World Fuel Services 2011 Annual Report Download - page 25

PART I
Item 1. Business
Overview
World Fuel Services Corporation (the ‘‘Company’’) was incorporated in Florida in July 1984 and along
with its consolidated subsidiaries is referred to collectively in this Annual Report on Form 10-K (‘‘2011
10-K Report’’) as ‘‘World Fuel,’’ ‘‘we,’’ ‘‘our’’ and ‘‘us.’’
We are a leading global fuel logistics company, principally engaged in the marketing, sale and distribution
of aviation, marine, and land fuel products and related services on a worldwide basis. We compete by
providing our customers value-added benefits, including single-supplier convenience, competitive
pricing, the availability of trade credit, price risk management, logistical support, fuel quality control and
fuel procurement outsourcing. We have three reportable operating business segments: aviation, marine,
and land. We primarily contract with third parties for the delivery and storage of fuel products and in
some cases own storage and transportation assets for strategic purposes. In our aviation segment, we
offer fuel and related services to major commercial airlines, second and third-tier airlines, cargo carriers,
regional and low cost carriers, airports, fixed based operators, corporate fleets, fractional operators,
private aircraft, military fleets and to the U.S. and foreign governments, and we also offer a private label
charge card to customers in the general aviation industry and charge card processing services in
connection with the purchase of aviation fuel and related services. In our marine segment, we offer fuel
and related services to a broad base of marine customers, including international container and tanker
fleets, commercial cruise lines, yachts and time-charter operators, as well as to the U.S. and foreign
governments. In our land segment, we offer fuel and related services to petroleum distributors operating
in the land transportation market, retail petroleum operators, and industrial, commercial and government
customers. Additionally, we also operate a small number of retail gas stations in the U.S. and Gibraltar.
We have offices located in the United States, the United Kingdom, Denmark, Norway, the Netherlands,
Germany, Greece, Turkey, the United Arab Emirates, Russia, Taiwan, South Korea, Singapore, Japan,
Hong Kong, Costa Rica, Brazil, Chile, Argentina, Mexico, Colombia, Canada, South Africa, Gibraltar, India
and Australia. See ‘‘Item 2 – Properties’’ for a list of principal offices by business segment and
‘‘Exhibit 21.1 – Subsidiaries of the Registrant’’ included in this 2011 10-K Report for a list of our
subsidiaries.
Financial information with respect to our business segments and the geographic areas of our business is
provided in Note 11 to the accompanying consolidated financial statements included in this 2011 10-K
Report.
Our principal executive offices are located at 9800 Northwest 41st Street, Suite 400, Miami, Florida
33178 and our telephone number at this address is [phone]. Our internet address is
www.wfscorp.com and the investor relations section of our website is located at http://ir.wfscorp.com.
We make available free of charge, on or through the investor relations section of our website, our Annual
Reports on Form 10-K, Quarterly Reports on Form 10-Q (‘‘10-Q Report’’), Current Reports on Form 8-K,
Proxy Statements and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d)
of the Securities Exchange Act of 1934, as amended (the ‘‘Exchange Act’’) with the Securities and
Exchange Commission (‘‘SEC’’) as soon as reasonably practicable after such material is electronically
filed with, or furnished to, the SEC. Also posted on our website are our Code of Corporate Conduct and
Ethics, Board of Directors’ committee charters and Corporate Governance Principles. Our internet
website and information contained on our internet website are not part of this 2011 10-K Report and are
not incorporated by reference in this 2011 10-K Report.
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