Company Presentation

June 2013

Navios South American Logistics Inc.

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Forward Looking Statements

This presentation contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and Navios South American Logistics, Inc.’s (“Navios Logistics”, “NSAL”, or the “Company”) growth strategy and measures to implement such strategy; including expected vessel acquisitions and entering into further time charters. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. Such statements include comments regarding expected revenues and time charters. Although the Company 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 the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to changes in the demand for barge, pushboat and product tanker vessels; competitive factors in the market in which the Company operates; weather-related risks; risks associated with operations outside the United States; and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company 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 the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. For the selected financial data presented herein, Navios Logistics compiled consolidated statements of operation and selected balance sheets for the relevant periods.

EBITDA represents Net Income/(Loss) attributable to Navios Logistics’ stockholders before interest, taxes, depreciation and amortization. EBITDA is presented because it is used by certain investors to measure a company's operating performance. EBITDA is a “non-GAAP financial measure” 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.

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Navios Logistics Overview

Creating Shareholder Value: Navios Group

4

Navios Maritime Acquisition Corp.

(NYSE: NNA)

• Navios entity in tanker sector

• Fleet of 36 vessels: 27 product tankers, 7

VLCC, 2 chemical tankers

• Acquired product tankers for historically low

values

• Developing leading company in tanker

sector

• FY 2012 EBITDA: $97.5 million

• Market value of NM ownership: $219.6

million

• Annual dividend: $0.20; 5.5% yield

Navios Maritime Holdings Inc.

(NYSE: NM) • Controls 58-vessel drybulk fleet; 40 owned and 18 long term chartered-in vessels

• Flexible business model; Opportunity from market intelligence

• Stable cash flow from charter-out contracts >12 months and Short-Term Charters, COAs and FFAs

• FY 2012 EBITDA: $399.0 million

• NM: Share price: $5.41

• Annual dividend: $0.24; 4.4% yield

Navios Maritime Partners L.P.

(NYSE: NMM)

• Focused on long-term charter business in

the drybulk sector

• MLP with high dividend payout model

• Fleet of 25 dry bulk vessels of 2.7 M DWT

• NM receives incentive distributions through

the wholly owned GP

• FY 2012 EBITDA: $177.4 million

• Market value of NM ownership: $215.3

million

• Annual dividend: $1.77; 12.8% yield

Navios South American Logistics

• Integrated wet and dry logistics operator in

Hidrovia Region

• Core operations:

- Port Terminal storage facilities (dry

and wet)

- Barging (dry and wet)

- Cabotage business

• Expansion of port and barge business into

mineral commodities

• FY 2012 EBITDA: $48.1 million

23.4% NM

Ownership

51.6% NM

Economic

Interest

63.8% NM

Ownership $2.09/ share $2.13/ share

All stock prices and yields as of May 31, 2013

Navios Logistics Ownership Structure

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Cabotage Business

• Refined product transportation

along the Argentinean coast

• Six ocean going product

tankers and two self-propelled

barges

• Strategy to secure cash flows

with long term contracts

• Awarded Brazilian Cabotage

contracts for six new vessels

Barge Business

• 289 barges and pushboats

transporting dry and liquid

cargoes across the river system

– Pushboats

– Dry barges

– Oil barges

– LPG barges

• 1 floating dry dock

36.2% Ownership 63.8% Ownership

Peers Business Inc. Navios Maritime Holdings Inc.

NYSE: NM

Navios South American Logistics Inc.

(Marshall Islands)

Port Terminal Operations

Storage and Transfer

• Bulk Terminal – Nueva

Palmira – Uruguay (tax free

zone) with 460,000 mt dry

storage capacity

• Fuel Terminal – San Antonio

Port – Paraguay with 45,660

m3 storage capacity

Navios Logistics Highlights

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Leading Logistics

Provider in the Hidrovia

Region of South

America

Largest independent dry terminal in Hidrovia

One of the largest independent liquid terminals in Paraguay

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

Largest Argentinean product cabotage fleet with an average age of 4 years

Multiple Avenues of

Growth

Opportunities to invest in new port infrastructure

Increasing minerals and grain production and fuel demand create need for new convoys

Opportunity to expand in Brazilian cabotage

Favorable Market

Fundamental

Robust growth in exports of grain and mineral 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

Exposure to ADM, Bunge, Cargill, Dreyfus, Petrobras, Petropar, Vale, Vitol among others

Focus on Contracted

Cash Flow

Strategic positioning with fixed rate contracts and CoA’s 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

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Port Terminals Barge Business Cabotage Business

Asset Base

Bulk transfer and storage port

terminal in Nueva Palmira,

Uruguay

Liquid port in San Antonio,

Paraguay

223 dry barges

39 tank barges1

22 pushboats

2 small inland oil tankers

3 LPG barges

1 floating dry dock

6 Product tankers

(8,974 – 17,508 dwt)

2 self-propelled barges

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

Time charters and CoAs (1-5

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

1. Including one tank barge under construction to be delivered by Q3 2013

Largest Independent Logistics Provider in Hidrovia

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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)

690

289 279

181

118

0

100

200

300

400

500

600

700

800

Ultrapetrol NSAL Fluvialba ADM Interbarge

81 77

63

57 57

0

10

20

30

40

50

60

70

80

90

NSAL NationalShipping

Corp

Antares Maruba Petrotank

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

Source: Drewry

Presence Throughout Supply Chain

URUGUAY

CHILE

BOLIVIA

ARGENTINA

BRAZIL PARAGUAY

Corumba

Iron Ore

Refineries

Grain /

Crop

Dry Ports

Wet Ports

Refineries

Port: Paraguay Fuel Terminal

Loading / unloading

Storage

2

Exports

Barge Transportation

289 barges and pushboats

– Wet and liquid cargos

1

Cabotage Transportation

6 ocean going tankers

2 self-propelled barges

3

Southern Argentina

Port: Uruguay Bulk Terminal

Loading / unloading

Storage

Drying & conditioning

facilities

2

9

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Market Overview

Hidrovia: Agricultural Heartland of South America

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• 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: ~ 1,700 Number of barges: ~ 27,000

Significant Capacity for Growth Source: Drewry

Favorable Market Fundamentals of Hidrovia

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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

Coastal

Cabotage

Trade

Navios

Oil

Products

Terminal

Navios

Dry Port

Terminal

Hidrovia

River

System

Source: Drewry

• Growing exports of grain and mineral commodities

- Region accounts for ~55% 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 Plate River

- 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

The Economics of River Transportation:

Barge Transport is Cost-Effective

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One Barge:

1,500 Ton

One 15 Barge Convoy:

22,500 Ton

Jumbo Hopper Car:

112 Ton

100 Car Train Unit:

11,200 Ton

Large Semi:

26 Ton

Equivalent Units

One Barge

= =

13.4 Jumbo Hopper Cars 58 Large Semis (Trucks)

= =

One 15 Barge Convoy 2.0 100 Car-unit Train 870 Large Semis (Trucks)

Source: IOWA Department of Transportation

= =

One 20 Barge Convoy 2.7 100 Car-unit Train 1,160 Large Semis (Trucks)

Hidrovia Importance in World Dry Bulk Trade

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40%

45%

50%

55%

60%

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

160.0

Soybean Production Region % of World

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

Iron Ore Corumba Production

Hidrovia accounts for ~55% of

world soybean production

Increased Chinese demand driving

Brazilian iron ore production growth

Mill

ion M

etr

ic T

ons

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

Source: Drewry, USDA April 2013, Vale, MMX

Regio

n %

of W

orld

Thousand M

etr

ic T

ons

Hidrovia Region Soybean Production Corumba Brazil Iron Ore Production

Fresh Water Availability vs. Population:

Grain Exports = Virtual Water Trade

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: FAO, 1997a

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

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Q1 2013 Earnings Highlights

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Track Record of Strong EBITDA Growth

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188.0 234.7 247.0

2010 2011 2012

32.5 39.0

48.1

2010 2011 2012

Revenue ($ million) EBITDA ($ million)

14.6%

CAGR

21.7%

CAGR

50.1 73.2

Q1 2012 Q1 2013

8.7

14.1

Q1 2012 Q1 2013

46.0% 62.0%

Q1: $90.0 Million Add-On Bond Proceeds for Growth Capex

Navios Logistics Q1 2013 Earnings Highlights

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(in $ ‘000)

Three months

ended

Mar 31, 2013

Three months

ended

Mar 31, 2012 Y-O-Y Variance

Navios

Logistics

Revenue 73,230 50,147 46%

EBITDA 14,122 8,719 62%

Net income/(loss) 5,934 (2,386) N/A

Port

Terminals

Revenue 36,713 19,637 87%

EBITDA 7,286 5,350 36%

Barge

Business

Revenue 23,282 19,974 17%

EBITDA 2,865 1,830 57%

Cabotage

Business

Revenue 13,235 10,536 26%

EBITDA 3,971 1,539 158%

Navios Logistics Q1 2013 Balance Sheet

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Selected Balance Sheet Data (in $'000)

Three months Ended

March 31, 2013

Year Ended

December 31, 2012

Cash & cash equivalents 139,455 45,538

Accounts Receivable 35,879 29,122

Vessels port terminal and other fixed assets, net 358,427 356,038

Total Assets 752,090 636,344

Senior notes 293,322 200,000

Current portion of long term debt 69 69

Long term debt, net of current portion 513 529

Current portion of capital lease obligations 1,365 1,353

Capital lease obligations, net of current portion 23,421 23,759

Noncontrolling Interest 579 561

Stockholders Equity (1) 326,774 320,840

Book Capitalization (1) 645,464 546,550

Net Debt / Book Capitalization 28% 33%

(1) Excludes noncontrolling interest

www.navioslogistics.com