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Today’s Getty n Organization — Chief Executive Officer – Vadim Gluzman — Headquartered in East Meadow, NY. Three marketing regions with offices in RI,

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Presentation on theme: "Today’s Getty n Organization — Chief Executive Officer – Vadim Gluzman — Headquartered in East Meadow, NY. Three marketing regions with offices in RI,"— Presentation transcript:

1 Today’s Getty n Organization — Chief Executive Officer – Vadim Gluzman — Headquartered in East Meadow, NY. Three marketing regions with offices in RI, NY & PA. — Over 600 employees — Stations controlled and franchised — Exclusively a downstream marketer, no refining n Operating Philosophy — Independent marketer culture — Low overhead — Flexibility with dealers — Rent or own properties — Maximize volume n Presence in 13 northeastern and mid-Atlantic states n 1,279 branded locations n 8 petroleum terminals n 170 delivery vehicles n Market share - 4% in region, up to 9% in core urban areas

2 General Information  Over 1 billion gallons of annual gasoline sales  1,279 retail sites in the northeastern United States  Strong brand recognition  Significant market share in core urban areas  Upon completion of the Vysotsk Terminal (located near St. Petersburg) scheduled to be finished in the last quarter of 2003, 800,000 to 1.2 million barrels of refined product will be made available to Getty. This new supply point will contribute substantial contributors to Getty's earnings.  Upon completion of Timan-Pechora and its associated refinery, to deliver gasoline to the United States East Coast (Possible profit margins increase by 18 to 20%)  The acquisition of GPM is expected to be the beginning of a significant expansion in the eastern U.S. retail market  Ancillary Business Expansion  Discretionary Spending  Acquisitions  Capitalize on Parent Company Resources n The acquisition of GPM is expected to be the beginning of a significant expansion in the eastern U.S. retail market Today’s Getty: Growth strategy: Our plans:

3 Marketing Region * 1,279 Locations 1,090 Retail 189 Wholesale 1,034 Controlled 939 Getty Realty 94 from 3rd parties 1 Fee Store Formats 731 fuel with bays 365 fuel with c-store 152 fuel-only 19 fuel, bays & shop 6 fuel, bays & wash 3 fuel & car wash 2 fuel, c-store, wash 1 Misc. Market Share 4% across 13 states 5-9% in core metro- politan market areas East Meadow, NY Petroleum Terminals New York Retail376 Wholesale80 Total Units456 New Hampshire Retail32 Wholesale11 Total Units43 Vermont Retail1 Wholesale3 Total Units4 Maine Retail20 Wholesale13 Total Units33 Massachusetts Retail169 Wholesale8 Total Units177 Rhode Island Retail24 Wholesale0 Total Units24 Connecticut Retail 89 Wholesale 1 Total Units 90 New Jersey Retail199 Wholesale30 Total Units229 Delaware Retail13 Wholesale3 Total Units16 Pennsylvania Retail136 Wholesale14 Total Units150 Maryland Retail0 Wholesale11 Total Units11 Virginia/D.C. Retail31 Wholesale10 Total Units41 Headquarters (*) Estimates as of 11/30/02. West Virginia Retail0 Wholesale5 Total Units5


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