Catom Annual Report 2022 EN

Financing

Developments

Wholesale The core activity wholesale – Catom Distribution B.V., trading name Catom PDM – operates in a dynamic market with high price volatility. Prices in the interna tional market fluctuate significantly each day, increasingly even during the course of a day. Catom participates in this trend by adjusting its prices at various times during the day. The buying behaviour of custo mers is heavily price-driven. Catom responds promptly to this trend. By improving its supply process and, consequently, its opportunities to blend biofuels, Catom has managed to enhance its competitive position in this market. During the financial year, this has led to an increase in the volume on own depots in this wholesale segment, which is Catom’s largest segment, by 10.2%.

The investments in 2022 were partly financed with internal funds. The total credit facility amounts to € 143.3 million. The cash flow from operating activities decreased from € 43,149,139 to € -5,970,837, stock and operating capital effects, in conjunction with the investment and financing activities result in a cash decrease of € 31,6 million. The financing structure was changed in November 2022. The modification and extension of the existing agreement was achieved with the help of existing Dutch bank institutions. The agreement provides for a larger credit facility at equal terms for the company.

Catom is one of the five largest players in the Dutch wholesale market and sees

36