{"header":{"OB_REQUEST_ID":"f259e2b3-708a-473c-a4d4-c697f7e70b77","result.val":0,"http.code":200,"result.text":"OK"},"data":{"message":{"id":294269,"messageId":294269,"newsId":248326,"title":"Statoil Fuel & Retail capital markets day","body":"\n\n\n29 November 2011 - Statoil Fuel & Retail ASA (\"Statoil Fuel & Retail\", ticker:\nSFR) hosts its Capital Markets Day in Oslo today. The presentation material will\nbe available at www.statoilfuelretail.com from 07:30 CET. A link to a live\nwebcast of the event will be posted on the same website at 08:00 CET.\n\nA leader in transforming fuel retailing, Statoil Fuel & Retail has few peers\nafter becoming an independent stock listed company in October 2010.\n\n\"As a separately listed company from Statoil ASA, we are entirely focused on the\ndownstream customer business opportunity. We have made real progress over the\nlast twelve months -- optimising our complete fuel value chain, strengthening\nour brand, developing a market leading convenience offering and maintaining\ntight control over our costs\" says Jacob Schram, CEO Statoil Fuel & Retail.\n\nHighlights of today's presentation include:\n\nOne year after the IPO at Oslo stock exchange, the strategic direction of the\ncompany remains the same. However, based on a strong operational excellence\ntrack record, Statoil Fuel & Retail will strengthen its efforts within\ninnovation and sales in the years to come. Statoil Fuel & Retail has the\nfollowing strategic objectives:\n\n  * Grow the Statoil Fuel & Retail business and optimise shareholder value\n  * Be recognised by our customers as an innovative, European fuel retailer\n  * Become a leading European retailer within sales\n  * Create a culture of simplification, lean operations and cost efficiency\n  * Improve capital efficiency\n  * Attract, retain and develop passionate fuel and retail professionals\n\n\nStatoil Fuel & Retail's leading brand and market presence in Scandinavia\nprovides an attractive exposure to a strong consumer base. The financial\nperformance in Scandinavia has improved through rationalisation of the service\nstation network, cost savings and micro market pricing. As reported in the third\nquarter 2011, this has been accomplished even though competition has\nintensified. Statoil Fuel & Retail will continue to strengthen its position with\nnew stations, covering attractive white spots. Development of the convenience\noffer will continue, building on strong loyalty concepts and seeking further\nimprovement in the product mix and profitability.\n\nThe long term outlook for Central & Eastern Europe remains positive despite\ndepressed margins in the third quarter. Statoil Fuel & Retail has a robust\nplatform for further profitable growth in Central & Eastern Europe, aiming at\nexpanding the network presence. The company will meet the challenging market\nconditions experienced over the last few quarters by continued focus on lean\noperations, strong execution of micro market pricing and development of a\ndistinct product offering. During the past few weeks it has been noted that pump\nprices in Poland are reflecting a more rational behaviour by the major players,\nhowever the market situation remains challenging.\n\nStatoil Fuel & Retail's medium term financial targets are as follows:\n  * After tax return on capital employed above 13 percent, to be achieved\n    through organic growth of 50-60 new stations per year of which 40-50 will be\n    in Central and Eastern Europe, delivering on the cost saving programme of\n    NOK 450 million and an ambition to reduce working capital by NOK 500\n    million.\n  * Maintain a capital structure in line with an investment grade profile.\n    Statoil Fuel & Retail targets the ratio of total debt to adjusted EBITDA in\n    the interval 1.5-2.5. The ratio may be higher or lower for limited periods\n    of time. Statoil Fuel & Retail aims to improve the debt structure by\n    utilising diversified financing sources and extending the maturity profile.\n    A variety of funding sources including asset backed loans, private\n    placements, bond markets and bank loans will be considered.\n\n\nThe real estate asset management project is progressing according to plan.\nIndicative market valuations of the Scandinavian service stations, where both\nthe building and land are owned by the company, amount to NOK 6-7 billion. The\ncorresponding book value of these assets was approximately NOK 2 billion as of\n31.12.2010.\n\nNon-strategic assets with a book value of approximately NOK 100 million, and\nindicative market value of NOK 400-500 million, will be optimised from a value\nperspective and prepared for sale. Statoil Fuel & Retail will consider\nappropriate measures for the terminals and remaining parts of the property\nportfolio in 2012.\n\nStatoil Fuel & Retail has the ambition of establishing a property holding\nstructure in 2014. The new holding structure will provide a flexible platform\nfor value creating transactions, such as sale-leaseback and/or co-investment\nvehicles, within an investment grade profile.\n\nPlease find the Statoil Fuel & Retail capital markets day 2011 presentation at\nthe bottom of the page\n\nFor more information\n\nMedia: Karen Romer, SVP Communications, Statoil Fuel & Retail ASA, Tel :\n+47 950 74 950,karrom@statoilfuelretail.com\n\nInvestor Relations: Mitra Hagen Negård, SVP Investor Relations, Statoil Fuel &\nRetail ASA, Tel: +47 95 79 36 31,mine@statoilfuelretail.com\n\n\nAbout Statoil Fuel & Retail\n\nStatoil Fuel & Retail is a leading Scandinavian road transport fuel retailer\nwith over 100 years of operations experience in the region. The company has a\nbroad retail network across Scandinavia, Poland, the Baltics, and Russia with\napproximately 2,300 full-service (fuel and convenience) or automated (fuel only)\nstations.\nStatoil Fuel & Retail's other products include stationary energy, marine fuel,\naviation fuel, lubricants and chemicals. In Europe, Statoil Fuel & Retail\noperates 12 key terminals, approximately 400 road tankers and 50 depots in eight\ncountries. The company also delivers aviation fuel at 85 airports in nine\ncountries and produces and sells 750 different lubricant products.\nApproximately 17,000 people work at Statoil Fuel & Retail's sites across Europe.\nThis includes employees at Statoil's branded franchise stations. About 2,400\npeople work in the corporate headquarters, eight national headquarters and at\nterminals and depots.\n\n\nThis information is subject of the disclosure requirements acc. to §5-12 vphl\n(Norwegian Securities Trading Act)\n\n\n[HUG#1567211] \n    ","category":[{"id":1005,"category_no":"INNSIDEINFORMASJON","category_en":"INSIDE INFORMATION"}],"markets":["XOSL"],"issuerId":11206,"correctionForMessageId":0,"correctedByMessageId":0,"issuerSign":"SFR","issuerName":"Statoil Fuel & Retail ASA","instrId":0,"instrumentName":"","instrumentFullName":"","publishedTime":"2011-11-29T06:31:10.277Z","test":false,"numbAttachments":1,"attachments":[{"id":84423,"name":"SFR CMD2011 presentation.pdf"}],"clientAnnouncementId":"2D020E63-B72D-437B-8A02-23B73DA70D0D","infoRequired":1,"oamMandatory":1}}}