Rubis (RBSFY) Q4 2024 Earnings Call Transcript

2025-03-13 22:23:38 ET

Rubis (RBSFY)

Q4 2024 Earnings Conference Call

March 13, 2024 01:00 PM ET

Company Participants

Jacques Riou - Founder and Managing Partner

Clarisse Gobin-Swiecznik - Managing Partner

Marc Jacquot - CFO

Jean-Christian Bergeron - CEO, Rubis Énergie

Conference Call Participants

Presentation

Jacques Riou

Good evening everyone. We'd like to thank you for joining us here this evening for this presentation of Rubis' Business in 2024. There are four people here. My name is Jacques Riou. I'm here as the Managing Partner of the group. We also have Clarisse Gobin-Swiecznik. And to my left, we have Jean-Christian Bergeron, who is the Director General of our most important subsidiary, Rubis Énergie; and Marc Jacquot, our CFO.

I'd like to point out that Jean-Christian and Marc will be joining the Management Board of the group during the year. Of course, if the AGM Meeting in June follows us on that motion.

I'd like to start by giving you a quick overview and a reminder of what Rubis is as a group. We have presence across three continents, 50 or so countries now. And it's worth remembering that we have strong presence in all of the countries where we operate with the exception, of course, of the countries that we've just added into our scope.

It's also noteworthy that we have quite an agile and a very decentralized organization. Our intent is to work as closely as possible with the end clients, our own end clients. By doing this, we're able to provide them with the energy that they need that meets their needs as closely as possible through our legacy products that we've been distributing, so LPG [ph], bitumens, lubricants, and the like, with also more recent low-carbon solutions, so biofuels or low-carbon electricity from solar panels.

To fulfill our mission to be able to provide our customers with a product that is competitively priced and safe, we have invested a lot in integration of the value chain. This means that we have very solid logistics.

We have everything from refineries in the French Antilles islands all the way down to specialized teams supplying the entire group that you can find in the Caribbean region and also in the Middle Eastern region, specifically Dubai.

We also have a fleet of ships, which is rare, if not unique, amongst our peers. You can see that we have a fleet of 16 ships, 10 of which are self-owned. These fully match our logistical needs. We have a lot of power because the ships are amongst the largest bitumen delivery ships and we also have a whole range of other sizes for agility.

We, of course, then, of course, have terminals and storage facilities where we need them, where third-party storage is not available or not large enough. We also sometimes have fleets of lorries where that may be required. Taken as a whole, this enables us to provide the correct solution to our clients -- our end clients, I mean.

In Africa, we have presence in 24 different countries and nearly 650 fuel stations and we are amongst the top three in each of those countries. Africa accounts for a little bit more than 30% of group's overall EBITDA, so a very significant weight across the group....

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