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Corporate Presentation NewLead Holdings Ltd.
June 1, 2015
LD Micro Conference
Monday, June 1, 2015 1
Forward Looking Statement
Forward Looking Statement
This presentation includes assumptions, expectations, projections, intentions and beliefs about
future events. These statements, as well as words such as "anticipated," "estimated," "projected,"
"plan," and "expect," are intended to be ''forward-looking statements” (as such term is defined
in Section 21E of the Securities Exchange Act of 1934, as amended).
We caution that assumptions, expectations, projections, intentions and beliefs about future
events may vary from actual results and the differences can be material. Such “forward looking”statements in this presentation are based on assumptions and expectations deemed reasonable
by NewLead, as well as information available to NewLead, at the time this presentation was
made. Although NewLead believes its assumptions are reasonable for its projections, it can give
no assurance that such projections will be attained.
The Company undertakes no obligation to update any forward-looking statements even if it
obtains new information or becomes aware of future events, unless it is required to do so under
the securities laws. The Company makes no prediction or statement about the performance of its
common stock.
Monday, June 1, 2015 2
Engine Control Room: the heart of a ship The heart of shipping beats at a vessel’s engine room
20 ships you didn’t realize you used today…everyday dry bulk commodities are brought to you by bulk carriers(Intercargo, the International Association of Dry Cargo Shipowners)
Dry Bulk Shipping: Will It Ever Recover?(Morgan Stanley, Maritime Industries April 2015)
On 18 February, the BDI - Baltic Dry Index - hit an all-time low of 509(BIMCO, the world’s largest international shipping association)
Anaemic demand growth is here to stay,
especially as the trade development in coal
and iron ore into China is expected to
decline further(Drewry, May 2015)
The Tanker Market Is Sending a Big Warning to Oil Bulls(Bloomberg.com, May 27, 2014)
China asphalt demand growing 5% per annum
Russia's bitumen demand growing at 10% per annum, to reach 9 - 10 million tons by 2015(Petrosil.com)
The global market for bitumen is expected to reach USD 95.77 billion by 2020(Grand View Research, Inc)
Shipping Always and Today
Monday, June 1, 2015 3
Overview
International, vertically integrated shipping and coal processing company
Ideal solutions for worldwide transportation of dry bulk commodities and petroleum products
Diversified fleet of dry bulk and tanker vessels
Owned and third party managed vessels
Securities and Exchange Commission (“SEC”) reporting
In compliance and current with all applicable SEC rules and regulations and reporting requirements
Monday, June 1, 2015 4
Profile
2014 - A Transformational Year for the CompanyDelivery of three Eco-type Handysize dry bulk carriers and five Asphalt/Bitumen Oil tankers
Fleet of ten vessels and one third party managed vessel
Average fleet age of 9.2 years for the dry bulk and 6.2 years for the asphalt/bitumen oil tankers
Entry in a niche oil market with upside from growing demand in oil and bitumen
Prudent Commercial Management Experienced in-house chartering department capable to capitalize on responses to market conditions
Balanced employment strategy among long term period charters, spot employment and COAs
Capitalization of strong commercial relationships with charterers, trading companies and oil majors
Knowledgeable S&P in-house department with access to numerous shipyards and respectable S&P brokers
Fleet utilization as of December 31, 2014 of 92.4%
Competent Operating PlatformIn-house commercial, operational and technical ship management
Dedicated operations sustaining efficient fleet performance
Skilled technical department maintaining vigorous safety and quality control standards
Competitive OpEx per vessel per day due to integrated ship management services
Enhanced Transparency Independent Board of Directors with solid shipping expertise
Corporate Governance structure to ensure commitment to conduct all affairs with trust and integrity
Code of Business Conduct and Ethics implemented by the Board of Directors
Corporate Governance practices routinely reviewed and modified to meet current best practices
Monday, June 1, 2015 5
Facts and Figures
Blend of vessels is NewLead’s competitive advantage
Revenue mix allows mitigation of charter rate fluctuations; stable cash flow during shipping cycles
5
5
1
NUMBER OF VESSELS
Dry bulk vessels
Aspahlt/Bitumen Oil tanker vessels
Third party managed Oil tanker vessel
AVERAGE FLEET AGE (as of end of May 2015)
DRY BULK CARRIERS 9.2 YEARS
ASPHALT/BITUMEN OIL TANKERS 6.2 YEARS
3
5
2
FLEET EMPLOYMENT PROFILE
Time Charter
Spot Charter
Contract of Affreightment
KEY FIGURES
TOTAL FLEET UTILISATION Q1 2015 90.75%
DRY FLEET UTILIZATION Q1 2015 97.81%
WET FLEET UTILIZATION Q1 2015 98.69%
CONTRACTED AVAILABLE DAYS
2015 42%
Accretive fleet growth strategy to expand fleet
Continuous market monitoring and evaluation
Responsive chartering strategy to market assessment
Maintenance of vessel condition to superior standards
Reduced OpEx while preserving high quality standards
Fleet: Growth - Optimization - Diversification - Balance
Monday, June 1, 2015 6
Commercial, Technical and Operational Management
In-house ship management companies
Newlead Bulkers S.A.: Dry bulk Carriers
In-house ship management companies; commercial and quality competence
Investment in the welfare of onshore and offshore personnel; NewLead’s most valuable asset
Personnel with years of experience in shipping; 55 employees ashore in our offices and 245 crew members
Operational flexibility; quality in every single management procedure
Strong relationships with industrial partners; relationship of mutual respect and trust
SAFETY IS NEWLEAD’S TOPMOST PRIORITY
CREW SAFETY
ENVIRONMENTAL PROTECTION
Newlead Shipping S.A.: Oil Tankers
INTEGRATION ONE-STOP WORLDWIDE SEABORNE TRANSPORTATION SERVICES
QUALITY COMPETENCE OPEATIONAL FLEXIBILITY
EXPERIENCED PERSONEL
STRONG INDUSTRY RELATIONSHIP
ASPHALT/BITUMEN OIL
TANKER ABILITY IS TO KEEP
TEMPERTURE OF CARGO AT
200 O C (392 O F)
OPEARTIONAL FLEXIBILITY
Monday, June 1, 2015 7
Constant Commercial Competence
Adaptive, prudent and opportunistic chartering strategy
Continuous evaluation of market conditions and trends
Capitalization on commercial relationships with oil majors and traders; competitive employment of asphalt/bitumen oil tankers
Capturing trading opportunities despite market conditions in the dry bulk sector
Cash flow stability
Sustainable revenues
Opportunity to participate in market turnarounds
Limiting counterparty risk
FLEET UTILIZATION PER VESSEL 2014 FLEET UTLIZATION PER SECTOR 2013-2014
Optimum balance among long term period charters, spot employment and contracts of affreightment
VESSEL 2014
NEWLEAD VICTORIA 98.59%
NEWLEAD CASTELLANO 95.94%
NEWLEAD ALBION 90.22%
NEWLEAD VENETICO 93.82%
NEWLEAD MARKELA 89.47%
VESSEL 2014
NEWLEAD GRANADINO 100.00%
NEPHELI 100.00%
SOFIA 90.30%
KATERINA L1 76.50%
IOLI1 67.67%
1. In 2014 the Katerina L and the Ioli underwent scheduled repairs
Monday, June 1, 2015 8
Strong Commercial Relationships
Competitive employment profile of asphalt/bitumen oil tankers with reputable counterparties
DRY BULK CHARTERES
ASPHALT/BITUMEN OIL CHARTERES
Diversified dry bulk charterers; longlisting commercial relationships with leading dry bulk charterers
Monday, June 1, 2015 9
Continuous Operational Competence
ASPHALT/BITUMEN OIL TANKERS
International Maritime Organization (IMO) regulations and responsibilities
MARPOL 73/78 requirements; recognizing environmental care
Ship operations in accordance with ISO 14001:2004 and ISO 50001:2011
Experienced technical department ensuring quality and safety while containing OpEx
Improved transparency; allowing effective management of third-party vessels
Constant investment in the maintenance and improvement of the vessels’ condition
NewLead mandates at least two inspections per year for each vessel
Test of cargo pumps and critical equipment prior every loading and discharging of asphalt/bitumen oil tankers
DRY BULK CARRIERS APPROVALS
Monday, June 1, 2015 10
Trading Routes Appendix A Dry bulk Carriers and Asphalt/Bitumen Oil Tankers
Dry bulk carrier: Newlead Victoria
Asphalt/Bitumen Oil tanker: Nepheli
Monday, June 1, 2015 11
Commodity Importing Countries Exporting Countries
Aggregates Norway, Scotland
Alumina China, USA, Ukraine Indonesia, Australia, Jamaica
Bauxite China, USA, Ukraine Indonesia, Australia, Jamaica
Cement United States, France, Russia Turkey, China, Thailand
Coal Asia, Western Europe Australia, Indonesia, United States
Copper China, Japan, India Chile, Peru
GrainsAsia Pacific region (excluding Japan), Latin
America, Africa, Middle EastUnited States, Argentina, Canada, Australia
Gypsum India, Japan Thailand, Germany
Dry bulk Principal Trading Routes
Note: The map shows all principal dry bulk trading routes for all different dry bulk carrier sizes
North
America
South
America
Africa
Australia
Europe
Asia
Commodity Importing Countries Exporting Countries
Iron Ore China, European Union, Japan, South Korea Iron Ore, Australia, Brazil
Nickel Ore China Indonesia, Australia
Potash China, India, Brazil Canada
Salt Japan, United States, Taiwan Australia, Mexico, Netherlands
Steel China, United States, South East Asia Japan, Russia, Western Europe
Sugar Japan, Tunisia, United Kingdom China, Thailand, France
Sulphur China, Morocco Canada, Russia
Timber Baltic, North America
Woodchips China Australia, Brazil
Dry bulk carrier: Newlead Castellano
Monday, June 1, 2015 12
Loading Port Discharging Port
South America China
South America Korea
South America Japan
South America Continent (Rotterdam, UK, Amsterdam, Baltic Sea)
US Gulf China
US Gulf Korea, Japan
US Gulf Continent (Rotterdam, UK, Amsterdam, Baltic Sea)
USA, East Coast Continent (Rotterdam, UK, Amsterdam, Baltic Sea)
USA, East Coast Turkey
USA, East Coast India
USA, East Coast China
USA, East Coast Korea
USA, East Coast Japan
South Africa India
South Africa China
South Africa Rotterdam
Indonesia India
Indonesia China
Loading Port Discharging Port
China West Africa
South East Asia West Africa
West Coast Canada China
West Coast Canada Japan
West Coast Canada Korea
East Coast Australia India
East Coast Australia Japan
East Coast Australia Korea
West Coast Australia Persian Gulf/ South East Asia
West Coast Australia China
North China South East Asia
South Korea South East Asia
New Zealand India
New Zealand Japan
New Zealand China
Continent (Rotterdam, UK, Amsterdam, Baltic Sea) East Coast South America
Continent (Rotterdam, UK, Amsterdam, Baltic Sea) US Gulf
Fujairah Messaieed
Note: The tables show all principal dry bulk trading routes for all different dry bulk carrier sizes
Dry bulk Principal Trading Routes
Monday, June 1, 2015 13
Asphalt/Bitumen Oil Tankers Principal Trading Routes
Notes:
1. The map shows all principal asphalt/bitumen oil tankers principal trading routes
2. Ashalt and bitumen is produced and traded globally from all oil major refineries as a crude oil by-product
North
America
South
America
Africa
Australia
Europe
Asia
Asphalt/Bitumen Oil tanker: Ioli Motor-Oil Refinery
North
America
South
America
Africa
Australia
Europe
Asia
ASPHALT/BITUMEN OIL
TANKER ABILITY IS TO KEEP
TEMPERTURE OF CARGO AT
200 O C (392 O F)
Monday, June 1, 2015 14
Asphalt/Bitumen Oil Tankers Principal Trading Routes
Notes:
1. The table shows all principal asphalt/bitumen oil tankers principal trading routes
2. Ashalt and bitumen is produced and traded globally from all oil major refineries as a crude oil by-product
Loading Port Discharging Port
Greece, Piraeus Libya/Lebanon
Greece, Piraeus Alexandria
Greece, Piraeus South Turkey
Greece, Piraeus Black Sea
Greece, Piraeus Yanbu
Greece, Piraeus Cyprus
Greece, Piraeus Persian Gulf (PG)
Albania, Vlore Libya/ Lebanon
Albania, Vlore South Turkey
Albania, Vlore Black Sea
Albania, Vlore Yanbu
Albania, Vlore Persian Gulf (PG)
Central Coast America West Coast America
US Gulf US Gulf (Intra US Gulf)
East Coast America East Coast America
East Coast South America East Coast South America
East Coast America Continent (Rotterdam, UK, Amsterdam, Baltic Sea)
Loading Port Discharging Port
East Coast America Canada
Italy, Augusta, Ravenna, Taranto, Livorno Yanbu/Libya/Lebanon
Italy, Augusta, Ravenna, Taranto, Livorno Morocco/ Saudi Arabia/ Algeria
Italy, Augusta, Ravenna, Taranto, Livorno South Turkey
Italy, Augusta, Ravenna, Taranto, Livorno Black Sea
Italy, Augusta, Ravenna, Taranto, Livorno Persian Gulf (PG)
Spain Canary Islands
Spain Libya
Spain Algeria
Spain Tunisia
Spain Sicily
Spain West Africa
Spain Morocco
Singapore China
China Australia
Korea Japan
Belgium, Antwerp/Netherlands, Flushing France, Dunkirk
Monday, June 1, 2015 15
NewLead Dry bulk Carriers Trading Routes
Notes:
1.The map shows NewLead's dry bulk vessels trading routes for all different dry bulk vessel sizes controlled by NewLead
2. The charts show the cargoes transported by NewLead’s dry bulk vessels in 2013 - 2014
North
America
South
America
Africa
Australia
Europe
Asia
Dry bulk carrier: Newlead AlbionDry bulk terminal: Montreal
Dry bulk terminal: Melbourne
Monday, June 1, 2015 16
Loading Port Discharging Port
China West Africa
South East Asia New Zealand
Indonesia India
China South East Asia
South Korea East Coast USA
South Korea East Coast Canada
South Korea South East Asia
South Korea Turkey
East Canada Morocco
Russia Pacific (Nakhodka) South East Asia
West Coast Australia Japan
Mina Saqr Shuaiba
Taman Egypt
Novorossiysk Mobile
New Orleans El Dekheila
Kavkaz Jebel Ali/ Abu Dhabi
Kavkaz Persian Gulf (PG)
Paranagua Persian Gulf (PG)
NewLead Dry bulk Carriers Trading Routes
Note: The table shows NewLead's dry bulk carriers trading routes for all different dry bulk carrier sizes controlled by NewLead
Dry bulk carrier: Newlead Markela
Monday, June 1, 2015 17
NewLead Seaborne Trade by Type of Cargo 2013 - 2014
2013
Million Tons
Million Tons
2014
2013 total seaborne trade: 698,345 tons
2014 total seaborne trade: 1,368,629 tons
Note: NewLead had a fleet of five dry bulk carriers
Note: NewLead had a fleet of two dry bulk carriers
Monday, June 1, 2015 18
NewLead Asphalt/Bitumen Oil Tanker Trading Routes
North
America
South
America
Africa
Australia
Europe
Asia
Notes:
1. The map shows NewLead’s asphalt/bitumen oil tankers trading routes
2. Ashalt and bitumen is produced and traded globally from all oil major refineries as a crude oil by-product
Motor-Oil Refinery Asphalt/Bitumen Oil tanker:
Newlead Granadino
ASPHALT/BITUMEN OIL
TANKER ABILITY IS TO KEEP
TEMPERTURE OF CARGO AT
200 O C (392 O F)
2013 trade: 128,649 tons
2014 trade: 219,016 tons
Monday, June 1, 2015 19
Loading Port Discharging Port
Greece, Piraeus Libya/ Lebanon
Greece, Piraeus Alexandria
Greece, Piraeus South Turkey
Greece, Piraeus Black Sea
Greece, Piraeus Yanbu
Greece, Piraeus Cyprus
Greece, Piraeus Persian Gulf (PG)
Albania, Vlore Libya/ Lebanon
Albania, Vlore South Turkey
Albania, Vlore Black Sea
Albania, Vlore Yanbu
Italy, Augusta, Taranto, Livorno Yanbu, Libya, Lebanon, Morocco Saudi Arabia, Algeria
Spain, Tarragona Tunisia
Bahrain Jubail
Antwerp, Belgium/ Netherlands,
FlushingFrance, Dunkirk
NewLead Asphalt/Bitumen Oil Tanker Trading Routes
Notes:
1. The table shows NewLead’s asphalt/bitumen oil tankers trading routes
2. Ashalt and bitumen is produced and traded globally from all oil major refineries as a crude oil by-product
Asphalt/Bitumen Oil tanker: Katerina L
Motor-Oil Refinery
Monday, June 1, 2015 20
Market Update Appendix B
Dry bulk carrier: Newlead Victoria Asphalt/Bitumen Oil tanker: Newlead Granadino
Monday, June 1, 2015 21
Dry Bulk Supply Update
Source: Clarksons Research Services
Million DWT
Million DWT
76.1
106.3
246.6
320.2300.1 305.5
232.7
140.2
172.5 173.9
147.7
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
DRY BULK VESEELS ORDERBOOK
7.1% 6.7% 6.6% 6.7%
10.1%
17.0%
14.9%
10.6%
5.7%
4.4%
0.5%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
80.00%
90.00%
FLEET GROWTH ORDERBOOK/FLEET
0.96 1.760.54
5.56
10.56
6.54
23.24
33.42
23.32
16.18
14.61
DRY BULK VESSELS DEMOLITION
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015 72 73 73 75 77 77 83 87 88 88 89 89
103 112 121 132 144 171210
250 280 294 308 30686 94 102 108 114
120
135
152170
185 193 195
61 6772
7784
93
111
131
147158
166 171
0
100
200
300
400
500
600
700
800
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
HANDYSIZE FLEET
CAPESIZE FLEET
PANAMAX FLEET
HANDYMAX FLEET
Million DWT
Monday, June 1, 2015 22
Dry Bulk Supply Update
Dry bulk Carriers Fleet Growth: Decreasing at less than 10 year average Fleet growth decreased lower than 5% for 2014
For the first four months of 2015 it has been only 0.55%
2015 fleet growth expected to be lower than 3%
2016 is expected to be less than 4%
Dry bulk Carriers Newbuilding OrderbookDry bulk orderbook decreased; less than 10 year average (2012 - 2015)
Conversions, cancellations and slippage to affect delivery schedule for 2015 and 2016
New orders have crashed to 20 year low
Average new orders from January to April 2015 estimated at 0.4 million dwt per month
For the first four months of 2015 at 98% less than the 23.0 million dwt peak in 2007
Dry bulk Carriers DemolitionSurge in dry bulk demolition since the start of 2015; almost 90% of 2014
Record high demolition at 30.8 million dwt since the beginning of 2015
Expected to grow due to oversupplied fleet, moderate global dry bulk trade growth and low vessel earnings
ASSET VALUES AT MULTI-YEAR LOWS
NEWBUILDING ORDERS AT 20 YEAR LOW
FLEET GROWTH FOR 2015 & LESS THAN 10 YEAR AVERAGE
RECORD HIGH DEMOLITION
Monday, June 1, 2015 23
Dry Bulk Demand Update
Dry bulk outlook stands at 2.35% for 2015; 2014 growth was 4.97%
Dry bulk market, traditionally supply-driven, numerous years of oversupply
Recent demand downturn expected to influence the dry bulk market distress further
Dry Bulk Trade 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2015 (%)
(in million tons)
Iron Ore 662 713 777 841 898 991 1053 1110 1189 1336 1409 5.46%
Coal 673 711 768 793 807 930 1000 1123 1179 1210 1201 -0.74%
Grain & Soybean 274 292 306 319 321 343 345 374 387 430 429 -0.23%
Bauxite & Alumina 70 78 93 97 74 96 113 107 139 105 108 2.86%
Steel Products 238 263 289 287 212 248 270 279 288 307 307 0.00%
Minor Dry Bulk 877 930 985 975 905 996 1060 1106 1148 1157 1198 3.54%
Total Dry Bulk 2794 2987 3218 3312 3217 3604 3841 4099 4330 4545 4652 2.35%
Growth - 6.91% 7.73% 2.92% -2.87% 12.03% 6.58% 6.72% 5.64% 4.97% 2.35% -
Iron ore & coal
(Ton change)- 89 121 89 71 216 132 180 135 178 64 -
Ton Growth - 6.67% 8.50% 5.76% 4.35% 12.67% 6.87% 8.77% 6.05% 7.52% 2.51% -
Grain & Other Minor
(Ton change)- 104 110 5 -166 171 105 78 96 37 43 -
Ton Growth - 7.13% 7.04% 0.30% -9.89% 11.31% 6.24% 4.36% 5.14% 1.89% 2.15% -
Source: Clarksons Research Services
China’s swift in renewable-clean energy; detrimental effect on coal and dry bulk trading internationally
Decline in trade of coal and iron ore heavily effected international dry bulk trading
Dry bulk demand decline expected to continue
Monday, June 1, 2015 24
Asphalt/Bitumen Oil Tanker Supply Update
293 asphalt/bitumen oil tankers in the water
Total deadweight capacity of asphalt/bitumen oil tankers 1,460,526 dwt
Modern fleet base 109 vessels are less than 10 years old with 199 of them being less than 20 years old
381,300 dwt less than five years old and 763,100 dwt less than 10 years old
381.3
381.8214.3
120.3
102.7
35.3
153
30.133.6 4.9 2.7
THOUSAND DWT
2015-2011
2010-2006
2005-2001
2000-1996
1995-1991
1990-1986
1985-1981
1980-1976
1975-1971
1970-1966
1965-1961
39
70
72
18
31
14
27
811
1 2
NUMBER OF VESSELS
2015-2011
2010-2006
2005-2001
2000-1996
1995-1991
1990-1986
1985-1981
1980-1976
1975-1971
1970-1966
1965-1961
Year built Year built
Source: Wake Marine Ltd.
Monday, June 1, 2015 25
Bitumen Supply and DemandGains on crude/fuel oil markets cause upward trend to bitumen demand
Bitumen demand influenced by infrastructure, road projects and road repairs
Political stability and infrastructure development influence bitumen demand
Asphalt/bitumen applications ensure constant demand for its transportation worldwide
Asphalt/Bitumen Demand Update and Application
Source: Argus Media, Bitumen Report
Asphalt/Bitumen Applications
Road Construction: used for road construction; withstanding heavy traffic burden and extreme environmental conditions
Agriculture: used in paved barn floors, barnyards, feed platforms, tree paints (as a protective material)
Buildings & Industrial Paving: waterproofing properties; durability and resistance to heavy loads;
Hydraulics & Erosion Control: applied in hydraulics and erosion control in fields
Industrial Use: used for insulation and lamination, coatings, electrical insulating compounds, papers, tapes, wire
Paving: used in airport runways, asphalt blocks, highways, roads, streets, shoulders
Railways: used in ballast treatment, station platforms, dust laying
Recreation: can be used in sport arenas, school yards, race tracks
Monday, June 1, 2015 26
Company Information Appendix C
Monday, June 1, 2015 27
NewLead Fleet
Vessel Name Vessel Type Year Built Size (dwt) Charter Expiration Date
Dry Bulk Carriers
2015 Contracted Available Days1: 44.6%
Newlead Castellano Eco-type Handysize 2013 35,542 Spot
Newlead Albion Eco-type Handysize 2012 32,318 Spot
Newlead Venetico Eco-type Handysize 2012 32,394 Spot
Newlead Victoria Panamax 2002 75,966 Q2 - Q3 2018
Newlead Markela Panamax 1990 71,733 Q2 2016
Tanker Vessels
2015 Contracted Available Days1: 39.35%
Newlead Granadino Asphalt/Bitumen Oil Tanker 2009 5,887 Spot
Nepheli Asphalt/Bitumen Oil Tanker 2009 3,416 Q3 2015
Ioli Asphalt/Bitumen Oil Tanker 2009 3,370 Q1 2016
Katerina L Asphalt/Bitumen Oil Tanker 2009 3,357 Q4 2015
Sofia Asphalt/Bitumen Oil Tanker 2008 2,888 Spot
Gema2 Oil Tanker 2001 19,831 Spot
Notes:
1. As of end of May 2015
2. Third party managed vessel
Dry bulk carrier:
Newlead Victoria
Asphalt/Bitumen
Oil tanker: Sofia
Monday, June 1, 2015 28
Board of Directors: 100 years of cumulative experience
Spyros Gianniotis
Deputy Chairman and Non-Executive Officer
Class III Director, Since October 2009
25 years of experience in the banking sector
Chief Financial Officer of NYSE listed Aegean Marine Petroleum Network Inc. since 2008
Assistant General Manager and Head of Shipping at Piraeus Bank S.A. from2001 to 2008
Banking Executive at Citigroup holding various positions in Athens, Piraeus and New York
Queens College, CUNY, BA
Maritime College, SUNY, MSc
Wagner College, MBA
Panagiotis Skiadas
Non-Executive Officer
Class III Director, Since June 2005
Environmental Manager and Climate Change Manager at VIOCHALCO S.A. since 2006
Environmental Manager at ELVAL S.A., a subsidiary of VIOHALCO S.A.
Section Manager of Environmental Operations at the Organizational Committee of the Olympic
Games in Athens 2004
University of Florida, BSc in Engineering
Massachusetts Institute of Technology (MIT), MSc Environmental Engineering
Steve-Oh
Non-Executive Officer
Class III Director, Since December 2011
Vice Chairman of the Korean Association
Active shipbroker in projects related to newbuildings, S&Ps, ship repair, chartering and marine
equipment, covering both technical and commercial scopes of business
Managing Director of Great Shipping Co. Inc., Piraeus
Managing Director of MJLF Athens, a subsidiary of MJLF & Associates, USA since 2008
Representative General Manager of Hyundai Mipo Dockyard Athens Branch since 1996
Representative General Manager of Hyundai Mipo Dockyard Singapore Branch since 1993
Ship Repair Engineer of Machinery Division and Project Manager at Hyundai Mipo Dockyard
Hanyang University of Seoul, BSc in Mechanical and Thermal Engineering
Monday, June 1, 2015 29
Top Management: working together for more than 10 years
Michail Zolotas
Chairman and Chief Executive Officer
A third generation ship-owner with 20 years of technical, operational and commercial experience,
managed more than 120 vessel of all types and built more than 50 newbuilding vessels in all major
shipyards
Founder and CEO of Grandunion Inc., a company managing more than 27 vessels
President of Newfront Shipping SA, a company managing more than 24 vessels
Founder of Stamford Navigation Inc., a company managing 40 vessels
MSc in Mechanical Engineering from Stevens Institute of Technology, USA
Michail Livanos
General Manager of Newlead Shipping S.A. and Newlead Bulkers S.A.
15 years of experience in the shipping industry
General Manager of Newlead Shipping S.A. and Newlead Bulkers S.A., subsidiaries of NewLead
Holdings Ltd. since 2014
Head of Treasury and Vice President of Newlead Shipping S.A. from 2010 to 2014
Chief Financial Officer of Grandunion Inc. from 2006 to 2009
Associate Director, Global Shipping Finance at Scotiabank from 2003 to 2006
University of Athens, BSc in Physics
City University Business School, MSc in Shipping Trading & Finance
Cardiff Business School, MBA
Monday, June 1, 2015 30
Nikolaos Papadeas
Operations Manager
19 years of sea working experience
Operations Manager of Newlead Shipping S.A .and Newlead Bulkers S.A., subsidiaries of NewLead Holdings
Ltd. since 2009
Operations Manager of Newfront Singapore , former Seachem Singapore from 2005 to 2008
Operations Manager at Seachem Tankers Singapore, a subsidiary of Ceres Shipping Ltd. from 1995 to 2005
Insurance, Claims and Post-fixture coordinator at Nationwide Shipping Inc. from 2000 to 2002
Antonios Sousouris
Technical Manager
23 years of sea working experience
Technical Manager of Newlead Shipping S.A. and Newlead Bulkers S.A., subsidiaries of NewLead Holdings Ltd.
since 2014
Technical Manager of Newfront Shipping S.A. from 2008 to 2009
Senior Technical Superintendent of Euronav Hellas Ltd. from 2005 to 2008
Ship Manager of Ceres Hellenic Shipping Enterprises, Ltd. From 2000 to 2005
Technical Superintendent of Ceres Hellenic Shipping Enterprises, Ltd. from 1996 to 2000
Diploma of A Class Engineer, Ministry of Mercantile Marine
Warash Maritime Academy, Engine Room Resource Management
Christos Papadopoulos
Designated Person Ashore (DPA)& Company Security Officer (CSO)
DPA and CSO of Newlead Shipping S.A .and Newlead Bulkers S.A., subsidiaries of NewLead Holdings Ltd., since
2014
Marine Coordinator at Newlead Shipping S.A .and Newlead Bulkers S.A., subsidiaries of NewLead Holdings
Ltd., from 2012 to 2014
Operations Coordinator at Newlead Shipping S.A .and Newlead Bulkers S.A., subsidiaries of NewLead
Holdings Ltd., from 2009 to 2012
SQE Coordinator to the DPA/ CSO at Aries Maritime Transport Limited from 2008 to 2009
NewLead Management: experience across the board
Monday, June 1, 2015 31
NewLead Management: experience across the board
Spyros Theodoropoulos
Risk Manager
Risk Manager of Newlead Shipping S.A. and Newlead Bulkers S.A., subsidiaries of NewLead
Holdings Ltd. since 2014
Claims Manager of Newlead Shipping S.A .and Newlead Bulkers S.A., subsidiaries of NewLead
Holdings Ltd. since 2010
Claims and Insurance Manager at Dioryx Maritime Corp./Liquimar Tankers Management from 2002 to 2010
Insurance, Claims and Post-fixture Coordinator at Nationwide Shipping Inc. from 2000 to 2002
University of Piraeus, Greece, BSc in Maritime Economics,
University of Wales, Cardiff Law School, LLM in Legal Aspects of Maritime Affairs
Supporting member of the London Maritime Arbitrators Association (LMAA)
Anna Zolota
Chartering Manager
Senior Commercial Officer and Senior Insurance Officer of Newlead Shipping S.A. and NewLead Bulkers S.A.
from 2009 to 2014
Senior Commercial Officer and Senior Insurance Officer of Stanford Navigation Inc. from 2004 to 2009
Personal Assistant to the Chief Operating Officer of Tsakos Energy Navigation Limited from 1999 to 2004
In - house Bunker Broker of Tsakos Shipping & Trading S.A. from 1999 to 2004
Anglia Ruskin University, Cambridge, BA in Business and French
Université Stendhal - Grenoble III, Diplôme d’Université d’Etudes Européennes Intégrées
The Institute of Chartered Shipbrokers, Claims Handling and Tanker Chartering
Lloyd’s Maritime Academy, London, The commercial and contractual framework for Sale and Purchase
The Baltic Exchange - London, Freight Derivatives & Shipping Risk Management - Advanced Freight
Modeling & Trading
Elisa Gerouki
Corporate Communications Manager
Corporate Communications Manager of NewLead Holdings Ltd. since 2010 responsible for Corporate Affairs
and Investor Relations
Account Manager - Financial, IT and Telco Communications - at V+O Communication, from 2009 to 2010
Special Advisor on Economic Diplomacy to the Deputy Minister of Foreign Affairs in 2009
Account Manager - Financial Communications - at V+O Communication in 2007
Marketing Assistant at Volkswagen Bank GmbH, from 2005 to 2007
Personal Assistant to Legal Representative of Volkswagen Financial Services AG, Greece from 2004 to 2005
Brunel University London, BSc in Management
Honoree of the Final Year Project Award in Management Research Methods on Corporate Governance: The
Demographic Characteristics of the Chairmen, Board Structure and Organizational Performance
London School of Economics and Political Science (LSE), MSc in Media Communication Regulation & Policy
Monday, June 1, 2015 32
NewLead Management: experience across the board
Eleftheria Savvidaki
Legal Counsel
Legal Counsel of NewLead Holdings Ltd. since 2015
Legal and Insurance Manager of Premium Consul LLC from 2012 to 2015, acting as an external
Legal Consultant for NewLead Holdings Ltd. since 2012
Claims and Insurance Manager of Oceanfleet Shipping Ltd. from 2011 to 2012
Company Secretary to Goldenport Holdings Inc. from 2007 to 2011
Claims Handler and Insurance Professional from 2005 to 2011
Legal Assistant in Azure Services Inc. from 2003 to 2005
Claims Assistant in Topmar Shipping Corporation from 2002 to 2003
University of Plymouth, Bachelor degree in Maritime Business with Maritime Law
University of Cardiff, LLM in Legal Aspects of Marine Affairs
Kelly Kokkinaki
Senior Corporate Lawyer
Senior Corporate Lawyer of NewLead Holdings Ltd. since October 2014
Hogan Lovells LLP, Antitrust, Competition & Economic Regulation (ACER) practice group,
Belgium, in 2014
European Commission, Directorate General for Competition, Belgium from 2013 to 2014
Legal Advisor of Mr. Aggelos Manolakis, Member of the Greek Parliament from 2011 to 2012
Legal Associate, Dr. Eleftherios Mavris Law Office, Greece from 2010 to 2012
National and Kapodistrian University of Athens, Degree in Law
Vrije University Brussels (VUB), LLM in International and European Law
Monday, June 1, 2015 33
NewLead Management: experience across the board
Eleni Despotopoulou
Internal Auditor
Internal Auditor of NewLead Holdings Ltd., since 2010
Internal Audit Services at PricewaterhouseCoopers, from 2004 to 2010
Member of the International Institute of Internal Auditors
Member of the Hellenic Institute of Internal Auditors
Panteion University of Economical and Political Sciences, BSc in Public Administration
Panteion University of Economical and Political Sciences, Master in Organizational and Financial
Psycology
Nikolaos Stathis
Financial Controller
Financial Controller of NewLead Holdings Ltd., since 2012
Financial Reporting Manager, Assistant Financial Controller, Assistant Financial Reporting
Manager and Senior Financial Analyst of NewLead Holdings Ltd., from 2009 to 2012
Audit Projects under US GAAP, IPOs and SOX Compliance Procedures in PricewaterhouseCoopers
from 2005 to 2009
British Petroleum (BP) 2005
ACCA, Certified Chartered Accountant (IAS/IFRS)
Certified Accountant in Greece - Level A
Aristotele University of Thessaloniki, BSc in Economics Science
University of Aberdeen, Master in Business Administration (MBA)
Dimitra Moustaka
Financial Reporting Manager
Financial Reporting Manager of NewLead Holdings Ltd. since 2014
External Auditor at PricewaterhouseCoopers Greece from 2007 to 2013
Member of Greek Economic Chamber, Certified Economist A’ Class
Athens University of Economics and Business, BSc in Business Administration
Athens University of Economics and Business, MSc in Accounting and Finance
Education Institute of Certified Public Accountants, Postgraduate Training of Accountants,
Professional Qualification
Diploma in International Financial Reporting
Monday, June 1, 2015 34
22 Vessels 18 Vessels 4 Vessels 3 Vessels 11 Vessels 11 Vessels
January 2015 NewLead
announces delivery of
five bitumen
tankers, the Captain Nikolas I (renamed Newlead Granadino), the Nepheli, the Ioli, the Katerina L and the Sofia
NewLead currently
controls a fleet of 11
vessels, five dry bulk
and six tanker vessels,
including one third
party vessel under
management
January 2014
NewLead is granted
access to develop and
mine a second mine
the Five Mile mine in
Kentucky, USA
May 2014
NewLead takes
delivery of the first
Eco-Type Handysize
vessel, after
restructuring, the
Newlead Albion
July 2014NewLead takes delivery of the second Eco-Type
Handysize vessel, the
Newlead Venetico
September 2014
NewLead takes delivery
of the third Eco-Type
Handysize vessel, the
Newlead Castellano
September 2013
NewLead acquires rights
to mine at the Viking
mine in Kentucky, USA
December 2013
NewLead Holdings Ltd.
completes acquisition
of Viking coal wash
plant in Kentucky, USA
December 2012
NewLead completes
its global restructuring
plan
NewLead reduces
indebtedness by appr.
US $578.3 million
NewLead controls a
fleet of 4 vessels, 2 dry
bulk and 2 product
tanker vessels
August 2011NewLead controls a fleet of 22 vessels, 12 dry bulk vessels including 2
newbuildings and 2
product tanker vessels
July 2011NewLead enters into a global financialrestructuring plan, led by Moelis and Company
2010NewLead Holdings Ltd., completes acquisition of 14 vessels, 12 dry bulk
vessels, including 4newbuildings and 2 product tanker vessels
NewLead completes
dropdown of
Newlead Shipping
S.A.
October 2009
Grandunion Inc.
acquires Aries Maritime
Transport Limited, a
shipping company
listed on NASDAQ
December 2009The new Company is renamed to NewLeadHoldings Ltd. and startstrading on NASDAQ under the symbol NEWL
2009 2010 2011 2012 2013 2014 2015
14 Vessels
NewLead’s Fleet1:
Notes:
1.NewLead’s fleet at the end of each calendar year
2.NewLead’s timeline is maintained on the basis of the Company's announcements
NewLead Timeline
Monday, June 1, 2015 35
2015 will be a year during which NewLead plans to double its fleet to 20 vessels.
Intergraded shipping company; transporting dry bulk cargoes and asphalt/bitumen
Competitive experienced in-house ship management, commercial, operational and technical
Revenue mix; stable cash flow during shipping cycles
Strong relationships with oil majors and industrial partners
Transparency; allowing effective management of third-party vessels
Takeaways
Monday, June 1, 2015 36
USA Office:
Mine Investments LLC.
A subsidiary of NewLead Holdings Ltd.
525 North Tryon Street,
Suite 1600
Charlotte NC 28202, USA
Principal Offices:
NewLead Holdings Ltd.
Akti Miaouli 83 & Flessa
Piraeus, 185 38, Greece
For Media/Investor Enquiries:
Elisa Gerouki
T: +30 213 014 8023
E: egerouki@newleadholdings.com Thank you.
NewLead Holding Ltd.
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