Aurora Downstream Energy Business Plan › Section 5 › Products & Services

Aurora Energy’s offering is organised into three complementary
revenue lines that share infrastructure, customers and back-office
capability. The portfolio is deliberately weighted toward higher-margin
LPG, with fuel trading providing scale and logistics services monetising
spare capacity.

5.1 LPG distribution

LPG is the core product. Aurora Energy will supply LPG across the
full customer spectrum — from 9kg and 19kg domestic cylinders sold and
exchanged through a retail network, to bulk supply for commercial,
industrial and agricultural customers delivered into on-site tanks. The
Company will operate a managed cylinder pool under a cylinder-exchange
model, complemented by flexible access options designed to lower the
upfront cost barrier for lower-income households. Owned bottling and
bulk-blending capacity ensures quality control, brand consistency and
capture of the retail spread.

• Domestic cylinders (9kg / 19kg) via exchange network and
  resellers
• Bulk LPG into commercial, hospitality and industrial on-site
  tanks
• Agricultural supply for poultry, grain drying and crop
  processing
• Cylinder management, safety inspection and tank installation
  services

5.2 Fuel trading & supply

Aurora Energy supplies diesel and related petroleum products to
industrial, mining, transport and commercial customers under term and
spot arrangements. This line leverages the same storage, logistics and
credit infrastructure as the LPG business and deepens customer
relationships — many industrial and agricultural customers require both
LPG and diesel. Although margins are thinner than LPG retail, fuel
supply contributes meaningful volume, asset utilisation and
working-capital scale, and positions Aurora to benefit from the
structural shift toward imported product.

• Bulk diesel supply to mining, construction and logistics
  fleets
• Commercial and agricultural diesel, including on-site
  refuelling
• Standby-power fuel supply contracts amid grid
  instability
• Lubricants and ancillary petroleum products (selective)

5.3 Logistics, storage & value-added services

The third line monetises Aurora Energy’s infrastructure and
capability beyond its own product sales. As the Company builds storage,
fleet and a compliance-grade operating platform, it can offer
third-party storage leasing, contracted transport (3PL) and, in later
phases, marine bunkering services. These services carry attractive
margins, smooth utilisation of assets and create optionality for future
expansion.

• Third-party storage and throughput leasing at owned
  depots
• Contracted logistics / third-party haulage for energy
  products
• Tank rental, telemetry and managed-fuel services for
  customers
• Marine bunkering (Phase 3 pilot)

5.4 Revenue contribution

By Year 5, LPG distribution is modelled to contribute roughly 61% of
revenue, fuel trading about 30%, and logistics and services the balance
— a mix that keeps blended margins above pure fuel distribution while
retaining the scale benefits of the fuel line.

Table 9. Revenue by product line (R’m)

Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of Aurora Downstream Energy (Pty) Ltd.