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Press Release Vopak reports on Q3 2021 financial results Rotterdam , the Netherlands , 12 November 2021 Q3 2021 Q2 2021 Q3 2020 in EUR millions Vopak YTD Q3 YTD Q3 2021 2020 912.7 886.3 309.5 303.1 297.0 Revenues Results -excluding exceptional items- 212.5 206.2 200.1 128.4 124.6 126.6 Group operating profit before depreciation and amortization ( EBITDA ) Group operating profit ( EBIT ) 619.1 602.7 374.3 383.4 81.0 76.1 82.9 Net profit attributable to holders of ordinary shares 230.2 249.0 0.65 0.61 0.65 Earnings per ordinary share ( in EUR ) 1.84 1.96 Results -including exceptional items- 203.1 119.0 71.6 0.57 136.5 54.9 6.4 0.05 195.7 122.2 Group operating profit before depreciation and amortization ( EBITDA ) Group operating profit ( EBIT ) 540.0 629.6 295.2 410.3 79.5 Net profit attributable to holders of ordinary shares 151.1 276.9 0.63 Earnings per ordinary share ( in EUR ) 1.20 2.18 167.7 168.6 169.0 141.5 143.6 146.0 Cash flows from operating activities ( gross excluding derivatives ) Cash flows from operating activities ( gross ) 478.2 494.8 434.1 553.4 - 161.9 - 153.3 - 125.4 Cash flows from investing activities ( including derivatives ) - 453.8 - 267.0 Additional performance measures 259.0 249.5 241.3 22.5 22.3 21.5 Proportional EBITDA -excluding exceptional items- Proportional capacity end of period ( in million cbm ) 754.1 727.9 22.5 21.5 88 % 88 % 92 % Proportional occupancy rate 88 % 90 % 36.1 35.9 34.6 87 % 87 % 91 % Storage capacity end of period ( in million cbm ) Subsidiary occupancy rate 36.1 34.6 87 % 88 % 10.4 % 10.6 % 4,801.4 4,644.8 4,052.0 12.0 % Return on capital employed ( ROCE ) 10.4 % 11.8 % Average capital employed 4,642.4 4,146.7 2,979.4 2.93 3.16 2,927.2 2,447.6 Net interest - bearing debt 2,979.4 2,447.6 2.86 2.71 3.09 2.71 Senior net debt : EBITDA Total net debt : EBITDA 2.93 2.71 3.16 2.71 Highlights for YTD Q3 2021 -excluding exceptional items- : EBITDA of EUR 619 million ( YTD Q3 2020 : EUR 603 million ) in soft business conditions . Adjusted for EUR 13 million negative currency translation effects , EBITDA increased by EUR 29 million ( 5 % ) . Growth project contribution of EUR 35 million and efficiency are driving positive EBITDA performance . Proportional occupancy rate of 88 % ( YTD Q3 2020 : 90 % ) . Cost efficiency measures are tracking well and the cost level for YTD 3Q 2021 amounted to EUR 448 million ( YTD Q3 2020 : EUR 441 million ) including cost for delivered growth projects and new business development efforts . EBIT of EUR 374 million ( YTD Q3 2020 : EUR 383 million ) , reflecting higher depreciation mainly related to new capacity delivered . • Return on capital employed ( ROCE ) of 10.4 % ( YTD Q3 2020 : 11.8 % ) . Net profit attributable to holders of ordinary shares of EUR 230 million ( YTD Q3 2020 : EUR 249 million ) , reflecting lower capitalized interest YTD 2021 and higher debt . Cash Flow From Operations ( excluding derivatives ) of EUR 478 million compared to last year EUR 495 million reflects positive business momentum which was more than offset by an increase in working capital of EUR 44 million . Excluding derivatives impact and working capital movements , CFFO increased by EUR 27 million ( 5 % YoY ) . Earnings per ordinary share ( EPS ) of EUR 1.84 ( YTD Q3 2020 : EUR 1.96 ) . The senior net debt : EBITDA ratio is 2.93 at the end of Q3 2021 .