMEA
Asia
Latin America
North AmericaQ3 2005 Q3 2006
OEMEA
12.917.6
15.717.8
6.25.4
3.84.1
14.4
18.8
*EBIT excluding exceptional items
-6.8 -6.8
Other
Q3 2005 Q3 2006 Q3 2005 Q3 2006
Q3 2005 Q3 2006 Q3 2005 Q3 2006
Q3 2005 Q3 2006
5
Division: Chemicals EMEA
“Considerable improvement in results”
* Excluding exceptional items
10,812,910,710,2 13,1 14,3 17,6
02468
101214161820
Q1 Q2 Q3 Q4
20052006
EBIT* (mln)
6
Division: Oil EMEA
“Actively addressing the oil market imbalance”
* Excluding exceptional items
14,215,714,313,4 16,3 15,4 17,8
02468
101214161820
Q1 Q2 Q3 Q4
20052006
EBIT* (mln)
7
Division: Asia
“Expansion continues in major growth region”
* Excluding exceptional items
16,814,414,913,8 16,9 20,0 18,8
02468
101214161820
Q1 Q2 Q3 Q4
20052006
EBIT* (mln)
8
Division: North America
“Actively addressing rising demand”
* Excluding exceptional items
5,85,44,94,5 5,46,7 6,202468
101214161820
Q1 Q2 Q3 Q4
20052006
EBIT* (mln)
9
Division: Latin America
“Phased network expansion”
* Excluding exceptional items
5,03,83,54,0 5,05,4 4,102468
101214161820
Q1 Q2 Q3 Q4
20052006
EBIT * (mln)
10
Today’s agenda
• Business performance Q3 2006
• Recent developments
• Outlook
11
Building for future growth
Europoort
Antwerp
Zhangjiagang
Construction
Sydney
Gävle
Fujairah
Announced investigation
Amsterdam
Banyan
Lanshan
LNG (R’dam)
Darwin Biodiesel
Sebarok
Banyan Biodiesel
CaojingAltamira
Venezuela
London
Rotterdam Biodiesel
Botlek
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19
20
21
22
23
2004 2005 2006 2007 2008
Mill
ions
Indication of capacity in 2004 - 2008
Addition
Capacity
¦¦
¦¦¦¦
¦¦
¦¦¦¦
13
Today’s agenda
• Business performance Q3 2006
• Recent developments
• Outlook
14
Outlook EBIT* 20062006 (April 27, 2006)Barring unforeseen circumstances, Vopak expects to achieve a group operating profit of around EUR 200 million excluding exceptionalitems for the whole of 2006 (2005: EUR 179.7 million). Excluded from this outlook are the financial and reporting impacts of the merger of the North American activities in the Vopak ITC joint venture, which is subject to antitrust clearance.
2006 (September 1, 2006)Barring unforeseen circumstances, Vopak expects its group operating profit excluding exceptional items for the second half of 2006 to be comparable to that for the first half.
2006 (November 3, 2006)Barring unforeseen circumstances, Vopak expects to achieve a group operating profit of around EUR 220 million, excluding exceptional items, for the whole of 2006.Unforeseen circumstances include, but are not limited to, exceptional income and expense items, unexpected economic, political and foreign exchange developments, and possible changes to IFRS reporting rules.
* excluding exceptional items
15
Outlook summary
Around 16%
±250 (2006)
An improvement of around 10% per annum on average over the coming years
Expected group operating profit excluding exceptional items for the year 2006 around EUR 220 mln
Growth to 275-350
2006 and beyond
16.5%ROCE
160.3CAPEX (mln)
1.46EPS
179.7EBIT* (mln)
253.5EBITDA (mln)
2005
* excluding exceptional items
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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 accuracy and completeness of such statements.
Unforeseen circumstances include, but are not limited to, exceptional income and expense items, unexpected economic, political and foreign exchange developments, and possible changes to IFRS reporting rules.
Statements of a forward-looking nature issued by the company must always be assessed in the context of the events, risks and uncertainties of the markets and environments in which Vopak operates. These factors could lead to actual results being materially different from those expected.
Forward-looking statement