Why Are We Doing This?

NextLeap Presentations

• Why are we doing this?

• Where are we going?

• What are we doing?

• What is everyone’s role?

Learning Points

1. The concept of a global enterprise

2. Our foundations

3. The need to change

4. Reasons for changing

5. The need to know where we are going

Time

How Companies Grow

Young Mature

Small

Large

Age of Organisation

Size

Revolution: Stages of Crisis

Low-growth

Medium-growth

High-growth

Business Plan

1. Purpose of the Document

Union-Transport has been established as the platform for the development of a global logistics and freight forwarding operation. The industry has

activities.

In order to compete in the current environment, logistics and freight forwarding organisations need, sophisticated information technology (IT), a global network of offices, buying power with carriers as a result of increased volumes and the capability to handle air and surface transportation modes. Warehousing capabilities and global quality management processes are additional requirements.

During the last

In this document, Union-Transport sets out to raise USD 20 million to fund the initial cash requirements of an acquisition programme. The currency for further funding will be achieved by listing on a recognised stock exchange such as Luxembourg or the Alternative Investment Market (AIM) in London. The listing will be moved to a major market at a future date.

The current valuation of Union-Transport

Goals for the Year 2001

1993 Costa Rica Goals when our Revenues were $160 million/year

Revenue US$ 1 Billion

Growth through sales and strategic acquisitions

Solutions through technology

Operating Profit UD$ 35 millionEarnings US$ 25 million

Market Capitalisation US$ 500 million

Burning Platforms

Global Network

Information Technology

Sales, sales, sales

Costa Rica - 2001

18 met in Costa Rica, in 1993:

Tiger Wessels Roger MacFarlane

Alan Draper Peter Thorrington

Walter Mapham Gordon Abbey

John Hextall Dieter Kraus

Klaus Steinhoff` Claudia Gerlach

Gene Ochi John Locke

CMH

Continental

Union Air Transport

Gerlach

Transtec

FMI Australia

Super Air Express

Fashion

Swift

BTG Logistics

HZ Bernstein

GM Miller

Uniserv

Global Network Including Network Partners

1994 1997 2001

43

118

212

Offices Owned

1994 1997 2001

31

94

143

Countries Served

Global Enterprise Initiatives and

Processes

Technology Infrastructure

Strategic Customers

Spalding Bristol-Myers Squibb BayerToyota Ford and Landrover Tyco3m Estee Lauder Bell EquipmentHitachi Ashanti Goldfields Exxon MobilGeneral Motors MCI Worldcom LearDow Corning Polo Ralph Lauren MerckAdidas Liz Claiborne John DeerSara Lee Smiths Manufacturing BASFDaimlerChrysler General Electric PanasonicPepsi Bausch & Lomb Dimension DataWrigley Segrams

Revenue

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

'95 '96 '97 '98 '99 '00 '01

Million

Fiscal years ended January 31

Net Revenue Growth

Fiscal years ended January 31

$100

$150

$200

$250

$300

$350

FY96 FY97 FY98 FY99 FY00 FY01

Millions

$167$177

$187

$208

$246

$302

Net Revenue Growth

Fiscal years ended January 31

$100

$150

$200

$250

$300

$350

$400

$450

FY96 FY97 FY98 FY99 FY00 FY01

Millions

1996 Base currencyRevenue

EBITDA

$19.3$22.4

$24.5

$32.7

$41.4

$0

$10

$20

$30

$40

$50

FY97 FY98 FY99 FY00 FY01

Millions

Fiscal years ended January 31International Accounting Standards (IAS)

Fiscal years ended January 31International Accounting Standards (IAS)

Millions

$0

$5

$10

$15

$20

$25

$30

FY97 FY98 FY99 FY00 FY01

$25.2

$20.5

$16.4

$12.5

$9.0

Earnings (before Amortisation of Goodwill)

1993 vs 2001

1993 2001($m) ($m)

Revenue 164 863

Net Income 1 25

Owners Equity 8 189

Cash 3 62

Market (Value) Capitalisation 30 435

Number of Network Offices 46 427

Number of Employees 750 6,890

Goals for the Year 2000

1993 Costa Rica Goals when our Revenues were $160 million/year

Revenue US$ 1 Billion

Growth through sales and strategic acquisitions

Solutions through technology

Operating Profit UD$ 35 millionEarnings US$ 25 million

Market Capitalisation US$ 500 million

Name

®UNION-TRANSPORT

Shares Offered: 5,405,000 (inclusive of underwriters overallocation option)

Price: $15 per share

Proceeds (net of expenses): $ 76.9 million

Trading Range: $14.75 - $20.14

NASDAQ Ticker: UTIW

Date of Listing: 2 November 2000

Recent Price: $15.46

Market Capitalisation: $382.5 million

Fiscal Year End: January 31

Offering Summary

Long Term Focus ®UNION-TRANSPORT

Market Trends

Rising demand for information

Number of suppliers per customer

Global enterprise offerings

Demand for bundled services

Merging of vendor / competitor roles

Increase in e-transactions

Ongoing weakness of some currencies

Our People

Preserve the core AND Stimulate progress

Our Purpose

We Deliver Competitive Advantage

to our Customer's Global Supply Chain

Guiding Strategies

HG

IP S

Strategies

G H LOBALGrowth

PI REDICTABLEPerformance

Intelligent NFORMATION

USTLEReturns

World class

SSupply Chain OLUTIONS

Differentiators

Aim Ready Fire

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