28 - 29 May 2020 GRAND HOTEL KRASNAPOLSKY, DAM 9, , THE NETHERLANDS Thank you to our Sponsors

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Best commodity finance conference and networking platform in Europe Thomas Schirmier, RBI Keynote speakers

Tanya Epshteyn Jumana Saleheen Stephan Jansma Paul van Spaendonk Head of Structured Chief Economist Global Head Trade & Group Head of Finance CRU Structured Finance Financing Czarnikow Trafigura COFCO

Canan Tulum Tawfik Sadfi Jayant Parande Kona Haque Head of Treasury & Head of Finance Global Head – Trade Head of Research Trade Finance Gunvor & Structured Finance ED&F MAN Petrochina UK Olam International

Philippe Penet Alexander Peters Nitin Navandher CFO & Treasurer Finance Director CFO Sucafina Arrow Metals Phoenix Global DMCC

Thierry Bourvis Ozan Ozturk Robert Frank CFO Managing Director Global Head of Sucres et Denrees Agrozan Insurance & Risk Commodities Mitigation Gerald Group Why Attend

TXF returns to the beautiful city of Amsterdam for our flagship commodity finance conference. Widely regarded asthe event of the year in the commodities calendar, TXF Global Commodity Finance 2020 will gather dealmakers from all corners of the market to discuss the latest trends impacting the industry.

The market finds itself in a key period of transition, TXF Global Commodity Finance 2020 is the perfect opportunity to bring the market together and examine the driving forces behind this. It’s all set to be another unmissable event.

Greater representation of A new stream focused on Our brand new commodity commodity producers physical commodities financing training course.

Join us in May as TXF Global Commodity Finance 2020 goes back to the future.

What’s New?

EVENT FEATURES: PROGRAMME FEATURES THE COMMODITIES FOOTBALL CUP INDUSTRY DUELS The Commodities Cup is the sporting event of the year. Banks Industry stalwarts tackle the issues of the day in our and traders go head to head in an attempt to win the coveted brand new Industry duel format. Who will be crowned the Commodities Cup. We can’t promise total football but we can champion? promise total fun. DEAL OF THE YEAR CASE STUDIES THE INDUSTRY DINNER Hear how they did it as we profile the most innovative deals Join everyone who’s anyone at TXF’s famous commodity from 2019 in our perfect 10 deal case study sessions. finance industry dinner. Expect food, wine and lots of suspect dance moves. GLOBAL HEADS DEBATE Hear the industry big-wigs battle it out in our brand new PERFECT 10 ‘DEAL OF THE YEAR’ AWARDS global heads debate session. It’s sure to get heated. Celebrate with your industry peers as we recognise some of the most innovative deals from 2019 in our Perfect 10 ‘Deal of the year’ award ceremony.

Delegate Breakdown

16% Other RATED 43% 8/10 8% Corporates for content Law Firms

RATED 4% 9/10 Insurance for networking Companies

29% Financial Institutions

Fail to attend and you miss the event of the year. John Goodridhe, BP Traders and Producers You Could Meet

Addax Energy SA Coral Energy Litasco

Advaita Coriolis Technologies Louis Dreyfus Company

Agritrade International Limited Maersk

Pte Ltd CTA Geneva MET Group

Agrozan Commodities Dubai Multi Commodities Metinvest

DMCC Centre minmetals uk

Alpicom Duferco MRI Trading

Alvean ECOM Agroindustrial Nehme Commodities

Amaggi S. A. Corporation Nidec ASI S.p.A.

Ameropa AG ED & F Man Olam International

Archer Daniels Midland Enerco Limited

Arrow Metals AG Finco Fuel Benelux Olam International

Aston FFI (Suisse) S.A. Gazprom neft Limited, Geneva branch

BB Energy Gerald Group OMV Supply & Trading

Bluequest Resources AG Glencore Ltd

Bonroy Petchem Gulf Petrochem Petersen Matex Trading

BP Gunvor GmbH

BP Oil International Ltd ICIS PetroChina International

BroadGrain IX Metals

China Aviation Fuel KazMunaiGas Petroineos Trading

(Europe) Limited KME Group Limited

COFCO International Lafonte Commerce SA Philia

Concord Resources Latour Commodities

Limited Advisory Pte Ltd

Excellent and innovative with great topics of interest. Mike Marnell, Bank of China DAY 1 Agenda

COFFEE & REGISTRATION Don’t forget to bring your business card to register! Once you’ve got your badge, help yourself to a and croissant and start mingling.

OPENING REMARKS WELCOME TO TXF GLOBAL COMMODITY FINANCE 2020 With commodity finance volumes down by more than half, the market finds itself in a key period of transition. TXF’s Editor-in-Chief, Jonathan Bell, provides an overview of what you can expect from the commodities event of the year. Jonathan Bell, Editor-in-Chief, TXF

AROUND THE WORLD IN A DAY KEYNOTE ADDRESS As the commodities market battles the opposing forces of globalisation and geopolitical instability, understanding the risk factors within your supply chain is essential. We go back to the future in this keynote economic address to outline the key geopolitical and supply risks in the world’s top commodity producing and trading countries to give you an unrivalled opportunity to improve your risk management practices in 2020 and beyond. Jumana Saleheen, Chief Economist, CRU

BROTHERS IN ARMS SLIDO SURVEY: HAVE YOUR SAY ON THE LATEST TRENDS This anonymous live survey is a chance to hear your thoughts on the key trends shaping the market. With representatives present from all corners of the industry, we’ll find out everything from which commodities are hot, how the market is investing in digitisation and everything in between. After the conference we’ll send you a full set of annotated results. Tom Parkman, Head of Research, TXF Moderator: Hesham Zakai, Managing Director, TXF

SLIPPERY WHEN WET THE KEY DRIVERS OF GLOBAL TRADE This panel of international trading houses assess the key issues driving global trade. In a period of transition commodity traders are facing a myriad of challenges given lower prices in the market and a decrease in deal volumes. Coupled with regulatory obstacles and increased supply chain opportunities you can learn how the best traders are navigating through this difficult period. • How are traders faring considering the low commodity price environment? • Where are the key trade and supply chain routes developing? • How are Basel IV and IMO 2020 being approached? • With deal volumes down, are corporates finding the structured and working capital financing that they need? Tanya Epshteyn, Head of Structured Finance, Czarnikow Nitin Navandher, CFO, Phoenix global DMCC Tawfik Sadfi, Head of Finance, Gunvor Jayant Parande, Global Head – Trade & Structured Finance, Olam International Kona Haque, Head of Research, ED&F Man Moderator: Hesham Zakai, Managing Director, TXF NETWORKING COFFEE BREAK Ask us about our networking concierge service in order to arrange meetings and meet your peers.

THE CHALLENGER’S TRACK SECTOR SPOTLIGHTS These essential market intelligence This track takes key challenges in banking workshops are your chance to learn more and trading based on current market about key trends in the energy, mining and volatility through interactive sessions agricultural sectors and pose questions to where all – including the audience – are expert industry analysts covering those encouraged to participate. sectors.

TOP GUN BORN IN THE USA THE GLOBAL HEADS DEBATE ENERGY & PETROCHEMICALS In this oxford style debate, global heads • What is the outlook for oil and gas from international commodity finance banks and what will be the main change for go head-to-head in a (light-hearted) way of commodity finance professionals in 2020? tackling serious industry issues. Two teams • Is the US shale boom coming to an end will use their powers of persuasion to debate and what impact will that have on your a series of pre-assigned topics. The winning business? team will be determined by the audience. • Was the death of coal announced Debate 1: This house believes that structured commodity finance is no longer prematurely and who’s filling the financing viable. gap? Debate 2: This house believes that • Will the LNG market bounce back in 2020 regulation is killing the market. and are you prepared for that impact? Debate 3: This house believes that IRON MAIDEN sustainable finance is nothing more than METALS & MINING greenwashing. • What is the outlook for EV metals in 2020 Sandra Hack, Global Head of Structured and how will you be affected? Commodity Trade Finance, Deutsche Bank • How will you be impacted by China’s Maarten Koning, Managing Director, Global slowing economy causing a reduction in Lead Structured Commodities Finance, ING investment in new projects? Bank Esther Berkelaar, Head TCF Agri EMEA, • Is mining in the DRC becoming an impossible situation and, if so, how can Rabobank you turn that into a positive? Moderator: Stephan Jansma Global, Head Trade and Structured • As demand outstrips supply, are we headed for a copper crisis, and are you Finance, Trafigura Group ready to mitigate that risk?

BACK IN BLACK GRACELAND PRODUCER PRIORITIES IN 2020 AGRI & SOFTS Commodity producers from across the • What is the outlook for bulk commodity energy, mining and agricultural sectors prices in 2020 and what does that mean share their hopes and concerns for the year for you? ahead and discuss their approach in light of • How has the African swine fever affected the tough current market conditions. long term supply for food? • What financing techniques are producers • Is the pure agri-trading model dead and currently using and are they becoming how are agricultural traders evolving their more sophisticated? approach? • Could investment in downstream and • Have we seen the end of the ABCD trading operations be a potential source dominance and, if so, what next? of new revenue? Thierry Bourvis, CFO, Sucden • How is investment in new technology helping to reduce the costs of production? Moderator: Alexander Peters, Finance Director, Arrow Metals LUNCH

REGIONAL ROUNDTABLES Select which of these concurrent discussions you would like to attend. Sit side-by-side with your peers and participate in an interactive discussion led by an industry expert.

AFRICA • Investment opportunities in Africa. • China and Africa’s developing relationship • What are the risk vs rewards for traders operating in the DRC? • A focus on oil, mined minerals and softs.

RUSSIA, CEE & CIS • Profiling the current sanctions landscape. • The outlook for Russian commodities lending. • The development of structured financing in less mature markets such as Romania and Bulgaria. • A focus on oil, gas, grain and petrochemicals.

ASIA-PACIFIC • The implications of China’s slowing economy on global commodities demand. • The growing demand for coal in Asia and financing conundrum this is creating. • The effect of recent fraud cases in Asia and the current risk appetite from international lenders for Asian debt. • A focus on oil and gas.

LATIN AMERICA • China’s evolving role in Latin America and the knock-on effects from the US-China trade war. • Latin America’s relationship with the US and the effect of Venezuelan sanctions. • Geopolitics and the effect on commodity price volatility. • A focus on softs and LNG.

MIDDLE EAST • Dealing with sanctions, conflict and geopolitical unrest in the region. • The growing demand for new forms of debt. • The rise of the DMCC as a global trading hub. • A focus on oil and gas. Ozan Ozturk, Managing Director, Agrozan Commodities

NETWORKING COFFEE BREAK

BACK TO THE FUTURE THE TXF COMMODITY FINANCE PODCAST Join us for a live recording of the very first episode of the TXF Commodity Finance Podcast. The upcoming series will feature insights from established and progressive market practitioners on a range of topics from deal trends to tackling diversity issues. EPISODE 1: COMMODITY FINANCE PREDICTIONS As we venture into the 2020s, we put our panellists to the test, asking them to gaze into their crystal balls and predict the future of commodity finance. • Will Africa’s infrastructure investments bear fruit? • Will China’s dominance be waning? • Will commodity financiers be replaced by robots? Find out what our panellists predict and remember you heard it here first. Moderator: Dominik Kloiber, Director, TXF THRILLER TXF TALKS In this brand new session format, TXF Talks provide ‘outside the box’ thinkers the chance to take to the stage and discuss their views on thought-provoking subjects. This closing session will feature three exclusive ‘TXF Talks’ by members of the commodities industry. Each speaker will be given 10 minutes to present on their chosen subject, after which we will open it up to the audience for questions. If you’re an ‘outside the box’ thinker and are interested in taking part then get in touch with [email protected]

DRINKS RECEPTION & INDUSTRY AWARDS DINNER

DAY 2

COFFEE & REGISTRATION

OPENING REMARKS WELCOME BACK! Jonathan Bell welcomes delegates back to day two of the conference and outlines what the day has in store. Jonathan Bell, Editor-in-Chief, TXF

THE BREAKFAST CLUB SHIPPING, BUNKERING & IMO 2020 The state of the dry bulk and tanker shipping market is often a good barometer for the changing demands and supplies in commodities. This market briefing session provides a snapshot of the state of the shipping and bunkering markets and weighs up the impact of the recently imposed IMO 2020 regulation. • How has the market adapted to the new IMO 2020 regulation and what impact has it had on the supply and price of commodities? • Manage the fallout from the recent cases of fraud within the bunkering market • How are the main bunkering hubs adapting to increased demand for LSFO and what you need to do adapt?

SHOULD I STAY OR SHOULD I GO FINANCING TRENDS, TOOLS & TREPIDATIONS With the use of TXF’s Commodity Finance market report, we provide a state of the market overview of the latest financing trends: • Which financing structures are proving popular? • What trends are we seeing with respect to pricing? • Which regions and sectors are showing promise and which are concerning practitioners> • What market issues were identified, from key legal and regulatory concerns to sanctions? • What obstacles are presented to those looking to grow their commodities business in new markets, from lack of understanding of countries to inability to access credit? Canan Tulum, Head of Treasury & Trade Finance, Petro China NETWORKING COFFEE BREAK

PLENARY STREAM SANCTIONS & COMPLIANCE

THE SHINING RISKY BUSINESS CPRI: A SHINING LIGHT IN A HOW COULD THAT PASS COMPLIANCE? CHALLENGING MARKET In this interactive workshop, our panel of As the CPRI market begins to mature in experts consider a series of hypothetical Europe and Asia it becomes an ever more deals and discuss the complexities they important tool in the risk mitigation arsenal provide with regards to KYC, AML, financial of traders and producers. So what are the crime issues, sanctions, bribery and current drivers behind its usage? corruption. • From capital management to a heightened The audience will join the panellists in risk sensitivity discussing whether those deals would • What’s obstructing its further growth pass their own institutions’ compliance • How could the product be improved? departments. Robert Frank, Global Head of Insurance & Risk Mitigation, Gerald Group

ANOTHER ONE BITES THE DUST DIRTY DANCING THE RISE AND FALL OF ALTERNATIVE A BLUEPRINT FOR SANCTIONS SUCCESS FINANCIERS This practical workshop helps you map out With many high-profile commodity funds a plan for staying compliant with sanctions, exiting the market in the last year, we look helping you understand the best ways at what separates those that succeed and to get deals done, safely, in jurisdictions those that fail. ranging from Russia, to Iran, to Venezuela. • What were the factors that ultimately led to 2019 commodity failures? • How are organisations safeguarding against potential funds exiting the market? • Is this a temporary phenomenon or an inherent incompatibility in the market?

NETWORKING LUNCH

Nice conference, interesting themes/panels. Fun and colourful atmosphere which is appreciated. great to have sessions definitely with geopolitical considerations. will come back. Gregory Lorne, IFC TXF TRENDS FINANCING CASE STUDIES

DON’T STOP BELIEVING GOLD KOMGO, VAKT & FORCEFIELD: A YEAR IN PERFECT 10 DEALS OF THE YEAR REVIEW The TXF ‘Perfect 10 Deals of the Year’ With the Komgo, VAKT and Focefield awards aim to recognise and reward blockchain platforms now firmly established innovation in the commodity finance within the market, this session is a chance industry. In this exclusive case study stream to hear about the latest developments. we present a financing case study of two of Have the initiatives been a success so far the winning deals. and what impact have we seen on the A chance to hear what it takes to put market? together a winning deal, bankers, borrowers Kris Van Broekhoven, Managing Director, and law firms share their experiences of Global Head of Commodity Trade Finance, working on the deals and answer any and all CITI of your questions. The deals in focus will be revealed in February, upon announcement APPETITE FOR DESTRUCTION of the award winners. IDEA LAB: WILL UNSUSTAINABLE = Please contact: UNFINANCEABLE? henry. [email protected] for more As the sustainability movement gathers information on the Perfect 10 Deals of pace and ESG linked loans fast become the Year and how you can have your deal the norm, this idea lab proposes a scenario profiled. whereby sustainability is a pre-requisite for financing. • Could this soon be a reality and what would be the effect on the market? • Would financing remain a profitable business for banks • Would traders be able to adapt? Fabio Nehme, CEO, Nehme Commodities Philippe Penet, CFO & Treasurer, Sucafina

NETWORKING COFFEE BREAK

THE FINAL COUNTDOWN DEAL OR NO DEAL A unique session format created by TXF, ‘Deal or No Deal’ is a fun and interactive way to look at pricing and deal making within the commodities market. We present a panel of industry experts with a series of hypothetical commodity finance deals. Their task is to analyse the deal and decide: 1. Whether they would do the deal. 2. How they would price the deal. 3. Whether they would distribute the deal. The audience will then have the chance to cast their votes.

THE TERMINATOR CLOSING REMARKS & TOP TAKEAWAYS The conference chair provides a round-up of the key talking points from throughout the two days. A written report of the key discussion points will be circulated to all delegates after the conference. Jonathan Bell, Editor-in-Chief, TXF Pricing

Early bird rd Super early bird (expires 3 April 2020) Standard th February 2020) €3,599.00 (expires 28 €3799.00 €3399.00

The Team

Henry Nichol Content manager Ask me about how to share your ideas as a speaker, or apply for your corporate-rate ticket [email protected]

Charles Osborne Senior Relationship Manager Ask me about sponsorship, group bookings and how you can maximise your exposure [email protected]

Theo Amu Marketing Manager Ask me about media partnerships and your registration [email protected]

Gary Coates Operations Manager Ask me about accommodation and how you can get to the venue [email protected]