SLIDE 1
Executive Summary ry MID IDGARD Oil il Hub LLC FZC Trading Pla latform (UAE)
Sep September 20 2019 19, Rev. 1.3 1.3
2 June 2019 MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC
Trading Pla latform (UAE) Sep September 20 2019 19, Rev. 1.3 - - PowerPoint PPT Presentation
Trading Pla latform (UAE) Sep September 20 2019 19, Rev. 1.3 - - PowerPoint PPT Presentation
Executive Summary ry MID IDGARD Oil il Hub LLC FZC Trading Pla latform (UAE) Sep September 20 2019 19, Rev. 1.3 1.3 Executive Summary Trading Platform Table of Content 1 | Starting Position & Objective 2 | Brief Synopsis on
SLIDE 2
SLIDE 3
3 June 2019 MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC
Starting Position & Objective
In Search of Funding for Trading Platform Project
Starting Point
- MIDGARD Holdings Ltd., a company incorporated under
the laws of Mauritius (Reg.No.: 115750, FSC License No.: C213020001) holds a 90% participating interest in MIDGARD Oil Hub LLC FZC, a company incorporated under the laws of Fujairah – UAE (Reg. No. 19-FZC-1912), through Mr. Thierry Catherine.
- MIDGARD Oil Hub LLC FZC (MOH) owns a petroleum
products (Oil & Gas) trading license (license No. 4133), which entitles the company to act as an international trader.
- Our suppliers will be coming mainly from the Gulf Region
and Russia, whilst their supplies will be exited to our clients in Asia and Africa.
- MIDGARD Holdings Ltd. as well as MIDGARD Oil Hub LLC
FZC are free of any loans and up to now have been fully funded by its shareholders.
Objective
- As UAE is geopolitically the perfect location to build
and operate a trading platform.
- Upon request MIDGARD Oil Hub LLC FZC has been
found as a new established company; despite the close links to the tank staorage and waste oil refinery project, it was found as a separate entity with own license.
- MIDGARD Oil Hub LLC FZC intends to become a
principal & global player in the very near future.
- The principals have the according experience and
network in the indusry to set-up and run such a project professionally.
- A brief synopsis on the key parameters of project is
shown on the following pages (Executive Summary).
SLIDE 4
4 June 2019 MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC
Fujairah is the perfect Location
Fujairah is the basis for MOH LLC FZC
Why Fujairah?
Fujairah is the best location for MIDGARD Oil Hub LLC FZC as it serves the elements for successful trading operations:
- geopolitical location with short
distances to the oil producers
- Fujairah is the world´s #2
bunkering hub
- Fujairah is a tax free zone
SLIDE 5
5 June 2019 MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC
In April 2019, MIDGARD Oil Hub LLC FZC has been formed as a private company based on shares incorporated in the Fujairah Free Zone (Registration No. 19-FZC-1912; License No. 4133), with its principal office registered in Fujairah (UAE). The main activity of MIDGARD Oil Hub LLC FZC is the trading of crude oil and petroleum products. While MIDGARD Oil Hub LLC FZC may (at the present time) be a junior company in the context of its physical presence, under the guidance of its first class trading personnel (who have a vast knowledge of the industry and who are extremely respected by their peers), MIDGARD Oil Hub LLC FZC is challenging its operations to become a reputable trading company and considerable player in the market within the next years. Through its extensive network of contacts that spans the globe, MIDGARD Oil Hub LLC FZC has been able to align itself with the right corporate entities (who not only share in its vision) but to the overall objective of developing a First Class Trading Company. In addition, MIDGARD Oil Hub LLC FZC has a vast network of connections in the industry on which it can immediately draw resources either to recruit the right expert to be posted on a long-term assignment or to be assigned duties on a consultancy basis. Through its connections and vast knowledge of the oil & gas industry, MIDGARD Oil Hub LLC FZC can access to the most adequate and proper services in due time necessary to ongoing operations. MIDGARD Oil Hub LLC FZC will succeed, because it has a strong knowledge base that is characterized by professionals who bring with them a wealth of experience from their chosen and specialized fields. Couple the latter with a balanced and open minded approach to innovative ideas and new technologies and an indefatigable drive for success, and one has the makings of an Trading Company that will (in no time) place its own stamp in the industry.
Brief Synopsis on History and Vision
Start-up Trading Company shall become a reputable Player
SLIDE 6
6 June 2019 MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC
Commercial License and Certificate of Incorporation
MIDGARD Oil Hub LLC FZC
- Mr. Thierry M.F.G. Catherine holds presently 90% of the shares for and on behalf of MIDGARD
Holdings Ltd. (Mauritius), 10% are held by a local sponsor (Mr. Obaid R.H.K. Alyammahi)
SLIDE 7
7 June 2019 MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC
MIDGARD Oil Hub LLC FZC
Share Certificate
SLIDE 8
8 June 2019 MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC
Bank Account with Abu Dhabi Islamic Bank
MIDGARD Oil Hub LLC FZC
MIDGARD OIL HUB LLC FZC has opened an account with Abu Dhabi Islamic Bank (ADIB) branch in Fujairah (UAE). Beneficiary Name: MIDGARD OIL HUB LLC FZC AED current account : 18927469 IBAN : AE980500000000018927469 USD current account : 18927470 IBAN : AE710500000000018927470
- Mr. Thierry M.F.G. Catherine, CEO of MIDGARD OIL HUB LLC FZC, is signatory to
the account.
SLIDE 9
9 June 2019 MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC
- UAE is the best location for MIDAGRD Oil Hub LLC FZC as it serves the elements for successful trading operations
(bunkering and waste oil refining supports the trading operations in best way): geopolitical location with short distances to the oil producers Fujairah is the world´s #2 largest bunkering hub (#1 Singapore, #3 Rotterdam) with more than 12 million m³ of bunkering capacities (+ petrochemcial storage) Fujairah is a tax free zone excellent market opportunities (domestic markets in UAE / Middle East + huge demand from African and Asian countries) International Banking Structures
- Aside from crude oil the petroleum products traded are Gasoline, Gasoil, Fuel Oil, Bitumen
- Potential partners/stakeholders for trades are as follows:
Suppliers / Sellers (National Oil Corporations, Refineries, etc.), such as ADNOC, SOMO, Saudi Aramco Exit buyers (Governments, Traders, Refineries, Endusers, etc.), target market Asia - including China and Japan - and Africa (governmental oil corporations) Africa, local supply to companies like GPS Chemoil, Mabanaft, Aegean, ILFS Network partners (other traders like Trafigura, AOT Energy. bankers, etc.)
- the
he BC model is based on assumptions for quantities, margins and growth.
Background Information
UAE is the perfect location for such project
SLIDE 10
10 June 2019 MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC
Results of Business Case Model
Total Project is economically feasible
BC results of Petroleum & Metal Trading Platform Project
NPV
(discout rate 5%,
- incl. amortization + FOIZ fee)
USD 121.6 Mio.
Description / Year Total Yr 1-15 Working Capital (Project Funding by Financier)
150.000.000 USD
CAPEX total
- 7.302.136 USD
OPEX - Operation Costs total
- 40.687.473 USD
OPEX - Salaries total
- 103.078.311 USD
OPEX - Administrational Costs total
- 46.632.442 USD
OPEX - Contingencies total
- 3.258.683 USD
Revenue total
340.261.095 USD
Total Project (non-discounted aggregate without amortization)
289.302.049 USD
Amortization (after moratorium period)
- 150.000.000 USD
Total Project (non-discounted aggregate incl. amortization)
139.302.049 USD
Fee to FOIZ (future development of FOIZ) @ 10% of net profits
4.644.882 USD
Total Project (non-discounted aggregate incl. amortization + FOIZ fee)
134.657.166 USD
Total Project (NPV) - discounted aggregate incl. amortization + FOIZ fee
121.624.586 USD
Description / Year Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 11 Yr 12 Yr 13 Yr 14 Yr 15 Total Yr 1-15 Working Capital (Project Funding by Financier)
150.000.000 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 150.000.000 USD
CAPEX total
- 3.490.000 USD
- 807.420 USD
- 231.132 USD
- 231.132 USD
- 231.132 USD
- 231.132 USD
- 231.132 USD
- 231.132 USD
- 231.132 USD
- 231.132 USD
- 231.132 USD
- 231.132 USD
- 231.132 USD
- 231.132 USD
- 231.132 USD
- 7.302.136 USD
OPEX - Operation Costs total
- 3.695.000 USD
- 4.172.500 USD
- 3.935.950 USD
- 3.699.669 USD
- 3.463.662 USD
- 3.227.936 USD
- 2.992.494 USD
- 2.757.344 USD
- 2.522.491 USD
- 2.287.941 USD
- 2.053.700 USD
- 1.819.774 USD
- 1.586.169 USD
- 1.352.893 USD
- 1.119.950 USD
- 40.687.473 USD
OPEX - Salaries total
- 1.285.200 USD
- 3.672.900 USD
- 5.621.254 USD
- 6.704.984 USD
- 6.872.608 USD
- 7.044.423 USD
- 7.220.534 USD
- 7.401.047 USD
- 7.586.074 USD
- 7.775.725 USD
- 7.970.119 USD
- 8.169.372 USD
- 8.373.606 USD
- 8.582.946 USD
- 8.797.520 USD -103.078.311 USD
OPEX - Administrational Costs total
- 2.341.000 USD
- 1.640.000 USD
- 1.902.800 USD
- 2.089.596 USD
- 2.290.435 USD
- 2.507.660 USD
- 2.744.076 USD
- 3.003.042 USD
- 3.288.580 USD
- 3.605.510 USD
- 3.801.185 USD
- 4.008.888 USD
- 4.229.677 USD
- 4.464.715 USD
- 4.715.279 USD
- 46.632.442 USD
OPEX - Contingencies total
- 102.000 USD
- 102.000 USD
- 208.080 USD
- 212.242 USD
- 216.486 USD
- 220.816 USD
- 225.232 USD
- 229.737 USD
- 234.332 USD
- 239.019 USD
- 243.799 USD
- 248.675 USD
- 253.648 USD
- 258.721 USD
- 263.896 USD
- 3.258.683 USD
Revenue total
5.100.000 USD 10.200.000 USD 12.240.000 USD 14.422.800 USD 16.648.032 USD 18.916.326 USD 21.228.322 USD 23.584.666 USD 25.986.013 USD 28.433.030 USD 29.821.874 USD 31.235.651 USD 32.674.722 USD 34.139.451 USD 35.630.207 USD 340.261.095 USD
Total Project (non-discounted aggregate without amortization)
144.186.800 USD
- 194.820 USD
340.784 USD 1.485.178 USD 3.573.708 USD 5.684.359 USD 7.814.853 USD 9.962.363 USD 12.123.405 USD 14.293.703 USD 15.521.939 USD 16.757.811 USD 18.000.490 USD 19.249.044 USD 20.502.431 USD 289.302.049 USD
Amortization (after moratorium period)
- 10.000.000 USD -10.000.000 USD -10.000.000 USD -10.000.000 USD -10.000.000 USD -10.000.000 USD -10.000.000 USD -10.000.000 USD -10.000.000 USD -10.000.000 USD -10.000.000 USD -10.000.000 USD -10.000.000 USD -10.000.000 USD -10.000.000 USD -150.000.000 USD
Total Project (non-discounted aggregate incl. amortization)
134.186.800 USD -10.194.820 USD
- 9.659.216 USD
- 8.514.822 USD
- 6.426.292 USD
- 4.315.641 USD
- 2.185.147 USD
- 37.637 USD
2.123.405 USD 4.293.703 USD 5.521.939 USD 6.757.811 USD 8.000.490 USD 9.249.044 USD 10.502.431 USD 139.302.049 USD
Fee to FOIZ (future development of FOIZ) @ 10% of net profits
0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 212.340 USD 429.370 USD 552.194 USD 675.781 USD 800.049 USD 924.904 USD 1.050.243 USD 4.644.882 USD
Total Project (non-discounted aggregate incl. amortization + FOIZ fee)
134.186.800 USD -10.194.820 USD
- 9.659.216 USD
- 8.514.822 USD
- 6.426.292 USD
- 4.315.641 USD
- 2.185.147 USD
- 37.637 USD
1.911.064 USD 3.864.333 USD 4.969.745 USD 6.082.030 USD 7.200.441 USD 8.324.140 USD 9.452.188 USD 134.657.166 USD
Total Project (NPV) - discounted aggregate incl. amortization + FOIZ fee
134.186.800 USD
- 9.709.352 USD
- 8.761.193 USD
- 7.355.424 USD
- 5.286.926 USD
- 3.381.417 USD
- 1.630.590 USD
- 26.748 USD
1.293.484 USD 2.490.983 USD 3.050.992 USD 3.556.037 USD 4.009.475 USD 4.414.469 USD 4.773.997 USD 121.624.586 USD
SLIDE 11
11 June 2019 MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC
- The trading can start immediately in 2019 as several contracts are already pending ready for execution.
- The trading desk will be structured by commodities, products and regions
- Offices in Fujairah, Dubai, Mauritius and Europe will be the base for the trading
- The operation will be done by MIDAGRD Oil Hub LLC FZC, the according qualified personnel will be recruited locally and
internationally in due time.
Additional Information on Key Personel
Professional Set-up for Project
SLIDE 12
12 June 2019 MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC
Key Personnel
Thierry M.F.G Catherine
Date of Birth: 21.12.1962 in Mauritius Nationality: Mauritian
- Mr. Thierry M.F.G. Catherine has a vast experience with reputable overseas companies in the oil and gas sector
as well as financial services.
- Mr. Catherine has through a JV agreement with Hybrid Innovation GmbH, is the International Marketing Manager especially dealing
with top Russian Companies in the Oil and Gas sector. We hold various letters of reference from recognized international oil and gas players, attesting his capabilities as CEO of Midgard Holdings .
- Mr. Catherine is also involved in the humanitarian actions through RAUN – Royal Academy of the United Nations and as President of
the Chamber Inter Commerce of the Royal Academy of the United Nations - CICRAUN.
- Mr. Catherine is also the Vice President for special projects - http://rcrcommodities.com/?page_id=1019 - of Recycled Refuse
International Ltd of UK – https://www.rcrcommodities.com, a waste to Energy company. Conversion of all types of waste to Electricity and Ethanol production.
SLIDE 13
13 June 2019 MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC
Date of Birth: 07.09.1965 in Munich Nationality: German Univ niversit ity 1982 – 1987 Study of Economy at the Ludwig-Maximilians-University of Munich, Germany, degree Master of Business & Administration (MBO) Prof
- fessio
ion 1998: Founder of macon, a management consultancy company 2000: Founder of PHOENIX OEL AG, an Oil & Gas company, mainly focusing on upstream E&P projects. PHOENIX was staffed by former top executives of major oil companies, such as Mr. Alain Bessiére, Jean-Michel Fonck, Dr. Hans Kind PHOENIX OEL AG has signed a PSA in August 2001 for exploration and production of petroleum in the Democratic People´s Republic of Korea. Due to the political situation PHOENIX did decide not to proceed with the project for the time being. PHOENIX was working on the acquisition of petroleum assets in North Africa by renegotiation of an EPSA. PHOENIX has signed a JV agreement with ESSAR E&P Ltd. (part of ESSAR Group India) in 2007. 2015: Founder of combine Consulting, which forms the merger of two reputable German players within the Corporate Real Estate consultancy (www.combine–consulting.com)
Key Personnel
MBO Oliver A. Dittmar
SLIDE 14
14 June 2019 MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC
Date of Birth: 16.03.1955 in Linz Nationality: Austrian Univ niversit ity 1980 Master degree of Economics at University of Vienna (Magister rer.soz.oec. ) Prof
- fessio
ion 1980 – 1988: Shipping & Operations Manager, OMV Vienna 1988 – 1991: Trader, Crude Oil Supply 1991 – 2002: Trading Manager, Crude Oil Supply & Trading 2002 – 2004: Head of Feedstock Supply 2003 – 2004: Project Lead, “Biofuels” 2005 – 2008: Director Crude & Feedstock Supply; PETROM Bucharest 2008 – 2009: Sales Manager Oil Products (International Oil Companies) 2009: Project Lead, „Romanian Crude Logistics“ 2010: Project Manager, „Crude Strategy OMV“ 2011 – 2014: Head of Crude Management, OMV Vienna 2014 – 2017: Senior Group Expert, Refining & Petrochemical
Key Personnel
- Mag. Erwin Mahr
SLIDE 15
15 June 2019 MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC
- The total funding volume required for the entire project would accumulate up to approx. US$ 150 million considering a
moratorium period of 12 months based on a total project term of 15 years until complete refunding of initial loan.
- Upon official invitation a detailed personal presentation on the project can be held disclosing further commercial details (with
a detailed business plan model including all fees for financing, etc.).
- Subject to successful fund raizing the first trades could start within 2019.
Next Steps
Securing of Project in Q4/2019
SLIDE 16
16 June 2019 MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC
Shareholding Structure
Overview on Group of Companies
D.I. Vermögensverwaltungs- und Beteiligungs GmbH Ma Mana naging g Partner ner: Oliver er A. Dittmar ar Regi gistrat ation
- n No
- No. HRB 215
5 240 GE GERM RMANY MIDGARD Holdings Ltd. CEO: Thierry M. M.F. F.G. Cather herine Regi gistrat ation
- n No
- No. 11575
5750 FSC Li Licens ense e No No.: : C2130 130200 20001 01 MAU MAURI RITI TIUS MIDGARD Oil Hub LLC FZC Thier erry CATH THERI RINE Oba baid d ALY LYAMMAHI Regi gistrat ation
- n No
- No. 19-FZ
FZC-19 1912 12 Li Licens ense No
- No. 4133
33 FUJA UJAIRA RAH (UAE) 100% 0%
THE HE BORR RROWER TRA RADING & & MANAGEMENT
MIDGARD OIL & GAS LLC FZC Thier erry CATH THERI RINE HH Shei eikh Saif f Al Al Sharqi Regi gistrat ation
- n No
- No. 19-FZ
FZC-19 1918 18 Li Licens ense No
- No. 4139
39 FUJA UJAIRA RAH (UAE)
TANK FARM & & REFI FINERY OPE PERA RATIONS
90% 90% 90% 90%
SLIDE 17
17 June 2019 MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC
Proof of International Network in the Petroleum Industry
Reference Letters (1/2)
SLIDE 18
18 June 2019 MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC
Proof of International Network in the Petroleum Industry
Reference Letters (2/2)
SLIDE 19
19 June 2019 MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC
Contact Coordinates
Thank you for your kind consideration!
MIDGARD Oil Hub LLC FZC
Inc./Registration No.: 19-FZC-1912 License No.: 4133 Trading Offices: Office No. 5, Block B, P.O. Box 1133 Fujairah Freeport Zone – Phase II Thierry M.F.G. CATHERINE (CEO) Mobile UAE: +971 528052362 Mobile UAE: +971 554835380 Mobile Mauritius: +230 52567066 Skype: icitrade eMail: contact.uae@midgard-holding.com or icitrade@gmail.com
MIDGARD Holdings Ltd.
Inc./Registration No.: 115750 FSC License No.: C213020001 / FSC Code: FS 4.2 3rd Floor Esplanade Building Ebene City – 72201, Mauritius Thierry M.F.G. CATHERINE (CEO) Mobile UAE: +971 528052362 Mobile UAE: +971 554835380 Mobile Mauritius: +230 52567066 Skype: icitrade eMail: tc@midgard-holding.com or icitrade@gmail.com