West Coast North American Location Drives Shipping Advantage

- Closer proximity to Asian end markets result in a ~45% shipping savings when compared to the U.S. Gulf of Mexico
- Eliminates exposure to the Panama Canal’s associated delays and increasing congestion
- The transit route from open water to Puerto Libertad provides a wide, natural deep water passage resulting in unrestricted drafts and no shipping congestion
- Puerto Libertad has a proven history of industrial vessel transits with over 30 years history of panamax vessel transits
- The Baja Peninsula provides a protected passage in a region with less storm activity than the U.S. Gulf of Mexico