Confidential & Proprietary to Ivanov Petrochemical Group BV
West Cliffs Golf Course

IPG Coastal
Strategic Offsite

Portugal, Q2 2025

April 24–27, 2025
Silver Coast
Classified
Disclaimer: This offsite does not constitute formal strategy development under Group Planning protocols. However, attendance will be interpreted as tacit alignment with all positions presented, whether strategic, behavioral, or recreational. Personal incidents (vehicular, reputational, or otherwise) are to be handled discreetly and without escalation.
Group Overview — FY2024

Integrated Full-Cycle Hydrocarbon Operations At Global Scale

IPG Operations
2.7M
Barrels of Oil Equivalent Produced Daily
$268B
Annual Revenue (FY2024)
26
Refining & Petrochemical Complexes
81,500+
Employees and Technical Operators Globally
47
Joint Ventures and Strategic Partnerships
100%
Of Revenue Tied to Emissions-Intensive Industrial Activity
Heritage

History of the IPG Strategic Offsite

First held in 1999, the IPG Coastal Strategic Offsite was created as a closed strategic forum for executive leadership to engage in long-horizon planning and cross-functional alignment, outside of operational cadence.

Over the past two decades, it has become a defining feature of IPG's leadership culture, functioning as an essential platform for challenging established viewpoints, analyzing systemic macro risks, and reinforcing the unified operational stance of the leadership team.

Board Members 1999
2003
Varna, Bulgaria
2009
San Sebastián, Spain
2013
Prague, Czech Republic (Hostivař PGA)
2015
Antalya, Türkiye
2021
Lofoten Islands, Norway
2023
Scottish Highlands, Inverness
2025
Silver Coast, Portugal — West Cliffs & Praia D'El Rey
Course Profiles

Venue Overview

The 2025 IPG Coastal Strategic Offsite will convene at two of Portugal's most respected and top-ranked golf venues: West Cliffs & Praia D'El Rey.

The venues were selected based on location, course conditions, and their ability to accommodate the full program agenda. Both are accessible via a 15-minute helicopter transfer from Lisbon International Airport, with lodging located directly adjacent to the courses.

West Cliffs Golf Course
Primary Venue

West Cliffs

Ranked among the top 10 courses in continental Europe (#1 in Portugal), known for its coastal elevation changes, strong Atlantic winds, and rugged natural landscape.

Praia D'El Rey Golf Course
Secondary Venue

Praia D'El Rey

Consistently rated among Portugal's best parkland-style courses, offering a more sheltered layout with firm fairways and mature pine-lined routing.

Note: In 2018, John Daly reportedly played both courses twice over a single weekend, citing "good rhythm," the marshal's cart, and a steady supply of B&H menthols, bourbon & diet Pepsi.
Special Engagement

Tiger Woods — Guest Participant

Tiger Woods

We are pleased to confirm the participation of Tiger Woods, who will join the 2025 Coastal Strategic Offsite in a limited, non-competitive advisory capacity.

🏌️ Swing Consultant

Available upon request for individual sessions with delegates.

🎒 Caddie for Pre-Designated Pairings

Tiger will support select delegate pairings in an on-course advisory capacity.

📋 Case Study Session

Navigating DUI-related setbacks while preserving Board confidence, market-facing reputation, and long-term leadership viability.

Protocol: This engagement will be informal and off-record. Participation is optional, but encouraged. No materials will be distributed.
Operational Base

Accommodation

Private Villa at West Cliffs Golf Resort

Delegates will be accommodated in a private villa within the West Cliffs Golf Resort, offering direct access to the West Cliffs Golf Course and close proximity to Praia D'El Rey. The villa has been selected for its privacy, comfort, and suitability for the offsite format.

🛏️ Three en-suite bedrooms with flexible configurations
🍳 Fully equipped kitchen and communal living areas
🌊 Private terrace with views over the golf course and Atlantic coastline
🍷 Access to resort amenities including clubhouse, restaurant, and bar
🅿️ Private parking on-site
Check-in
Thursday, April 24
Check-out
Sunday, April 27
Transport Logistics

Flights & Transfers

Delegates traveling from Prague will make use of the company's Bombardier Global 7500, with direct routing between Václav Havel Airport (PRG) and Lisbon International Airport (LIS).

IPG Bombardier Global 7500
Departure (PRG → LIS)
Thursday, April 24
19:10 → 23:20
Return (LIS → PRG)
Sunday, April 27
16:20 → 22:25

Private ground transfer will be arranged upon arrival in Lisbon. Travel time to West Cliffs Golf Resort is approximately 1 hour 15 minutes by car. Helicopter transfer is strictly available only for designated Board Members; no exceptions will be accommodated.

Note: Final passenger confirmation is required by April 15 for all flight logistics. Please ensure passport details are submitted to the coordination team in advance.
Reminder: This is an all-male offsite. No additional guests or companions permitted (in line with current executive team composition).
Event Coordination

We look forward to your participation in the IPG Coastal Strategic Offsite

For any questions related to logistics, travel, dietary restrictions or schedule coordination, please contact:

Armana Zavařilová
Armana Zavařilová OBE
Event Manager, IPG Executive Operations
a.zavarilova@ip-group.com +41 051 943 88 57