Ultrapetrol (bahamas) Limited · OTC:ULTRF
Ultrapetrol (bahamas) — Global Shipping Conference 2012
30 slides from Ultrapetrol (bahamas)'s conference presentation, Sep 5, 2012
Slide 1: Global Shipping Conference, New York
ULTRAPETROL a (Bahamas) Limited Global Shipping Conference New York, September 5, 2012
Slide 2: Forward looking statements & EBITDA
Ultrapetrol Forward looking statements & EBITDA this presentation concerning our operations, cash flows and financial position, cluding, in particular, the likelihood of our success in developing and expanding our business, include forward.looking statements. Statements that are predictive in nature
Slide 3: Company Overview
Ui ULTRAPETROL if (Bahamas) Limited Company Overview
Slide 4: Years of experience
Ultrapetrol Over 130 years of experience Formation and Early Years Expansion / Growth Financing Significant Grovah as a Public Company 1 Founded by | = Started reguar | SSE | « Issued $125. | = IFC loan focities | « Inial 2PSVs | $97 milion | Punta AWvear | = 3 Loan My, Jose LinerSeraice | Ultrapetr
Slide 5: Diversified South American Focused Transportation & Logistics Company
Ultrapetrol Diversified South American Focused Transportation & Logistics Company RIVER Competitive Advantage with OFFSHORE Modern fleet with Preferential Huge Expansion Opportunity + The dominant operator with 32% market share + Rapidly growing market — Hidrovia River System is sirilar in size to t
Slide 6: EBITDA Distribution & Areas of Operation
Ultrapetrol EBITDA Distribution & Areas of Operation ‘Seament EBITDA Distribution FY 2011, Total: $54.0m Regional Revenue Distribution FY 2011 Total: $304.5m Europe,65% + US Dollar based earnings = Volumes limited to international demand for South American commodities
Slide 7: River Business
'/r @ ULTRAPETROL ff (Bahamas) Limited
Slide 8: Hidrovia: As long as the Mississippi with 1/10th of the barges
River Business Hidrovia: As long as the Mississippi with 1/10" of the barges = The Hidrovia River system has massive potential = Approximately the size of the Mississippi River system, however, Barge fleet is only 1/10 the size ‘=Commodities flowing through the system include = Dry Cargo: Soybean an
Slide 9: Fronteras transshipment stations and Punta Alvear Shipyard
3 Fronteras 2 Fronteras Paraguay (km. 1,928) — Paraguay (km. 1,800) Allanze: G2, Pueblo Esther Transshipment Station b Punta Alvear Shipyard Rosario, Argentina
Slide 10: Paraguayan soybean prospects & price evolution
River Business Paraguayan soybean prospects & price evolution Paraguayan Seeded Area & Production Monthly Soybean Prices —Jul09—Jul4200 Area Harvested Production 9 fa 57 g Fn ts re aS wy ee x betwe ‘and 2011, affected the crop during the m The Hidrova regions expect products thi * basis of exp: the
Slide 11: Corumba Region iron ore prospects & price evolution
River Business Corumba Region iron Ore prospects & price evolution Hidrovia Regional Iron Ore Production Monthly Iron Ore Prices — Jun 09 - Jun 12 ria ens re sa Production (In Million Tons) Decl Jun10 = Dec10 Jun-11._—Dec-t1 = Iron ore production in the Co = Vale has plans to expand production: furt
Slide 12: River Business market share
River Business werage Typical ix et Share @) sUABL {Competitor A competitor 8 mothers (15 Primary focus on soybean and soybean derivatives > Relative stronger margin versus Iron Ore and other commodities except petroleum products Iron ore remains catalyst for further growth via expansion of producti
Slide 13: Barge Age Profile
River Business Barge Age Profile 901 Barges) = In five years, 779 barges will be in the ‘scrapping zone — : rearing US barges has become very Séxperisive and inefficient SS, Seu ie haat Deprograms have « © older barges While Ne) e 0-5 6.10 11-15 16-20 21-25 26-30 31-95 ‘Age Bracket () btn sorcneae o
Slide 14: Scheduled Production of our Punta Alvear Yard
River Business Scheduled Production of our Punta Alvear Yard (Includes barges on build and lease-back) 2p00 p00 4,800 p00 1,00 900 4.400000 as 65,000 : 1.112032 & poo poo 80000 600 p00 400 p00 200 p00 SO-Jun-11 2H 2014 UABL: Built for own fleet 26 dry Otank 142.934 oe 19,483 m2 2013 D014 2018 2016 2
Slide 15: Punta Alvear Shipyard contribution to EBITDA
River Business Punta Alvear Shipyard contribution to EBITDA
Slide 16: Re-engining Program Status
River Business Re-engining Program Status Progression Timeline 7 Heavy-fuel pushboat in ‘operation 4 Heavy-fuel pushboat in ‘operation Alto Parané: May 2012 Cavalier Xa; June 2012 Espiritu Paraguayo: February 2013 Future Timeline +2 more pushboats to be re-engined +3 more pushboats to be re-engined
Slide 17: Offshore Supply
t/ y ULTRAPETROL (Bahamas) Limited Offshore Supply 4
Slide 18: Description of operations
Offshore Supply Business Description of operations = Our Offshore Supply Business owns and operates vessels that provide critical logistical and transportation services for offshore petroleum exploration and production companies in the coastal waters of Brazil and the North Sea UP Jasper has a deck
Slide 19: Strong focus on Brazil due to Petrobras' aggressive CAPEX Program
Offshore Supply Business Strong focus on Brazil due to Petrobras’ aggressive CAPEX Program Petrobras’ Historical CAPEX ) 2011-2015 Plan: mEGP Total $224, billion 1,950 Petrobras’ total oil production in Brazil 4,900 ’ 1 850 Thousands) 8 BPD(n unit Critical Resources”) real Driling Rigs Water Depth A
Slide 20: UP Offshore today
Offshore Supply Business UP Offshore today Modern fleet of 9 PSVs (avg. age 4.1 years) 3 PSVs under construction in India — Clear visibility on deliveries (first vessel of original order of 4 under TC to Petrobras) Vessels have renewed their charters for 4 years at USD 35,380 per day from USD 28,000
Slide 21: Progress on UP Amber
Offshore Supply Business Progress on UP Amber a
Slide 22: Progress on UP Pearl
Offshore Supply Business Progress on UP Pearl 22
Slide 23: Progress on UP Onyx
Offshore Supply Business Progress on UP Onyx 23
Slide 24: Gross Profit Contribution of PSV Fleet — Illustrative TCE
Gross Profit Contribution ( of PSV Fleet — Illustrative TCE (USD/day) Average Time Charter of USD 31,872 per day 70 . 674 3 east 618
Slide 25: Ocean Business
t/ ULTRAPETROL if (Bahamas) Limited
Slide 26: Feeder Container Service & Petroleum Product Transportation
Ocean Business Feeder Container Service & Petroleum Product Transportation Feeder Container Line = Argentinean flag-protected feeder container service established * As long distance containership size increases, fewer ports are called * Reliance on effective feeder services to distribute cargo = Exc
Slide 27: Feeder Container Trade Evolution
Ocean Business Feeder Container Trade Evolution Total Revenues -2Q 2011 vs.2Q2012 Feeder Container Vessels - MV Asturiano & MV Argentino = Performance of our feeder container service has beenlStrong during the second quarter of 2012 mainly as a result of volume and tariff increases Sone 120 100 eo “
Slide 28: Financial Overview
Ui ULTRAPETROL if (Bahamas) Limited Financial Overview
Slide 29: Historical Consolidated EBITDA and 2012 Guidance
Ultrapetrol Historical Consolidated EBITDA and 2012 Guidance Historical Adjusted Consolidated EBITDA aki 613 2010 Important events in the 2H 2012 that will contribute to this expected resul = In spite of the severe drought experienced soo $660 during the flowering season of the soybean $540 crop if
Slide 30: Ultrapetrol (Bahamas) Limited
ULTRAPETROL (Bahamas) Limited
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