Ultrapetrol (bahamas) Limited · OTC:ULTRF
Ultrapetrol (bahamas) — Investor Presentation (July 2011)
15 slides from Ultrapetrol (bahamas)'s investor presentation, Jul 22, 2011
Slide 1: Presentation to Investors in Buenos Aires
Presentation to Investors in Buenos Aires July 21, 2011
Slide 2: Forward Looking Statements & EBITDA
t/ Forward Looking Statements & EBITDA ur disclosure and analysis inthis presentation conceming our operations, cash flows and financial position, including, In particular, the likelihood of our success in developing and expanding our business, include forward-looking statements. Statements tl predi
Slide 3: General Company Updates
Ur General Company Updates [_ Ultrapetrol has laid the foundation of its future growth with a 5-year investment plan CAPEX Plan: * Ultrapetrol has invested (and is continuing to invest) approximately $550 million across its business segments over the last 5 years (2007-2011) Historical Consolidated
Slide 4: Future CAPEX Program
Dy \ Future cAPEX Program Second Half 2011 CAPEX Program FY 2012 CAPEX Program + $26.2 million in Barge Building, Re-engining and = ~—_‘$49.0 million in Barge Building, Re-engining and Re-bottoming Re-bottoming + $4.4 million in Indian PSV construction + $30.8 million in Indian PSV construction + $2
Slide 5: Growth Initiatives under way on very favorable market conditions
Growth Initiatives under way on very favorable market conditions Seven vessels currently employed to Petrobras on long-term, profitable rates + one en route to North Sea t Double Offshore Supply Fleet Brazil transiting through unprecedented growth in sip offshore exploration which will have global e
Slide 6: Ultrapetrol
ULTRAPETROL
Slide 7: River Business Update
t/ River Business Update 2 S 2 : Paraguayan Seeded Area & Production Hidrovia Regional Iron Ore Production @ ™Seeded Area_™ Production 83 cnet Si x er | Aa cnor 60 40: 2 10-05 | be a2 44 | Ely 35 & | =? | 2 4 3 1 14 Ei will | 0 2001 2002 2003 2004 “7005 2006. 2007 2008. 2003 “poi02011 {P) 2000 2001
Slide 8: Context of strengthening commodity prices
t/ \ Context of strengthening commodity prices Monthly Soybean Price-Oct09-Jun 1 (In § per Metric Ton) 512.05 499.77 Oct-09 Mar-10 Aug-10 Jan-t1 Jun-t4 sett —— ‘Source: Index Mundi and International Monetary Fund
Slide 9: Re-engining Program Status
t/ Re-engining Program Status Pushboats currently operating under fuel-oil = Zondal = Cavalier X Pushboats to be operational in 3Q 2011 = Pamperol Seven additional pushboats to be re-engined = Asuncién ie as part of our program inual Fuel Savings per Heavy Fuel / Diesel price gap -When re-engining p
Slide 10: Offshore Supply
i ULTRAPETROL Offshore Supply
Slide 11: Offshore Supply Business Update
Ur Offshore Supply Business Update * We currently employ 7 PSVs in Brazil on 2-4 year term contracts with Petrobras at strong rates (2) Petrobras Large PSV (+4,500 dwt) Fixtures in North Sea & Brazilian Daily Average Gross Earnings Brazil since 2006 a for our fleet ®) 35,000 30,000 28,029 25,000 = 2
Slide 12: Petrobras' $224 Bn CAPEX Program continues as planned
Ur Petrobras’ $224 Bn CAPEX Program continues as planned * Brazilian demand for PSVs in conjunction with a limited supply of these vessels is pushing day rates up * As Petrobras continues its offshore exploration and enhances its operations, PSV demand is expected to remain strong Detivery Plan (to
Slide 13: Ultrapetrol
ULTRAPETROL
Slide 14: Ocean Business Update
Ur Ocean Business Update Tanker Vessels = Our Tanker vessels are under term contracts with oil majors and operate in cabotage flag-restricted trades providing transport services to local refineries = Relatively stable operating environment Container Vessels * We currently operate a fleet of two cont
Slide 15: Aggregate 2015 Estimated Pro-Forma EBITDA
Ur Aggregate 2015 Estimated Pro-Forma EBITDA River Business Proforma 2015 Assumptions 41H & FY 2011 Estimate and Proforma EBITDA 2015. 160 + Barge annual rotation as per historical average 440, BConsaldated Adusted EBITDA and: Lowend 140.9 of Estimate Range ‘High-End of Estimate Range * Flat average
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