CMI Terminal JV

1
CMI Terminal JV

• General Managers Report

2
Grain Shipped

• CWB Grains
• NB Grains
• Total

• 123,869
• 126,400
• 250,269

3
CMI FINANCIAL

• Revenue
• COGS
• Gross Revenue
• Expenses
• EBIDA
• Interest
• EBA
• Amortization
• Net Revenue

• 7,946,727
• 3,107,184
• 4,839,543
• 2,516,573
• 2,350,790
• 331,954
• 2,018,836
• 765,578
• 1,253,258

4
How Does CMI Compare?
5
How Does CMI Compare?

• CMI Terminal Concrete 13.1x inventory turns
• CMI Wood 2 inventory turns
• Industry Average Inland Terminal 6.7x
• 95 above industry average

6
Productivity Comparison 1Q
7
Staff Productivity
8
Price Comparison March12th
9
Active Producer Shareholders

• 79 Producers
• 92000 mt (37)

10
CMI Contributes to Communities

• Spalding
• Naicam
• Lake Lenore
• Archerwill/ St.Front
• Watson/Quill Lake
• Pleasantdale
• Rosevalley
• Kelvington
• Annahiem

• 2733
• 8600
• 1031
• 966
• 2350
• 575
• 1750
• 400
• 250

11
CMI Contributes to Education

• Jennifer Buhs
• Jodi Souter

• 2000
• 2000

12
CMI Terminal Strengths

• Locally Owned, Globally Connected
• Profitability
• Flexibility
• Empowered Staff
• Producer Shareholders
• Well developed municipal infrastructure
• Highway 6 corridor access
• Crop Diversity
• Highly productive and motivated producers
• Customer loyalty
• Independence

13
Opportunities for increased Growth and
Profitability

• Strategic Alliances
• Increased Car Spot
• Increased Storage Capacity
• Larger Active Producer Ownership
• IP Food Production
• Container Loading
• Satellite Crop Input facilities and grain
  sourcing offices
• Arms length consulting company
• Non Board Brokering division

14
Change

• Industry Downsizing

15
Change

• Industry Downsizing
• Development of Current Infrastructure

16
Change

• Industry Downsizing
• Development of Current Infrastructure
• Mergers Acquisitions

17
Change

• Industry Downsizing
• Development of Current Infrastructure
• Mergers Acquisitions
• Export Central Desk Open Market

18
Change

• Industry Downsizing
• Development of Current Infrastructure
• Mergers Acquisitions
• Export Central Desk Open Market
• Grain Price Fuel Based Index

19
Change

• Industry Downsizing
• Development of Current Infrastructure
• Mergers Acquisitions
• Export Central Desk Open Market
• Grain Price Fuel Based Index
• Small to Midsize Farms Commercial

20
Change

• Industry Downsizing
• Development of Current Infrastructure
• Mergers Acquisitions
• Export Central Desk Open Market
• Grain Price Fuel Based Index
• Small to Midsize Farms Commercial
• Value Added

21
What will the future be for CMI?

• The best way to predict the future is to create
  it

22
What will the future be for CMI?

• The best way to predict the future is to create
  it
• Business focused on what we know and do best

23
What will the future be for CMI?

• The best way to predict the future is to create
  it
• Business focused on what we know and do best
• Focused on external and internal customer needs

24
What will the future be for CMI?

• The best way to predict the future is to create
  it
• Business focused on what we know and do best
• Focused on external and internal customer needs
• Business focused on an empowered organization

25
What will the future be for CMI?

• The best way to predict the future is to create
  it
• Business focused on what we know and do best
• Focused on external and internal customer needs
• Business focused on an empowered organization
• Vibrant, Strong, Involved producer shareholder
  group

26
What will the future be for CMI?

• The best way to predict the future is to create
  it
• Business focused on what we know and do best
• Focused on external and internal customer needs
• Business focused on an empowered organization
• Vibrant, Strong, Involved producer shareholder
  group
• A company that pursues opportunities

27
A vision of the future is not enough it must be
combined with venture. It is not enough to stare
up the steps we must step up the stairs.
28
Steps CMI has taken in creating its future

• Final stages of increasing car spot to 112 from
  current 56

29
Steps CMI has taken in creating its future

• Final stages of increasing car spot to 112 from
  current 56
• Shipping potential of 506,000 tonnes estimated
  market penetration of 354,000

30
Steps CMI has taken in creating its future

• Final stages of increasing car spot to 112 from
  current 56
• Shipping potential of 506,000 tonnes estimated
  market penetration of 354,000
• Base case of 185000 tonnes 555,000

31
Steps CMI has taken in creating its future

• Proposed 12,000 tonne expansion

32
Steps CMI has taken in creating its future

• Proposed 12,000 tonne expansion
• Projected Handle of 319,000 year five

33
Steps CMI has taken in creating its future

• Proposed 12,000 tonne expansion
• Projected Handle of 319,000 year five
• Projected net income on incremental tonnes over
  base 1,200,000

34
Steps CMI has taken in creating its future

• Investigating future supply agreements with value
  added enterprises.

35
Steps CMI has taken in creating its future

• Investigating future supply agreements with value
  added enterprises.
• Investigating mechanisms which will allow
  employee share options

36
Summary

• CMI Terminal JV is profitable
• CMI Terminal Ranks high in comparison with other
  companies
• Strong growth potential
• Encourages producer participation through CMI LTD
• Brings value to producer and non producer
  shareholders.