Royal Vopak N : Roadshow Presentation Q3 2020

Storing

vital products with care

Q3 2020 - 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 2020 Roadshow Presentation 2

Full year 2019 key messages

• Strong EBITDA and significant increase in earnings per share
• Execution of our strategy with portfolio transformation and growing new digital capabilities
• Continued growth investments for 2020 and EUR 100 million share buyback program
• Portfolio well-positioned for future opportunities
• • Global well-diversified portfolio
  • Strong competitive position
  • Clear and robust financial framework

Q3 2020 Roadshow Presentation 3

Well-diversified portfolio

Irreplaceable and unique global asset footprint serving all liquid product value chains

• World's leading independent tank storage company
• 23 countries, 66 terminals, 300+ jetties
• Diversified customer base including all major chemical producers and global oil & gas companies
• >80% take-or-pay cash flows with multi-year commercial contracts
• Safe, reliable and efficient operator
• Very well positioned to further grow and shift towards a more sustainable and digital world

Proportional revenue per product

~10%	~10%	10-15%
~15%	20-25%
	25-30%
35-40%	25-30%
		25-30%
40-45%	40-45%	35-40%
2014	2017	2019	>2020

Proportional revenue per division

5-10%	5-10%	~10%
~15%	15-20%	~20%
~20%	20-25%
		~25%
	5-10%
		5-10%
45-50%			~10%
40-45%
~35%
2014	2017	2019	>2020

Gas

Industrial terminals Chemicals

Oil

LNG

Americas

Asia & Middle East

China & North Asia

Europe & Africa

Note: keeping market conditionals equal and only taking announced projects into account

Q3 2020 Roadshow Presentation 4