World Fuel Services 2007 Annual Report Download - page 3

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In Conclusion
Through determination, hard work and intense focus, World Fuel has become the
most successful fuel services, logistics and finance company in the world.
Our supply and transportation customers benefit from our extensive global presence;
localized domain expertise in multiple markets; robust technical, operational and
logistical support capabilities; a strong balance sheet and a corporate culture
committed to service excellence. People continue to be our greatest asset and we
celebrate an entrepreneurial culture in which innovation is a core competence and
execution a distinct competitive differentiator. Our global team and their commitment
to excellence have enabled us to grow, thrive and take advantage of the many
opportunities presented by a fast changing volatile market. And as oil companies
remain focused on optimizing return on capital in the upstream market and
transportation companies look to manage exposure to their largest single operating
cost, World Fuel is the partner of choice. We have a proven business model and are
uniquely positioned to realize the promise of a global market rich with opportunity.
We have never been more excited about the promise of this young dynamic company.
We want to thank our entire global team for their extraordinary commitment and
shared sense of mission. And to all those who sacrificed so much to make our ERP
platform a reality we owe special thanks. To borrow from Winston Churchill -
“Never…was so much owed by so many to so few.” You have our gratitude.
We would also like to thank our shareholders for their patience throughout this year
of investment and transformation. As large shareholders and stewards of this
franchise we believe wholeheartedly that these investments were critical to building
durable long term value and the best is yet to come.
Paul H. Stebbins
Michael J. Kasbar
Revenue
$ in billions
‘05 ‘06 ‘07
$4.5
$5.8
$7.7
Income from
Operations
$ in millions
‘05 ‘06 ‘07
$35.4
$44.2
$50.8
MARINE
Revenue
$ in billions
‘05 ‘06 ‘07
$3.9
$4.6
$5.5
Income from
Operations
$ in millions
‘05 ‘06 ‘07
$39.9
$56.7
$60.8
AVIATION
Revenue
$ in millions
‘05 ‘06 ‘07
$328
$421
$603
Income from
Operations
$ in millions
‘05 ‘06 ‘07
$0.9
$1.1
$1.2
LAND