NUNAVUT EASTERN ARCTIC SHIPPING Inc March 25th 2008 NUNAVUT EASTERN ARCTIC SHIPPING INC. • NEAS is a majority Inuit owned company. The 3 Inuit organisations, Sakku Investment Corporation, Qikiqtaaluk Corporation, and Makivik Corporation, are Inuit Birthright Corporations formally mandated of behalf of the Inuit of their respective regions. They are mandated to administer the financial proceeds from the land claims agreements for social, economical and employment purposes. • Transport Nanuk is the managing partner. • NEAS complies with Article 24 of the Nunavut Land Claims Agreement. • NEAS complies with the NNI-Policy administered by the Government of Nunavut. SAKKU INVESTMENTS CORPORATION Sakku Investments Corp. (Sakku) is a for-profit organization owned by the Kivalliq Inuit Association (KIA). Under the Nunavut Land Claim Agreement, KIA is a designated Inuit organization with significant responsibilities for claim implementation, with Sakku serving as its ‘economic arm’ and deemed an Inuit Birthright Corporation. Since its incorporation in 1989, its mission is to build a viable and healthy economy for the Inuit of the Kivalliq region. QIKIQTAALUK CORPORATION Qikiqtaaluk Corporation, formed in 1983, is a wholly Inuit owned birthright development corporation created by the Qikiqtani Inuit Association to provide direct opportunities for Inuit in the Baffin region and outside. Balancing tradition with innovation, QC strives to improve the social and economic well- being of all people in the Baffin region by investing in or creating sound financial opportunities. MAKIVIK CORPORATION Since 1978, Makivik is the recognized Inuit Party to the JBNQ Agreement. It is a non-profit organization owned by the Inuit of Nunavik. Its central mandate is the protection of the integrity of the JBNQA, and focuses on the political, social, and economic development of the Nunavik region. 3 COMMITTED to OUR COMMUNITIES and OUR PEOPLE ACROSS the NORTH • NEAS has direct Inuit-ownership in the ships and equipment used to service the North. MV UMIAVUT . MV AVATAQ . The Tugs and Barges servicing our vessels . Our fleet of NEAS containers • NEAS offers Inuit investment $$ across the 3 regions. • NEAS provides real training and employment opportunities to local communities. 4 From Our Door to Yours OUR VESSELS AND THE NEAS CARGO SERVICE CENTER5 MV UMIAVUT and the MV AVATAQ Multi-purpose Vessels Bale Cubic 11,840 m3 LOA 113.16 m GRT 6 037 mt DWT 9 587 mt Capacity per year 42 000 m3 each 3 trips 14 000 m3 each Container Capacity 567 Teus Gear 2 x 50 mt Ice Class 1 Speed 15 knots Performs 3 trips each per season 6 MV AIVIK Ro-Ro / Lo-Lo / Heavy Lift Vessel Bale Cubic 13,388 m3 LOA 109.90 m (360 ft) GRT 7 048 mt DWT 4 860 mt Capacity per year 34 500 m3 1 Trip 10 500 m3 2 Trip 12,000 m3 Container Capacity 280 Teus Gear 2 x 155 mt (310 in tandem) Ice Class 3 Speed 13 knots Performs 3 trips per season 7 NEAS CARGO SERVICE CENTRE NEAS Cargo Service Center Our Service Centre is the largest packager servicing the North. Our experienced professional team can handle all your cargo needs. M.V. Umiavut We offer NEAS Terminal • Marshalling/Packaging • Crating • Sorting & Distribution • Containerisation Our facility is located directly beside where our ships load. This means less handling and piece of mind, knowing that your cargo is delivered and will be loaded on its intended vessel. ONE-SITE ONE-STOP CENTRE OUR MARKET 9 NUNAVIK – Northern Quebec Minimum of 2 deliveries to all ports 10 Nunavut Min. 1 delivery to High Arctic Min. 5 deliveries to Iqaluit Min. 2 deliveries to S. Baffin Min. 1 delivery to Foxe Basin 2008 Kivalliq Region 11 2007 SEASON • NEAS provided more scheduled stops in more communities, more often, than ever before. • NEAS offered 10 sailings making a record 64 stops providing vital re-supply services for communities across Canada’s Eastern Arctic. • NEAS customers benefited from our newest vessel, MV AVATAQ. • NEAS’ new vessel reflects our ongoing, long-term commitment to the North. • NEAS handled over 140 000 m3 of cargo for hundreds of customers including governments, agencies, individuals, stores, businesses, mining companies... 12 Marine Operations Our Successful Inuit Training & Employment Program . Currently, we have 4 Inuit deckhands on our vessels and have 2 open positions which we will fill for 2008. In 2008, we are increasing the scope of our program to include 12 candidates for training . We started our program in 2002 with the Nautical Institute at Nova Scotia Community College in Port Hawkesbury. We will be running our program again this winter/spring and are always looking for candidates. We retain many of our Inuit graduates, season after season. One deckhand has completed his 5th season. NEAS is committed to local training and employment and much of our success is due to the strong support we have received from Kakivak, Makivik and NTI. 14 2007 NEAS HIGHLIGHT • On July 13th 2007, NEAS held the official inauguration ceremony for our newest vessel - MV AVATAQ Mr.Michael Gordon, President of NEAS and Vice President of Makivik Corp., addresses crowd at inauguration 15 WHAT MAKES NEAS DIFFERENT ? . Our partners. NEAS partners are Inuit Birthright Corporations from each of the regions we service. We have real Inuit Investment $$. We have a proven and reputable Cargo Service Center. Our port facilities. More and more customers are moving to Valleyfield. We have the open space required for large mining projects and construction supplies. We offer a 15 MT lift in every community. We have offices and managers in both Iqaluit and Kuujjuaq. We have a successful and proven Inuit Training and Employment Program. 16 2008 KIVALLIQ Project 17 NEAS to service the Kivalliq starting 2008 • Finally, a true ONE STOP SHOP, full service marine carrier to handle ALL your sealift needs • Along with our present services to all ports in the eastern Arctic including Repulse Bay, NEAS will be providing sealift services to the communities of Arviat, Baker Lake, Chesterfield Inlet, Coral Harbour, Rankin Inlet, and Sanikiluaq. 18 What does NEAS offer you?? • Choice. The opportunity to choose • 15 metric ton lift capacity. We are the only carrier able to package, ship, and deliver this capacity to your door. • More sailings into the area, meaning more flexibility for you. • A proven track record, as the people of the Eastern Arctic, Baffin Island, and Northern Quebec can attest • The piece of mind of using our ONE-STOP-SHOP NEAS Cargo Service Center • The opportunity to invest dollars directly back into your local communities of the Kivalliq, through our partnership with Sakku Investment • The opportunity to ship your cargo on INUIT owned cargo vessels, the MV Umiavut and MV Avataq 19 MATNA THANK-YOU 20.