This document provides an overview of Tinmar, the largest private capital energy company in Romania. Some key points: - Tinmar has over 15 years of experience in the energy sector in Romania and internationally, with subsidiaries in 7 CEE countries. - It is the largest private supplier of electricity to industrial clients in Romania, supplying over 1,500 corporate clients. - Tinmar has significantly increased its turnover over the past 15 years to over €733 million in 2015. - In addition to energy supply, Tinmar's activities include renewable energy production, international energy trading across 21 markets, and supply of oil products in Romania and regionally.

1. Copyright Tinmar 2016
Tinmar View
You have all our
energy

2. You have all our energy
for your business
Reliability
Expertise
Flexibility

3. We are the largest Romanian
private capital energy company
15 years of
performance

4. 4
years of
performance
We are the largest
Romanian private capital
energy company
Tinmar is a solid Romanian entrepreneurial group with an
exceptional track-record over the past 15 years, in both the
local and the international markets.
At Tinmar Energy we are producing renewable
energy in the local market, we are trading energy
across over 21 international markets, and we are
operating as a modern energy service integrator
adding value to our clients’ businesses.
We are the private leader of the competitive
energy market in Romania, supplying electric
energy to the largest corporate customers,
including Daimler Mercedes, Kronospan, Lidl, Nepi
Invest, Metro Cash & Carry, Tuborg, Doosan IMGB,
Petrosantander, Arctic, Lukoil, Vodafone and
Carrefour.
At Tinmar Oil and Tinmar Gas, we offer oil products
and natural gas to customers in the local and
international industrial markets.
At a regional level, we are present with
complex energy, oil and gas trading and
supply operations through our subsidiaries
in 7 CEE countries.
As of 2016 we supply integrated energy
services and natural gas to domestic
customers.
Our vision is to be the best modern utility
service provider in the region.

5. 733
Turnover in 2015,
a 400% increase
from 2010
€ MN
1,500CORPORATE CLIENTS
IN 2016
#1
Tinmar Group, at a glance
Largest Romanian
private capital energy
company
3,303 GWh
to end consumers
7,671 GWh
on trading platforms
10,974
First Romanian
company listed on
the European Energy
Exchange in 2009
GWh TONS OF OIL PRODUCTS GWh NATURAL GAS
#1
167,000
Companies
in Romania
3
Subsidiaries
in Europe
7
Activities in over 21
CEE countries
(covering 85% of E.U.
territory)
491 GWh
to end consumers
1,662 GWh
to other customers
2,153
21
5

6. MW net
installed
capacity
solar
parks
6
We believe in renewables and we
invest in green energy production

7. 7
Our success is based on our driving values, which guide our actions and
reflect what we respect in every relationship with our stakeholders.
We are deeply grounded in
reality and believe in results,
and make decisions based on
clear facts that create a
positive impact and add value
to the lives and the
businesses of our clients.
We are trusted partners and
advisors, able to build
transparent, long-term and
equal relations with our
clients. We act in the interests
of our clients as if they were
our own, and represent them
with respect, fairness, and
competency.
For us, to be a true
professional in operating
modern utility services means
to be responsible,
well-informed, well-trained,
meticulous, precise and
organised. We incorporate
these principles into all our
relationships.
We are solution creators and
problem solvers for our
clients.
We are able to understand
our clients expectations,
supporting them with
successful relationships.
efficiency partnership rigor action-driven empathy

8. 8
15 years of activity in the
market has given us specialist
capabilities and expertise. We
have an exceptional
track-record and sizeable
portfolio of local and
international clients.
2015
Our
achievements
Record turnover:
over €733 mn
Portfolio of over 1,500 corporate clients in
Romania and in the region
Presence on 85% of the E.U. territory
»
»
»

9. Over 100,000
tons of oil
products
traded.
Marketshare
First
Romanian
company
registered
at EEX
First energy
supply
contractFounded in
Bucharest.
Oil products
activity
trading.
License to
supply
energy in
Romania
Commercial
activity in
Hungary.
License to
supply
natural gas
in Romania
Producer of
renewable
energy
Leader of the
liberalized
industrial
energy
market
Regional
energy
supplier .
Over 165,000
tons of oil
products
traded.
Presence in 85% of
the E.U.’s territory
with energy trading
activities
1%
2%
4%
5.50%
5.81%
8.41%
12.57% 10.27%
2001
2004
2007
2016
2015
€ 733 mn
2014
€ 541 mn
2013
€ 387 mn
2012
€ 309 mn
2011
€ 324 mn
2009
€ 95.5 mn
2008
€ 85 mn
2010
€ 176 mn
15 years of activity
9

10. 10
Service integrator
Tinmar has gradually developed its portfolio of services and
products. This has enabled us to become an important
regional supplier of electricity, natural gas and oil products,
and a local producer of renewable energy.
Energy supply to
industrial clients
Energy supply to
domestic clients
Energy trading
Renewable energy production
Gasoline and diesel supply
Bitumen supply
Thermal oil fuel and heavy
oil fuel supply
Natural gas supply
Natural gas trading

11. GR
SI & HR
BG
RS
RO
FR
HU
IT
CH
AT
CZ
SK
TR
11
Our international
operations
We are operating in
CEE through 7
subsidiaries which
provide complex trading
and the supply of
electricity, oil products,
and natural gas.

12. 2010
2011
2012
2013
2014
2015
800
600
400
200
0
2010
2011
2012
2013
2014
2015
60
45
30
15
0
Turnover
€ mn
Shareholders’
equity
€ mn
12
Financial achievements
In a highly competitive market context, Tinmar
succeeded in achieving increasing financial results
throughout its 15 years of activity.

13. Modern utility
services.
Integrated solutions.
Tinmar Energy
Tinmar Oil
Tinmar Gas

14. 14
We are the largest private capital
energy company in Romania with the
vision to be the best modern utility
service provider
in the region.

15. Modern utility
services.
Integrated solutions.

16. 70
110
170
300
500
900
473
807
1.153
2.500
4.600
7.000
939
1.404
1.404
2.086
3.677
3.303
2010
2011
2012
2013
2014
2015
16
We are the privately owned leader
of the local electricity market of
industrial clients
We have become the private company leading the energy supply
industrial market. We offer integrated utility services that add
value to the businesses of our clients.
Recently, we have been increasingly recognized as an important
energy supplier in the region, through our expanding activities in
countries such as Turkey, Bulgaria, Serbia, and Hungary.
Supplied
energy (GWh)
End
consumers
Supply
locations

17. Tinmar
10,27%
Electrica
Furnizare
14,72%
Alții
39,77%
17
Largest energy
consumers
2015 marketshare overview on
the free market E.ON Energie România 6,53%
CEZ Vânzare 5,39%
Repower Furnizare România 4,86%
Enel Energie 4,36%
Arelco Power 3,99%
Alro 3,60%
Transenergo COM 3,52%
OMV Petrom 2,99%

18. 18
Our clients are the leaders of the
major industries in Romania.
We have built an extended portfolio of
loyal clients, who chose us for the quality
of our services and for our approach,
always tailored to their specific needs.
»
»
We are supplying energy
to the largest companies
in Romania

19. 19
DAIMLER MERCEDES
Automotive
KRONOSPAN
Wood industry
LIDL
Retail
NEPI INVEST
Real estate
METRO CASH & CARRY
Retail
4,000
MWh/month
24,000
MWh/month
7,000
MWh/month
15,000
MWh/month
7,000
MWh/month
DOOSAN IMGB
Manufacturing
PETROSANTANDER
Oil & gas
ARCTIC
Home appliances
LUKOIL
Oil products
VODAFONE
Telecom
6,000
MWh/month
5,000
MWh/month
3,000
MWh/month
3,000
MWh/month
1,000
MWh/month
TUBORG
Beverages
2,000
MWh/month
CARREFOUR
Retail
2,500
MWh/month

20. 20
We have a significant and vast legislative and
operational expertise in the power supply market.
Our trade strategies assure our clients the most
convenient financial terms.
We have expanded our trading operations in 21 countries and
now cover 85% of the European Union energy trade market.
We are continuing our expansion, recently undergoing licensing
in new countries.
»
»
»
We trade energy in 21
European markets

21. HR
GR
SI
BG
RO
RS
RO
TR
SE
NO
UK
FR
HU
IT
CH
DE
DK
FL
AT
CZ
PL
SK
NL
BE
ES
TR
21
ROMANIA
HUNGARY
TURKEY
SERBIA
BULGARIA
GERMANY
AUSTRIA
CZECH REP.
SLOVAKIA
FRANCE
BELGIUM
NETHERLANDS
ITALY
GREECE
NORWAY
SWEDEN
FINLAND
DENMARK
SPAIN
GREAT BRITAIN
SWITZERLAND
CROATIA
POLAND
SLOVENIA
OPCOM
HUPX
EEPIAS
SEEPEX
IBEX
EPEXSPOT
EPEXSPOT/EXAA
OTE/PXE
OKTE
EEX
EEX
EEX
IPEX/EEX
EEX
EEX
EEX
EEX
EEX
EEX
EEX
EEX
CROPEX
POLPX
BSP
RO
HU
TR
RS
BG
DE
AT
CZ
SK
FR
BE
NL
IT
GR
NO
SE
FL
DK
ES
GB
CH
HR
PL
SI
COUNTRY TRADING
License pending
License pending
License pending
SUPPLY EXCHANGE

22. 2010
2011
2012
2013
2014
2015
1.445
2.815
3.071
3.058
506
1.411
1.627
972
7.458
3.781
10.974
7.671
Trading (GWh)
Total (GWh)
22
We have outstanding results
in energy trading
Over the past 5 years we have registered
a 800% growth in the trading and
delivery of energy in the European
markets.
In 2015, the total quantity of energy
delivered was 10,974 GWh, out of which
3,303 GWh was supplied to end
consumers with 7,671 GWh traded on
the energy markets.
The quantity of energy exported by
Tinmar in 2014 amounted to 11% of the
total energy export of Romania and one
year later, the quantity traded aboard
increased with 3%.

23. 23
Starting with 2016 we supply
energy to domestic customers
Following the energy market liberalization,
Tinmar started to provide energy to
domestic customers also.
We offer an authentic
interaction with our customers:
one that is prompt and
friendly. Thus, we are capable
of keeping our promise “At
your service with all our
energy”.

24. 24
We have maintained solid partnerships with reputable,
specialized companies, which can guarantee safe, high-quality
services provided by specialists, at the best prices.
Tailored-made packages
for your company’s
employees
Our offer includes integrated
services subscriptions at
affordable prices.
Our free benefits included in our
offers assure all the comfort, as it
follows:
• Compensation in the case of
appliance damage caused by Voltage
fluctuations
• Exemption from paying energy bills in
the case of unexpected events at the
workplace
• Emergency interventions executed by
authorised specialists in the case of
damage occured at our clients house:
electrical, gas, sanitary, thermal and
sewerage
• Emergency locksmith interventions in
the case of broken doors or a locked
entrance door house.
With our packages of integrated solutions, we
offer our clients tailor-made energy subscriptions
and new services for their safety and comfort.
With Tinmar Smart Home we
deliver solutions designed to
help our customers keep
control of the energy
consumption in their homes.
With Tinmar Reparator we
offer prompt support to our
customers for appliance and
electrical repairs.

25. 25
We invest in
renewable energy
In our activity, we focus on keeping a
balance between economic growth,
environment protection and
alternative sources.
We took a strategic decision in 2012
to invest € 75 mn in photo-voltaic
parks.
Thus, at the end of the same year, we
started to produce renewable energy.

26. Târgu-Jiu
Râmnicu
Vâlcea
Craiova
Giurgiu
București
26
The future.
Straight from the source.
We have built and own 50 MW installed
capacity of photo-voltaic power plants
in the south of Romania.
Presently, we can provide green energy,
produced by our company, to a city like
Sibiu for an entire year.
In 2015 alone, 35% of the total
energy we supplied to our end
consumers was green energy –
coming from our own production and
other producers of renewable energy.

27. Modern utility
services.
Integrated solutions.

28. 76.443
50.000
0
100.000
150.000
200.000
119.317
131.146
166.639
200.000
Tone
2012
2013
2014
2015
2016*
28
We have 15 years experience
in providing oil products and services
Tinmar first started by trading oil products in
2001 and then improved and increased its
activity setting the groundwork for the
Tinmar Oil company.
We maintained steady growth — sold over
165,000 tons of petroleum products in 2015.
We estimate a sales growth of 20% for the
next period.
Starting with 2016 we are supplying energy
for regional clients — in countries like
Hungary, Bulgaria and Serbia.
* Volumes for 2016 are estimated.

29. 29
Tinmar Oil — a qualified, flexible,
and prompt partner for your
business
We are able to adapt to the
economical specifics of your business
and constantly keep pace with the
demands of the market.
Our Tinmar Oil experts have the best
technological know-how, enabling
delivery of the best solutions, by
analyzing in real time all variables and
options.
We deliver in a rapid and professional
manner premium products at
competitive prices.
Our clients benefit from a high
degree of flexibility in managing
financial and commercial operations.
flexibility
availability
reliability
viability
continuity

30. ROMÂNIALR
R
L
L
O
O
O
L
O
M
O
L
R
O
M
R
R
R
L
M
R
L
O
București
Giurgiu
Ploiești
Constanța
Cluj-Napoca
Timișoara
Craiova
Bacău
Brașov
Oradea
Șimleul
Silvaniei Bistrița
Năsăud
Deva
Râmnicu
Vâlcea
Vatra Dornei
Bacău
București
Cluj
Deva
Isalnița (DJ)
Ploiești
Timișoara
Arad
Craiova
Mogoșoaia
Năvodari
Șimleul Silvaniei
Vatra Dornei
Zărnești
Arad
Bistrița Năsăud
Brașov
Cluj
Constanța
Ploiești
Râmnicu Vâlcea
Tileagd
Oil Terminal Constanța
Giurgiu
OMV Rompetrol
Downstream
Lukoil MOL
România
O R L M
Depozite de carburanți
30
Tinmar Oil products
Our commercial offer includes a wide
range of petroleum products, available
in depots all over the country:
• gasoline
• diesel
• bitumen
• thermal oil fuel
• heavy oil fuel
We provide rapid delivery
across the country and abroad.

31. SERBIA
ROMANIA
HUNGARY
Budapest
Belgrad
Ploiești
31
Bitumen depots
Vega Refinery, Ploiești
Orlen Depot, România, Florești
Romania
Mol Refinery, Szazhalombatta, Hungary
Hungary
Pancevo Refinery, Serbia
Serbia

32. Modern utility
services.
Integrated
solutions.

33. Quantity (GWh)
0
1.000
2.000
3.000
4.000
2016*
2015
2014
33
Exponential growth in
natural gas delivery
In March 2008, Tinmar acquired the Gas Supply license
in Romania, aiming to become an integrated supplier of
energy and natural gas.
In 2014 we delivered 77 GWh for 70 end clients.
In 2015 we achieved exponential growth, delivering
2,153 GWh to over 200 clients.
Clients
* Volumes for 2016 are estimated.

34. International
Accreditation
& International
Standards

35. Tinmar supply energy to the largest
companies in Romania, supporting their
success in the market. Equipped with
specialised know how and competitive
skills, we have become the leader in
energy supply for industrial clients.
We are at your service, through 5 local
and international offices in Europe.
»
»
You have all our energy
for your business

36. Contact
Copyright © Tinmar 2016
TINMAR GROUP
HEADQUARTERS
Sky Tower, Calea Floreasca
nr. 246C, Et.17, București,
Sector 1, Romania
office@tinmar-energy.ro
office@tinmar-gas.ro
office@tinmar-oil.ro
+40 21 318 07 72
+40 21 318 07 71
0800 410 065 TelVerde
TINMAR
ENERGIAKERESKEDŐ KFT.
Regus Bank Center, 1054
Szabadság tér 7, Budapest,
Ungaria
office@tinmar.eu
+36 1 474 81 09
+36 1 474 81 81
TINMAR
ENERGY D.O.O.
Makedonska 30/2, Belgrad,
Serbia
office@tinmar.eu
+38 1 692 808079
TINMAR ENERJI TICARET
LIMITED SIRKETI
Tomtom Mah. Istiklal Cad.
189/3, Beyoglu/Istanbul,
Turkey
office@tinmar.eu
+90 212 9631635
+90 212 9631341
TINMAR
SUPPLY E.O.O.D.
3, Byalo Pole St., 2nd floor,
Manastirski Livadi-Zapad
Quarter, Sofia, Bulgaria
office@tinmar.eu
+40 728 699 999