Ultrapetrol (bahamas) Limited · OTC:ULTRF
Ultrapetrol (bahamas) — Investor Presentation (December 2013)
31 slides from Ultrapetrol (bahamas)'s investor presentation, Dec 9, 2013
Slide 1: Investor Presentation
| ULTRAPETROL | | (Bahamas) Limited Investor Presentation New York December 9, 2013
Slide 2: Forward Looking Statements & EBITDA Disclosure
Forward Looking Statements & EBITDA Disclosure Our disclosure and analysis in this presentation concerning 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. Statemen
Slide 3: Over 130 Years of Experience
Ultrapetrol (Bahamas) Limited Over 130 years of Experience Significant Growth as a Public Formation and Early Years Expansion / Growth Financing Company honddy, | — — 1 Uromtere | 0 seat Sszmton | Conmundonst |» dour cose Scettiacrae: |" Grersetee” |"“Girapetror msde |" feces con |" Feuowon |" Some
Slide 4: Ultrapetrol (Bahamas) Limited
Ultrapetrol (Bahamas) Limited River Business Offshore Supply (Ocean Business (52% of Adjusted EBITDA) (40% of Adjusted EBITDA) of Adjusted EBITDA) 598 Dry Barges & 81 Tank = 14 modern deep sea Platform m4 Product and Chemical Barges (679 barges equivalent Supply Vessels (PSV") Tankers to 831 Micsiss
Slide 5: Leader in South American Transportation & Logistics
Ultrapetrol (Bahamas) Limited Leader in South American Transportation & Logistics River Business = Largest provider of barge a transportation along the Hidrovia River system Leveraged to significant growth in ‘commodity production and transportation (region is ~55% of global soybean market) Strategi
Slide 6: 9M & 6M 2013 Results
Ultrapetrol (Bahamas) Limited 9m & 6m 2013 Nine Months ended Six Months ended (8000's) September 30,2013 June 30,2013, S018 70181018 Revenues $912,262 $199,676 $112,586 $121,786 $77,890 Adjusted EBITDA $92,102 $51,891 $30,211 $32,630 $19,261 Net income (loss) as reported $14,631 $7,632 $6,999 $13,48
Slide 7: River Business
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Slide 8: Hidrovia: Critical Component of the Regional Infrastructure
River Business (UABL) Hidrovia: Critical Component of the Regional Infrastructure Hidrovia The Hidrovia River system has huge potential Approximately the size of the Mississippi River system = Barge fleet is only about 1/10 the size and will require substantial replacement in near / mid term Hidrovi
Slide 9: Integrated River Business Model
River Business (UABL) UABL operates on an Integrated River Business Model based on hubs located at strategic points of the Hidrovia. This system allows for the most efficient use of our pushboats as we minimize their idle time. Barges are set up into convoys at each fleeting location with the use of
Slide 10: Parana Iron transfer and storage unit
River Business PARAN 7 PARANA IRON tron ore transfer and storage unit The PARANA IRON sa tanster and storage unt specifcaly designed for transfering ron orm iver Paros Wie ctu tal bwcoctelel ver eeste a chamne sane teane haier bare conan aonn ion ete Daun eh he Paaguay Pie
Slide 11: Long-term time charter agreement
River Business Entered into an agreement in principle for long-term time charter c¢ starting in 1Q 2014 4 convoys (each comprised of one pushboat and 16 barges) for a period of 5 years Contract expected to generate approximately $8.2 million per year in EBITDA Significant portion of our EBITDA for t
Slide 12: Prospects for 2014 — Soybean & River Levels
River Business Prospects for 2014 — Soybean & River Levels Paraguay Seeded Area & Production (?) Seeded Area ens ‘Production atireate tor 2014 crop 2003 2004 2005 2006-~=—« 2007 -~=—«2008-«=«2009S 2010-2011 2012-2013 2014(P) Weekly Accumulated rainfall in Paraguay (mm) @)(®) Monthly Soybean Prices \
Slide 13: Iron Ore
River Business Iron Ore Iron Ore Production — Corumba Region (Brazil) 9 = Annualized 9 month production for Vale = MMX production in Corumba as of June 30, 2013 lillion Tons) 5 3 E 1 Cy) 200320042005 2006-2007 200820092010 201120122013 (P) Monthly Iron Ore Prices (") — Oct 2009 - Oct 2013 (in$ton) 1
Slide 14: Hidrovia Fleet Attrition — Dry and Tank
River Business Hidrovia Fleet attrition —- Dry and Tank ( 2) Dry Barge Attrition i y Attrition 25% 1618 - . a Lo —_ | [Tank Barge Attrition 2013 Hidrovia Dry Fleet Less than 20 years More than 20 years More than 30 years S-year projection (1) (2) Tank Barge Attrition i : Attrition 52% | 148 105 = —_
Slide 15: River Business — Punta Alvear Yard
River Business — Punta Alvear Yard ULTR River Business Fleet at period-end (Barges Only) #of Vessels 700 650 600 500 450 400 350 DWT Completed construction sco of 1500 of Punta Alvear barge manufacturing yard 647 1000 Acquired remaining 50% interest in UABL wi = 602 1,200 from American Commercial Li
Slide 16: Punta Alvear Yard — Barge Manufacturing
River Business Punta Alvear Yard —- Barge Manufacturing | Third Party Barge Sales EBITDA. (Sin millions) $20.7 The Company's barge building facility at Punta Alvear, Rosario, Argentina is the most modern of its kind in South America = Allows the Company to expand the capacity of its own barge fleet
Slide 17: Key Initiatives
River Business Key Initiatives +Initiative to acquire two new pushboats with an option for two more “Average horeepower (HP) per pushboat (approximately): 6,900 *IFO 380 consuming vessels *Greater transport capacity will enable us to continue capitalizing ‘on the growth opportunities in the Hidrovia
Slide 18: Offshore Supply
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Slide 19: Offshore Supply Business
Offshore Supply Business Invested approximately $96.0 million in the acquisition of 3 newbuilt 4,500 class PSVs = Delivered ex-yard = State-of-the-art Chinese vessels = 5,145 dwt = Expected to be operational in 1Q 2014
Slide 20: Large Deepwater PSV Fleet to Service the Offshore E&P Industry
Offshore Supply Business 14 Large Deepwater PSV Fleet to Service the Offshore E&P Industry PSV fleet among the most modern in the world (~3 years avg. age) 11 operational PSVs in our fleet 3 newly acquired to be operational by 1 2014 . Larger size is more efficient for deepwater . Dynamic positionin
Slide 21: Drilling and Production Rigs, PSVs and AHTS — Global Supply and Demand
Offshore Supply Business Drilling and Production Rigs, PSVs and AHTS — Global Supply and Demand Global Fleet Rigs 2009-2010 2011 20122013 20142015 2016+ Drilling Rig ‘ 856 899 945 974 1,051 1,114 1,182 1,223 Production Rig ) 284 300 309 317 329 349 360 379 Total 7,140 1,199 «4,254,291 1,380 —1,463—«
Slide 22: Strong Brazilian Offshore Market Fundamentals
Offshore Supply Business Strong Brazilian Offshore Market Fundamentals Focus on Brazil due to Petrobras’ aggressive CAPEX Program Petrobras’ Historical CAPEX (1) 236.7 map © Total E&P 2013-2017 1 Total 2013-2017 147.5 2005 2008 2007 2008 2009 2010 2011 2012 43-7 = 2013-2017 Business Plan (?) Deliver
Slide 23: 4,500 Class PSV Operating in the Brazilian Market
Offshore Supply Business 4,500 Class PSV Operating in the Brazilian Market 67 Vessels (") DeepSea_ Gu Mare Sealion_-Solstad 1% 1% 1% Bravante \1% 1% Astromaritima 1% 4 Bram / Aifanave 39% Wilson Sons 9% (1) Information contained In Syndarma and ABEAM repert from September 2013 objectively preformed
Slide 24: Long-Term Contractual Employments at Increasing Charter Rates
Offshore Supply Business Long-Term Contractual Employments at Increasing Charter Rates Old Contract New Contract [ Ti Gortract with tess than one year ‘Long-term contract On-the-Water Fleet Rate jration Duration Rate 43 | 2014 2015 2016 2017 2018 UP Rubi $ 34,000 May-14 4years(1) $ 35,280 UP Pearl 4
Slide 25: Ocean Business
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Slide 26: Coastal Container / Tanker Fleet and Feeder Service Overview
Ocean Business Coastal Container / Tanker Fleet and Feeder Service Overview Four Product / Chemical Tankers Vessel: Amadeo Asturiano Capacity: 39,670 WT 4,100 TEU ‘Type: Double Hull, Product Panamanian Carter ‘Argentinean flag rights 2003, China Vessel: Miranda | ent rgenting Capacity: 7,212 OWT 1,0
Slide 27: Product Tankers & Feeder Container Trade Evolution
Ocean Business Product Tankers & Feeder Container Trade Evolution Product Tankers * Our Product Tankers remain employed on medium term charters at levels substantially above those prevailing in the international (non cabotage) markets, with positive Gross Profit Contribution = We have now extended t
Slide 28: Historical Financial Performance and Credit Metrics
Ultrapetrol (Bahamas) Limited Historical Financial Performance and Credit Metrics (in milions) (8 in milions) Revenue 9m 2013 Adjusted EBITDA 9m 2013 $400 $90 9045 $3132 $3123 $300 $230.4 $2268 $60 $200 $30 $100 0 $0 FY2010 | FY2011 | ~FY2012 Gm2012 9m2013 FY2010 FY2011 ~~ FY2012 " $m2012 "_9m2013 R
Slide 29: Historical Financial Performance and Credit Metrics
Ultrapetrol (Bahamas) Limited Historical Financial Performance and Credit Metrics Net Debt / LTM 9/30/13 Adj. EBITDA 9.8% 100 ae 090 2009 2010 2011 2012 LTM 9730/13 Debt Maturity Profile as of September 30, 2013, proformed for $25.0 million Add On ‘Add-On (am Principal Repayments (In $ Sn 402013 201
Slide 30: Successful Initiatives Have Positioned ULTR for Stable Growth
Ultrapetrol (Bahamas) Limited Successful Initiatives Have Positioned ULTR for Stable Growth Objective Initiatives = Continue to expand capacity to satisfy growing demand * Maintain leading market position via feet size, operating scale and fuel efficiency * Capitalize on our dominant position in the
Slide 31: Thank You
Thank You Q&A Wr 31
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