Fuelstream Business Summary

www.aviationfuelintl.com
A World-Wide Logistics Fuel Supplier
www.fuel-stream.com A World-Wide Fuel Supplier
Business Summary
2017
OTC: (FLST)

Fuelstream was incorporated in the State of Delaware on July 12, 1996. We are an in-wing and on-location
supplier and distributor of aviation fuel to corporate, commercial, military, and privately owned aircraft
throughout the world. We also provide a variety of ground services either directly or through our affiliates,
including concierge services, passenger and baggage handling, landing rights, coordination with local aviation
authorities, aircraft maintenance services, catering, cabin cleaning, customs approvals, and third-party invoice
reconciliation. Our personnel assist customers in flight planning and aircraft routing aircraft, obtaining permits,
arranging overflies, and flight follow services. We anticipate that worldwide demand for commercial, government
and private air travel will continue to increase and that small fuel resellers such as Fuelstream will be able to
compete in this fragmented but highly competitive marketplace by delivering exceptional customer service and
competitive pricing.
Company Background

In 2015, Fuelstream obtained a $2M revolving line of credit from NuVenture Fund I, LLC for fuel purchases, and
has the ability to expand the line of credit. Access to credit has and will result in more favorable pricing and,
consequently, improved margins. Additional credit lines in excess of $10M are also being developed as the
Company’s sales increase. Access to a stable credit provider will enable Fuelstream to service progressively larger
accounts and obtain larger discounts from fuel producers.
Access to Credit

Company Background – (continued)
We are governed by a board of directors, and are managed by Kenneth Denos, our Chief Executive Officer and
Secretary,andCheneGardner,ourChiefFinancial Officer. Our Vice President of Sales, Kevin Blanco, as well as his sales
team, are considered key members of our staff and are central to our growth and developments plans. Our
senior management team has more than 75 years of experience in aviation services, flight operations,
international finance, accounting and auditing, and legal. Our principal offices are located in Florida and Utah.
We also have offices in Johannesburg, South Africa, and affiliate offices in London and Istanbul.

We believe that air transportation will play a substantial role in the growth of worldwide trade, particularly in less
developed regions that do not have a cost-effective means of reaching deep water shipping ports or who are
seeking to expand same-day access to international trading markets. Domestically, aircraft utilization, whether for
passengers, freight, or corporate use, is closely correlated with the strength and growth of the U.S. economy.
According to the FAA Aerospace Forecast for Fiscal Years 2015 to 2024, the U.S. economy will grow at an average
annual rate of 3% for the next ten years. The world economy is expected to increase at an average annual rate of
3.1% over the same period.
Market

www.aviationfuelintl.comwww.thefuelstream.com
Transportation Fuel Industry
Exxon/Mobile - The Outlook for Energy: A View to 2030 Linkto Report
In a report covering global demand, the World Energy
Council predicts over the next four decades, the global
transportation sector will face unprecedented challenges
related to the growth in fuel demand.
Between 2015 and 2050, total fuel demand in all transport
modes will increase by 30%-82% over 2010 levels. This
growth is mainly driven by trucks, buses, trains, ships, and
airplanes.
The transport sector will depend heavily on gasoline,
diesel, and jet fuel; which currently comprised the bulk
(80%–88%) of the transport market.
Diesel will grow by
46% - 200%
Jet Fuel will grow by
200% - 300%

OVERVIEW
Providing Jet-A
Aviation Fuel to
thousands of
locations
worldwide
Fuelstream, Inc., is an operating fuel logistics company which currently
concentrates its supply chain management efforts in the aviation fuel products
sector. We are principally engaged in the marketing, sale and distribution of
aviation fuel products and related services on a worldwide basis. A partial
master supply contracts portfolio can be seen below:
Currently, a majority of the Company’s fuel and related services are
concentrated in the sourcing, purchase and delivery of (Jet-A) fuel, into the
wings of private and commercial aircraft at airports.

Market Outlook
We expect that a significant component of our future business will consist of fuel delivery to all-cargo commercial
freight carriers. This particular segment of the industry has increased its share of the freight market from 65% to 81%
over the past ten years. There are a number of recent factors that account for the relative growth of the all-cargo
sector. One such factor was the October 2001 FAA security directive that strengthened security standards for
transporting cargo on passenger flights. A second factor was the decision of the U.S. Postal Service to use all-cargo
carriers as a means to improve control over mail delivery. The all-cargo operator’s share of the cargo market is
forecast to increase to 84% by 2017.
We also intend to service the general aviation, corporate markets as well as both the national and international
government sectors through government and quasi-government contracts. The FAA Aerospace Forecast projects that
the general aviation turbine powered aircraft fleet will grow 4% annually through 2017, Moreover the very light jet
(VLJ) category is forecast to grow by 500 aircraft per year over the same time period. U.S. general aviation turbo jet
air taxi hours flown is forecast to increase at an annual rate of 10.2% through 2017.
We also provide fuel and related ground services to small airlines and aircraft charter companies. We expect that
emerging markets in Africa, the Middle East, and Asia will see a substantial increase in discount passenger travel
and aircraft chartering in the coming years.

Global Reach
Capitalizing on established network of intermediary service providers i.e. into-
plane agent, truck operators, fixed-base operators, inventory facilities, pipeline
facilities, etc. Fuelstream ensure the efficient, timely, and cost effective "into
wing" fueling of its customers aircraft at any of the over 2,000 airports around
the world.
Fuel Stream realizes the
importance of local
presence in fragmented
markets where true global
supply is provided by a
limited number of
companies worldwide.
Fuel purchase agreements with commercial customers (government,cargo, majors, etc.)
Standard International Air Transport Association contracts with all
international customers
Sells fuel on prepay basis as well as with credit terms
Worldwide Reseller of
Aviation Fuel (Jet-A).
Target Markets
In addition to its U.S. and South African offices, Fuelstream has established a
business presence through in-house account managers and dedicated
outsourced personnel in the following markets;
The Americas & Caribbean Europe Asian, Far East, Oceanic
South Africa & African Sub Continent Middle East
Office Locations:
Johannesburg, SA
Fort Lauderdale, Florida
Salt Lake City, Utah

South Africa & African Sub Continent
Asian Pacific Countries
Middle East
Through 2035, Asia’s GDP is expected to grow at 5.4% per year.
Over the next 20 years, the overall Asian Pacific freighter fleet is expected to
grow five-fold, rising from 16% of global fleet to almost 40%. Similarly, the
Asian Pacific passenger fleet is expected to grow threefold from 4,110 planes
to 12,200 planes over the next 20 years.
World Energy Council report
Target Markets
Global Average GDP is Anticipated to Grow 3.2% Annually
Through 2035, Africa’s GDP is expected to grow at 3.5% per year.
Africa is expected to have high growth for both passenger travel and freight,
at 5–6% per year with the number of planes expected to double from 660 to
1,130 by 2029.
Through 2035, the Middle East GDP is expected to grow at 3.9% per year.
The Middle East is expected to have a high growth for passenger travel and
freight, at 7% per year with the number of planes expected to more than
double from 950 to 2440 by 2029.

The Americas
Europe & Commonwealth of
Independent States
Target Markets
Through 2035, the GDP in the Americas is expected to grow at 2.2% - 3% per
year. Over the next 20 years, passenger travel in North America will increase by
3.4% a year, while freight will increase by about 5% a year. The number of
passenger planes is expected to increase from 6,590 to 9,000 airplanes.
As for South America, it is expected that the number of aircraft in the region in
2029 will be 2,770, up from today’s level of 1,130. Through 2029, air cargo traffic
is expected to increase by 6.9% a year, and the passenger traffic by 6.7% a year.
Through 2035, the World Bank expects GDP in the Eurozone to grow at 1.6% per
year. Through 2029, Europe and CIS air freight is expected to increase by 4.5%-
5% per year and passenger travel to grow by 5%-6% per year. The air fleet in
Europe is expected to increase from 4,300 to 7,460 airplanes, while in the
CIS, it is expected to increase from 1,150 to 1,300 airplanes.
World Energy Council report

Target Markets
Between 2015 and 2050, total fuel demand (as show on slide 3 of this presentation) in all transport
modes will increase by 30%-82% over 2013 levels. This growth is mainly driven by trucks, buses, trains,
ships, and airplanes: demand for these forms of transport is expected to increase by 64%-200%.
In addition, the transportation sector will still depend heavily on gasoline, diesel, and jet fuel, since
they all constitute the bulk of transport market fuels (80%–88%). The demand for these three fuels
will increase by 10%-68% over the scenario period. Most of the growth will be in diesel and jet fuel:
Diesel will grow by 46%-200%
Jet Fuel will grow by 200% to 300%
Fuelstream has established a national presence on the African continent,
particularly in South Africa, by employing its supply chain management
efforts in the aviation, marine, and land fuel products to several
medium sized passenger and freight airlines.
South Africa & African Sub Continent

Fuelstream ensures the efficient, timely, and cost effective in-wing fueling of its
customers aircraft comprised of two major types of aircraft operations –
Passenger & Cargo Carriers
Into-Plane AgentsTruck OperatorsFixed-Base Operators Inventory FacilitiesPipeline Facilities
Aviation Solutions
Fuelstream intends to establish service for marine fuel to major markets with a
consistent, flexible and reliable service that meets their needs globally from port-
to-port service.
Marine Solutions
Fuelstream’s transportation division specializes in the design, development and
execution of fuel supply chain solutions.
Fuel Transportation
From ocean going barges, tanker fleet operations and tank farms, Fuelstream has access to the equipment and
the expertise to provide solutions to satisfy the specific fuel procurement needs of each customer 24/7.

Projected Financial Information
2016
$24.0 M
$20.4 M
$ 3.1 M
$ 0.5 M
2017
$72.0 M
$59.0 M
$ 6.0 M
$ 7.0 M
2018
$150.0 M
$121.0 M
$ 8.0 M
SALES
Cost of Sales
Expenses
Net Income $ 21.0 M
$ 15.8 M
$ 15.0 M
$ 42.0 M
$ 34.2 M
$ 75.0 M
$ 49.0 M
Total Assets
Total Liabilities
Fuelstream prepays for the
fuel with a confirming
Purchase order.
Fuelstream is seeking to
finance domestic and
international transactions

Africa and Asia Expansion - 2016
$4,000,000
$2,000,000
$4,000,000
South Africa
Asia
Continental Africa
Jet-A Fuel
Purchases / Deposits
Increased credit
lines and
purchasing power
allowing FLST to
increase client base.

Management
Mr. Gardner, age 50, is the President of Chene C. Gardner & Associates, Inc., a company which provides accounting services and specializes in assisting public
entities with their filings with the Securities and Exchange Commission. Mr. Gardner has previously served as the Chief Financial Officer and Principal
Executive Officer of the Company. Mr. Gardner also currently serves as Financial Controller of several smaller public companies. Mr. Gardner also serves as
an executive officer and director of Start Scientific, Inc. Mr. Gardner also assists several non-public companies with their accounting functions. Mr. Gardner
has five years of auditing and accounting experience with the firm of Deloitte & Touche LLP from June 1990 to August, 1995, serving clients in the banking,
manufacturing, and retail industries. Mr. Gardner holds Bachelor and Master of Accounting degrees from Weber State University.
Chene Gardner- Chief Financial Officer
In addition to his role as Chairman and CEO of the Company, Mr. Denos, age 47, is presently a member of the board, Secretary, and Chief
Compliance Officer of Equus Total Return, Inc. (NYSE: EQS), a closed-end fund traded on the New York Stock Exchange. Mr. Denos also serves as
Chairman and CEO of Acadia Group, Inc., an international advisory and investment firm specializing in private and small-cap public companies in the
US and Europe. From 2009-2014 he was the Executive Deputy Chairman of London Pacific & Partners, Inc., an international healthcare and
hospitality advisory firm. Previously, from 2008 to 2009, Mr. Denos was a member of the Investment Committee of Pantheon Special Opportunities
Fund B, LLC, a UK-based mezzanine private equity fund, and from 2001-2009, he managed the portfolio of 27 small-cap investments for MCC Global
NV, an international financial services and investment conglomerate. For the past 18 years, Mr. Denos has served as a director or principal for
several small-cap public companies on the London AIM, OTC Bulletin Board, and the Frankfurt Stock Exchange, and has worked closely with many
public and private emerging growth companies throughout the world. In addition to a Bachelor of Science degree in Business Finance and Political
Science, he holds a Master of Business Administrationand a Juris Doctor from the University of Utah.
Kenneth Denos-Chairman & CEO

Management Cont.
Kevin Blanco - VP of Sales and Operations
Kevin Blanco graduated George T. Baker aviation school in the late eighties and received his aviation technician license from the FAA. Kevin has
always dreamed of working on airplanes and with his first job at a flight school in Miami he was able to not only work on airplanes but he also
learned to fly. Kevin has over 27 years of experience in aviation and over 19 years of running a successful business.
Arthur Steyn - Head of Sales – Africa and the Middle East
Arthur Steyn is the Company’s Head of Sales & Business Development in Africa. He has over 15 years experience in the aviation industry in various fields
ranging from Flight Operations, Safety & Quality Assurance. Arthur started his career with the South African national carrier South African Airways (SAA)
not long after school where he was employed to work in their scheduling department. His talent and willingness to learn was quickly recognised by the
Flight Operations department who offered him a position in Operations. After 6 Years at SAA rising through the ranks from Junior to Senior Operations
Controller, Arthur decided that it was time to take his career on a new path so he then went to work for one of the first 100% Black Owned Airlines
'Interlink Airlines', where he was directly involved in a variety of different tasks including Deportation Flights, VIP Flights, VVIP Flights, BIG 5 (President &
Ministers), Scheduled Flights, Charter Flights and Pilgrimage flights (Hajj & Umrah). After 4 years with Interlink Airlines he was offered a job at Lanseria
Airport to work for one of their biggest operators at that time, Allegiance Air who were doing contract work in Africa & Middle East. Not long after that he
was head hunted again by Global Aviation in 2011 to run their Station in Dubai. He also spent time in India, Sri Lanka, Afghanistan, Dubai, Ivory Coast,
Congo, Senegal as a Station Manager. Arthur went on to become the Operations Manager for Global Aviation.
He is now pursuing his passion for the transport industry with Fuelstream.
Johan Combrinck - Sales and Business Development – Africa and the Middle East
Johan J Combrinck’s work experience started in the Medical Industry with his love for giving back and for people as his primary drive and focus. He has
spent numerous years working in all aspects of the Health Care Industry, from Sales to Operating Theater Technician to Fleet Management. After this
Johan worked in the Transport & Logistics industry as a Fuel Sourcer and has been doing so for the past 4x years acquiring a huge data base of clients.
These clients vary from large Transport companies to intricate logistical movements and planning. He follow’s the markets and strategies for fuel trends
very closely and always has his ear to the ground for potential new ventures and business opportunities.

Board of Directors
Kenneth Denos - Chairman
John D. Thomas - Director
(biographical summary on previous slide).
Mr. Thomas, age 43, has practiced law specializing in general corporate law, securities, and international mergers and acquisitions for his law firm, John D.
Thomas P.C. since June, 2003. From April 3, 2014 to July 10, 2014, Mr. Thomas served as the Company’s interim Chief Executive Officer and Secretary. From
September, 2013 through December, 2013, Mr. Thomas served on the Board of Directors of Helmer Directional Drilling Corp, a filer of reports pursuant to
13(a) and 15(d) of the Securities Exchange Act of 1934. From March 2008 until March 2012, Mr. Thomas served as a member of the board of directors and
chairman of the audit committee of Bayhill Capital, Inc. (BYHL.OB), a filer of reports pursuant to 13(a) and 15(d) of the Securities Exchange Act of 1934.
From July, 2009 to May, 2011, Mr. Thomas served as a member of the board of directors of Vican Resources, Inc. (OTC: VCAN), a filer of reports pursuant to
13(a) and 15(d) of the Securities Exchange Act of 1934. Since August 2009, Mr. Thomas has been a member of the board of directors of London Pacific &
Partners, Inc. (OTC: LDPP), a Los Angeles and London-based investment and advisory firm specializing in healthcare and hospitality finance. In August, 2009,
Mr. Thomas entered into a settlement with the Commodity Futures Trading Commissionwherein Mr. Thomas consented to an order of permanent
injunction from his future involvement in commodity pools trading and commodities operations. Mr. Thomas holds a Juris Doctor degree from Texas Tech
University School of Law and is licensed to practice law in Texas and Utah.

Financial Partners
Wade Mitchell – NuVenture CEO
In addition to his role as Chief Executive Officer/Manager of NuVenture, Mr. Mitchell, age 50, is presently the managing partner of Western
Financial Consulting Services LLC and its wholly owned subsidiary Leland Capital LLC, a commercial mortgage broker. Mr. Mitchell also serves
as Chairman CEO and Manager of NuVenture Group, an international advisory and investment group of companies specializing in small
startup and mid-level companies in the US and South America. He also invests in numerous other businesses ventures. Since 1996 he has
been the Chairman CEO and Manager of TAZ Group LLC, managing various real-estate investment including a portfolio of senior housing
projects (sold in 2014). From 2008 to 2011, Mr. Mitchell was a member of the Loan Committee of Western Capital LLC, a US-based
commercial mortgage broker. From 1992-2000 Mr. Mitchell served as a director or principal for several small-cap public companies on the,
OTC Bulletin Board Stock Exchange, and has worked closely with many public and private emerging growth companies throughout the world.
In addition to a Bachelor of Science degree in Business Finance, Accounting and Economics, he holds a Master of Business Administration
from Brigham Young University.

Differentiators
Fuelstream is emerging as a leading aviation logistics supplier by providing
exceptional value to its customers and maximizing profitability.
Our global team of highly-experienced and professional aviation logistics
experts are available 24/7 to help with customer queries and offer customized
logistics (fuel) procurement solutions (via supply contracts) that cater to our
customer’s specifications and/or requirements.
Fuelstream continually
challenges industry practices
and provides leadership
through its progressive and
innovative approach to fuel
delivery.
Capable of securing fuel in emerging markets not serviced by incumbents
Establishing a worldwide network of supply availability and locations
Providing 24-hour live customer service access seven days a week
Providing aviation fuel on a global scale

Investment Highlights
Asset-Light Business Model
Relationships with leading asset-based suppliers and 3rd party logistics providers
Significant Scale & Scope
Geographic and end market diversity along with industry leading procurement of Fuel
Organic Growth Opportunities
International Joint Ventures with primary airline management and leasing companies.
Reduced Credit Risks
Airline management and leasing companies, supply pre-paid commercial accounts

Fuelstream Business Summary

Empfohlen

Empfohlen

Weitere ähnliche Inhalte

Was ist angesagt?

Was ist angesagt? (11)

Andere mochten auch

Andere mochten auch (20)

Ähnlich wie Fuelstream Business Summary

Ähnlich wie Fuelstream Business Summary (20)

Fuelstream Business Summary