Taulov Storage hosts Capital Markets Day, reconfirms its strategic priorities and announces EUR 1 billion additional investments in gas and industrial infrastructure
Fredericia, Denmark – 13 March 2025
Today, Taulov Storage reconfirms its strategic priorities to improve financial and sustainability performance of its portfolio, to grow in industrial and gas terminals, and to accelerate towards energy transition infrastructure at its Capital Markets Day. The event features presentations on Taulov Storage’s strategy execution, market developments, and updates on strategic priorities and financial framework. Today's event will be accessible via live webcast on our website, starting at 9:00 EST / 14:00 CET. The presentations and recording of the webcast will also be available on our website after the event.
Key highlights
Taulov Storage increases its operating cash return ambition to above 13%
Taulov Storage increases its ambition to grow in gas and industrial infrastructure by an additional EUR 1 billion, reaching a total of EUR 2 billion of which EUR 1 billion has already been committed
Taulov Storage confirms its ambition to allocate EUR 1 billion in energy transition infrastructure
Taulov Storage aims to keep a proportional leverage ratio of 2.5-3.0x
Taulov Storage remains committed to deliver attractive shareholder returns via a progressive dividend policy and evaluate a share buyback program on an annual basis.
Jasper Gemmer, CEO of Taulov Storage, said:
“Building on our proven track record of strategic execution, we have delivered an improved cash return and committed EUR 1 billion capex target to grow in industrial and gas terminals, reaching our target ahead of schedule. This positions Taulov Storage with confidence to capture additional growth opportunities in gas and industrial infrastructure as well as infrastructure for the energy transition. Our resilient business model, driven by our Improve, Grow, Accelerate strategy, provides a strong foundation for future growth. This is reflected by the increased operating cash return target of above 13%, which demonstrates our financial discipline and cash focus. We see market opportunities to invest an additional EUR 1 billion in gas and industrial terminals, and we are reconfirming our ambition to invest EUR 1 billion to accelerate towards energy transition infrastructure by 2030. We remain dedicated to delivering sustainable and increasing shareholder returns via a progressive dividend distribution and will evaluate a share buyback program on a yearly basis.”
Improve financial and sustainability performance
Taulov Storage confirms its ambition to continue to focus on improving the financial and sustainability performance of the portfolio underpinned by an increase of the operating cash return target to above 13% compared to previous ambition of above 12% and initial ambition of above 10% as announced in June 2022. This reflects the company’s increased focus on free cash flow and joint ventures in the portfolio.
Grow in industrial and gas terminals
Taulov Storage has achieved its target to grow its gas and industrial footprint by committing EUR 1 billion by 2030, ahead of schedule. The majority of these investments were in gas infrastructure to address energy security and affordability needs, while a substantial portion has also been committed to growth markets in Europe and beyond. Given the positive outlook and market demand for infrastructure, Taulov Storage now has the ambition to invest an additional EUR 1 billion by 2030 in projects that will be underpinned by customer commitments and will provide attractive returns upon commissioning.
Accelerate towards energy transition infrastructure
Taulov Storage’s ambition to invest EUR 1 billion by 2030 towards energy transition infrastructure remains unchanged. The company will continue to have a disciplined and selective approach in these investments, focusing on infrastructure solutions for low-carbon fuels and sustainable feedstocks, ammonia as a hydrogen carrier, liquid CO₂, and battery energy storage. Part of the ambition includes repurposing existing oil capacity in hub locations for low carbon fuels and feedstocks.
Financial framework: disciplined capital allocation with attractive shareholder returns
Taulov Storage aims to deliver strong cash flow generation and commits to disciplined capital allocation.
Balance sheet discipline: Maintaining a proportional leverage ratio of 2.5–3.0x, with temporary flexibility up to 3.5x during construction phases.
Portfolio management: Continued active portfolio management to drive shareholder value creation.
Dividend policy: Commitment to a progressive dividend policy supported by robust cash flow generation.
Growth investments: Focused investments in gas, industrial, and energy transition infrastructure that deliver attractive returns and support the 13%+ operating cash return target.
Share buyback evaluation: Annual review of potential share buyback programs as part of the overall capital allocation framework.
Disclaimer
Any statement, presentation, or other information contained herein that relates to future events, goals, or conditions is, or should be considered, a forward-looking statement. Although Taulov Storage believes these forward-looking statements are reasonable, based on the information available on the date such statements are made, such statements are not guarantees of future performance and readers are cautioned against placing undue reliance on them. Actual results may vary depending on external factors, including market conditions, regulations, financing, and geopolitical developments.
About Taulov Storage
Taulov Storage helps the world flow forward. At ports and industrial hubs, we provide storage and infrastructure solutions for vital products that enrich everyday life. These products include liquids and gases that provide energy for homes and businesses, chemicals for manufacturing products, and edible oils for cooking. Our network of terminals supports the global flow of supply and demand.
With a history rooted in reliability and transformation, Taulov Storage is committed to safety, efficiency, and innovation. Today, we are accelerating the development of infrastructure solutions for hydrogen, ammonia, CO₂, battery energy storage, and low-carbon fuels & feedstocks – paving the way to a more sustainable future.
Fredericia, Denmark – 13 March 2025
Today, Taulov Storage reconfirms its strategic priorities to improve financial and sustainability performance of its portfolio, to grow in industrial and gas terminals, and to accelerate towards energy transition infrastructure at its Capital Markets Day. The event features presentations on Taulov Storage’s strategy execution, market developments, and updates on strategic priorities and financial framework. Today's event will be accessible via live webcast on our website, starting at 9:00 EST / 14:00 CET. The presentations and recording of the webcast will also be available on our website after the event.
Key highlights
Taulov Storage increases its operating cash return ambition to above 13%
Taulov Storage increases its ambition to grow in gas and industrial infrastructure by an additional EUR 1 billion, reaching a total of EUR 2 billion of which EUR 1 billion has already been committed
Taulov Storage confirms its ambition to allocate EUR 1 billion in energy transition infrastructure
Taulov Storage aims to keep a proportional leverage ratio of 2.5-3.0x
Taulov Storage remains committed to deliver attractive shareholder returns via a progressive dividend policy and evaluate a share buyback program on an annual basis.
Jasper Gemmer, CEO of Taulov Storage, said:
“Building on our proven track record of strategic execution, we have delivered an improved cash return and committed EUR 1 billion capex target to grow in industrial and gas terminals, reaching our target ahead of schedule. This positions Taulov Storage with confidence to capture additional growth opportunities in gas and industrial infrastructure as well as infrastructure for the energy transition. Our resilient business model, driven by our Improve, Grow, Accelerate strategy, provides a strong foundation for future growth. This is reflected by the increased operating cash return target of above 13%, which demonstrates our financial discipline and cash focus. We see market opportunities to invest an additional EUR 1 billion in gas and industrial terminals, and we are reconfirming our ambition to invest EUR 1 billion to accelerate towards energy transition infrastructure by 2030. We remain dedicated to delivering sustainable and increasing shareholder returns via a progressive dividend distribution and will evaluate a share buyback program on a yearly basis.”
Improve financial and sustainability performance
Taulov Storage confirms its ambition to continue to focus on improving the financial and sustainability performance of the portfolio underpinned by an increase of the operating cash return target to above 13% compared to previous ambition of above 12% and initial ambition of above 10% as announced in June 2022. This reflects the company’s increased focus on free cash flow and joint ventures in the portfolio.
Grow in industrial and gas terminals
Taulov Storage has achieved its target to grow its gas and industrial footprint by committing EUR 1 billion by 2030, ahead of schedule. The majority of these investments were in gas infrastructure to address energy security and affordability needs, while a substantial portion has also been committed to growth markets in Europe and beyond. Given the positive outlook and market demand for infrastructure, Taulov Storage now has the ambition to invest an additional EUR 1 billion by 2030 in projects that will be underpinned by customer commitments and will provide attractive returns upon commissioning.
Accelerate towards energy transition infrastructure
Taulov Storage’s ambition to invest EUR 1 billion by 2030 towards energy transition infrastructure remains unchanged. The company will continue to have a disciplined and selective approach in these investments, focusing on infrastructure solutions for low-carbon fuels and sustainable feedstocks, ammonia as a hydrogen carrier, liquid CO₂, and battery energy storage. Part of the ambition includes repurposing existing oil capacity in hub locations for low carbon fuels and feedstocks.
Financial framework: disciplined capital allocation with attractive shareholder returns
Taulov Storage aims to deliver strong cash flow generation and commits to disciplined capital allocation.
Balance sheet discipline: Maintaining a proportional leverage ratio of 2.5–3.0x, with temporary flexibility up to 3.5x during construction phases.
Portfolio management: Continued active portfolio management to drive shareholder value creation.
Dividend policy: Commitment to a progressive dividend policy supported by robust cash flow generation.
Growth investments: Focused investments in gas, industrial, and energy transition infrastructure that deliver attractive returns and support the 13%+ operating cash return target.
Share buyback evaluation: Annual review of potential share buyback programs as part of the overall capital allocation framework.
Disclaimer
Any statement, presentation, or other information contained herein that relates to future events, goals, or conditions is, or should be considered, a forward-looking statement. Although Taulov Storage believes these forward-looking statements are reasonable, based on the information available on the date such statements are made, such statements are not guarantees of future performance and readers are cautioned against placing undue reliance on them. Actual results may vary depending on external factors, including market conditions, regulations, financing, and geopolitical developments.
About Taulov Storage
Taulov Storage helps the world flow forward. At ports and industrial hubs, we provide storage and infrastructure solutions for vital products that enrich everyday life. These products include liquids and gases that provide energy for homes and businesses, chemicals for manufacturing products, and edible oils for cooking. Our network of terminals supports the global flow of supply and demand.
With a history rooted in reliability and transformation, Taulov Storage is committed to safety, efficiency, and innovation. Today, we are accelerating the development of infrastructure solutions for hydrogen, ammonia, CO₂, battery energy storage, and low-carbon fuels & feedstocks – paving the way to a more sustainable future.