Institutional Presentation December 2017 Disclaimer This - PowerPoint PPT Presentation

Institutional Presentation December 2017

Disclaimer This presentation contains statements that may constitute “forward -looking statements”, based on current opinions, expectations and projections about future events. Such statements are also based on assumptions and analysis made by Wilson Sons and are subject to market conditions which are beyond the Company’s control. Important factors which may lead to significant differences between real results and these forward- looking statements are: national and international economic conditions; technology; financial market conditions; uncertainties regarding results in the Company’s future operations, its plans, objectives, expectations, intentions; and other factors described in the section entitled "Risk Factors“, available in the Company’s Prospectus, filed with the Brazilian Securities and Exchange Commission (CVM). The Company’s operating and financial results, as presented on the following slides, were prepared in conformity with International Financial Reporting Standards (IFRS), except as otherwise expressly indicated. An independent auditors’ review report is an integral part of the Company’s condensed consolidated financial statements. 2

Commitment to Safety WS Group Lost Time Injury Frequency Rate (LTIFR): 2010-9M17 7.14 Reduction of 96% in the Lost Time Injury Frequency Rate (LTIFR) FROM TO 7.14 0.50 4.68 in 2010 in 2022 Already 0.20 below the 3.18 in 9M17 2022 target 2.37 4 DuPont HSE 1.80 Awards 1.53 0.69 2012 2013 2014 2015 0.20 2010 2011 2012 2013 2014 2015 2016 9M17 3

180 Years of Experience 1928 Inauguration of the largest 1973 Acquisition of Guarujá I 1837 covered warehouse in 2003 2016 Wilson, Sons & Company Offshore operations Renewal of the Container shipyard, bolstering the Latin America, in São was founded in Salvador (BA) Group’s shipbuilding begin with the launch of Terminal concession in Cristóvão (RJ). providing shipping agency activities. first Platform Supply 2012 Salvador, acquisition of 6 Expansion of Tecon Salvador Vessel (PSV) – services and trading coal tugboats from Vale. Start almost doubling the terminal’s Albatroz – built by internationally. of operations in Santa 1958 capacity. Wilson Sons celebrates Walter Salomon saw the opportunity to invest in Wilson Sons Shipyards. Clara Terminal. 175 years since the Company the Brazilian business and engineered a share foundation and Tecon Rio swap whereby shareholders of Ocean Wilsons Grande celebrates 15 years in Holdings Ltd receiving non-voting shares in operation for the Company. then called Scottish and Mercantile Investment 1873 The solidity of the 2014 Commencement of Trust which is today Hansa Trust PLC. Company is reflected in towage operations in the its participation in the Amazonian state of 2008 Construction of the coal trade as well as in Pará, with seven tugs Change of Company name Third Berth in Tecon 1964 the importation of attending the port of from Rio de Janeiro Lighterage Rio Grande, resulting products such as Company (subsidiary of WS Belém, as well as the 1999 Foundation of Brasco, an in Brazil’s largest cotton, wool, linen and Vila do Conde terminal Co, Ltd) to Companhia de offshore logistics company. container terminal in silk, the most profitable Saveiros do Rio de Janeiro. in Barcarena and retro-area. businesses of that time. Trombetas in Oriximiná. Conclusion of the Guarujá II shipyard increasing Rio de Janeiro the Company’s naval construction capacity from Lighterage Company 2000 Acquisition of Camuyrano Acquisition of the Salvador Productivity record 4,500 tons to 10,000 tons of steel per year. Limited (John Wilson Sons Serviços Marítimos which Container Terminal through at both container Mackenzie – Through the Brasco Logística Offshore Ltda, doubles the size and public auction. becomes a publicly terminals. Tecon Rio Trustee) and Wilson listed company, with Wilson Sons concludes the acquisition of the importance of the fleet. Grande achieved 1911 Sons & Company 2007 2013 1966 total share capital of Bric Brazilian Intermodal 2017 Saveiros and Camuyrano shares traded on 152 MPH, while Limited sign a Complex S/A (“ Briclog ”), base for the support of BM&FBovespa in the begin to operate as Salvador reached 90 merger agreement. the offshore oil and gas industry. form of BDRs. associated companies. MPH. Participation in the most ambitious construction Port terminal operations begin with Acquisition of Rio de Janeiro projects of the period such 1997 the successful bid which privatized 1936 Lighterage Company, Wilson Sons container as the Brazilian Great the container terminal of Rio reinforcing Wilson Sons’ terminals achieved a record 1869 Western Railroad Grande – Tecon Rio Grande. towage operations. 1,035 million TEU in 2015 (currently part of the 2015 increasing 6.2% over 2014 Federal Railroad Network). with exports, cabotage and transshipment all increasing. 2010 Acquisition of the remaining 25% of Brasco, bringing Wilson Sons control to 100% of the asset. 4

Wilson Sons at a glance International & Domestic Trade Flow 83% of client exposure Head Office Offshore Support Terminals 17% of client exposure Towage Offshore 1. Based on 2016 revenues, Logistics including JV’s. 2. Exposure to O&G industry Agency considers only Brasco and Shipyards WSUT activities. 3.2% Weighted Avg. EBITDA (US$M) Borrowing Rate in 2016 including the Offshore CAGR of 12.2% Support Vessels JV Others 191.0 21% 121.4 2016 47.9 79% 2010 FMM (Merchant Marine Fund) 2004 1. Including the Offshore Support Vessels JV. 5

Trade Flow Drivers 6

The Brazilian Trading and Port Activities Consistent growth in port activities with superior increase of container handling Total Port Handling Volume (M Tons) Source: ANTAQ Solid Bulk Liquid Bulk Container General Cargo CAGR 02-16 1,008 997 969 49 4.1% 51 929 46 903 885 100 44 +4.6% 100 7.8% 45 834 101 46 97 44 87 768 84 755 733 75 39 226 2.1% 35 217 693 37 232 73 650 68 219 38 65 217 621 212 38 63 571 210 34 55 529 50 196 31 195 198 42 29 176 35 164 167 162 163 5.4% 633 629 590 569 554 543 505 457 460 433 416 393 370 336 302 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 7

Brazilian Container Terminal Market After challenging economic periods, container volume demonstrated rapid growth Total Container Volume and GDP Growth (M TEU; %) Source: Datamar; Brazilian Central Bank; IBGE; Bradesco (GDP forecast) Container Volume GDP Real Growth GDP 2017: +0.3%  7.5% 6.1% 5.8% 5.1% 4.0% 3.9% 3.1% 3.2% 3.0% 1.9% 1.1% 0.5% (0.1%) (3.6%) (3.8%) Crisis Steady Growth (5.1%) CAGR: 6.0% Fast Recovery CAGR: 13.6% 9.4 Global Crisis 9.3 9.2 8.9 (10.9%) 8.6 Fast Containerization 7.9 CAGR: 14.6% 7.4 6.9 6.6 6.1 6.1 5.7 4.5 3.8 3.1 2002 0.0 2003 0.0 2004 0.0 2005 0.0 2006 0.0 2007 0.0 2008 0.0 2009 0.0 2010 0.0 2011 0.0 2012 0.0 2013 0.0 2014 0.0 2015 0.0 2016 0.0 8

Brazilian Container Terminal Market Strong drivers supporting enormous growth potential Still Low Relevance of International Trade Low Population Density Relevant Containerization Potential Merchandise Trade (% of GDP) Container Density (TEU per '000 people) Containerization Potential (M TEU) Source: ILOS; BNDES; Wilson Sons’ analysis (estimated) Source: World Bank (1) Source: World Bank (as of 2014) Brazil G7 (Average) + 0.9 - 1.2 Netherlands 742 42% 45% 45% 45% 44% 44% 43% 43% 45% South Korea 472 37% Australia 321 Spain 316 10.2 - 10.5 9.3 21% 21% 22% 17% 18% 19% 19% 20% 19% 21% High Income Countries 279 Germany 243 Chile 211 Actual Containerization Potential Japan 163 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Throughput Potential Throughput United States 146 United Kingdom 145 International Benchmarking Containerization Potential Breakdown China 133 (Merchandise Trade, as % of GDP) (% of containerization potential) Thailand 122 69% World Average 94 Other LatAm & Caribbean 73 53% Peru 72 10% 40% Food 36% Fertilizers Colombia 65 32% Grains 15% 35% 24% Emerging Countries 58 21% 21% Brazil 52 Significant 20% Mexico 42 growth Sugar 20% potential Argentina 41 BRA MEX CHL RUS CHN IND ARG USA Steel Russia 27 Products Notes: (1) Data from World Bank as of 2015, except Argentina (2014). 9

Major Brazilian Container Ports Total Container Throughput, by Port (‘000 TEU) Source: Datamar Belém + VDC 2016 2014 Change Pecém + FOR 3,571 Santos (3.1%) 3,686 1,092 Natal Navegantes + ITJ 0.5% 1,086 Manaus Suape + REC 741 Paranaguá (2.5%) 760 720 Rio Grande Santos + 6.0% 679 Salvador SSO 555 Itapoá + SFS (0.6%) 558 Vitória Size of port by Paranaguá 496 TEU volume: Rio de J. + IGI (27.5%) 685 Rio + IGI Brazil 437 (5.1%) Manaus (30.7%) 630 Itapoá + SFS 409 Suape (4.4%) 428 Itajaí + NVT 310 Salvador 8.9% Imbituba 285 249 Rio Grande Pecém + FOR (12.5%) 284 188 Vitória (17.0%) 226 as of 2016 (1) North Northeast Southeast South 129 Belém + VDC 90.0% 68 % of Population 9% 28% 42% 14% 42 Natal 50.5% 28 % of GDP 5% 14% 55% 16% 27 Imbituba (34.5%) 42 % of Volume (TEU) 6% 11% 48% 35% Source: IBGE; Datamar │ Notes: (1) Does not consider the Center -West region. 10

Oil & Gas Drivers 11