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Professionals in liquid bulk logistics
www.vopak.com
Analyst Meeting Singapore November 2007
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Paul GovaartDivision President Asia
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Agenda overview: Paul Govaart
1. Vopak Asia – Introduction
2. Singapore
3. China
4. Asia
5. Summary of projects
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Vopak’s presence in Asia:a unique network coveringmost 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
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Vopak’s footprint in AsiaAustralia
– Sydney, DarwinIndonesia
– Tanjung PriokSingapore
– Banyan, Sakra, Penjuru, SebarokMalaysia
– KertihThailand
– MapTaPhutVietnam
– Ho ChiMinhPakistan
– KarachiChina
– Tianjin, Caojing, Zhangjiagang, Ningbo, Xiamen, Lanshan
Japan– Yokohama, Kobe, Kawasaki
Korea– Ulsan
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Occupancy rates and capacityOccupancy rates Asia
96% 96%95%
96%
98%97%
90%
95%
100%
2002 2003 2004 2005 2006 1H 2007
Storage capacity Asia (mln cbm)
0 1 2 3 4 5 6
20022003
200420052006
20072008
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Good results in Asia
EBIT Asia, mln Euro
0
25
50
75
100
2003 2004 2005 2006
Revenues Asia, (mln Euro)
0
25
50
75
100
125
150
2003 2004 2005 2006
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Agenda overview: Paul Govaart
1. Vopak Asia – Introduction
2. Singapore
3. China
4. Asia
5. Summary of projects
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Singapore ‘independent’ storage scene
5
3
11 16
14
1
1513
2
4
6
10
12
8
79
Penjuru
Banyan
0123456789
10
2005 2006 2007 2008 2009
X 1,
000,
000
cbm
Singapore’s 3rd party capacities
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Vopak Singapore Terminals
Sebarok
Banyan
Penjuru
Sakra
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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
• Legislative & physical environment supports trading community
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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
• Jurong Aromatics to construct US$ 2 billion refinery & Aromatics complex
• New downstream industries emerging
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Vopak Singapore – Banyan Terminal
Expansion of Banyan Terminal
2006 2007 2008 2009
371.800 cbm 165.000 cbm 320.000 cbm 397.500 cbm1.25 M
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Agenda overview: Paul Govaart
1. Vopak Asia – Introduction
2. Singapore
3. China
4. Asia
5. Summary of projects
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Ningbo
Lanshan
Xiamen
Tianjin
• 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
• Vopak is the first and largest international tank terminal operator in China:
• Ningbo Terminal in 1993
• Xiamen Terminal in 1994
• Lanshan Terminal in 2000 (acquisition)
• Tianjin Terminal in 2003 (acquisition)
• Caojing Terminal in 2004
• Zhangjiagang Terminal in 2007
Zhangjiagang
Guangzhou
Vopak and the Vopak Joint Ventures employs 600 people and handles 6 millions MTPA with a capacity of 880,000 cubic meter in China
ShanghaiCaojing
Nanjing
Vopak in China
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China’s Oil
0123456789
Million barrels per day
1994 1996 1998 2000 2002 2004 2006
Consumption Production2012 – 95.8m barrels/dayWorld production 84m bpd (2005)
Source: Energy Information Administration
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Shanghai Chemical Industry Park
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Vopak established in Chemical storage
Vopak China – Zhangjiagang Terminal
Division: Asia - ZhangjiagangStart of operations: Q2 2008Capacity expansion: 72,400 cbmProducts: methanol, PO, others
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Agenda overview: Paul Govaart
1. Vopak Asia – Introduction
2. Singapore
3. China
4. Asia
5. Summary of projects
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Indonesia
JavaJava
SumatraSumatraKalimantanKalimantan
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Tanjung PriokMerak
Vopak terminal serve Jakarta area
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Vopak Jakarta Terminal
Tankfarm
Jetty
Artist impression of Vopak Jakarta Terminal
Underseapipelines
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Thailand
India
China
Indonesia
Malaysia
THAILANDVietnam
MapTaPhut Industrial Estate
Thai Tank
Thai Tank
Dow
BayerATC
PTT CH I-1
PTT CH I-4
MTT Tank Terminal
Solid Bulk Port
Oil Refinery
Buffer tank farm
Coal Power Plant
RRC Tank Farm
HMC
TOL
BPE
TPAC
New DOW
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Phase #2: 80,850 m2
Pipe corridor: 63,727 m2
Jetty #1: 43,500 DWT
Jetty #2: 80,000 DWT
Jetty #3 : 10,000 DWT
Phase #3: 16,000 m2
Phase #1: 125,700 m2
Phase #4 : Phase #4 : 64,000 m264,000 m2
Thai Tank Terminal
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Vietnam
India
China
Indonesia
Malaysia
THAILANDVIETNAM
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Vietnam’s growing economy drives demand for chemical products
Source: Vietnam Chamber of Commerce and Industry
Vietnam Real GDP (growth, y/y)
7.7
8.4
8.2
8.5
8.7
8.5
88.2
7.6
7.8
8
8.2
8.4
8.6
8.8
2004 2005 2006e 2007f 2008f 2009f 2010f 2011fYear
Perc
enta
ge, %
Vietnam Chemicals Imports
0
100
200
300
400
500
600
700
800
900
1,000
2001 2002 2003 2004 2005 2006Year
' 000
mta
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Vopak terminal in HoChiMinh, Vietnam
Division: Asia - VietnamStart of operations: Q4 2006Capacity expansion: 40,000 cbmProducts: xylene, toulene, IPA
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India
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India has experienced steady growth in recent years
Source: Country paper from India – India Chemicals & Petrochemicals Manufacturer’s Association
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India: Trade Pattern of Oil Products
(kb/d)
(1,800)(1,600)(1,400)(1,200)(1,000)
(800)(600)(400)(200)-200400600
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2010
2012
LPG Naphtha Gasoline Kero/jetDiesel Fuel Oil Other
Net Exports
Net Imports
Source: FACTS
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Australia
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Sydney - Botany
• Growing fuel import volume• Terminal is connected to major pipelines
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Darwin
• Fastest growing region in Australia• Driven by mining boom
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Agenda overview: Paul Govaart
1. Vopak Asia – Introduction
2. Singapore
3. China
4. Asia
5. Summary of projects
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SingaporeBanyan; Phase 3 – 320k cbm
Shell – 7.5k cbmPhase 4 – 390k cbm
Penjuru; Phase 1 – 22k cbmSebarok; 216k cbm
Summary of projects
S.KoreaBASF / PO- 5,000 cbm
AustraliaDarwin – 11k cbmSydney site B – 83k cbm
Indonesia / JakartaPhase 1 – 250,000 cbm
ThailandBiodiesel – 54,000 cbmPhenol – 10,000 cbm
Vietnam / HoChiMinhChemicals – 40,000 cbm
Pakistan KarachiEthylene – 10,000 cbm
ZhangJiaGangMethanex / MEOH – 72k cbmLyondell / PO – 11k cbmCaojingBayer / Benzene – 40k cbm
Recently commissionedAnnounced
Under construction
Value of projects:
Euro 363.5 million
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