NewLead Holdings Ltd. Corporate Presentation€¦ · ... trading companies and oil ......

Corporate Presentation NewLead Holdings Ltd.

June 1, 2015

LD Micro Conference

Monday, June 1, 2015 1

Forward Looking Statement

Forward Looking Statement

This presentation includes assumptions, expectations, projections, intentions and beliefs about

future events. These statements, as well as words such as "anticipated," "estimated," "projected,"

"plan," and "expect," are intended to be ''forward-looking statements” (as such term is defined

in Section 21E of the Securities Exchange Act of 1934, as amended).

We caution that assumptions, expectations, projections, intentions and beliefs about future

events may vary from actual results and the differences can be material. Such “forward looking”statements in this presentation are based on assumptions and expectations deemed reasonable

by NewLead, as well as information available to NewLead, at the time this presentation was

made. Although NewLead believes its assumptions are reasonable for its projections, it can give

no assurance that such projections will be attained.

The Company undertakes no obligation to update any forward-looking statements even if it

obtains new information or becomes aware of future events, unless it is required to do so under

the securities laws. The Company makes no prediction or statement about the performance of its

common stock.


Engine Control Room: the heart of a ship The heart of shipping beats at a vessel’s engine room

20 ships you didn’t realize you used today…everyday dry bulk commodities are brought to you by bulk carriers(Intercargo, the International Association of Dry Cargo Shipowners)

Dry Bulk Shipping: Will It Ever Recover?(Morgan Stanley, Maritime Industries April 2015)

On 18 February, the BDI - Baltic Dry Index - hit an all-time low of 509(BIMCO, the world’s largest international shipping association)

Anaemic demand growth is here to stay,

especially as the trade development in coal

and iron ore into China is expected to

decline further(Drewry, May 2015)

The Tanker Market Is Sending a Big Warning to Oil Bulls(Bloomberg.com, May 27, 2014)

China asphalt demand growing 5% per annum

Russia's bitumen demand growing at 10% per annum, to reach 9 - 10 million tons by 2015(Petrosil.com)

The global market for bitumen is expected to reach USD 95.77 billion by 2020(Grand View Research, Inc)

Shipping Always and Today


Overview

International, vertically integrated shipping and coal processing company

Ideal solutions for worldwide transportation of dry bulk commodities and petroleum products

Diversified fleet of dry bulk and tanker vessels

Owned and third party managed vessels

Securities and Exchange Commission (“SEC”) reporting

In compliance and current with all applicable SEC rules and regulations and reporting requirements


Profile

2014 - A Transformational Year for the CompanyDelivery of three Eco-type Handysize dry bulk carriers and five Asphalt/Bitumen Oil tankers

Fleet of ten vessels and one third party managed vessel

Average fleet age of 9.2 years for the dry bulk and 6.2 years for the asphalt/bitumen oil tankers

Entry in a niche oil market with upside from growing demand in oil and bitumen

Prudent Commercial Management Experienced in-house chartering department capable to capitalize on responses to market conditions

Balanced employment strategy among long term period charters, spot employment and COAs

Capitalization of strong commercial relationships with charterers, trading companies and oil majors

Knowledgeable S&P in-house department with access to numerous shipyards and respectable S&P brokers

Fleet utilization as of December 31, 2014 of 92.4%

Competent Operating PlatformIn-house commercial, operational and technical ship management

Dedicated operations sustaining efficient fleet performance

Skilled technical department maintaining vigorous safety and quality control standards

Competitive OpEx per vessel per day due to integrated ship management services

Enhanced Transparency Independent Board of Directors with solid shipping expertise

Corporate Governance structure to ensure commitment to conduct all affairs with trust and integrity

Code of Business Conduct and Ethics implemented by the Board of Directors

Corporate Governance practices routinely reviewed and modified to meet current best practices


Facts and Figures

Blend of vessels is NewLead’s competitive advantage

Revenue mix allows mitigation of charter rate fluctuations; stable cash flow during shipping cycles

5

5

1

NUMBER OF VESSELS

Dry bulk vessels

Aspahlt/Bitumen Oil tanker vessels

Third party managed Oil tanker vessel

AVERAGE FLEET AGE (as of end of May 2015)

DRY BULK CARRIERS 9.2 YEARS

ASPHALT/BITUMEN OIL TANKERS 6.2 YEARS

3

5

2

FLEET EMPLOYMENT PROFILE

Time Charter

Spot Charter

Contract of Affreightment

KEY FIGURES

TOTAL FLEET UTILISATION Q1 2015 90.75%

DRY FLEET UTILIZATION Q1 2015 97.81%

WET FLEET UTILIZATION Q1 2015 98.69%

CONTRACTED AVAILABLE DAYS

2015 42%

Accretive fleet growth strategy to expand fleet

Continuous market monitoring and evaluation

Responsive chartering strategy to market assessment

Maintenance of vessel condition to superior standards

Reduced OpEx while preserving high quality standards

Fleet: Growth - Optimization - Diversification - Balance


Commercial, Technical and Operational Management

In-house ship management companies

Newlead Bulkers S.A.: Dry bulk Carriers

In-house ship management companies; commercial and quality competence

Investment in the welfare of onshore and offshore personnel; NewLead’s most valuable asset

Personnel with years of experience in shipping; 55 employees ashore in our offices and 245 crew members

Operational flexibility; quality in every single management procedure

Strong relationships with industrial partners; relationship of mutual respect and trust

SAFETY IS NEWLEAD’S TOPMOST PRIORITY

CREW SAFETY

ENVIRONMENTAL PROTECTION

Newlead Shipping S.A.: Oil Tankers

INTEGRATION ONE-STOP WORLDWIDE SEABORNE TRANSPORTATION SERVICES

QUALITY COMPETENCE OPEATIONAL FLEXIBILITY

EXPERIENCED PERSONEL

STRONG INDUSTRY RELATIONSHIP

ASPHALT/BITUMEN OIL

TANKER ABILITY IS TO KEEP

TEMPERTURE OF CARGO AT

200 O C (392 O F)

OPEARTIONAL FLEXIBILITY


Constant Commercial Competence

Adaptive, prudent and opportunistic chartering strategy

Continuous evaluation of market conditions and trends

Capitalization on commercial relationships with oil majors and traders; competitive employment of asphalt/bitumen oil tankers

Capturing trading opportunities despite market conditions in the dry bulk sector

Cash flow stability

Sustainable revenues

Opportunity to participate in market turnarounds

Limiting counterparty risk

FLEET UTILIZATION PER VESSEL 2014 FLEET UTLIZATION PER SECTOR 2013-2014

Optimum balance among long term period charters, spot employment and contracts of affreightment

VESSEL 2014

NEWLEAD VICTORIA 98.59%

NEWLEAD CASTELLANO 95.94%

NEWLEAD ALBION 90.22%

NEWLEAD VENETICO 93.82%

NEWLEAD MARKELA 89.47%

VESSEL 2014

NEWLEAD GRANADINO 100.00%

NEPHELI 100.00%

SOFIA 90.30%

KATERINA L1 76.50%

IOLI1 67.67%

1. In 2014 the Katerina L and the Ioli underwent scheduled repairs


Strong Commercial Relationships

Competitive employment profile of asphalt/bitumen oil tankers with reputable counterparties

DRY BULK CHARTERES

ASPHALT/BITUMEN OIL CHARTERES

Diversified dry bulk charterers; longlisting commercial relationships with leading dry bulk charterers


Continuous Operational Competence

ASPHALT/BITUMEN OIL TANKERS

International Maritime Organization (IMO) regulations and responsibilities

MARPOL 73/78 requirements; recognizing environmental care

Ship operations in accordance with ISO 14001:2004 and ISO 50001:2011

Experienced technical department ensuring quality and safety while containing OpEx

Improved transparency; allowing effective management of third-party vessels

Constant investment in the maintenance and improvement of the vessels’ condition

NewLead mandates at least two inspections per year for each vessel

Test of cargo pumps and critical equipment prior every loading and discharging of asphalt/bitumen oil tankers

DRY BULK CARRIERS APPROVALS


Trading Routes Appendix A Dry bulk Carriers and Asphalt/Bitumen Oil Tankers

Dry bulk carrier: Newlead Victoria

Asphalt/Bitumen Oil tanker: Nepheli


Commodity Importing Countries Exporting Countries

Aggregates Norway, Scotland

Alumina China, USA, Ukraine Indonesia, Australia, Jamaica

Bauxite China, USA, Ukraine Indonesia, Australia, Jamaica

Cement United States, France, Russia Turkey, China, Thailand

Coal Asia, Western Europe Australia, Indonesia, United States

Copper China, Japan, India Chile, Peru

GrainsAsia Pacific region (excluding Japan), Latin

America, Africa, Middle EastUnited States, Argentina, Canada, Australia

Gypsum India, Japan Thailand, Germany

Dry bulk Principal Trading Routes

Note: The map shows all principal dry bulk trading routes for all different dry bulk carrier sizes

North

America

South

America

Africa

Australia

Europe

Asia

Commodity Importing Countries Exporting Countries

Iron Ore China, European Union, Japan, South Korea Iron Ore, Australia, Brazil

Nickel Ore China Indonesia, Australia

Potash China, India, Brazil Canada

Salt Japan, United States, Taiwan Australia, Mexico, Netherlands

Steel China, United States, South East Asia Japan, Russia, Western Europe

Sugar Japan, Tunisia, United Kingdom China, Thailand, France

Sulphur China, Morocco Canada, Russia

Timber Baltic, North America

Woodchips China Australia, Brazil

Dry bulk carrier: Newlead Castellano


Loading Port Discharging Port

South America China

South America Korea

South America Japan

South America Continent (Rotterdam, UK, Amsterdam, Baltic Sea)

US Gulf China

US Gulf Korea, Japan

US Gulf Continent (Rotterdam, UK, Amsterdam, Baltic Sea)

USA, East Coast Continent (Rotterdam, UK, Amsterdam, Baltic Sea)

USA, East Coast Turkey

USA, East Coast India

USA, East Coast China

USA, East Coast Korea

USA, East Coast Japan

South Africa India

South Africa China

South Africa Rotterdam

Indonesia India

Indonesia China


China West Africa

South East Asia West Africa

West Coast Canada China

West Coast Canada Japan

West Coast Canada Korea

East Coast Australia India

East Coast Australia Japan

East Coast Australia Korea

West Coast Australia Persian Gulf/ South East Asia

West Coast Australia China

North China South East Asia

South Korea South East Asia

New Zealand India

New Zealand Japan

New Zealand China

Continent (Rotterdam, UK, Amsterdam, Baltic Sea) East Coast South America

Continent (Rotterdam, UK, Amsterdam, Baltic Sea) US Gulf

Fujairah Messaieed

Note: The tables show all principal dry bulk trading routes for all different dry bulk carrier sizes

Dry bulk Principal Trading Routes


Asphalt/Bitumen Oil Tankers Principal Trading Routes

Notes:

1. The map shows all principal asphalt/bitumen oil tankers principal trading routes

2. Ashalt and bitumen is produced and traded globally from all oil major refineries as a crude oil by-product

North

America

South

America

Africa

Australia

Europe

Asia

Asphalt/Bitumen Oil tanker: Ioli Motor-Oil Refinery

North

America

South

America

Africa

Australia

Europe

Asia

ASPHALT/BITUMEN OIL



200 O C (392 O F)


Asphalt/Bitumen Oil Tankers Principal Trading Routes

Notes:

1. The table shows all principal asphalt/bitumen oil tankers principal trading routes



Greece, Piraeus Libya/Lebanon

Greece, Piraeus Alexandria

Greece, Piraeus South Turkey

Greece, Piraeus Black Sea

Greece, Piraeus Yanbu

Greece, Piraeus Cyprus

Greece, Piraeus Persian Gulf (PG)

Albania, Vlore Libya/ Lebanon

Albania, Vlore South Turkey

Albania, Vlore Black Sea

Albania, Vlore Yanbu

Albania, Vlore Persian Gulf (PG)

Central Coast America West Coast America

US Gulf US Gulf (Intra US Gulf)

East Coast America East Coast America

East Coast South America East Coast South America

East Coast America Continent (Rotterdam, UK, Amsterdam, Baltic Sea)


East Coast America Canada

Italy, Augusta, Ravenna, Taranto, Livorno Yanbu/Libya/Lebanon

Italy, Augusta, Ravenna, Taranto, Livorno Morocco/ Saudi Arabia/ Algeria

Italy, Augusta, Ravenna, Taranto, Livorno South Turkey

Italy, Augusta, Ravenna, Taranto, Livorno Black Sea

Italy, Augusta, Ravenna, Taranto, Livorno Persian Gulf (PG)

Spain Canary Islands

Spain Libya

Spain Algeria

Spain Tunisia

Spain Sicily

Spain West Africa

Spain Morocco

Singapore China

China Australia

Korea Japan

Belgium, Antwerp/Netherlands, Flushing France, Dunkirk


NewLead Dry bulk Carriers Trading Routes

Notes:

1.The map shows NewLead's dry bulk vessels trading routes for all different dry bulk vessel sizes controlled by NewLead

2. The charts show the cargoes transported by NewLead’s dry bulk vessels in 2013 - 2014

North

America

South

America

Africa

Australia

Europe

Asia

Dry bulk carrier: Newlead AlbionDry bulk terminal: Montreal

Dry bulk terminal: Melbourne



China West Africa

South East Asia New Zealand

Indonesia India

China South East Asia

South Korea East Coast USA

South Korea East Coast Canada

South Korea South East Asia

South Korea Turkey

East Canada Morocco

Russia Pacific (Nakhodka) South East Asia

West Coast Australia Japan

Mina Saqr Shuaiba

Taman Egypt

Novorossiysk Mobile

New Orleans El Dekheila

Kavkaz Jebel Ali/ Abu Dhabi

Kavkaz Persian Gulf (PG)

Paranagua Persian Gulf (PG)

NewLead Dry bulk Carriers Trading Routes

Note: The table shows NewLead's dry bulk carriers trading routes for all different dry bulk carrier sizes controlled by NewLead

Dry bulk carrier: Newlead Markela


NewLead Seaborne Trade by Type of Cargo 2013 - 2014

2013

Million Tons

Million Tons

2014

2013 total seaborne trade: 698,345 tons

2014 total seaborne trade: 1,368,629 tons

Note: NewLead had a fleet of five dry bulk carriers

Note: NewLead had a fleet of two dry bulk carriers


NewLead Asphalt/Bitumen Oil Tanker Trading Routes

North

America

South

America

Africa

Australia

Europe

Asia

Notes:

1. The map shows NewLead’s asphalt/bitumen oil tankers trading routes


Motor-Oil Refinery Asphalt/Bitumen Oil tanker:

Newlead Granadino

ASPHALT/BITUMEN OIL



200 O C (392 O F)

2013 trade: 128,649 tons

2014 trade: 219,016 tons



Greece, Piraeus Libya/ Lebanon

Greece, Piraeus Alexandria

Greece, Piraeus South Turkey

Greece, Piraeus Black Sea

Greece, Piraeus Yanbu

Greece, Piraeus Cyprus

Greece, Piraeus Persian Gulf (PG)

Albania, Vlore Libya/ Lebanon

Albania, Vlore South Turkey

Albania, Vlore Black Sea

Albania, Vlore Yanbu

Italy, Augusta, Taranto, Livorno Yanbu, Libya, Lebanon, Morocco Saudi Arabia, Algeria

Spain, Tarragona Tunisia

Bahrain Jubail

Antwerp, Belgium/ Netherlands,

FlushingFrance, Dunkirk

NewLead Asphalt/Bitumen Oil Tanker Trading Routes

Notes:

1. The table shows NewLead’s asphalt/bitumen oil tankers trading routes


Asphalt/Bitumen Oil tanker: Katerina L

Motor-Oil Refinery


Market Update Appendix B

Dry bulk carrier: Newlead Victoria Asphalt/Bitumen Oil tanker: Newlead Granadino


Dry Bulk Supply Update

Source: Clarksons Research Services

Million DWT

Million DWT

76.1

106.3

246.6

320.2300.1 305.5

232.7

140.2

172.5 173.9

147.7

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

DRY BULK VESEELS ORDERBOOK

7.1% 6.7% 6.6% 6.7%

10.1%

17.0%

14.9%

10.6%

5.7%

4.4%

0.5%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

FLEET GROWTH ORDERBOOK/FLEET

0.96 1.760.54

5.56

10.56

6.54

23.24

33.42

23.32

16.18

14.61

DRY BULK VESSELS DEMOLITION

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015 72 73 73 75 77 77 83 87 88 88 89 89

103 112 121 132 144 171210

250 280 294 308 30686 94 102 108 114

120

135

152170

185 193 195

61 6772

7784

93

111

131

147158

166 171

0

100

200

300

400

500

600

700

800

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

HANDYSIZE FLEET

CAPESIZE FLEET

PANAMAX FLEET

HANDYMAX FLEET

Million DWT


Dry Bulk Supply Update

Dry bulk Carriers Fleet Growth: Decreasing at less than 10 year average Fleet growth decreased lower than 5% for 2014

For the first four months of 2015 it has been only 0.55%

2015 fleet growth expected to be lower than 3%

2016 is expected to be less than 4%

Dry bulk Carriers Newbuilding OrderbookDry bulk orderbook decreased; less than 10 year average (2012 - 2015)

Conversions, cancellations and slippage to affect delivery schedule for 2015 and 2016

New orders have crashed to 20 year low

Average new orders from January to April 2015 estimated at 0.4 million dwt per month

For the first four months of 2015 at 98% less than the 23.0 million dwt peak in 2007

Dry bulk Carriers DemolitionSurge in dry bulk demolition since the start of 2015; almost 90% of 2014

Record high demolition at 30.8 million dwt since the beginning of 2015

Expected to grow due to oversupplied fleet, moderate global dry bulk trade growth and low vessel earnings

ASSET VALUES AT MULTI-YEAR LOWS

NEWBUILDING ORDERS AT 20 YEAR LOW

FLEET GROWTH FOR 2015 & LESS THAN 10 YEAR AVERAGE

RECORD HIGH DEMOLITION


Dry Bulk Demand Update

Dry bulk outlook stands at 2.35% for 2015; 2014 growth was 4.97%

Dry bulk market, traditionally supply-driven, numerous years of oversupply

Recent demand downturn expected to influence the dry bulk market distress further

Dry Bulk Trade 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2015 (%)

(in million tons)

Iron Ore 662 713 777 841 898 991 1053 1110 1189 1336 1409 5.46%

Coal 673 711 768 793 807 930 1000 1123 1179 1210 1201 -0.74%

Grain & Soybean 274 292 306 319 321 343 345 374 387 430 429 -0.23%

Bauxite & Alumina 70 78 93 97 74 96 113 107 139 105 108 2.86%

Steel Products 238 263 289 287 212 248 270 279 288 307 307 0.00%

Minor Dry Bulk 877 930 985 975 905 996 1060 1106 1148 1157 1198 3.54%

Total Dry Bulk 2794 2987 3218 3312 3217 3604 3841 4099 4330 4545 4652 2.35%

Growth - 6.91% 7.73% 2.92% -2.87% 12.03% 6.58% 6.72% 5.64% 4.97% 2.35% -

Iron ore & coal

(Ton change)- 89 121 89 71 216 132 180 135 178 64 -

Ton Growth - 6.67% 8.50% 5.76% 4.35% 12.67% 6.87% 8.77% 6.05% 7.52% 2.51% -

Grain & Other Minor

(Ton change)- 104 110 5 -166 171 105 78 96 37 43 -

Ton Growth - 7.13% 7.04% 0.30% -9.89% 11.31% 6.24% 4.36% 5.14% 1.89% 2.15% -

Source: Clarksons Research Services

China’s swift in renewable-clean energy; detrimental effect on coal and dry bulk trading internationally

Decline in trade of coal and iron ore heavily effected international dry bulk trading

Dry bulk demand decline expected to continue


Asphalt/Bitumen Oil Tanker Supply Update

293 asphalt/bitumen oil tankers in the water

Total deadweight capacity of asphalt/bitumen oil tankers 1,460,526 dwt

Modern fleet base 109 vessels are less than 10 years old with 199 of them being less than 20 years old

381,300 dwt less than five years old and 763,100 dwt less than 10 years old

381.3

381.8214.3

120.3

102.7

35.3

153

30.133.6 4.9 2.7

THOUSAND DWT

2015-2011

2010-2006

2005-2001

2000-1996

1995-1991

1990-1986

1985-1981

1980-1976

1975-1971

1970-1966

1965-1961

39

70

72

18

31

14

27

811

1 2

NUMBER OF VESSELS

2015-2011

2010-2006

2005-2001

2000-1996

1995-1991

1990-1986

1985-1981

1980-1976

1975-1971

1970-1966

1965-1961

Year built Year built

Source: Wake Marine Ltd.


Bitumen Supply and DemandGains on crude/fuel oil markets cause upward trend to bitumen demand

Bitumen demand influenced by infrastructure, road projects and road repairs

Political stability and infrastructure development influence bitumen demand

Asphalt/bitumen applications ensure constant demand for its transportation worldwide

Asphalt/Bitumen Demand Update and Application

Source: Argus Media, Bitumen Report

Asphalt/Bitumen Applications

Road Construction: used for road construction; withstanding heavy traffic burden and extreme environmental conditions

Agriculture: used in paved barn floors, barnyards, feed platforms, tree paints (as a protective material)

Buildings & Industrial Paving: waterproofing properties; durability and resistance to heavy loads;

Hydraulics & Erosion Control: applied in hydraulics and erosion control in fields

Industrial Use: used for insulation and lamination, coatings, electrical insulating compounds, papers, tapes, wire

Paving: used in airport runways, asphalt blocks, highways, roads, streets, shoulders

Railways: used in ballast treatment, station platforms, dust laying

Recreation: can be used in sport arenas, school yards, race tracks


Company Information Appendix C


NewLead Fleet

Vessel Name Vessel Type Year Built Size (dwt) Charter Expiration Date

Dry Bulk Carriers

2015 Contracted Available Days1: 44.6%

Newlead Castellano Eco-type Handysize 2013 35,542 Spot

Newlead Albion Eco-type Handysize 2012 32,318 Spot

Newlead Venetico Eco-type Handysize 2012 32,394 Spot

Newlead Victoria Panamax 2002 75,966 Q2 - Q3 2018

Newlead Markela Panamax 1990 71,733 Q2 2016

Tanker Vessels

2015 Contracted Available Days1: 39.35%

Newlead Granadino Asphalt/Bitumen Oil Tanker 2009 5,887 Spot

Nepheli Asphalt/Bitumen Oil Tanker 2009 3,416 Q3 2015

Ioli Asphalt/Bitumen Oil Tanker 2009 3,370 Q1 2016

Katerina L Asphalt/Bitumen Oil Tanker 2009 3,357 Q4 2015

Sofia Asphalt/Bitumen Oil Tanker 2008 2,888 Spot

Gema2 Oil Tanker 2001 19,831 Spot

Notes:

1. As of end of May 2015

2. Third party managed vessel

Dry bulk carrier:

Newlead Victoria

Asphalt/Bitumen

Oil tanker: Sofia


Board of Directors: 100 years of cumulative experience

Spyros Gianniotis

Deputy Chairman and Non-Executive Officer

Class III Director, Since October 2009

25 years of experience in the banking sector

Chief Financial Officer of NYSE listed Aegean Marine Petroleum Network Inc. since 2008

Assistant General Manager and Head of Shipping at Piraeus Bank S.A. from2001 to 2008

Banking Executive at Citigroup holding various positions in Athens, Piraeus and New York

Queens College, CUNY, BA

Maritime College, SUNY, MSc

Wagner College, MBA

Panagiotis Skiadas

Non-Executive Officer

Class III Director, Since June 2005

Environmental Manager and Climate Change Manager at VIOCHALCO S.A. since 2006

Environmental Manager at ELVAL S.A., a subsidiary of VIOHALCO S.A.

Section Manager of Environmental Operations at the Organizational Committee of the Olympic

Games in Athens 2004

University of Florida, BSc in Engineering

Massachusetts Institute of Technology (MIT), MSc Environmental Engineering

Steve-Oh

Non-Executive Officer

Class III Director, Since December 2011

Vice Chairman of the Korean Association

Active shipbroker in projects related to newbuildings, S&Ps, ship repair, chartering and marine

equipment, covering both technical and commercial scopes of business

Managing Director of Great Shipping Co. Inc., Piraeus

Managing Director of MJLF Athens, a subsidiary of MJLF & Associates, USA since 2008

Representative General Manager of Hyundai Mipo Dockyard Athens Branch since 1996

Representative General Manager of Hyundai Mipo Dockyard Singapore Branch since 1993

Ship Repair Engineer of Machinery Division and Project Manager at Hyundai Mipo Dockyard

Hanyang University of Seoul, BSc in Mechanical and Thermal Engineering


Top Management: working together for more than 10 years

Michail Zolotas

Chairman and Chief Executive Officer

A third generation ship-owner with 20 years of technical, operational and commercial experience,

managed more than 120 vessel of all types and built more than 50 newbuilding vessels in all major

shipyards

Founder and CEO of Grandunion Inc., a company managing more than 27 vessels

President of Newfront Shipping SA, a company managing more than 24 vessels

Founder of Stamford Navigation Inc., a company managing 40 vessels

MSc in Mechanical Engineering from Stevens Institute of Technology, USA

Michail Livanos

General Manager of Newlead Shipping S.A. and Newlead Bulkers S.A.

15 years of experience in the shipping industry

General Manager of Newlead Shipping S.A. and Newlead Bulkers S.A., subsidiaries of NewLead

Holdings Ltd. since 2014

Head of Treasury and Vice President of Newlead Shipping S.A. from 2010 to 2014

Chief Financial Officer of Grandunion Inc. from 2006 to 2009

Associate Director, Global Shipping Finance at Scotiabank from 2003 to 2006

University of Athens, BSc in Physics

City University Business School, MSc in Shipping Trading & Finance

Cardiff Business School, MBA


Nikolaos Papadeas

Operations Manager

19 years of sea working experience

Operations Manager of Newlead Shipping S.A .and Newlead Bulkers S.A., subsidiaries of NewLead Holdings

Ltd. since 2009

Operations Manager of Newfront Singapore , former Seachem Singapore from 2005 to 2008

Operations Manager at Seachem Tankers Singapore, a subsidiary of Ceres Shipping Ltd. from 1995 to 2005

Insurance, Claims and Post-fixture coordinator at Nationwide Shipping Inc. from 2000 to 2002

Antonios Sousouris

Technical Manager

23 years of sea working experience

Technical Manager of Newlead Shipping S.A. and Newlead Bulkers S.A., subsidiaries of NewLead Holdings Ltd.

since 2014

Technical Manager of Newfront Shipping S.A. from 2008 to 2009

Senior Technical Superintendent of Euronav Hellas Ltd. from 2005 to 2008

Ship Manager of Ceres Hellenic Shipping Enterprises, Ltd. From 2000 to 2005

Technical Superintendent of Ceres Hellenic Shipping Enterprises, Ltd. from 1996 to 2000

Diploma of A Class Engineer, Ministry of Mercantile Marine

Warash Maritime Academy, Engine Room Resource Management

Christos Papadopoulos

Designated Person Ashore (DPA)& Company Security Officer (CSO)

DPA and CSO of Newlead Shipping S.A .and Newlead Bulkers S.A., subsidiaries of NewLead Holdings Ltd., since

2014

Marine Coordinator at Newlead Shipping S.A .and Newlead Bulkers S.A., subsidiaries of NewLead Holdings

Ltd., from 2012 to 2014

Operations Coordinator at Newlead Shipping S.A .and Newlead Bulkers S.A., subsidiaries of NewLead

Holdings Ltd., from 2009 to 2012

SQE Coordinator to the DPA/ CSO at Aries Maritime Transport Limited from 2008 to 2009

NewLead Management: experience across the board



Spyros Theodoropoulos

Risk Manager

Risk Manager of Newlead Shipping S.A. and Newlead Bulkers S.A., subsidiaries of NewLead


Claims Manager of Newlead Shipping S.A .and Newlead Bulkers S.A., subsidiaries of NewLead


Claims and Insurance Manager at Dioryx Maritime Corp./Liquimar Tankers Management from 2002 to 2010

Insurance, Claims and Post-fixture Coordinator at Nationwide Shipping Inc. from 2000 to 2002

University of Piraeus, Greece, BSc in Maritime Economics,

University of Wales, Cardiff Law School, LLM in Legal Aspects of Maritime Affairs

Supporting member of the London Maritime Arbitrators Association (LMAA)

Anna Zolota

Chartering Manager

Senior Commercial Officer and Senior Insurance Officer of Newlead Shipping S.A. and NewLead Bulkers S.A.

from 2009 to 2014

Senior Commercial Officer and Senior Insurance Officer of Stanford Navigation Inc. from 2004 to 2009

Personal Assistant to the Chief Operating Officer of Tsakos Energy Navigation Limited from 1999 to 2004

In - house Bunker Broker of Tsakos Shipping & Trading S.A. from 1999 to 2004

Anglia Ruskin University, Cambridge, BA in Business and French

Université Stendhal - Grenoble III, Diplôme d’Université d’Etudes Européennes Intégrées

The Institute of Chartered Shipbrokers, Claims Handling and Tanker Chartering

Lloyd’s Maritime Academy, London, The commercial and contractual framework for Sale and Purchase

The Baltic Exchange - London, Freight Derivatives & Shipping Risk Management - Advanced Freight

Modeling & Trading

Elisa Gerouki

Corporate Communications Manager

Corporate Communications Manager of NewLead Holdings Ltd. since 2010 responsible for Corporate Affairs

and Investor Relations

Account Manager - Financial, IT and Telco Communications - at V+O Communication, from 2009 to 2010

Special Advisor on Economic Diplomacy to the Deputy Minister of Foreign Affairs in 2009

Account Manager - Financial Communications - at V+O Communication in 2007

Marketing Assistant at Volkswagen Bank GmbH, from 2005 to 2007

Personal Assistant to Legal Representative of Volkswagen Financial Services AG, Greece from 2004 to 2005

Brunel University London, BSc in Management

Honoree of the Final Year Project Award in Management Research Methods on Corporate Governance: The

Demographic Characteristics of the Chairmen, Board Structure and Organizational Performance

London School of Economics and Political Science (LSE), MSc in Media Communication Regulation & Policy



Eleftheria Savvidaki

Legal Counsel

Legal Counsel of NewLead Holdings Ltd. since 2015

Legal and Insurance Manager of Premium Consul LLC from 2012 to 2015, acting as an external

Legal Consultant for NewLead Holdings Ltd. since 2012

Claims and Insurance Manager of Oceanfleet Shipping Ltd. from 2011 to 2012

Company Secretary to Goldenport Holdings Inc. from 2007 to 2011

Claims Handler and Insurance Professional from 2005 to 2011

Legal Assistant in Azure Services Inc. from 2003 to 2005

Claims Assistant in Topmar Shipping Corporation from 2002 to 2003

University of Plymouth, Bachelor degree in Maritime Business with Maritime Law

University of Cardiff, LLM in Legal Aspects of Marine Affairs

Kelly Kokkinaki

Senior Corporate Lawyer

Senior Corporate Lawyer of NewLead Holdings Ltd. since October 2014

Hogan Lovells LLP, Antitrust, Competition & Economic Regulation (ACER) practice group,

Belgium, in 2014

European Commission, Directorate General for Competition, Belgium from 2013 to 2014

Legal Advisor of Mr. Aggelos Manolakis, Member of the Greek Parliament from 2011 to 2012

Legal Associate, Dr. Eleftherios Mavris Law Office, Greece from 2010 to 2012

National and Kapodistrian University of Athens, Degree in Law

Vrije University Brussels (VUB), LLM in International and European Law



Eleni Despotopoulou

Internal Auditor

Internal Auditor of NewLead Holdings Ltd., since 2010

Internal Audit Services at PricewaterhouseCoopers, from 2004 to 2010

Member of the International Institute of Internal Auditors

Member of the Hellenic Institute of Internal Auditors

Panteion University of Economical and Political Sciences, BSc in Public Administration

Panteion University of Economical and Political Sciences, Master in Organizational and Financial

Psycology

Nikolaos Stathis

Financial Controller

Financial Controller of NewLead Holdings Ltd., since 2012

Financial Reporting Manager, Assistant Financial Controller, Assistant Financial Reporting

Manager and Senior Financial Analyst of NewLead Holdings Ltd., from 2009 to 2012

Audit Projects under US GAAP, IPOs and SOX Compliance Procedures in PricewaterhouseCoopers

from 2005 to 2009

British Petroleum (BP) 2005

ACCA, Certified Chartered Accountant (IAS/IFRS)

Certified Accountant in Greece - Level A

Aristotele University of Thessaloniki, BSc in Economics Science

University of Aberdeen, Master in Business Administration (MBA)

Dimitra Moustaka

Financial Reporting Manager

Financial Reporting Manager of NewLead Holdings Ltd. since 2014

External Auditor at PricewaterhouseCoopers Greece from 2007 to 2013

Member of Greek Economic Chamber, Certified Economist A’ Class

Athens University of Economics and Business, BSc in Business Administration

Athens University of Economics and Business, MSc in Accounting and Finance

Education Institute of Certified Public Accountants, Postgraduate Training of Accountants,

Professional Qualification

Diploma in International Financial Reporting


22 Vessels 18 Vessels 4 Vessels 3 Vessels 11 Vessels 11 Vessels

January 2015 NewLead

announces delivery of

five bitumen

tankers, the Captain Nikolas I (renamed Newlead Granadino), the Nepheli, the Ioli, the Katerina L and the Sofia

NewLead currently

controls a fleet of 11

vessels, five dry bulk

and six tanker vessels,

including one third

party vessel under

management

January 2014

NewLead is granted

access to develop and

mine a second mine

the Five Mile mine in

Kentucky, USA

May 2014

NewLead takes

delivery of the first

Eco-Type Handysize

vessel, after

restructuring, the

Newlead Albion

July 2014NewLead takes delivery of the second Eco-Type

Handysize vessel, the

Newlead Venetico

September 2014

NewLead takes delivery

of the third Eco-Type

Handysize vessel, the

Newlead Castellano

September 2013

NewLead acquires rights

to mine at the Viking

mine in Kentucky, USA

December 2013

NewLead Holdings Ltd.

completes acquisition

of Viking coal wash

plant in Kentucky, USA

December 2012

NewLead completes

its global restructuring

plan

NewLead reduces

indebtedness by appr.

US $578.3 million

NewLead controls a

fleet of 4 vessels, 2 dry

bulk and 2 product

tanker vessels

August 2011NewLead controls a fleet of 22 vessels, 12 dry bulk vessels including 2

newbuildings and 2

product tanker vessels

July 2011NewLead enters into a global financialrestructuring plan, led by Moelis and Company

2010NewLead Holdings Ltd., completes acquisition of 14 vessels, 12 dry bulk

vessels, including 4newbuildings and 2 product tanker vessels

NewLead completes

dropdown of

Newlead Shipping

S.A.

October 2009

Grandunion Inc.

acquires Aries Maritime

Transport Limited, a

shipping company

listed on NASDAQ

December 2009The new Company is renamed to NewLeadHoldings Ltd. and startstrading on NASDAQ under the symbol NEWL

2009 2010 2011 2012 2013 2014 2015

14 Vessels

NewLead’s Fleet1:

Notes:

1.NewLead’s fleet at the end of each calendar year

2.NewLead’s timeline is maintained on the basis of the Company's announcements

NewLead Timeline


2015 will be a year during which NewLead plans to double its fleet to 20 vessels.

Intergraded shipping company; transporting dry bulk cargoes and asphalt/bitumen

Competitive experienced in-house ship management, commercial, operational and technical

Revenue mix; stable cash flow during shipping cycles

Strong relationships with oil majors and industrial partners

Transparency; allowing effective management of third-party vessels

Takeaways


USA Office:

Mine Investments LLC.

A subsidiary of NewLead Holdings Ltd.

525 North Tryon Street,

Suite 1600

Charlotte NC 28202, USA

Principal Offices:

NewLead Holdings Ltd.

Akti Miaouli 83 & Flessa

Piraeus, 185 38, Greece

For Media/Investor Enquiries:

Elisa Gerouki

T: +30 213 014 8023

E: [email protected] Thank you.

NewLead Holding Ltd.

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