2017 Half-year Results

Transcription

1 2017 Half-year Results

2 A MULTI-LOCAL SPECIALIST STORAGE RETAIL DISTRIBUTION SUPPORT AND SERVICES OF FUEL PRODUCTS 2

3 KEY FACTS As of june 30, 2017 Purchase of Dinasa and of its subsidiary Sodigaz, leading distributor of fuel products in Haiti Purchase of the 50% remaining shares of Delta Rubis Petrol (taking the group s interest to 100%) becoming Rubis Terminal Petrol Key facts Key figures Storage Fuel distribution Support and Services Outlook 3

4 KEY FIGURES As of June 30,

5 CONSOLIDATED DATA (in M) Revenue EBITDA EBIT Net profit, Group s share 1,453 1, % +12% +10% +34% +20% Constant scope +2% Constant scope 0% Constant scope +8% Constant scope 5

6 CONSOLIDATED DATA (in M) Capital expenditure Shareholder s equity Net financial debt 80 2, , /12/ /12/ A SOUND FINANCIAL STRUCTURE DEBT / EBITDA (past 12-months, adjusted for purchases of Repsol and Galana in July): 1.4 DEBT / EQUITY:

7 CONSOLIDATED DATA (in M) Net financial position as of December 31, 2016 (228) Cash flow 189 Change in working capital (79) Rubis Terminal capex (27) Rubis Énergie capex (44) Rubis Support and Services capex (9) Net acquisition of financial assets (282) Change in loans and deposit including and other items 1 Dividend paid out to shareholders and minority interest (112) Increase in shareholder s equity 114 Impact of change in scope and exchanges rates (12) Net financial position as of June 30, 2017 (489) 7

8 RUBIS TERMINAL BULK LIQUID STORAGE Fuels Fertilizers Chemicals Edible oils / Molasses Key facts Key figures Storage Fuel distribution Support and Services Outlook 8

9 RUBIS TERMINAL - STORAGE CAPACITY (in thousands cubic meter) 131 Brest 756 Rouen 475 Dunkirk 197 Rotterdam 160 Antwerp Strasbourg Reichstett Village-Neuf (Mulhouse) Europe: 2.87 million de m 3 Turkey: 0.65 million de m 3 TOTAL: 3.52 million de m 3 St-Priest Villette-de-Vienne Salaise-sur-Sanne Ceyhan (Turkey) 650 Corsica 37 Capacity geographical breakdown ( 000 cbm) Fuels Fertilizers Molasses Chimicals Edible oils Key facts Key figures Storage Fuel distribution Support and Services Outlook 9

10 RUBIS TERMINAL STORAGE BUSINESS GLOBAL PERIMETER INCLUDING 100% ANTWERP (JOINT-VENTURE) STORAGE REVENUE : 97 MILLION (+11%) DISTRIBUTION REVENUE : 85 MILLION (+8%) FUELS CHIMICALS FERTILIZERS EDIBLE OILS AN MOLASSES CHANGE IN STORAGE REVENUES +7% France fuel : +5% Rotterdam heavy fuel : +3% Turkey : fgdsgfdgds +19% (strong activity in Iraq) +29% Rotterdam and Antwerp : +30% (effect of capacity expansions in in Northern Europe) France : ifddgfgdfgdfg dn +10% (new contracts) +8% Stable at high level -15% Base 2016 effect BREAKDOWN OF CAPACITIES 77% 11% 7% 6% Key facts Key figures Storage Fuel distribution Support and Services Outlook 10

11 RUBIS TERMINAL - CONSOLIDATED DATA (in M) Revenue EBITDA EBIT % +39% 31% 11

12 RUBIS TERMINAL STORAGE BUSINESS CHANGE IN EBIT INCLUDING 50% ANTWERP (JOINT-VENTURE) (in M) France Storage Wholesale Rotterdam (excl. non-recurring items) Antwerp (50 %) and Turkey (50 %) -3% +13% +80% New perimeter: Turkey (50%) RP: +24% CS: + 7% 12

13 RUBIS TERMINAL KEY FIGURES (in M) Cash flow Capital expenditure % Key facts Key figures Storage Fuel distribution Support and Services Outlook 13

14 RUBIS ÉNERGIE FUEL DISTRIBUTION Motor gas stations Commercial and industrial fuels LPG Aviation marine Lubricants Bitumen 14

15 RUBIS ÉNERGIE: VOLUMES GEOGRAPHICAL BREAKDOWN Bermuda Western Caribbean Eastern Caribbean 2 Antilles French Guiana 2 Jamaica 1 Haiti 20% Retail distribution all products Nearly 4.2 million cbm France Spain Portugal 1 1 Channel Islands Suisse 53% Djibouti Morocco Botswana Swaziland Reunion Togo Madagascar South Africa Nigeria 28% 2 Lesotho 1 Senegal 1 Comoros LPG (28%) Fuel (66%) Bitumen (6%) Market position 15

16 RUBIS ÉNERGIE: KEY FIGURES RETAIL DISTRIBUTION Volumes retailed ( 000 cbm) Gross margin (in M) 1,694 1, % +2% Constant scope +9% +3% Constant scope 16

17 RUBIS ÉNERGIE: DISTRIBUTION BUSINESS CHANGE IN VOLUMES RETAIL DISTRIBUTION (EXCLUDING NON-RECURRING ITEMS) (in 000 cbm) , Europe constant Europe (exit from Caraïbes constant Caraïbes (new Africa scope +1% scope-multigas) scope +2% perimeter-haiti) +10% Adjusted strike in French Guiana and EDF Martinique +45 1,833 RP: +8% CS: +4% 17

18 RUBIS ÉNERGIE: SUPPLY PRICES PROPANE IN USD / TONNE J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J Cotation in USD: +41% Semester 2017 vs 2016 Unit margin all products at constant scope: +2% 18

19 RUBIS ÉNERGIE: RETAIL DISTRIBUTION CHANGE IN EBIT BY GEOGRAPHICAL AREA (in M) (0.8) Europe constant Europe (exit from Caribbean scope -11% perimeter- Multigas) constant scope -1% Caribbean (new scope-haiti) Africa RP: +13% CS: +6% +33% 19

20 RUBIS ÉNERGIE: KEY FIGURES (in M) Cash flow Capital expenditure % 20

21 RUBIS SUPPORT AND SERVICES Shipping Supply Refining (Sara) Trading 21

22 RUBIS SUPPORT AND SERVICES CHANGE IN EBIT BY ACTIVITY (in M) Sara CS Fuel-trading-shipping Bitumen-tradingshipping -2% Caribbean -2% +3% Exclu. Non-recurring: -19% 22

23 RUBIS SUPPORT AND SERVICES: KEY FIGURES (in M) Cash flow Capital expenditure % 23

24 2017 OUTLOOK 24

25 Photos credits: Christophe Bogula Clarisse Gobin Rubis Gilles Dacquin T h e w i l l t o u n d e r t a k e, t h e c o r p o r a t e c o m m i t m e n t