Aurora Downstream Energy — Company Overview

The legal structure and profile, the vision and mission, the strategic positioning and the ownership and governance philosophy underpinning Aurora Energy.

Aurora Downstream Energy Business PlanSection 2 › Company Overview

Section 2 · Business Plan

Company Overview

The legal structure and profile, the vision and mission, the strategic positioning and the ownership and governance philosophy underpinning Aurora Energy.

2.1 Legal structure & profile

Aurora Downstream Energy (Pty) Ltd is incorporated as a private
company under the Companies Act, 2008, with its registered head office
in Johannesburg, Gauteng. The Company will operate as the holding and
operating entity for the integrated downstream platform, with the option
to establish ring-fenced special-purpose vehicles for individual
terminal or depot assets where this improves financing efficiency or
partner alignment. Operations are focused on the four provinces that
together account for the bulk of national LPG and diesel demand:
Gauteng, the Western Cape, KwaZulu-Natal and the Eastern Cape.

Table 3. Company profile at a glance

Attribute Detail
Legal form Private company (Pty) Ltd, Companies Act 2008
Head office Johannesburg, Gauteng
Initial operating footprint Gauteng, Western Cape, KwaZulu-Natal, Eastern Cape
Core activities LPG import, storage, bottling & distribution; fuel trading & supply; logistics & storage services
Reporting currency South African Rand (ZAR), IFRS
Financial year-end 31 December
Empowerment Targeting a Level 2 B-BBEE contributor status with meaningful black ownership
Regulatory perimeter DMRE / NERSA petroleum & LPG licensing; environmental, OHS and SANS standards

2.2 Vision & mission

Vision

To become Southern Africa’s most reliable integrated downstream
energy distributor, enabling cleaner and more efficient energy access
for households, businesses and industry.

Mission

To deliver safe, affordable and scalable energy solutions through
integrated sourcing, storage, logistics and retail networks — capturing
margin across the value chain while expanding access to cleaner fuels
and creating durable economic and social impact.

2.3 Strategic positioning

Aurora Energy operates as a fully integrated downstream energy
platform. Rather than competing as a thin-margin commodity trader, the
Company controls and adds value at each step of the chain — securing
supply, holding strategic inventory, blending and bottling, and
delivering to the customer’s door. This integration is the source of
both margin resilience and service reliability, and it differentiates
Aurora Energy from fragmented independents that lack storage and
last-mile capability.

Table 4. Value-chain positioning and Aurora’s
role

Value-chain stage Aurora’s role Margin / strategic rationale
Sourcing & import Term supply with global traders; throughput at import terminals Security of supply; import-parity economics
Primary storage Secured terminal capacity (coastal) + owned inland depots Buffer against supply shocks; trading optionality
Bottling & blending Owned cylinder filling and bulk blending plant Captures retail/industrial spread; brand control
Distribution Owned tanker/truck fleet plus contracted 3PL Reliability; last-mile reach into under-served areas
Retail & industrial Cylinder exchange, bulk supply, industrial contracts Recurring revenue; customer stickiness

2.4 Ownership & governance philosophy

The Company will be capitalised through a combination of founder and
management equity, strategic and development-finance equity, and senior
debt. Aurora Energy is committed to a governance framework appropriate
to a regulated energy operator and to the expectations of development
finance institutions: an independent-majority board, board committees
for audit-and-risk and for health-safety-environment (HSE), transparent
reporting, and an empowerment structure that delivers genuine black
ownership, management participation and enterprise-and-supplier
development. Governance and board composition are detailed in Section 11
(Management & Organisation).

Positioning

Aurora Energy’s positioning deliberately mirrors the integrated
African downstream model proven by operators such as Oryx Energies,
Rubis (Easigas) and TotalEnergies — where durable margin comes from
vertical integration and infrastructure control rather than commodity
trading alone. The Company’s differentiator is a capital-light entry
that secures terminal throughput instead of building a greenfield import
terminal, accelerating time-to-market while preserving the integrated
margin profile.

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.