proparco - introductionpfan.net/sites/default/files/jetsada chuenchoojit’s presentation... ·...
TRANSCRIPT
I n v e s t i n g i n a S u s t a i n a b l e F u t u r e
Proparco - Introduction
Investing in a Sustainable FutureAugust 2015
P R O PA R C O AT A G L A N C E
Key Figures 2014
€4bn in PROPARCO’s
portfolio 2014
385 clients
€1,100m of
commitments 2014
73countries
200 staff members
Created in 1977, PROPARCO is a development finance institution dedicated to
financing the private sector.
• Subsidiary of the Agence Française de
Développement (AFD).
• A development mission combined with private
sector profitability.
• A full range of customized financial tools:
equity, quasi-equity, loans and guarantees.
• An international presence on 4 continents and
more than 70 countries.
• Environmental and social requirements.
• A catalyst action, attracting and mobilizing
additional public and private sector funding for
its clients’ projects.
13 Regional Offices
S H A R E H O L D E R S
30 private and public sector shareholders committed to development.
63%22%
12%
2% 1%63% Agence Française de Développement (AFD)
22% French financial organizationsBNP Paribas, BPCE IOM, Bpifrance, CDC Entreprises ELAN PME,
Coface, Crédit Agricole SA, Société Générale
12% International financial organizationsAga Khan Fund for Economic Development (AKFED), Banque Marocaine
du Commerce Extérieur (BMCE), Bank of Africa Group (BOA Group SA),
Banque Ouest-Africaine de développement (BOAD), Corporación Andina
de Fomento (CAF), Development Bank of Southern Africa (DBSA), DEG
2% CorporatesBolloré Africa Logistics, Groupe Bouygues, GDF Suez, Saur International,
SIPH, Socotec International, Somdiaa
1% Funds and ethical foundationsXavier de BAYSER, Amundi AFD Avenirs Durables, Natixis Solidaire
I N T E R N AT I O N A L P R E S E N C E
S E C TO R S
MANDATE : GREEN AND INCLUSIVE GROWTH
BANKS AND FINANCIAL MARKETS
• Banking,
• Insurance
• Reinsurance
• Leasing
• Microfinance
CORPORATE
INFRASTRUCTURE• Renewable energy and energy efficiency
• Telecommunication
• Water and sanitation
• Transportation and Mining
Portfolio as of 31/12/2014
• Healthcare
• Education
• Agribusiness
• Sustainable Tourism
• Industry & Construction (limited geography)
F I N A N C I N G TO O L S
• Investment from 10 M€ to 100 M€
• Maturity from 5 to 20 years
• Possibility to offer local currency
• Floating or fixed interest rate
SENIOR LOANS EQUITY INVESTMENT
• 2 M€ to 20 M€
• Minority stakes (< 20-30%)
• Clear exit strategy after 5-10 years
QUASI-EQUITY
• Preferred shares
• Convertible debt
• Subordinated debt
• Flexible structure
GUARANTEES
• Bond guarantees
• Interbank loan guarantees
• To facilitate financing in local
currency
Long-term financing in various forms
P R O PA R C O ’ S A D D E D VA L U E
• Sectorial expertise:
• In-depth knowledge and experience of Africa:
• Role as promoter of development:
• A network of partners:
• Environmental and social approach:
• Multi-sector expertise:
• Synergies between PROPARCO and AFD :
• High standard due diligence procedure :
OPERATIONAL PRINCIPALS AND KEY STRENGTH
I N T E R N A L P R O C E S S
Letter of
Interest
Firm loan
proposal
Screening
Committee
(weekly)
Project
Committee
(weekly)
Identification
Process
Investment
Committee
(monthly)
Signing &
Disbursement
Due
Diligence
Contract
Negotiation Monitoring
Internal
decision
process
Documentation
K E Y C O N S I D E R AT I O N S
• Company’s businesses
• Shareholding structure
• Sponsor’s background
• Management’s experience and track record
• Corporate governance
• Understanding of market, market studies
• Sound business model, financial analysis
• Environmental and social standards
• All aspects of project risks and mitigating factors
WHAT WE LOOK FOR WHEN EVALUATING PROJECTS
E N E R G Y P R O J E C T S I N A S I A
• Sindicatum, 2013, Mezzanine USD15m
• Armstrong SEA Clean Energy Fund, 2013, USD13m
Renewable Energy Investment Fund
• PTES, Indonesia, 2012, Loan USD27,5 m
• Phu My 2.2, Vietnam, 2002, 715 MW Combined cycle plant, Loan USD 40m , cofinance with JBIC, ADB, commercial banks, tenor 20 years
Combined cycle gas power plant
• Theun Hinboun, Laos, 2009, Loan USD 40m
• Zhongda, China, 2006, Loan EUR 7,8m
• Nam Theun II hydro, Laos, 2005, Loan USD27m
Hydro Power Plant
• TBEC, Thailand, 2005, Guarantee EUR6m
Biomass
I n v e s t i n g i n a S u s t a i n a b l e F u t u r e
Thank You