Our Business

Global capacity for regional projects

Bitumen

*thousand dead-weight tonnes**thousand metric tonnes

We are Puma EnergyAbout us

Puma Energy is a global energy company with operations in close to 45 countries across five continents. We focus on fast growing markets where we supply quality fuels, oil products and invest in transformative infrastructure. Through our global integrated supply system we can deliver high quality products around the world safely, swiftly, reliably and at a competitive price.

Puma Energy

24m m3

We have throughput volumes of over 24 million cubic metres

21m m3

We sell 21 million cubic metres of oil products annually

77+We already serve a network of 77+ bulk storage terminals, 40 airports and over 1,800 service stations

Puma Energy Bitumen

7+We have seven dedicated bitumen vessels and four on order

126kdwtOwned vessel capacity is 126kdwt*

275kmtTotal bitumen storage and blending capacity worldwide is 275kmt**

Bitumen 1

We offer superior logistics, experienced personnel, security of supply and high quality products. See how we are fuelling change in the markets where we operate.

www.pumaenergy.com

2 Bitumen

Why Puma EnergyTruly global operationTo date, we have assisted several countries in sourcing and supplying their bitumen demand via our state-of-the-art fleet of bespoke insulated bitumen carriers and our terminals. Today we own and operate the largest private bitumen terminal in Europe (Cadiz, Spain) and the largest bitumen terminal in South East Asia (Langsat, Malaysia).

Superior logisticsOur customers benefit from fully integrated logistics services from our terminals, to our vessels and containers. We leverage our superior logistics and supply synergies to ensure that the bitumen is delivered when it is required. We can supply bitumen around the globe and deliver where it is needed, ensuring our customers get their supply on time and on specification.

Experienced personnel with local knowledgeWe continue to grow our business by selectively acquiring, investing in and developing our assets, capabilities and people. This allows us to offer our services to an expanding range of customers who are looking for a supplier they can completely trust. We also invest in professional development where we can for the local population. At Puma Energy we strive to attract and retain the best personnel while giving our customers the best possible service.

Above and left: Bitumen transportation in Brisbane and bitumen container operations in Cadiz.

We have the right infrastructure and the right people in place to meet your needs.

‘‘

Market strengths and capabilities

Bitumen 3

Quality productsPuma Energy meets local regulations and exceed them where appropriate. Our global bitumen terminal network offers a range of products meeting international specifications of penetration, viscosity and performance grades, together with the most advanced formulations of emulsions and polymer modified bitumens.

Ongoing testingPuma Energy follows strict Quality Assurance (QA) and Quality Control (QC) policy and procedures. We source our products from highly reliable refineries on five continents; North America, South America, Europe, Asia and Africa. Products are tested at loading ports by independent laboratories. Additional quality checks are performed in our own terminals.

Investing in systemsWe recently made significant investments in our systems. Our Terminal Management System (TMS) provides greater control over truck and driver access and monitors the flow of product in our terminals ensuring limitation of losses.

Above: Langsat terminal infrastructure and bitumen product testing in Cadiz.

4 Bitumen

Our products and servicesBitumenPuma Energy is fully equipped to provide to road construction companies all grades of bitumen they require for their specific projects. We import bitumen, which complies with regional standards, into countries and regions via container ships or bulk terminals, and distribute it using heated bitu-containers and bulk trucks.

EmulsionWe have rapidly introduced emulsion-manufacturing units across many of our bitumen facilities. We manufacture emulsions for all different applications in road pavement and maintenance: prime coating, tack coating, surface dressing. Advantages of emulsions include cold application of binders, it’s more environmentally friendly, safer with no risk of fire and no toxic fumes. It lends itself to easy application, which helps open up road construction businesses to smaller players.

Above and left: Crew member testing the bitumen product in Cadiz and emulsion product used in road laying.

‘‘We provide a world-class service to our customers.

Business operations

Bitumen 5

Full package servicesOur unique combined offer helps rationalise the number of fuels, lubricants and bitumen related contractors. We offer a “one stop shop”, which takes responsibility for product sourcing, delivery to site and maintenance of on-site related facilities.

Technical assistance to end-usersWe provide world-class storage facilities, heating, and transfer equipment to our customers.

Left: Experienced crew unloading bitumen at Cadiz terminal.

Above: Bitumen quality control tests, Angola. Storage facility, Mackay Australia.

‘‘Our unique offer provides storage facilities, heating, and transfer equipment to our customers.

6 Bitumen

Our locations

Leveraging our global network

Above: Bitumen truck, Halong Bay, Vietnam

Above: Truck loading operation, Angola

Barranquilla Colombia

Puerto Rico

Mobile AL, USA

35kmt

London UK

20kmt

Cadiz Spain

48kmt

Arica Chile

Progreso Mexico

Santo Tomas Guatemala

11kmt

Manref Nicaragua

7kmt

Colon Panama

San Antonio Chile

Locations and capacity figures are current as of 31 July 2014.

Mobile loading gantry

Shipping port

At Puma Energy we are fully committed to supplying a range of bespoke bitumen products. We pride ourselves on security of supply, delivering on time and on specification, aided by strong relationships with global refineries and trusted suppliers.

Bitumen 7

Haiphong Vietnam

5kmt

Thilawa Myanmar

20kmt

Ho Chi Minh Vietnam

3.8kmt

Langsat Malaysia

74kmt

Lae PNG

Auckland New Zealand

12kmt

Pointe Noire Congo

Luanda Angola

8kmt

Malange Angola

1kmt

Lobito Angola

10kmt

Beira Mozambique

Cotonou Benin

Takoradi Ghana

Operational

Under Construction

Rented or Alliance

kmt

Walvis Bay Namibia

Matola Mozambique

21kmt

Jakarta Indonesia

9.5kmt

Fremantle Australia

26kmt

Sydney Australia

24kmt

Ship to Truck

Refinery

Under Development

Countries currently present

Thousand metric tonnes

8 Bitumen

Shipping and distributionWith a unique and integrated asset base, which encompasses both offshore and onshore operations, we can focus on the best end-to-end services for delivering competitive advantage.

Where import storage terminals are available to accommodate our 15,000dwt and 30,000dwt vessels, we will use them, and where they are not, we will bring our expertise and global bitumen professionals to assist in their construction and operation or in providing alternative logistical solutions

Our shipping capabilitiesThe safety of our fleet and cargoes is of utmost importance to us. We invest significantly in buying and chartering high quality vessels to deliver bitumen reliably. Our fleet is the most modern in the bitumen industry.

Independent self-supporting cargo tanksOur cargo tanks are built independently from the vessel structure, in line with the latest technology available in the market. This type of construction drastically reduces heat transmission to the hull structure. As a result, our vessels are able to load and maintain cargo temperatures of up to 250°C, with levels of energy efficiency never seen before.

Vessel class notation, Imo type 2 (chemical)We are able to carry chemical products including coal tar pitch, creosote and coal tar naphtha solvent, next to bitumen and fuel oils. Because we are certified to transport chemicals with severe environmental and safety hazards, our fleet complies to significant safety measures and construction standards.

Cargo systemOur cargo system is equipped with the latest safety features, and it works at pressures that are almost double those that are the standard of today’s industry. Our fleet is able to discharge a full cargo in less than 24 hours with pumping rates ranging from 500 to 2,000 cubic metres per hour.

Crew and managementOur ship managers are specialised in bitumen ships and have a long track record in the industry. Our experienced crews receive continuous training in accordance with the highest international standards. Their rotation between our ships means that they are completely familiar with our fleet.

Above: Bitumen cargo ship approaching dock in Cadiz.

Our delivery capabilities

Security of supply

With ISCT hull structure our vessels are able to load and maintain cargo temperatures of up to 250°C in fully segregated tanks.

Bitumen 9

‘‘With the new orders, Puma Energy will become the largest bitumen ship owner in the world by carrying capacity.

World fleet age distribution

Newest in the industry Size is the answer

Only 15 ships represent 31% of the world's carrying capacity. Out of these ships, Puma Energy owns seven units and have four on order. Only the seven units in service represent 10% of the world’s carrying capacity.

30-45years old

20-30years old

15-20years old

4-15years old

Under 3years old

No

. o

f sh

ips

617

30

83

25

7

World fleet size distributionBy number of ships

118

25

15

World Puma Energy 2kdwt - 6kdwt 7kdwt - 12kdwt 13 kdwt - 20kdwt +22kdwt

+13kdwt

World fleet size distribution By dead weight

49%

20%

31%

Puma Energy has the most modern, newly built fleet in the bitumen industry.

We are the fourth-largest bitumen ship owner in the world. We offer competitive freighting where capacity is critical for meeting demand.

World

Puma Energy Puma Energy Puma Energy Puma Energy

World WorldWorld

18%

12.8% 5.2%

13%

7.8% 5.2%

10

6 4

5

3 2

100

80

60

40

20

0

Vessel name Dwt Built Yard Country

Acacia Rubra 6,000 Nov 11 Xinshun China

Palanca Luanda 15,000 Nov 12 3 Maj Croatia

Sao Domingos Savio 15,000 Feb 13 3 Maj Croatia

Palanca Sydney 15,000 May 13 3 Maj Croatia

Palanca Singapore 15,000 Jul 13 3 Maj Croatia

Palanca Rio 15,000 Dec 15 3 Maj Croatia

Palanca TBN 15,000 Q1 16 3 Maj Croatia

Palanca Montevideo 30,000 Dec 13 Hyundai Mipo Republic of Korea

Palanca Muscat 30,000 Mar 14 Hyundai Mipo Republic of Korea

Palanca Maputo 37,000 Sep 16 Hyundai Mipo Republic of Korea

Palanca TBN 37,000 Q1 17 Hyundai Mipo Republic of Korea

Puma Energy – bitumen tanker fleet

10 Bitumen

We are committed to issues of Health, Safety, Environment and Community (HSEC) and this underpins everything we do. This plays out in our continuing investment in our infrastructure and in the careful selection, training and development of our teams. We take a long-term view that doing what we do in the right way is best for us, best for our customers and best for the communities where we work.

■ Puma Energy strives to operate in line with international best practice, even where that exceeds local expectations. We apply the same strict health, safety and environmental standards across all our bitumen operations around the world – from manufacturing right through to distribution and delivery.

■ We are engaged with our communities so we meet with local groups and build strong productive relationships with stakeholders. We also procure local goods and services and employ local people, wherever this is appropriate and viable.

Puma Energy FoundationIn partnership with the Puma Energy Foundation, the philanthropic arm of Puma Energy, we support investment in four areas across our markets. These are: economic development, health and safety, the environment, our people and the communities where we work. We regularly review the progress of our corporate activities within these four areas and aim to report on performance transparently every year.

Day after day we strive to operate in line with international best practice.

‘‘

Right: Ship hose connection at Anglobitumes, Angola

Operating our business the right way

Our attitude to health, safety and the environment

Find out how we can help your business.

pumaenergy.com

Get in touch with us

Puma Energy1, rue de JargonnantCH1207 GenevaSwitzerlandEmail: bitumen@puma-energy.comWeb: pumaenergy.com

Our global contact