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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 KD 182 million. …with a successful track record. Total 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 KD 182 million

  3. …with a successful track record Total Assets KD 181 mn

  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 327 Million KD in 2011. • Total assets of over 1,500 Million KD in 2011.

  6. Focused Investment Portfolio – 182 Million KD As at 31/12/2011

  7. Bringing Ikarus Expertise to our Investments

  8. High Performance - Tasnee • Integrated complex, Jubail Saudi Arabia. • 720,000 tones/year Polypropylene capacity • 800,00 tones/year polyethylene • 285,000 tones/year propylene & 200,000 tones/year ethylene • 735,000 tones/year titanium Dioxide Capacity in its subsidiary ( Crystal) in Yanbu. • 2011 Revenue 1,473 MM KD; Net Income 182 MM KD. • Market capitalization 1.4 billions KD.

  9. …and ambitious growth - Sipchem • First private petrochemicals manufacturer in Saudi Arabia • Phase I (In production) • 1 million tonnes/year Methanol • 75,000 tones/year Butanediol • Phase II in production since 2010 • 460,000 tones/year Acetic Acid, and 330,000 tones/year VAM,andCarbon Monoxide • Phase III (2013) • Olefins and derivatives.

  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 is set to supply the bulk of the growth in oil output to 2035. • MENA will strengthen its position as world’s largest exporter. • Energy investment in the region is estimated to be $525 billion in 2012 – 2016. • Petrochemicals capacity expected to double by 2018 • Growing role for private sector participation Source: Apicorp

  13. $525bn Planned Investments in MENA Energy 2012 - 2016 Source: Apicorp

  14. $525bn Planned Investments in MENA Energy 2012 - 2016 Source: Apicorp

  15. MENA leads other regions in crude production & reserves Source: EIA & Global Data

  16. MENA: Central Role in Future Resource Provision • 2011 ~35% of global oil supply and 20% 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/Global Data

  17. 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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