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d foreign petition 更多的航油消耗 a. 進(jìn)口和出口貨物 b. 商務(wù)旅行 c. 由乘坐火車改為飛機(jī) 提高進(jìn)口配額將增加更多對海外航油的需求 Sole Jet Fuel Importer Our Unique Business 15 中國航空油料 (新加坡)有限公司 Sole Jet Fuel Importer Our Unique Business ? The announcement of merger of CAOSC and CASC imply the emphasis placed by government on the economic scale ? The small volume of current jet fuel consumption is not justified for many players, economic scale is key ? Jet fuel is a national strategic resource, we believe that government will pay attention to the supply of jet fuel Parent’s Controlling Position Will Be Likely Maintained ? Current jet fuel supply infrastructure is plete and systematic, breaking such a system will not create petition, but operational inefficiency 16 中國航空油料 (新加坡)有限公司 Proposed Acquisition of Pudong Aviation Fuel Corporation Our Unique Business Exclusive right in supplying jet fuel in Pudong International Airport Own the sole jet fuel supplying infrastructure Low maintenance cost and repair expenses Pudong vs Chicago ? Attractive Business ? Great Potential 17 中國航空油料 (新加坡)有限公司 Proven Track Record Section 3 18 中國航空油料 (新加坡)有限公司 Financial Performance Proven Track Record 40 0 5 10 15 20 25 30 35 40 45 50 1998 1999 2023 2023 Forecast S$’ Mil Increasing Profit After Tax 19 中國航空油料 (新加坡)有限公司 經(jīng)營財務(wù)業(yè)績 Proven Track Record 1998 1999 2023 2023 預(yù)測 1,085 0 200 400 600 800 1000 1200 1400 強(qiáng)勁的收入增長速度 (Physical Cargo) 新加坡元:百萬 20 中國航空油料 (新加坡)有限公司 Financial Performance Pr