Company Presentation

March 2017

Navios South American Logistics Inc.

2

This presentation contains forward-looking statements within the meaning of the Private Securities Reform Act of 1995. All statements herein other than statements of historical fact, including statements regarding business and industry prospects or future results of operations or financial position, and future dividends or distributions, should be considered forward-looking. Words such as “may,” “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. These forward looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by, Navios Logistics at the time this presentation was made. Although Navios Logistics believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Logistics. Actual results may differ materially from those expressed or implied by such forward-looking statements. Included among the factors that, in management’s view, could cause actual results to differ materially from the forward-looking statements contained in this report are changes in any of the following: (i) demand and/or charter and contract rates for our vessels and port facilities; (ii) production or demand for the types of dry and liquid products that are transported by our vessels or stored in our ports; (iii) operating costs including, but not limited to, changes in crew salaries, insurance, provisions, repairs, maintenance and overhead expenses; (iv) changes in interest rates; and other factors listed from time to time in the Navios Logistics’ filings with the Securities and Exchange Commission, including its Form 20Fs and Form 6Ks. Navios Logistics expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Logistics’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

EBITDA represents Net Income/(Loss) attributable to Navios Logistics’ stockholders before interest, taxes, depreciation and amortization. Adjusted EBITDA represents EBITDA excluding certain items as described under “Earnings Highlights”. EBITDA is presented because it is used by certain investors to measure a company's operating performance. EBITDA and Adjusted EBITDA are “non-GAAP financial measures” and should not be considered a substitute for net income, cash flow from operating activities and other operations or cash flow statement data prepared in accordance with accounting principles generally accepted in the United States or as a measure of profitability or liquidity. While EBITDA is frequently used as a measure of operating performance, the definition of EBITDA used here may not be comparable to that used by other companies due to differences in methods of calculation.

Forward Looking Statements

3

Navios Logistics Overview

Navios Maritime Holdings Inc. (NYSE: NM)

• Controls 66-vessel dry bulk fleet; 40 owned and 26 long term chartered-in vessels

• Global brand; Flexible business model

• Stable cash flow from charter out contracts and distributions from subsidiaries

• 2016 EBITDA: $165.2 million

• Share price: $1.90; per share value of investment in public subsidiaries = $1.65(1)

Navios Maritime Acquisition

Corporation (NYSE: NNA)

• 36 vessels - 26 product tankers, 8 VLCCs, 2

chemical tankers

• leading company in tanker sector

• 2016 EBITDA: $194.6 million

• 2016 Net Income: $62.9 million

• NM ownership: $137.2 million market value

• Annual dividend: $0.20; 10.6% yield

Navios South American

Logistics Inc. • Logistics operator in Hidrovia

• Core operations: Port Terminal

facilities, barging & cabotage

• 2016 EBITDA: $68.1 million

• 2016 Net Income: $10.2 million

20-year contract with Vale for port

services – expected $35 million

annual minimum EBITDA

Navios Maritime Partners L.P. (NYSE: NMM)

• MLP - 31 vessels

• 9 Capesize, 12 Panamax, 3 Ultra

Handymax & 7 Containers

• 2016 Adj. EBITDA:$123.5 million

• 2016 Adj. Net Income: $14.6 million

• NM ownership: $56.5 million market

value(1)

Navios Maritime Midstream Partners L.P. (NYSE: NAP)

• MLP - 6 VLCCs

• Long-term charters in tanker midstream sector

• Options on 3 VLCC dropdowns provide built-in fleet & distribution growth

• 2016 EBITDA: $66.2 million

• 2016 Net Income: $24.9 million

• Market value of NNA ownership: $137.2 million

• Annual dividend: $1.69; 15.5% yield

30.9%(1) 63.8% 46.1%

59.0%

Navios Group Structure

4 Note: All stock prices and yields as of February 17, 2017

(1) Pro-forma as of February 14, 2017 for the issuance of units to Navios Holdings in connection with the recently announced transaction

5

Navios Maritime Holdings Inc.

NYSE: NM

Navios Logistics Ownership Structure

63.8% Ownership 36.2% Ownership

Port Terminals

Storage and Transshipment

• Bulk Terminal – Nueva

Palmira, Uruguay (tax free

zone) with 460,000 mt storage

capacity

• Fuel Terminal – San Antonio,

Paraguay with 45,660 m3

storage capacity

20-year contract with Vale for port

services – expected $35 million annual

minimum EBITDA

Barge Business

• 340(1) barges and pushboats

transporting dry and liquid

cargoes across the river system

– Push boats

– Dry barges

– Oil barges

– LPG barges

• 1 floating dry dock

Cabotage Business

• Refined product transportation

along the Argentinean coast

• Six ocean going product

tankers, one river tanker(2), and

one bunker vessel

• Strategy to secure cash flows

with long term contracts

• Awarded Brazilian Cabotage

contracts for six new building

vessels

Navios South American Logistics Inc.

(Marshall Islands)

Peers Business Inc.

(1) Including three new building push boats expected to be delivered in Q3 2017

(2) Including one new building river tanker expected to be deliver in Q1 2018

Navios Logistics Highlights

6

Leading Logistics Provider

in the Hidrovia Region of

South America

Largest independent grain terminal in Hidrovia

Largest independent mineral terminal in Hidrovia

One of the largest independent liquid terminals in Paraguay

One of the largest, most versatile river barge fleets serving a diverse set of industries

One of the largest Argentinean product cabotage fleet with an average age of 8 years

Favorable Market

Fundamental

Robust growth in exports of commodities

Hidrovia system and coastal cabotage are critical infrastructure for region

Scale and Strong Asset

Base Provide Operating

Efficiency

Economies of scale provide low costs per ton transported

Integrated terminal, barge and cabotage network offers substantial operating leverage

Strong

Counterparties

Diverse group of large, high-quality counterparties

ADM, Bunge, Cargill, Dreyfus, Vale, Vitol, YPF among others

Focus on Contracted Cash

Flow

Strategic positioning with fixed rate contracts and CoAs with minimum volume

guarantees

Long-term relationships with high contract renewal rates

Seasoned Management

Team with Strong Track

Record and Established

Brand

Strategic relationships

Experienced management team

Long operating history in region

Integrated Transportation and Storage Services

Port Terminals Barge Business Cabotage Business

Asset Base

Bulk transfer and storage port

terminal in Nueva Palmira,

Uruguay

Liquid port in San Antonio,

Paraguay

272 dry barges

38 tank barges

27 pushboats(1)

3 LPG barges

1 floating dry dock

6 Product tankers

(8,974 – 17,508 dwt)

1 Bunker Vessel (1,693 dwt)

1 River tanker (5,000 dwt)(2)

Commodities Transported

or Stored

Dry cargo (cereals, soybeans,

iron ore, etc)

Liquid cargo (primarily diesel

fuel and naphtha)

Dry cargo

Liquid cargo

Liquefied Petroleum Gas (LPG)

Refined oil products

Typical Customer Contracts

Long-term storage and

transshipment contracts

New 20-year storage and

transshipment contract with

Vale for mineral commodities

Time charters and CoAs (1-6

years)

Spot market contracts

Time charters

(1-3 years average duration)

Spot market contracts

Geographic

Region

Strategic locations along the

Hidrovia river system

Hidrovia river system

Argentinean coastal trade

Opportunity to expand into

Brazilian cabotage market

7 (1) Including three new building push boats expected to be delivered in Q3 2017

(2) Including one new building river tanker expected to be deliver in Q1 2018

Barge Business Ports Cabotage

# Barges &

Pushboats

Largest Independent Dry Port

in the Hidrovia

One of the Largest

Independent Liquid Ports in

Paraguay

Key Benefits of

Large Scale

• Lower operating costs

• Greater market presence

• Higher quality charterers

• Strong strategic relationships (shipyards, commercial banks, etc.)

DWT

(‘000) Top 5 Players Top 5 Argentinean Coastal Cabotage

Players by Tonnage(1)

Largest Independent Logistics Provider in Hidrovia

8 (1) Includes vessels 5,000 – 29,000 DWT

(2) Including three new building push boats expected to be delivered in Q3 2017

Sources: Drewry

720

340

271 258 243

0

100

200

300

400

500

600

700

800

Ultrapetrol NSAL Interbarge Fluvialba ADM

(2)

87

81

63

41 38

0

10

20

30

40

50

60

70

80

90

100

NationalShipping

NSAL Antares Ultrapetrol Maruba

Navios Logistics Presence Throughout Supply Chain

9

Argentina

Paraguay

Brazil

Bolivia

Iron ore

Grains

Liquid cargo

Dry Port

Liquid Port

Paraguay Fuel Port Terminal • Loading / Unloading

• 45,660 m3 storage capacity

Uruguay Bulk Port Terminal • Loading / Unloading

• 460,000 mt storage capacity

• Drying & conditioning facility

Uruguay

Cabotage Transportation • 6 ocean going tankers

• 1 bunker vessel

• 1 river tanker(2)

• Distribution of oil products

Barge Transportation • 340(1) barges and push boats

• Dry and liquid cargos

Exports

(1) Including three new building push boats expected to be delivered in Q3 2017

(2) Including one new building river tanker expected to be deliver in Q1 2018

Navios Logistics Recent Developments

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London arbitration tribunal ruled Vale 20-year port services contract in full force

• 4 million tons guaranteed per year by Vale

– $35.0 million estimated annual EBITDA(1)

– $1.0 billion estimated 20-year aggregate EBITDA(1)

• 6 million tons additional available annual capacity (10 million tons total design capacity)

– Vale has an option for additional 2 million tons

– 4 million tons available to third parties

– $50.0 million estimated additional annual EBITDA(1)

• Construction expected to be completed in March 2017

New York arbitration tribunal ruled for Navios Logistics re: barge COA dispute with Vale

• Vale must pay Navios Logistics $21.5 million

• Navios compensated for unpaid invoices, late payments and legal fees

$25.0 million term loan facility signed and drawn in December 2016

• Term: approximately 5 years

• Interest: 6M Libor + 3.25%

• Security: assignment of certain receivables

• Purpose: general corporate purposes

$13.1 million new building tanker vessel with 5 year employment

• Average annual expected EBITDA = $3.5 million(2), cumulative expected EBITDA = $17.2 million(2)

• Option for seller’s credit: 2 years, 50% of purchase price, 6.75% fixed interest rate p.a.

• Expected delivery January 2018

(1) Assuming operating costs similar to operating costs of Navios Logistics’ existing dry port terminal

(2) Assuming 360 revenue days, 365 cost days and operating costs similar to Navios Logistics’ existing fleet

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Market Overview

• Runs over 4,500 kilometers across the agricultural heartland of South America

– Comparable in length to the Mississippi system

Hidrovia Region Mississippi Region South America

Number of barges: ~ 3,000 Number of barges: ~ 29,000

Significant Capacity for Growth

Hidrovia: Agricultural Heartland of South America

12 Source: Drewry

13

Favorable Market Fundamentals of Hidrovia

VENEZUELA

BOLIVIA

ARGENTINA

BRAZIL

FRENCH GUIANA

SURINAMEGUYANA

COLOMBIA

ECUADOR

PERU

PARAGUAY

URUGUAY

CHILE

VENEZUELA

BOLIVIA

ARGENTINA

BRAZIL

FRENCH GUIANA

SURINAMEGUYANA

COLOMBIA

ECUADOR

PERU

PARAGUAY

URUGUAY

CHILE

• Growing exports of grain and mineral commodities

- Region accounts for ~52% of global soybean

production

- Significant expansion in iron ore production

- Significant exporter to emerging market

economies, such as China

• Stable growth in oil demand

- 69% of Argentina’s refining capacity is located

near the Hidrovia and in the River Plate

- Paraguay does not produce any crude oil and

relies on imports from larger refineries in Argentina

• Reliance on waterborne transportation

- Shortage of highway or rail infrastructure

alternatives

- River system provides access to Atlantic Ocean

and global export markets

- River barges and coastal tankers are the most

cost-efficient method of transportation

Coastal

Cabotage

Trade

Navios

Oil

Products

Terminal

Navios

Dry Port

Terminal

Hidrovia

River

System

Source: Drewry, USDA February 2017

Strategically Positioned to Serve the Soybean

Production…

14

Hidrovia accounts for ~52% of

world soybean production

Mill

ion M

etr

ic T

ons

Note: Crop years for Soybean Production according to USDA definition, P = Preliminary, E = Estimate

Source: Drewry, USDA February 2017

Regio

n %

of W

orld

Hidrovia Region Soybean Production Uruguay Soybean Production

40%

45%

50%

55%

60%

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

160.0

180.0

200.0

00

/01

01

/02

02

/03

03

/04

04

/05

05

/06

06

/07

07

/08

08

/09

09

/10

10

/11

11

/12

12

/13

13

/14

14

/15

15

/16

P

16

/17

E

Soybean Production Region % of World

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

01

/02

02

/03

03

/04

04

/05

05

/06

06

/07

07

/08

08

/09

09

/10

10

/11

11

/12

12

/13

13

/14

14

/15

15

/16

P

16

/17

E

Uruguay Soybean Production

Mill

ion M

etr

ic T

ons

Uruguay is the fastest growing soybean

producer in the region

…and the Corumba Region Minerals Production

15 Source: Drewry, Vale

1.1 1.9 2.2 2.3

2.7

4.5 4.7 4.9

3.7

6.2

7.4 8.2

7.4 6.4

5.2

3.0

0

1

2

3

4

5

6

7

8

9

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Million Metric Tons

Corumba Iron Ore and Manganese Ore Production

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016P

Argentina Bolivia Brazil Paraguay Uruguay

16

(million barrels per day)

Argentina’s total oil demand was about 700,000 bpd in 2016

Argentina’s total oil refining capacity is about 627,000 bpd

69% of Argentina’s refining capacity is located near the

Hidrovia and in the River Plate Estuary

Paraguay does not produce any crude oil and relies on

imports from larger refineries in Argentina

2.6 2.6 2.5 2.5 2.6 2.7 2.7 2.9 3.1 3.2

CAGR

2000-2016

Argentina 2.9%

Bolivia 2.2%

Brazil 2.6%

Paraguay 0.7%

Uruguay 0.8%

Total 2.6%

Total

Hidrovia Region: Stable Growth in Oil Demand

3.6

Source: Drewry

3.6 3.4 3.9 4.0 4.0 3.9

New Jumbo Barges: Even More Efficient Design

17

One Jumbo Barge:

2,875 Tons

One Mississippi Barge:

1,500 Tons

~2x

Jumbo Hopper Car:

112 Tons

~26x

Large Semi:

26 Tons

~111x

One 16-Mississippi Barge

Convoy = 24,000 dwt

~2.1x 100-Car unit Train ~920x Large Semis (Trucks)

Source: IOWA Department of Transportation

One 20-Mississippi Barge

Convoy = 30,000 dwt

~2.7x 100-Car unit Train ~1,150x Large Semis (Trucks)

One 12-Jumbo Barge

Convoy = 34,500 dwt

~3.1x 100-Car unit Train ~1,330x Large Semis (Trucks)

=

=

=

=

=

=

Source: Web site of the UNESCO/IHP Regional Office of Latin America and the Caribbean

Water requirement equivalent of main

food products

Global Virtual Water Imbalances Will Continue to be a Driver of Agricultural Trade

This table gives examples of water required per unit of

major food products, including livestock, which consume the

most water per unit. Cereals, oil crops, and pulses, roots

and tubers consume far less water.

Source: SIWI and IWMI, 2004

Product Unit Equivalent water

in m3 per unit

Fresh beef kg 15

Fresh lamb kg 10

Fresh poultry kg 6

Cereals kg 1.5

Citrus fruits kg 1

Palm oil kg 2

Puls, roots and tubers kg 1

North &

Central America

Africa

Asia

South

America

Europe

15% 8%

26%

6%

11% 13%

8% 13%

36%

60%

5% <1%

Australia

& Oceania

% of Global Water Supply % of Global Population

Fresh Water Availability vs. Population:

Grain Exports = Virtual Water Trade

18

19

Q4 & FY 2016 Financial Highlights

Navios Logistics Q4 and FY 2016 Earnings Highlights

20

(in $ ‘000)

Three months

ended

December 31,

2016

Three months

ended

December 31,

2015

Y-O-Y

Variance

Twelve months

ended

December 31,

2016

Twelve months

ended

December 31,

2015

Y-O-Y

Variance

Navios

Logistics

Revenue 42,976 52,419 (18%) 220,336 251,047 (12%)

EBITDA 7,119 15,942 (55%) 68,061 80,449 (15%)

Net income (5,685) 1,358 n/a 10,157 22,238 (54%)

Port

Terminals

Revenue 13,772 13,497 2% 66,386 81,729 (19%)

EBITDA 2,656 4,548 (42%) 23,773 29,907 (21%)

Barge

Business

Revenue 21,557 26,782 (20%) 101,313 105,973 (4%)

EBITDA 4,088 10,530 (61%) 31,971 38,186 (16%)

Cabotage

Business

Revenue 7,647 12,140 (37%) 52,637 63,345 (17%)

EBITDA 375 864 (57%) 12,317 12,356 0%

(1) EBITDA for the year ended December 31, 2014 has been adjusted to exclude $27.3 million loss on bond extinguishment

32.5 39.0 48.1

56.8 68.8

80.4 68.1

2010 2011 2012 2013 2014 2015 2016

188.0 234.7 247.0 237.1

268.8 251.0

220.3

2010 2011 2012 2013 2014 2015 2016

3%

CAGR 13%

CAGR

EBITDA ($ million) Revenue ($ million)

(1)

Navios Logistics Q4 2016 Balance Sheet

21

(1) Notes payable relate to amounts drawn under the unsecured export financing line of credit for a total amount of $42.0 million, including all related costs, in connection with the

purchase of mechanical equipment for the expansion of Navios Logistics dry port terminal

(2) Pro-forma for the New York arbitration final award of $21.5 million

Selected Balance Sheet Data (in $'000)

December 31, 2016 December 31, 2015

Cash & cash equivalents (inc. restricted cash) 68,082 81,507

Accounts Receivable 32,913 26,097

Deposits for vessels, port terminals and other fixed assets, net 136,891 44,254

Vessels port terminal and other fixed assets, net 409,488 427,860

Total Assets 855,181 785,619

Senior notes, net of deferred financing costs 368,180 367,178

Current portion of long term debt 1,819 69

Long term debt, net of current portion 23,503 321

Notes payable, current(1) 4,532 -

Notes payable, noncurrent(1) 29,915 -

Current portion of capital lease obligations 2,639 2,929

Capital lease obligations, net of current portion 14,978 17,720

Stockholders Equity 346,171 336,013

Book Capitalization 791,737 724,230

Net Debt / Book Capitalization(2) 45% 42%

www.navioslogistics.com