Investor Presentaiton

Core Component Of Regional Infrastructure - No Efficient Alternatives Exist Transportation Criteria(1) RAL-NOL ENTR OUTY CO Decision Points Physical Constraints Economic Considerations Other Factors Infra Availability Load Capacity Price Haul Distance Transport Speed Safety Fuel Emissions | Shipping Mid High Low High Low High Low Rail Low Mid Mid High Mid Mid Low Truck Low Low High Low High Mid High Pipeline Low High Low High Mid Low N/A Undesirable Desirable 11.9 14.2 CO2 grams per metric ton/km 75.5 1 Distance (km) 1 metric ton of cargo 35 travels on 1 liter of fuel Ship Rail Truck Cargo Volume 301 (0° 243 213 OR 946 Benefits of Maritime Shipping Increases safety, reliability and economies of scale Reduces fuel use minimizes environmental impact Reduces traffic congestion > Reduces highway infrastructure costs Improves workplace safety Reduces noise and pollution Shipping is the preferred mode for transporting key commodities across the Great Lakes and St. Lawrence Seaway, primarily because it is a safe, environmentally-friendly and economical mode of transport (1) All criteria classifications are relative. 222 22 Your Marine Carrier of Choice T

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