Bahri Presentation

Bahri – a winning team 2015

Commercial Presentation

Shipping excellence by Bahri

2 Agenda

Today's discussion

> Bahri overview

- Vision

- Value proposition

- Our business units

> Bahri General Cargo

- Bahri General Cargo's global presence

- Comparison – Bahri's vessels can serve all your shipping needs

- Vessel specification

- Types of shipment

Bahri overview


4 Bahri's vision

Connecting economies, sharing prosperity and driving excellence in

global logistics services

5 Bahri's position

Bahri delivering excellence by exceeding customer expectations

> A unique value proposition in the shipping industry:

- Focused on our customers

- Partnering with industry leaders to maximize benefits along their supply chain

- In-house technical management ensures consistent schedule reliability and quality of service

> Operating one of the youngest fleets across the industry

> Strong financial position to support future growth opportunities

> Leveraging our KSA heritage and insights while significantly contributing to the Kingdom's

economy

- Only liner carrier based in Saudi Arabia

- Bahri will make inducement calls and offer coverage of ports not included on the schedule

> Proven track record of logistics cost optimization to/from KSA – complete transparency

> Major share holdings from the KSA Government & Saudi Aramco provides a solid platform on

which we have built a long term strategy

6 Bahri's development

In just 30 years we formed a highly successful, leading global shipping

company

1975 1980 1985 1990 1995 2000 2005 2010 2015 2020

Vela

acquired

Gen. Cargo fleet renewed,

Gas and Marine established

BDB operational

Petredec 30% share acquired,

full ownership of Mideast

Mideast Ship Mgmt established

Oil entered NCC established

Chemicals entered

General Cargo entered

Bahri formed

Total Bahri fleet size

at point in time

KSA listed Private

Operational

Operational J/V

Non-operational

Sabic 20%

of NCC

Arasco 40%

of BDB

Saudi Aramco 20%

of Bahri

PIF 28%

of Bahri

A truly remarkable journey

7 Business units

A fleet of 72 vessels and revenues of USD 967 m in 2014 – business

diversified into six strategic business units

Business units (2014 revenues)

> The 3rd largest VLCC

owner worldwide operating

31 vessels

> The 4th largest chemical owner

worldwide with 24 tankers

> New fleet of 6 unique flexible RoCon+ vessels

designed for heavy RoRo and project cargo

> New fleet of 5 fuel-efficient Panamax vessels

USD 574 m

USD 214 m

USD 147 m

> In-house technical management leading in quality and reliability

USD 35 m, income share

USD 32 m

Bahri General Cargo


9

Liner

> New vessels, suitable for special project

cargo (flexibility, heavy lift capacity)

> Less cargo damage

- No transshipment to Saudi ports

- RoRo option with exceptional height and

weight capabilities

> On board mafis, forklift, tug masters

> Regular service with 18 day frequency

> KSA and GCC port priority

Freight forwarding

> Special project experience

> International door-to-door service

> Network of proven reliable 3PL providers

- Sea

- Air

- Land

> Own container yard

> Special Saudi customs relations

Benefits to use Bahri

> Speed – faster, direct and frequent shipments to Saudi Arabia

> Reliability – ISO certification and quality management, no transshipments, RoRo option

> Flexibility – heavy and high load, RoRo and LoLo, flexible port calls, 3PL network

Bahri General Cargo

Unique liner vessels in combination with special project freight

forwarding excellence – focus on speed, reliability and flexibility

10 Bahri General Cargo

Beside Bahri General Cargo's global presence the main key ports for

project cargo are called frequently by our vessels

Bahri existing call ports Bahri Presence

Bahri General Cargo globally

RORO SERVICE OUR SERVICE

Currently serving the trade with six new vessels and frequency of around 18 days

We also cover ports in the near vicinity of our scope via Inducement call or third party feeder service

12 Bahri General Cargo

Load

Ports

Destination

Antwerp Livorno Jeddah Dammam Jebel Ali Mumbai

Houston 25 33 42 52 56 65

Savannah 20 27 37 47 51 60

Wilmington 18 26 35 45 49 59

Baltimore 14 22 31 42 45 55

Halifax 10 18 28 38 42 51

Antwerp - 8 17 28 31 41

Livorno - - 9 20 24 33

Jeddah - - - 10 14 24

Eastbound Transit Times

13 Bahri General Cargo – liner vessels

Bahri liner vessels combine all three means of transportation of special

project cargo in one vessel – RoRo, LoLo and container

Bahri's unique six multipurpose RoCon+ vessels

> Container

> Heavy lift LoLo

> Heavy and high RoRo

14 Bahri General Cargo – liner vessels

24,581 m2 loading area over seven decks for heavy weight with up to

6.8 m clear height – two decks hoistable

Vessel specifications

Deck

no. Deck type

Clear

height (m)

Clear

width (m)

Uniform

load (t/m2) Area (m2)

5 Open garage 3.4 4.0 2.0 3,750

4A Hoistable 1.8-2.2 4.6 0.5 3,747

4

Open

weather

- - 6.0

3,537 Fixed 2.6, 3.0, 4.8 7.1 3.0

3A Hoistable 1.8-2.5 4.0

0.5 3,579

3 Fixed 4.3, 5.0, 6.8 15.5

5.0 4,811

2 Fixed 5.8 6.5 3.5 3,120

1 Tank top 3.8 3,5 3.5 2,216

> Loading area: 24,581 m2

> Length overall: 224.96 m

(264.56 m with ramp down)

> Gross tonnage: 55.4 kt

> DWT: 25.9 kt

> 250 ton ramp capacity

15

Deck Areas and Heights

3.4

5.8

6.8

4.8

3.4 Deck 5 – 3,570 Sqm

Deck 4 – 3,537 Sqm

Deck 1 – 2,216 Sqm

Deck 2 – 3,120 Sqm

Deck 3 – 4,811 Sqm

1.8 Meters 2.5 Meters


2.6 Meters


3.0Meters

OR

OR

4.8 Meters

6.8 Meters

OR

OR

Bahri General Cargo – liner vessels

Height

Meters

Uniform Load

MTON/SQM

3.5

3.5

0.5

5.0

0.5

6.0

3.0

2

16 Bahri General Cargo – Types of shipment

Project cargo and heavy equipment unsuitable for containerization and

standard vessels

Break bulk beyond container

> Oversized > Overweight


Key specifications for RoRo are ramp and deck capacities – onboard

equipment determines loading flexibility

RoRo operations

> Ramp and deck capacity are key vessel specifications

> Onboard trailers, mafis, tug masters and fork lifts are required to maximize loading flexibility


LoLo operations using heavy lift cranes enable cargo beyond RoRo

restrictions in dimension or ramp capacities

LoLo operations

> Vessel or port cranes used for loading

> Loading into vessel hatches or on weather deck


Rail industry expertise – SAR and SRO amongst Bahri’s Top 10

accounts

LoLo operations

> Vessel or port cranes used for loading

20

Bahri Presentation

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