BIOPETROL INDUSTRIES AG

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Vision for a better environment

• Q1 / 2008
• BIOPETROL INDUSTRIES AG
• May 20th, 2008
• Klaus Henschel CEO
• Gordon Mehrtens CFO

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Disclaimer

• This document has been prepared by BIOPETROL
  INDUSTRIES AG (or the Company) solely for use
  for the presentation held in connection
• herewith. It is furnished to you solely for your
  information, should not be treated as giving
  investment advice and may not be reproduced or
• redistributed, in whole or in part, to any other
  person.
• This presentation and the facts and information
  contained here in are as up to date as is
  reasonably possible and subject to revision in
  the future.
• The information contained in this document has
  not been independently verified. No
  representation or warranty expressed or implied
  is made
• as to, and no reliance should be placed on, the
  fairness, accuracy, completeness or correctness
  of the information or opinion contained herein.
• The Company or any of its shareholders,
  affiliates, advisors, employees or
  representatives shall have no liability
  whatsoever (in negligence or
• otherwise) for any loss arising from any use of
  this document or its content or otherwise arising
  in connection with this document.
• This document does not constitute an offer or
  invitation to purchase or subscribe for any
  shares and neither shall any part of it form the
  basis of
• or be relied upon in connection with any contract
  or commitment whatsoever.
• In particular, the securities of the Company have
  not been registered under the United States
  securities laws and may not be offered, sold or
• delivered within the United States or to U.S.
  persons absent from registration under or an
  applicable exemption from the registration
• requirements of the United States securities
  laws. Neither this document nor any copy of it
  may be taken or transmitted into the United
  States
• nor distributed in the United States. Any failure
  to comply with this restriction may constitute a
  violation of the U.S. securities laws.
• This document is being distributed in the United
  Kingdom only to investment professionals falling
  within article 19(5) of the Financial Services
• and Markets Act 2000 (Financial Promotion) Order
  2005 (the Order), high net worth companies and
  other persons to whom it may be lawfully

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Vision for a better environment

• Financials
• Company
• Market
• 10 Facts About Biodiesel

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Highlights Q1/2008 Lowlights
Q1/2008

• Ongoing B99 imports from the US more than 1.5
  mln. mt expected in 2008 ? margin pressure!
• Increase of B100 tax to 0.15 c/l in Germany from
  01/01/2008 killed the B100 market served from
  European biodiesel production.
• Very volatile commodity markets driven by
  speculation.
• High investment and personnel costs during
  build-up phase in Rotterdam, whilst no revenues
  yet.
• Negative Cashflow from operations (-14.7 mln. )
  mainly due to increase of working capital (-11.1
  mln.) and operating losses.

• Ongoing growth strategy Sales revenues 33.6
  
• Glycerine prices remained strong
• Biofuels industry consolidation process has
  started
• Non-German share of sales revenues gt 43.5
• Business adapted to more trading making use of
• the organizational and logistical strength.
• Rotterdam project considerably progressed
  start-up
• 2nd half 2008
• With a total glycerine refining capacity of
  nearly 100,000
• mt/a from end of 2008 Biopetrol will no.1
  producer of
• refined glycerine in Europe and no. 2
  worldwide
• Although German government stopped E10
  (Ethanol)

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Strong And Rising Sales Share Abroad

• hh

• mmmmmmmmmm

Regional break down of revenues (3 M)
Sales revenues by product groups (3 M)
6.7
2.7
56.5
43.5
90.6
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Figures Above Industry Average Despite High
Investment Costs
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Strong Financial Situation
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Convertible Bond Secures Investments

• Main reasons for changes in cash flows
• Net Cash from operation activities mainly due to
  increase of working capital (-11.1 mln.) and
  operating losses.
• Cash flow from financing activities First annual
  interest payment of the convertible bond (issued
  February 21st, 2007)
• Volume 75 mln.
• Conversion price 10,1382
• Coupon 4
• Maturity 5 years

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Vision for a better environment

• Financials
• Company
• Market
• 10 Facts About Biodiesel

An ecologically and economically company
supplying alternative energy
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International and Industrial Approach of BIOPETROL

• Rostock / Germany
• (in operation since 12/2006)
• 200,000 t/a Biodiesel

• Rotterdam / The Netherlands
• (under construction,
• start-up 2nd half 2008)
• 400,000 t/a Biodiesel
• 60,000 t/a Glycerine

NL
D
Düsseldorf / Germany Services and RD
CH
Zug / Switzerland Headquarter

• Schwarzheide / Germany
• 150,000 t/a Biodiesel
• 30,000 t/a Pharmaceutical
• Glycerine

BIOPETROL will have an outstanding position in
the European biodiesel market with a total
biodiesel capacity of 750,000 t/a in 2008!
Growing 750 in 3 years!
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Clearly Focused Business Model Ensuring
Sustainability

• Procurement
• International sourcing of all raw materials
  flexibly
• Production
• Multi-feedstock, low-cost, high reliability
  (100), Quality DIN EN14214 and even higher AGQM
  standards Glycerine refining and upgrading
• Sales / Trading
• Balanced customer structure, integrated
  logistic concepts, exploiting the organisational
  and logistical strength in global buying and
  selling
• Logistics
• Deep-sea harbour locations with excellent
  logistics Water, rail, pipeline and road
• Sustainability
• Member of RSPO (Palm) and RTRS (Soy bean)

BIOPETROL Core Business
Procurement
Production
Sales / Trading
Market Oil Companies Wholesales Fleet Operators
Farmers Oilseed Cultivation
Oil Mills Drying Pressing Milling
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Company Structure Of BIOPETROL GROUP

• BIOPETROL INDUSTRIES AG
• Zug / Switzerland
• Shareholders Equity 76 mln.

100
100
100
100
100
BIOPETROL TRADING ZUG AG 2 mln. Share Capital
BIOPETROL SCHWARZHEIDE GMBH 15 mln. Share
Capital
BIOPETROL ROSTOCK GMBH 8 mln. Share Capital
BIOPETROL ROTTERDAM BV 8 mln. Share Capital
GLYCTEC GMBH 0.5 mln. Share Capital
100
BIOPETROL FINANCE BV 0.75 mln. Share Capital
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Our Mission

• 1. Increasing capacity for biodiesel and
  bioglycerine
• Rotterdam Start-up 2nd half 2008 / 400,000 mt/a
  biodiesel / 60,000 t bioglycerine
• A total glycerine refining capacity of nearly
  100,000 mt/a from end of 2008
• 2. Internationalisation
• Rostock and Rotterdam expand distribution and
  customer base
• German business share projected to reduce to less
  than 40 by 2008
• 3. Clearly focused business model
• Procurement/Production/Sales/Trading ongoing
  product focus on biodiesel and refined glycerine
• Operational excellence
• 4. Strong market position
• Multi-feedstock strategy, but sustainable
• Industrial scale, high reliability (100)
• Excellent logistic locations
• Producing premium quality
• ? Cost leadership

Join the ranks of leading European producers with
750,000 mt/a of biodiesel capacity and 100,000
mt/a biogylcerine!
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Vision for a better environment

• Financials
• Company
• Market
• 10 Facts About Biodiesel

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Rising Global Energy Demand

• Challenges
• CO2
• Meet the increasing demand for energy food
• Security of supply
• Reduce energys environmental and social impacts

High
Low
High
Low
Source Shell Global Scenarios 2004
Shell Long-Term Energy Scenarios 2001
100 Global primary energy demand in year 2000
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Oil Production Worldwide 1930 - 2050
Source Udall and Andrews, 1999 and Hiller, 1999
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Oil Market Consumption And Provisions
Source Tankstellen magazine, August 2007
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Oil Products Supply Demand Europe
HSFO
Naphtha
Gasoline
Jet/Kero
Diesel
Gas Oil
LSFO
LPG
Surplus
in '000 tonnes
Output ratio is fixed technologically
Deficit
Includes refinery investment to 2010 only
Source Wood Mackenzie

• Diesel deficit in Europe will increase to -60
  million tonnes per annum by 2015
• Biodiesel will become an integral part of demand
  coverage by means of blending (B5-B10-B20).
  Direct consumption (B100) demand depends on price
  advantage versus Diesel price.

The automotive and oil industries both support
biodiesel!
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Status of biodiesel blending in some European
countries
Source EBB
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Estimated Production Capacities / Demand

• Capacity in Germany

• Capacity in Europe

Capacity in Germany
Capacity in Germany
Capacity in Europe
Source Verband der Deutschen Biokraftstoffindustr
ie e.V.
2008/09 Diesel Demand 30,0 MMtpa B7 2,1
MMtpa Installed Capacity gt5,0 MMtpa
B100, Export
gt2,9 MMtpa
2007 Diesel Demand 30,0 MMtpa B5 1,5
MMtpa Installed Capacity 5,0
MMtpa B100,
Export 3,5 MMtpa
CO2 Reduction Potential Germany 2008 nearly 10
mln.t/a Europe 2008/9 nearly 20 mln.t/a
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International Biodiesel Challenges

• Feedstock sustainability
• Heavy capacity build-up worldwide
• B99 import into Europe (1.0 mln. tonnes in 2007 /
  1.5 mln. tonnes expected in 2008)
• Different political supporting systems for
  biofuels within Europe
• Negative publicity for biofuels has reached
  turning point. More and more objective statements
  in debate food vs. energy.

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Vision for a better environment

• Company
• Market
• Financials
• 10 Facts About Biodiesel

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01 BIODIESEL IS A COP COPRODUCT OFFOOD
PRODUCTION.
02 BIODIESEL HAS NO EFFECT ON FOOD PRICES, AND
IS NOT IN COMPETITION WITH FOOD PRODUCTION.
In BIOPETROLS production of biodiesel, we
ensure that there is no competition of any kind
between food and energy. On the contrary the
cultivation of additional oleaginous plants
ensures that not only more biodiesel, but also
more food can be produced. Demand for oilseeds
for the extraction of protein (e.g. for animal
feed in the livestock industry) has been rising
continuously, due to strong growth in the worlds
population. In addition, changing eating habits
particulary in Asia are causing an increased
demand for foods such as meat and dairy products.
The accompanying increased requirement for animal
feed for the growing numbers of livestock is
covered by the cultivation of oil plants
containing protein. The vegetable-oil
inevitably produced in the manufacture of animal
feed and of no use in the food industry can be
optimally exploited in the extraction of
biodiesel A source of energy which, with ist
outstanding environment balance, represents a
sustainable contribution to solving problems of
energy supply, is thus obtained as a coproduct
and by-product of the food chain.
The small share taken by biodiesel in the use of
oilseeds worldwide is responsible neither for
increases in the price of food, nor for food
shortages. World production of oilseeds has risen
in the last eight years from under 300 to 400
million tonnes. Of the 400 million tonnes of
oilseeds produced in 2007 334 million tonnes
(83.5) went to the food and
animal-food industry
56 million tonnes (14) to the oleochemicals
industry 10 million tonnes (2,5) to the
production of biodiesel Millions of people have
changed their lifestyle and their eating habits.
In the last sixty years alone, human numbers have
grown from 2.5 billion to 6.6 billion. Meat
consumption has doubled in the last 25 years and
is continuing to increase. These facts make two
things clear increases in food prices can be
ascribed almost exclusively to the increased
demand for food, and related food shortages are
almost entirely due to high and continously
rising demand from the oleochemicals industry.
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03 IN THE FUTURE ALSO, BIODIESEL WILL CONTINUE
TO BE AVAILABLE IN SUFFICIENT QUANTITY.
04 BIODIESEL FROM BIOPETROL REJOICES IN A
CLIMATIC BALANCE ALMOST FIVE TIMES BETTER THAN
THAT OF DIESEL FROM FOSSIL SOURCES.
Since biodiesel is produced as a coproduct of the
food chain, the raw materials base for the
production of biodiesel is growing at the same
rate as the area under cultivation for oilseeds
for the extraction of vegetable proteins. It is
estimated that 35 million hectares of set-aside
farmland are available in Eastern Europe. If
additional rape were to be cultivated on just a
quarter of this set-aside area, using crop
rotation, it would yield an annual production of
25 million tonnes of animal feed containing
protein, and an associated yield of vegetable-oil
from which more than 15 million tonnes of
biodiesel could be made. With this additional
quantity of biodiesel alone, the sought-after 17
blending quota would be met for the needs of the
whole EU.
The potential of biodiesel for CO2 reduction is
enormous compared with fossil fuels. Renowned
institutions such as the Institute für Energie-
und Umweltforschung Heidelberg GmbH (IFEU) (an
institute for research into energy and the
environment) have made clear statements on
reducing CO2 by means of biodiesel. Taking into
account the whole chain from growing to transport
to manufacturing, each litre of biodiesel saves
2.2 kg of CO2. If the total biodiesel production
capacity existing in Germany today 5 millions
tonnes were used, it would be possible to save
more than 12 million tonnes of CO2 annually,
making an effective and immediate contribution to
achieving climatic objectives. Biodiesel is a
high-quality, environmentally friendly fuel with
valuable hight-tech characteristics and, as a
coproduct of food production, makes a bridge to
the regenerative fuel solutions of tomorrow.
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05 THE RAPE FROM WHICH BIOPETROL
PRODUCES BIODIESEL IS NOT GROWN AS A MONOCULTURE.
06 NO TREE IS FELLED IN THE RAINFOREST FOR THE
SAKE OF BIOPETROLS BIODIESEL.
Sustainable rape cultivation, as promoted and
demanded by BIOPETROL, systematically avoids
monocultures and relies on the conventional
rotation of crops, in which each crop may only be
grown every three years. This yellow oil plant
has always been used for the active amelioration
of soil now, it is serving in agriculture as a
high-yield intercrop, alternating with wheat,
potatoes and other economically useful plants.
At the same time, cultivating additional rape
opens up further, previously unused land for food
production.
BIOPETROL emphatically rejects biodiesel made
from palm oil or other vegetable-oils obainted by
the over-exploitations of nature, particularly by
the clearance of the rainforest. Primeval forests
are considerable carbon dioxide sinks and are
irreplaceable assets for the global climate. Only
certified raw materials from sustaniable
cultivation may be used in the production of
biodiesel. As a member of the RSPO (Round Table
on Sustainable Palm Oil), BIOPETROL is vigorously
committed to this. Given these conditions, the
WWF (World Wildlife Fund, who co-founded the
RSPO), also considers biodiesel to be the correct
alternative to fossil fuels.
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07 BIODIESEL IS GOOD FOR AGRICULTURE AND
ENABLES SMALL FARMERS AROUND THE WORLD TO
PROFIT.
08 BIODIESEL IS A MODERN, HIGH-PERFORMANCE
FUEL..
With biodiesel, a farmer is also a player in the
energy sector and is no longer a slave to the
prices and quantities dictated by the producers
of processed foods and the large-scale
agriculture industry. The biodiesel industry
gives him an additional alternative market for
his oilseeds that, at the same time, guarantees
the optimal use of the vegetable-oils produced.
The cultivation of additional oil plants on
existing set-aside areas is the ecologically wise
alternative to subsidised landscape conservation,
which has no economic benefit. The cultivation
of oilseeds enables small farmers all over the
world to compete even against technically highly
equipped agricultural industries, and offers them
a way of operating profitably. This is a doubly
effective way to combat world hunger and poverty.
Among the biofuels available today, biodiesel has
the highest energy output. It has no difficulty
keeping up with conventional diesel. Moreover,
biodiesel possesses extremely powerful natural
characeristics that fossil fuels cant achieve
without a great many additives or costly
production processes. Biodiesel has a high
lubricating capability that extends engine life.
It is also naturally sulphur-free. Its high
oxygen content, 11 , enhances the combustion
process, so markedly less soot and fine particles
are generated. Residues in the engine are
reduced. Biodiesel has a higher cetane number
than fossil diesel fuel and, because of its
natural characteristics, it is good for the
engine and the environment.
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09 THE WHOLE RAPE PLANT IS USED.
10 BIODIESEL IS THE MOST IMPORTANT
REGENERATIVE FUEL, TODAY AND IN THE FUTURE.
When rape plants are exploited, it is not only
the oil-bearing seeds that are used complete
plants are included in the recycling process.
This yields raw materials that are used in
different areas high-quality animal feed
containing protein, an indispensable contribution
to the production of meat and milk, organic
fertilizers as valuable soil-ameliorating agents,
vegetable-oil for food production and, finally,
superfluous oil as a raw material for the
manufacture of high-quality biodiesel. During the
esterification process for the production of
biodiesel, bioglycerine is also produced. This is
a versatile useful and sought-after material for
the pharmaceuticals and food industries, and is
found in many everyday products. Ecologically
clean bioglycerine based on vegetable-oils thus
replaces glycerine made from fossil sources of
energy that emit CO2.
Biodiesel is technically fully developed and
enjoys a well developed production capacity.
Today, biodiesel is already the most important,
available, regenerative source of energy, with an
EU-wide production capacity in 2008 of more than
9 million tonnes. Biodiesel makes an essential
contribution to sustainable and independent
energy supply and to achieving the climatic aims
of the EU. By 2020, for example, regenerative
energy is planned to take a 20 share.
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Vergleichsrechnung BTL vs. Biodiesel
Biomasse Produktion
Biomasse
4.750.000
Nahrung
Biomasse
750.000
Biodiesel
Biodiesel
200.000
BTL
Biodiesel
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BIOPETROL FORUM BROCHURE

• Forum I launched in November 2007,
• first print run of 25,000 copies

• Forum II will launched on 21 May 2008,
• second print will run of 145,000 copies

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Key Financial Dates
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Vision for a better environment

• Thank you for your attention!
• Contact
• BIOPETROL INDUSTRIES AG
• Baarerstrasse 53/55, CH-6304 Zug
• Phone [phone]
• Mail info_at_biopetrol-ind.com

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