Port Açu. Açu Superport. Açu Superport

Transcription

1 Port Açu Açu Superport Açu Superport 11

2 EBX S PUBLICLY HELD COMPANIES HOLDING CREATED IN THE '80S TO INVEST IN INFRASTRUCTURE AND NATURAL RESOURCES, IN WHICH BRAZIL HAS, AT THE SAME TIME, GREAT OPPORTUNITIES AND COMPETITIVE ADVANTAGES MINING COMPANY. CREATED IN 2005, COMPETITIVE OPERATING COSTS, HIGH OPERATING EFFICIENCY, S THEQUALITYOFIRONORE UP STREAM OIL COMPANY, DEVELOPS THE BIGGEST PRIVATE SECTOR EXPLORATORY CAMPAIGN IN BRAZIL IN29AUCTION AWARDEDBLOCKS.INJUNE2008RAISEDU$3.8BILLION INTHELARGESTBOVESPAIPO LOGISTICS COMPANY CREATED IN 2007 TO PROVIDE LOGISTIC SERVICES THROUGH THE DEVELOPMENT OF MAJOR PORT SYSTEMS IN THE SOUTHEAST REGION OF BRAZIL ENERGY COMPANY, FOUNDED IN 2001, ALSO OPERATES COAL AND GAS TRADING AND LOGISTICS BESIDES ENERGY TRADING. UNTIL 2012WILL SPEND U$ 4 BILLION IN A 10 MW INVESTMENT PROGRAM FOCUSED ON SHIPBUILDING, CHARTERING, AND SERVICES FOR O&G MARKETS, STARTS WITH OGX S US$ 30BILLIONORDERFOR48OFFSHOREUNITSFORTHENEXT10YEARS,INPARTNERSHIPWITHHYUNDAI 2

3 EBX S PUBLICLY HELD COMPANIES Mkt Cap US$ 3.2 bn Mkt Cap US$ 37.5 bn Mkt Cap US$ 4.0 bn Mkt Cap EBX Group* US$ 50.2 bn Mkt Cap US$ 2.1 bn Mkt Cap US$ 3.4 bn *As of November 30th 2010 *R$/USD 1,71 3

4 LLX LOGÍSTICA SA LLX WAS CREATED IN MARCH 2007, TO PROVIDE LOGISTIC SERVICES THROUGH THE DEVELOPMENT OF MAJOR PORT SYSTEMS IN THE SOUTHEAST REGION OF BRAZIL. ITS MAIN STRENGTHS ARE: STRATEGIC LOCATIONS AND LARGE BACK-AREAS; INTEGRATION WITH EXISTING RAIL AND ROAD; INFRASTRUCTURE; LOW COST OPERATIONAL MODEL(PRIVATE TERMINALS); LONG TERM CONTRACTS AND SYNERGIES GENERATED WITHIN THE EBX GROUP; EXPERIENCED MANAGEMENT TEAM; SECURED DEBT FINANCING SOURCES; SOCIAL AND ENVIRONMENTAL RESPONSIBILITY 4

5 LLX : UNCLOGGING BRAZIL S LOGISTICS LLX S PORTS: REINFORCING BRAZIL S CAPESIZE CAPACITY AND BEYOND Amazon River Manaus Itaquí Fortaleza Suapé Salvador Vitória Rio de Janeiro Santos Paranaguá São Francisco do Sul Rio Grande 80% of the Brazilian population live within 200 km (124 miles) of the coast Only 7% of Brazilian Ports are able to receive capesize vessels*. Source : (*) CEL/COPPEAD 2008 vol 1 and Port Sites 5

6 Port Açu Açu Port Açu Superport 66

7 AÇU SUPERPORT STRATEGIC LOCATION Açu Superport 7

8 AÇU SUPERPORT HIGH LIGHTS MORE THAN R$ 3.4 BILLION INVESTMENT; THE LARGEST IN LATIN AMERICAN PORTS; PORT INDUSTRY INTEGRATION CONCEPT IN 90 KM2; ANCHOREDONALONGTERMIRONORECONTRACT; SUPPORTS THE CHANNEL, BRIDGE AND BREAKWATER CONSTRUCTION MORE THAN 60 CONTRACTS AND MOUS SIGNED WITH COMPANIES FROM SECTORS SUCH AS: STEELMAKING( TERNIUM, WUHAN); POWER GENERATION( MPX); CEMENT(VOTORANTIM, CAMARGO CORREA); OFFSHORE INDUSTRIES( ACERGY, TECHNIP); OILANDGAS; METAL MECHANIC; DRY& LIQUID BULK HANDLING; AUTOMOTIVE; GENERAL CARGO& SERVICES. TOTAL INVESTMENTS IN AÇU INDUSTRIAL DISTRICT WOULD REACH MORE THAN USD 36 BILLION 8

9 AÇU INDUSTRIAL COMPLEX A NEW CLUSTER FOR THE OFFSHORE AND HEAVY INDUSTRY Açu Industrial Complex Manhattan Island 90 Km 2 Industrial Complex (larger than Manhattan Island) Industrial Complex concept under development 9

10 AÇU SUPERPORT UNIQUE LOCATION, LOGISTIC INTEGRATION TO RAILWAY AND HIGHWAY NETWORKS A COMPLETE LOGISTIC CORRIDOR LOGISTICS CORRIDOR BR101TOBEDUPLICATED A 45 km RAIL LINE WILL CONNECT AÇU TO CAMPOS 10

11 AÇU SUPERPORT UNIQUE LOCATION FOR THE CRUDE OIL AND OFFSHORE INDUSTRY Ubu OIL COMPANIES Macaé Campos Basin 85% of Brazil Oil Production AT 12 KNOTS IN 12 HOURS TUPI FIELD CAN BE REACHED FROM AÇU 11

12 AÇU SUPERPORT CURRENT STATUS - OVERVIEW 12

13 AÇU SUPERPORT CURRENT STATUS ROCK DEPOSIT AND CONCRETE PLANT 13

14 AÇU SUPERPORT CURRENT STATUS BRIDGE, IRON ORE BERTH AND BREAKWATER 14

15 AÇU SUPERPORT CURRENT STATUS WATER AND PELLET FEED SEPARATION FACILITY 15

16 AÇU SUPERPORT ENVISAGED SEGMENTS THAT CAN BENEFIT CRUDE OIL NATURAL GAS SHIPBUILDING AND SUPPLIERS OFFSHORE STEEL PROCESSING PORTS 16

17 AÇU SUPERPORT: OIL AND GAS E&P CRUDE OIL PRODUCTION RAMP UP, AÇU BASINS NATURAL GAS SUPPLY RAMP UP NEW DISCOVERIES PRE-SALT EXISTING FIELDS NE EXISTING FIELDS AÇU BASINS IMPORTED LNG IMPORTED FROM BOLIVIA SOURCE: ANP AND LLX SOURCE: GAS ENERGY PRE-SALT OFFSHORE BRAZIL IS ONE OF THE MOST PROMISING NEW BASINS IN THE WORLD PRE-SALT LAYER COMPRISES ALL AÇU BASINS (CAMPOS, SANTOS AND ESPIRITO SANTO) NATURAL GAS SUPPLY RAMP UP DOES NOT INCLUDE IOC S PRODUCTION LAST AUCTION HAPPENED IN 2007, AUCTIONS LIKELY TO RESTART 2011/ 2012 PORTAÇUISINAVERYIMPORTANTPOSITIONTOO&GE&P 17

18 AÇU SUPERPORT: CRUDE OIL BRAZILIAN CRUDE OIL: SUPPLY AND DEMAND BRAZILIAN CRUDE OIL PRODUCTION PER DEPTH MMbpd 9,0 8,0 7,0 6,0 5,0 4,0 3,0 2,0 1,0 0,0 Supply Demand MMbpd 8,0 7,0 6,0 5,0 4,0 3,0 2,0 1,0 0, UP TO 300 m FROM 300 TO 1000 DEEPER THAN 1000 m SOURCE: ANP AND LLX SOURCE: ANP AND LLX CRUDE OIL DEMAND ESTIMATED AS A 5% GROWTH PER ANNUM ULTRA DEEP WATER REQUIRES HIGH TECHNOLOGY CONTENT CAPACITY (MMbbl) ANGRA DOS REIS 5.3 SÃO SEBASTIÃO 8.9 S F DO SUL 2.9 TRAMANDAÍ 2.6 MADRE DE DEUS 3.9 TOTAL CAPACITY 23.6 IOC S PARTICIPATION IN SUPPLY REACHES MORE THAN 40%OFTOTALFROM2014ON GREATNEEDTOEXPORTCRUDEOILORPRODUCTS UNAVAILABLE EXPORT INFRASTRUCTURE SOURCE: TRANSPETRO 18

19 AÇU SUPERPORT: NATURAL GAS NATURAL GAS SUPPLY AND DEMAND NATURAL GAS DEMAND FORECASTED RAMP UP PER APPLICATION THERMO PLANTS DOMESTIC OTHERS SUPPLY DEMAND SURPLUS Industrial Area VEHICLES REFINERIES INDUSTRIES SOURCE: GAS ENERGY SOURCE: GAS ENERGY GAS PIPELINE NETWORK GAS PROCESSING UNITS BIG SURPLUS OF CLEANER ENERGY, 2014 ON INTERNATIONAL OIL COMPANIES HAVE NO INFRASTRUCTURE THERMO PLANTS SMALL GROWTH, MAINLY IN AUTOPRODUCERS MOST OF INDUSTRIAL USE IS ENERGETIC, SMALL USE AS RAW MATERIAL SOURCE: GAS ENERGY BIG OPPORTUNITIES IN THERMO PLANTS FOR AUTO PRODUCERS, GAS CHEMICS, AND LOGISTICS 19

20 AÇU SUPERPORT: SHIP BUILDING & SUPPLIERS FORECASTED DEMAND FOR VESSELS AND OFFSHORE UNITS UNTIL 2020 SHIP BUILDING CAPACITY OFFSHORE UNITS LARGE VESSELS PSVS TUGS CONSERVATIVE OPTIMISTIC OFFSHORE UNITS DEMANDED SOURCE: VERAX CONSULTING EXISTING FACILITIES CAPACITY (UNITS / 10 YEAR)S CONS SOURCE: VERAX CONSULTING OPT HULLS TOP SIDES LARGE VSLS PSVS TUGS TOTAL SHIPYARDS LOCATION OFFOHRE UNITS OTHER VESSELS MUCH HIGHER DEMAND THAN CAPACITY FOR OFFSHORE UNITS LARGE VESSELS HAVE AN IMBALANCE IN HIGH CAPACITIES VSLS PSVS AND TUGS SUPPLY & DEMAND IS BALANCED RIO DE JANEIRO STATE HOUSES MOST OF THE SHIPYARDS BIG OPPORTUNITIES FOR PARTS AND EQUIPMENT SUPPLIERS, AS WELL AS FOR SHIP REPAIR SOURCE: VERAX CONSULTING 20

21 AÇU SUPERPORT: OFFSHORE ESTIMATED DEVELOPMENT COST FOR A DEEPWATER FPSO FORECASTED DEMAND FOR OFFSHORE UNITS UNTIL 2020 ITEM DESCRIPTION US$ m % ENGINEERING FEED, ETC 500 4% FPSO 250 KBOE/D CAPACITY FPSO, MOORING, TOPSIDES 2,250 18% DU DRILLING RIG, CONSUMABLES & SERVICES,40 WELLS PER FPSO 2,470 19% SUBSEA WELL EQUIPMENT SUBSEA INSTALLATION 40 CHRISTMAS TREES, MANIFOLDS, UMBILICALS, SYSTEMS & OTHERS, AVERAGE US$20m PER WELL INFIELD FLOWLINES, RISERS, SUBSEA INSTALLATION, AVERAGE US$80m PER WELL 800 6% 3,200 25% EXPORT PIPELINE FOR GAS EXPORT 1,500 12% TLWP WHP FPSO CONSERVATIVE OPTIMISTIC OTHER MOORING, CONTINGENCY AND OTHER 2,000 16% TOTAL PER FPSO 12,720 SOURCE: UBS OFFSHORE UNITS DEMANDED SOURCE VERAX CONSULTING EXPLORATION DEVELOPMENT ITEM GEOLOGY AND GEOPHYSICS DRILLING, EVALUATION AND COMPLETION OPERATIONAL SUPPORT DRILLING,EVALUATION AND COMPLETION CRUDE OIL COLLECTION SYSTEM PRODUCTION UNITS LOCAL CONTENT REGULATION DEEP WATER > 400 m SHALLOW WATER 100m 400 m < 100 m ONSHORE 55 % 55 % 55 % 80% 65% 65% 65% 85 % HUGE DEMAND GROWTH FOR OFFSHORE INDUSTRY PRODUCTS AND SERVICES REGULATION COMPELS COMPANIES TO GO TO BRAZIL LOCAL CONTENT IS MINIMUM, IN AUCTIONS CAN REACH 80% OPPORTUNITY TO NEWCOMERS RIO DE JANEIRO STATE HAS THE ADVANTAGE OF BEEING NEAR THE PRODUCTION FIELDS (SERVICES) AND MOST OF THE SHIPYARDS (PRODUCTS) SOURCE: ANP 21

22 AÇU SUPERPORT: STEEL PROCESSING BRAZIL 45 Africa STEEL PER CAPITA DEMAND (2009, kg/hab.year) 93 Latino américa* Norte américa** Ásia SOURCE: WORLD STEEL ASSOCIATION 241 Unión Europea 285 Medio Oriente BRAZILIAN STEEL INDUSTRY FIGURES 28 MILLS; 13 INTEGRATED (FROM IRON ORE) 15 SEMI-INTEGRATED (FROM PIG IRON AND SCRAP) MANAGED BY 9 BUSINESS GROUPS CRUDE STEEL CAPACITY : 42.1 mty CRUDE STEEL OUTPUT: 26.5 mty STEEL PRODUCTS OUTPUT: 25.7 mty APPARENT CONSUMPTION: 18.6 mty SOURCE: WORLD STEEL ASSOCIATION STEEL PRODUCTION IN AÇU IN THE FIRST YEARS (mtpy) SLABS 250 1,500 2,000 2,500 2,500 2,350 2,275 BILLETS COILS 1,250 1,875 PLATES TOTAL 330 1,980 2,640 3,300 3,300 4,800 5,550 MOST OF THE STEEL PLANTS ARE IN RIO DE JANEIRO OR NEIGHBOUR STATES (MG, ES, SP) HUGE POTENTIAL FOR PER CAPITA DEMAND TO REACH INTENATIONAL LEVELS CONNECTION OF METAL MECHANICAL INDUSTRIES WITH SUPPPLIERS (STEEL PLANTS) WITH OIL AND SHIP INDUSTRY IN BRAZIL 22

23 AÇU SUPERPORT: GENERAL CARGO TERMINAL TEUS HANDLED YEARLY BY COMPETITORS CONTAINER LOADING RATE TEU / y 3,0 2,5 2,0 1,5 1,0 0,5 0, VITORIA RIO SANTOS CONTAINER / HOUR BRASIL SANTOS HAMBURG SOURCE> ANTAQ SOURCE:COPPEAD HOURS PER VESSEL CONTAINER VESSEL AVERAGE TIME IN LINE UP BRASIL SANTOS HAMBURG ANTWERP SANTOS, RIO DE JANEIRO AND VITÓRIA ARE AÇU COMPETITORS NOT SO HIGH STANDARDS TO ACHIEVE BESIDES CONTAINERS, OTHER GENERAL CARGO LIKE: STEEL PRODUCTS OFFSHORE PROJECT GRANITES SOURCE:COPPEAD 23

24 AÇU SUPERPORT SUPPORTING THE SEGMENTS Industrial Area CRUDE OIL NATURAL GAS SHIPBUILDING AND SUPPLIERS OFFSHORE STEEL PROCESSING PORTS 24

25 INFRASTRUCTURE FURNISHED BY LLX FOR ALL SEGMENTS STANDARD LANDFILL MACRO DRAINAGE CHANNELS ROADS AND BRIDGES DISTRICT ADMINISTRATIVE CENTER POWER NETWORK Industrial Area PUBLIC LIGHTING WATER DISTRIBUTION NETWORK SEWAGE SYSTEM TELECOMM INFRASTRUCTURE ORDINANCE, SECURITY AND ACCESS CONTROL GENERAL CARGO TERMINAL (SPOT BASIS) 25

26 INFRASTRUCTURE FURNISHED BY LLX AT THE CHANNEL Industrial Area EXTERNAL CHANNEL (18.5 m DEEP) INTERNAL CHANNEL (14,5 m DEEP) INTERNAL CHANNEL (10,0 m DEEP) BREAKWATERS BULKHEAD (INTERNAL) 26

27 INFRASTRUCTURE FURNISHED BY LLX WHEN USING THE CRUDE OIL BERTHS CHANNEL AND TURNING BASIN (UP TO26 m DEEP) BREAKWATER BRIDGE Industrial Area 27

28 TENANTS RESPONSIBILITIES YARDS OFFICES WAREHOUSES FENCES SLIPS GRAVING DOCKS OTHER FACILITIES 28

29 COMMERCIAL MODEL COMMERCIAL CONDITIONS LONG TERM LAND LEASE (20 YEARS, RENEWABLE) CONDOMINIUM FEE PORT TARIFF (WHEN APPLICABLE) HANDLING FEE (WHEN APPLICABLE) COMMERCIAL STEPS NON BINDING, NO EXCLUSIVITY NDA JOINT PRELIMINARY STUDIES LOC JOINT DETAILED STUDIES CONTRACT 29

30 AÇU SUPERPORT MILESTONES 2012 Q Q Q2 FIRST FIRST FIRST UNLOADING STEEL MOORING 2012 Q3 FIRST MOORING Industrial Area 2013 Q3 FIRST STORAGE 2012 Q4 FIRST DELIVERY 2012 Q Q4 FIRST FIRST LOADING TRANSHIP 30

31 Information: Contact: THANKS 31

32 Crude Oil and Natural Gas sources and assumptions Exploration: ANP: ROUNDS & BDEP; OGX - BIDS/ Expected Reserves Ratio: 0,35 US$/bbl; 3:1 Crude Oil : Gas Ratio; 9 Years from Contract to Production On. Development & Production: ANP ROUNDS & BDEP; CLIPPING: Brasil Energia, TN Petróleo, Valor Econômico, Offshore Technology, Rigzone, SubseaIQ, FGV, Petrobras and IOC s websites. 32

33 FORECASTED DEMAND FOR VESSELS AND OFFSHORE UNITS UNTIL 2020 LARGE VESSELS PSVS & TUGS SHUTTLE TANKERS PSVS BULKERS TUG BOATS TANKERS LNG/LPG CARRIERS CONSERVATIVE OPTIMISTIC CHEMICAL TANKERS CONTAINER SHIPS DU TLWP HULLS & TOPSIDES CARGO SHIPS 8 12 WHP FPSO SOURCE VERAX CONSULTING

34 OFFSHORE UNITS FPSO FLOATING, PROCESSING, STORAGE, OFFLOADING UNIT WHP WELL HEAD PLATFORM TLWP TENSION LEG WELL HEAD PLATFORM DU DRILLING UNIT 34

35 OFFSHORE UNITS AND VESSELS DEMAND CONSERVATIVE SCENARIO ESTIMATED DEMAND FOR OFFSHORE UNITS IN THE NEXT 20 YEARS Σ FPSO WHP TLWP DU Σ CONSERVATIVE SCENARIO ESTIMATED DEMAND FOR OTHER VESSELS IN THE NEXT 20 YEARS Σ SHTL TKRS BULKERS TANKERS LNG/LPG CHEM TKRS CNTR SHIPS CARGO SHIPS PSVS TUGBOATS Σ

36 BRAZILIAN OFFSHORE BASINS PRE-SALT LAYER 36

37 BRAZILIAN OFFSHORE BASINS SOURCE: UBS 37

38 AÇU SUPERPORT: GENERAL CARGO TERMINAL VITÓRIA AÇU SUPERPORT RIO DE JANEIRO SANTOS 38