Royal Vopak : Roadshow Presentation Q3 2019

Storing

vital products with care

Q3 2019 - Roadshow Presentation

Royal Vopak

Forward-looking statement

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 outlook does not represent a forecast or any expectation of future results or financial performance.

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.

Q3 2019 Roadshow Presentation 2

Key message Capital Markets Day

• Confidence in short-term performance delivery and managing long-term value
• • Global well-diversified portfolio
  • Strong competitive position
  • Clear and robust financial framework
• Strategy execution 2017-2019 is well on track

Q3 2019 Roadshow Presentation 3

External developments 2017-2019

Structural business drivers influenced by two global trends

Storage demand drivers

• Structural demand drivers for storage of vital products, driven by growth in population and global energy consumption
• Increasing global imbalances resulting from concentration of supply and demand

Energy transition

• Facilitate the introduction of lighter, cleaner fuels
• Pursue potential infrastructure solutions for a low-carbon energy future

Competition	 Competitive landscape changed
as a result of new storage capacity
	worldwide
	 Vopak strategic capabilities of
	more importance

Digital	 Real-time data and transparent
processes are required by
transformation
customers
	 Connectivity with external
	parties

Q3 2019 Roadshow Presentation 4

Business environment update

Diversified portfolio, well positioned for future opportunities

Chemicals

Gases

Focus on operational delivery

• Growing global demand for chemicals
• Continued positive investment climate petrochemical industry

Steady cash flows

• Strong growing demand in LPG for residential and petrochemical markets
• Strong growth in LNG imports in Asia (including China)

Oil products	On track for IMO 2020 transition
	 Oil hubs: solid long-term demand
	drivers despite short-term weakness
	 Fuel oil: on track for IMO 2020
	 Import-distribution markets:
	Solid growth in markets with
	structural deficits

Vegoils	Reap the benefit of current market
& biofuels		Strong European biofuels market
		despite dependency to changes in
		government policies
		Good global vegoil demand

Q3 2019 Roadshow Presentation 5