Vopak Terminal Algeciras – Capture the Growth

Platts Mediterranean Bunker Fuel Conference

Juliana Manolova

December 3rd 2012

Contents

Introduction

The world of Vopak

Capture the growth

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The world of Vopak World’s largest independent tank storage provider

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Vopak and storage since 1616 Almost four centuries of history

Discharge of

oil barrels at

Charlois site

Rotterdam 1900

Porter early

1600

First barrels of oil in Rotterdam 1862

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Vopak focuses on a global oil hub- and distribution terminal network at all key locations

New York

Panama

Algeciras

Amsterdam

Jakarta

Rotterdam

Pengerang Singapore

Hainan

Fujairah

Feasibility study

Under construction

Existing terminal

Tallinn

Hub terminal

Distribution terminal

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Oil Hub Terminal

Shipping

Connections

Pricing Center

Trading

Liquidity Storage and

Blending Capacity

Changing Product

Specifications

Strategic

Location

Refining

Center

Intra & Inter

regional Imbalances

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Vopak Terminal Algeciras New bunker hub

- Independent storage provider

- Unlocking the market by providing infrastructure:

- Storage

- Blending

- Flexibility

- Attract new players and increase volumes

- Safe and Sustainable

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Impact Factors on Bunker Demand

Global

trade

Fleet Legislation

Technology Slow

steaming

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Bunker demand

Bunker consumption rising

Source: Port Authority of Algeciras Bay (APBA)/ Gibraltar’s Port Authority/ Spanish Ministry of Public Works

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Global Trade On average 90.000 vessels per year are passing the Straits of Gibraltar

Source: Marinetraffic.com

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Vopak Terminal Algeciras phase 1 operational Q1 2013 Initial Capacity 403.000 m³

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Under construction

Pengerang (44%)

1,284,000 cbm; oil products

Europoort (100%)

400,000 cbm; oil products

Hainan (49%)

1,350,000 cbm; oil products

Algeciras (80%)

403,000 cbm; oil products

Note: Above examples not representative of all projects under construction.

Thames Oil Port (33.3%)

500,000 cbm; oil products

Acquired (Joint Venture)

Vopak is expanding its terminals network Total storage capacity under construction 4.7 million cbm

Under construction

(Joint Venture)

Eemshaven (50%)

660,000 cbm; oil products

Commissioned

in Joint Venture

Platts Mediterranean Fuel Conference, December 3, 2012

Royal Vopak

Westerlaan 10 Tel: +31 10 4002911

3016 CK Rotterdam Fax: +31 10 4139829

The Netherlands www.vopak.com