marubeni corporation ~trader and investor in portugal~ · (ggnd) together with toho gas in october...
TRANSCRIPT
Marubeni Corporation
~Trader and Investor in Portugal~
Presentation for Portugal Exportador 2016
November 2016
C Marubeni Corporation All Rights Reserved. 1
Marubeni’s Overview
Head office : Tokyo, Japan
Foundation : 1858
Incorporation : 1949
Representative : Fumiya Kokubu (President & CEO)
Shareholders’ equity * : JPY 1,317bil (EUR 11.0bil)
Consolidated net profit : FY2013 JPY 210.9bil (EUR 1.8bil)
: FY2014 JPY 105.6bil (EUR 0.9bil)
FY2015 JPY 62.3bil (EUR 0.5bil)
Offices : Japan 12 offices
Overseas 120 offices (67 countries)
Employees * : 39,914 (consolidated)
Subsidiaries & affiliates : over 450
(As of 1 April 2016, except * as of 31 March 2016 )
a global trading and investment company
C Marubeni Corporation All Rights Reserved. 2
Marubeni’s Organization
(As of October 1, 2016)
C Marubeni Corporation All Rights Reserved. 3
Marubeni’s Business
Wide range of business with 18 divisions in 5 groups.
Chemical & Forest
Products Group
Food & Consumer
Products Group
Energy & Metals
Group
Power Projects &
Plant Group
Transportation &
Industrial Machinery
Group
C Marubeni Corporation All Rights Reserved. 4
Marubeni’s Management Philosophy & History
In accordance with the spirit grounded in “Fairness,
Innovation and Harmony”, the Marubeni Group is proudly
committed to contribute to social and economic
development and to safeguard the global environment by
conducting fair and upright corporate activities.
Company Creed
Management Philosophy
“Sei, Shin, Wa” which means “Fairness, Innovation and
Harmony” has been our company creed since the
company's foundation.
Having started its business peddling Ohmi linen in 1858,
Marubeni has grown and made steady progress as a sogo
shosha (general trading company) while expanding its
businesses.
Our History
Chubei Itoh began peddling
Ohmi linen in 1858.
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Overseas Locations (120 offices in 67 countries)
North & CentralAmericaChicagoGuatemala CityHoustonLos AngelesMexico CityNew YorkOmahaQueretaroSilicon ValleyTorontoVancouverWashington, D.C.
South America
Bogota
Buenos Aires
Caracas
Havana
Lima
Rio de Janeiro
Salvador
Santiago
São Paulo
EuropeAthensBucharestBudapestDüsseldorfDerbyHamburgLondonMadridMilanParisPragueRisleyWarsaw
CISAlmatyAstanaKhabarovskKievMoscowSt. PetersburgTashkentVladivostokYuzhno-Sakhalinsk
AfricaAbidjanAccraAddis AbabaAlgiersCasablancaJohannesburgLagosLuandaMaputoNairobiTripoli
Middle East
Abu DhabiAmmanAnkaraBaghdadCairoDohaDubaiIstanbulKuwait CityMuscatRiyadhTehran
Southwest AsiaChennaiChittagongDhakaGoaIslamabadKarachiKolkataLahoreMumbaiNew Delhi
ASEANBangkokHanoiHo Chi MinhJakartaKuala LumpurKuchingManilaNay Pyi TawPhnom PenhQuang NgaiSibuSingaporeVientianeYangon
Oceania
Auckland
Melbourne
Perth
Sydney
Sapporo
Sendai
Tokyo
Shizuoka
Hamamatsu
Nagoya
Osaka
Fukuyama
Hiroshima
Imabari
Fukuoka
Naha
Japan (12 offices)
Japan
Oceania
Asia
Africa
Europe
North & Central America
South America
China / East AsiaBeijingChangchunChengduDalianGuangzhouHong KongKunmingNanjingQingdaoSeoulShanghaiTaipeiTianjinUlan BatorWuhanXiamen
CIS
Middle East
Marubeni’s Global Network
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Marubeni’s Activities in Europe, CIS & Africa
Priority Sectors
Infrastructure- Offshore wind & gas-fired power
- Electricity consolidation
- Gas midstream, water, transport, etc.
- Waste incineration, onsite cogeneration
- Privatisation / PPP projects
- Industrial plants
Natural Resources & Energy- Distribution and transportation
of raw materials for petrochemical
products (ethane) and petroleum
products (ethylene)
- Trading of LNG and petroleum products,
petrochemicals and fertiliser, utilising
resources in CIS and Africa
Agriculture & Food Materials- Expand Helena products and
Agrovista business in Europe, CIS and Africa
- Fertiliser trade and investment in CIS
and Africa
- Offshore trade and export utilising
resources in Europe (grain, feed,
livestock, marine products,
food ingredients and dairy products etc.)
Domestic Consumption- Distribution business for transportation
machinery, chemicals, lifestyle, food
products etc. (expand in continental
Europe and into Africa)
Marubeni’s operations in Europe, CIS & Africa
In Europe
15 offices with 290 employees
including 100 expatriates
30 group companies
In Africa
13 offices with 90 employees,
including 40 expatriates
4 group companies, 2 project
implementation offices
In CIS
9 offices with 90 employees,
including 18 expatriates
4 group companies /
investment projects
C Marubeni Corporation All Rights Reserved. 77
Marubeni’s Activities in Portugal
Our Madrid Office covers the Iberian peninsula: - GM (based in London) + 2 staff
- supporting Marubeni’s activities across all sectors
Power (TrustEnergy) : 50% share in thermal and renewable power assets in Portugal acquired from GDF Suez
(now ENGIE) in October 2013. (Generation capacity of whole portfolio: 3,300MW)
Water (AGS) : acquisition of water services company AGS - Administração e Gestão de Sistemas de Salubridade, S.A.
together with Innovation Network Corporation of Japan (INCJ) in June 2014. (Supplying population of 1.5m.)
Gas (GGND) : acquisition of 22.5% share of Galp Energia’s gas distribution company Galp Gás Natural Distribuição, S.A.
(GGND) together with Toho Gas in October 2016. (Distributing gas to 1.05m. households, with 70% market share)
In total 7 Japanese staff based in Lisbon
Chemicals, industrial fibres, Sapporo beer
Tyre distribution (joint venture with Yokohama Tyres)
WindFloat Atlantic Project: Development of Offshore Wind Power project through Trust Energy (with ENGIE)
Turbogas CCCP
Project 990MW
Coverage
Trading Activities
Other Activities
Investments
GGND
C Marubeni Corporation All Rights Reserved. 88
・Outline :
The portfolio consists of various types of generation; combined cycle gas turbine power plants, coal-fired power plant and wind.
Its installed capacity is approximately 2,900MW (the 2nd largest in Portuguese electricity market).
・Ownership of JV:
Marubeni 50%
ENGIE 50%
Project FuelGross
MW
Marubeni
share %Net MW COD Type Form of contract
Term of
contractOff-taker
Turbogás Natural gas 990 50% 495 1999 BOT PPA 25 years REN
Elecgás Natural gas 842 25% 210 2011 BOO Tolling Agreement 25 years Endesa
Tejo Energia Coal 576 28.125% 162 1995 BOO PPA 26 years REN
TrustWind Wind 488 50% 244 2005-2015 BOO FiT 22 years EDP
Turbogás CCGT Project・General information:
Marubeni’s Activities in Portugal (Power Assets)
Portuguese Power Assets
C Marubeni Corporation All Rights Reserved. 99
Marubeni’s Activities in Portugal & Brazil (Water Infrastructure Assets)
9
Outline ： Water & Wastewater Services to
14 municipalities in Portugal,
2 municipalities in the state of São Paulo, Brazil
(9 Concession / 3 PPP / 1 BOT)
Period ： 25 - 30 years（Indefinite for PPP project）
Population ： 1.5 million（475,000 clients)
Scope ： Water Intake / Treatment / Distribution,
Waste water collection / Treatment / Discharge,
Full customer services (Metering / Billing / Collection)
Main Assets ： Portugal Brazil
Water treatment plant 300,000 m3/d 60,800 m3/d
Waste water treatment plant 234,400 m3/d 9,500 m3/d
Potable water network 6,400 km 400 km
Sewerage network 3,700 km 400 km
Shareholders ： Marubeni Corporation 50.0 %
Innovation Network Corporation of Japan 50.0 %
Portugal
Lisbon
Sao Paulo
Brazil
AGS - Administração e Gestão de Sistemas de Salubridade, S.A.
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TransactionThe largest equity participation by a Japanese company in the
European gas distribution market
ScopeOwn and operate gas distribution network through nine local
distribution companies
Sponsor Galp Gas & Power, SGPS, S.A. (77.5%),Marubeni／Toho Gas (22.5% - 11.5% each)
LocationGalp Gás Natural Distribuição, S.A. is a holding company of nine
local distribution companies which are located in different regions
of the country
Distribution
CompaniesLisboagas/ Lusitaniagas/ Setgas/ Beiragas/ Tagusgas/
Duriensegas/ Medigas/ Dianagas/ Paxgas
1.05mil
12,500km
70%
Network Length
Household Delivery
Market Share
Galp Gás Natural Distribuição, S.A.（GGND）
Marubeni’s Activities in Portugal (Gas Infrastructure Assets)
C Marubeni Corporation All Rights Reserved. 11
• Infrastructure Projects (PPP)
such as power, water, gas, environmental and energy efficiency projects (renewable energy, WtE, CHP, etc.)
• Distribution business
create platforms for distribution businesses to capture consumer /market demand in Europe and Africa,
with focus on food products and agricultural materials (agrichemicals, fertiliser and raw materials, agri-machinery etc.)
• Export of local products from Portugal
such as seafood, vegetable oil, wine, petroleum products, cork products, etc.
• Co-working with leading Portuguese companies in Iberia and third countries
especially Angola and Mozambique, where Portugal has strong links
such as food distribution, car dealerships, logistics, etc.
Marubeni’s Activities in Portugal
Regional Strategy (Priority Sectors)
Fully supported by aicep Portugal Global, Japanese Embassy and Other Organizations!!
C Marubeni Corporation All Rights Reserved. 12
Where to find us
95 Gresham Street
London EC2V 7AB
Tel: +44 20 7826 8701 / 8709
Tokyo Nihombashi Tower
7-1, Nihombashi 2-chome,
Chuo-ku, Tokyo 103-6060 Japan
Tel: +81 (0)3 3282 2703
Email: [email protected]
www.marubeni.co.jp
Marubeni Corporation (Tokyo, Japan) Marubeni Europe plc
Thank you very much for your kind attention!!
Pedro Teixeira 8, 6ª-2, Edificio Iberiamart I
28020 Madrid, Spain
Tel: +34 91 417 6073
Email: [email protected]
www.europe.marubeni.com
London, UK (HQ)
Madrid Liaison Office