Professionals in liquid bulk logistics

Analyst’s Presentation CEMEAAntwerp July 10, 2008

Introduction

500 km1000 km

Benelux terminals: gate to Europe

Vopak Terminals CEMEA

0 1 2 3 4 5

Westway 0.39

Baltic Tank 0.40

Sea-Tank 0.44

Koole TankStorage

0.46

Oiltanking 0.53

OdfjellTerminals

0.74

RUBIS 0.77

SimonStorage

0.94

LBC 1.19

Vopak 3.39

Per Million CBM

Top 10 Independent storage providers for Chemical products

Vopak’s market share in Europe

degussa.

VOPAK HEMIKSEM

VOPAK EUROTANK

VOPAK ACSVOPAKLEFT BANK

Vopak in Antwerp Chemical cluster

Trends

Operational Excellence

0.0

5.0

10.0

15.0

20.0

Vopak CEMEA LTIR Own personnel

2004

14.0

4.2

2005

16.9

4.3

2006

9.7

1.7

2007

7.3

2.2LTIR ownpersonnel

TIR ownpersonnel

0.0

5.0

10.0

15.0

20.0

25.0

Vopak CEMEA LTIR Contractors & third parties

2004

4.3

13.0

2005

21.2

2006

4.3

15.1

2007

4.4

15.1

12.2

LTIR contractors& third parties

TIR contractors& third parties

Downward trend

Downward trend

Lost Time Injury Rate (LTIR) and Total Injury Rate (TIR) in days per million hours worked

Lost Time Injury Rate (LTIR) and Total Injury Rate (TIR) in days per million hours worked

Key facts & figures Vopak CEMEA

No. of Countries

Total CBM

No. of Terminals

6

4.149.143

18

EBIT Vopak CEMEA

0.0

10.0

20.0

30.0

40.0

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

Q12005

10.2

Q22005

10.7

Q32005

12.9

Q42005

10.8

Q12006

13.1

Q22006

14.3

Q32006

17.6

Q42006

15.7

Q12007

20.9

Q22007

23.5

Q32007

22.5

Q42007

22.4

Q12008

23.1

EBIT CEMEA (in €M)

EBIT CEMEA

ROCE

Net sales per HY CEMEA

100

110

120

130

140

150

160

170

180

1st HY 2004

120.2

2nd HY 2004

125.2

1st HY 2005

127.6

2nd HY 2005

136.3

1st HY 2006

145.9

2nd HY 2006

150.7

1st HY 2007

161.2

2nd HY 2007

163.0

Net Sales (in €M)

Net sales CEMEA

200

220

240

260

280

300

320

340

2004

245.4

2005

263.9

2006

296.6

2007

324.2

Revenue development 2004 -> 2007 in € mln

Growth Leadership

Vopak Terminal Hemiksem

Rationalization of the Business

Standic

VopakBargingEurope

Vopak Terminal Linkeroever

Capacity: 100.000 cbmTanks: 60Access: Vessel, Barge, Rail, TruckDraught: 12,5 mBerth: 1 for vessels, 2 for bargesProducts: Chemicals, OleochemicalsServices: Blending, Heating, Lab on Site,

Dedicated systems, Weighing, Nitrogen Blanketing, Stainless steel product lines

Ownership: Vopak 100 %

Belgium

Expansion projects CEMEA

Additional capacity: 40.000 cbmTanks: 16Products: ChemicalsCompletion date: Sept. 2009

Vopak Terminal ACS

Capacity: 194.000 cbmTanks: 126Access: Vessel, Barge, Rail, TruckDraught: 12,8 mBerth: 5 for vessels, 5 for bargesProducts: Chemicals, Liquid SulphurServices: Blending, Heating, Chilling, Lab on Site,

Dedicated systems, Weighing, Nitrogen Blanketing, Drumming

Ownership: Vopak 100 %

Belgium

Additional capacity: 12.770 cbmTanks: 7Products: ChemicalsCompletion date: Sept. 2007

Expansion projects CEMEA

Vopak Terminal Botlek (Zuid)

Capacity: 695.195 cbmTanks: 204Access: Vessel, Barge, Rail, Truck, PipelineDraught: 12,5 mBerth: 6 for vessels, 3 for bargesProducts: ChemicalsServices: Blending, Heating, Chilling, Dedicated

systems, Weighing, Nitrogen Blanketing, Block trains, Pipelines to local industry, Customs services

Ownership: Vopak 100 %

The Netherlands

Expansion projects CEMEA

Additional capacity: 149.000 cbmTanks: 8Products: EthanolCompletion date: April 2009

Vopak Terminal Vlaardingen

Capacity: 428.200 cbmTanks: 420Access: Vessel, Barge, Rail, TruckDraught: 13 mBerth: 3 for vessels, 11 for bargesProducts: Vegetable oils, Oleochemicals, Biodiesel

(B100/B99), MolassesServices: Blending, Heating, lab on Site, Dedicated

systems, Weighing, Nitrogen Blanketing,Drumming, Kosher & Halal storage

Ownership: Vopak 100 %

The Netherlands

Expansion projects CEMEA

Additional capacity: 60.000 cbmTanks: 18 Products: Vegoil and

BiodieselCompletion date: Q2 2009

TerquimsaTarragona

Capacity: 416.000 cbmTanks: 123Access: Vessel, Rail, Truck, PipelineDraught: 11 mBerth: 3 for vesselsProducts: Petroleum Products, Chemicals,

Vegetable oils, Oleochemicals, Liquefied Gas, Lubricating oils, Fertilizers

Services: Blending, Heating, Chilling, Weighing, Nitrogen Blanketing, Drumming

Ownership: Vopak 50 %

Spain

Expansion projects CEMEA

Additional capacity: 14.000 cbmTanks: 5 Products: ChemicalsCompletion date: 2009

Vopak Terminal Teesside

Capacity: 246.600 cbmTanks: 160Access: Vessel, Truck, PipelineDraught: 10 mBerth: 3 for vesselsProducts: Petroleum Products, Chemicals,

Vegetable oils, Liquefied Gas, BitumenServices: Blending, Heating, Dedicated systems,

Weighing, Nitrogen Blanketing, DrummingOwnership: Vopak 100 %

United Kingdom

Additional capacity: 40.000 cbmTanks: 8Products: BiodieselCompletion date: Oct. 2008

Expansion projects CEMEA

Vopak Terminal London

Capacity: 392.899 cbmTanks: 125Access: Vessel, Barge, TruckDraught: 10,4 mBerth: 3 for vesselsProducts: Petroleum Products, Chemicals,

Liquefied GasServices: Blending, Heating, Lab on Site, Dedicated

systems, Weighing, Nitrogen Blanketing, Additivation, Marking and Dyeing

Ownership: Vopak 100 %

United Kingdom

Additional capacity: 45.000 cbmTanks: 7Products: Transport

fuels and components

Completion date: 2008

Expansion projects CEMEA

Customer Leadership

• Understand market developments of our customers

• Customer satisfaction survey

• KAM

Customer leadership

Cost Leadership

• Process Optimization– Automation– Efficiency Improvements

• Energy Savings Projects

• Reduce and prevent costs of spills and claims

Cost leadership

Biofuels

Oil

Coal

Gas

BiomassNuclear

Other renewables

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

1970 1980 1990 2000 2010 2020 2030

Mto

e

Source: IEA WEO 2006

Why biofuels?

1. Increasing concern over energy supply and reduction of energy dependence

World primary energy demand

For the next decades biofuelsare seen as the only viable alternative for fossil fuels

Future of car fuels in Europe (Energy vision of ECN, Aug 2007)

Why biofuels?

2. Increasing demand for transport fuel

3. Increasing concern over environment(GHG effect on Global warming)

4. New prospects for agricultural sector

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