Transcript Slide 1

TSX:SPB
Investor Day
November 18, 2010
www.superiorplus.com
Forward-Looking Statements
and Non-GAAP Measures
Certain information included herein is forward-looking, within the meaning of applicable Canadian securities laws.
Forward-looking information can be identified by looking for words such as “believe”, “expects”, “expected”, “will”,
“intends”, “projects”, “anticipates”, “estimates”, “continues” or similar words. Forward-looking information in this
corporate presentation, including the 2010 and 2011 Financial Outlooks, includes but is not limited to
consolidated and business segment outlooks, expected EBITDA from operations, expected Adjusted Operating
Cash Flow, expected Adjusted Operating Cash Flow per share, future capital expenditures, business strategy and
objectives, future dividend payments, dividend strategy, expected senior debt and total debt to EBITDA ratios,
future cash flows, anticipated taxes and statements regarding the future financial position of Superior and
Superior LP. Superior and Superior LP believe the expectations reflected in such forward-looking information are
reasonable but no assurance can be given that these expectations will prove to be correct and such forwardlooking statements should not be unduly relied upon.
Forward-looking information is based on various assumptions. Those assumptions are based on information
currently available to Superior, including information obtained from third-party industry analysts and other thirdparty sources, and include the historic performance of Superior's businesses, current business and economic
trends, availability and utilization of tax basis, currency, exchange and interest rates, trading data, cost estimates
and the other assumptions set forth under the “Outlook” sections contained in the 2010 third quarter results.
Readers are cautioned that the preceding list of assumptions is not exhaustive.
Forward-looking information is not a guarantee of future performance and involves a number of risks and
uncertainties, some of which are described herein and in the 2010 third quarter results. Such forward-looking
information necessarily involves known and unknown risks and uncertainties, which may cause Superior's or
Superior LP's actual performance and financial results in future periods to differ materially from any projections of
future performance or results expressed or implied by such forward-looking information. These risks and
uncertainties include but are not limited to the risks referred to under the section entitled “Risk Factors to
Superior”, in the 2010 third quarter results, the risks associated with the availability and amount of the tax basis
and the risks identified in Superior's 2009 Annual Information Form under the heading “Risk Factors”. Any
forward-looking information is made as of the date hereof and, except as required by law, neither Superior nor
Superior LP undertakes any obligation to publicly update or revise such information to reflect new information,
subsequent or otherwise.
All dollar amounts are in Canadian dollars unless otherwise noted.
2
Business Overview
 Superior Plus – ‘Three Businesses – ONE Investment’
 Energy Services
 Specialty Chemicals
 Construction Products Distribution
 Converted to a corporation on December 31, 2008
 High-yielding corporation
 Excellent access to capital
 Focused on improving efficiency and organic
growth generation
 Attractive acquisition and geographic / market expansion
opportunities in all three businesses
 North American focused with 4,800 employees
3
Financial Profile – SPB
Enterprise Value (EV)
$2.3 billion
Share Market Price (1)
$10.46
Annual Dividend Rate (per share) (2)
$1.62
Dividend Yield
Number of Shares Outstanding (3)
Convertible Debentures Outstanding (4)
15.5%
107.1 million
$489.4 million
(1)
Closing market price on November 9, 2010
Annualized dividend of $1.62 is based on the November 2010 dividend of $0.135 per month
(3) As at September 30, 2010
(4) Excludes deferred issue costs
(2)
4
Strong Management Capability
Grant Billing
Position
Chief Executive Officer
Age
59
Wayne Bingham
Chief Financial Officer
54
John Gleason
President, Energy Services and Propane
51
Greg McCamus
President, U.S. Refined Products and
Fixed-Price Products
52
Eric McFadden
EVP, Business Development
47
Paul Timmons
President, Specialty Chemicals
61
Dave Tims
SVP, Commodity Portfolio Management
49
Paul Vanderberg
President, Construction Products
Distribution
51
5
Superior Plus
Market Diversification
12%
Energy Services
Specialty Chemicals
Construction Products
Distribution
(1)
48%
40%
Based on mid-point of Superior’s 2011 Financial Outlook on an EBITDA from operations
basis as provided in Superior’s third quarter MD&A
6
Today’s Presenters
Superior Plus
Grant Billing
Energy Services
John Gleason
Superior Plus
Wayne Bingham
Construction Products
Distribution
Paul Vanderberg
Specialty Chemicals
Paul Timmons
7
TSX:SPB
Construction Products Distribution
www.superiorplus.com
Business Overview
 Leading distributor of Walls and Ceilings Products
and Commercial and Industrial insulation in Canada
and the U.S.
 Commercial
 Residential
 Industrial
 Fabrication services
 Productivity partner with contractors providing
value-added services
 Operational: 115 distribution centers, including 13
fabrication facilities, across 6 provinces and 30 states
 Approximately 1,450 employees
9
End-Use Market Diversification
‘The Construction Products Distribution business is diversified
across geographic and end-use markets’
15%
28%
Commercial – New
Commercial – Renovation
Industrial
Residential
41%
16%
% based on 2010 Estimated Revenue by Segment
10
Branch Locations
‘A North American Focus’
11
2010 Initiatives
 Cost reduction programs
 End-use markets have been challenging
 Extensive focus on operating costs
 $4.2 million in restructuring expense 9 month
ytd 2010
 Costs savings are reflected in the 2011 Outlook
 Integration

Cost reduction focus

Incremental approach in certain Walls and
Ceilings locations
12
2010 Initiatives
 June 2010 acquisition of Burnaby Insulation


C&I entry into Canada

Serves Western Canada industrial market

Base to build on, particularly related to Oil Sands
opportunities
Strengthened management team

Key hires from industry, internal promotions

Restructured procurement function
13
Market Overview – Residential
Residential Housing Starts (000s units)
3,000
250
2,500
200
2,000
150
1,500
100
1,000
50
500
-
1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011F
F = Forecast
U.S.
Source: Dept. of Commerce, CMHC, Company Forecast
Canada
14
Market Overview – Non-Residential
Non-Residential Construction (mmsf)
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
-
120
100
80
60
40
20
1991
1993
1995
1997
1999
2001
2003
2005
2007
2009
2011 F
F = Forecast
U.S.
Source: McGraw Hill, CanaData
Canada
15
Market Overview – Industrial
Industrial Capital Spending ($ billions)
300
100
250
75
200
150
50
2003
2004
2005
2006
2007
2008
2009
2010 F
2011 F
F = Forecast
U.S.
Source: IIR
Canada
16
Insulation Fabrication Services
 Value-added to customers
 Conversion of raw materials into products of specific sizes
and shapes
 Located strategically near large industrial and commercial markets
West
North
▼ Fabrication
South
17
Energy Efficiency Trends
 Positive growth from energy efficiency trends
 Insulation role in energy efficiency and reducing
greenhouse gas emissions
 Insulation in existing commercial buildings saves at least 30% of the
total U.S. commercial energy consumption that otherwise would have
been consumed (1)
 Insulation single most cost-effective greenhouse gas abatement
measure (2)
 Government legislation requiring improved energy
efficient standards
 New federal buildings required to achieve 30% greater energy efficiency
 ASRAE 2010 standards for mechanical insulation under consideration
 Sustainable design standards (LEED and Green Globe)
(1)
(2)
Owens Corning study.
McKinsey & Company’s Report on
Greenhouse Gas Reduction.
18
Growth Opportunities
 Product line expansion:
 Full walls + ceilings product line in
23 architectural centres
 C+I insulation in walls and ceilings centres
 Geographic growth and consolidation:
 Selective acquisitions
 Greenfield
 Business positioned for end-use market recovery
 Significant leverage to economic recovery
19
2010 and 2011 Financial Outlook Bridge
Construction Products Distribution
(millions of dollars)
Mid-Point of 2010 Outlook ($18 – $25 million) (1)
Benefit of cost reduction programs, net
Volume based on increased market share
and economic recovery
Price/margin improvement
Mid-Point of 2011 Outlook ($25 – $40 million) (1)
(1) As
21.5
1.0
8.0
2.0
32.5
provided in Superior’s 2010 third-quarter MD&A
20
Summary
 Leading market positions with cost structures
aligned with current volumes
 Energy efficiency trends support increase
insulation usage
 Positioned to grow based on SPI network
 Significant leverage to economic recovery
21
TSX:SPB
Questions & Answers
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TSX:SPB
Energy Services
www.superiorplus.com
Energy Services
 Canadian propane distribution
 Canada’s largest retail supplier of propane
 Full service offering
 U.S. northeast refined fuels
 Significant heating oil, propane and distillates
platform in the northeastern U.S.
 Full service offering
 Supply and portfolio management
 Leading natural gas liquids marketing company with potential
to add the northeastern U.S. to its portfolio
 Fixed-Price Energy Services
 Leading Canadian energy marketer offering natural gas
and electricity plans to commercial customers in Ontario,
Quebec and British Columbia
24
Energy Services Diversification
‘The Energy Services business is well diversified across
various geographic and end-use markets’
7%
3%
35%
Canadian Propane Distribution
U.S. Refined Fuels
Wholesale Supply Management
Fixed-Price Energy Services
55%
Based on gross profit by business for the nine-month period ended September 30, 2010
25
Canadian Propane
Business Overview
 Superior Propane is a recognizable Canadian brand
– in business since 1951
 Canada’s largest supplier of propane, related products
and services
 Annual volumes: 1.3 billion litres
 160,000 customers coast-to-coast Canada
 125,000 residential customers (150 million litres)
 35,000 commercial/business customers (1.15 billion litres)
 Employees: 1,600 coast-to-coast
 A recognized leader in propane safety
26
Canadian Propane
Geographic Diversification
Western Canada
Eastern Canada
Atlantic Canada
54%
38%
7%
Volume by region for the twelve-month period ended December 31, 2009.
27
Canadian Propane 2010 Initiatives
 Technology-Based Initiatives
 Enterprise One (ERP) Upgrade completed in
2nd quarter 2010
 Costs savings of approximately $7.0 million anticipated
in 2011
 On-Board Truck Computers and UPS Roadnet
 Improved connectivity with front-line staff results in
operations efficiencies and more efficient delivery routes
 Sales and Marketing Initiatives
 60 person sales force – face-to-face with customers in
the field
 Sales team has produced positive results with annualized
new customer volumes of approximately 119 million litres
 Voice-to-Voice team services the Residential line of business
 Organization-wide ‘Customer Service Commitment”
28
U.S. Refined Fuels
Business Overview
 Three U.S. Refined Fuel acquisitions in 2009/10 for
US$308 million
 Residential and Commercial heating oil, propane,
and commercial fuels distribution
 Sunoco Home Comfort, Griffith Consumers, Griffith Energy
 Annual volumes – 463 million gallons (1.7 billion litres)
 223,000 customers – 91% residential
 Full service offering including HVAC installation, repair
and maintenance
 Well maintained storage and distribution assets
 Four pipeline-supplied terminals and 44 retail bulk plants
provide 31 million gallons of storage capacity
 Strong health, safety and environmental track record
29
U.S. Refined Fuels
Geographic Diversification
Rochester
Syracuse
Binghamton
Buffalo
Albany
Scranton
New York
State College
Harrisburg
Pittsburgh
Philadelphia
Location
Terminal
30
U.S. Refined Fuels Market Analysis
 National Oilheat Research Alliance estimates 43% of total heating oil
consumption is in mid-Atlantic Region from Virginia to New York
 New York and Pennsylvania have an estimated 3.5 million homes
fueled by heating oil
 33% of New York households and 25% of Pennsylvania households
use heating oil as their primary source of energy
Heating Oil Market Data
Percentage of Total Heating Oil Consumption
Heating Oil Usage
43%
Gallons
(millions)
Households
(000s)
2,463
1,286
612
431
308
64
33
5,197
2,336
1,217
595
362
316
77
17
4,920
50%
40%
30%
30%
NY
and
PA
20%
10%
10%
31%
11%
6%
0%
West
South
Mid -West
New England
Mid -Atlantic
State / District
New York
Pennsylvania
New Jersey
Virginia
Maryland
Delaware
District of Columbia
Total Mid-Atlantic
Source: National Oilheat Research Alliance, 2008.
31
U.S. Refined Fuels 2010 Initiatives
 Completed the acquisition of Griffith Energy
(January, 2010)
 Integration of the three businesses substantially
complete
 One-time costs of $3.2 million incurred in 2010
 Combined some operations in New York and Pennsylvania
 Rebranding to Superior Plus Energy Services well underway
 Hired Key Leadership roles, including a VP of Sales
 Established a new organizational structure
 Operational focus on sales and customer retention
and satisfaction
32
Supply Portfolio Management
 Supply Portfolio Management group provides
expertise in wholesale supply, risk management
and logistics to Superior’s businesses
 Third-party marketing accounts for about one-third
of all activity with strong growth potential
 Continued growth of third party business allows higher
utilization of storage and transportation assets
 Ability to optimize value of terminals, storage,
rail transport and pipeline capacity
 Significant propane and butane storage in Alberta,
Michigan, New York state, Kansas and Texas
33
Wholesale Supply
Market Footprint
EDMONTON
REGINA
MARYSVILLE/SARNIA
BATH
CONWAY
Supply Region
Wholesale Market Region
Transport Flow
MOUNT
BELVIEU
Storage
34
Energy Services Opportunities
Canadian Propane
 Customer Growth Initiatives
 Continued focus on sales and marketing to attract
and retain customers
 Build and execute on a plan to leverage our safety expertise
 Target existing customers and further penetrate with
service offerings
 Productivity Improvement Opportunities
 Integration of ERP upgrade and web-based customer
service applications and other technology improvements
 Ability to pay for propane on-line and update
account information
 Continue to refine ERP and internal processes to
improve cost structure
35
Energy Services Opportunities
U.S. Refined Fuels
 Pursue propane and propane service expansion
opportunities across all markets in the Northeastern U.S.
 Cross-selling opportunities in conjunction with the FixedPrice Energy Services business (electricity and natural
gas) offerings to be introduced to existing customer base
 Continue to improve cost structure by identifying backoffice synergies and productivity improvements
 U.S. industry consolidation opportunities
 Potential tuck-in acquisitions in highly fragmented
N.E. Heating Oil market
36
Energy Services Opportunities
Supply Portfolio Management
 Leverage and diversify current storage
locations and supply relationships to expand
market presence
 Expanded product offering
 Offer supply and risk management solutions
to customers
37
2010 and 2011 Financial Outlook Bridge
Energy Services
(millions of dollars)
Mid-Point of 2010 Outlook ($100 – $115 million) (1)
Weather normalization
Economic improvements and sales growth
Absence of integration costs and full-year benefit
of cost reductions
Mid-Point of 2011 Outlook ($120 – $140 million) (1)
(1) As
107.5
10.0
9.0
3.5
130.0
provided in Superior’s 2010 third-quarter MD&A
38
Energy Services Summary
 Strong brand and leading positions in both end-use
and geographic markets across Canada
 Strong focus on customer service
 Plans in place to grow existing customer base
 Continued focus on productivity improvements and
cost-saving initiatives to generate ongoing efficiencies
39
TSX:SPB
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TSX:SPB
Specialty Chemicals
www.superiorplus.com
Business Overview
 Manufacturer and supplier of specialty chemicals
and provider of technology-related services
 Second-largest producer of sodium chlorate in
North America and worldwide with an estimated
production capacity of 26% and 15%, respectively
 Third largest producer of Potassium Chloralkali
products in North America. Successful startup of
Port Edwards, Wisconsin facility in Q4 2009
 Nine manufacturing facilities
 Approximately 500 employees
42
Product Diversification
‘Superior has diversified its Specialty Chemical Business’
2009 EBITDA
2004 EBITDA
1%
9%
12%
35%
42%
6%
73%
North American Chlorate
22%
International Chlorate
Chloralkali
Technology
43
Geographic Footprint
CANADA
Grande Prairie
 500 employees
Saskatoon
Hargrave
Vancouver
 510,000 MT sodium chlorate capacity
from 7 plants
 10,500 MT sodium chlorite capacity from
2 plants – largest worldwide
Thunder Bay
Buckingham
Toronto
Port Edwards
USA
Valdosta
 39,000 MT chloralkali product capacity
at Saskatoon
 103,000 MT potassium & chloralkali
products at Port Edwards
BRAZIL
 Sales offices – China and Japan
ARGENTINA
CHILE
URUGUAY
44
2010 Capital Initiatives
 Sodium chlorate – efficiency improvement projects
- Electrical energy ±10% reduction
- Valdosta, Georgia
- Hargrave, Manitoba




Hydrogen utilization at the Chilean facility
Ownership of electrical generation – Chile
Vancouver rectifier and debottlenecking
Total capital projects of approx. $30 million
with a minimum 15% ROI
 Pipeline of future opportunities
45
Pulp Market Update
 Pulp inventories are at
normalized levels –
approximately 35 days
of inventory
 Pulp prices remain high
providing support for
sodium chlorate markets
 Many closed mills have
re-started
Pulp statistics current as at November 10, 2010
46
Chlorate Market Update
 Sodium chlorate market tight
 Producer operations problems – France/USA
 Pulp mills running at high utilization rates
 80,000 tonnes demand has returned to
North American market
 ERCO on order control – price increases announced
47
Chloralkali Market Update
 2010 industry operating rates continued to
increase, currently above 90%
 Gulf Coast chlorine derivatives exports very high
(EDC, vinyl etc)
 Market conditions should be sustainable due to:
 USD currency weakness
 Low natural gas price
 Chinese industry operating rates are stated as
being in the 60% range
 Power constraints and high feedstock costs
48
Chloralkali Market Update
‘Chloralkali margins are well positioned relative to past
economic downturns’
Source: CMAI
49
South American
Expansion Opportunities
 Brazil and Chile are low cost pulp regions
 Superior will look to leverage its existing
relationship with CMPC
 Chilean facility completed in 2005
 CMPC is a low cost pulp producer with a market
capitalization of US$10 billion as at July 2010
 Opportunity to grow in Brazil as a result of CMPC growth
 Brazil opportunities include:




Sodium chlorate facilities
Sodium chlorite facilities
Alkali products
Export from North American facilities
50
Specialty Chemicals Opportunities
 Continue to optimize existing chemical facilities
 Chlorate industry consolidation opportunities
 Exploring international expansion opportunities
 Leverage chlorine dioxide technology
 Leverage strategic partnerships
 Use Port Edwards facility expansion to attract
ECU customers to adjacent land (60 acres)
 Additional opportunities to expand into other
product lines
51
2010 and 2011 Financial Outlook Bridge
Specialty Chemicals
(millions of dollars)
Mid-Point of 2010 Outlook ($95 – $105 million) (1)
Port Edwards volume and margin improvements
Mid-Point of 2011 Outlook ($100 – $115 million) (1)
(1) As
100.0
7.5
107.5
provided in Superior’s 2010 third-quarter MD&A
52
Summary
 Stable cash flows throughout the recession
Port Edwards shutdown influenced 2009 results
 Strong pipeline of opportunities
 Demonstrated an ability to effectively execute a
variety of projects
 Product and geographic expansion projects are
being developed
53
TSX:SPB
Questions & Answers
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TSX:SPB
Financial Overview
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2010 Q3 and YTD
Financial Performance
Three Months Ended
September 30,
Nine Months Ended
September 30,
2010
2009
2010
2009
4.9
3.1
51.8
57.0
26.9
22.1
71.8
74.4
7.6
7.1
17.3
11.9
39.4
32.3
140.9
143.3
(17.9)
(10.1)
(51.6)
(28.1)
Cash income tax recovery (expense)
(0.6)
0.9
(0.9)
(5.3)
Corporate costs
(0.4)
(3.8)
(8.1)
(10.4)
Adjusted Operating Cash Flow
20.5
19.3
80.3
99.5
$0.19
$0.22
$0.76
$1.13
(millions of dollars, except per share amounts)
EBITDA from operations:
Energy Services
Specialty Chemicals
Construction Products Distribution
Interest
Adjusted Operating Cash Flow per share basic (1)
and diluted (2)
(1)
The weighted average number of shares outstanding for the three months ended September 30, 2010 is
106.6 million (2009 – 88.7 million) and for the nine months ended September 30, 2010 is 104.9 million
(2008 – 88.4 million).
(2) For the three and nine months ended September 30, 2010 and 2009, there were no dilutive instruments.
56
Third-Quarter Highlights
 Benefits of a slow economic recovery evident
throughout the third quarter
Increased non-heating volumes within the
Energy Services business
Continued strength of both sodium chlorate and
chloralkali volumes
 Construction Products Distribution business
continues to be negatively impacted by a difficult
U.S. commercial construction and residential
housing market
General restructuring and integration activities resulted in
one-time costs of $3.2 million during the third quarter
 Integration of the U.S. Refined Fuels business is
substantially complete
57
2010 and 2011 Financial Outlook
(millions of dollars except per share amounts) (1)(2)
2010
2011
100-115
120-140
95-105
18-25
100-115
25-40
EBITDA from operations:
Energy Services
Specialty Chemicals
Construction Products Distribution
Adjusted Operating Cash Flow per share
(1)
(2)
$1.30-$1.50 $1.75-$2.00
Superior’s 2010 and 2011Financial Outlook is as provided in Superior’s 2010 third-quarter MD&A
The assumptions, definitions, and risk factors relating to the Financial Outlook are discussed in
Superior’s 2010 third-quarter MD&A
58
2010 and 2011
Financial Outlook Bridge
(all amounts per share)
Mid-Point of 2010 Outlook ($1.30 to $1.50) (1)
Impact of weather (approximately $0.10 to $0.20)
Economic improvements and sales growth within Energy Services
Full year cost saving initiatives at U.S. Refined Fuels and
Construction Products Distribution
Stronger chloralkali gross profits and volumes
Improved Construction Products Distribution volumes and margins
Mid-Point of 2011 Outlook ($1.75 to $2.00) (1)
(1) As
$1.40
0.15
0.10
0.05
0.08
0.10
$1.88
provided in Superior’s 2010 third-quarter MD&A
59
Multiple Sources of Capital
‘Superior successfully accessed the Common Share and
Convertible Debenture market during 2010 and currently has
a well diversified capital base’
162.7
82.6
Common Shares
Credit Facility
Senior Unsecured Debentures
489.4
Convertible Unsecured Debentures
Accounts Receivable Securitization Program
Senior Secured Notes
Capital allocation in million of dollars, as at September 30, 2010.
1,592.4
150.0
288.3
60
Credit Rating Summary
DBRS
Senior Secured
Senior Unsecured
BBB (low)
BB (high)
Negative
Negative
BB
BBB(-)
BB (-)
Stable
S&P
Corporate Rating
Senior Secured
Senior Unsecured
Credit Ratios as at September 30, 2010
Consolidated Secured/EBITDA ratio
Consolidated Debt/EBITDA ratio
(1)
(1)(2)
(1)
(2)
2.4X
3.0X
As calculated in accordance with Superior's various credit agreements.
Does not include convertible unsecured subordinated debentures.
61
Term Debt Repayment Profile
As at September 30, 2010
($ million)
320.4
207.9
172.5
150.0
115.6
99.8
105.8
3.0
2010
2011
2012
2013
Syndicated Credit Facility
Convertible Debentures
Securitization Program
Syndicated Credit Facility excludes $23.3 million in letters of credit
Convertible debenture repayments based on face value
2014
2015
2016
2017
U.S. Notes
Other Term Debt
Senior Unsecured Debentures
62
Tax Horizon
‘Superior has significant tax pools available to
shelter future Canadian taxable income’
 Canada Cash Taxes
 Taxable at the provincial level in approximately 2020
at approximately 10%
 Taxable at both the federal and provincial level in
approximately 2030 at approximately 25%
 U.S. Cash Taxes
 Minimal cash taxes in 2010 and 2011 due to taxis basis
associated with the Port Edwards expansion. Federal and
State taxes increasing towards statutory rates thereafter
Tax Horizon based on Superior’s existing asset mix and capital structure
63
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Summary
www.superiorplus.com
2010 A Year of Repositioning
 Focus on integration
 Expensed $9 million in one-time costs
 Three heating oil businesses
 C&I insulation
 Completion of system upgrade at Superior Propane
 Spent $11.1 million over 3 years
 Ramp-up of Port Edwards sales and production
 Sales and marketing functions expanded in
all businesses
66
2011 Reaping the Rewards
 Superior Propane ERP upgrade positions for
future productivity improvements
 Heating oil integration provides platform for
improved results
 Construction products platform established for growth
as residential & commercial activity improve
 Full year benefit of Port Edwards expansion
 Benefit from expanded sales and marketing programs
 Organic growth and tuck-in opportunities for all
3 businesses
67
Investment Highlights
 High-yield corporation
 Mature businesses with historically stable
cash flows over various economic cycles
 Low operating capital requirements
 Leading competitive positions across businesses
 Businesses are well positioned to participate in
economic recovery
68
TSX:SPB
Questions & Answers
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TSX:SPB
Contact:
Wayne Bingham
Executive Vice-President
and Chief Financial Officer
Jay Bachman
Vice-President, Investor
Relations and Treasurer
www.superiorplus.com
Suite 1400, 840 – 7 Avenue S.W.
Calgary, Alberta T2P 3G2
Tel: 403-218-2970
Fax: 403-218-2973
Toll Free: 1-866-490-7587
www.superiorplus.com