Royal Vopak NV

Royal Vopak explores routine debt financing opportunities

Royal Vopak explores routine debt financing opportunities

Rotterdam, the Netherlands, 18 June 2020



As part of its routine financing strategy, Vopak explores the possibilities and attractiveness of a debt financing transaction. This is part of our regular process and in line with the existing strategy and unchanged financial framework.



Profile Vopak 

Royal Vopak is the world’s leading independent tank storage company. We store vital products with care. With over 400 years of history and a focus on sustainability, we ensure safe, clean and efficient storage and handling of bulk liquid products and gases for our customers. By doing so, we enable the delivery of products that are vital to our economy and daily lives, ranging from chemicals, oils, gases and LNG to biofuels and vegoils. We are determined to develop key infrastructure solutions for the world’s changing energy systems, while simultaneously investing in digitalization and innovation. Vopak is listed on the Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands. For more information, please visit .



This press release contains inside information as meant in clause 7 of the Market Abuse Regulation.



Disclaimer

This notice is for information only, does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities of Vopak have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Act”) and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act.



For further information please contact:





Vopak Press

Liesbeth Lans, Manager External Communication,

Telephone : +31 (0)10 4002777, e-mail: Vopak analysts and investors

Laurens de Graaf, Head of Investor Relations

Telephone : +31 (0)10 4002776, e-mail:

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18/06/2020

Reports on Royal Vopak NV

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Benelux Morning Notes

Ageas: Upgrading net op. result FY26 target to >€1.5bn from €1.35bn in FY25 as M&A starts contributing / CFE: Strong 2H, flips to net cash and outlook better / Deceuninck: FY25 results in line with expectations, Türkiye a tad better / GBL: Exits Umicore fully / Vopak: Five-year SBB programme announced / Wolters Kluwer: 2025 roughly in line, good 2026 outlook

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Vopak 4Q25 in line, upgrade in cash return policy, LT OCR target upped

In line proportional EBITDA performance. Proposed cash returns (€1.8 dps) and €100m SBB exceed our expectations. Company upgrades LT OCR targets and LT cash distribution policy announcing €1.7bn returns by 2030. Proportional EBITDA26 guidance of €1150-1200m is in line with our €1187mE but a tad below €1207m CSS. Amidst all geopolitical uncertainties the report underlines the defensiveness & visibility of the business model and this amidst unfavourable FX dynamics. Buy and €50 TP reiterated.

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