Houston Tx, Nov. 13, 2012

The Chihuahua Pipeline

Mexican Energy New Perspectives on Energy Policy

and Gas Supply for Economic Growth

Octavio Berrón C.

1. Who is Fermaca Global?

With 50 years of history, Fermaca Global is a leading transporter of natural gas in Mexico, being the only Mexican company in this industry.

Today we provide transportation services to one of the key urban industrial areas in Central Mexico and we are building the most important, privately owned pipeline in the North, with interconnection to the USA.

Houston Tx, Nov. 13, 2012

By combining a wide range of products and services, including engineering, construction, project management, and SCADA control, with our know-how of the institutional and legal framework of the Mexican economy, we can guarantee long-term success in Mexico’s energy market.

LONDON, UK. NOVEMBER 7, 2012. PAGE 4

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UNDER CONSTRUCTION

CURRENT NG INFRASTRUCTURE

FERMACA CHIHUAHUA PIPELINE

FERMACA TGT PIPELINE

LNG IMPORT TERMINAL

2. Natural Gas Infrastructure

In Mexico

MEXICO CITY

EL PASO

CHIHUAHUA

SASABE

PUERTO LIEBERTAD

GUAYMAS

TOPOLOBAMPO

MAZATLAN

MANZANILLO

LAZARO CARDENAS

AGUAS CALIENTES

SAN LUIS POTOSI

TOLUCA

VALLADOLID

MONTERREY

REYNOSA

TORREON

GUADA- LAJARA

MORELOS

CFE RECENTLY AWARDED

LNG Costa Azul

LNG Altamira

Houston Tx, Nov. 13, 2012

3. Project Milestones and Status Dec ‘11: Project awarded to Fermaca

Jan ‘12: TSA sign & USD 30M STBL delivered 10 days after

Feb ‘12: Equity Contribution and Down payments to EPC and pipe suppliers

Feb ‘12: ROW acquisition starts: 382km 6 248 land owners

April ‘12: Project Finance Signing

May ‘12: Financial Closing

June ‘12: Pipe starts arriving to Chihuahua & EPC starts construction activities

Nov ‘12:

100% ROW O&S

100% Pipe @ site

61% Row clearing

42% welding

18% string and lay

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4. The Chihuahua Pipeline Financing/Players

Houston Tx, Nov. 13, 2012

Ind. Engineer

Insurance

Security

Legal US

Legal Mex

5. The Chihuahua Pipeline Financing/Description

Houston Tx, Nov. 13, 2012

Amount: USD 378M (among 7 Banks)

Structure: 7 year Miniperm (2+5)

Balloon: +/- 80%

Cash sweeps: Last 2 years

IRS requirement: 75% provided by bank group

Other requirements:

Minimum and average DSCR

DSRA funded by COD

Limitations for Change in Control during construction

Other customary (R&W, Guaranty Package, etc).

Current Status:

We are @ 8th monthly draw request, and flowing normally.

6. Project Financing Challenges

Houston Tx, Nov. 13, 2012

First Pipeline Project Finance in Mexico in the recent years.

Row acquisition process.

Large group of banks

VAT independent financing

Security in Mexico

7. Graphic Update

Houston Tx, Nov. 13, 2012

7. Graphic Update

Houston Tx, Nov. 13, 2012

7. Graphic Update

Houston Tx, Nov. 13, 2012

7. Graphic Update

Houston Tx, Nov. 13, 2012

www.fermaca.com.mx | letstalk@fermaca.com.mx | +52 55 5148 6700

Welcome to Mexico. Call us if you need directions.