Vopak (Euronext: VPK) hosts its Capital Markets Days for analysts and investors in Singapore and Malaysia on 16 and 17 June, 2016. The update features presentations on developments of the company's readiness for the future, Vopak Asia's competitive position, joint venture partnerships, and strategic considerations regarding disciplined capital allocation. The presentations are available through Vopak's website.
The Executive Board will provide information on Vopak's strategy execution based on thorough market studies of the changing energy and petrochemical landscape and a continuing economic shift from West to East. These studies indicate future need for infrastructure. Vopak is well-positioned to capture these opportunities at existing and new locations based on its network positions, its partnerships and its strong balance sheet position. Vopak is continuously assessing the realization and timing of its project portfolio opportunities and the corresponding financial flexibility required to support the disciplined selective growth strategy for the period to come.
The strategic priorities as set for the period 2014 - 2016, including the divestment program, are on schedule and will be completed in 2016.
Vopak reiterates its expectation to exceed a 90% occupancy rate level in 2016. Our diversified portfolio both geographically and in different product groups (oil, chemicals and gas), healthy contract coverage and strong supply chain positions support a continuation of healthy occupancy rates of our global terminal network.
Direct link to the page where the Capital Markets Days presentations are published.
For more information please contact:
Press
Liesbeth Lans, Manager External Communication,
Telephone: +31 (0)10 4002777, e-mail: global.communication@vopak.com
Analysts and investors
Chiel Rietvelt, Manager Investor Relations,
Telephone: +31 (0)10 4002776, e-mail: investor.relations@vopak.com