Company Presentation

November 2012

Navios South American Logistics Inc.

2

This presentation contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and Navios South American Logistics, Inc.’s (“Navios Logistics”, “NSAL”, or the “Company”) growth strategy and measures to implement such strategy; including expected vessel acquisitions and entering into further time charters. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. Such statements include comments regarding expected revenues and time charters. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to changes in the demand for barge, pushboat and product tanker vessels; competitive factors in the market in which the Company operates; weather-related risks; risks associated with operations outside the United States; and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. For the selected financial data presented herein, Navios Logistics compiled consolidated statements of operation and selected balance sheets for the relevant periods.

EBITDA represents Net Income/(Loss) attributable to Navios Logistics’ stockholders before interest, taxes, depreciation and amortization. EBITDA is presented because it is used by certain investors to measure a company's operating performance. EBITDA is a “non-GAAP financial measure” and should not be considered a substitute for net income, cash flow from operating activities and other operations or cash flow statement data prepared in accordance with accounting principles generally accepted in the United States or as a measure of profitability or liquidity. While EBITDA is frequently used as a measure of operating performance, the definition of EBITDA used here may not be comparable to that used by other companies due to differences in methods of calculation.

Forward Looking Statements

3

Navios Logistics Overview

Creating Shareholder Value: Navios Group

4

Navios Maritime Acquisition Corp.

(NYSE: NNA)

• Navios entity in tanker sector

• Fleet of 29 vessels: 7 VLCC, 20 product

tankers, 2 chemical tankers

• Acquired product tankers for historically low

values

• Developing leading company in tanker

sector

• Market value of NM ownership1: $67.6

million

Navios Maritime Holdings Inc.

(NYSE: NM) • Controls 49-vessel drybulk fleet; 30 owned and 19 long term chartered-in vessels

• Flexible business model; Opportunity from market intelligence

• Stable cash flow from charter-out contracts >12 months and Short-Term Charters, COAs and

FFAs

• FY 2011 EBITDA: $265.4 million

• NM: Share price1: $3.56

Navios Maritime Partners L.P.

(NYSE: NMM)

• Focused on long-term charter business in

the drybulk sector

• MLP with high dividend payout model

• Fleet of 21 dry bulk vessels of 2.3 M DWT

• NM receives incentive distributions through

the wholly owned GP

• FY 2011 EBITDA: $137.8 million

• Market value of NM ownership1: $214.6

million

Navios South American Logistics

• Integrated wet and dry logistics operator in

Hidrovia Region

• Core operations:

- Port Terminal facilities with storage

- Barging (wet and dry)

- Cabotage business

• Expansion into mineral commodities

• FY 2011 EBITDA: $39.0 million

25.2% NM

Ownership

54.0% NM

Economic

Interest

63.8% NM

Ownership $2.10 /

share

$0.66 /

share

1 As of November 19, 2012

5

Cabotage Business

• Refined product transportation

along the Argentinean coast

• Six ocean going product

tankers and two self-propelled

barges

• Strategy to secure cash flows

with long term contracts

• Awarded Brazilian Cabotage

contracts for six new vessels

Barge Business

• 289 barges and pushboats

transporting dry and liquid

cargoes across the river system

– Pushboats

– Dry barges

– Oil barges

– LPG barges

• 1 floating dry dock

36.2% Ownership 63.8% Ownership

Grandall Investments S.A. Navios Maritime Holdings Inc.

NYSE: NM

Navios South American Logistics Inc

(Marshall Islands)

Port Terminal Operations

Storage and Transfer

• Bulk Terminal – Nueva

Palmira – Uruguay (tax free

zone) with 460,000 mt dry

storage capacity

• Fuel Terminal – San Antonio

Port – Paraguay with 45,700

m3 storage capacity

Navios Logistics Ownership Structure

Navios Logistics Highlights

6

Leading Logistics

Provider in South

America

Largest independent dry terminal in Hidrovia

One of the largest independent liquid terminals in Paraguay

One of the largest, most versatile barge river fleets serving a diverse set of industries

Largest Argentinean product cabotage fleet with an average age of 3 years

Multiple Avenues of

Growth

Opportunities to invest in new port infrastructure

Increasing minerals and grain production and fuel demand create need for new convoys

Opportunity to expand in Brazilian cabotage

Favorable Market

Fundamental

Robust growth in exports of grain and mineral commodities

Hidrovia system and coastal cabotage are critical infrastructure for region

Scale and Strong Asset

Base Provide Operating

Efficiency

Economies of scale provide low costs per ton transported

Integrated terminal, barge and cabotage network offers substantial operating leverage

Strong

Counterparties

Diverse group of large, high-quality counterparties

Exposure to ADM, Bunge, Cargill, Dreyfus, Petrobras, Petropar, Vale, Vitol among others

Focus on Contracted

Cash Flow

Strategic positioning with fixed rate contracts and CoA’s with minimum volume guarantees

Long-term relationships with high contract renewal rates

Seasoned Management

Team with Strong Track

Record and Established

Brand

Strategic relationships

Experienced management team

Long operating history in region

Integrated Transportation and Storage Services

7

Port Terminals Barge Business Cabotage Business

Asset Base

Bulk transfer and storage port

terminal in Nueva Palmira,

Uruguay

Liquid port in San Antonio,

Paraguay

223 dry barges

39 tank barges1

22 pushboats

2 small inland oil tankers

3 LPG barges

1 floating dry dock

6 Product tankers

(8,974 – 17,508 dwt)

2 self-propelled barges

Commodities Transported

or Stored

Dry cargo (cereals, soybeans,

iron ore, etc)

Liquid cargo (primarily diesel

fuel and naphtha)

Dry cargo

Liquid cargo

Liquefied Petroleum Gas (LPG)

Refined oil products

Typical Customer Contracts

Long-term storage and

transshipment contracts

Time charters and CoAs (1-5

years)

Spot market contracts

Time charters

(2-3 years average duration)

Spot market contracts

Geographic

Region

Strategic locations along the

Hidrovia river system

Hidrovia river system

Argentinean coastal trade

Opportunity to expand into

Brazilian cabotage market

1 Including three tank barges to be delivered gradually until June 30, 2013

Barge Business Ports Cabotage

# Barges &

Pushboats

Largest Independent Dry Port

in the Hidrovia

One of the Largest

Independent Liquid Ports in

Paraguay

Key Benefits of

Large Scale

• Lower operating costs

• Greater market presence

• Higher quality charterers

• Strong strategic relationships (shipyards, commercial banks, etc.)

DWT

(‘000) Top 5 Players Top 5 Argentinean Coastal Cabotage

Players by Tonnage1

Largest Independent Logistics Provider in Hidrovia

8 1. Includes vessels 5,000 – 29,000 DWT

Sources: Drewry as of January 2012, Companies’ websites

684

289 247

181

118

0

100

200

300

400

500

600

700

800

Ultrapetrol NSAL Fluvialba ADM Interbarge

Presence Throughout Supply Chain

URUGUAY

CHILE

BOLIVIA

ARGENTINA

BRAZIL PARAGUAY

Corumba

Iron Ore

Refineries

Grain /

Crop

Dry Ports

Wet Ports

Refineries

Port: Paraguay Fuel Terminal

Loading / unloading

Storage

2

Exports

Barge Transportation

289 barges and pushboats

– Wet and liquid cargos

1

Cabotage Transportation

6 ocean going tankers

2 self-propelled barges

3

Southern Argentina

Port: Uruguay Bulk Terminal

Storage

Drying & conditioning

facilities

2

9

10

One Barge:

1,500 Ton

52,500 Bushels

453,600 Gallons

One 15 Barge Convoy:

22,500 Ton

787,500 Bushels

6,804,000 Gallons

Jumbo Hopper Car:

112 Ton

4,000 Bushels

33,870 Gallons

100 Car Train Unit:

11,200 Ton

400,000 Bushels

3,870,000 Gallons

Large Semi:

26 Ton

910 Bushels

7,865 Gallons

Equivalent Units

One Barge

= =

13.4 Jumbo Hopper Cars 58 Large Semis (Trucks)

= =

One 15 Barge Convoy 2.0 100 Car-unit Train 870 Large Semis (Trucks)

Barge transport is cost-effective

The Economics of River Transportation

Source: IOWA Department of Transportation

11

Market Overview

• Runs over 4,500 kilometers across the agricultural heartland of South America

– Comparable in length to the Mississippi system

Hidrovia Region Mississippi Region South America

Number of barges: ~ 1,700 Number of barges: ~ 27,000

Significant Capacity for Growth

Hidrovia: Agricultural Heartland of South America

12 Source: Drewry as of January 2012

78.5 91.5 95.7 101.5 104.9

122.6 127.7 112.3

132 136.8 148.7

1.1 1.6 1.8 1.9 2.3

4.2 4.4 4.6 3.5

6.0 7.1

Solid macro

economic

fundamentals

High-growth, stable

environment

Increasing discretionary income

across the region

Room for future growth

supported by demand from

China

Stable and democratic

governments

Tightening sovereign

spreads, lower debt levels

and political stability

Investment grade credits

Commodity boom fueled by

exports of grains, iron ore,

forestry and hydrocarbons

The Parana Hidrovia

provides a 2,800 mile trade

channel to the rest of the

world

Latin America Ranking S&P Rating

Chile A+

Mexico BBB

Brazil BBB

Peru BBB

Colombia BBB-

Uruguay BBB-

Paraguay BB-

Argentina B

Investment grade countries

…and improving credit profiles Decreasing political risk(1)…

Regional Grain & Soybean Exports(2) Hidrovia regional iron ore production

(Million Tons) (Million Tons)

3.6%

2.2%

0.2%

Latin America U.S. EU

Avg. 12E-13E

Robust economic growth… …and decreasing long-term inflation

Source: EIU, SBI, Bloomberg, Food and Agricultural Organization, Drewry as of January 2012, USDA Foreign Agricultural Service (1) Composite of Latin American spreads over 10-year U.S. Treasuries (2) Includes Argentina, Bolivia, Brazil, Paraguay and Uruguay

Stable and

rapidly

improving

political and

economic

environment

Global

commodity

boom is a

driver of Latin

America growth

Attractive Underlying Latin American Market

13

0

5

10

15

20

25

Inflation rate, average consumer prices (Annual percent change)

0

200

400

600

800

1000

1200

Source: Web site of the UNESCO/IHP Regional Office of Latin America and the Caribbean

Water requirement equivalent of

main food products

Global Virtual Water Imbalances Will Continue to be a Driver of Agricultural Trade

This table gives examples of water required per unit of

major food products, including livestock, which

consume the most water per unit. Cereals, oil crops,

and pulses, roots and tubers consume far less water.

Source: FAO, 1997a

Product Unit Equivalent water

in m3 per unit

Fresh beef kg 15

Fresh lamb kg 10

Fresh poultry kg 6

Cereals kg 1.5

Citrus fruits kg 1

Palm oil kg 2

Puls, roots and tubers kg 1

North &

Central America

Africa

Asia

South

America

Europe

15% 8%

26%

6%

11% 13%

8% 13%

36%

60%

5% <1%

Australia

& Oceania

% of Global Water Supply % of Global Population

Fresh Water Availability vs. Population:

Grain Exports = Virtual Water Trade

14

15

Favorable Market Fundamentals of Hidrovia

VENEZUELA

BOLIVIA

ARGENTINA

BRAZIL

FRENCH GUIANA

SURINAMEGUYANA

COLOMBIA

ECUADOR

PERU

PARAGUAY

URUGUAY

CHILE

VENEZUELA

BOLIVIA

ARGENTINA

BRAZIL

FRENCH GUIANA

SURINAMEGUYANA

COLOMBIA

ECUADOR

PERU

PARAGUAY

URUGUAY

CHILE

• Growing exports of grain and mineral

commodities

- Region accounts for ~50% of global

soybean production

- Significant expansion in iron ore production

- Significant exporter to emerging market

economies, such as China

• Reliance on waterborne transportation

- Shortage of highway or rail infrastructure

alternatives

- River system provides access to Atlantic

Ocean and global export markets

- River barges and coastal tankers are the

most cost-efficient method of transportation

Coastal

Cabotage

Trade

Navios

Oil

Products

Terminal

Navios

Dry Port

Terminal

Hidrovia

River

System

16

40%

45%

50%

55%

60%

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

160.0

Soybean Production Region % of World

Hidrovia Region Soybean Production

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

Iron Ore Corumba Production

Corumba Brazil Iron Ore Production

Hidrovia accounts for ~50% of

world soybean production

Increased Chinese demand driving

Brazilian iron ore production growth

Hidrovia Importance in World Dry Bulk Trade

Mill

ion M

etr

ic T

ons

Note: Crop years for Soybean Production according to USDA definition, P = Preliminary, E = Estimate

Source: Drewry as of January 2012, USDA October 2012, Vale, MMX

Regio

n %

of W

orld

Thousand M

etr

ic T

ons

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Argentina Bolivia Brazil Paraguay Uruguay

17

2000-2011 (thousand barrels per day)

Argentina’s total oil demand was about 678,000 bpd in 2011

Argentina’s total oil refining capacity is about 627,000 bpd

69% of Argentina’s refining capacity is located near the

Hidrovia and in the Plate River Estuary

Paraguay does not produce any crude oil and relies on

imports from larger refineries in Argentina

CAGR

2000-2011

Argentina 2.6%

Bolivia 2.4%

Brazil 1.7%

Paraguay 0.6%

Uruguay 1.6%

Total 1.8%

Hidrovia Region: Stable Growth in Oil Demand

Source: Drewry as of January 2012, US EIA as of September 2012

2,794 2,785 2,615 2,679 2,709 2,806 2,953 3,073 3,166 3,328 Total 3,412 3,154

18

Q3 2012 Earnings Highlights

Navios Logistics Q3 2012 Earnings Highlights

19

(in $ ‘000)

Three months

ended

Sept 30, 2012

Three months

ended

Sept 30, 2011

Y-O-Y

Variance

Nine months

ended

Sept 30, 2012

Nine months

ended

Sept 30, 2011

Y-O-Y

Variance

Navios

Logistics

Revenue 65,005 68,847 (6%) 188,445 167,908 12%

EBITDA 13,156 8,909 48% 37,247 28,950 29%

Net income/(loss) 896 (1,527) N/A 904 983 (8%)

Port

Terminals

Revenue 25,614 31,300 (18%) 75,537 62,483 21%

EBITDA 6,878 4,154 66% 18,591 11,506 62%

Barge

Business

Revenue 24,211 23,170 4% 71,609 64,962 10%

EBITDA 3,975 631 530% 9,527 5,013 90%

Cabotage

Business

Revenue 15,180 14,377 6% 41,299 40,463 2%

EBITDA 2,303 4,124 (44%) 9,129 12,431 (27%)

Navios Logistics Q3 2012 Balance Sheet

20

Selected Balance Sheet Data (in $'000)

Nine Months Ended

September 30, 2012

Year Ended

December 31, 2011

Cash & cash equivalents 59,633 40,529

Accounts Receivable 17,884 31,959

Vessels port terminal and other fixed assets, net 355,586 350,088

Total Assets 633,597 621,234

Senior notes 200,000 200,000

Current portion of long term debt 69 69

Long term debt, net of current portion 544 599

Current portion of capital lease obligations 1,342 31,221

Capital lease obligations, net of current portion 24,106 0

Noncontrolling Interest 577 541

Stockholders Equity (1) 321,588 320,684

Book Capitalization (1) 547,649 552,573

Net Debt / Book Capitalization 30% 35%

(1) Excludes noncontrolling interest

www.navioslogistics.com