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Ikarus Petroleum Industries

Ikarus Petroleum Industries. A Kuwait Based Investment Company…. Focusing on the energy and petrochemicals sectors Paid-up share capital KD 75 million ($275m) Listed on the Kuwait Stock Exchange 2008 Total Assets in excess of USD 750 million. …with a successful track record. Current Assets.

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Ikarus Petroleum Industries

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  1. Ikarus Petroleum Industries

  2. A Kuwait Based Investment Company… • Focusing on the energy and petrochemicals sectors • Paid-up share capital KD 75 million ($275m) • Listed on the Kuwait Stock Exchange 2008 • Total Assets in excess of USD 750 million

  3. …with a successful track record Current Assets Current Liabilities Non Current Assets Total Equity KDm

  4. …Experienced Leadership

  5. …and the backing of a strong parent • National Industries Group. • Largest shareholder in Ikarus Petroleum • Listed on Kuwait Stock Exchange since 1984. • Market capitalization of over $ 7 billion. • Total assets of over $ 5 billion

  6. Focused Investment Portfolio - $750m* * As at 31st December 2007

  7. Bringing Ikarus Expertise to our Investments

  8. High Performance - Tasnee • 500,000 tonnes/year Polypropylene capacity • Integrated complex, Jubail Saudi Arabia. • 2007 Revenue $1.8bn; Net Income $150m • Market capitalization $5.4 billion.

  9. …and ambitious growth - Sipchem • First private petrochemicals manufacturer in Saudi Arabia • 10th largest company by market cap in the Middle East. • Phase I (In production) • 1 million tonnes/year Methanol • 75,000 tonnes/year Butanediol • Phase II (2009) • Acetic Acid, Vinyl Acetate Monomer, Carbon Monoxide • Phase III • World class olefins and derivatives complex

  10. Ikarus Saudi investments enjoy strong industry fundamentals • Leading private sectors players in Saudi Arabia • World Scale • Low Cost Feedstock • Proven & Leading Technology • Market positioning- Partners with leading international chemical majors • Good Logistics • Credible applicants for additional feedstock • Proven operational and project competence

  11. Ikarus Key Differentiators

  12. MENA Energy Sector Trends • Role of Middle East in World Energy will grow • With half of the world’s reserves, MENA will meet 2/3 of increase in global oil demand. • MENA will strengthen its position as world’s largest exporter. • Energy investment in the region $490 billion in 2008 – 2012 (Apicorp estimate) • Petrochemicals capacity expected to double by 2018 • Growing role for private sector participation Source: Apicorp

  13. $490bn Planned Investments in MENA Energy 2008 - 2012 Source: Apicorp

  14. $490bn Planned Investments in MENA Energy 2008 - 2012 Source: Apicorp

  15. MENA: Central Role in Future Resource Provision • 2008 ~36% of global oil supply and 17% of natural gas. • Anticipated increased role due to resource base ~44% of oil and at least a quarter of natural gas by 2030 MENA energy policy preferences critical to global energy future Major concerns that it’s not doing enough Source: IEA

  16. MENA Expansion Targets State Targets • Plans for 5.8 million b/d new crude through 2012 (source: state figures) • 392 Bcm additional gas (source: state figures) • 1.9 million b/d NGLs (IEA number) • 6.3 million b/d+ of new refining capacity (state figures) • 70 million tonnes+ of LNG (state figures) Source: IEA

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