Marine Money Istanbul, 21 May 2015 Innovative Business Solution in the Current Environment: Cooperation, Transparency and Specialization 1
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The Auerbach Concept 3
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What Tramp Shipping means to us 5
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The Auerbach Fleet 15
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Auerbach Newbuilding Programme 19
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Auerbach Investment Memorandum 23
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Intermarine Moving your Cargo Shaping your World
Company Overview Founded in 1990 in New Orleans, Louisiana Headquarters in Houston, Texas 22 offices in 15 countries Primary offices: Houston, New Orleans, Hamburg, Naestved, Kuala Lumpur, Dubai, Caracas, Bogota, Beijing and since May 2015 ISTANBUL! 250 direct employees 350 contract employees and agents 1,500+ individuals operating our ships Diversified marine logistics business lines: Liner services Worldwide chartering US flag service Africa Service Terminal ~50 ships in operation 26
Industry Leader in Quality Worldwide Service Intermarine office Representative agent Major trade routes serviced 27
Representative client portfolio Manufacturing & Engineering Construction Firms (Supra-)Nationals Oil and Gas Suppliers Freight Forwarders 28
Milestones & Revenues 29
Our services A comprehensive, one-stop resource Whatever the challenge, our global network of professionals is focused on increasing efficiency and offering unmatched flexibility to meet the specific requirements of breakbulk, heavylift, and project cargo customers. We deliver exceptional end-to-end service around the globe through five core business units: The Americas Service Africa Service U.S. Flag Service Worldwide Chartering Services Industrial Terminals 30
QHSE Overview We take safety seriously Full-time HSE manager Former U.S. Coast Guard Inspector Certified Safety Trainer Robust HSE management system Identifies risk exposure and provides department specific training Reporting/monitoring system for incident management Risk analysis and hazard identification Quality ISO 9001:2008 certified ISO certification since 1998 Corporate commitment to quality assurance and continuous improvement Full-time quality manager, annual audits, recertification in July 2013 31
Operations and technical expertise Focused on the needs of our customers Our in-house operations and technical professionals offer: Customized method statements Port Captain service Cutting-edge drawing and 3D modeling software 32
Thank You 33
LENDER (VARIOUS) Cooperation, Specialization, Transparency FREIGHT MARKETS / CARGO INTERESTS Volatile Income INTERMARINE Core-Partners as Nucleus The Dream-Team Fix Income (Charter) Advantages for Stakeholders Intermarine: asset light principle, bottom market capitalization Auerbach: growth, more management, economies of scale Lender: stable cash flow, fresh equity Equity-Investors: secure investment within shipping markets, affinity to maritime industry Divesting Owner: transforming business model, larger & international entity, shares Cargo Interests: vertical enlargement Loan Fix Debt Service (very favorable terms) AUERBACH Trusting the Core-Partners EQ-Investors Main Advantages for Turkish Parties: Consideration TONNAGE PROVIDER (E.G. DIVESTING OWNER) Assets (at FMV) 34 1. Successfully tested multiple times 2. Scalable and open for Turkish participations 3. Smart solution for stakeholders with limited or unique selling points 4. Flexible docking possibilities ( )
When winds of change blow, some build walls, others build windmills. Chinese Proverb Teşekkür ederiz! Mr. Alexander Tebbe Chief Executive Officer Auerbach Shipping, Hamburg Email: atebbe@aship.de Mr. Stefan Zinecker Managing Director Intermarine, Hamburg Email: stefan.zinecker@intermarine.com Mr. J. Kubilay Falkenberg Managing Partner Falkenberg Law Firm, Hamburg Email: kubilay@falkenberg.pro Marine Money Istanbul, 21 May 2015 35