CLH Group Corporate Presentation

CLH Group
Corporate Presentation
Agenda
CLH's shareholder
Activities and services
Logistic resources and infrastructure
Pricing system
Main figures
Future perspectives
2
Agenda
CLH's shareholder
Activities and services
Logistic resources and infrastructure
Pricing system
Main figures
Future perspectives
3
CLH's shareholder base is very diversified, guaranteeing
independent management
CLH's equity ownership
Composition of
CLH's
shareholders
fosters price
competitiveness
and profitability
CLH Group's management
according to two main principles
• Service quality with
competitive prices
• Profitability and efficiency
Kutxabank
NCG Banco
Stichting Pensioenfonds
Zorg en Welzijn
Limits on CLH's
shareholder
composition
guarantee its
independence
5.00
5.00
Repsol
10.00 14,15
Cepsa
5.00
Her Majesty the Queen
In Right of Alberta
5.00
bcmIMC Investment
Partnership
In accordance with the
Hydrocarbon Sector Act, the
shareholding position of operators
with refining capacity should
never exceed 45%
Others
0,85
9.159,15
9,15
BP Oil
5.00
5,00
5.00
AMP Capital Investors
Limited
5,00
10.00
15.00
Ardian
10.00
15.00
Oman Oil
Others
investors
GIP II Palma Luxco II,
S.A.R.L
Operators with refining
capacity in Spain
4
Agenda
CLH's shareholder
Activities and services
Logistic resources and infrastructure
Pricing system
Main figures
Future perspectives
5
CLH offers its customers 5 main services lines
1
Storage and transport
logistics services
• Reception, storage, transportation from delivery point to customerchosen facility and loading oil products into tanker trucks on the
Peninsula and the Balearic Islands
• Bunker and fuel-oil services
Security stock storage
• Strategic oil reserve storage for European countries’ central institutions and
operators
Value-added services in
logistics
• Quality additivation, introduction of fiscal tracers and biofuel blending
• Product control analysis in own labs
Storage and loading in
airports
• Storage and into-plane services of aviation lubricants and fuel
2
3
4
5
• Technical and consulting support
International services
• Management of hydrocarbon logistics assets
6
CLH provides logistics services to top level companies
7
CLH's logistics system integrates storage and
transportation
Advantages of CLH's integrated logistics system
Lower costs
Sustainability
Easy
scheduling
Stock
optimization
Lowers investment necessities and optimizes transportation costs,
decreasing operator's logistics costs
Enables optimizing product movements
• Reducing emissions
• Reducing risk of leaks
Simplifies product transportation scheduling for operators
Reduces the stocks needed for transportation and ensures supply by
minimizing the transportation time
8
CLH offers to its clients an instantaneous accreditation
service for their products
Features of how CLH's logistics system works
Integrated
system
Integrated management of primary
logistics services (transportation and
storage) eliminates clients need to
own logistics assets
Instant Accreditation: Visual example of how
the system works
A CoruñaPuerto
Zaragoza
Instant
accreditation
Geographic
coverage
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
CLH offers its services throughout
all of the Peninsula and the Balearic
Islands
Product enters
on day X
Rota
Product is
withdrawn
on day X
9
CLH is a company committed to caring for the environment
CLH prevents 332,000 Tn of CO2 emissions a year
in Spain
CLH's
Environmental
Management
System was
awarded the ISO
14001 certificate
• Implies active and responsible
commitment to minimizing
possible environmental impacts
associated with CLH's activity
Specific CO2 emissions by type of
transportation
(kgCO2/Tn/300 Km)
12
10.0
9
8.0
6.5
• In 2013, CLH transported
through its facilities:
Infrastructures
adapted to
handle and
blend biofuels
– 0.7 million m3 of biodiesel
+ HVO
– 255,596 m3 of bioethanol
in ETBE
– 27,765
m3
of bioethanol
6
2.2
3
0
Truck
Train
Barge
Pipeline
10
CLH provides emergency stocks storage services
CLH offers its facilities to operators as well as European countries' central institutions to store strategic
reserves
Product delivery and withdrawal at any
point in the system
Long-term storage contracts (5 to 20
years) and flexible contracting volume
with no full tank requirements
Online control of quantity and location of
the stored stocks
Product quality guarantee
CLH is CORES’s main emergency stocks storage provider
11
CLH's value-added logistics services adapt to the sector's
current needs
Biofuel additivation
and blending
1 Including quality additives to
fuels to improve product quality
or including fiscal tracers
2 Blending biofuels with
conventional fuels
Control analysis in labs
1 Analyzing fuel and biofuel quality
control in own labs
2 Environmental testing of
additives and materials: behavior
and characterization
12
CLH provides storage and loading services at major
Spanish airports
Logistics services available
Storage
Loading
CLH Aviación is present in 28 Spanish
airports
Asturias
Bilbao
A Coruña
Santander
Pamplona
Santiago
Aviation fuels
Aviation lubricants
Girona
La Rioja
Vigo
Zaragoza
El Prat
Salamanca
Logistic resources and infrastructure
Barajas
Torrejón
Cuatro Vientos
Mahón
Palma
Manises
CLH has hydrant networks at the top 5
Spanish airports in terms of passengers
Supplying airplanes via dispenser
vehicles at airports where CLH has a
hydrant network
Refueling units at all airports
Son Bonet
Badajoz
Ibiza
Altet
Córdoba
San Javier
Sevilla
Jérez
Málaga
Almería
Airports with CLH services
13
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
Joint Venture
in Oman to
develop new
infrastructures
Value-added services in
logistics
Irán
Arabia
Saudí
E.A.U.
Yemén
Helping other logistics companies reach excellence in management and
operations
14
Agenda
CLH's shareholder
Activities and services
Logistic resources and infrastructure
Pricing system
Main figures
Future perspectives
15
CLH possesses modern logistics resources and
infrastructures to offer its clients best-in-class services
Infrastructures
Storage facilities
39 storage facilities
8 million m3 storage capacity
Storage capacity
Pipelines
Airport facilities
Hydrants
4,019 km of pipelines
28 airport facilities
Logistics resources
Tanker ships
Dispensers
2 chartered tanker ships
49 aviation fuel dispensers
Refuelers
123 refueling units
Human
resources
1,348 people with extensive
experience and know-how
5 hydrant networks at major airports
(1) Fixed staff + reliefs
16
CLH’s logistics system guarantees product supply in the
Spanish peninsula and the Balearic Islands
• A Coruña-Puerto
Atlantic Ocean
R. Somorrostro
•Gijón •
•R. A Coruña
•Asturias
•Santander
•A Coruña-Bens
•León
•Santiago
France
• Santurce
• Bilbao
•Pamplona
•Rivabellosa
•Vigo
•Girona
•Burgos
•La Rioja
•San Adrián
•Zaragoza
•Lleida
•Palencia
•Pallejá
•Ballobar
•Barcelona
•Tarragona
•R. Tarragona
•La Muela
•Santovenia
•El Prat
•Mafume
t
•Ariza
•Barajas
•Salamanca
•Torrejón
•R. Castellón
•Son Bonet
•Loeches
•Villaverde
•Cuatro Vientos
•
•Albuixech
Porto Pi
•Son Banya
•Mora
•Badajoz
•Alcázar de
San Juan
•Poblete
•Manises
•Ibiza
•Almodóvar
•Adamuz
39 storage facilities
28 airport facilities
8 refineries connected to CLH's network
14 port facilities
•Sevilla
•Huelva
•R. Huelva
• Rota
•Palma
•Altet
•Mérida
4,019 km of pipelines
•Mahón
•Alicante
•R. Puertollano
•San Javier
•Cartagena
•Córdoba
Mediterranean Sea
•R. Cartagena
•Coria
• Arahal
•Jerez
•Malaga
•R. San Roque
•San Roque
•Motril
•Almería
•Algeciras
17
CLH has advanced management and control systems
Customers
CLH
Customers
Satellite
Product
output
Orders
Online
information
• Applications that allow clients
to:
– Load orders automatically
– Real time monitoring
Control center
Logistics network
• Available immediately anywhere in CLH network
• One control center 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
18
Agenda
CLH's shareholder
Activities and services
Logistic resources and infrastructure
Pricing system
Main figures
Future perspectives
19
CLH's logistics system is open to any operator, with
objective, transparent and non-discriminatory prices
Free access
Transparency
Nondiscriminatory
prices
Objective prices
• Any operator or company interested can access CLH services
• 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, for the same service, are equal for all the operators
• Prices are established based on international references and respond to the service given
CLH system is the most open and transparent in Europe and contributes to competition in
the sector
20
CLH includes different services in one origin-destination
shipment price
Reception
Delivery of products
to CLH via tanker
ship or through
pipelines from the
refinery or storage
facility
+
Storage
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
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
+
Others
Loading tank trucks
for shipment, quantity
control and quality
guarantee,
insurances and
access CLH's online
systems
21
CLH transfers the continual improvement in its operations
to end prices
CLH has maintained prices practically
constant since 2005
CLH's services repercussion on end prices is
less than 1.0%
CLH service price index
Weight of CLH's logistics in gas oil A
and gasoline 95 end prices in Spain
Index (Price2005 = 100)
150
%
1,5
2013
118
100
Nominal
terms
100
1,0
0.6
99
99
50
Real
terms
0.6
0,5
0,0
0
2005
2013
Gas oil A
Gasoline 95
Real average price in 2013 for basic gasoline and gas oil logistics was
€8,57/m3 (equal to €0.86 c/liter)
22
Agenda
CLH's shareholder
Activities and services
Logistic resources and infrastructure
Pricing system
Main figures
Future perspectives
23
In 2013 CLH increased its EBITDA 0.9% vs. 2012
2013
2012
2013 vs. 2012
Operating revenue
(€M)
574.5
589.6
-2.6%
Net operating result
(€M)
225.6
222.0
1.6%
EBITDA (€M)
307.6
305.0
0.9%
Net profit (€M)
164.2
147.9
11.0%
24
CLH product outputs reflect the Spanish market slower
activity in 2013
2013
2012
2013 vs. 2012
Gas oil (Thousand m3)
27,471
27,683
-0.8%
Automotive gasoline
5,223
5,520
-5.4%
5,389
5,433
-0.8%
1,727
2,342
-26.2%
39,810
XXX
40,978
XXX
-2.8%
(Thousands m3)
Aviation fuel (Thousands
m3)
Others
(Thousands m3)
Total (Thousands m3)
25
In 2014 January – June Ebitda increased 8 % in
comparison to the same period of the previous year
2014
2013
Operating revenue
(€M)
269.8
261.5
3.2%
Net operating result
(€M)
108.6
96.7
12.3%
EBITDA (€M)
148.8
137.8
8.0%
Net profit (€M)
72.5
76.0
-4.6%
2014 vs. 2013
26
In the January – June 2014 period the activity shows a
light growth
2014
2013
2014 vs. 2013
Gas oil (Thousand m3)
13,518
13,448
+0.5%
Automotive gasoline
2,473
2,484
-0.5%
2,483
2,479
+0.2%
937
962
-2.6%
XXX
19,373
+0.2%
(Thousands
m3)
Aviation fuel (Thousands
m3)
Others
(Thousands m3)
Total (Thousands m3)
19,411
XXX
27
Agenda
CLH's shareholder
Activities and services
Logistic resources and infrastructure
Pricing system
Main figures
Future perspectives
28
CLH is to carry out an ambitious investment plan to
guarantee maintenance of its infrastructures
€334 M forecast in the Strategic Plan
2012-2016
Significant investments
Total
€334 M
24%
20%
56%
Expansion of storage capacity in
Algeciras, Tarragona and Barcelona.
New storage facilities in Salamanca and
Bilbao.
of Torrejón – Barajas
Completion
pipeline.
Investment Plan
Total
€60 M
8%
16%
Storage facilities
Means of transport
Scada for pipeline Dispatching
New
23%
centre
New facility in the Port of Bilbao
49%
Environmental protection at storage and
airport facilities
International investment in Oman
27%
Start of the third pipeline between
Puertollano and Mora.
Pipeline integrity
Main projects
Connection of the Torrejón storage
facility to Barajas airport
65%
Improvements at the Algeciras facility
Environment and others
International investments
29
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
• Investments in pipeline network and storage capacity
• New products (biofuels)
• International expansion
• Payout around 100% over the last few years
• Development and implementation of social responsibility policies
– Quality
– Environment
– Safety
– Social action
30
Thank you

Download Report