21 AUGUST 2015 ANALYST PRESENTATION. HY results

Size: px
Start display at page:

Download "21 AUGUST 2015 ANALYST PRESENTATION. HY1 2015 results"

Transcription

1 21 AUGUST ANALYST PRESENTATION results

2 Forward-looking statements This presentation contains forward-looking statements, based on currently available plans and forecasts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future, and Vopak cannot guarantee the accuracy and completeness of forward-looking statements. These risks and uncertainties include, but are not limited to, factors affecting the realization of ambitions and financial expectations, developments regarding the potential capital raising, exceptional income and expense items, operational developments and trading conditions, economic, political and foreign exchange developments and changes to IFRS reporting rules. Vopak s EBITDA outlook does not represent a forecast or any expectation of future results or financial. 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, and Vopak does not undertake to publicly update or revise any of these forward-looking statements. 2 Analyst presentation 21 August

3 Highlights Analyst presentation 21 August

4 Results Terminal Network * 32.7 In million cbm EBITDA *** 408 In EUR million Occupancy Rate ** 91% Average Cash flows Operating **** 363 In EUR million * Terminal network is defined as the total available storage capacity (jointly) operated by the Group at the end of the reporting period, being storage capacity for subsidiaries, joint ventures, associates (with the exception of Maasvlakte Olie Terminal in the Netherlands which is based on the attributable capacity, being 1,085,786 cbm), and other (equity) interests, and including currently out of service capacity due to maintenance and inspection programs ; ** Subsidiaries only; *** EBITDA (Earnings Before Interest Depreciation and Amortization) excludes exceptionals and includes net result of joint ventures and associates. **** Cash flow from operating activities on a gross basis 4 Analyst presentation 21 August

5 Topics influencing results Geographical differences Currency effects 5 Analyst presentation 21 August

6 Product developments Oil Chemicals Biofuels LNG Structural imbalances, product price volatility and the current contango market supported an attractive trading environment. This development resulted in a robust demand for storage capacity at hubs and deficit markets on a global level. An encouraging chemicals industry, with feedstock flexibility playing a major role in market sentiment. Overall healthy demand for chemicals driven by, impacted by the economic slowdown in Asia and China. Biofuels demand coming purely from mandates as low crude oil prices removed incentive for discretionary blending. Vegoils Growth in the vegoils market slowed down due to lower supply in palm oil and rapeseed / sunflower oil. Increase in supply capacity put pressure on LNG prices in both the Atlantic and Pacific. Significant increase in global LNG production capacity is under construction and about to come online in the next 5 to 7 years. 6 Analyst presentation 21 August

7 Topics influencing HY2 results Asian market Commissioning new capacity Impact divestments 7 Analyst presentation 21 August

8 Analyst presentation 21 August

9 Our strategic framework Growth leadership Operational leadership Customer leadership Our Sustainability Foundation Excellent People I Environmental Care I Health and Safety I Responsible Partner 9 Analyst presentation 21 August

10 Strategic Growth 4 categories Reduce * Capex 100 EUR million Divestment Program 15 terminals Reduce * Cost base 30 EUR million * Up to and including Analyst presentation 21 August

11 Investments and divestments Finland terminals (175,400 cbm) Sweden terminals (1,260,700 cbm) Pengerang (Phase 1C) Galena park terminal 413,000 cbm (170,000 cbm) Wilmington terminals Vlissingen terminal (130,700 cbm) Note: This is only a selection of projects. 36,800 cbm Oil Chemicals Industrial Gasses Divestments 11 Analyst presentation 21 August

12 Brownfield Greenfield Divestments Brownfield Greenfield Divestments Highlights Storage capacity developments Storage capacity developments In million cbm; commissioned and under development * Year end 2019 Note: Including only projects under development estimated to be commissioned in the period up to and including * Includes the announced divestment. 12 Analyst presentation 21 August

13 Execution of the business Safety Committed to improving our personal and process safety Efficiency Continuous focus on cost management and capital efficiency Service improvement Always working on service improvements for our customers Operational excellence is core to Vopak s customer service offering 13 Analyst presentation 21 August

14 Safety Total injury rate (TIR) Total injuries per 200,000 hours worked by own employees and contractors Lost time injury rate (LTIR) Total injuries leading to lost time per 200,000 hours worked by own employees and contractors HY1 HY HY1 HY1 Process incidents # incidents Process safety event rate (PSER) Tier 1 and Tier 2 incidents per 200,000 hours worked by own employees and contractors (excluding greenfield projects) HY HY HY1 HY1 HY1 HY1 14 Analyst presentation 21 August

15 15 Analyst presentation 21 August

16 summary Revenues In EUR million EBITDA* In EUR million 649 0% +8% % +11% HY1 HY1 HY1 HY1 Net profit** In EUR million Occupancy rate*** In percent % % % 0pp 88% +3pp 91% HY1 HY1 HY1 HY1 * Excluding exceptional items; including net result from joint ventures and associates; ** Net profit attributable to holders of ordinary shares -excluding exceptional items- ; *** Subsidiaries only. 16 Analyst presentation 21 August

17 EBITDA development EBITDA development In EUR million Q3 Q4 Q3 Q4 Vopak reconfirms its outlook for to realize an EBITDA -excluding exceptional 2012 items- that exceeds the full year result (EUR 763 million) Note: EBITDA in EUR million excluding exceptional items and including joint ventures and associates 17 Analyst presentation 21 August

18 EBITDA per division EBITDA* Netherlands EMEA % % % +4% % -17% HY1 HY1 HY1 HY1 Asia Americas Non-allocated HY1 HY1-5% +9% % % HY1 HY1 HY1 HY1 HY1 HY1 Note: EBITDA in EUR million excluding exceptional items and including joint ventures and associates 18 Analyst presentation 21 August

19 FX-effect Acquisitions /Greenfields /Divestments /Pre-opex Netherlands Americas EMEA LNG Asia Other Highlights EBITDA analysis % HY1 HY1 Against FX Note: EBITDA in EUR million excluding exceptional items and including joint ventures and associates 19 Analyst presentation 21 August

20 net result of joint ventures EBITDA* Netherlands EMEA -25% +31% % +8% HY1 HY1-52% +18% HY1 HY1 Asia Americas Global LNG HY1 HY1 +49% -11% -67% % % % 16.9 HY1 HY1 HY1 HY1 HY1 HY1 Note: Amounts in EUR million; based on IFRS equity accounting *Excluding exceptional items 20 Analyst presentation 21 August

21 EBIT In EUR million HY1 In EUR million Delta In EUR million Group operating profit (18%) Net result joint ventures Incl. exceptional items (31%) EBIT incl. exceptional items (21%) Exceptional gain/loss EBIT excl. exceptional items (12%) Net profit excl. exceptional items* Earnings per share excl. exceptional items (18%) * Net profit attributable to holders of ordinary shares. 21 Analyst presentation 21 August

22 Occupancy rate developments Occupancy rate In percent Full potential playing field 90-95% 85-90% HY1 Q3 Q4 Q3 Q4 Overall healthy demand for our services Note: Subsidiaries only. 22 Analyst presentation 21 August

23 Occupancy rate per division Occupancy rate Netherlands EMEA +3pp 84% 87% +6pp 93% 89% -8pp 81% +10pp 91% 0pp +3pp 88% 88% 91% HY1 HY1 HY1 HY1 Asia Americas HY1 HY1 95% 0pp 95% -7pp 88% +1pp 90% 91% -1pp 90% HY1 HY1 HY1 HY1 Note: Subsidiaries only. 23 Analyst presentation 21 August

24 Cash flow developments Cash flow from operating activities (gross) In EUR million % HY1 Undiminished focus on free cash flow generation 24 Analyst presentation 21 August

25 Financial ratio s CFROGA* In % ROCE** In % ROE*** In % 19.5% 12.0% 11.0% 10.5% 17.3% 14.6% 13.8% 15.2% 17.1% HY1 HY1 HY1 HY1 HY1 HY1 * CFROGA is defined as the EBITDA -excl. exceptional items- minus the statutory income tax charge on EBIT divided by the average historical investment (gross assets). ** ROCE is defined as EBIT excluding exceptionals as percentage of the capital employed. *** ROE is defined as Net Profit excluding exceptionals as percentage of the Equity excluding financing preference shares and Non-controlling Interest. 25 Analyst presentation 21 August

26 Non-IFRS proportional information Proportionate EBITDA In EUR million % Cash Flow Return on Gross Assets In % Occupancy rate subsidiaries and joint ventures In % 12.2% 11.6% 11.8% 10.9% 10.3% 10.3% 92% 92% 90% 88% 88% 90% HY1 * EBITDA in EUR million excluding exceptional items 26 Analyst presentation 21 August

27 27 Analyst presentation 21 August

28 opportunities Storage capacity In million cbm Divestments Galena park terminal (170,000 cbm) Wilmington terminals (130,700 cbm) Finland terminals (175,400 cbm) 2003 FY Sweden terminals Subsidiaries Joint ventures and associates Only acting as operator Note: Including only announced projects under development estimated to be commissioned for the period 2019 and the announced divestment. (1,260,700 cbm) 28 Analyst presentation 21 August

29 Realized divestments Number of terminals 9 Number of plots of land 2 Total net cash proceeds 299 * EUR million Storage capacity 1.8 million cbm The proceeds from divestments will be used for selective opportunities and to support a consistent continuation of our dividend policy Note: including the divestment of Finland as per July. *Excluding cash outflows for tax 29 Analyst presentation 21 August

30 capital disciplined Total investments In EUR million Expansion capex** In EUR million; 100% = EUR 3,300 million 2,235 3,284 Forecasted capex ~2,900 ~400 Remaining Vopak share in capex (Group capex and equity share in JV s) ~ TBD Other capex* Expansion capex** HY Group capex spent Contributed Vopak equity share in JV s Total partner s equity share in JV s Total non recourse finance in JV s Note: Total approved expansion capex related to 5.8 million cbm under development is ~EUR 3,300 million; * Forecasted Sustaining and Improvement Capex up to and including 2016 ** Total approved expansion capex related to 5.8 million cbm under development in the period up to and including Analyst presentation 21 August

31 capital disciplined Senior net debt : EBITDA ratio Maximum ratio under other PP programs and syndicated revolving credit facility Maximum ratio under current US PP programs * HY1 Note: For certain projects in joint ventures, additional limited guarantees have been provided, affecting the Senior net debt : EBITDA; * Based on Dutch GAAP. 31 Analyst presentation 21 August

32 Analyst presentation 21 August

33 Outlook assumptions ~x% Share of EBITDA* Oil products Chemicals Industrial terminals & other pipeline connected infra Biofuels & vegoils LNG Contract duration 45-50% 20-25% 20-25% 5-7.5% 2.5% - 5% ~0-5 years ~1-5 years ~5-15 years ~0-3 years ~10-20 years Different demand drivers Steady Solid Mixed Solid Different demand drivers Steady Solid Mixed Solid Major Hubs supporting intercontinental product flows Import/distr. in major markets with structural deficits Other infra Note: Width of the boxes does not represent actual percentages; company estimates; * Excluding exceptional items, including net result from joint ventures and associates. 33 Analyst presentation 21 August

34 Outlook elements Expansions and acquisitions Divestments Productivity and organisations efficiency enhancements Fx and pension costs Uncertainties incl. phased build-up new capacity Vopak reconfirms its outlook for to realize an EBITDA -excluding exceptional items- that exceeds the full year result (EUR 763 million), whereby we currently expect that the EBITDA -excluding exceptional items- of the second half of the year will not be higher than the EBITDA of the first six months of due to the impact of divestments and the more challenging business circumstances in Asia. 34 Analyst presentation 21 August

35 Questions & Analyst presentation HY1 21 August

36 We have built our company over 400 years on trust and reliability Analyst presentation HY1 21 August Royal Vopak I Westerlaan 10 I 3016 CK Rotterdam I The Netherlands I Tel: I Fax: I

37 Analyst presentation 21 August

38 Divisional results: Netherlands EBITDA* In EUR million Q3 Q4 Q3 Q4 Occupancy rate** In percent Storage capacity In million cbm 85% 84% 82% 83% 88% 86% 88% 85% 92% 95% Q3 Q4 Q3 Q4 HY1 HY1 HY * Including net result from joint ventures and associates; excluding exceptional items; ** Subsidiaries only.. 38 Analyst presentation 21 August

39 Divisional results: EMEA EBITDA* In EUR million Q3 Q4 Q3 Q4 Occupancy rate** In percent Storage capacity In million cbm 89% 90% 88% 85% 80% 83% 85% 89% 91% 91% Q3 Q4 Q3 Q4 HY1 HY1 * Including net result from joint ventures and associates; excluding exceptional items; ** Subsidiaries only.. 39 Analyst presentation 21 August

40 Divisional results: Asia EBITDA* In EUR million Q3 Q4 Q3 Q4 Occupancy rate** In percent Storage capacity In million cbm 95% 95% 94% 94% 95% 95% 95% 93% 90% 85% Q3 Q4 Q3 Q4 HY1 HY1 * Including net result from joint ventures and associates; excluding exceptional items; ** Subsidiaries only.. 40 Analyst presentation 21 August

41 Divisional results: Americas EBITDA* In EUR million Q3 Q4 Q3 Q4 Occupancy rate** In percent Storage capacity In million cbm 91% 89% 89% 89% 91% 90% 89% 89% 89% 91% Q3 Q4 Q3 Q4 HY1 HY1 * Including net result from joint ventures and associates; excluding exceptional items; ** Subsidiaries only. 41 Analyst presentation 21 August

42 Vopak s capital structure Ordinary shares Private placement program* Syndicated revolving credit facility* Equity(-like)* Listed on Euronext Market capitalization: EUR 6.1 billion as per 3 August,. USD: 2.0 billion SGD: 225 million and JPY: 20 billion Average remaining duration ~ 8 years EUR 1.0 billion 15 banks participating Duration until February 2018 EUR 150 million drawn Subordinated loans Subordinated USPP loans: USD million Preference shares Cancelled as per January (EUR 44 million) 42 Analyst presentation 21 August

43 Debt repayment schedule Debt repayment schedule In EUR million RCF flexibility RCF drawn Subordinated US PP US PP Asian PP Other 1,200 1, Analyst presentation 21 August

TRADING UPDATE YTD Q3 2015 RESULTS ROYAL VOPAK 6 NOVEMBER 2015 ANALYST PRESENTATION

TRADING UPDATE YTD Q3 2015 RESULTS ROYAL VOPAK 6 NOVEMBER 2015 ANALYST PRESENTATION TRADING UPDATE YTD Q3 RESULTS ROYAL VOPAK 6 NOVEMBER ANALYST PRESENTATION FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements, based on currently available plans and forecasts.

More information

Annual Results 2011 Analyst presentation 29 February 2012

Annual Results 2011 Analyst presentation 29 February 2012 Annual Results Analyst presentation 29 February 2012 Forward-looking statement This document contains statements of a forward-looking nature, based on currently available plans and forecasts. Given the

More information

FY ROADSHOW PRESENTATION The world of Vopak

FY ROADSHOW PRESENTATION The world of Vopak FY ROADSHOW PRESENTATION The world of Vopak Forward-looking Statement This presentation contains forward-looking statements, based on currently available plans and forecasts. By their nature, forward-looking

More information

Q ROADSHOW PRESENTATION

Q ROADSHOW PRESENTATION ROADSHOW PRESENTATION The world of Vopak Forward-looking Statement This presentation contains forward-looking statements, based on currently available plans and forecasts. By their nature, forward-looking

More information

THE WORLD OF VOPAK HY RESULTS ROYAL VOPAK HY ROADSHOW PRESENTATION

THE WORLD OF VOPAK HY RESULTS ROYAL VOPAK HY ROADSHOW PRESENTATION THE WORLD OF VOPAK HY1 RESULTS ROYAL VOPAK FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements, based on currently available plans and forecasts. By their nature, forward-looking

More information

JACK DE KREIJ, VICE-CHAIRMAN & CFO

JACK DE KREIJ, VICE-CHAIRMAN & CFO VALUE CREATION JOINT VENTURE PARTNERSHIPS ROYAL VOPAK JACK DE KREIJ, VICE-CHAIRMAN & CFO 16 JUNE 2016 Various ceremonies with partners in Jubail, Durban, Rotterdam and Pengerang FORWARD LOOKING STATEMENTS

More information

Vopak reports on 2014

Vopak reports on 2014 Vopak reports on 2014 Rotterdam, the Netherlands, 27 February 2015 In EUR millions 2014 2013 Revenues 1,322.5 1,295.2 2% Results -excluding exceptional items- Group operating profit before depreciation

More information

HY HY

HY HY HY1 2015 32 Forward-looking statements This document contains forward-looking statements, based on currently available plans and forecasts. By their nature, forward-looking statements involve risks and

More information

Q ROADSHOW PRESENTATION The world of Vopak

Q ROADSHOW PRESENTATION The world of Vopak ROADSHOW PRESENTATION The world of Vopak Forward-looking Statements This presentation contains forward-looking statements, based on currently available plans and forecasts. By their nature, forward-looking

More information

Vopak Asia: Continuous growth

Vopak Asia: Continuous growth Vopak Asia: Continuous growth Capital Markets Day, 10 December 2013 Patrick van der Voort, Division President Asia Forward-looking statements This presentation contains forward-looking statements, based

More information

Half year results 2011

Half year results 2011 Half year results 2011 29 July 2011 Bert De Graeve, Chief Executive Officer Bruno Humblet, Chief Financial Officer Address by Bert De Graeve, Chief Executive Officer Introductory remark The consolidated

More information

Conference Call 9M 2015 Results

Conference Call 9M 2015 Results Conference Call 9M 2015 Results Joachim Kreuzburg, CEO October 20, 2015 Disclaimer This presentation contains statements concerning the future performance of the Sartorius Group and the Sartorius Stedim

More information

Metsä Board Metsä Board

Metsä Board Metsä Board Metsä Board Financial 215 Financial statements statements review review 215 Highlights in 215 Paperboard delivery volumes increased by 12% compared to 214 Operating profit improved 32% Strong operating

More information

Vopak: HY1 2013 Group operating profit -excluding exceptional items- in line with HY1 2012. restated * In EUR millions HY1 2013 HY1 2012

Vopak: HY1 2013 Group operating profit -excluding exceptional items- in line with HY1 2012. restated * In EUR millions HY1 2013 HY1 2012 oyal Vopak Westerlaan 10 3016 CK otterdam The Netherlands ress release Vopak: HY1 2013 Group operating profit -excluding exceptional items- in line with HY1 2012 otterdam, the Netherlands, 23 August 2013

More information

Statement by the Executive Board 16. Forward-looking statements 16

Statement by the Executive Board 16. Forward-looking statements 16 Royal Vopak First Half Year Report 2013 Contents Interim Management Report 3 Business highlights first half year 2013 3 Sustainability 4 People 4 Market developments 4 Storage Capacity developments 6 Risks

More information

Conference Call Preliminary Full-Year Results 2014

Conference Call Preliminary Full-Year Results 2014 Conference Call Preliminary Full-Year Results 2014 Joachim Kreuzburg, CEO January 27, 2015 Disclaimer This presentation contains statements concerning the future performance of the Sartorius Group and

More information

A X A L T A C O A T I N G S Y S T E M S. Q1 2016 FINANCIAL RESULTS April 28, 2016

A X A L T A C O A T I N G S Y S T E M S. Q1 2016 FINANCIAL RESULTS April 28, 2016 A X A L T A C O A T I N G S Y S T E M S Q1 2016 FINANCIAL RESULTS April 28, 2016 Legal Notices Forward-Looking Statements This presentation and the oral remarks made in connection herewith may contain

More information

Report of the Executive Board. In millions of EUR 2014 2013

Report of the Executive Board. In millions of EUR 2014 2013 Review Results from operating activities Revenue 19,257 19,203 income 93 226 Raw materials, consumables and services (12,053) (12,186) Personnel expenses (3,080) (3,108) Amortisation, depreciation and

More information

Second Quarter 2015 Investor Conference Call

Second Quarter 2015 Investor Conference Call Second Quarter 2015 Investor Conference Call August 20, 2015 December 13, 2012 DRAFT 5 Safe Harbor Basis of Presentation Unless otherwise noted or unless the context otherwise requires, all references

More information

Debt Investors Call First Quarter 2015. Walldorf, Germany Monday, May 4, 2015

Debt Investors Call First Quarter 2015. Walldorf, Germany Monday, May 4, 2015 Debt Investors Call First Quarter 2015 Walldorf, Germany Monday, May 4, 2015 Safe Harbor Statement Any statements contained in this document that are not historical facts are forward-looking statements

More information

Selling, general and administrative expenses 31,298 30,143 Restructuring expense 68 1,694 Other income, net (8) (88) Operating profit 12,933 11,553

Selling, general and administrative expenses 31,298 30,143 Restructuring expense 68 1,694 Other income, net (8) (88) Operating profit 12,933 11,553 Condensed interim consolidated income statement Continuing operations Revenue 237,399 256,991 Cost of sales 193,108 213,689 Gross profit 44,291 43,302 Selling, general and administrative expenses 31,298

More information

Q2 / H1 2015 results. Investor Presentation 30 July 2015

Q2 / H1 2015 results. Investor Presentation 30 July 2015 Q2 / H1 2015 results Investor Presentation 30 July 2015 Information Full year consolidated financial statements at 31 December are audited Half year financial statements are subject to limited review by

More information

Full Year Results 2012. Conference Call Presentation, 21 st March 2013

Full Year Results 2012. Conference Call Presentation, 21 st March 2013 Full Year Results 2012 Conference Call Presentation, 21 st March 2013 0 Disclaimer This presentation may contain forward-looking statements based on current assumptionsandforecastsmadebybrenntag AG and

More information

ASSA ABLOY CLEAR IMPROVEMENT IN EUROPE

ASSA ABLOY CLEAR IMPROVEMENT IN EUROPE 28 October 2005 28 October 2005 no:14 ASSA ABLOY CLEAR IMPROVEMENT IN EUROPE The interim report is published earlier than previously announced due to the change of CEO. Sales for the third quarter of 2005

More information

1Q 2016 Highlights Total volume (kmt) Adjusted EBITDA (EUR/Millions) Adjusted EPS (EUR) 1Q16 1Q15 Y-o-Y Comparison 277.8 252.9 9.9% 54.0 53.9 0.1% 0.28 0.33-15.2% Strong volume gains from both Specialty

More information

Full Year Results 2014

Full Year Results 2014 Full Year Results 2014 18 March 2015 Conference call on FY Results 2014 Corporate Finance & Investor Relations AGENDA FY 2014 results presentation Highlights 2014 Financials 2014 Outlook 2015 Appendix

More information

Fiscal Year 2016 First Quarter Results

Fiscal Year 2016 First Quarter Results Fiscal Year 2016 First Quarter Results JANUARY 19, 2016 PROPRIETARY INFORMATION - 2016 WOODWARD, INC. Today s Agenda Highlights & Market Review Financial Results & Outlook Q&A Tom Gendron Bob Weber PROPRIETARY

More information

2013 Half Year Results

2013 Half Year Results 2013 Half Year Results Erwin Stoller, Executive Chairman Joris Gröflin, Chief Financial Officer Agenda 1. Introduction and summary of first half year 2013 2. Financial results first half year 2013 3. Outlook

More information

4Q Fornebu, February 12, 2016 Luis Araujo and Svein Stoknes

4Q Fornebu, February 12, 2016 Luis Araujo and Svein Stoknes 4Q 2015 Fornebu, February 12, 2016 Luis Araujo and Svein Stoknes Agenda 4Q 2015 Introduction Luis Araujo Chief Executive Officer Financials Svein Stoknes Chief Financial Officer Q&A Session Fourth-Quarter

More information

Significant reduction in net loss

Significant reduction in net loss press release 12 May 2015 Royal Imtech publishes first quarter 2015 results Significant reduction in net loss Order intake in Q1 at a satisfactorily level of 912 million Revenue 3% down excluding Germany

More information

For the quarter ended June 30 In thousands of US Dollars Unaudited Unaudited

For the quarter ended June 30 In thousands of US Dollars Unaudited Unaudited Condensed interim consolidated income statement For the quarter ended June 30 Revenue 257,443 278,941 Cost of sales 212,830 233,978 Gross profit 44,613 44,963 Selling, general and administrative expenses

More information

GrandVision reports Revenue growth of 13.8% and EPS growth of 31.7%

GrandVision reports Revenue growth of 13.8% and EPS growth of 31.7% GrandVision reports Revenue of 13.8% and EPS of 31.7% Schiphol, the Netherlands 16 March 2015. GrandVision NV (EURONEXT: GVNV) publishes Full Year and Fourth Quarter 2015 results. 2015 Highlights Revenue

More information

Year-end Report January-December 2015

Year-end Report January-December 2015 Year-end Report January-December 20 Johan Dennelind, President & CEO Q4 20 high pace towards the new TeliaSonera Started to reduce presence in region Eurasia Continued business transformation Solid development

More information

4Q 2016 Earnings Call. February 24, 2017

4Q 2016 Earnings Call. February 24, 2017 4Q 2016 Earnings Call February 24, 2017 Note Regarding Forward-Looking Statements; Non-IFRS Measures This presentation contains certain forward-looking statements with respect to our financial condition,

More information

Health Care Worldwide. Citi - European Credit Conference September 24, 2015 - London

Health Care Worldwide. Citi - European Credit Conference September 24, 2015 - London Health Care Worldwide Citi - European Credit Conference September 24, 2015 - London Safe Harbor Statement This presentation contains forward-looking statements that are subject to various risks and uncertainties.

More information

2015 HALF YEAR RESULTS

2015 HALF YEAR RESULTS 19 AUGUST 2015 Delivering better nutrition for every step of life s journey CAUTIONARY STATEMENT This presentation contains forward-looking statements. These statements have been made by the Directors

More information

Finance income (165) (70) Finance expense 6, Foreign exchange loss (gain) 708 (1,460) Net finance costs 6,836 (1,478)

Finance income (165) (70) Finance expense 6, Foreign exchange loss (gain) 708 (1,460) Net finance costs 6,836 (1,478) Condensed interim consolidated income statement For the quarter ended September 30 Continuing operations Revenue 247,526 241,867 Cost of sales 200,994 202,207 Gross profit 46,532 39,660 Selling, general

More information

Applus+ Group Results Presentation Third Quarter 2014 November 3rd 2014

Applus+ Group Results Presentation Third Quarter 2014 November 3rd 2014 Applus+ Group Results Presentation Third Quarter 2014 November 3rd 2014 DISCLAIMER This document may contain statements that constitute forward looking statements about Applus Services, SA ( Applus+ or

More information

Management Presentation. Third Quarter 2015 Results. October 28, 2015

Management Presentation. Third Quarter 2015 Results. October 28, 2015 Management Presentation Third Quarter 2015 Results October 28, 2015 FORWARD LOOKING STATEMENTS & OTHER INFORMATION This presentation, including our 2015 Financial Outlook, contains forward-looking statements.

More information

First quarter 2012: Concentric continues to grow faster than the market with sustained margins and strong cash flow

First quarter 2012: Concentric continues to grow faster than the market with sustained margins and strong cash flow CONCENTRIC INTERIM REPORT JANUARY MARCH 2012 First quarter 2012: Concentric continues to grow faster than the market with sustained margins and strong cash flow Year on year sales growth of 10% to MSEK

More information

2010 Interim Results Wednesday 18 August 2010

2010 Interim Results Wednesday 18 August 2010 2010 Interim Results Wednesday 18 August 2010 1 Financial Results for the six months to 30 June 2010 Introduction Mohammed Sharaf, CEO Financial Review Yuvraj Narayan, CEO Outlook Mohammed Sharaf, CEO

More information

Philips Lighting reports full year operating profit margin increase of 180 basis points to 9.1% and free cash flow of EUR 418m

Philips Lighting reports full year operating profit margin increase of 180 basis points to 9.1% and free cash flow of EUR 418m Philips Lighting reports full year operating profit margin increase of 180 basis points to 9.1% and free cash flow of EUR 418m Q4 & Full Year 2016 presentation January 23, 2017 Agenda Welcome & introduction

More information

CONSOLIDATED FINANCIAL STATEMENT YEAR ENDED DECEMBER

CONSOLIDATED FINANCIAL STATEMENT YEAR ENDED DECEMBER CONSOLIDATED FINANCIAL STATEMENT YEAR ENDED DECEMBER 31 2014 BOURBONOFFSHORE.COM SUMMARY 1. Financial position statement...3 2. Statement of comprehensive income... 4 3. Statement of consolidated cash-flows...

More information

2 N D Q U A R T E R 2 0 1 6. O s l o, 1 8 J u l y 2 0 1 6

2 N D Q U A R T E R 2 0 1 6. O s l o, 1 8 J u l y 2 0 1 6 2 N D Q U A R T E R 2 1 6 O s l o, 1 8 J u l y 2 1 6 Agenda Per A Sørlie, President & CEO Highlights Business areas Outlook Per Bjarne Lyngstad, CFO Financial performance 2 Highlights 2 nd quarter 216

More information

Debt Investors Call Fourth-Quarter Walldorf, Germany Wednesday, February 10th 2016

Debt Investors Call Fourth-Quarter Walldorf, Germany Wednesday, February 10th 2016 Debt Investors Call Fourth-Quarter 2015 Walldorf, Germany Wednesday, February 10th 2016 Safe Harbor Statement Any statements contained in this document that are not historical facts are forward-looking

More information

Management Presentation. First Quarter 2015 Results. April 27, 2015

Management Presentation. First Quarter 2015 Results. April 27, 2015 Management Presentation First Quarter 2015 Results April 27, 2015 FORWARD LOOKING STATEMENTS & OTHER INFORMATION This presentation, including our 2015 Financial Outlook, contains forward-looking statements.

More information

Fiscal Year 2017 First Quarter Results

Fiscal Year 2017 First Quarter Results Fiscal Year 2017 First Quarter Results JANUARY 23, 2017 Today s Agenda Highlights & Market Review Financial Results & Outlook Q&A Tom Gendron Bob Weber Cautionary Statement Information in this press release

More information

IMCD reports strong results for 2014

IMCD reports strong results for 2014 IMCD reports strong results for 2014 Rotterdam, The Netherlands 11 March 2015 - IMCD N.V. ( IMCD or Company ), a leading international speciality chemicals-focused distributor, today announces the 2014

More information

KUKA Aktiengesellschaft

KUKA Aktiengesellschaft KUKA Aktiengesellschaft Financial Results 2015 22 March 2016 Page: 1 2015 1 the best year in KUKA s corporate history 2.8 bn Order received (27.4%) Without Swisslog +2.6% 6.6% EBIT margin 2 6.8% in 2014

More information

Third-Quarter 2012 Earnings

Third-Quarter 2012 Earnings Third-Quarter 212 Earnings Jim Gallogly, Chief Executive Officer Karyn Ovelmen, Chief Financial Officer Sergey Vasnetsov, SVP - Strategic Planning and Transactions Doug Pike, VP - Investor Relations October

More information

Fortum Corporation Financial Year February 2015

Fortum Corporation Financial Year February 2015 Fortum Corporation Financial Year 2014 4 February 2015 Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any Fortum shares.

More information

ABENGOA. 2014: Financial Review. Barbara Zubiria. 8th Annual Analyst and Investor Day. EVP, Capital Markets & IR

ABENGOA. 2014: Financial Review. Barbara Zubiria. 8th Annual Analyst and Investor Day. EVP, Capital Markets & IR Innovative Technology Solutions for Sustainability ABENGOA 2014: Financial Review Barbara Zubiria EVP, Capital Markets & IR 8th Annual Analyst and Investor Day April 3 & 4, 2014 Forward-looking Statement

More information

The world s largest independent tank storage provider for the oil and chemical industry with a global network of storage and related service

The world s largest independent tank storage provider for the oil and chemical industry with a global network of storage and related service The world s largest independent tank storage provider for the oil and chemical industry with a global network of storage and related service facilities built over 400 years on trust and reliability by

More information

Full Year 2015 Results

Full Year 2015 Results Full Year 2015 Results 16 March 2016 Conference call on FY 2015 results Corporate Finance & Investor Relations AGENDA FY 2015 results presentation Highlights 2015 Financials 2015 Outlook 2016 Appendix

More information

P R E S S R E L E A S E

P R E S S R E L E A S E P R E S S R E L E A S E from ASSA ABLOY AB (publ) 6 February 2004 No. 1/04 A STRENGTHENED ASSA ABLOY ENTERS A PHASE OF INTENSIVE DEVELOPMENT Sales in the fourth quarter increased organically with 2% to

More information

Maersk Group Q report

Maersk Group Q report Group report 2 November - Conference call 9.3am CET webcast available at www.maersk.com Forward-looking Statements page 2 This presentation contains forward-looking statements. Such statements are subject

More information

Ludwigshafen, February 25, 2014

Ludwigshafen, February 25, 2014 Ludwigshafen, February 25, 2014 Analyst Conference FY2013 Cautionary note regarding forward-looking statements This presentation may contain forward-looking statements that are subject to risks and uncertainties,

More information

ALLEGION REPORTS FOURTH-QUARTER, FULL-YEAR 2015 FINANCIAL RESULTS, PROVIDES 2016 OUTLOOK

ALLEGION REPORTS FOURTH-QUARTER, FULL-YEAR 2015 FINANCIAL RESULTS, PROVIDES 2016 OUTLOOK ALLEGION REPORTS FOURTH-QUARTER, FULL-YEAR 2015 FINANCIAL RESULTS, PROVIDES 2016 OUTLOOK Fourth-quarter 2015 earnings per share from continuing operations (EPS) of $0.74, compared with 2014 EPS of $0.37;

More information

2013 Third Quarter Review October 25, 2013 1

2013 Third Quarter Review October 25, 2013 1 October 25, 213 1 Panalpina Group October 25, 213 213 Third Quarter Review October 25, 213 2 Highlights and key figures Operating and financial review Outlook Growth in profitability and margins in the

More information

DECEMBER 2014 CAPITAL MARKETS DAY HUBS AT THE CENTER

DECEMBER 2014 CAPITAL MARKETS DAY HUBS AT THE CENTER DECEMBER 2014 CAPITAL MARKETS DAY HUBS AT THE CENTER FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements, based on currently available plans and forecasts. By their nature,

More information

FORACO INTERNATIONAL REPORTS Q3 2014

FORACO INTERNATIONAL REPORTS Q3 2014 NEWS RELEASE FORACO INTERNATIONAL REPORTS Q3 2014 Toronto, Ontario / Marseille, France Tuesday, November 4, 2014 Foraco International SA (TSX:FAR) (the Company or Foraco ), a leading global provider of

More information

Investor & Analyst Conference Call. Wiesbaden November 10, 2016

Investor & Analyst Conference Call. Wiesbaden November 10, 2016 Investor & Analyst Conference Call Wiesbaden November 10, 2016 Agenda. 1. Review Jürgen Köhler 2. Financials 9M/2016 3. Next steps Page 2 Review. Significant progress in strategic realignment and transformation

More information

Aalberts Industries Net profit and earnings per share +15%

Aalberts Industries Net profit and earnings per share +15% PRESS RELEASE 1 ST HALF YEAR 2015 Aalberts Industries Net profit and earnings per share +15% Langbroek, 13 August 2015 Highlights o Revenue EUR 1,244 million, increase +18% (organic +2%). o Operating profit

More information

IMCD reports 17% EBITA growth in the first nine months of 2016

IMCD reports 17% EBITA growth in the first nine months of 2016 Press release IMCD reports 17% EBITA growth in the first nine months of Rotterdam, The Netherlands (16 November ) - IMCD N.V. ( IMCD or Company ), a leading distributor of speciality chemicals and food

More information

FINANCIAL RESULTS Q2 2015

FINANCIAL RESULTS Q2 2015 FINANCIAL RESULTS Q2 2015 CEO CHRISTIAN RYNNING-TØNNESEN CFO HALLVARD GRANHEIM 23 July 2015 Highlights Solid underlying results (EBITDA) - Lower Nordic prices offset by increased production and contribution

More information

ASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2015 RESULTS

ASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2015 RESULTS Almere, The Netherlands October 28, 2015 ASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2015 RESULTS ASM International N.V. (Euronext Amsterdam: ASM) today reports its third quarter 2015 operating results

More information

Sapiens results in the first quarter represent a solid start to achieving our financial targets for the full year.

Sapiens results in the first quarter represent a solid start to achieving our financial targets for the full year. Sapiens Reports 12% Year-Over-Year Increase in Quarterly Revenue to $41 Million Non-GAAP Quarterly Operating Profit Increased by 58.5% Year-Over-Year Holon, Israel, May 6, 2015 Sapiens International Corporation,

More information

*See note 4 to our Summary Financial Information table below concerning our current operational and reporting structure

*See note 4 to our Summary Financial Information table below concerning our current operational and reporting structure INTERIM REPORT 1(39) Nokia Corporation Interim Report for Q1 2014 FINANCIAL AND OPERATING HIGHLIGHTS First quarter 2014 highlights for continuing operations*: Nokia s non-ifrs diluted EPS in Q1 2014 of

More information

Conference Call Q3-2015/2016 GEROLD LINZBACH, CEO I DIRK KALIEBE, CFO. February 10, 2016 ON THE RIGHT TRACK

Conference Call Q3-2015/2016 GEROLD LINZBACH, CEO I DIRK KALIEBE, CFO. February 10, 2016 ON THE RIGHT TRACK Conference Call Q3-2015/2016 GEROLD LINZBACH, CEO I DIRK KALIEBE, CFO February 10, 2016 ON THE RIGHT TRACK On the right track Heidelberg is on track - the improvement in results due to the strategic realignment

More information

Vitasoy International Holdings Limited

Vitasoy International Holdings Limited Vitasoy International Holdings Limited FY 2010/2011 Annual Results Announcement 14 th June, 2011 Disclaimer In addition to historical information, this presentation contains forward-looking statements

More information

Preliminary Q4 and FY 2015 Results

Preliminary Q4 and FY 2015 Results Preliminary Q4 and FY 2015 Results Luka Mucic CFO and COO, SAP SE Walldorf January 22 nd, 2016 01 2015 Preliminary Results SAP outpaces market with record 2015 cloud and software revenue decisively beating

More information

Tessenderlo Group HY 2015 results

Tessenderlo Group HY 2015 results Regulated information 1 Tessenderlo Group HY 2015 results Key Events Brussels, August 26, 2015 Press release - On April 10, 2015, Tessenderlo Group announced it will invest 50 million EUR at its PC Loos

More information

FINANCIAL REPORT Q2 2016

FINANCIAL REPORT Q2 2016 CRAYON GROUP HOLDING AS FINANCIAL REPORT Q2 2016 Management commentary Q2 2016 / H1 2016 Q2 2016 marked another strong quarter for Crayon with gross profit growing from MNOK 235.4 in Q2 2015 to MNOK 330.6

More information

For personal use only

For personal use only Investor Presentation 2014 Full Year Results February 2015 Presenters: Andrew Smith CEO Phillip Friery CFO 1 2014 Full Year - Key Highlights Strong profit growth, improved demographics, stable market share

More information

2Q 2013 Presentation. Amsterdam, August 7, Jo Lunder - CEO Henk van Dalen - CFO. VimpelCom Ltd 2013

2Q 2013 Presentation. Amsterdam, August 7, Jo Lunder - CEO Henk van Dalen - CFO. VimpelCom Ltd 2013 2Q 2013 Presentation Amsterdam, August 7, 2013 Jo Lunder - CEO Henk van Dalen - CFO 1 Disclaimer This presentation contains forward-looking statements, as the phrase is defined in Section 27A of the Securities

More information

Key data 2010 EUR 1,106.3 million EUR 445.3 million * EUR 270.1 million 2.08 * 3,763 80 (in 31 countries)

Key data 2010 EUR 1,106.3 million EUR 445.3 million * EUR 270.1 million 2.08 * 3,763 80 (in 31 countries) Royal Vopak Annual Report 2010 Key data 2010 Revenues EUR 1,106.3 million Group operating profit EUR 445.3 million * Net profit attributable to shareholders EUR 270.1 million Earnings per ordinary share

More information

condensed consolidated interim financial statements 2015

condensed consolidated interim financial statements 2015 January march 2015 condensed consolidated interim financial statements 2015 (unaudited) contents 1. Income Statement 1 2. Statement of Comprehensive Income 2 3. Balance Sheet 3 4. Statement of Changes

More information

SHARPENING STRATEGIC FOCUS

SHARPENING STRATEGIC FOCUS SHARPENING STRATEGIC FOCUS RESULTS FIRST HALF-YEAR 2014 August 1, 2014 Disclaimer This document contains certain statements and expectations that are forward looking, and which are based on information

More information

Earnings Release Q3 FY 2015 April 1 to June 30, 2015

Earnings Release Q3 FY 2015 April 1 to June 30, 2015 Munich, Germany, July 30, 2015 Earnings Release FY 2015 April 1 to June 30, 2015 Solid performance, softening market environment»overall our businesses delivered solid underlying profitability despite

More information

Schaeffler Group at a glance

Schaeffler Group at a glance Facts and figures First quarter 2016 Schaeffler Group at a glance Key figures Income statement (in millions) 2016 2015 Change Revenue 3,343 3,339 0.1 % at constant currency 2.4 % EBIT 421 434-3.0 % in

More information

Health Care Worldwide

Health Care Worldwide Health Care Worldwide Barclays European High Yield and Leveraged Finance Conference October 30, 2014 London Barclays European High Yield and Leveraged Finance Conference, October 30, 2014 Copyright Page

More information

Conference Call Q1-2015/2016

Conference Call Q1-2015/2016 Conference Call Q1-2015/2016 DIRK KALIEBE August 12, 2015 Highlights Q1-2015/2016 Strategic reorientation is taking effect Good order situation, improved backlog Strong revenue growth due to solid order

More information

Analyst Conference Call

Analyst Conference Call 1 st December 2015 Analyst Conference Call Dr Wolfgang Büchele - CEO Disclaimer This presentation contains forward-looking statements about Linde AG ( Linde ) and their respective subsidiaries and businesses.

More information

Analyst presentation H1 2015/16

Analyst presentation H1 2015/16 Analyst presentation H1 2015/16 Half year ended 30 September 2015 18 November 2015 Disclaimer DISCLAIMER THIS PRESENTATION may contain forward looking statements. These statements are based on current

More information

Investor Presentation 2016 Half Year Results August 2016

Investor Presentation 2016 Half Year Results August 2016 Investor Presentation 2016 Half Year Results August 2016 Presenters: Martin Earp CEO Phillip Friery CFO Contents 1. 2016 Half Year Key Highlights 2. Pillars of Growth 3. Group Financial Highlights 4. Outlook

More information

Eric Elzvik, CFO, ABB Ltd., Capital Markets Day, September 9, 2015 Next Level Stage 2 Accelerating transformation

Eric Elzvik, CFO, ABB Ltd., Capital Markets Day, September 9, 2015 Next Level Stage 2 Accelerating transformation Eric Elzvik, CFO, ABB Ltd., Capital Markets Day, Next Level Stage 2 Accelerating transformation Slide 1 Important notices Presentations given during the Capital Markets Day 2015 include forward-looking

More information

Second Quarter 2016 Update. Tuesday, July 26, 2016

Second Quarter 2016 Update. Tuesday, July 26, 2016 Second Quarter 2016 Update Tuesday, July 26, 2016 Safe Harbor Statement Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private

More information

H1 2012 I Düsseldorf, 10 August 2012. International Technology Group for Defence and Automotive

H1 2012 I Düsseldorf, 10 August 2012. International Technology Group for Defence and Automotive I Düsseldorf, 10 August 2012 International Technology Group for Defence and Automotive Rheinmetall Group Rheinmetall Group Key messages Sales increased by 9% Solid earnings: EBIT on previous year s level,

More information

TO OUR SHAREHOLDERS PROFITABLE GROWTH COURSE INTERNATIONALIZATION FURTHER EXTENDED US MARKET IN FOCUS

TO OUR SHAREHOLDERS PROFITABLE GROWTH COURSE INTERNATIONALIZATION FURTHER EXTENDED US MARKET IN FOCUS QUARTERLY STATEMENT AS OF MARCH 31, 2015 TO OUR SHAREHOLDERS Patrik Heider, Spokesman of the Executive Board and CFOO The Nemetschek Group has made a dynamic start in the 2015 financial year and continues

More information

Results Third Quarter 2012

Results Third Quarter 2012 Results Third Quarter 2012 Neil McArthur, Chief Executive Officer Renier Vree, Chief Financial Officer Amsterdam, the Netherlands, Imagine the result DISCLAIMER Statements included in this presentation

More information

Iron Mountain Incorporated Q4/2010 Financial Results

Iron Mountain Incorporated Q4/2010 Financial Results Place image here Iron Mountain Incorporated Q4/2010 Financial Results February 24, 2011 2009 Iron Mountain Incorporated. All rights reserved. Iron Mountain and the design of the mountain are registered

More information

Contact Christopher Mecray D +1 215 255 7970 Christopher.Mecray@axaltacs.com

Contact Christopher Mecray D +1 215 255 7970 Christopher.Mecray@axaltacs.com Axalta Coating Systems 2001 Market Street Suite 3600 Philadelphia, PA 19103 USA Contact Christopher Mecray D +1 215 255 7970 Christopher.Mecray@axaltacs.com For Immediate Release Axalta Releases Second

More information

2013 Second Quarter Review July 26, 2013 1

2013 Second Quarter Review July 26, 2013 1 213 Second Quarter Review July 26, 213 1 Panalpina Group Basel, July 26, 213 213 Second Quarter Review 213 Second Quarter Review July 26, 213 2 Highlights and key figures Operating and financial review

More information

GrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014

GrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014 GrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014 Schiphol, the Netherlands 18 March 2015. GrandVision N.V. publishes Full Year and Quarter 2014 results. 2014 Highlights Revenue grew

More information

Investors/Analysts Conference London/New York, February 2012 Ian Bishop

Investors/Analysts Conference London/New York, February 2012 Ian Bishop Investors/Analysts Conference London/New York, February 2012 Ian Bishop This presentation contains certain forward-looking statements. These forward-looking statements may be identified by words such as

More information

Stable market positions in the quarter; debt reduction program in progress

Stable market positions in the quarter; debt reduction program in progress Press Release 15 May 2014 Only available in English Royal Imtech publishes first quarter 2014 results Stable market positions in the quarter; debt reduction program in progress Revenue in the first quarter

More information

Financial performance

Financial performance Press Release 15 May 2014 Royal Imtech publishes first quarter 2014 results Stable market positions in the quarter; debt reduction program in progress Revenue in the first quarter of 1,120 million euro

More information

Q presentation. Oslo, 9 May 2016

Q presentation. Oslo, 9 May 2016 Q1 2016 presentation -- Oslo, 9 May 2016 B2 Holding current status Highlights for the first quarter B2Holding has established itself as one of the leading players in the markets where the Group operates

More information

Spectra Energy Reports First Quarter 2009 Results

Spectra Energy Reports First Quarter 2009 Results Media: Analysts: Wendy Olson (713) 627-4072 (713) 627-4747 (24-hour media line) John Arensdorf (713) 627-4600 Date: May 5, 2009 Spectra Energy Reports First Quarter 2009 Results Reported net income (controlling

More information

Consolidated sales of 6,347 million euros, up 10% on a like-for-like basis (7% as reported)

Consolidated sales of 6,347 million euros, up 10% on a like-for-like basis (7% as reported) 14.18 Order intake surged 25% to 9.1 billion euros Sales came in at 6.3 billion euros, up 10% like for like (7% as reported) Operating margin (1) up 15% to 442 million euros, or 7.0% of sales Net income

More information