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Secure Online Services for Physical Oil Professional s. OILspace Michael Oster 3 East 80 th Street New York, NY 10021 Tel: +1 212-628-7191 Fax: +1 212-628-7193 michaeloster@oilspace.com www.oilspace.com. UBS Warburg -- London Roger Ader / Katie Jackson 2 Finsbury Avenue
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Secure Online Services for Physical Oil Professionals OILspace Michael Oster 3 East 80th Street New York, NY 10021 Tel: +1 212-628-7191 Fax: +1 212-628-7193 michaeloster@oilspace.com www.oilspace.com UBS Warburg -- London Roger Ader / Katie Jackson 2 Finsbury Avenue London EC2M 2PG Tel: +44 20 7568 8772 Fax:+44 20 7568 0330 roger.ader@ubsw.com katie.jackson@ubsw.com UBS Warburg -- NY Christopher Abbate 299 Park Avenue New York, NY 10171 Tel: +1 212-821-3000 Fax: +1 212-821-3285 christopher.abbate@ubsw.com www.ubswarburg.com
Parallel Tracks of Development Replicating and enhancing managers’ existing business practices and relationships. Providing tools to help managers create value by improving distribution of resources.
111.7 34.9 22.7 120.7 188.8 74.4 39.1 207.4 30.1 59.7 17.3 96.0 64.6 128.5 21.2 20.3 34.7 38.5 292.0 20.6 40.1 The global oil market represents the most expensive and possibly the most complicated supply and demand allocation problem on the planet. Tradeflows worldwide (million tonnes)
Best economic value Teamwork’s TandemMarkets process optimizes the supply chain by enabling the right buyer to find the right seller NW Europe (Vitol) TeamWorks™ Gulf Coast (DOW) 55K tons Naphtha Sonatrach Japan (Marubeni) Korea (Samsung)
BP BP Exxon Exxon Repsol Repsol CPC CPC Shell Shell SK SK Valero Valero August IOC IOC August Loadings Petrobras Petrobras Nexus’ NexTerm service increases the total value of term oil contracts for all parties in the Oil value chain Nexus™
Ras Tanura Theodosia Ras Lanuf Qua Iboe Ceyhan Odessa Bouy 1 Tuapse Batumi Skikda Suez Exxon Petrola Hellenic Costanza Burgas Tupras Ismit Tupras Ismir Petrogal Repsol YPF AGIP Shell Total BP Saras Skopje Hellenic ORL Motor Oil Cepsa Nexus’s Advanced NextLevel auction algorithms enhance resource allocation Nexus™
Futures, Swaps and Derivatives oil Physical Oil PlattsDirect Petrovantage RedMeteor FuelSpot Triple Point Intercontinental Exchange Enron Online eNYMEX Altra Energy Technologies OILspace is the leading online services company exclusively focused on the physical oil industry financial physical Ancillary Procurement Network Oil Bunkerworld OceanConnect Ship IQ TradeRanger Petroleum Place Kiodex LevelSeas equipment & services
Critical Success Factors Industry-specific approach FAME C-Squared Triple Point Petrovantage LevelSeas FuelSpot HoustonStreet EnergyView Petrovantage PlattsDirect Platts Reuters Pepex SageWave Trade Capture Physical Oil Information • Domain expertise Negotiaions Back Office Applications • Comprehensive services • Neutrality • Open interface • Global marketing ability Critical Services • Value-added services
Primary Revenue Sources • Nexus Oil Transaction Fees • Shipping Transaction Fees and Other TeamWorks Revenue Sharing • ASPect Office Subscription Fees
Profits -$20 Costs Revenues and Costs Millions 2002 2003 2004 2005 Year n
Adoption and Value 25% User Adoption Customer value and adoption will accelerate 2% Early FeatureLaunch Advanced Features and Several Major Adopters Industry Virtuous Mass Developing Value Add Accelerating 2001 Year n Time
Product Release Schedule -- 2001 2% User Adoption OILwatch Information / OILreach Communications ASPect Office Applications Released NEXUS Transactions TeamWorks Shipping Summer Fall Winter
Global Team and Infrastructure OILspace offices
Harald Norvik Statoil Chairman Paul Klemperer Oxford Professor Mickey Kantor US Trade Ambassador General Brent Scowcroft US National Security Advisor Mike Bowlin ARCO Chairman H.E. Hisham Nazer Saudi Oil Minister Dr Chulsu Kim Korean EnergyMinister Lawrence Eagleburger US Secretary of State Idan Ofer Tanker Pacific Humberto Calderon Berti Venezuelan Oil Minister OILspace Advisors
Investment Highlights • Enormous market • Critical success factors • Neutral, global platform • Advanced proprietary technology • Comprehensive services • Unparalleled team and leadership • Value adding approach • Near-term profitability and scalability