Tribeca Global Natural Resources Ltd. · ASX:TGF

Tribeca Global Natural Resources — Investor Presentation (July 2019)

18 slides from Tribeca Global Natural Resources's investor presentation, Jul 1, 2019

  1. Slide 1: Tribeca Global Natural Resources Limited

    ibeca r lob 1 sources ‘al Res al Natur Gl SX:TGF) (A Tribeca Global Natural Resources Limited www.tribecaip.com.au/lic

  2. Slide 2: For personal use only

    For personal use only • • • • • • • • •

  3. Slide 3: For personal use only

    For personal use only • • • • Source: Morgan Stanley Research, Tribeca Investment Partners

  4. Slide 4: Crude Tankers Price to NAV

    For personal use only Crude Tankers Price to NAV • • • • Source: Clarksons, Tribeca Investment Partners

  5. Slide 5: Both Spot and 2-Year Time Charter Rates Moving Higher

    For personal use only • Both Spot and 2-Year Time Charter Rates (TC) Moving Higher • • • Source: Clarksons, Tribeca Investment Partners

  6. Slide 6: Crude Tanker Orderbook as Percentage of Fleet

    For personal use only Crude Tanker Orderbook as Percentage of Fleet • • • • Source: Clarksons (historical), DNB, Investment Partners

  7. Slide 7: Crude Tanker Market Utilization

    For personal use only Crude Tanker Market Utilization • • • Source: Clarksons (historical), DNB, Tribeca Investment Partners

  8. Slide 8: IMO2020: Targeting a Reduction in Global Sulphur Emissions

    For personal use only • IMO2020: Targeting a Reduction in Global Sulphur Emissions 45% 40% 35% 30% • 25% • 20% • • 15% 10% • 5% 0% • Global Shipping as % of Oil Demand Global Shipping as % of Oil Based Sulphur Emissions

  9. Slide 9: VLCC Rates and Capacity Utilisation

    • For personal use only • • • • • • • VLCC Rates and Capacity Utilisation • • • • • • • • • IMO is likely increase tanker utilisation by 3% as a result of scrubber installation, tank cleaning, slower speeds and increased scrapping Source: Clarksons, Tribeca Investment Partners

  10. Slide 10: Structural Trend: US Exports Driving Up Average Hauls

    For personal use only • • Structural Trend: US Exports Driving Up Average Hauls • • • • • • • • • • • •

  11. Slide 11: For personal use only

    For personal use only • • • • • • •

  12. Slide 12: VLCC Time Charter Rates (1980-90)

    For personal use only • 1 Year VLCC Time Charter Rates ($/day) (1980-90) • • • • • • • •

  13. Slide 13: Global Natural Resources

    i ie a a a & 4 2 4 " 4 a F s - 2 ” s 4 Br a e 4 2 ” l use only 17 : » G Global Natural Resources = Ir persona

  14. Slide 14: For personal use only

    For personal use only • • • • • • • • • • • • • • •

  15. Slide 15: For personal use only

    For personal use only • • • • • • • • • • • • • • •

  16. Slide 16: For personal use only

    For personal use only • • • • • • • • • • • • • • •

  17. Slide 17: Tribeca Global Natural Resources Investment Team

    Tribeca Global Natural Resources Investment Team Ben Cleary Craig Evans Haydn Smith Guy Keller Ted Coupland Portfolio Manager Portfolio Manager Portfolio Manager, Head of Head of Commodities Trading Geologist, Technical Advisor Credit James Eginton Michael Orphanides Simon Brown Matthew Turner Margo

  18. Slide 18: For personal use only

    Tribeca Global Natural Resources a 5 ~ The information contained in the presentation, and any dist iifis ofa general nabs ar ‘objectives or needs of any specific recipient and as such is not intended to constitute investment advice nor a personal securities mendation. Opinions exoressed may ch z ion

Tribeca Global Natural Resources — Investor Presentation (July 2019) on 6ix