HL Acquisitions Corp .: Change Brings Opportunity Change Brings - PowerPoint PPT Presentation

HL Acquisitions Corp .: Change Brings Opportunity Change Brings Opportunity Investor Presentation July 2018

Disclosures This presentation (the “Presentation”) has been prepared by HL Acquisitions Corp. (the “Company”). This Presentation has been prepared solely for discussion purposes only. Any reproduction or distribution of this Presentation, in whole or in part, or the disclosure of its contents, without the prior consent of the Company is prohibited. This Presentation does not purport to contain all of the information that may be required to evaluate a possible transaction. This Presentation is not intended to form the basis of any investment decision by the recipient and does not constitute investment , tax or legal advice. No representation or warranty, express or implied, is or will be given by the Company or any of its affiliates, directors, officers, employees or advisers or any other person as to the accuracy or completeness of the information in this presentation or any other writt en, oral or other communications transmitted or otherwise made available to any party in the course of its evaluation of a possible tr ansaction, and no responsibility or liability whatsoever is accepted for the accuracy or sufficiency thereof or for any errors, omissions or misstatements, negligent or otherwise, relating thereto. Accordingly, none of the Company or any of its affiliates, directors, officers, employees or advisers or any other person shall be liable for any direct, indirect or consequential loss or damages suffered by any per son as a result of relying on any statement in or omission from this Presentation and any such liability is expressly disclaimed. This Presentation contains forward-looking statements. Terms such as “anticipates,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,”“potential,” “predicts,” “project,” “should,” “would” as well as similar comments, are forward- looking in nature. The forward-looking statements contained in this discussion are based on the Company’s current expectations and beliefs concerning future developments and their potential effects. There can be no assurance that future developments affecting the Company will be those that it has anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, they could cause our actual results to differ materially from the forward- looking statements. We are not undertaking any obligation to update or revise any forward looking statements whether as a result of new information, future events or otherwise. You should not take any statement regarding past trends, activities or performance as a representation that the trends, activities or performance will continue in the future. Accordingly, you should not put undue reliance on these statements. This Presentation is not intended to constitute, and should not be construed as investment advice. 2

Contents   Acquisition Criteria   Management Team   Market Landscape Shale Revolution o IMO 2020 IMO 2020 o o Emergent Opportunities o   Appendix Vehicle Description o 3

Our Acquisition Criteria We intend to seek an initial business combination in the hydrocarbon logistics value chain that offers some combination of the following characteristics:   Smaller initial capital requirements (i.e., $50 to $200 million)   Located close to areas of rapid growth in energy demand or industries transitioning to cleaner burning fuels   Mid-to-late development stage, providing for very high expected returns while mitigating the risk associated with the initial phases of development initial phases of development   Proven business with attractive bolt-on growth opportunity, but limited access to capital markets   Upstream production and refining, considered on an opportunistic basis   Could benefit from the substantial expertise, experience and network of our sponsor and management team   Squarely positioned to take advantage of growth trends 5

Our leadership team has extensive operating and investment experience across petroleum production, services & logistics Jeffrey Schw arz Rune Magnus Lundetrae Ajay Khandelw al Chairman and CEO Independent Director Independent Director Prim ary providers of risk capital:  Schwarz Family  Joel Greenblatt (Founder and Co-CIO of Gotham Capital)  Karen Finerman (CEO & Co-Founder of Metropolitan Capital Advisors, Panelist on CNBC’s Fast Money) Our sponsors have structured their equity in the form of w arrants ( vs. units) as w e strongly believe that this opportunity offers significant upside potential over the long term 6

Jeffrey Schwarz, Chairman & CEO  Jeffrey is the co-founder of Metropolitan Capital Advisors, Inc., a New York-based money management firm founded in 1992. He served as Metropolitan’s Chief Investm ent Officer from the firm’s inception until his retirement in 2012.  Since 2012, Mr. Schwarz has served as the Managing Member of Metropolitan Capital Partners V LLC, the investment vehicle of the Schwarz family office. Previous Board Experience Relevant Experience Key Executive Relationships       Co-Chairman of the Board, With an investment management Christian Andersen, Bogen Corporation Bogen Corporation career that began in 1981, and with career that began in 1981, and with CEO of Avance Gas Holding Ltd CEO of Avance Gas Holding Ltd a focus on the oil & gas, oil (c.andersen@avancegas.com )   Chairman of the Board, services, refining and marketing, MLP   Molopo Energy Ltd. Carsten Mortensen, and shipping sectors Jeffrey has deep CEO of BW Group Ltd   Board member, experience in evaluating the (cmo@bwmaritime.com ) Cyberonics Inc. opportunity set to be targeted by HL   Acquisitions Inc. Gary Smith, Former CEO of Golar LNG Ltd (gsmith@poten.com )   Jens Gruner-Hegge CFO of Stolt-Nielsen Ltd. (j.gruner-hegge@stolt.com ) 7

Board of Directors Rune Magnus Lundetrae Ajay Khandelw al     Mr. Lundetrae joined Borr Drilling Ltd. at the time of its Since December 2017, Mr. Khandelwal has served as the inception in December 2016. Since that time he has Chief Executive Officer of Chi Energie Private Limited, an served in various capacities, currently serving as the Indian-based company seeking to broaden the access of Deputy Chief Executive Officer and Chief Financial Officer. Indian energy consumers (including He has played an instrumental role in helping build Borr industrial/ commercial, city gas distribution and heavy Drilling into the world’s largest offshore driller in the vehicle/ buses transportation customers) to LNG. premium jack-up space, participating in the structuring   From 2013 to September 2017, Mr. Khandelwal served as and financing of acquisitions approaching $4b. Borr President (Petroleum and Production) of Reliance Drilling has effectively consolidated its sector with Drilling has effectively consolidated its sector with Industries Limited, one of India’s largest oil companies. Industries Limited, one of India’s largest oil companies. purchases of the premium jack up assets of Transocean   Ltd., Sembcorp Marine Ltd. and Paragon Offshore Ltd., as From 2010 to 2013, Mr. Khandelwal served as Chief well as under construction rigs from the Keppel Shipyard Executive Officer of Jubilant Energy, an E&P company in Singapore. based in India.   From 2006 to 2009, Mr. Khandelwal served as an   From August 2015 to December 2016, Mr. Lundetrae was investment advisor to the family office of John a Managing Director and Head of Oil Services of DNB Fredriksen, one of the world’s largest owners of shipping Markets, the investment banking subsidiary of and oilfield services businesses where he guided the DNB, Norway’s largest financial services group. investments of nine private equity funds in the U.S., Europe and Asia.   From 2012 to June 2015, he served as Chief Financial Officer of Seadrill Ltd, the world’s largest offshore driller.   From 2001 to 2006, Mr. Khandelwal served in several positions with Shell International, most recently as Lead Investment Finance Advisor, focusing on LNG business development and upstream M&A. 8

Our I nvestm ent I nvestm ent Thesis