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MARINE MONEY CONFERENCE DUBAI, MARCH 9 2011 Saleh Al-Shamekh President Oil & Gas The National Shipping Company of Saudi Arabia ( NSCSA )

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Presentation on theme: "MARINE MONEY CONFERENCE DUBAI, MARCH 9 2011 Saleh Al-Shamekh President Oil & Gas The National Shipping Company of Saudi Arabia ( NSCSA )"— Presentation transcript:

1 MARINE MONEY CONFERENCE DUBAI, MARCH Saleh Al-Shamekh President Oil & Gas The National Shipping Company of Saudi Arabia ( NSCSA )

2 OVERVIEW Founded in 1979 as a Public Company in Saudi Arabia Ownership Structure: 72% free float widely held 28%Public Investment Fund (PIF) Largest independent public listed ship owning/operating company in the GCC Market Cap SAR 5.5 Billion as of 31 th December 2010 Total Assets SAR 9.9 Billion as of 31 th December

3 BUSINESS SEGMENTS CHEMICAL MARINE TRANSPORT Diversified Into 5 Business Units DRY BULK GENERAL CARGO SHIP MANAGEMENT OIL & GAS 3

4 STRATEGIC DIVERSIFICATION CHEMICAL MARINE TRANSPORT OIL & GAS GENERAL CARGO SHIP MANAGEMENT 17 DH VLCC Operating in Spot and Time Charter Markets 30.3% of Petredec LPG trader & ship- owner owns and operates 50 ships 4 Con-Ro Ultra- large MPP ships Heavy project cargoes and containers operating from Middle East to US/Canada East Coast and Indian- Subcontinent To acquire 5 Panamax Bulk Carriers NSCSA will operate in this segment through its subsidiary Bahri Dry Bulk JV owned 60% NSCSA/40% ARASCO DRY BULK MIDEAST is NSCSA in-house technical manager Provides NSCSA fleet with quality management at competitive cost. 13 MR IMO2 tankers 12 under construction NSCSA operates in this segment through its subsidiary National Chemical Carrier (NCC) 4

5 RANK 6 th AMONG VLCC OWNERS Source: Clarksons – February 2011 COSCO, 11 VELA, 15 NSCSA, 17 ANGELICOUSIS, 20 NIOC, 28 NYK, 33 MOSK, 40 FRONTLINE, 39 OSG, 12 BW, 15 5

6 LEADER - MIDDLE EAST CHEMICAL MARINE TRANSPORT Operational Fleet (in 000 DWT) Source: Clarkson & Company Websites- November

7 COMPETITIVE ADVANTAGE Young and growing fleet In-house commercial and technical expertise Financially well positioned to support growth plans 7

8 Strong Cash Position & Generation Sustainable Profitability Access to competitive financing Low leveraged Consistent Dividends Payout FINANCIALLY STRONG 8

9 SUSTAINABLE PROFITABLITY SAR Millions 1, , , ,

10 TANKER OUTLOOK Negatives Fleet capacity is rising sharply Increased fuel prices Ship yard capacity World growth slowdown Pressure on asset prices Foreclosures/defaults Positives China/India crude oil import Call on OPEC oil production Super-slow ballast speed Port/Terminal congestion Storage/Contango Oil price Slippage/Restructured NB delivery Fleet consolidation Opportunistic acquisitions 10

11 The National Shipping Company of Saudi Arabia Thank You transparency award


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