Investor Presentaiton
Not Just Another Shipping Company - Why Algoma is Different
Business Model
# of Market Participants
Assets
Employment
|
I
GOMA
CORP
CENTRAL
RATION
Provider of service and assets necessary
for customers' supply chains
Limited
Typical International
Shipping Company
* Asset provider (just steel)
× Commoditized
* Highly fragmented
RAL-NOV
ENTR
Specialized to suit trading regions and
commodities transported
Long-term focus with strong earnings
visibility
COA business with network efficiencies
providing customer retention advantage
Standardized
× Typically spot or short-term oriented with
earnings volatility
Barriers to Entry
High; relationships, scale, regulations and
specialized vessels
Limited; mainly capital
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