investments ag - rfi summitrfisummit.org/wp-content/uploads/2018/08/fawry_responsability.pdf · gdp...

INVESTMENTS AG

Sarah Djari, Investment Director, Equity, Financial Institutions, Zurich, 26th April, 2018

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WHAT WE DO

Development Investments

Developing countries

Investing for inclusive growth

Inclusivebusinesses

Attractiveinvestments

responsAbility Investments AG

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WHAT WE DO

Source: UN.org responsAbility Investments AG

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RESPONSABILITY AT A GLANCE

Invested in*

companies

Founded in

supervised

240

Offering

14

office locations with HQ in Zurich

Investor base

AuM

Source: responsAbility Investments AG, AuM = Assets under Management

50%

31%

19%

WholesaleInstitutionalsDFI/ IFI

*responsAbility Investments AG is not an investor and does neither provide direct nor indirect financing. The mentioned investments in the specific markets, countries, companies, institutions, instruments, or sectors are exclusively transacted by the investment vehicles managed or advised by responsAbility Investments AG**responsAbility Investments AG is authorized by the Swiss Financial Market Supervisory Authority (FINMA). responsAbility Management Company SA in Luxembourg is authorized as an Alternative Investment Fund Manager (AIFM) by the Commission de Surveillance du Secteur Financier (CSSF)

responsAbility Management

Company SA is supervised by


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Investment volume per country Investment volume per region

in % of totalmore than 3%

1 - 3 %

less than 1%

Asia-Pacific

Eastern

Europe

Sub-

Saharan

Africa

Middle East &

North Africa

Central Asia

INVESTMENT UNIVERSE

Latin America

Other


Private Debt financing

Private Equity investments

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PROVIDING ACCESS

with strong

systematic and

on the ground


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DEVELOPMENT IMPACT 2017

Source: responsAbility Investments AG, as of 31.12.2017YoY = year on year1excluding Fawry, specific data unavailable2excluding PCH, SLCM, Utkarsh & Fawry, specific data unavailable3excluding SLCM & Fawry, specific data unavailable4excluding Utkarsh & Fawry, specific data unavailable

Basic needs:

Clients: 25’122’000(+20% yoy)1

Female: 57%2

Revenue USD 1.2bn (+11% yoy)

Well being:

Taxes paid USD 58m(+18% yoy)

Decent work:

Staff 13’0003

Female managers 27%4

Climate stability:

Green lending USD 589m(+54% yoy)

Markets and Infrastructure New products

launched 6

FINANCIAL INCLUSION IN EMERGING ECONOMIES

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9/24Source: AT Kearney, World Bank Developmental Indicators, PwC, The World Bank Group, IMF, The Global Findex Database 2014, Measuring financial inclusion around the world, World Bank Policy Research; IIF – Center for Financial Inclusion, responsAbility analysis; EM = Emerging Markets, MSME = Micro, Small and Medium sized enterprises, FIs = Financial Institutions. * As of 2016, source Worldbank

Domestic credit to GDP in lower middle income economies 43% vs. 144% in OECD economies*

Huge demand: 2.3 billion adults are still unbanked today

Net interest margins are higher in emerging economies compared to developed countries

Financial services revolutionized by digital technology and mobile solutions

Most EM financial institutions are not (yet) publicly traded

THE OPPORTUNITY

DevelopingMarkets

DevelopedMarkets

GDP growth 5% 1.7%

Credit growth 7% 1%

FIs servingMSME clientsgrowth

>15% -

Our investment focus

Reduced unemployment and income inequality

Enhanced economic growth and expanding businesses

0%

20%

40%

60%

80%

100%

1990 1995 2000 2005 2010 2015 2020 2025 2030

Economies share of World GDP, %

Developed Emerging

FORECAST


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THE OPPORTUNITY


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SME

in emerging

markets is

THE OPPORTUNITY

million

underserved

of the 2 billion

adults without bank

account

estimated potential

up to

Source: IFC 2011; IFC/McKinsey 2012, responsAbility analysis, The Global Findex Database 2014, Measuring financial inclusion around the world, World Bank Policy Research; White Clarke Global Leasing Report, Allianz, Micro Insurance Network, IIF – Center for Financial Inclusion, GSMA MMU databank, Image: Safaricom


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THE FINTECH LANDSCAPE

Source: fibrproject

Improve each process

step of financial

service delivery

Generate increased

efficiency, reduced

unit cost and massive

scale

Increase access

through new delivery

channels

Disrupt specific areas

of financial service

delivery by replacing

traditional financial

institutions


CASE STUDY: FAWRY EGYPT


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NON-CASH PAYMENTS GROWING FAST

Source: World Payments Report 2017. Capgemini, BNP Paribas.


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EGYPT

Please refer to the disclaimer pages and/or the appendixes for the applicable legal information.The source for all information mentioned herein is responsAbility Investments AG unless mentioned otherwise.

GDPUSD 1.2 trn (2017 est.)

GDP growth rate4.1% (2017 est.)

Access to formal banking products25% of population

Mobile penetration>100%

Official nameArab Republic of Egypt

CapitalCairo

Area1,001,450 km2

Population97 million (2017 est.)

Source: CIA, The World Factbook


The mass population does not have a bank account, or does not use one actively

Making payments is a very costly and time consuming hassle

The economy is largely cash based, and informality wide spread

Businesses have little to no access to financing or other financial services

The population is young, agile and carries a mobile, 57% smart phones

Wide-spread entrepreneurship

The regulator has taken an open and flexible approach towards electronic payments

CASE STUDY: FAWRY


Customers

Banks

Service Points /

Channels

Service Providers/

BillersAut

horiza

tion

CASE STUDY: FAWRY

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Egypt’s leading mobile payments providerwith 20 million customers and 1.5 milliontransactions processed daily, and growing byover 30% per year


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CASE STUDY: FAWRY


FAWRY.COM CORPORATE PRESENTATION 2015

STRATEGY OVERVIEW

Merchants

Value Added Services

Loyalty

Logistics Offers

Order

FinancePay

Goods

Loyalty RedemptionConsumer Finance

Integration

In Store

E commerce

Mobile

Fawry Services

CASE STUDY: FAWRY


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CASE STUDY: FAWRY


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CASE STUDY: FAWRY


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PARTICIPATIONS AG INVESTMENT PORTFOLIO

*ProCredit Holding has bank subsidiaries in: Albania, Bosnia & Herzegovina, Bulgaria, Colombia, Ecuador, El Salvador, Georgia, Kosovo, Macedonia, Moldova, Nicaragua, Romania, Serbia, UkraineChart shows the investment portfolio of responsAbility Participations AG; through other vehicles investments in Peru, East and Western Africa, Kazakhstan, Kyrgyzstan, Pakistan, and other countries have been made

*

This information material was produced by responsAbility Investments AG (“responsAbility”) and/or its affiliates with the gre atest of care and to the best of its knowledge

and belief. However, responsAbility provides no guarantee with regard to its content and completeness and does not accept any liability for losses which might arise from

making use of this information. The source for all information mentioned herein is responsAbility unless mentioned otherwise. Any data is purely indicative and is not a

guarantee for future results. The opinions expressed in this information material are those of responsAbility at the time of writing and are subject to change at any time

without notice. If nothing is indicated to the contrary, all figures are unaudited. This information material is provided for information purposes only and is for the exclusive

use of the recipient. It does not constitute an offer or a recommendation to buy or sell financial instruments or services an d does not release the recipient from exercising

his/her own judgment. The recipient is in particular recommended to check that the information provided is in line with his/h er own circumstances with regard to any legal,

regulatory, tax or other consequences, if necessary with the help of a professional advisor. This information material may no t be reproduced either in part or in full without

the written permission of responsAbility. It is expressly not intended for persons who, due to their nationality or place of residence, are not permitted access to such

information under local law. Neither this information material nor any copy thereof may be sent, taken into or distributed in the United States or to any U. S. person. Every

investment involves risk, especially with regard to fluctuations in value and return. Investments in foreign currencies invol ve the additional risk that the foreign currency

might lose value against the investor's reference currency. It should be noted that historical returns and financial market s cenarios are no guarantee of future performance.

Copyright © 2018 responsAbility Investments AG. All rights reserved.

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LEGAL DISCLAIMER


investments ag - rfi summitrfisummit.org/wp-content/uploads/2018/08/fawry_responsability.pdf · gdp...

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