Product NorthStar

Kickoff – Princeton
March 13 2023
Welcome!

S&P Global Commodity Insights 2

Agenda

Monday
• 10:10 – 10:30: NorthStar Kick-off Introduction
• 10:30 – 11:15: NorthStar the Vision
• 11:45 – 12:25: OMD Business run-through, current state
• 12:35 – 13:20: Lunch
• 13:20 – 13:50: Agri Business run-through, current state
• 13:50 – 14:15: Portfolio technical strategy - production line and thin slices
• 14:15 – 15:00: Production line area 1 – Data Ingestion & Storage
• 15:00 – 16:00: Production line area 2 – Data Governance
• 16:00 – 17:00: Production line area 3 – Data Processing
Agenda

Tuesday
• 09:30 – 10:00: Production line area 4 – Business Data Interaction
• 10:00 – 11:00: Production line area 5 – Delivery to Customers (R1, CI UI)
• 11:00 – 11:15: Final production line view
• 11:30 – 12:30: Data catalogue, taxonomy and ontology session
• 12:30 – 13:15: Lunch
• 13:15 – 14:15: Workshop – create the thin slices and SME assigning
• 14:15 – 14:45: Break
• 14:45 – 15:45: Workshop – Creating the data Gannt chart
• 16:00 – 17:00: Step examples through the pipeline
Agenda

Wednesday
• 10:00 – 12:00: Readout and Q&A
• 12:00 – 17:00: Breakout sessions and follow up
NorthStar - The Vision
Crude
Fuels and Refining
Agribusiness
North Star

Creating the leading provider of differentiated and integrated data and

insights for global Agri and OMD markets.

Rationale / Goal
 Accelerate revenue growth by aligning heritage OMD and Agri services, delivering on
client demand for a unified customer experience enabled by the merger
 Deliver an integrated, intuitive solution with an enhanced UX and new deliverables,
improved & unified datasets and refreshed content layout (via PDP)
 Migration and harmonization of h-ENR data and insights leverages h-Platts Technology
and Data framework
Full integration and delivery of Agri and OMD services through a single
intuitive UI.
S&P Global Commodity Insights 7
Why this is SO IMPORTANT!

Focus on operational
High impact, high visibility, big investment excellence,
technology and data
•Investment of $3.1m to deliver $14M rev over three years and
Fulfil the potential
a RR of $8m+ thereafter of the merger

Completely aligned to SPG and CI strategy Deliver a superior

customer experience
Game-changer for FCRS
•Aligns OMD and Agri to Orion and CI tech roadmap Invest in innovation
and capture Energy
Transition
•Delivers an interconnected customer-focused solution. opportunities

Evolve and grow core

•Drives internal efficiency that will facilitate significant revenue benchmarks, data
and insights
growth
…and our future depends on its success! S&P Global Commodity Insights 8
Context

Integration of our heritage services has two phases which to some

extent run in parallel:

• Basic integration of teams, models, forecasts, PDF/XLS

deliverables

• Integration 2.0 aka North Star

Integration ‘Phase 1’ is already in flight and will deliver during 2023
Representing organic / BAU-resourced integration of teams, data and research, product deliverables

Initiative OMD Agri

Model & forecast convergence P P
Integrated teams P P
Single CI ‘Base Case’ P P
Launch of ‘Divergent View’ P O
Create common PDF & XLS deliverables in areas of overlap P P
Some legacy hPlatts & hIHSM deliverables continue ‘as is’ to support heritage P P
client bases
Delivered either / both through Connect and PDP depending on client base P P
Entitlements for hIHSM clients, CSM 1.0, CSM+ and hPlatts non-CSM clients P P
Migration to Advanced Data Workbench O O
Creation of a fully interconnected digital offering O O
Platform retirements O O
Integration ‘Phase 2’ aka Project North Star
Funded acceleration of data, content and tech harmonization / unification for high-value customer experience

Objective refreshed content layout from the extensive and partially

overlapping current deliverables in the two heritage
• Accelerate the migration and alignment of all tech and services.
data components of OMD and Agribusiness with the CI
Technology strategy. • Improves accuracy and speed to market by streamlining
data wrangling, research and publication efforts.
• Deliver an improved, higher value and unified customer
experience through single pane of glass to gain internal • Securing funding enables to accelerate a project that
efficiency, create growth opportunity and accelerate otherwise would likely take years to execute
revenue capture using CSM+
Customer benefits
Rationale
• Single point of access to OMD and Agri data, insights and
• The layout of content and the overall UX is quite different APIs
for heritage ENR Insight (Connect) and Platts Analytics
(Dimensions, PDP). • An improved and unified experience through one platform
and suite of APIs
• Clients have been telling us – in increasingly urgent terms
– we must improve our delivery of data, analytics and • Helps clients “connect the dots” across the heritage
insights. datasets in Oil and Agri as well as Chemicals (Project
Orion), price benchmarks
• The opportunity is to create an integrated, intuitive UX with
new deliverables, improved & unified datasets and

S&P Global Commodity Insights 11

Clients have been pointing the way…

Vitol asking for data feeds for their data scientists “The data lacks integration into a single
platform with user friendly and intuitive
Thai Oil needed 22 data feeds for an AI project using IBM Watson navigation and visualization. Most of the
BP have redesigned all data entry to API going forward products are still published in an excel
format and we expect more digitization
Equinor won’t buy new data unless there is an API and automation. Frankly, your competitors
are far more sophisticated from this
ADNOC (and several others) frustrated by the lack of an OMD API
standpoint” -- Schlumberger
Exxon are using APIs and Snowflake to support data
manipulation in ZEMA and MarketView
Diminishing patience for substandard platform experiences.
Integra called Platts On The Net a dinosaur that he would cancel
if he could. Users at Dow and Eastman report using competitors
because they couldn’t quickly find what they were looking for.
SABIC said PDFs are from the last century
Onyx Commodities: “It is critical to be notified on my phone
when something happens that impacts price”
Private & Confidential 12
Machine delivery is particularly important for traders
“We will see widespread automation of manual processes, “Humans have always played a vital role in
through deployment and uptake of industry-wide platforms trading and understanding futures markets,
built on technologies such as blockchain, machine learning, but we’re no longer relying on human brain
AI and analytics. This will not only speed up processes and power alone,”
remove human errors, but also enable companies to access
up-to-date information digitally.” Cargill CEO

Leigh Henson, Global Head of Commodities, Refinitiv “We want to be able to extract data
and put it into algorithms. We notice In the words of our
that the fundamentals and prices customers…….
Rather than focusing on analytics, some increasingly get out of balance in the
market with the increased volumes
data scientists and engineers are having to
executed by algos”
 I need intelligent data
focus on harmonizing the platforms
before bringing on the data from different  I need insight to cut
Philipp Büssenschütt, EDFT CCO
parts of the company. through the noise
Vitol CIO (Vitol CIO has increased his team to  I need to be connected
more than 100 in the past three years, including
several data scientists)
“In agriculture, metals or energy, the traders everywhere and all the
are looking to gather data on a large
scale and run machine-learning algorithms
time
to find patterns linking fundamentals with  I need clarity
price movements,”  I need ease of use
Etienne Amic, chairman of Vortexa.
 FCRS Agri case study
What they need to achieve:

“
• BASF internal business intelligence team constructing a visual database from various sources I need to join the dots across core crop markets and
•
•
S&P Global selected as the cornerstone information provider
Requirement to efficiently piece together a comprehensive market picture – immediate, short- & long- term
“
regions to directly input into short- and long-term strategic
planning sessions which help decide how we sell and
• Serve core stakeholder groups with interests from short to longer-term investment and portfolio decisions develop markets with different or new services
• Allow the same stakeholders to self-serve - benefit of increased capacity for the business intelligence team
• Connect, navigate and visualize our data and research across time-frames and across industries (ag Greg Heikes,
commodities, crop science, fertilizers) Head of Business Intelligence

What they required from S&P:

Aligned, harmonized dataset they can easily and effectively query and plug into their own database, whilst
calling in relevant unstructured data (documents) through keyword and AI search and taxonomy.

What happened:
• S&P Global has multiple different ag commodity datasets across short- and long-term that have been
separate products and heritages.
• With no data, content or taxonomy integration between them it is impossible to interrogate and connect
both databases as one, nor compare data values for crops, regions and types against each other.
• S&P embarked upon a bespoke piece of work to attempt to navigate around these issues but without the
significant resource required. This was a large drain on commercial, product, research and data.

What was the result:

S&P produced an incomplete bespoke solution which although helped move alignment closer, did not
ultimately meet the needs of BASF.
As a result, BASF decreased spend by $250k down to $400k. Instead of growing the account S&P had to
accept a lower price to keep the business and missed a critical chance to embed ourselves at the core of
BASF business model.

S&P Global Commodity Insights 14

Enhancing our customer’s experience

FROM…. TO….

Complex
contracts

INTERNAL USE ONLY – Private and Confidential 15

North Star principles

Main Principles • Provide a seamless experience for customers who want an

integrated view of prices, news and forecasts
• Markets are interconnected, and so should be our offerings
• Deliver data in a consistent single data structure across FCR
• Customers demanding insights and data delivered fast and (ideally CI)
through a convenient digital channel
• Provide a modern digital-first delivery experience which
• Customers require quality and uniqueness of perspective allows clients to consume (and interact with) our data & insight in
ways which suit their workflow whilst maintaining ‘traditional’
Our future services should: forms of delivery for clients who want it

• Take a customer-centric approach to design and development • Be based on integrated models that eliminate model-to-model
calibration
• Provide insight across multiple time-frames to suit the needs
of different personas who need to take informed transactional, • Be built on a foundational layer of APIs  facilitates delivery
operational, investment and strategic decisions over multiple delivery channels

• Enable customers to easily connect the dots between market • Provide a foundation for building on existing capabilities with
analysis of Crude, Refined Products, NGLs, Chemical coverage of emissions, energy transition, low-carbon marine and
Feedstocks, Ag Commodities & Food, Fertilizers, Crop Protection aviation fuels, chemical feedstocks, retail, sustainable food
& Seed, Animal Health, Biofuels (+ Chemicals, Shipping and production etc.
other CI datasets)

S&P Global Commodity Insights 16

Aspirational Product Vision - OMD
Personas & Use Data (Not Comprehensive) Tailored Experience Delivery
Cases for Key Personas
(illustrative) Markets Market Analysis Platform & Mobile
• Global Crude • ST Outlooks • Single platform
Trading • Refined Products • LT Outlooks • Dashboard: integrated view of news,
Procurement • NGLs • LT Scenarios (ASW) • By Country/Region
prices and market analysis
Sales & Marketing • Feedstocks • Near Term Trading Analytics: • By Frequency of • Data visualisation
• Inform transactional • Base Oils, Lubes arbs and forecast, trade Alert/Notification • Geospatial view
decisions analytics • Alerts
Geographies • Market Indicators • By Delivery Method
• Budgeting • Custom PDFs/XLS on the fly
• Global • Divergent View
• Region • By Type of Content • Export to PPT
Analysts • Market Profiles • Webinar slides/recordings
• Country • Mobility Energy Futures • By Persona
• Access data for in- • Mobile access
• Trading Hubs • Base oil & lubricants
house models • By Industry • Channel Partners
• Validate in-house Assets, Infrastructure & • Technology evaluations (PEP)
view against • Trade flow data and forecast • Scenario Sensitivity
Companies Excel/BI Tools
independent • Producing fields • Inventories tracking and • Data browser
external view • Refineries forecast • Refreshable Excel
• Outages • Models & Tools • Excel Plug In w/Templates
Business Development • Costs, margins & emissions • Legacy XLS files
• Monitor market trends • Company Profiles • PowerBI Connector & Templates
• Identify growth
markets Machine Delivery
Research (Not Comprehensive) Implication for • Rest API – core data
Strategic Planning service design: • Streaming API – real time data
Insights Spotlights
• Support long term We need the ability • Snowflake, FTP and XMLDD
• Market outlook commentary • Recent events commentary
business planning to deliver discrete
• Concise style (bullet points)
• Support asset Experts pieces of data and Live/Curated
• Assumptions
investment decisions • Direct access to experts written analysis. • Webinars
• Changes since last refresh
• Developments in technology • Webinars Avoid monolithic • In-person events
• Regulatory developments • Video? datasets and text. • Curated for execs and client days
• Energy transition

S&P Global Commodity Insights 17

Execution
All technical components of the current heritage businesses researchers and increase potential capacity to create
will be folded into the 11-layer cake and delivered to our new data and insights. Rebuild/migrate all internal
customers via Single pane of glass (CI UI) comprising of the applications used for data processing to a suite of
following elements: common capabilities.
– Data ingestion, storage and governance – Migration – Customer delivery – Deliver all customer outputs
of all datasets (S/D, trade, assets, price forecasts, etc.) through homogenized APIs and Single Pane of glass,
to ADW. Automated ingestion of any manually ingested utilising features already in the roadmap for R1 and
data. Application of data governance, standard Project Orion, as well as replacing uploaded static
taxonomies and ontology to all data in ADW. content such as PDFs and XLS. Build differentiated
– Data processing and internal applications – Migration “app-like” UX for Alternative View.
of all spreadsheets to ADW, automating data modelling
and processing to create a seamless flow for

S&P Global Commodity Insights 18

Entitlements
Aligning entitlements with product delivery
Two heritage offerings Integrated offering
Integration 1.0 Project North Star

hIHSM Forecast Convergence Integrated Product Offering Single Point of

• Crude Oil Markets • Single CI Base Case • Short Term Base Case Customer Delivery
• Refining & Marketing • ‘Divergent View’ launched • ‘Alternative View’ • Platform
• NGL Markets Service • Long Term Base Case • Mobile
• Food & Agri Commodities • Long Term Scenarios • API
• Crop Protection & Seed • Near Term Service • Improved user
• Fertilizers • Infrastructure & Assets experience
• Biofuels
• Animal Health
hPlatts
• Market Insights Crude
• Market Insights Refined Products
• Market Insights Agriculture
Client Delivery

Connect platform & APIs No change CI UI / Single Panel of Glass

PIRA Dimensions [PIRA Dimensions sunset Q4 2023] S&P Global Marketplace (APIs)
Dimensions Pro Connect retired for OMD and Agri
S&P Global Marketplace (APIs)

Pricing & Packaging / Entitlements

CSM 1.0 CSM+ Roll out in parallel, phased Supported Entitlements Supported Entitlements
hPlatts non-CSM migration CSM+ CSM+
hIHSM non-CSM • Crude Oil • Fertilizers CSM 1.0 CSM 1.0 TBD
• Fuels & Refining • Crop Science Non-CSM: hIHSM & hPlatts Non-CSM: hIHSM & hPlatts TBD
• Food & • Biofuels
Agriculture 20
Introduction to OMD Business

S&P Global Commodity Insights

 Content
Building from two powerful heritages

Multiple timeframe
Forecasting Across value chains

Platts ENR Insights- Demand trends

Energy
Decarbonization
Analytics New OMD OMD Industry economics
Transition
• Crude • Crude oil • Crude oil markets
• Fuels & Refining
• Refining (inc. NGLs) •
•
•
•
Refining & Marketing
NGL Markets
Midstream Essentials
Other products
Insights
‘‘
Clarity from noise
Thoughtful advice
Trusted partner

Integrated
Multi-channel del’v Data
Assets, markets, co.

Note: OMD refers to Oil markets, midstream and downstream

S&P Global Commodity Insights 22

Vision for Oil Markets, Midstream & Downstream (OMD),
aka Fuels and Feedstocks

“Essential Insight to make sense of a

complex and transitioning world”

S&P Global Commodity Insights 23

NorthStar delivers on core parts of the CI Strategy for OMD/Agri/FCRS

24
ExCo-3 leadership team in place and key team leaders identified
Expanding legacy structure to execute on integration and innovation, drive business growth and provide
research agenda focus

Head of OMD
Kurt Barrow

LPGs/NGLs &
Near-term Crude Oil Fuels & Product Long-term Petchem
Midstream Alternative View
Forecasting Markets Refining Demand Forecasting Feedstock
Assets
Rick Joswick Jim Burkhard Darryl Rogers Daniel Evans Kang Wu Sandeep Sayal Shin Kim Ravi N.

Short-term forecasting and primary regional expertise

General rational Key new roles within org

• Support the core – ST outlooks and ASW • Carbon emissions – Susan Bell
• Improve focus - demand and refining forecasting • Modeling strategy – Abbas Ghandi
• Expansion - Alternative View and Near-term • Model development – Rick Castillo
• Data quality – Tony Starkey
S&P Global Commodity Insights 25
What do we do for clients?

• Make sense of markets

• Understand today’s market
– What happened recently?
– Is it important?
– Historical context and implications
• Provide data of history and analysis of same
• Forecasting of all things OMD
– Supply, Demand, Trade, Price/margins,
Capacity, Inventory, Infrastructure & more
• Truly integrated modeling – A view from S&P
interconnected datasets (although not commonly
visible to clients currently)

26
 27

Value to Customer: Top-to-bottom

Client Persona/User Type Current Interactions Future State

Increased value (must-have data in easy-to-use experiences)

Exec Engagement

C-Suite Exec Pres CERAWeek, CEO roundtables

EVP/SVP Business owner Thoughts Leadership

Industry thoughts leadership

F2F, curated
Executive meeting, curated content
Strategic Decision-maker/
Chief Economist

API, multiple data delivery and access

(senior management)

Rapid scenarios
Core Market & Industry Analysis & Views

Client-interactive deliverables
Trusted market/technical analysis and advice used
Business Development to make critical business decisions
Competitive Intel Integrated, technically sound, and easy access
Business/Strategy Planning
(working group) Access to experts

POV group
Data, data & more data
Quant Analysis
Quality, comprehensive - unique or “must-
Business/Trading Analyst have” in some cases
Where does our data come from?

• Much of our structured data is from statistical sources

– International Energy Agency (IEA), Joint Organization for Data Initiative (JODI), EU, CanStat, U.S. EIA/DOE
– Country-specific stats
• A lot of internal – mostly structured – data from various groups
– across the Commodity Insight: Platts pricing, GTA trade data, upstream, GPCS,
– FCRS: chemicals, shipping (CAS), biofuels, Midstream Essentials
– Also, data from MI, Mobility, others
• Less structured company sources: ARs, presentations, ad hoc
• Ad hoc: general research

28
 Timeframes of forecasting
Why and for what purpose?

• Incomplete & Inference

• Speed of knowledge - competitive
edge
• Can be real-time / daily / weekly
• Future opportunity

Short-
term
• Core monthly building block
• Seasonal
• Staple for LT view
Long-term
• Annual
• Strategy view
• Cleaner by lags

29
Short-term (ST) / Long-term (LT) data alignment

• Core parts of our data are monthly or annual in nature

• Ideally, we would have one consistent data set (for S/D/T) that spans monthly/annual periods
• Place both monthly and annual (and in some cases weekly and quarterly) into one modelling process
• However, the statistical data is not always consistent across these timeframes
– Different levels of sub-sector detail
– Lack of alignment with historical years (annual data for 2019 does not match monthly sum for 2019)
• Over coming weeks, OMD research will investigate pros/cons and best approach to handle these discrepancies
• Is Orion tackling this issue in petchem data?

• [can we find a small dataset example to place here? Something from IEA for Germany/Japan/US?]

30
Forecasting and insight creation approach
Current situation:
• Today, our forecasting is mostly “expertized” in nature
• Analysts collect and study a wide range of data, information and intel then synthesize it into a market analysis &
forecast
• Forecast is created from this historical/current perspective, antiicaptoin of future developments and drivers from
related forecasts (macro, vehicle trends, weather, feedstocks, etc.)
• Reference points (e.g. break-even economics or prior year levels) are used
• Key approach is analyst interpretation and judgment - limited automation
• Emphasis on a story or narrative that adds “life” to the data and forecast
• Our clients want our views, our certainties, our qualms, our considerations – but also the data/forecast tables.

Going forward:
• Current thinking is to maintain this expertized approach and automate later as team build confidence in new
environment

31
OMD modeling overview for Supply/Demand
Crude Supply – Supply Stack Model
Integrated Balance Model Dynamic Demand Modeling
(Orionized as suitable)

Power CO2
Utility

Orion Modeling
Hydrogen
LPG
NAM (DNA Model)

Gasoline
HN
Crude Fuels
History Supply Stats
Oil Crude/ Refining Aromatics Demand Diesel
Condensate
Supply
Refining
production – LN
Vantage Projects
RCMA Olefins LD HD M AV
(Unified PIMS)
Mobility Models

COTC
Autos
Data
Mobility
Model
Gas NGL to Petchem
Processing LPG Sales
Gas Production Dry Gas

• Supply/Demand only, excluding Pricing & Trade

Excludes Agri and shipping
S&P Global Commodity Insights 32
Examples from Connect

• US Refining STO
• Asia/China ASW Excel and PPT
• Brazil market profile
• [model example – L/H Naphtha model?]
• Spotlight/memo

33
 Alt View Products on CI UI – rough sketch Illustrative only
*To be developed

Web version • Add branding Mobile version

• Arrow/scroll on website
• Search across all products • Each graphic fully visible on cell phone
Posts • Chartbooks downloadable into pdf Storyboard & Balances Storyboard & Balances
Storyboard
text details text
• Scroll through feeds No Russian
• No Russian losses in
2022 or 2023
details text details

losses in 2022 • Unexpected May and

June tightness driving
or 2023 more current strength in oil
details text more prices
Posts Posts
• No Russian losses in 2022 or
• Posts expandable details text more
• Economics and
elasticity no longer • Hover over charts for datapoints No Russian 2023 No Russian
details text [hide] matter losses in 2022 • Unexpected May and June
losses in 2022
with more • All chart data downloadable or 2023 more tightness drivingor current
2023 more
details/bullets details text more
•
strength in oil prices
details text more
Economics anddetails
elasticity
Unexpected May text details text details text more text no
more
• No Russian losses in details text details text details text details text [hide] longer matter details text [hide]
and June tightness 2022 or 2023 details text details
• Tags (oil, refined, driving current • Unexpected May and
June tightness driving
strength in oil current strength in oil
ngls, demand, prices more details •
prices
Economics and Unexpected May Unexpected May
supply, etc) text more details text
more details text
elasticity no longer
matter
and June tightness
driving current
and June tightness
driving current
[hide] strength in oil strength in oil
prices more details prices more details
text more details text text more details text
Economics and Balances & F’casts more details text
[hide]
more details text
[hide]
elasticity no longer
matter more details • Balances downloadable into xls
text more details text
more details text Economics and Economics and
[hide] elasticity no longer elasticity no longer
matter more details matter more details
text more details text text more details text
• Archive (link to a page more details text more details text
[hide] [hide]
with list of past
storyboards and balances)

• Too busy? • Dashboard of widgets? Workspace (Bbg launchpad)? • Just ideas; can we make it less like Instagram?
• Too much clicking?

S&P Global Commodity Insights 34

Key questions to address (the hard things)
NorthStar/CI decisions (needed early as possible)
• Finalize on taxonomy for NorthStar (current CI approach)
• Maintain DataPlatform or move to ADW DB? (and retire Shojoo?)
• Create generic research interface for S/D/T forecasting. What does Orion/others have?
• Low-friction creation/publication tool for longer/complex reports onto CI UI (including figures, maps, chapters…)
Research decisions
• Decide on unified ST/LT data consistency
• How to integrate RCMA into RP supply?
– Change forecasting sequence to Demand  Trade  Supply target for RCMA RP supply?
• How to integrate L/H Naphtha model/petchem feedstocks into ASW/ST S/D modeling?
• Rebuild or rethink pricing models before coding into ADW? What is Orion doing?
Other considerations
• Ensure legacy employee access to all relevant systems

35
Introduction to
Agribusiness
Agenda

• Evolution of Agribusiness & Commodities 3

• Agribusiness sector coverage 4
• Interconnectivity of Agribusiness within FCRS 5
• The NEW Biofuels Service — building on three leading services 6
• Agribusiness Leadership Team 7

S&P Global Commodity Insights 37

Evolution of Agribusiness & Commodities
Businesses acquired by Informa Informa Agribusiness Intelligence IHS Markit Agribusiness S&P Global
2010 — 2015 2016 — 2018 2019 — 2022
• Focus on fully digitizing legacy print • Focus on re-aligning the business through March 2022
• Acquisition by IHS Markit Merger with S&P
information business significant investment and innovation
• Migration to IHS Markit ‘Connect’ Global CI and as part
• Strategic acquisitions to deepen expertise and • Unify go-to-market strategy across key
• Move to solutions selling approach of new FCR BL
grow forecasting and pricing discovery market verticals

Agribusiness

1963 // 2010 2011 2012 2013 // 2016 2017 2018 2019 2022 2022

• Agra • Agrow • Portfolio • Fertecon • Phillips • IEG Vantage • IEG Vu launched • Phillips • July 2019 Transition to ‘Connect’ h-IHSM Agribusiness
formed and moved acquired McDougall launched (Public Ledger, McDougall acquisition by with descriptive and Platts
producing Animal online acquired replacing Dairy Markets & new online IHS Markit service offerings: Agriculture Analytics
Food News)
agriculture- Pharm only • Doyle legacy intelligence • Rebranding and • Crop Science merger
focused join the • Print Informa • Agrow and Animal service
Trading integration as • Animal Health
publications portfolio publications Economics Pharm new platform launched
Consultant ‘Agribusiness’ • Fertilizers
closed s acquired brand • Fertecon new • Completion • Addition of • Commodities
• Agribusiness platform of sales and ECR’s Ag P&P and Food
Intelligence • Agribusiness go-to-market Agri service
launched Consulting formed repositioning New products launched
resulting in double-digit
• IEG Policy launched
(Agra Europe, Issue revenue growth
Monitor, Food Chemical
News & EU Food Law)

S&P Global Commodity Insights 38

 Agribusiness Sector Coverage
Food & Agri
Crop Science Fertilizers Animal Health Biofuels Policy
Commodities
Market Reporting: Current Information: Market Reporting: Market Reporting: Market Reporting Policy Reporting:
Daily insight on product, Market reporting service for Daily insight on the Daily market news, weekly & Economics: Daily reporting on
companies, regulation, fertilizer markets and livestock and companion and monthly price data for Daily market news, plus agricultural policy and
technology and trends materials with >150 weekly animal health industry, thousands of food and monthly balances data food law developments from
across the agrochemical price assessments, trade, product approvals, agricultural commodities covering production, trade, key regulatory hubs in
and GM seeds industry. shipment lists, vessel interviews, company with production and contract and spot prices for Europe and North America.
tracking, company and financials, patent and company monitoring. fuel, beverage, industrial
Market Analysis & Data: Coverage Areas:
market news. industry rankings. and pharmaceutical
Crop protection and seed Market Economics: – Trade and farm policy
grades of ethanol, biodiesel
market data. Analysis of Market Analysis & Data: Market Analysis & Data: In-depth research and – Environment
and feedstocks, with
product market size, Deep market analysis with Data and analysis short-term supply, demand, and technology
short-term forecasting.
market share, sales, trade short-term and long-term supporting the animal trade and price forecasting – Food and health policy
and patents. Current and forecasts of fertilizer prices, health industry, with animal across major agricultural Coverage Areas: – Advertising and labeling
forecast data by product, production cost analysis, inventory and forecasts, commodities markets. –Ethanol – Food safety
brand, manufacturer, crop, supply, demand and trade animal commodity price –Biodiesel and standards
Long-term outlook:
country and sector. out to 2035. and production data and –Feedstocks – Traceability,
Forecasts to 2035 for
macroeconomic data for supply chains
Coverage Areas: Coverage Areas: agri-commodities price,
major markets.
–Pesticides –Ammonia supply, demand and trade
–Biological products –Nitrates Coverage Areas: for major markets.
–Seed / GM crops –Urea – Antiparasitics, vaccines Key personas served:
Coverage Areas: –Buyers / procurement / sourcing
– Commercial –Potash and pharmaceuticals
–Crops –Traders (physical & financial)
– Digital / Precision –Phosphates – Diagnostics, technology
–Proteins –Short-term analysts
agriculture –Sulfur and equipment
–Softs –Long-term analysts / strategic planning
– Regulation –Sulfuric Acid –Nutrition
–Foods and ingredients –Strategic marketing / product management
–Generics
–Commercial –Licensing, M&A, business development
–Regulation –Research & development
–Competitive intelligence
–Financials: equity research, hedge fund / quants, investment
–Policy, compliance, regulatory, corporate affairs

S&P Global Commodity Insights 39

Interconnectivity of Agribusiness within FCRS

Shipping

Macroeconomics

Crop Protection

Food & Feedstocks

Animal Health Agri Commodities

Biofuels
Natural Gas Fertilizers

Energy Transition
Mining Commodity Chemicals Refining
(Ammonia)

S&P Global Commodity Insights 40

Exciting landscape of FCRS Agribusiness data & content assets and systems
Sector Heritage Structured data Content & data publishing Client platforms
hPlatts CCP Platts Dimensions Pro
Excel
hIHSM – ECR (& other hPlatts) (+mobile)
Food & Agri
hIHSM – Agri (Licht)
Commodities
hIHSM – Agri (F&ACE)
hIHSM – Agri (F&ACMR) Access Agri content studio Platts Dimensions

hPlatts
Biofuels hIHSM – OMD Snowflake Phoenix Platts Market Center
hIHSM – Agri (Licht)
Data viz: Tableau,
SQL Agri platform (F&ACE)
Infogram, Power BI,
Fertilizers* hIHSM - Agri
Connect
IHS Data Platform Licht Data (Pascal)
(+mobile)
Crop Protection hIHSM - Agri
Elastic Search Licht Interactive Data

Animal Health hIHSM - Agri + more APIs & Feeds: Data Lake API
Agri platform API Connect NewsML feed
Connect API ‘Agra-net’ prices API
Connect Data Browser API F O Licht API
S&P Global Commodity Insights 41
*Fertilizers price assessments moved to MRTS, transitioning to hPlatts price
The NEW Biofuels Service — building on three leading services
NEW integrated Biofuels Service
Platts • News, prices fundamental analysis/
Integrated with insights, data, access to analyst's
refining, ET, price forecasts — 18 month and LT
Price, US
coverage • Global view, regional expertise
• Full coverage Fuel ethanol,

BVCS New Biodiesel, Renewable diesel +

Maritime ren fuels, bio-naphtha, bio-

Biofuels
Long-term LPG
integrated with
refining • Ag and waste-based feedstock
analysis plus conventional and
CSM+ advanced 2G, 3G, biomass, biogas
FO Licht • Regulatory and credit market
Granular
analysis
historical &
outlook data. • Biofuels Margins Simulator
European
coverage • Close links and synergies retained
with OMD, Ag, ET and Consulting

S&P Global Commodity Insights 42

Agribusiness Leadership Team

Phil Solomon
Vice President,
Agribusiness,
UK

Allan Pickett Patricia Luís-Manso Christoph Berg Nick Edwards

Head of Fertilizers, Head of Softs, Crop Head of Biofuels, Head of Food &
UK Science & Animal Germany Commodities and
15 Analysts Health, Switzerland 12 Analysts Policy, UK
32 Reporters 58 Reporters
& Analysts & Analysts

Fertilizers Soft Commodities Biofuels Food & Commodities

and Policy
Crop Science

Animal Health

Product Management Sales Technology People Client Support Consulting

Richard Lee EMEA/US — Toby Webb Andy Winter Cindy Weiss Dani Guadagni Tom Scott
APAC — Alena Barford

S&P Global Commodity Insights 43

Portfolio technical strategy
Production line and thin slices
Portfolio Technology Strategy

The portfolio technology strategy is the “how” in regards to migrating business lines in the portfolio to the 11 layer cake.

We build frameworks to align the technology organisation across the portfolio and we fold all data, processes and
applications into the Layer Cake - powering the Single Pane of Glass (CI UI) and enable CMS Plus.
Capability Platforms
Multiple
1000 +

MACHINE DELIVERY PLATFORM (API, FEEDS)

Mobile Delivery Commodity Insights MOBILE PLATFORM

Customer
Delivery
Internal
ingestions Commodity Insights Web Delivery PLATFORM
Apps Desktop Delivery

ENTERPRISE DATA CATALOG

ENTERPRISE ONTOLOGY
Pricing and PRICE REPORTING PLATFORM
Duplicated Benchmarks

Value Add
data flows Complex Content Creation CONTENT CREATION PLATFORM

workflows Analytics Modeling ADVANCED DATA SCIENCE WORKBENCH

30+ years Golden source data

DATA PLATFORM
of Excel 1000 + Linked repository

Ingestion
Content
Data Ingestion &
“systems” Excel Linking
DATA PIPELINE

Platform Services IDM, LOGGING, ARCHIVING, eMAIL, INSTANT MESSAGING

45
Portfolio Technology Strategy
Regardless of the business line, the technology for the portfolio can be broken into five key areas:

Data Business/
Data Data Delivery to
ingestion & Data
governance processing customers
storage interaction

To execute the strategy we need to work through each key area like a production line.

The first thing we need to do is identity the “slice” that we are going to send through the production line. The slice should be
lowest manageable area that has SME knowledge. This may naturally select itself if we are executing an IMO project or a PRB
item from the product road map. If it is too broad we then need to break it down to manageable slices. For example: Agribusiness
– Commodities – Proteins – Pork

Top level steps to execute the strategy:

1. Work through projects as dictated by business and customer priorities (IMO & PRB)

2. Identify the slices

3. Move the slice through the framework for each area like a production line

4. Align with R1, R2, R3 and R4 as well as GTM activity to launch

46
Production line area 1 – Data Ingestion & Storage
Portfolio Technology Strategy – Data ingestion & Storage
Target state: All external data is ingested through BICS or KAPOW & stored in ADW.
Data ingestion Where automation is not possible, standardised curation tooling will be used for
manual data collection and also stored in ADW

Current State Future State

Bespoke
BICS/KAPOW
ingestion tools DBs
DBs
E E
x VisualCron
VisualCron
APIs x
t t ADW
e e
r r
Standardised
n n Curation tooling
a DBs a
l DBs l

D D
a a
t Bespoke t
a Internal Apps a

48
Portfolio Technology Strategy – Data ingestion & Storage
Target state: All external data is ingested through BICS or KAPOW & stored in ADW.
Data ingestion Where automation is not possible, standardised curation tooling will be used for
manual data collection and also stored in ADW

Top level steps to execute:

Data Audit: Audit and catalogue of all data that is being ingested and how
Automated ingestion: Ingestion through BICS/KAPOW of all manually ingested, or non standardised automated ingestion
Manually ingest data: Set up of workflows in standardised UI for all data that genuinely can’t be automated
Portfolio Technology Strategy – Data ingestion & Storage
Target state: All external data is ingested through BICS or KAPOW & stored in ADW.
Data ingestion Where automation is not possible, standardised curation tooling will be used for
manual data collection and also stored in ADW

Is it already Yes
automated It’s in ADW
through
BICS/KAPOW
Yes
No
Do we already
have the data
ingest Pass to
automated? BICS/KAPOW
No Yes

Can it be
automated
No
Ingest through
standardised
curation tooling
Production line area 2 – Data Governance
Portfolio Technology Strategy – Data governance
Target state: Data is discoverable, described, validated.
Data governance Training paths provide a starting point for understanding and getting started with the data.

Top level steps to execute:

 Data Described in Data Catalog: All metadata (data about data) is ingested, critical data is defined in the data catalog,
named accountable and responsible parties manage data
 Master & Reference Data Aligned: Master and reference data identified and brought in alignment with globally unique
identifiers
- Master data – Harmonized information about the entities that traverse business transactions
- Reference data – Controlled sets of permissible values that group data intended for wide reuse
 Data Quality is Fit for Purpose: Critical data has appropriate data quality checks (collaboration)
 Data Rights Described: Known data restrictions are described using open source standards and appended to data catalog
(for example - no derived works, no external use, not for sale outside US)
 Data Literacy Learning Paths Established: Learning paths created for each data domain, pulling information from SMEs

- Frees up time of SMEs and reduces information sharing bottlenecks

52
Portfolio Technology Strategy – Data governance
Target state: Data is connected for interoperability
Data governance

Top level steps to execute:

Map to enterprise Ontology: Relevant data is mapped to enterprise ontology using URIs, allowing data to be connected to
interoperability layer
Perform de-duplication of assets: Deduplicate assets to ensure globally unique mapped records (continuous)
Standardize Taxonomies: Reference data is brought under control with standardized taxonomical lists that are aligned with
external strategies to maximize external data interoperability
S&P Global
Data mapping Enterprise Knowledge Graph
Linked Data
-> unique asset ID repository
Source Data Automate Queries De-dupe Publishing Platform

people

+ Fetch assets
User interface,
Correct and enhance source data API

platforms

CI
Data mapping
Production line area 3 – Data Processing
Portfolio Technology Strategy – Data processing
Target state: All data processing is moved from Excel to ADW where possible. This
Data processing includes all modelling as well as the more basic calculations. All customer outputs
(tables and charts) will also be removed from Excel

Current State Future State Industry standard

models
Bespoke
ingestion tools
DBs
DBs ADW
E E
x x
t t Content
Processing Modelling
e e Creation
DBs
r DBs r
n n
a a
l l

D D Analysts and researchers

a a
t t
can interact with the data
a a at various stages of the
flow as/if required using a
generic tool

55
Portfolio Technology Strategy – Data processing
Target state: All data processing is moved from Excel to ADW where possible. This
Data processing includes all modelling as well as the more basic calculations. All customer outputs
(tables and charts) will also be removed from Excel

Top level steps to execute:

Excel Audit: Audit and catalogue all Excel files for each recognised area
Migration of processing: Migrate/rebuild calculations in ADW – working closely with SME(s) to ensure it is rebuilt and not a
lift and shift of an Excel workbook, unless appropriate
Migration of modelling: Migrate/rebuild models in ADW – working closely with the SME(s) to guide the methodology
Detailing of customer outputs: Catalogue all required customer deliverables. Produce BI dashboards where required, or
deliver via CI UI tools on the later stage
Technology Strategy POC: Agribusiness Monthly Pork Price Forecasting

Data
ingestion &
Data Data
Business/
Data
Delivery to Key Outcomes & Challenges:
governance processing customers
storage interaction
• Business continuity preserved
Problem: Eurostat API changes would require analyst to manually • Significant savings in manual effort on a
update 38 interconnected Excel files, with risk of not delivering go-forward
monthly reporting to clients
• Improved model outputs for price
forecasts
Solution: Evolve research process to leverage CI technology
capabilities while preserving business-line continuity and aligning • Automated delivery via BI tooling (in
with CI overall technology strategy progress)
• How to support manual “massaging” of
Teams: BICS (Jason Holden), DS ADW (Tony Sweet), DO Genesis
(Suruchi Choudhary), FCRS Agri (Vasu Tripathi)
model result sets
• Excel functions not replicated exactly in
Approach: Apply tech strategy sequentially at high-frequency Python
iterations over solution • Business line SME input critical across all
phases

S&P Global Commodity Insights 57

Initial State

Data Business/
Data Data Delivery to
ingestion & Data
governance processing customers
storage interaction

S&P Global Commodity Insights 58

End State

Data Business/
Data Data Delivery to
ingestion & Data
governance processing customers
storage interaction

BI published to Connect

S&P Global Commodity Insights 59

Production line area 4 – Data Business interaction
Portfolio Technology Strategy – Business/Data interaction
Target state: Analysts/Researchers are able to view and edit data in ADW via
Business/Data standardised tools. This gives the ability to modify the output of models, work with the
interaction models or raw data that powers models and calculations. All internal tools are
consolidated into a single internal UI

Current State Future State

ADW
DBs DBs DBs
DBs DBs DBs
Content
Processing Modelling
Creation

NTSDM

Assets DB Agri Studio

LNG Tool 1
OMD Toolkit
LNG Tool 3 Common capability
PEP
platform
IE Data LNG Tool 2
Agri Addin
Data platform
Roadgen Addin ADW Tools DMI View 2 View 3

“UI launch pad”

ADW Tools
Snowplow
Appian
…. 61
…..
Portfolio Technology Strategy – Business/Data interaction
Target state: Analysts/Researchers are able to view and edit data in ADW via
Business/Data standardised tools. This gives the ability to modify the output of models, work with the
interaction models or raw data that powers models and calculations. All internal tools are
consolidated into a single internal UI

Top level steps to execute:

Development of internal UI: Completion of the current project to architect and build a generic internal UI interface
Strategy and tool selection: Identify the tool and process to allow analysts/researchers to interact with models
Consolidation of tools: Identify current internal tools that can/should be consolidated to offer a single interface across
different business lines
WIP Link to the decision tree image
Production line area 5 – Customer delivery (R1 CI UI)
Portfolio Technology Strategy – Delivery to customers
Target state: All data and product is delivered through CI UI utilising CSM+. All
Delivery to previously manually created content is dynamically delivered through CI UI. As CI UI
customers is the single pane of glass, it can source content and data from all existing systems.

Current State Future State

Connect PDP CI UI Connect

Data
Phoenix CCP ADW
Platform ADW CCP Phoenix

Data
Platform

65
Portfolio Technology Strategy – Delivery to customers
Target state: All data and product is delivered through CI UI utilising CSM+. All
Delivery to previously manually created content is dynamically delivered through CI UI
customers

Steps to execute:
Identify the feature gaps: Identify all feature gaps between PDP and Connect – as well as additional customer
requirements
Roadmap: Create a roadmap that shows when each feature will be delivered, allowing business lines to plan product
launches
Deliver!: Deliver product in CI UI to plan
 Schlumberger Tech Corp
ADNOC
(Sept 14th, 2022)
(July 26th, 2022)

While the info is useful, I I think the depth and breadth of the data is
still have to log on to excellent and I appreciate the level of expertise that
multiple portals. Wonder if exists in both IHS and S&P.
there are plans to However, the data lacks integration into a single
platform with user friendly and intuitive
consolidate further
navigation and visualization. Most of the products
are still published in an excel format and we expect
more digitization and automation. Frankly, your
competitors are far more sophisticated from this
standpoint.
EG Retail Netherlands
(Sept 16th, 2022)

Too many portals for

VOC different applications!

Ideally there should be 1
login
Gen-I
(April 13th, 2022)

I am using commodity insights for LNG.

I find it very confusing that there are
BASF SE multiple platforms (Dimensions,
(Sept 28th, 2022) Dimensions PRO, LNG Navigator,
Access to the product should be Connect) containing some duplicated
made easier - especially the and some unique information. Please,
1,000,000 login pages per product please, join all information related to
make it difficult to keep track. It same commodity on a single
would also be helpful to have a website/platform as soon as possible.
dashboard where you can find all
current subscriptions for ALL S&P *Starts March 7
products.
S&P Global Commodity Insights 67 67
 It provides our users access to all

About the Commodity Insights User Interface (CIUI)

SPGCI content on a ‘single pane of
glass’. This approach minimizes
disruption to current workflows of our
key researchers, reporters and analysts
– whilst enabling business lines to move
fast, in a controlled way.
- Stan Guzik (CTO)
What it is:
• Aims to deliver a superior and integrated customer experience with
benchmarks, news, research, data & insights for global commodity
markets
• Content rich, central parent platform which is the entry point for existing
and future content from both heritage organizations
• Aims to consolidate the experience for users utilizing content and insights
from Connect, PDP, PMC, Dimensions, Benport, LNG Navigator and
others
• Positioned as ‘one’ platform that supports the commercial transformation
for SPGCI (i.e., CSM+)
• Relevant to cross-persona use cases with a focus on a consistent CX
across all commodities/business lines

What it is not:
• It does not aim to replicate or recreate legacy platforms
• It does not pursue perfection on Day 1……it evolves and enhances
quickly based on VOC

How does it come together:

• Design  VOC + SME Workshops + Leverage Tech Components
• Execution  Monthly, quarterly releases into production
• Brand  Marketing/branding experts to determine the name of this portal
around a planned major release in Q3 2023
 Our interactive roadmap allows us to build dependencies to IMO and PRB

Understand the roadmap progress of CIUI projects to see what is in the critical path, which prompts discussion, informs
decisions and delivers value in an accelerated way to our customers.
(as of Feb 2023) Existing tools remain part of internal workflows with all resulting content being
surfaced through the ‘CIUI’ (Phoenix, PowerBI, Snowplow)
- Andy Winter (Development & Delivery Lead)

What about Connect and PDP? CIUI High-Level 2023 Roadmap (for internal use only)

• CIUI aims to leverage components from Connect and PDP

• Gap analysis conducted in Q4 2022 resulted in key feature gaps, which
was then prioritized based on VOC, usage analytics and input from
SME. For example: ads
e
 Landing Pages for a non-market data persona, Common mt. L
Navigation and Info Architecture, Embedded BI dashboards g
(Power BI, Tableau, Spotfire), Data Browser capabilities, Etc. ro dM
P
• Feature gaps have been sized and mapped to a 2023 roadmap/release by
plan (corelated to IMO & PRB projects) IP
W
• Select SMEs participate in design workshops to influence the design
and experience of CIUI
• Execution teams also work in close collaboration across SPGMI
(Connect) and SPGCI (PDP) to drive results and 2023 on-time delivery Link to CIUI Detailed 2023 Roadmap (for internal use only)

How does CSM+ integrate with CIUI?

• CSM+ will roll-out in a parallel planned and phased approach starting
May 2023
• Users will access multiple platforms (as they do today) to enjoy the
benefits of a CSM+ subscription. But as the CIUI matures over the next
12+ months, users will be able to go to one platform / one experience to
access their CSM+ subscription
CIUI Internal Workflows – Example 1
Three examples of common h-ENR workflows to illustrate the power of the Single Pane of Glass CIUI and no changes to current internal workflows.

Example 1: Researcher driven PowerBI dashboards – showing continued delivery to Connect

(during the build, delivery and planned/phased transition to CIUI)
CIUI Internal Workflows – Example 2
Three examples of common h-ENR workflows to illustrate the power of the Single Pane of Glass CIUI and no changes to current internal workflows.

Example 2: Content creation through Phoenix– showing continued delivery to Connect (during the
build, delivery and planned/phased transition to CIUI)
CIUI Internal Workflows – Example 3
Three examples of common h-ENR workflows to illustrate the power of the Single Pane of Glass CIUI and no changes to current internal workflows.

Example 3: Researcher driven APIs– showing continued delivery to Connect (during the build,
delivery and planned/phased transition to CIUI)
Final Production line view
 End state
Business/
Data Data Data Delivery to
Data
ingestion governance Processing Customers
interaction

The full power of the organisation

as opposed to a single team
Data Organisation

E
x Data Governance
t CI UI Connect
e Data Storage
r
n Ingestion
a BICS/KAPOW
Processing Modelling Content
l Creation
CCP Phoenix
D
a
t
a Standardised
ADW Tools Generic internal UI Interface
curation tooling

View 1 View 2 View 3

Data catalogue, taxonomy and ontology session
Workshop – Create the thin slices and assigning SME’s
Workshop – Creating the data Gannt chart
Workshop - Step examples through the pipeline