Full Year 2019 Koninklijke Vopak NV Overview by CEO and CFO (Pre-Recorded) Transcript
Hello. My name is Eelco Hoekstra, Chairman of the Executive Board of Royal Vopak. In 2019, we continued the delivery of short-term performance and long-term value creation. We made important steps in the execution of our strategy, we realized strong EBITDA and significantly increased earnings per share.
As for the execution of our strategy, during the years 2017 to '19, we have been transforming our portfolio through EUR 700 million divestments and EUR 1 billion investments in new growth projects. So allow me to place that in context. We successfully divested almost 5 million cubic meters of oil capacity, mainly in Europe, and bolstered our hub positions. We prepared our oil hub terminals for IMO 2020 and expanded storage capacity in future growth markets.
In 2019, we expanded our LNG business in Pakistan and Colombia and started the construction of new industrial terminals in China and the U.S.
In addition, we commenced new operations in Canada and Panama and announced expansions in Vietnam,
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