KDB Project Finance business in Australia

The Korea Development Bank

July 6th, 2017

Contents

1. Overview of KDB

2. KDB PF Business

3. KDB PF in Australia

4. KDB Representative Office in Sydney

1

Financial Engine of Korea

Supply industrial capital to develop Korean industries

Provide a foundation for sustainable growth

Stablize the Korean financial market

Government Control & Support

Founded in 1954 pursuant to the KDB Act

100% state-owned bank

KDB’s CEO appointed directly by the President of Korea

Government responsible for maintaining KDB’s solvency under the KDB Act

Business Areas

Corporate Banking

Consulting and Research

Investment Banking (M&A, DCM, etc.), Alternative Investment (PF, PEF, etc.)

Corporate Restructuring Retail Banking

Government

100%

KIAMCO KDB Life

Insurance

KDB

Capital

84.2% 85% 99.9%

KDB Bank

Aa2

(Moody’s)

AA0 (S&P)

AA- (Fitch)

Note: KDB Life Insurance and KDB Capital are subject to potential divestment.

1. Overview of KDB

Established in 1954, KDB has accumulated experiences across a wide and growing range of business,

aiming to become a financial engine that drives Korea's growth.

2

1. Overview of KDB (Core Business)

KDB’s core business consists of corporate banking, project finance, investment banking, private equity,

corporate restructuring, and venture capital.

Corporate Banking

Leading provider of corporate loans with clients including

almost all major Korean companies like Samsung, Hyundai,

POSCO, LG, and Daewoo

Financing partner of SMEs with high growth potential, especially

high-tech companies with strong IP assets

Unchallenged leader in domestic project finance, arranging 64

projects valued at KRW13 tr in 2015 alone

Ranked no. 4 in Asian PF loans market in 2015

Growing global platform with four overseas desks in Singapore,

NY, London, and Beijing in addition to solid ties with MDBs

No. 1 syndicated loans arranger in Korea for three straight years

in both KRW- and foreign currency-denominated deals

The “Best Derivatives Provider of the Year in S. Korea” by Asian

Bankers in 2015

Only bank in Korea that provides both advisory and financing

arrangement for M&A transactions

No. 2 PEF house in Korea with 16 funds under management

and total commitments of over KRW8 tr, accounting for a 14%

market share

Anchor investor and LP in funds designed to foster Korea’s

financial sector and promote SMEs, investing in 44 funds with

commitments of over KRW3.8 tr as of end-2015

Most experienced bank in Korea to have successfully led the

restructuring of major industry players such as DSME, Kumho

Asiana, Hanjin, and Dongbu

Emphasis on executing disciplined and proactive corporate

restructuring to minimize social/economic costs and impacts

KDB participated in establishing 34 venture funds valued at

over KRW1 tr as of end-2015 to support ventures and start-ups

with advanced technologies

KDB created Global Partnership Fund to promote international

expansion of Korean ventures

Project Finance

Investment Banking Private Equity

Corporate Restructuring Venture Capital

2. KDB PF Business

3

Overview

Leader of Korean PF Market

- First to Introduce PF to Korea

- Dominant market share in the domestic PF market

※ Total A$115 Billion in 563 projects

Expansion to Overseas PF Market

- Overseas PF since 2006

- Actively participating in global transactions by

cooperating with MDBs, ECAs

- 2015 Overseas PF loan arrangement USD1.3 Billion

※ Total A$ 6.8 Billion in 58 projects

Main Workscope

- Refinery, Liquefaction Facility, Offshore Oil & Gas Plant

- Railway, Tunnel, Logistics, Road, Environment

- Petrochemical Plant, Power & Energy,

- Natural Resources, Airport, Seaport

Global PFI/PPP PF Loans

(2014)

Asia PF Loans

(2014)

Mandated Lead Arranger Mandated Lead Arranger

1. SBI 6.7% 1. SBI 28.9%

2. KDB 6.4% 2. KDB 7.6%

3. SM FG 4.0% 3. IDFC 5.5%

4. Credit Agricole 3.6% 4. Bank of China 5.5%

5. MUFG 3.3% 5. SM FG 4.8%

Global Market Share (PF)

KDB PF in Global Market

Surgil Project USD3,922million

Gas Project

Mandated Lead Arranger

2012 Uzbekistan

Sasol Ethanol Cracker USD 14,050million

Petrochemical Plant

Joint Lead Arranger

2014 U.S.A

Wiggins Island Coal Export Terminal

USD 3,464million

Coal Export Terminal Mandated Lead Arranger

2011 Australia

Liwa Petrochemical

USD 6,345 million

Petrochemical

Mandated Lead Arranger

2016 Oman

2. KDB PF Business

4

Project Finance Center

Project Finance Dept II

Railways Team

Project Finance Dept I Project Finance Dept III

Roads Team

New Business Team (BTL)

Ports & Environmental

Facilities Team

Transportation Finance Unit

Transportation Team I (Shipping)

Transportation Team II (Aviation)

Power Team Ⅰ

Power Team Ⅱ

Energy & Natural Resources Team

Plant Team

Global PF Strategy Team

Overseas Infrastructure Team

Overseas Real Estate Team

Domestic Real Estate Team

New York Singapore

London Beijing

Overseas PF Desks

IFC EBRD

Secondment to MDBs

ADB

* Largely dedicated to overseas

projects

3. KDB PF in Australia

5

Participated Deals

No. Project Year Project AMT KDB Participation State

1 New Grafton Correctional Center 2017 AUD 873 million AUD 78m New South Wales

2 WestConnex (M4 East) Toll Road Project 2017 AUD 3,714m AUD 89m New South Wales

3 West Connex New M5 Road Project 2016 AUD 4,792m AUD 65m New South Wales

4 Millmerran Coal Fired Power Plant 2013 AUD 213m AUD 59m Queensland

5 NSW Port Privatization 2013 AUD 3,945m AUD 137m New South Wales

6 Wiggins Island Coal Export Terminal 2011 USD 3,464m USD 298m Queensland

7 New Castle Coal Export Terminal 2011 USD 2,543m USD 25m New South Wales

8 Water Conversion Plant 2009 AUD 3,716m AUD 15m Victoria

No. Project Year Project AMT KDB Participation State

1 NSW Ausgrid Asset Privatization 2016 AUD 18,258m AUD 300m New South Wales

2 NSW Transgrid Asset Privatization 2015 AUD 10,063m AUD 300m New South Wales

3 Roy Hill Iron Ore Mine Development 2013 USD 12,651m USD 150m Western Australia

Bidded but Failed Deals (Including Dropped Deals)

6

Sydney Representative Office

Opening Date : December 8th, 2015

Location : Suite 3304, MLC Centre, Martin Place,

Sydney, NSW 2000

Tel : 02 9221 3638

Fax : 02 9221 9332

4. KDB Representative Office in Sydney

Thank you.

KDB’s Global Network

New York

London

Tokyo

Shanghai

Asia

Europe

South Pacific

Africa

South America

North America

Guangzhou

Singapore

Sao Paulo

Ireland

Hungary

Tashkent

Frankfurt

Beijing

Seoul (HQ)

Hong Kong

Branch (9)

Subsidiary (5)

Representative Office (8)

Headquarters

Shenyang

Abu Dhabi

Ho Chi Minh

Yangon

Moscow

Overseas

Bangkok

Manila

Quigdao

Sydney