MARINE MONEY CONFERENCE DUBAI, MARCH 9 2011

Saleh Al-ShamekhPresident Oil & Gas

The National Shipping Company of Saudi Arabia( NSCSA )

OVERVIEW

Founded in 1979 as a Public Company in Saudi Arabia

Ownership Structure:

72% free float widely held

28%Public Investment Fund (PIF)

Largest independent public listed ship owning/operating company in the GCC

Market Cap SAR 5.5 Billion as of 31th December 2010

Total Assets SAR 9.9 Billion as of 31th December 2010

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BUSINESS SEGMENTS

CHEMICAL MARINE TRANSPORT

Diversified Into 5 Business

UnitsDRY BULK

GENERAL CARGO

SHIPMANAGEMENT

OIL & GAS

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STRATEGIC DIVERSIFICATION

CHEMICAL MARINE

TRANSPORTOIL & GAS

GENERAL CARGO

SHIP MANAGEMENT

17 DH VLCC

Operating in Spot and Time Charter Markets

30.3% of Petredec LPG trader & ship-owner owns and operates 50 ships

4 Con-Ro Ultra-

large MPP ships

Heavy project

cargoes and

containers

operating from

Middle East to

US/Canada East

Coast and Indian-

Subcontinent

To acquire 5 Panamax Bulk Carriers

NSCSA will operate in this segment through its subsidiary Bahri Dry Bulk JV owned 60% NSCSA/40% ARASCO

DRY BULK

MIDEAST is

NSCSA in-house

technical manager

Provides NSCSA

fleet with quality

management at

competitive cost.

13 MR IMO2 tankers

12 under construction

NSCSA operates in this segment through its subsidiary National Chemical Carrier (NCC)

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RANK 6th AMONG VLCC OWNERS

Source: Clarksons – February 2011

COSCO, 11

VELA, 15

NSCSA, 17

ANGELICOUSIS, 20

NIOC, 28NYK, 33

MOSK, 40

FRONTLINE, 39

OSG, 12

BW, 15

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LEADER - MIDDLE EAST CHEMICAL MARINE TRANSPORT

Operational Fleet(in ‘000 DWT)

571

391

321

193 183 182

105 8642

NCC GEM EmiratesTrading

EmiratesShip Inv.

Gulf Nav BakriNAV

NIOC IRISL EmiratesShipping

Co.

Source: Clarkson & Company Websites- November 20106

COMPETITIVE ADVANTAGE

Young and growing fleet

In-house commercial and technical expertise

Financially well positioned to support growth plans

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Strong Cash Position & Generation

Sustainable Profitability

Access to competitive financing

Low leveraged

Consistent Dividends Payout Consistent Dividends Payout

FINANCIALLY STRONG

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SUSTAINABLE PROFITABLITY

0

500

1,000

1,500

2,000

2,500

3,000

2007 2008 2009 2010

Revenue Op. Income Net Income

SA

R M

illio

ns

1,70

3

451

423 2,

595

961

759

1,67

2

372

369 2,

052

448

415

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TANKER OUTLOOK

Negatives

Fleet capacity is rising sharply

Increased fuel prices

Ship yard capacity

World growth slowdown

Pressure on asset prices

Foreclosures/defaults

Positives

China/India crude oil import

Call on OPEC oil production

Super-slow ballast speed

Port/Terminal congestion

Storage/Contango Oil price

“Slippage”/Restructured NB delivery

Fleet consolidation

Opportunistic acquisitions

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The National Shipping Company of Saudi Arabia

Thank You

transparency award2010

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