/ 08 March 20161

All Aboard! China Leads as Project Cargo Rides a Global

Rail Boom

Breakbulk ChinaShanghai, 17 March 2016 Teresa LehovdHead of Market IntelligenceHöegh Autoliners Film

/ 08 March 20162

Mega Forces Drive Rail Growth Across the World

/ 08 March 20163

SmartMobility

Population

IndustrializationEconomy

Environment

UrbanizationConnectivity

600+ Projects: Urban Mobility Projects Dominate

/ 08 March 20164

Source: Railway Technology

MLR

HSHR

Rail Projects Boom in All Parts of the World

/ 08 March 20165

Source: Railway Technology

/ 08 March 20166

China to Spend More at Home and Grow Exports

/ 08 March 20167

Foundations of China’s Global Expansion

/ 08 March 20168

One Belt, One Road: Stimulus for Global Rail

/ 08 March 20169

Economic Corridors on the One Belt, One Road

A New Era for Eurasia

/ 08 March 201610

Baku-Tbilisi-Kars Railway KazakhstanMetro: Almaty; Astana LRAlmaty-Astana HS

Georgia: Tbilisi Railway Bypass AzerbaijanBaku metro

RussiaMetro: Kazan, MoscowLR: St. Petersburg HS: Moscow-Kazan; Beijing-Moscow; Vladivostok-Hunchun

Mongolia547 km Erdenet - Ovoot railwayfrom northern Mongolia to China

Turkey3.500km HS1.000km mainline24.000km upgradesExtending urban networks in allmajor cities

UzbekistanTashkent-Samarkand HSPap-Angren railway project

Europe: 290+ Upgrading and Extension Projects

/ 08 March 201611

UK90+ projectsHS2Crossrail 2Great WesternThameslinkLondon SubwayUpgrade

France40+ projects

Spain20+ projects

Other: 85+projectsRail BalticaSerbiaBelgrade metroReconstruction ofBudapest-BelgraderailwayMacedoniaModernization ofnational rail system

Germany35+ projects

Italy15+ projects

Rail Drives Economic Transformation in GCC

/ 08 March 201612

GCC: Unprecedented Scale - $250bn Rail Spend

/ 08 March 201613

Saudi Arabia $100bn19 lines including GCC Rail Linkconnections9.900km new rail linesA metro in every major cityRiyadh Metro: World’s largestmetro project

UAE $32bn1.200km National Network(Etihad Rail)Metro & Light Rail expansions

Oman $16bn2.240km National Rail Network

Bahrain $8bnBahrain Rapid Transport Network

Kuwait $20bnMetropolitan Rapid Transit574 km National rail

Qatar $62bnQatar Integrated Transport Project

GCC rail network $15,4bnCross-border coordination

Other Middle East: Iran Plans $25bn in Rail Spend

/ 08 March 201615

IranMetro: Teheran, Shiraz, Mashhad,Qom monorailHS: Tehran-Isfahan HR: Iran-Armenia RailElectrification of the 900km rail linefrom Tehran to Mashhad

PakistanChina-Pakistan US$ 46bn EconomicCorridorIslamabad ExpressKarachi Circular RailwayLahore Rapid Mass Transit

IraqConstruction and rehabilitation of sixmajor rail lines

AfghanistanHairatan-Uzbekistan Rail Project JordanAqaba-Syria RailwayZaqra-Iraq RailwayJordan-Saudi RailwayAmman Queen Alia Light Rai

LebanonBeirut-Tabarja project

ASEAN: Focus on Regional Integration

/ 08 March 201616

Thailand-Laos-China HS Singapore-KL HSThailand-MyanmarKunming (China)-Singapore

Vietnam: Hanoi & HCM citymetro; Hanoi Urban Rail

Thailand Bangkok-Chiang Mai/Pattaya HSRayong-Nong Khai rail; Bangkok Mass Rapid Transit,Metro, Skytrain, SuvarnabhumiAirport Link

Myanmar Long Distance Rail BangladeshDhaka Mass Transit

SingaporeSingapore Light Rail extensionsCross Island Line

PhilippinesHS; North-South Commuter Railway;Manila Light Rail; Manila metroextension;

IndonesiaJakarta-Bandung HS Jakarta East-West Line Mass RapidTransitIndonesia Private Freight Corridor

MalaysiaKL MRT Line 2; KL monorail; KualaLumpur Airport Express

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N. America: Push for Light and HS Rail

/ 08 March 201620

USA HSCalifornia (LA-SF-LV), Florida,Dallas-Houston, Illinois,Southeast HS

USA Light RailExtensions: Boston, Denver, LA,Las Vegas monorailAtlanta Streetcar ProjectBaltimore Subway and LRCincinnati StreetcarDallas Area Rapid Transit Canada

Toronto Transit Subway & StreetcarVancouver Sky TrainOttava Light TransitFinch Light Rail

USA Metro extensionsAtlanta, Baltimore, Boston, Austin,Chicago, Houston; NY, Washington,LA

USA HRAlameda Freight Line CorridorCotton Belt Regional Rail CorridorEast Rail Line Denver

MexicoMexico City-Toluca HSMexico City Rapid TransitGuadalajara Light Rail

S. America: Many Projects are Delayed

/ 08 March 201621

Bioceanic railway corridorWest CoastChile: Santiago metro Colombia: Bogota metro Phase 2; CerroVerdePeru: Lima metro Line 4; Tren de laCosta Freight RailEcuador: Metro de QuitoCentral AmericaDominican Republic: Santo DomingometroPanama: Metro line 3; Panama LRTGuatemala: Tren del Pacifico FreightRail, Guatemala City Urban Train,Fegua rail networkPuerto Rico: San Juan Tren UrbanoCosta Rica: Light Rail in San Jose Cuba: Opening up for business

East CoastBrazil Metro: Brasilia, Sao Paulo, Rio deJaneiro, Salvador, Fortaleza, PortoAlegre; Curitiba, Espirito Santo,Ferronorte, State of Ceara RegionalRail SystemSao Paulo monorailArgentina: HS; Buenos Aires metroVenezuela: Metro: Caracas, LosTeques; Tinaco-Anaco RailwayParaguay: Ciudad del Este-Pilarailway

/ 08 March 201622

Africa: Renewed Push for Rail Development

/ 08 March 201623

Nigeria: Abuja-Kaduna Rail Line;Lagos Rail Mass Transit, KadunaMass TransitGhana: Accra Light Rail; Accra-TemaRailwayCameroon: Edea-Kribi-Lolabe RailAngola: Lobito-Luao LineKenya: Mombasa-Nairobi; SGRNairobi-Malaba/KisumuTanzania: Dar es Salam Rapid TransitSystem; Dar es Salam – landlockedcountriesRwanda / Burundi / Tanzania1.671km Dar es Salam-Rwanda-Burundi RailwayEthiopia: Awash Woldia/Hara GebeyaRailway, Addis Ababa tram

Namibia / BotswanaTrans-Kalahari RailwayS. Africa: Gautrain Rapid Train;Mpumalanga to Richards Bay FreightCoal LineMoloto Rail Corridor

Morocco: Tangier-Casablanca HS;Casablanca tram, Rabat-Salé tram;Light and heavy rail developmentsAlgeria: Algers metro; Oran and Setiftram; Other Light Rail

Egypt: Cairo Metro Line 4; Alexandria-Aswan HS; Light rail Cairo - 6thOctober CityTunisia: Tunis Light Rail

Boom Time for Light and Freight Rail in Australia

/ 08 March 201624

M LRGold Coast Rapid Transit

SystemSydney: Major networkextensionAdelaide: A number ofextensionsCoast-to-CoastCBD and South East LightRail, SydneyCraigieburn Rail ProjectDarra-to-SpringfieldTransport CorridorEpping-Chatswood Rail

CanberraMelbourneNewcastlePerth: MAX(Metro AreaExpress); citylink

Alice Springs-DarwinBayside Rail ProjectCranbourne-PakenhamRailCorridorHamersley Freight LineHunter Valley Rail FreightCorridorInland RailMoreton Bay Rail LinkNorth West Rail LinkNorthern Sydney Freight FreightCorridorParramatta-Chatswood Rail

HR

Future Connected Rail Network

/ 08 March 201625 SOURCES - World Nuclear Association, Reuters, China Daily, Wall Street Journal, Reuters, Chicago Tribune

Emerging Markets’ Hard Reality

RevenuesEconomy

Needfor

Capital

/ 08 March 201626

Closing the Funding Gap

/ 08 March 201627

Rolling Stock Industry Game Changers

Access to projectfinancing

Consolidation

Industry inTransition

Emergence ofChina

Globalization ofrolling stockproduction

Perspectives Towards 2020

/ 08 March 201629

Thank you! New Horizon: The world’s largest PCTC vessel

Main deck height: 6.5 metersRamp capacity: 375 tonsRamp width: 12 meters