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 : 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