The Rubis Terminal JV successfully integrated Spanish storage leader Tepsa and again demonstrated resilient growth with a 41% increase in EBITDA[5] to EUR61m (+5% on a pro forma[6] basis) vs. EUR43m in H1 2020 and EUR41m in H1 2019. The good performance of biofuels and chemicals, together with the increase in capacity in the ARA region and a high capacity utilisation rate (95%), supported the growth in EBITDA. Overall, the share of net income from JV (EUR1.2m) was down after the effect of PPA (purchase price allocation) amortisations related to the 2020 acquisitions and higher financial charges in line with the existing debt structure.

ESG - Highlights

Rubis continues its actions in the field of energy transition and is fully integrating CSR issues into its activities, in particular by:

-- the launch of a study to accelerate the decarbonisation of its activities, including the setting of aninternal carbon price;

-- the publication of its first CSR roadmap 2022-2025 built around three axes and including 19 indicators (https://www.rubis.fr/fr/rse/la-demarche-rse-de-rubis);

-- joining the United Nations Global Compact in August 2021.

Webcast for the investors and analysts

Date : Thursday 9 September 2021, 5:30pm

Participants:

-- Jacques Riou, Managing Partner

-- Bruno Krief, CFO

-- Clarisse Gobin-Swiecznik, Managing Director

-- Jean-Christian Bergeron, Managing Director East Africa

Link to register for the webcast : https://channel.royalcast.com/rubisfr/#!/rubisfr/20210909_1

Next publications:

Publication of Q3 2021 trading update: 9 November 2021 (after market)

About Rubis

Rubis, listed on Euronext Paris with a market capitalisation of nearly EUR3.5 billion at the end of August 2021 (SBF 120), specialises in the distribution of energy and bitumen, from supply to the end customer, and, through its JV Rubis Terminal, in the storage of liquid products.

Rubis has a strong position in the distribution of liquefied gases, considered in emerging markets as transitional energy, and bitumen, focusing on infrastructure projects in West Africa.

With a 2020 revenue of 3.9 billion euros and distributed volumes of 5 million m3, the Group is recognised in the market for its know-how and the quality of its services.

Its international development strategy enables the Group to hold strong market positions in diversified products and segments in 41 countries in three geographical areas: Africa/Indian Ocean, Caribbean and Europe. Over the past ten years, Rubis has achieved a 9% compound annual growth rate in earnings per share and dividend per share. 


Press contact                            Analyst contact 
PUBLICIS CONSULTANTS - Aurélie Gabrieli  RUBIS - Anna Patrice, Head of IR 
Tel: +(33) 1 44 82 48 33                 Tel: +(33) 1 45 01 72 32 
aurelie.gabrieli@publicisconsultants.com investors@rubis.fr

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[1] Unit margin = gross profit per unit of distributed volumes at constant scope

[2] Operational cash flow before changes in working capital (French "Capacité d'autofinancement") = cash flow after taxes and net interest costs and before change in working capital

[3] Significant non-recurring items in the first half of 2020 mainly relate to the capital gain on the disposal of 45% of Rubis Terminal for EUR83m, the impairment of assets in Haiti for EUR46m, and an impairment of financial assets for EUR17m net of tax.

[4] Operational cash flow before changes in working capital (French "Capacité d'autofinancement") = cash flow after taxes and net interest costs and before change in working capital

[5] Including JV Antwerp at 50 %.

[6] Pro-forma = including Tepsa as of 01.01.2020

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Regulatory filing PDF file File: RUBIS: Ongoing normalisation of the results - growth drivers intact 


=---------------------------------------------------------------------- 
Language:        English 
Company:         RUBIS 
                 46, rue Boissière 
                 75116 Paris 
                 France 
Phone:           +33 144 17 95 95 
Fax:             +33 145 01 72 49 
E-mail:          communication@rubis.fr 
Internet:        www.rubis.fr 
ISIN:            FR0013269123 
Euronext Ticker: RUI 
AMF Category:    Inside information / News release on accounts, results 
EQS News ID:     1232483 
 
End of Announcement  EQS News Service 
=------------------------------------------------------------------------------------

1232483 09-Sep-2021 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1232483&application_name=news

(END) Dow Jones Newswires

September 09, 2021 11:35 ET (15:35 GMT)