Commodity hedging is frozen in time. Here is the solution.

1. THE PACE OF CHANGE IS ACCELERATING, YET
WE LIVE IN A HEDGING WORLD THAT IS FROZEN IN TIME
#hedgebetter

2. Futures
Broker
Exchange Ag
Options
Ag OTC Products Broker Selling
Everything
Managed Hedge
Relationship
1900s 1980s 1990s 2000s Today
WE ARE ENTERING A DIFFERENT ERA

3. IN THE LAST 9 YEARS 75% OF THE AG OTC PROVIDERS
HAVE DISAPPEARED
INNOVATION IMITATION APATHY
1999 2008 Today
3 OTC Dealers 12 OTC Dealers 4 OTC Dealers

4. • No innovation
• Excessive markups
• Lack of transparency
• Limited education
• Poor implementation of hedge products
THE CONSEQUENCES OF APATHY :

5. WHAT IS THE COMMON THREAD?

6. CLIENTS NEED HEDGE EFFECTIVENESS
The Opportunity to Innovate Has Arrived
Well Managed Portfolio Powerful OTC Hedge Advice Immediate Transparency Cost Savings Real Time Access & Analysis

7. Program Managed by Traders with Extraordinary Track Record
OTC Structure Modeling and Cost Analysis
Successful Implementation of Entire Program
OLD WORLD
Opaque Pricing
Being Pitched Random OTC Structures
Struggling to Understand Risk
Complexity too Difficult to Explain Internally
TACTICAL MANAGED HEDGE PROGRAM©
NEW WORLD
Fully Transparent Pricing
Managed Portfolio
Real Time Information on Portfolio
Ability to Collaborate with Managers

8. “Pack Creek's Tactical Managed Hedge Program is an elegant
solution to an old problem.”
- Eugene Faller, Head of Commodities, Marex Solutions

9. THE TACTICAL MANAGED HEDGE PROGRAM© IS HERE
The Way We Hedge Has Fundamentally Changed
#hedgebetter