Post on 26-Jun-2015
description
CLH Group Corporate Presentation
2
Agenda
CLH's shareholder Activities and services Logistic resources and infrastructure Pricing system Main figures Future perspectives
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Agenda
CLH's shareholder Activities and services Logistic resources and infrastructure Pricing system Main figures Future perspectives
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CLH's equity ownership
CLH's shareholder base is very diversified, guaranteeing independent management
Operators with refining capacity in Spain
Operators Financial investors
CLH Group's management according to two main principles
• Service quality with competitive prices
• Profitability and efficiency
In accordance with the Hydrocarbon Sector Act, the shareholding position of operators with refining capacity should never exceed 45%
Composition of CLH's
shareholders fosters price
competitiveness and profitability
Limits on CLH's shareholder composition guarantee its independence
5.00
10.00
Others
10,00
5,00
5,00
5,00
5,00 5,00
0,85
5,00
14,15
10,00
BP Oil
Repsol
Cepsa
Galp
AMP Capital Investors Limited
NCG Banco
Deutsche Bank
Kutxabank
Public Sector Pension Investment Board
Stichting Pensioenfonds Zorg en Welzijn
Her Majesty the Queen In Right of Alberta
Global Salamina
5,00
10,00
Marthilor Oman Oil
10,00
5,00
5,00
5,00
5
Agenda
CLH's shareholder Activities and services Logistic resources and infrastructure Pricing system Main figures Future perspectives
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CLH offers its customers 5 main services lines
Storage and transport logistics services
Security stock storage
Value-added services in logistics
Storage and loading in airports
International services
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2
3
5
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• Reception, storage, transportation from delivery point to customer-chosen facility and loading oil products into tanker trucks on the Peninsula and the Balearic Islands
• Bunker and fuel-oil services
• Strategic oil reserve storage for European countries’ central institutions and operators
• Storage and into-plane services of aviation lubricants and fuel
• Quality additivation, introduction of fiscal tracers and biofuel blending • Product control analysis in own labs • Maintenance of service stations
• Technical and consulting support
• Management of hydrocarbon logistics assets
7 7
CLH provides logistics services to top level companies
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Lowers investment necessities and optimizes transportation costs, decreasing operator's logistics costs
Lower costs
CLH's logistics system integrates storage and transportation
Advantages of CLH's integrated logistics system
Simplifies product transportation scheduling for operators
Enables optimizing product movements • Reducing emissions • Reducing risk of leaks
Reduces the stocks needed for transportation and ensures supply by minimizing the transportation time
Sustainability
Easy scheduling
Stock optimization
9
CLH offers to its clients an instantaneous accreditation service for their products Instant Accreditation: Visual example of how
the system works Features of how CLH's logistics system works
Product enters on day X
Product is withdrawn on day X
A Coruña-Puerto
Rota
Zaragoza
Instant accreditation allows clients to access their products from any point on CLH's logistics network immediately after it has been delivered into CLH system
Integrated system
Instant accreditation
Integrated management of primary logistics services (transportation and storage) eliminates clients need to own logistics assets
Geographic coverage
CLH offers its services throughout all of the Peninsula and the Balearic Islands
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CLH's Environmental Management System was
awarded the ISO 14001 certificate
CLH is a company committed to caring for the environment
Truck Train Barge Pipeline
CLH prevents 360,000 Tn of CO2 emissions a year in Spain
(kgCO2/Tn/300 Km)
Specific CO2 emissions by type of transportation
• Implies active and responsible commitment to minimizing possible environmental impacts associated with CLH's activity
Infrastructures adapted to handle and
blend biofuels
• In 2011, CLH transported through its facilities:
– 1,484,339 m3 of biodiesel + HVO
– 321,900 m3 of bioethanol in ETBE
– 28,923 m3 of bioethanol
10.0
8.0
6.5
2.2
0
3
6
9
12
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CLH provides emergency stocks storage services
Product quality guarantee Online control of quantity and location of the stored stocks
Product delivery and withdrawal at any point in the system
CLH is CORES’s main emergency stocks storage provider
CLH offers its facilities to operators as well as European countries' central institutions to store strategic reserves
Long-term storage contracts (5 to 20 years) and flexible contracting volume
with no full tank requirements
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CLH's value-added logistics services adapt to the sector's current needs
Including quality additives to fuels to improve product quality or including fiscal tracers Blending biofuels with conventional fuels
Analyzing fuel and biofuel quality control in own labs Environmental testing of additives and materials: behavior and characterization
Offering technical assistance for the integral maintenance of service stations Refurbishing and improving service stations to comply with legislation Sales of equipment required by Service Stations
1
2
1
2
1
2
3
Biofuel additivation and blending Control analysis in labs Maintenance of service
stations
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CLH provides storage and loading services at major Spanish airports
Logistics services available CLH Aviación is present in 28 Spanish
airports
Aviation fuels Aviation lubricants
Storage Loading
Airports with CLH services
CLH has hydrant networks at the top 4 Spanish airports in terms of passengers
Supplying airplanes via dispenser vehicles at airports where CLH has a hydrant network
Refueling units at all airports
Logistic resources and infrastructure
Santiago Vigo
Salamanca
Badajoz
Sevilla
Jérez Málaga
Córdoba
Cuatro Vientos Torrejón
Barajas
Asturias
Santander Bilbao
La Rioja
Pamplona
Zaragoza
Girona
El Prat
Manises
Altet
San Javier
Almería
Ibiza
Son Bonet
Palma
Mahón
A Coruña
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CLH Group is fostering the internationalization of its logistics activities
Management of oil product logistics assets
Consulting and technical advice
• Strategic design of logistics networks
• Operating efficiency
Value-added services in logistics
Helping other logistics companies reach excellence in management and operations
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Agenda
CLH's shareholder Activities and services Logistic resources and infrastructure Pricing system Main figures Future perspectives
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CLH possesses modern logistics resources and infrastructures to offer its clients best-in-class services
Infrastructures Logistics resources
38 storage facilities
7.8 million m3 storage capacity
4,006 km of pipelines
28 airport facilities
4 hydrant networks at major airports
2 chartered tanker ships
52 aviation fuel dispensers
133 refueling units
14 fixed and 22 mobile workshops to cover service station technical services
1,451 people(1) with extensive experience and know-how
• 1,142 basic logistics and others • 309 airport services
Storage facilities
Storage capacity
Pipelines
Airport facilities
Hydrants
Tanker ships
Dispensers
Refuelers
Service station maintenance workshops
Human resources
(1) Fixed staff + reliefs
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•Almodóvar
•Coria
•Poblete
•Mora
•San Adrián •Palencia
•Barajas
•R. A Coruña
•R. Puertollano
•R. Huelva
•R. Cartagena
•R. Castellón
• R. Somorrostro
•R. Tarragona
•Palma •Badajoz
•Almería •Jerez
•Cuatro Vientos
•Santovenia
•Santiago
•Motril
•Malaga • Rota
•Huelva •Sevilla •Cartagena
•Alicante •Mérida
•Adamuz
•Altet
•San Javier
•Alcázar de San Juan
•Albuixech
•Manises
•Loeches •Villaverde
•Torrejón •Salamanca
•Burgos
•Vigo
•A Coruña-Bens
• A Coruña-Puerto
•León
•Asturias •Gijón
•Santander
•Rivabellosa
•La Rioja
•Pamplona
•Zaragoza •Lleida
•Girona
•Mafumet
•Pallejá •El Prat
•Tarragona
•Ibiza
•Mahón
• Porto Pi •Son Banya
•Son Bonet
•San Roque
•Barcelona
• Bilbao
•Algeciras
•R. San Roque
•Ballobar •La Muela
•Ariza
• Santurce
•Córdoba
• Arahal
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4,006 km of pipelines
38 storage facilities
28 airport facilities
8 refineries connected to CLH's network
14 port facilities
France
Mediterranean Sea
Atlantic Ocean
CLH’s logistics system guarantees product supply in the Spanish peninsula and the Balearic Islands
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CLH has advanced management and control systems
Customers CLH Customers
Online information
Control center
Satellite
Logistics network
Orders Product output
• Applications that allow clients to:
– Load orders automatically – Real time monitoring
• Available immediately anywhere in CLH network • One dispatching for the entire country • Simplification of movements • Multiproduct pipelines • Integration of storage, transportation and management
systems
• Lower cost for operators • Efficient loading process • Quality, quantity and fiscal
guarantees
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Agenda
CLH's shareholder Activities and services Logistic resources and infrastructure Pricing system Main figures Future perspectives
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CLH's logistics system is open to any operator, with objective, transparent and non-discriminatory prices
Free access
Transparency
Objective prices
Non-discriminatory
prices
• One single origin-destination price for all of the services offered by CLH: from the delivery of the product to CLH to its dispatch at its final destination
• All contracts communicated to National Energy Commission (CNE) who publishes all prices
• Prices are established based on international references and respond to the service given
• Prices, for the same service, are equal for all the operators
• Any operator or company interested can access CLH services
CLH system is the most open and transparent in Europe and contributes to competition in the sector
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Reception Storage Transportation Others
Delivery of products to CLH via tanker ship or through pipelines from the refinery or storage facility
Storage rights included in the price: • 6 days in facilities
next to refineries • 15 days in the rest of
facilities Possibility of contracting additional storage in facilities with enough capacity
Transportation from the point of delivery to CLH and the facility where the customer would like to withdraw the product Instantaneous service: from the time of delivery at the origin the product can be withdrawn at the desired destination
Loading tank trucks for shipment, quantity control and quality guarantee, insurances and access CLH's online systems
CLH includes different services in one origin-destination shipment price
+ + +
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CLH transfers the continual improvement in its operations to end prices
Index (Price2005 = 100)
2011
99
2005
CLH service price index
CLH has maintained prices practically constant since 2005
CLH's services repercussion on end prices is less than 1.0%
Weight of CLH's logistics in gas oil A and gasoline 95 end prices in Spain
Nominal terms
Real terms
%
Gasoline 95 Gas oil A Real average price in 2011 for basic gasoline and gas oil logistics was €8,16/m3 (equal to €0.82 c/liter)
0.6 0.6
0,0
0,5
1,0
1,5
100
0
50
100
150
112
97
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Agenda
CLH's shareholder Activities and services Logistic resources and infrastructure Pricing system Main figures Future perspectives
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Operating revenue (€M)
Net operating result (€M)
EBITDA (€M)
Net profit (€M)
231.9
324.6
2011 vs. 2010
5.1%
2.6%
7.7%
615.7
162.8
226.0
310.0
585.9
151.2
2011 2010
4.7%
In 2011 CLH improved its EBITDA 4.7% vs. 2010
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CLH product outputs reflect the Spanish market slower activity in 2011
Gas oil (M m3)
Automotive gasoline (M m3)
Aviation fuel (M m3)
Others (M m3)
5.6
6.1
XXX
2011 vs. 2010
-7.0%
-8.4%
12.8%
-4.3%
28.8
Total (M m3) 42.6
2.1
6.1
5.6
XXX
31
44.6
1.9
2011 2010
9.5%
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Operating revenue (€M)
Net operating result (€M)
EBITDA (€M)
Net profit (€M)
2012 vs. 2011 2012 2011
In 2012 January – June Ebitda decreased 7.5 % in comparison to the same period of the previous year
102.8
144.4
-1.5%
-5.1%
-7.1%
282.2
69.3
108.3
156.1
286.6
74.6
-7.5%
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The downward trend of activity in the January – June 2012 period continues
Diesel (M m3)
Automotive gasoline (M m3)
Aviation fuel (M m3)
Others (M m3)
XXX
2012 vs 2011
Total (M m3) XXX
2012 2011
2.7
2.5
14.1
20.5
1.2
2.7
2.9
14.5
21.1
1.0
-2.7%
+1.0%
+21.7%
-2.5%
-13.0%
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Agenda
CLH's shareholder Activities and services Logistic resources and infrastructure Pricing system Main figures Future perspectives
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CLH has carried out an ambitious plan in order to guarantee service quality
Investment plan 2012 €673 M invested in the Strategic Plan
2007-2011
Expansion of 1,200,000 m3 in net storage capacity
Adaptation of 13 facilities for the provision of services for blending with biodiesel and 9 for bioethanol
Upgrading of infrastructures at airport facilities
Pipeline extended by 523 kilometres. Main projects: Zaragoza - Torrejón de Ardoz by 290 kilometres and Arahal – Adamuz by 150 kilometres
Inauguration of the new central laboratory in Torrejón de Ardoz
Significant investments
Storage facilities Environment and Others Modes of transport
65%
23%
Total €673 M
23%
65%
Total €98 M
25%
58%
Main projects
Connecting up of the storage facility in Torrejón with Barajas airport
New storage facility in Salamanca
New storage facility in Almodóvar
Pipeline integrity
12% 17%
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CLH is a solid and responsible company with an attractive future outlook
Stable results with low risk levels
Sustained growth
High shareholder returns
Corporate Social Responsibility
• Quality services with competitive prices • Solid financial position
• Payout around 100% over the last few years
• Development and implementation of social responsibility policies – Quality – Environment – Safety – Social action
• Investments in pipeline network and storage capacity • New products (biofuels) • International expansion
Thank you