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CLH Corporate Model

Financial Modelling

3rd October 2021

DWPF provided financial modelling support to the Investment Management Corporation of Ontario (IMCO) in developing a corporate financial model for CLH, a global leader in the transportation and storage of oil products.

 

CLH has over 40 storage facilities, with a capacity of more than 8 million cubic metres, for all types of oil products. They are distributed across the whole of Spain and the Balearic Islands. CLH also has a network of more than 4,000 kilometres (2,500 mi) of pipeline that connect the eight Spanish refineries with the storage facilities. The CLH logistics system is the most extensive civil pipeline network in Western Europe.

 

In 2018, IMCO acquired an additional 5% stake in CLH, raising IMCO’s total holding in the company to 10%, and subsequently required a new corporate model to be created from scratch to illustrate CLH’s historic results and forward-looking business plan.

 

The new model simplified the overall structure and ensured a more transparent flow of information, allowing for record keeping actual results and straight-forward forecasting and valuation of the business on a quarterly basis. Th model also presents financial information for each CLH entity and on a consolidated basis, as well as a fairly detailed forecast for Spanish fuel demand.