2016 Financial Overview

Chairman’s Report

Despite another year of challenging economic conditions, 2016 was a year in which the
earnings of Trinidad and Tobago NGL Limited (TTNGL) returned to growth when compared
to 2015. This was achieved through the careful and responsible management of the
Company’s finances as well as the improved performance of the underlying asset, Phoenix
Park Gas Processors Limited (PPGPL).

Under the watchful oversight and guidance of the new Board of TTNGL, the Company
successfully completed its Initial Public Offering (IPO) in October 2015 and is now poised to
further deepen its position on the local capital market via an additional public offering by
NGC of its remaining Class B shares in TTNGL. The results achieved in 2016 are a further
demonstration by the Board of the positive impact of a consistent dividend policy coupled
with high levels of operational discipline and financial management.

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