Infrastructure for energy storage and distribution
Bandeau communiques f9be0d4bb404fc4c1432b80bcb6a32a8b9d288311e3cb706d9b71e4c5ee08698
Rubis : disclosure of the total number of voting rights and of the number of shares making up the company's capital ...
01 | 02
2017
Rubis: half-year statement on the liquidity contract signed between rubis and exane bnp paribas
01 | 04
2017
Rubis' takes full control of delta rubis petrol in turkey
01 | 06
2017
Rubis: disclosure of the total number of voting rights and of the number of shares on 01/31/2017
01 | 31
2017
Rubis: capital increase reserved for group employees
02 | 01
2017
Rubis: sustained volume growth: +10% - sales revenue: +1%
02 | 09
2017
Rubis to acquire the leader in the distribution of fuel products in haiti
02 | 20
2017
Rubis: disclosure of the total number of voting rights and of the number of shares on 02.28.2017
03 | 01
2017
Rubis: continued growth - net income: 22% - dividend growth: 11% to €€2.68
03 | 13
2017
Rubis: disclosure of the total number of voting rights and of the number of shares on 03.31.2017
03 | 31
2017
Rubis completes acquisition of the leader in the distribution of fuel products in haiti
05 | 02
2017
Rubis: disclosure of the total number of voting rights and of the number of shares on 04.30.2017
05 | 02
2017
Rubis: publication of 2016 registration document
05 | 04
2017
Rubis: preparatory documents for the combined shareholders' meeting of june 8, 2017
05 | 09
2017
Rubis: first-quarter revenue: €896 million (+22%) - good start to the year, with volume growth of 8%
05 | 09
2017
Rubis: results from the capital increase reserved for group employees
05 | 18
2017
Rubis: disclosure of the total number of voting rights and of the number of shares on 05.31.2017
05 | 31
2017
Rubis: option for the payment of the 2016 dividend in shares
06 | 09
2017
Rubis: disclosure of the total number of voting rights and of the number of shares on 06.30.2017
06 | 30
2017
Rubis: half-year statement on the liquidity contract signed between rubis and exane bnp paribas
07 | 05
2017
Rubis: result of the option for dividend payment in shares
07 | 06
2017
Rubis : two-way split of the par value of the company's shares by the allocation of new shares
07 | 14
2017
Rubis purchases the leading fuel marketer in madagascar
07 | 20
2017
Rubis to issue new equity instruments to further strengthen its financial resources
07 | 21
2017
Rubis: disclosure of the total number of voting rights and of the number of shares on 07.31.2017
07 | 31
2017
Rubis strengthens its position in portugal through the purchase of certain lpg assets from repsol
07 | 31
2017
Rubis: disclosure of the total number of voting rights and of the number of shares on 08.31.2017
08 | 31
2017
Overall sales volume up 11% - net income up 34%
09 | 07
2017
Hurricane irma: rubis is operational in the caribbean zone
09 | 13
2017
Rubis: general overview following hurricane maria in the caribbean
09 | 21
2017
Rubis : disclosure of the total number of voting rights and of the number of shares making up the company's capital as of december 30, 2016

This document is a translation of the original French document and is provided for information purposes only. In all matters of interpretation of information, views or opinions expressed therein, the original French version takes precedence over this translation.


Disclosure of the total number of voting rights and of the number of shares making up the Company's capital as provided for in Articles L.233-8 II

of the French Commercial Code and 223-16 of the General Regulations of the French Financial Markets Authority

 

 

 

The Company informs its shareholders that its capital amounts to € 113,635,595 as of December 30th, 2016. It is divided into 45,454,238 shares with a nominal value of € 2.50 and 45,454,238 voting rights.

 

*****

 

 

 

Paris, December 30th, 2016

 

Name of the Issuer:

 

RUBIS

Partnership Limited by Shares

With a capital of € 113,635,595

Company's register number : 784 393 530 RCS Paris

Head Office: 105, avenue Raymond Poincaré, 75116 Paris - FRANCE

 

Contact:

 

Maura Tartaglia

Phone: +331 44 17 95 95

 

Mail: m.tartaglia@rubis.fr

Rubis: half-year statement on the liquidity contract signed between rubis and exane bnp paribas

This document is a translation of the original French document and is provided for information purposes only.
The original French version takes precedence over this translation.

            January 4, 2016
  

Under the liquidity contract signed between RUBIS and EXANE BNP PARIBAS, the following resources appeared on the liquidity account on December 31st 2016:

  • 14,391 RUBIS shares
  • €1,920,047

For information, at the time of the last assessment on June 30, 2016, the following resources were available:

  • 18,144 RUBIS shares
  • €1,579,658

*****

Name of the Issuer:

RUBIS
Partnership Limited by Shares
With a capital of €113,635,595
Company's register number: 784 393 530 RCS Paris
Head Office: 105, avenue Raymond Poincaré, 75116 Paris - FRANCE

Contact:

Maura Tartaglia
Phone : +33 (0)1 44 17 95 95
Mail : m.tartaglia@rubis.fr

Rubis' takes full control of delta rubis petrol in turkey

January 6, 2017

According to a Share Purchase Agreement signed this day, Rubis' will purchase 50% of Delta Rubis Petrol to its partners to end up with full control of the company.

The acquisition will be completed once getting the approval from the local competition Authority.

Current partnership was founded in January 2012 to develop this 650 000 cbm fuel storage facility located in Ceyhan, on the southeast coast of Turkey.

Eventually, the ownership control will provide Rubis' with full autonomy to combine management and operational leverage including the construction of an additional 120 000 cbm storage capacity aiming at optimising large vessels loading from the new jetty facility.

In 2016, Delta Rubis Petrol has generated rental revenues of $31 million for an estimated EBITDA of $20 million.

Upcoming events:

Q4 2016 revenue: February 9, 2017 (Market closing)

Press Contact Analysts Contact
PUBLICIS CONSULTANTS - Aurélie Gabrieli RUBIS - Bruno Krief
Tel: +33 (0) 1 4482 4833 Tel: +33 (0) 1 4417 9595
Rubis: disclosure of the total number of voting rights and of the number of shares on 01/31/2017

This document is a translation of the original French document and is provided for information purposes only. In all matters of interpretation of information, views or opinions expressed therein, the original French version takes precedence over this translation. 

Disclosure of the total number of voting rights and of the number of shares making up the Company's capital as provided for in Articles L.233-8 II
of the French Commercial Code and 223-16 of the General Regulations of the French Financial Markets Authority

The Company informs its shareholders that its capital amounts to € 113,686,705 as of January 31th, 2017. It is divided into 45,474,682 shares with a nominal value of € 2.50 and 45,474,682 voting rights.

*****

Paris, January 31th, 2017

Name of the Issuer:

RUBIS
Partnership Limited by Shares
With a capital of € 113,686,705
Company's register number : 784 393 530 RCS Paris
Head Office: 105, avenue Raymond Poincaré, 75116 Paris - FRANCE

Contact:

Maura Tartaglia
Phone: +331 44 17 95 95
Mail: m.tartaglia@rubis.fr

Rubis: capital increase reserved for group employees

 This document is a translation of the original French document and is provided for information purposes only. 
The original French version takes precedence over this translation.

Paris, February 1, 2017

Press release issued under the ongoing information requirement

The Board of Management, at its meeting of January 2, 2017, decided to make use of the authorization granted by the Ordinary and Extraordinary Shareholders' Meeting of June 5, 2015, established under Articles L. 3332-3 et seq. of the French Labor Code, to perform a capital increase by issuing shares reserved for eligible employees of companies participating in the Rubis Avenir Company Savings Plan (companies based in France) under the conditions described below.

The maximum nominal amount authorized by the Ordinary and Extraordinary Shareholders' Meeting of June 5, 2015, in respect of capital increases reserved for employees, is 700,000 euros (280,000 shares) including the amount of 161,610 euros (64 644 shares) resulting from the capital increase reserved for eligible employees in 2016. Then, this capital increase is capped at a maximum nominal amount of 538,390 euros corresponding to 215,356 Rubis shares.

The subscription price, set at 61.40 euros, corresponds, in accordance with Article L. 3332-19 of the French Labor Code, to 80% of the average share price over the 20 trading days preceding the decision.

The subscription period will run from March 20 to April 7, 2017.

The funds invested in Rubis shares through the "FCPE Rubis Avenir" mutual fund will be available at the end of a five-year lock-up period, except in cases where early release is allowed.

The new shares will carry dividend rights from January 1, 2017 and will be fungible with existing shares.

The Rubis Avenir mutual fund was set up in 2002 to allow employees to invest in Rubis' capital, and thereby to strengthen the link between employees and the company. Rubis has performed a capital increase reserved for employees each year since the fund's establishment. All such transactions have enjoyed broad support among the Group's employees.

As of December 31, 2016, employees of the Group held 1.13% of Rubis' share capital through the Rubis Avenir mutual fund.

This press release constitutes the regulated information required pursuant to articles 212-4 5° and 212-5 6° of the AMF General Regulation and article 14 of instruction 2005-11 of December 13, 2005, issued as a press release in accordance with the Article 221-3 of the AMF General Regulation.
***
105, avenue Raymond-Poincaré
75116 Paris - France
Tel: +33 (0) 1 44 17 95 95
Fax: +33 (0) 1 45 01 72 49
email: rubis@rubis.fr
www.rubis.fr
SCA with share capital of 113,686,705 euros
784 393 530 RCS PARIS - Code APE 6420Z

Rubis: sustained volume growth: +10% - sales revenue: +1%

Paris, February 9, 2017, 5.45 p.m.

Consolidated revenue for the fourth quarter totaled €810 million (+1%), with business volumes maintaining a brisk pace:

  • Rubis Énergie recorded volume growth of 10% (+7% at constant scope). This includes the increase in scope resulting from developments in the Africa region (Djibouti and South Africa);
  • Rubis Terminal's storage revenues (based on 100% of all terminals under management) were up a strong 9% in the fourth quarter, driven by activity outside France (+23%).

Among external factors, prices of petroleum products expressed in euros, down 16% across 2016 as a whole, rose sharply in the fourth quarter compared with the third quarter of 2016 (+30%). Over the year as a whole, unit margins were generally not sensitive to this price configuration.

Over full year 2016, volumes was up 17% and 5% respectively for Rubis Énergie and Rubis Terminal. Lower fuels prices resulted in a 3% increase in Group's sales revenue

Revenue (in €M) Q4-2016 Change Total 2016 Change
LPG and fuel distribution
Europe
Caribbean
Africa
581
139
305
137
+7%
+13%
+5%
+7%
2,153
515
1,143
495
+4%
-2%
-6%
+51%
Support and Services 148 -20% 563 +2%
Bulk liquid storage
Bulk liquid storage and services
Trading of petroleum products
81
34
47
+8%
 +1%
+13%
288
131
157
-2%
+2%
-5%
Total consolidated revenue 810 +1% 3,004 +3%

There were no events after the release of the financial statements on June 30, 2016 liable to significantly alter the Group's financial position, which remained particulary strong at the end of the year.

Distribution of petroleum products

Rubis Énergie combines all LPG and fuel distribution activities: networks of gas stations, heating oil, aviation and marine fuel, lubricants, bitumen and LPG.

Geographical breakdown of volumes
(retail distribution)

In '000 m3 Q4-2016 Change Change
 at constant scope
Total 2016 Change Change
 at constant scope
Europe 226 +5% +5% 829 -1%   -1%
Caribbean 407 +6% +6% 1,627 +9% +9%
Africa 246 +21% +11% 907 +65% 0%
Total 878 +10% +7% 3,363 +17% +5%

In the fourth quarter, retail distribution volumes totaled 878,000 m3, an increase of 10%. At constant scope of consolidation, volumes grew by 7%, prompting the following comments:

  • in Europe, volumes sold in retail distribution reached 226,000 m3, an increase of 5%, with the climate index for the period returning to a level consistent with seasonal norms;
  • in the Caribbean, distributed volumes totaled 407,000 m3, an increase of 6%. Growth momentum was strong throughout the year, resulting in further market share gains;
  • the Africa zone posted strong growth to 246,000 m3 (+21%), an increase of 11% adjusted for scope effects (South Africa and Djibouti). Good growth was observed in volumes of LPG (+8%) and bitumen in West Africa (+62%), in a context of deteriorating unit margins for bitumen, resulting from currency effects.

Over the full year in 2016, retail distribution volumes totaled 3.4 million m3, increases of 17% on a real basis and 5% at constant scope.

Support and Services

Support and Services branch includes Sara's revenues (Antilles refinery) and the shipping, trading and services operations. Sales revenue for the fourth quarter was down 20% at €148 million linked to more volatile business and deliveries shifted from one quarter to the next mainly for bitumen.

Over the full year 2016, trading volumes in global fuels products reached 1,3 million m3, an increase of 19% compared with 2015.

Bulk liquid storage

Rubis Terminal's overall storage revenues (based on 100% of all terminals under management) increased by a strong 9% in the fourth quarter, prompting the following comments:

France: +2%

  • the fuel business, which represents 78% of total billings in France, was up 3%, while in a broader French market consumption of petroleum products was up 1.5% during the period;
  • other products (22% of billings in France) enjoyed a better trend in the fourth quarter, notably chemicals (+7%), and molasses and oilseeds (+8%), while fertilizers remained at a high level.  

Outside France: +23%

  • the Rotterdam depot posted overall revenues down 8% following the renewal of spot contracts in chemicals, while heavy fuel revenues increased by 2%. 80% of the new capacity built in 2016 is now contracted;
  • the Antwerp and Ceyhan (Turkey) depots, whose revenues are not fully consolidated (equity method), recorded strong growth in both chemicals for Antwerp (+26%) and petroleum products in Turkey (+46%).

Over the same period, trading revenue amounted to €47 million (+13%), and €157 million (-5%) over the full year.

Over the full year in 2016, consolidated storage revenues totaled €131 million (+2%).

Upcoming events:

2016 annual results on March 13, 2017 (after market)

Press Contact Analysts Contact
PUBLICIS CONSULTANTS - Aurélie GABRIELI RUBIS - Finance Department
Tel: +33 (0) 1 4482 4833 Tel: +33 (0) 1 4417 9595
Rubis to acquire the leader in the distribution of fuel products in haiti

Paris, February 20, 2017, 17.35 p.m.

Rubis has signed an agreement to buy all the shares of Dinasa and its subsidiary Sodigaz, the leading distributors of fuel products in Haiti.

With 600,000 cbm distributed, Dinasa, the country's leading network of gas stations (125 sites), operates under the NATIONAL brand and works in all segments of the fuel product market, with leading positions in aviation fuel, LPG, heating oil and lubricants. The company has a strategic and autonomous import logistics tool (storage, maritime access).

Dinasa meets most of Rubis' investment criteria in its fuel distribution business: a leading player positioned on a niche market associated with the import logistics ownership.

Dinasa's sales volumes will increase Rubis Énergie's activity in the Caribbean zone by more than 35%, and will no doubt help leverage supply (densification of supply in the zone combined with economies of scale in shipping).

During the year ended September 30, 2016, Dinasa generated EBITDA of €40.4 million.

The acquisition is scheduled to close in the second quarter of 2017.

Next event:

2016 Annual results on March 13, 2017 (Market closing)

Press Contact Analysts Contact
PUBLICIS CONSULTANTS - Aurélie Gabrieli RUBIS - Finance Department
Tel: +33 1 4482 4833 Tel: +33 (0) 1 4417 9595
Rubis: disclosure of the total number of voting rights and of the number of shares on 02.28.2017

This document is a translation of the original French document and is provided for information purposes only. In all matters of interpretation of information, views or opinions expressed therein, the original French version takes precedence over this translation. 

Disclosure of the total number of voting rights and of the number of shares making up the Company's capital as provided for in Articles L.233-8 II of the French Commercial Code and 223-16 of the General Regulations of the French Financial Markets Authority

The Company informs its shareholders that its capital amounts to € 113,799,565 as of February 28th, 2017. It is divided into 45,519,826 shares with a nominal value of € 2.50 and 45,519,826 voting rights.

*****

Paris, February 28th, 2017, 17:35

Name of the Issuer:

RUBIS
Partnership Limited by Shares
With a capital of € 113,799,565
Company's register number : 784 393 530 RCS Paris
Head Office: 105, avenue Raymond Poincaré, 75116 Paris - FRANCE

Contact:

Maura Tartaglia
Phone: +331 44 17 95 95
Mail: m.tartaglia@rubis.fr

Rubis: continued growth - net income: 22% - dividend growth: 11% to €€2.68

 

Paris, March 13, 2017, 5.35 p.m.

 

At its meeting of March 10, 2017, the Board of Management finalized the 2016 financial statements, which were approved by the Supervisory Board at its meeting of March 13, 2017. An unqualified certification report is currently being issued by the Statutory Auditors.

2016 was characterized by sound growth in overall business volumes (up by 15%) resulting in an excellent performance in terms of net income, Group share, which was up by 22% at €208 million.

(in €M)

  2015 2016 Change

Revenue

Gross operating profit (EBITDA)

Current operating profit (EBIT), of which

Rubis Énergie

Rubis Support and Services

Rubis Terminal

Net profit, Group's share

Cash flow

Capex

Earnings per share (fully diluted)

Dividend per share
2,913

345

240

155

48

49

  170

261

143

€4.06

€2.42 
3,004

411

300

192

69

51

  208

326

163

€4.64

€2.68 
+3%

+19%

+25%

+24%

+43%

+4%

   +22%

+25%

-

+14%

+11%

* Amount proposed to the O&EGM of June 8, 2017.
Note: contribution breakdown between Rubis Énergie and Support and Services business has been modified in 2015 set of results. Above figures reflect this change.

The results were driven by Rubis Énergie (petroleum products distribution business), which posted a 17% increase in volumes (up by 5% at constant scope). In total, Rubis Énergie's EBIT rose by 24% to €192 million (up by 9% at constant scope).

The Support and Services business, which includes Sara (Antilles refinery) and all shipping, trading and services activities, reported EBIT of €69 million, an increase of 43% (up by 19% at constant scope). The division's excellent performance is attributable to the full consolidation of Sara and strong growth in trading activities in the Caribbean.

Rubis Terminal recorded overall growth in revenues of 5%, driven by international operations (up by 11%). The division continued its policy of extending its capacity in petrochemicals (ARA zone) and petroleum (new strategic storage contracts in France). Factoring in the share of earnings of equity associates (Antwerp and Turkey), EBIT was €63 million, an increase of 8% (versus 4% as reported).

Capital expenditure for the Group totaled €163 million, plus €27 million in net acquisitions of subsidiaries.

The consolidated financial structure was particularly sound at year-end, with a debt-to-EBITDA ratio of 0.6 leaving scope to envision new acquisitions.

The excellent quality of these results will allow the Group to propose the payment of a dividend of €2.68 per share, an increase of 11%, at the next Shareholders' Meeting, a figure in line with historic growth.

  

RUBIS ÉNERGIE: Fuel distribution

Rubis Énergie's volumes grew by 17% (up by 5% at constant scope). Overall growth in volumes combined with the positive impact of the redeployment in South Africa and acquisition-led growth (contributions from acquisitions made in 2015, notably on Réunion Island) resulted in a sharp increase in EBIT at €192 million (up by 24%). At constant scope, EBIT grew by 9%.

Rubis Énergie's growth by region breaks down as follows:

  • Europe recorded stable volumes despite particularly unfavorable weather conditions in the winter of 2016. EBITDA, which was stable (-1%), reflects the economic reality of performance; the 15% growth in EBIT is attributable to the impact of provisions (reversals) spread over various subsidiaries;
  • the Caribbean posted growth of 9% (1.6 million cubic meters) over the period, driven by the good performance of the US economy, with its positive effects on tourism, as well as purchasing power gains resulting from the sharp drop in energy prices. EBIT, which was down 5% (impact of cyclone Matthew, Jamaica's quality-product supply issues disrupting all operators, transfer of aviation activity to the Cayman Islands), must be seen against the particularly favorable context for margin in 2015;
  • lastly, the strong upturn in earnings in Africa (EBIT up by 90%), which recorded volume growth of 65% to 907,000 cubic meters, is attributable both to the performance of the legacy scope (South Africa, Morocco, Madagascar) and to the new scopes acquired mid-2015, in particular SRPP and Djibouti. Bitumen business in Africa (Eres) was penalized by a severe shift in Nigeria's economy, which triggered a sharp impairment of local currency.

Broadly speaking, the 2016 performance must be assessed in the light of the all-time high results posted in 2015, which enjoyed the full impact of the price structure resulting in an exceptional 15% increase in unit margins.

RUBIS SUPPORT AND SERVICES: Refining, shipping and trading-supply

This subgroup includes Rubis Énergie's supply tools for petroleum products: 

Rubis Support and Services' EBIT totaled €69 million (up by 43%):

       -          the results of Sara (71% interest in the Antilles refinery), now fully consolidated, are accounted for in accordance with the decree; they were stable compared with 2015 ;

-          the contribution of the trading-supply-shipping business increased sharply to €39 million on the back of strong growth in the petroleum products trading business and a better contribution from shipping (12 vessels chartered or fully owned). In total, 1.3 million cubic meters were traded within the division in 2016;

-          the bitumen trading-supply business offered fewer opportunities in 2016 given the configuration of prices between the Americas-Europe-Asia regions, leading to a decline in its contribution. Ultimately, Eres' strategy is to diversify its supplies while securing outlets in retail distribution through alliances or joint ventures.

 

  

 

RUBIS TERMINAL: Bulk liquid storage

The storage business reported a 2% increase in revenues. However, activity measured in terms of storage revenues for the total assets of the scope (including equity associates) increased by 5% to €181.2 million, breaking down as follows:

  • Storage France (+2%):
    • the petroleum business, which accounts for 76% of billings in France, recorded growth of 4%, in a context where consumption of petroleum products was down slightly (-0.6%) in France,
    • other products, which together account for one-quarter of total revenues, were stable;
  • Outside France (+11%):
    • the 8% increase in revenues in terminals in Northern Europe reflects a large increase on the Antwerp site due to new contracts, while the revenues from the Rotterdam site were affected by the renegotiation of spot contracts into medium-term contracts. Both terminals carried out capacity extensions over the year (in Rotterdam, 80% of new capacity built in 2016 is now reserved);
    • Turkey, which posted a 14% increase in revenues, had a good start to the year thanks to good trader activity, while the year-end was marked by the resumption of trader activity with Iraq (Kurdistan).

Reported EBIT rose by 4% to €54 million. Factoring in the share of earnings of equity associates (Antwerp and Turkey), EBIT rose by 8%: 

  • storage France grew by 9%, with a positive contribution from trading;
  • the Rotterdam and Antwerp sites were down 10% (excluding one-shots in 2015) due to expenses related to the commissioning of new capacity at the Rotterdam site (35,000 cubic meters);
  • lastly, the Ceyhan terminal recorded strong growth in its contribution to €6.4 million (+29%), thanks to the readjustment of prices, good trader activity over a large part of the year and the resumption of transit of fuel oil to Kurdistan.

OUTLOOK

The Group is confident in its ability to continue to generate organic growth and to pursue its acquisition policy.

Upcoming events:
First-quarter 2017 revenue: May 9, 2017 (Market closing)

 
Press Contact Analysts Contact
PUBLICIS CONSULTANTS - Aurélie Gabrieli RUBIS - Bruno Krief
Tel: +33 (0) 1 4482 4883 Tel: +33 (0) 1 4417 9595
RUBIS: DISCLOSURE OF THE TOTAL NUMBER OF VOTING RIGHTS AND OF THE NUMBER OF SHARES ON 03.31.2017

This document is a translation of the original French document and is provided for information purposes only. In all matters of interpretation of information, views or opinions expressed therein, the original French version takes precedence over this translation.

Disclosure of the total number of voting rights and of the number of shares making up the Company's capital as provided for in Articles L.233-8 II of the French Commercial Code and 223-16 of the General Regulations of the French Financial Markets Authority

The Company informs its shareholders that its capital amounts to €113,820,080 as of March 31th, 2017. It is divided into 45,528,032 shares with a nominal value of € 2.50 and 45,528,032 voting rights.

*****

Paris, March 31th, 2017 - 17:35

Name of the Issuer:

RUBIS
Partnership Limited by Shares
With a capital of € 113,820,080
Company's register number : 784 393 530 RCS Paris
Head Office: 105, avenue Raymond Poincaré, 75116 Paris - FRANCE

Contact:

Maura Tartaglia
Phone: +331 44 17 95 95
Mail: m.tartaglia@rubis.fr

RUBIS COMPLETES ACQUISITION OF THE LEADER IN THE DISTRIBUTION OF FUEL PRODUCTS IN HAITI

Paris, May 2, 2017, 8.55 a.m.

Following the announcement made on February 20, Rubis has finalized, at the end of April, the acquisition of 100% of Dinasa and its subsidiary Sodigaz, the leading distributors of fuel products in Haiti.

With 600,000 cbm distributed, Dinasa, the country's leading network of gas stations (125 sites), operates under the NATIONAL brand and operates in all segments of the fuel product market. Dinasa meets most of Rubis' investment criteria in its fuel distribution business: a leading player positioned on a niche market associated with the import logistics ownership.

Dinasa's sales volumes will increase Rubis Énergie's activity in the Caribbean by more than 35%, and will no doubt help leverage the supply chain.

During the year ended September 30, 2016, Dinasa generated EBITDA of €40.4 million.

Next event:

Q1 2017 revenue: May 9, 2017(Market closing)

Press Contact Analysts Contact
PUBLICIS CONSULTANTS - Aurélie Gabrieli RUBIS - Finance Department
Tel: +33 1 4482 4833 Tel: +33 (0) 1 4417 9595
RUBIS: DISCLOSURE OF THE TOTAL NUMBER OF VOTING RIGHTS AND OF THE NUMBER OF SHARES ON 04.30.2017

This document is a translation of the original French document and is provided for information purposes only. In all matters of interpretation of information, views or opinions expressed therein, the original French version takes precedence over this translation. 

Disclosure of the total number of voting rights and of the number of shares making up the Company's capital as provided for in Articles L.233-8 II
of the French Commercial Code and 223-16 of the General Regulations of the French Financial Markets Authority

The Company informs its shareholders that its capital amounts to €113,841,420 as of April 30th, 2017. It is divided into 45,536,568 shares with a nominal value of €2.50 and 45,536,568 voting rights.

*****

Paris, May 2nd, 2017 - 17:35

Name of the Issuer:

RUBIS
Partnership Limited by Shares
With a capital of €113,841,420
Company's register number: 784 393 530 RCS Paris
Head Office: 105, avenue Raymond Poincaré, 75116 Paris - FRANCE

Contact:

Maura Tartaglia
Phone: +331 44 17 95 95
Mail: m.tartaglia@rubis.fr

RUBIS: PUBLICATION OF 2016 REGISTRATION DOCUMENT

This document is a translation of the original French document and is provided for information purposes only. In all matters of interpretation of information, views or opinions expressed therein, the original French version takes precedence over this translation.


Paris, May 4, 2017 - 5:35 pm

Press Release: Regulated Information

Rubis announces the publication of its 2016 Registration Document, which was filed with the Autorité des Marchés Financiers (French Financial Market Authority - AMF) on April 27, 2017.

This document is available on the company's website at:

www.rubis.fr

in the section "Publications - Financial Reports - Registration documents" and/or directly from the home page.

It is also available at the company's registered office: 105, avenue Raymond Poincaré, 75116 Paris.

The Registration Document includes:

  • the annual financial report;
  • the report of the Chairman of the Supervisory Board on the composition of the Board in accordance with Article L. 226-10-1 of the French commercial code;
  • compensation and benefits of Management and Supervisory bodies;
  • the Statutory Auditors' reports on the separate financial statements, on the consolidated financial statements, on the regulated agreements and commitments and on the report of the Chairman of the Supervisory Board;
  • information on the Statutory Auditors' fees.

*****

105, avenue Raymond Poincaré
75116 Paris - France
Tel.: +33 (0)1 44 17 95 95
Fax: +33 (0)1 45 01 72 49
E-mail: rubis@rubis.fr
www.rubis.fr
Partnership Limited by Shares with share capital of €113 841 420  
PARIS TRADE AND COMPANIES REGISTER NO. 784 393 530 - APE Code 6420Z

RUBIS: PREPARATORY DOCUMENTS FOR THE COMBINED SHAREHOLDERS' MEETING OF JUNE 8, 2017

Paris, May 9, 2017, 5:34 pm

Press Release Related to Regulated Information

The Rubis' shareholders are invited to participate in the combined shareholders' meeting that will take place:

Thursday June 8, 2017 at 3:00 pm

Salons Hoche

9, avenue Hoche - 75008 Paris - France

The notice of meeting that set out the agenda and the draft resolutions was published on April 21, 2017 in the Bulletin des Annonces Légales Obligatoires ("BALO"). Another notice of meeting will be published in the BALO on May 22, 2017 and in a legal gazette.

The preparatory documents translated into English will be available on the Company's website (www.rubis.fr) on May 15 in the following section: "Shareholder - General meeting".

These documents will be also available at the Rubis' head office: 105 Avenue Raymond Poincaré, 75116 Paris - France. They can be requested by mail at the following address: Caceis Corporate Trust - Service Assemblées, 14 rue Rouget-de-Lisle, 92862 Issy-les-Moulineaux cedex 9.

*****

105, avenue Raymond-Poincaré
75116 Paris - France
Phone. : +33 (0)1 44 17 95 95
Fax : +33 (0)1 45 01 72 49
Mail : rubis@rubis.fr
www.rubis.fr
Partnership limited by shares with a capital of €113 841 420
784 393 530 RCS PARIS - Code APE 6420Z

RUBIS: FIRST-QUARTER REVENUE: €896 MILLION (+22%) - GOOD START TO THE YEAR, WITH VOLUME GROWTH OF 8%

Paris, May 9, 2017, 5.35 p.m.

The Group's two business segments both performed well in the first quarter of 2017, with a composite indicator putting growth at 8% for retail distribution volumes at Rubis Énergie and storage revenues at Rubis Terminal (all terminals).

Consolidated revenue totaled €896 million, an increase of 22% (+21% at constant scope), including the impact of the sharp rise in prices of petroleum products (+68%) - without affecting profitability - and growth in overall activity (+8%).

The change in the scope of consolidation over the period comprises:                 

  • acquisition of the residual 50% of the depot in Turkey allowing the full consolidation of this site since January 1, 2017;
  • acquisition of Bermuda Gas (in April 2016) and disposal of Multigas in Switzerland (in December 2016), together with no significant effect.

Business trends over the period prompt the following comments:

  • Rubis Énergie's volumes in final distribution were up a solid 7%, marked by further market share gains in Europe and a sustained recovery in bitumen in Africa.

The period was marked by a sharp upturn in prices of petroleum products: propane prices were up 68% year-on-year and 17% quarter-on-quarter. Change in unit margins once again reflects impressive resilience in this context of high volatility;

  • Rubis Terminal began 2017 on a sustained pace of growth, with storage revenue up 14% - scope under management, taking into account 100% of all terminals - fuel storage revenues in France up 9%, storage capacity in Northern Europe up 23% and the revenues of the Ceyhan terminal in Turkey up 25%.
Revenue (in €M) Q1-2017 Change
Distribution of fuel products
Europe
Caribbean
Africa
635
152
324
160
+24%
+17%
+24%
+33%
Support and Services 165 +10%
Bulk liquid storage
Bulk liquid storage and services
Wholesale of petroleum products
95
42
53
+29%
 +38%
+23%
Total consolidated revenue 896 +22%

Please note that no events significantly altering the Group's financial structure have occurred since the release of the financial statements for the year ended December 31, 2016.

Distribution of fuel products

Rubis Énergie combines all fuel retailing: petrol stations, commercial heating oil, aviation and marine fuel, lubricants, bitumen and LPG.

Rubis Énergie recorded sustained growth of 7% in volumes sold. Changes in the scope of consolidation - the acquisition of Bermuda Gas and the disposal of Multigas (Switzerland) - were not material during the period. Against a backdrop of great volatility in supply prices (+68%), unit margins once again demonstrated impressive resilience thanks to the Group's diversification, both geographically and by product.

Geographical breakdown of volumes
(retail distribution)

(In '000 m3) Q1-2017 Q1-2016 Change Change at
constant scope
Europe 241 231 +4% +5%
Caribbean 410 403 +2% +2%
Africa 255 216 +18% +18%
TOTAL 906 850 +7% +7%
  • Europe: 2017 volumes were up 5% despite climate indices close to 2016 levels, with only the month of January having been particularly cold. Sales momentum (contract signing) was sustained over the period, resulting in further market share gains.
  • Caribbean: volumes sold continued to grow at a rate of 2%, with good momentum in gas station networks (+3%).
  • Africa: this geography recorded an increase of 18% in total volumes sold. Bitumen volumes were up sharply in West Africa (+69%), thanks particularly to government action to revive infrastructure investment after a two-year slump.

Support and Services

The Support and Services business includes the revenue of Sara (Antilles refinery) and all supply, trading and shipping activities. Revenue totaled €165 million, an increase of 10%. The period was marked by the resumption of growth in the bitumen supply and shipping activities thanks to a favorable price structure.

The volumes of all products covered by the segment totaled 236,000 m3.

Bulk liquid storage

Storage revenues reported by the Rubis Terminal division totaled €42 million, an increase of 38%, including the consolidation of the Rubis Terminal depot in Turkey, which was wholly owned as of January 1 (+9% at constant scope).

The Rubis Terminal division's overall storage revenues - taking into account 100% of all terminals under management - increased by 14%.

In France, revenues from all products increased by 8%:

  • good performance by the petroleum products business: oil billings increased by 9% on a 2% increase counterwise in consumption of road fuels and domestic heating oil;
  • other products grew by 8% overall, including 15% for the chemicals segment, which benefited from the start of new contracts.

Rotterdam (+14%) and Antwerp (+33%): the favorable trend revenue reflects the introduction of new chemical product storage capacities, on which the occupancy rate is high.

Ceyhan (Turkey), wholly owned since January 1, enjoyed a particularly active start to the year: +28% in terms of both revenues for the transit of raw products and the traders' activity (fuel oil).

Fuel wholesale revenue reached to €53 million (+23%).

Upcoming events:
AGM on June 8, 2017
2017 half-year results on September 7, 2017 (Market closing)

Press Contact Analysts Contact
PUBLICIS CONSULTANTS - Aurélie Gabrieli RUBIS - Bruno Krief
Tel: +33 (0) 1 4482 4883 Tel: +33 (0) 1 4417 9595
RUBIS: RESULTS FROM THE CAPITAL INCREASE RESERVED FOR GROUP EMPLOYEES

This document is a translation of the original French document and is provided for information purposes only.
The original French version takes precedence over this translation

  
Paris, May 18, 2017 at 6:35 pm

Press release regarding ongoing information

Rubis had announced, on February 1, 2017, a capital increase reserved for eligible employees of the companies belonging to the Corporate Savings Plan, Rubis Avenir. Rubis announced on February 1 2017, a capital increase reserved for eligible employees of the companies belonging to the Corporate Savings Plan, Rubis Avenir. The maximum nominal amount authorized by the shareholders at the June 5th, 2015 meeting was €700,000 (280,000 Rubis shares), from which was deducted the amount of €161,610 (64 644 Rubis shares) used for the capital increase reserved for the Group's employees of 2016.
Therefore, the 2017 capital increase was limited to a maximal nominal value of €538,390 equivalent to 215,356 Rubis shares.     

The subscription price had been set at €61.40, which, pursuant to Article L 3332-19 of the French Labor Code, represents 80% of the average of the opening rates quoted during the 20 trading days preceding the decision of the Board of Management of January 2, 2017.

The subscription period was extended from March 20 to April 7, 2017.

The funds invested into Rubis shares through FCPE Rubis Avenir will be available at the end of a 5-year lock-up period, except in the case of an early release.

At the end of the subscription, Rubis confirmed that 614 employees, or 68.76% of the eligible employees, thus subscribed to the capital increase, in the amount of €5,462,942.20. 

88,973 new shares (or 0.19% of outstanding shares) were issued on May 17, 2017.

The new shares are eligible for dividends as of January 1, 2017 and are considered to be of the same rank as existing shares. Their acceptance for trading on the Euronext Paris market was requested as from their issuance, on a second listing line, in comparison with the existing shares.

At the end of this transaction, the share capital of Rubis was brought up to €114,044,390, divided into 45,617,756 shares, with a nominal value of €2.50.

This press release constitutes the regulated information required pursuant to articles 212-4 5° and 212-5 6° of the AMF General Regulation and article 14 of instruction 2005-11 of December 13, 2005, issued as a press release in accordance with the Article 221-3 of the AMF General Regulation.

***

RUBIS: DISCLOSURE OF THE TOTAL NUMBER OF VOTING RIGHTS AND OF THE NUMBER OF SHARES ON 05.31.2017

Disclosure of the total number of voting rights and of the number of shares making up the Company's capital as provided for in Articles L.233-8 II of the French Commercial Code and 223-16 of the General Regulations of the French Financial Markets Authority

The Company informs its shareholders that its capital amounts to €114,188,475 as of May 31th, 2017. It is divided into 45,675,390 shares with a nominal value of €2.50 and 45,675,390 voting rights.

*****

Paris, May 31th, 2017 - 17:35

Name of the Issuer:

RUBIS
Partnership Limited by Shares
With a capital of € 114,188,475
Company's register number: 784 393 530 RCS Paris
Head Office: 105, avenue Raymond Poincaré, 75116 Paris - FRANCE

Contact:

Maura Tartaglia
Phone: +331 44 17 95 95
Mail: m.tartaglia@rubis.fr

RUBIS: OPTION FOR THE PAYMENT OF THE 2016 DIVIDEND IN SHARES

This document is a translation of the original French document and is provided for information purposes only.
The original French version takes precedence over this translation

  
Paris, June 9, 2017 at 3:00 pm

PRESS RELEASE IN RESPECT OF THE ONGOING PROVISION OF INFORMATION

Rubis' Ordinary and Extraordinary Shareholders' Meeting held on June 8, 2017 approved in the 3rd and 4th resolutions the payment of a dividend of €2.68 per share and has offered each shareholder the option of payment in cash or in new Company shares.

The price of these new shares to be issued in payment of the dividend has been set at €90.80, equal to 90% of the average opening price quoted on Euronext Paris during the 20 trading days preceding the date of the Shareholders' Meeting, less the net amount of the dividend (€2.68), rounded up to the closest euro cent.

The maximum total number of new shares liable to be issued is 1,345,273, representing approximately 4.08% of the share capital and voting rights on the date of the Shareholders' Meeting.

The shares issued as payment of the dividend will carry full rights from January 1, 2017 and will be fully fungible with existing shares. They will be the subject of an application for admission to trading on Euronext in Paris under the same code as the existing shares, at their time of issue.

Shareholders wishing to opt for payment of the dividend in shares may make a request to the intermediaries authorized to pay said dividend between June 9, 2017 (ex-dividend date) and June 30, 2017 inclusive. Shareholders who have not exercised their right to choose once this deadline has expired may only receive the dividends that are due to them in cash. The payment of the cash dividend will take place on July 6, 2017, as will the issue of shares corresponding to the payment of the dividend in shares.

The shareholder's choice is applicable to the whole amount of the dividend due.

If the amount of the dividend due does not correspond to a whole number of shares, shareholders must stipulate, when stating their wish to receive their payment in shares, whether they wish to receive:

  • either the number of shares immediately below this plus a cash payment;
  • or the number of shares immediately above this, settling the difference in cash on the same date.

This press release constitutes the information document required pursuant to Articles 212-4 4° and 212-5 5° of the General Regulation of the AMF, as well as Article 13 and Appendix III of AMF Instruction N° 2005-11 of December 13, 2005 as amended and issued in the form of a press release in accordance with Article 221-3 of the General Regulation of the AMF.

***

105, avenue Raymond-Poincaré
75116 Paris - France
Tel: +33 (0)1 44 17 95 95
Fax: +33 (0)1 45 01 72 49
E-mail: rubis@rubis.fr
www.rubis.fr
SCA with share capital of €114,188,475
Paris Trade Registry 784 393 530 - Code APE 6420Z

RUBIS: DISCLOSURE OF THE TOTAL NUMBER OF VOTING RIGHTS AND OF THE NUMBER OF SHARES ON 06.30.2017

This document is a translation of the original French document and is provided for information purposes only. In all matters of interpretation of information, views or opinions expressed therein, the original French version takes precedence over this translation.

Disclosure of the total number of voting rights and of the number of shares making up the Company's capital as provided for in Articles L.233-8 II of the French Commercial Code and 223-16 of the General Regulations of the French Financial Markets Authority

The Company informs its shareholders that its capital amounts to €114,290,957.50 as of June 30th, 2017. It is divided into 45,716,383 shares with a nominal value of €2.50 and 45,716,383 voting rights.

*****

Paris, June 30th, 2017 - 17:35

Name of the Issuer:

RUBIS
Partnership Limited by Shares
With a capital of € 114,290,957.50
Company's register number: 784 393 530 RCS Paris
Head Office: 105, avenue Raymond Poincaré, 75116 Paris - FRANCE

Contact:

Maura Tartaglia
Phone: +331 44 17 95 95
Mail: m.tartaglia@rubis.fr

RUBIS: HALF-YEAR STATEMENT ON THE LIQUIDITY CONTRACT SIGNED BETWEEN RUBIS AND EXANE BNP PARIBAS

This document is a translation of the original French document and is provided for information purposes only.
The original French version takes precedence over this translation.


Under the liquidity contract signed between RUBIS and EXANE BNP PARIBAS, the following resources appeared on the liquidity account on June 30, 2017:

  • 6,053 RUBIS shares
  • 2,615,236 euros

For information, at the time of the last assessment on December 31st 2016, the following resources were available:

  • 14,391 RUBIS shares
  • 1,920,047 euros

*****

Paris, July 5, 2017 - 5:35 p.m.

Name of the Issuer:

RUBIS
Partnership limited by shares
with a capital of 114,290,957.50 euros
784 393 530 RCS PARIS - Code APE 6420Z
Head Office:105, avenue Raymond-Poincaré - 75116 Paris - France

Contact :

Maura Tartaglia
Tel : +33 (0)1 44 17 95 95
Email : m.tartaglia@rubis.fr

RUBIS: RESULT OF THE OPTION FOR DIVIDEND PAYMENT IN SHARES

This document is a translation of the original French document and is provided for information purposes only.
The original French version takes precedence over this translation

Paris, July 6, 2017 at 5:35 pm

The option for the payment of the dividend in shares attracted strong interest among Rubis shareholders again this year: 75.79% of rights were exercised in favor of share-based payments.

As a result, 1,142,129 new shares were created. After the increase, they represent 2.44% of the new share capital. Delivery of the 1,142,129 shares and their admission to trading on Euronext in Paris is scheduled for July 6, 2017.

These shares, which rank for dividend as from January 1, 2017, will be immediately fungible with the Company's existing shares.

The cash dividend, paid on July 6, 2017, totaled €29,594,556.60.

Following this transaction, Rubis' share capital will total €116,928,615, divided into 46,771,446 shares with a par value of €2.50 each.

For the record, Rubis' Ordinary and Extraordinary Shareholders' Meeting of June 8, 2017 set the dividend in respect of 2016 at €2.68 per share and the price of the new shares issued in payment of the dividend at €90.80.

****

The Rubis share is traded on a continuous basis on the Eurolist of Euronext in Paris.
(ISIN code: FR0000121253)

105, avenue Raymond-Poincaré
75116 Paris - France
Tel: +33 (0)1 44 17 95 95
Fax: +33 (0)1 45 01 72 49
E-mail: rubis@rubis.fr
www.rubis.fr
SCA with share capital of €117,173,217.50
Paris Trade Registry 784 393 530 - Code APE 6420Z

RUBIS : TWO-WAY SPLIT OF THE PAR VALUE OF THE COMPANY'S SHARES BY THE ALLOCATION OF NEW SHARES

This document is a translation of the original French document and is provided for information purposes only.
The original French version takes precedence over this translation

 

Paris, July 14th, 2017 - 8:55 am

 

 

 

Two-way split of the par value of the Company's shares

by the allocation of new shares

 

The Shareholders' Combined Meeting of June 8th 2017, in adopting the 13th resolution, resolved to perform a 2-way split by reducing the par value of each Rubis share and gave all powers to the Board of Management to set the effective date of the stock split and to make any other adjustments required.

 

Therefore, during its meeting of July 13th 2017, the Board of Management decided to carry out the 2-way split by reducing the par value of each Rubis share from €2.50 to €1.25; each shareholder will receive 2 new shares for 1 old share.

 

The new shares will have the same rights as the existing shares they will replace and the amount of the share capital will remain unchanged.

 

The operation has been scheduled as below :

 

  • Thursday, July 13th, 2017: publication of the Euronext notice ;
     
  • Friday, July 28th, 2017 : delisting of the former shares (ISIN code FR000012153) and 1st day of listing of the new shares with a par value of €1.25 (ISIN code FR0013269123) ;
     
  • Tuesday, August 1st, 2017 : registration of the new shares.

 

 

 

***

 

 

 

105, avenue Raymond-Poincaré

75116 Paris - France

phone : +33 (0)1 44 17 95 95

fax : +33 (0)1 45 01 72 49

mail : rubis@rubis.fr

www.rubis.fr

Partnership limited by shares with a share capital of €117,180,950

784 393 530 RCS PARIS - Code APE 6420Z

 

RUBIS PURCHASES THE LEADING FUEL MARKETER IN MADAGASCAR

Paris, July 20, 2017, 5.35 p.m.

  
Rubis has completed this day the acquisition of Galana Group companies in Madagascar, the country's leading fuel marketer.

With 260,000 cbm of fuel retailed in 2016, Galana is present on the main fuel market segments: petrol station network strong of 71 units, commercial fuels including mining and utilities sector, LPG and lubricants. Supporting its operations, Galana controls the island's sole import terminal.

This strategic asset located in Tamatave has a storage capacity of 260 000 cbm and benefits from a private access to the jetty.

Galana fully meets Rubis' investment criteria in fuel marketing: a leading player (30% market share) along with the import logistic ownership.

Together with its current business in La Réunion (SRPP - 240 000 cbm) this acquisition reinforces Rubis' operations in the Indian Ocean in fuel distribution. This boost will no doubt help generate additional leverage through volumes combined with economies of scale in shipping.

During the year ended 2016, Galana has posted a turnover of USD 215 million.

This acquisition is effective immediately contributing to Rubis' consolidation scope from July 1st, 2017.

Next event:

2017 half-year results on September 7, 2017 (Market closing)

Press Contact Analysts Contact
PUBLICIS CONSULTANTS - Aurélie Gabrieli RUBIS - Finance Department
Tel: +33 1 4482 4833 Tel: +33 (0) 1 4417 9595
RUBIS TO ISSUE NEW EQUITY INSTRUMENTS TO FURTHER STRENGTHEN ITS FINANCIAL RESOURCES

This document is a translation of the original French document and is provided for information purposes only. 
The original French version takes precedence over this translation.

Paris, July 21, 2017, 17.35 p.m.

Fueled by an acquisitive growth dynamic, Rubis launches a new equity line programme aiming at building up its financial capability while maintaining a strong balance sheet structure.

This mechanism, designed to raise equity, has proven to be particularly appropriate with Rubis' growth strategy, providing both flexibility and complementarity with other sources of financing such as organic cash flow and bank loans, at a time when Rubis is pursuing acquisitive growth and intensifying its capital expenditures plans.

Accordingly, under the powers delegated to it by the Combined General Meetings of shareholders and General Partners held on June 8, 2017, Rubis has implemented on July 21,2017 two equity lines programmes, through equity warrants issued to Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) and Société Générale, allowing to carry out successive equity issues within the authorized limit of a par value €5,500,000 (corresponding to 4,400,000 shares with a par value of €1.25), i.e. within the limit of 5% of the Company's issued share capital as of June 8, 2017.

Crédit Agricole CIB and Société Générale have signed an equity line agreement with Rubis on July 21, 2017 enabling them to subscribe respectively 2,200,000 equity warrants as from the effective date of the two-way split of the par value of the Rubis' shares, i.e. the first trading day of the new shares which to be issued on July 28, 2017. Those equity warrants can be exercised solely by Rubis during a period of 40 months, in successive tranches, each bank being committed to subscribe directly or through one of their subsidiaries, the Rubis' shares resulting from the equity warrants.

The share subscription price will be set according to the 3 previous trading days volume-weighted average price at a 5% discount.

On the basis of the current share price the potential increase in shareholders' equity could be as much as €210 million.

The two banks, acting in their capacity as financial intermediaries, don't intend to become long-term shareholders of the Company.

Potential impact of this equity line on a 1% stake in the Company held prior to the share issue (if the number of shares making up the share capital does not change until July 28, 2017, the share capital of RUBIS will then be composed of 93,761,372 shares with a par value of €1.25):

  Before issue After issue
  Non-diluted basis Diluted basis(1) Non-diluted basis Diluted basis(1)
Value before and after the issue of 4,400,000 new shares 1.00% 0.989% 0.955% 0.956%

(1)           If the 130,738 bonus shares and 8,680 preferred shares are likely to be convertible into a maximum of 868,000 ordinary shares, which the Vesting Period is subject to performance criteria.

Upcoming events:

2017 half-year results on September 7, 2017 (Market closing)

Press Contact Analysts Contact
PUBLICIS CONSULTANTS - Aurélie Gabrieli RUBIS - Finance Department
Tel: +33 1 4482 4833 Tel: +33 (0) 1 4417 9595
RUBIS: DISCLOSURE OF THE TOTAL NUMBER OF VOTING RIGHTS AND OF THE NUMBER OF SHARES ON 07.31.2017

This document is a translation of the original French document and is provided for information purposes only. In all matters of interpretation of information, views or opinions expressed therein, the original French version takes precedence over this translation.

Disclosure of the total number of voting rights and of the number of shares making up the Company's capital as provided for in Articles L.233-8 II of the French Commercial Code and 223-16 of the General Regulations of the French Financial Markets Authority

The Company informs its shareholders that its capital amounts to €117,201,715 as of July 31th, 2017. It is divided into 93,761,372 shares with a nominal value of €1.25 and 93,761,372 voting rights.

*****

Paris, July 31th, 2017 - 17:35

Name of the Issuer:

RUBIS
Partnership Limited by Shares
With a capital of € 117,201,715
Company's register number: 784 393 530 RCS Paris
Head Office: 105, avenue Raymond Poincaré, 75116 Paris - FRANCE

Contact:

Maura Tartaglia
Phone: +331 44 17 95 95
Mail: m.tartaglia@rubis.fr

RUBIS STRENGTHENS ITS POSITION IN PORTUGAL THROUGH THE PURCHASE OF CERTAIN LPG ASSETS FROM REPSOL

Paris, July 31, 2017, 9:00 p.m.

   

Rubis takes over the distribution LPG assets of Repsol in the islands of Madeira and Azores (Portugal) as well as the piped networks located in Portugal mainland.

This acquisition enables Rubis to include a piped distribution business into its portfolio and to reach a critical mass for its existing activities in Madeira and Azores.

This transaction represents an additional annual volume in a range of 15 000 tons, i.e. 12% of the current volumes already locally marketed by the Group and generates an annual EBITDA close to €6 million.

The assets comprise packed, bulk and piped activities together with the associated operational facilities.

For the piped networks mainland the transaction has a positive impact on Rubis' profit since completion (July 1, 2017). The transaction regarding Madeira and Azores will be subject to prior agreement from the Portuguese Competition Authority.

This new acquisition illustrates the Rubis' development strategy in niche markets to complement its existing activities.

Next event:

2017 half-year results on September 7, 2017 (Market closing)

Press Contact Analysts Contact
PUBLICIS CONSULTANTS - Aurélie Gabrieli RUBIS - Finance Department
Tel: +33 1 4482 4833 Tel: +33 (0) 1 4417 9595
RUBIS: DISCLOSURE OF THE TOTAL NUMBER OF VOTING RIGHTS AND OF THE NUMBER OF SHARES ON 08.31.2017

This document is a translation of the original French document and is provided for information purposes only. In all matters of interpretation of information, views or opinions expressed therein, the original French version takes precedence over this translation.

DISCLOSURE OF THE TOTAL NUMBER OF VOTING RIGHTS AND OF THE NUMBER OF SHARES MAKING UP THE COMPANY'S CAPITAL AS PROVIDED FOR IN ARTICLES L.233-8 II OF THE FRENCH COMMERCIAL CODE AND 223-16 OF THE GENERAL REGULATIONS OF THE FRENCH FINANCIAL MARKETS AUTHORITY

The Company informs its shareholders that its capital amounts to €117,332,175 as of August 31th, 2017. It is divided into 93,865,740 shares with a nominal value of €1.25 and 93,865,740 voting rights.

*****

Paris, August 31th, 2017 - 17:35

Name of the Issuer:

RUBIS
Partnership Limited by Shares
With a capital of € 117,332,175
Company's register number: 784 393 530 RCS Paris
Head Office: 105, avenue Raymond Poincaré, 75116 Paris - FRANCE

Contact:

Maura Tartaglia
Phone: +331 44 17 95 95
Mail: m.tartaglia@rubis.fr

OVERALL SALES VOLUME UP 11% - NET INCOME UP 34%

7 September 2017, 5:35 pm

At its meeting of 7 September 2017, Rubis' Supervisory Board approved the half-yearly financial statements for the period ended 30 June 2017.

The first half of 2017 saw robust organic growth, reflected by an 8% increase in the overall sales volume at constant scope. The acquisitions completed in Haiti and Turkey in the first half of 2017 made a positive contribution to results, leading to a 10% increase in EBIT (stable at constant scope).

Completion of the acquisition of the shareholders' interests in Turkey resulted in non-recurring income of €14 million. Overall, the Group recorded record net income of €139 million, up 34% (8% at constant scope).

All three of the Group's business divisions contributed to this increase, driven both by organic growth and acquisitions, which generated a strong contribution in terms of profitability:

  • Rubis Énergie benefited from an 8% increase in distributed volumes (up 4% at constant scope) that led to a 13% increase in EBIT (up 6% at constant scope), driven in particular by a rebound in business and margins in the bitumen sector in Africa;
  • Rubis Support and Services recorded a strong recovery in sales volumes thanks in particular to the bitumen sector. However, the decline in unit margins meant that, excluding non-recurring expenses, EBIT remained stable;
  • Rubis Terminal enjoyed strong growth (+11%) of its storage revenues, with all depots operating at full capacity. Rubis Terminal Petrol (Turkey) has been fully consolidated since 1 January and made a strong contribution to the results, generating a 31% increase in EBIT (+7% at constant scope, excluding non-recurring expenses).

KEY FIGURES FOR THE FIRST HALF-YEAR

(in € millions) 2017 2016 Change
Revenue 1,815 1,453 25%
EBITDA 238 213 12%
EBIT, of which 177 160 10%
  Rubis Énergie 126 112 13%
  Rubis Support and Services 31 33     -7%
  Rubis Terminal 31 24 31%
Net income, Group share 139 104 34%
Cash flow 189 165 15%
Capital expenditure 80 76  

The 15% increase in cash flow generation over the period reflects the quality of the results.

At the end of April, Rubis completed the acquisition of Dinasa in Haiti to become the largest distributor of petroleum products on the island and significantly expand its business in the Caribbean region.

In July, Rubis announced the acquisition of Galana, the leading distributor of petroleum products in Madagascar, thereby scaling up its operations in the Indian Ocean. It also acquired certain LPG distribution assets in Portugal from Repsol.

The Group's financial position following these transactions remains solid, with an annualised net debt to EBITDA ratio of 1.4.


RUBIS ÉNERGIE: Petroleum products distribution

Propane prices were up sharply compared with the first half of 2016 (+41% in USD). This change had no overall impact (unit margin: +2%), affecting only European operations, where a slight (-3%) contraction in the unit margin was observed in the LPG segment.

CHANGE IN VOLUMES SOLD BY GEOGRAPHIC AREA
IN THE FIRST HALF-YEAR

(in '000 m3) 2017 2016 Change Change at constant scope
Europe 426 425 0% 1%  
Caribbean 908 818 11% -3%  
Africa 496 451 10% 10%  
TOTAL 1,830 1,694 8% 2%  

CHANGE IN VOLUMES SOLD BY GEOGRAPHIC AREA
IN THE SECOND QUARTER

(in '000 m3) Q2 - 2017 Q2 - 2016 Change Change at constant scope
Europe 185 193 -4% -4%
Caribbean 498 415 20% -6%
Africa 242 234 3% 3%
TOTAL 926 842 10% -3%

Volumes as reported were up 8% at current scope. Changes in scope over the period concern the Caribbean, with the acquisition of Dinasa (Haiti). Adjusted for the scope effect, sales increased by 2% despite a slight reduction (-1%) in LPG sales in Europe related to adverse weather conditions (worse than the 30-year average and in 2016).

Adjusted for non-recurring items including termination of a relatively unprofitable wholesale contract to supply EDF with crude fuel oil in Martinique, and a strike in French Guiana, sales volumes in the Caribbean were up by 2% and overall volumes by 4% (at constant scope).

In terms of unit margins, the decline seen in LPG in Europe (-3%) was offset by the strong rebound in Africa's bitumen sector (up 9%), enabling the overall unit margin to remain at a satisfactory level.   

Overall, the division posted record EBIT of €126 million (up 13%):

  • Europe (EBIT -12%): the contraction was attributable to climatic factors, a negative unit margin effect and a 2016 base effect. At constant scope, EBIT fell by 11%;
  • Caribbean (EBIT +25%): the sharp growth in the Eastern Caribbean reflecting expansion of the sales network was offset by a reduction in Jamaica resulting from the local refiner's aggressive positioning. The situation stabilised at the end of the period. The results include Haiti's two-month contribution. At constant scope, EBIT was stable;
  • the results in Africa (EBIT +33%) were buoyed by the bitumen sector, notably in Nigeria. The existing scope (South Africa, Morocco, Madagascar and Réunion) continues to grow apace (up 11%).

RUBIS SUPPORT AND SERVICES: Refining, shipping, and trading-supply

This sub-group comprises Rubis Énergie's petroleum product supply facilities:

  • the 71% interest in the Caribbean refinery (Sara);
  • the trading and supply activity, based in Barbados and operating in international markets;
  • in logistics support, the shipping activity (12 chartered vessels).

EBIT came in at €31 million compared with €33 million in 2016. Excluding a non-recurring provision, EBIT was unchanged.

The results of the Sara refinery are recognised using the calculation formula set by decree (9% of equity at the end of the prior year), and were stable year on year.

While sales volumes at the petroleum products and bitumen trading, supply and shipping activity were up sharply (by 59%), unit margins were lower than in 2016, resulting in an unchanged EBIT excluding a non-recurring provision.

RUBIS TERMINAL: Liquid products storage

The storage activity reported revenue growth of 35% as a result of the full integration of Rubis Terminal Petrol (Turkey). However, activity measured as revenue incorporating 100% of the scope assets (unchanged) grew by 11%, with storage billings of €96.9 million, representing flows across all products of 7.3 million tonnes, up 14%.

This growth (11%) breaks down geographically as follows:

  • France storage: +3%, driven by oil revenues (up 5%);
  • Northern Europe storage: +27%, reflecting the increase in capacity at the end of 2016, with a utilisation rate of almost 90%;
  • Turkey: +19%, characterised by strong growth in flows from and to northern Iraq (Kurdistan).

Reported EBIT increased by 31% to €31 million. However, the performance analysed based on a comparable scope, including the contribution of Antwerp (SME) to EBIT and adjusting for non-recurring expenses, was up 7%.

OUTLOOK

The increase in activity and the integration of acquisitions in the second half of the year is expected to sustain earnings growth over full year 2017.

Next results:

Third-quarter revenue on 9 November 2017 (after market close)

Media contact Analyst contact
PUBLICIS CONSULTANTS - Aurélie Gabrieli RUBIS - Investor relations
Tel: +33 (0)1 44 82 48 33 Tel: +33 (0)1 44 17 95 95
HURRICANE IRMA: RUBIS IS OPERATIONAL IN THE CARIBBEAN ZONE
PRESS RELEASE

13 September 2017, 4:00 p.m.

Rubis manages the largest fuel distribution network in the Caribbean Sea, representing nearly 400 gas stations.

Regarding the islands in Hurricane Irma's path between 5 and 7 September (Antigua, Saint-Barthélemy and the Turks and Caicos Islands), all storage depots are operational.

Material damage has affected a marginal number of stations (less than 2%) in Saint-Barthélemy and the Turks and Caicos Islands. To date, the fuel distribution has resumed, thanks to the installation of generators. Material damage will be covered by the Group's insurance policies.

Furthermore, Rubis Antilles Guyane and Sara, the Group's refinery are actively providing human, technical and logistical resources and are organizing humanitarian aid to the victims of Saint-Barthélemy, as well as Saint-Martin, where the Group has no operations.

Rubis' location in the Caribbean zone

Next event:

Third-quarter revenue on 9 November 2017 (after market close)

Media contact Analyst contact
PUBLICIS CONSULTANTS - Aurélie Gabrieli RUBIS - Investor Relations
Tel: +33 (0)1 44 82 48 33 Tel: +33 (0)1 44 17 95 95
RUBIS: GENERAL OVERVIEW FOLLOWING HURRICANE MARIA IN THE CARIBBEAN

21 September 2017, 6:00 p.m.

In the French Antilles, all the terminals (fuels, LPG, bitumen) are currently operational. The refinery (SARA) is fully operational as well as its loading trucks. All gas stations are currently fully operational.

In Dominica, our storage and jetty facilities have held out quite well after Maria. The gas stations network is not yet fully operational due the damage on the road network.

The damages are covered by the Group's insurance policies.

The Group does actively participate in support and assistance in the area.

Next event:

Third-quarter revenue on 9 November 2017 (after market close)

Media contact Analyst contact
PUBLICIS CONSULTANTS - Aurélie Gabrieli RUBIS - Investor Relations
Tel: +33 (0)1 44 82 48 33 Tel: +33 (0)1 44 17 95 95