1. Phoenix Park Gas Processors Ltd
Embracing And Promoting Good Governance
- Our Journey To Date
Eugene Tiah
President Phoenix Park Gas Processors Ltd.
November 13, 2008

2. Phoenix Park Gas Processors Ltd.
Outline
Results
Background
Governance Framework
Company Culture
Lessons Learnt

3. Results

4. Phoenix Park Gas Processors Ltd.
Results
Zero Business Ethics Issues In 17 Years Of Operations

5. Background

6. Phoenix Park Gas Processors Ltd.
Background
Facility And Location
Ownership
Structure
Accomplishments

7. Phoenix Park Gas Processors Ltd. Facility
Asset Value ~ US $500 Million
Annual Revenues ~ US $ 900 Million

8. Phoenix Park Gas Processors Ltd
Shareholders
51%
39%
10%

9. Phoenix Park Gas Processors Ltd The Organization Structure
BOARD OF
DIRECTORS
PRESIDENT VP
Operations VP
Human
Resources VP
Finance
& IT VP
Safety,
Security &
Envrn. VP
Bus.Dev. &
Marketing VP
Strategy
& Corp Serv VP
Engin.
No. of Employees -185

10. Phoenix Park Gas Processors
Achievements
Safety
GPA Safety Award (Division II) – 1st Place For Nine Consecutive Years
ConocoPhillips 2003 "Spirit Of Performance Award" For Safety In 2003
16 Consecutive Years Without A LWC And Consecutive 13 Years Without An OSHA Recordable
2nd Place In TTOSH National Safety Award Competition
Plipdeco’s 1997 Safety Award

11. Phoenix Park Gas Processors Ltd
Achievements
Financing
PPGPL Utilised The Low Cost 936 Carifa Bonds To Finance The Initial Construction Of The Plant
In 1998, PPGPL Secured US$110M Of Project Financing Through A 15 Year Tenor Bond Offering via U.S. Capital Markets
In 2002, PPGPL Secured US$41.3M Of Project Financing Through A 13 Year Tenor Local Bond Offering
In 2006 And 2007, PPGPL Secured $185M & $38M Of Project Financing On The USPP Market At Rates Lower Than Any Other Company In Trinidad And The Caribbean

12. Phoenix Park Gas Processors Ltd
Achievements
Operations And Marketing
Upper Quartile Results When Benchmarked Against International Companies In The 2001 Cap Gemini Ernst & Young International Comparative Performance Benchmarking Study For Gas Processing And Field Operations
Du Pont Global Award For Marketing Excellence In 1997

13. Phoenix Park Gas Processors Ltd.
Achievements
Employee Motivation And Alignment
Trinidad And Tobago Employee Benchmark Survey -
2000 : Benchmark Score For The Communication Category.
2001 : Benchmark Score In Three Of The Eleven Categories Surveyed - Strategic Direction, Management/Employee Relations And Communication.
2003 : Benchmark Score In Three Of The Ten Categories Surveyed - Strategic Direction, Internal Communication And Customer Focus.

14. Phoenix Park Gas Processors Ltd Achievements
Business Development
NGL Hub Of Trinidad & Tobago
Winning Of Acquisition, Fractionation And Terminalling Of NGLs From All ALNG Trains

15. Phoenix Park Gas Processors Ltd Achievements
Prime Minister’s Award 2002
Awards received for:
Most Innovative Company
Process Innovation and Advanced Manufacturing Technology
International Stevie Award -2007
Best Corporate Social Responsibility Project in South America
ECA Award – 2007
Champion Employer of the Year
STCIC CSR Awards
Recognizing the Value of People

16. Governance Framework

17. Phoenix Park Gas Processors Ltd
Governance Framework
Policies and Procedures
Governing Shareholder Agreements
Authority Limits
Specific Governance Policies and Procedures
Financial Controls; Governance Principles; Business Ethics Policy;
Corporate Compliance Program; Internal Audit Charter;
Board of Director Charter; Board Sub –Committee Charters;
Enterprise Wide Risk Policies and Procedures;
Management Tenders Committee – Policy, Rules and Procedures

18. Phoenix Park Gas Processors Ltd. Governance Framework
Compliance
Compliance Policies
Compliance Function
Compliance Audits
Audits
Statutory
Shareholder/Stakeholder
Taxation

19. Company Culture

20. Phoenix Park Gas Processors Ltd
Company Culture
Right People
Recruitment Process
Right Start
Orientation
Clear Values
Core Values
Training And Development
E.g. PCL, Crucial Conversations, Leadership Training
Consistent Reinforcement
Performance Management System

21. Lessons Learnt

22. Phoenix Park Gas Processors Ltd
Lessons Learnt
Be Very Clear On What You Want including Standards
Communicate Desired Standards Consistently and Regularly
Be True To Continuous Improvement
Have Systems for Early Detection of Undesirable Deviations
Be Decisive in Addressing Undesirable Deviations
Recognize and Reward Desirable Outcomes/Behaviors
Demonstrate Leadership Commitment Day in Day out

23. The End