Neste Corp.

Neste Corp.

Neste Corp.

Overview
Date Founded

2004

Headquarters

Keilaranta 21, P.O. Box 95, Espoo, 00095, FIN

Type of Company

Public

Employees (Worldwide)

4,413

Industries

Oil & Gas
Wholesale: Raw Materials

Company Description

Neste Corp. engages in the production of petroleum products and supply of renewable diesel. It operates through the following segments: Renewable Products, Oil Products, Marketing & Services, and Others. The Renewable Products segment produces, markets, and sells renewable diesel, renewable jet fuels and solutions, renewable solvents as well as raw material for bioplastics. The Oil Products segment includes diesel fuel, gasoline, aviation and marine fuels, light and heavy fuel oils, base oils, gasoline components, engine gasoline, solvents, liquid gases, and bitumens. The Marketing & Services segment sells petroleum products and associated services directly to end-users such as private motorists, industry, transport companies, farmers, and heating oil customers. The Others segment consists of engineering and technology solutions company Neste Jacobs, joint venture firm Nynas, and common corporate costs. The company was founded on January 9, 1948 and is headquartered in Espoo, Finland.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer

Secretary & General Counsel

Executive Vice President, Renewables Platform

Executive Vice President, Marketing & Services

Senior Vice President, Human Resources, HSSEQ & Procurement

Senior Vice President, Innovation

Senior Vice President-Emerging Businesses

Head, Communications & Brand Marketing

Head of Fleet Operations

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Owners & Shareholders
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Varma is an active, long-term and income-oriented investment manager, for which value is a secondary investment style. The firm manages a diversified portfolios invested primarily in fixed income, equities, real estate, and hedge funds. Fixed income investments are globally diversified between different bond issuers and maturities. Equity investments are diversified by geographic location, industry and company size. In Varma’s portfolio, listed equity investments seek the highest returns and are also the most volatile asset class. The firm has strived to identify investments with similar returns as equities but with less volatility. These include private equity investments and hedge funds. Varma uses derivatives to make diversified index-type investments in commodities. Their direct real-estate investments are located in Finland. Approximately 60% of Varma’s real estate investments are in the Helsinki area. In addition to rental flats, the portfolio includes all types of business premises, with the greatest weight on office and retail premises. Varma has increased the share of international real estate investments in its investment portfolio to improve diversification within the real estate portfolio.

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Kela is an active developer of social security and aims to be a socially responsible investment manager. They base their operating principles and strategic policies on their clients' expectations and needs. They closely monitor potential risks through their risk management process. Their investment objectives are security, profit and cash convertibility across a diverse spread of funds.

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Ilmarinen is an active, profit-oriented investor which manages an investment portfolio that has been diversified both geographically and across a wide variety of asset classes, such as equities and shares, fixed income investments and real estate with a focus on Finnish securities. The firm typically establishes information about the investment allocation and the return on investments on a quarterly basis. Ilmarinen generally aims to select companies with good growth potential in which they take long-term positions. They support investment decisions with information obtained through their active ownership policy, which encourages fund managers to participate in shareholders' meetings, make full use of voting rights and keep in contact with the management of investees.

Recent Transactions
Details Hidden

Neste Corp. purchases Mahoney Environmental, Inc.

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Tatneft PJSC purchases Tatneft-AZS-Severo-Zapad LLC from Neste Corp.

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Rejlers AB purchases Neste Engineering Solutions Oy /Process Industry Bus from Neste Corp.

Transaction Advisors
Legal Advisor

Advised onOil Co. LUKOIL PJSC purchases SeverTEK ZAO from Government of Finland

Underwriter

Advised onNeste Corp. issued EUR Ordinary Shares

Legal Advisor

Advised onMutuelle Assurance Commerçants et Industriels France SA, InfraVia Capital Partners SAS purchase KED Oy from Neste Corp.

Associate

Advised onMutuelle Assurance Commerçants et Industriels France SA, InfraVia Capital Partners SAS purchase KED Oy from Neste Corp.

Counsel

Advised onMutuelle Assurance Commerçants et Industriels France SA, InfraVia Capital Partners SAS purchase KED Oy from Neste Corp.

Counsel

Advised onMutuelle Assurance Commerçants et Industriels France SA, InfraVia Capital Partners SAS purchase KED Oy from Neste Corp.

Advisors & Consultants
Advisor

Chief Executive Officer at Oiltanking GmbH

Legal Advisor

Partner at Davis Polk & Wardwell LLP

Legal Advisor

Partner at Finnegan, Henderson, Farabow, Garrett & Dunner LLP

Clients

JetBlue Airways Corp. provides air transportation services. It carries more than 30 million customers a year to 86 cities in the U.S., Caribbean, and Latin America with an average of 850 daily flights. The company offers flights and tickets to more than 82 destinations, with accommodations such as free TV, free snacks, and most legroom. JetBlue Airways was founded by David Gary Neeleman in August, 1998 and is headquartered in Long Island City, NY.

Deutsche Lufthansa AG engages in the provision of passenger, freight, and cargo airline services. It operates through the following segments: Network Airlines, Eurowings, Logistics, Maintenance Repair Overhaul, Catering and Additional Businesses and Group Functions. The Network Airlines segment comprises Lufthansa German Airlines, SWISS, and Austrian Airlines. The Eurowings segment focuses on the growing market for european direct sales. The Logistics segment consists of scheduled airfreight activities of the Lufthansa Cargo group. The Maintenance Repair Overhaul segment is involved in the provision of maintenance, repair, and overhaul services for civilian commercial aircraft. The Catering segment is engaged in providing airline catering. The company was founded on January 6, 1926 and is headquartered in Cologne, Germany.

Finnair Oyj engages in the provision of airport transport and supporting services. It offers flight connections to people travelling between Asian megacities and Europe. The company was founded on November 1, 1923 and is headquartered in Vantaa, Finland.

Key Stats and Financials As of 2019
Market Capitalization
$42.3B
Total Enterprise Value
$27B
Earnings Per Share
$2.66
EBITDAMargin
17.27%
Enterprise Value / Sales
1.48x
Enterprise Value EBITDAOperating
8.59x
TEVNet Income
13.21x
Debt TEV
0.06x
Three Year Compounded Annual Growth Rate Of Revenue
10.85%
Five Year Compounded Annual Growth Rate Of Revenue
1.18%
Revenue
$18.2B
Net Profit
$2.04B
EBITDA
$3.14B
Total Debt
$1.51B
Total Equity
$6.77B
Investments
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Recycling Technologies Ltd. provides a machine and a service to recycle unsorted plastic waste. Its flagship machine, the RT7000, utilizes advanced thermal cracking technology. The firm’s solutions include End-of-Life Plastics and Plaxx. The company is headquartered in Swindon, the United Kingdom.

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Icynene, Inc. manufactures spray foam insulation. Its Icynene spray foam insulation has been installed in residential and commercial projects. The company was founded by Graeme Kirkland, Jim McGarth, and Gabe Farkas in 1986 and is headquartered in Mississauga, Canada.

Suppliers
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Tsakos Energy Navigation Ltd. Marine Shipping | Athens, Greece

Tsakos Energy Navigation Ltd. engages in the provision of seaborne crude oil and petroleum product transportation services. Its activities include the operation of crude tankers, product tankers, and liquefied natural gas carriers. The company was founded by Nikolas P. Tsakos and Michael Gordon Jolliffee in July 1993 and is headquartered in Athens, Greece.

Hiap Seng Engineering Ltd. Holding Companies | Singapore, Sgp

Hiap Seng Engineering Ltd. engages in the provision of building construction, engineering, procurement, construction, and plant maintenance services for oil and gas and energy sectors. It operates through the following the Plant Construction and Maintenance, and Compression and Process Equipment Fabrication segment. The firm also offers process and industrial plant engineering and consultancy services. The company was founded by Tan Kuay Hoe in 1950 and is headquartered in Singapore.

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