Hedging Fuel

THE AFONSO / EASTON GROUP

APNA TRUCK SHOW 06/15/2013

Over a Decade of Rising Prices

Crude Oil Prices Drive Gasoline and Diesel Prices

Per Capita, North America Consumes 8 times more than Asia

The Afonso/Easton Group

• Only Institutionally-backed risk management group in Western Canada

• Uniquely positioned to assist businesses with fluctuating energy costs

• Able to provide access to wholesale markets in Eastern United States

Rising fuel costs have a significant impact on the trucking industry

Fuel represents the largest cost for trucking operations

Stockpiling Oil is not the Solution

Hoping and Praying will not work either

A proper risk management strategy can work

Use Seasonal Supply and Demand Patterns to manage risk

Benefits of Risk Management with the Afonso/Easton Group

• Mitigate energy cost risks• Add another layer of expertise • Implement internal cultural changes • Implement prudent risk management processes• Reduce costs• Increase revenue• Provide reliability to cash flows

What Do These #s Mean?

• 1• 3,000,000,000• 1• 1