SUPPORTING GROWTH ON THE PAR AGUAY-PAR ANÁ WATERWAY

Transcription

1 SUPPORTING GROWTH ON THE PAR AGUAY-PAR ANÁ WATERWAY

2 CONTENTS TRAFIGURA AT A GLANCE 4 FLUVIAL LOGISTICS FOR RELIABLE SUPPLY 6 A MODERN FLEET OF BARGES TO SUPPORT GROWTH 8 LEVERAGING SYNERGIES IN LATIN AMERICA 9 A STEADFAST PARTNER FOR BUSINESS 10 2

3 ADVANCING TRADE ALONG THE RIVER NETWORK Trafigura is playing a key role in the supply of petroleum products to southern Latin America by investing in critical logistical assets and infrastructure along the Paraguay-Paraná waterway. The Paraguay-Paraná waterway is one of South America s most important transnational river networks running through Uruguay, Argentina, Paraguay Brazil and Bolivia. The river network has become a significant economic development area and a key enabler of domestic and international trade. In 2014, the Trafigura Group took over a regional investment programme worth up to USD450 million to supply fuel to Argentina, Paraguay and Bolivia via the Paraná and Paraguay rivers. The project brings together the capabilities of our industrial investment Puma Energy, the midstream and downstream fuel supplier, as well as our wholly owned logistics subsidiary Impala Terminals, which owns and operates ports, port terminals, storage facilities and transport assets for dry and liquid bulk cargoes, general cargo and containers. The Paraguay-Paraná waterway project not only demonstrates the Group s long-term commitment to the markets of southern Latin America but also its vision for the region s economic growth. Our storage and shipment terminals along both of the rivers combined with our modern fleet have now created a transport corridor of over 2,780 kilometres. 3

4 TRAFIGURA AT A GLANCE The Trafigura Group is one of the world s leading independent commodity trading and logistics houses. With 61 offices in 36 countries, the Group s network extends to every corner of the globe. For the past two decades, our international, end-to-end services have been connecting producers and consumers worldwide and growing prosperity by advancing trade. TRADING ACTIVITIES Oil and Petroleum Products In a fragmented market where no single company has a dominant position, we are one of the world s largest traders by volume of oil and petroleum products. Trafigura is one of the few oil and petroleum products traders with global presence and comprehensive coverage of all major markets. The Oil and Petroleum Products Division is supported by offices across the world including in Beijing, Calgary, Geneva, Houston, Johannesburg, Mexico City, Montevideo, Moscow, Mumbai and Singapore. Metals and Minerals We are one of the world s largest metals and minerals traders. We negotiate offtake agreements with miners and smelters and invest in logistics through our subsidiary, Impala Terminals, to improve market access for our clients. The Metals and Minerals Division is supported by offices across the world including in Geneva, Johannesburg, Lima, Mexico City, Montevideo, Mumbai, Shanghai, Singapore and Stamford mmt Oil and Petroleum Products volume traded (2015: 146.3mmt) 59.0mmt Metals and Minerals volume traded (2015: 52.1mmt) DIVISIONAL PERFORMANCE DIVISIONAL PERFORMANCE Oil and Petroleum Products volume traded (mmt) Shipping and Chartering* Our Shipping and Chartering desk is closely integrated into Trafigura s business model, providing freight services to commodity trading teams internally and trading freight externally in the professional market. Operations are based in regional offices in Athens, Geneva, Houston, Montevideo and Singapore. All post-fixture operations are managed from our Athens office Metals and Minerals volume traded (mmt) 3,878 Shipping and Chartering fixtures** (2015: 2,744) * Financials relevant to Shipping and Chartering are consolidated within Oil and Petroleum Products/Metals and Minerals trading activities. ** Includes wet and dry fixtures. Metals Minerals 4

5 INDUSTRIAL AND FINANCIAL ASSETS DT Group DT Group is a business venture between Trafigura and Cochan Ltd. It develops markets in sub-saharan Africa, with a particular focus on Angola. It works closely with international and local partners in the logistics, trading and natural resources sectors. Impala Terminals Impala Terminals is a multimodal logistics provider focused on export-driven emerging markets. It owns and operates ports, port terminals, warehouses and transport assets. It has particular expertise in providing efficient logistic solutions in challenging environments and hard-to-reach locations. Mining Group The Mining Group manages mining operations, develops projects, conducts technical audits of existing and potential partner projects and provides advisory and support services to Trafigura s trading desks, trading partners and Galena Asset Management. Galena Asset Management Galena Asset Management provides investors with specialised alternative investment solutions. It operates independently, but benefits from the Group s insights into the global supply and demand of commodities. Puma Energy Trafigura is a 49.6 percent shareholder in Puma Energy, a global oil and petroleum products distribution company. The company manages 22 million m 3 throughput volumes via its network of 101 bulk storage terminal, 63 airports and over 2,555 service stations. 50% ownership 100% ownership 100% ownership 100% ownership 49.6% ownership 83 employees* 1,625 employees 473 employees 13 years in operation 7,700+ employees Midstream Downstream Time charter Trading PUMA Voyage charter ENERGY Shipping Infrastructure WET FREIGHT GROU P D T Private equity GALENA OIL AND METALS PETROLEUM AND PRODUCTS MINERALS TRADING TRADING Investments Private infrastructure logistics Multimodal Private debt DRY FREIGHT I M PA L A T E R M IN A L S Voyage charter GROU P M I N I NG Transport assets Time charter Ports and terminals Owned mines Joint venture mines Technical advisory Trafigura s strategic investments in industrial and financial assets complement and enhance its core business of physical trading and logistics. We structure each of these investments as standalone businesses. BUSINESS HIGHLIGHTS $98.1bn Group revenue 264.4mmt *All employee numbers represent average annual totals **Million metric tonnes. All figures are correct as of 30 September 2016 ** Combined volume of commodities traded $45bn 4,107 Financial lines available to Trafigura Employees 5

6 FLUVIAL LOGISTICS FOR RELIABLE SUPPLY We have invested more than USD450 million in creating a reliable fluvial logistics corridor where we currently supply petroleum products to Argentina, Paraguay and Bolivia. Our fleet is deployed along the 2,000-kilometre route. It replaces costly ship to barge transfers and provides a more efficient and cost-effective alternative to overland transport. The journey commences in Argentina, where Trafigura s newly built Campana Terminal is the base for loading operations. Operated under Petromining SA, the 150-hectare area has 12 storage tanks with a total of capacity of 145,000m 3 (rising to 251,00m 3 in a second phase) and 625,000 tonnes for minerals, iron and coal. Its purpose-built river jetty along the 670 metres of shoreline can handle up to four barges at a time. Two piers can berth ocean ships and six positions are available for cargo trucks. Gas oil, diesel fuel, jet fuel, gasoline and naphtha products are moved by a modern fluvial fleet of pushers and double-hull barges operated and chartered by Impala Terminals and discharged in multiple locations along both rivers. On the return trip, the same network is leveraged for export shipments of soy bean oil from Paraguay to Argentina. Impala Paraguay has a total of 27 barges and four pushers in operation along the waterway. The new infrastructure and logistics have opened a critical two-way artery for growing trade along the land-locked route. The potential extends to the entire area where the Trafigura Group has a growing footprint of assets and distribution networks. 6

7 Bolivia Km 2,785 Puerto Suarez, Bolivia Km 2,770 Corumba, Brazil Km 2,232 Murtinho, Brazil Paraguay Km 1,940 Concepcion, Paraguay Paraguay River Brazil $450m Total investment in the region 2,780km Fluvial route for products 145,000m 3 Campana Terminal oil storage, phase 1 Km 1,630 Asunción, Paraguay Km 1,602 Puerto San Antonio, Paraguay (Puma Energy Storage Facility) Km 1,240 Confluencia, Paraguay Km 1,208 Corrientes, Argentina Argentina Km 445 San Lorenzo, Argentina Parana River 1,000,000 mt Veg oil 2,530,300m3 Hydrocarbons Encarnación, Paraguay (Puma Energy Storage Facility) Uruguay Km 91 Paraná de las Palmas, Argentina (Petromining SA, Campana Terminal) Campana Terminal to: Asuncion, Paraguay 7 days Puerto Suarez, Bolivia days Hydrocarbons: Gas oil, diesel fuel, jet fuel, gasoline and naphtha Nueva Palmira, Uruguay South Atlantic Ocean 7

8 A MODERN FLEET OF BARGES TO SUPPORT GROWTH Impala s convoy along the waterway comprises seven barges and a pusher, a configuration which allows the transportation of 16,000m 3 of liquid products per month. Safety is integral to maintaining the high standard of operations: All equipment meets the International Association of Classification Societies (IACS) standards. Pushers are fitted with modern navigation and night operation equipment. Barges are fitted with alarm systems to alert crew members when the barge reaches 95 percent capacity in order to prevent overflow and any spillage. GPS monitoring systems report the exact position of each barge and the quantity of product in its hull at any time of the day. All crews are 100 percent locally hired and receive comprehensive training and monitoring. The company is further strengthening its capabilities along the route by growing its fleet as traded volumes increase. Impala currently has 27 barges and four pushers for a total investment of USD100 million. An additional seventy employees will be hired in 2017 and based in Asuncion and Montevideo to support our growing operations in the region. 27 Barges in operations 21,000m 3 Of product can be moved each month per convoy $100m Projected investment in new barges 70 Additional employees by end of 2017 AN EXPERT IN MULTIMODAL LOGISTICS Impala has a strong track record in Latin America, with state-of-the-art facilities across eleven countries. In 2015 it invested USD2.02 billion in the region. In Colombia, Impala owns and operates a fleet of over 120 double-hulled liquid barges and 17 barge pushers for the transportation of bulk cargoes and containerised products, including oil and its derivatives, coal, coke, bulk, break-bulk, containers and project and oversized cargo. This multimodal network operating along the Magdalena River links multiple inland areas of oil production to Impala s new river terminal in Barrancabermeja, and onward to international ports at Barranquilla and Cartagena. 8

9 LEVERAGING SYNERGIES IN LATIN AMERICA Trafigura is a key stakeholder (49.6%) in Puma Energy. Puma Energy is a fast-growing vertically integrated midstream and downstream oil group active in every region of the world. By working with Puma Energy, Trafigura benefits from its strong distribution network in growing economies across the world. Puma Energy builds terminals in strategic locations where road, rail and sea routes meet. It develops bespoke systems and processes to meet customers needs worldwide and leases storage capacity to third parties. Puma s storage facilities support trade flows and enhance liquidity within regional and national markets. In Paraguay, Puma Energy has a network of over 200 service stations. Its business-tobusiness portfolio includes 60 regular customers in agriculture, transport, industry and government and employs close to 150 people. Puma Energy has a competitive advantage through its terminals in the interior of the country, its in-house technical service and its dealer-operated network. There are two terminals with a storage capacity of 70,500m³. The storage terminal at Encarnación is close to the borders with Brazil and Argentina making it a key location. Puma Energy has also completed the construction of a new storage terminal close to the capital city of Asunción. In Argentina, Trafigura aims to work closely with Puma Energy under a brand licensing agreement. It will invest in developing a network of service stations under the Puma Energy brand and expects to open another 5 service stations by the end of the year to develop distribution arrangements specifically designed for the farming sector. 9

10 A STEADFAST PARTNER FOR BUSINESS As important commercial and financing partners for entities including national oil companies, governments and small and large businesses, we are providing strong risk management support while investing in economic growth. We have built key relationships throughout Latin America with strong links to every trading region of the world thanks to our global trading hubs. From our main regional office in Montevideo, our traders benefit from the support of the Trafigura Group s global network. At every step, we use our extensive market knowledge and technical expertise to deliver a superior and financially strong service. Infrastructure is critical to our business model. We design, finance and operate terminals throughout the world. We provide the logistics to enable efficient and cost effective transportation connecting clients to growing markets. We focus on operating responsibly. We maintain high safety and quality standards and frequently assess, monitor and measure our activities internally and with external parties. We ensure that our responsibility to health safety, the environment and surrounding communities is firmly tied to our objectives in order for our value to not just be positive but long lasting. 10

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12 Trafigura Pte. Ltd. 10 Collyer Quay #29-00 Ocean Financial Centre Singapore Tel : +(65) Fax : +(65) TF/0182.3e Last updated: Trafigura Group Pte. Ltd. and the companies in which it directly or indirectly owns investments in are separate and distinct entities. In this publication, the collective expressions Trafigura, Trafigura Group, the Company and the Group may be used for convenience where reference is made in general to those companies. Likewise, the words we, us, our and ourselves are used in some places to refer to the companies of the Trafigura Group in general. These expressions are also used where no useful purpose is served by identifying any particular company or companies.