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Page 1: THank you to our sponsors - cdn.txfmedia.com › ... › txf_asia_2019.pdf · ASIAN OPPORTUNITIES: UKEF LED BREAKFAST BRIEFING Join the UK’s ECA for breakfast to look at how they
Page 2: THank you to our sponsors - cdn.txfmedia.com › ... › txf_asia_2019.pdf · ASIAN OPPORTUNITIES: UKEF LED BREAKFAST BRIEFING Join the UK’s ECA for breakfast to look at how they

THank you to our sponsors

PARTNERS ECA PARTNERS

SPONSORS CORPORATE SPONSORS

SUPPORTERS

Page 3: THank you to our sponsors - cdn.txfmedia.com › ... › txf_asia_2019.pdf · ASIAN OPPORTUNITIES: UKEF LED BREAKFAST BRIEFING Join the UK’s ECA for breakfast to look at how they

Event overview

What’s new

An interactive gathering of the export, agency and project finance community making deals in Asia. This 2 day event is your chance to get to grips with everything occurring in this expanding region

and position yourself right next to new opportunities in the market.

400 senior experts will be networking, learning and discussing future plans and industry changes on the 5 & 6 November, make sure you join them to make significant connections across

local borrowers, exporters, DFIs/MFIs, banks, law firms and insurers.

And make those deals fly!

400 Delegates

40% Corporates

75+ Speakers

190 Companies

DIGITAL IDEA LABSGet ahead of the curve on

industry innovations that could save you time and money

THE GREAT DEBATE

Make your case on China’s activity in Africa

COUNTRY FOCUSED SESSIONS

Get insider info on Vietnam, India/Bangladesh, Indonesia &

the Philippines

SPOTLIGHT ON RENEWABLES

Solar, offshore wind, the start of battery storage: how will all these change the landscape of

renewable energy?

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Testimonials

“Remains the premier project & export finance event in Asia”

Leo Kirby, GE

“Excellent opportunity to meet industry experts and financiers”

Robert Wallin, Huawei

“Clear, tight focus on structured export finance”

Shuohan Dai, Euler Hermes

“Great opportunity to connect with the players in the industry and to get valuable insights”

Klaus Houben, Export Development Canada

“A great ability to network amongst a diverse group of market practitioners”

David Maule, Miller Insurance Services

“Variety of topics and format of the conference keeps audience engaged”

Prabaljit Sarkar, InfraCo Asia

Page 5: THank you to our sponsors - cdn.txfmedia.com › ... › txf_asia_2019.pdf · ASIAN OPPORTUNITIES: UKEF LED BREAKFAST BRIEFING Join the UK’s ECA for breakfast to look at how they

Who you could meet?Get a sense for who else will be in the room this November. Here are some of the great corporates

we welcomed last year.

• 8minutenergy• AC Energy International Renewables• Adaro Power• Agritrade International Pte Ltd• Airbus• Alcatel Lucent Submarine Networks• Atkins Global• BASF SE• Bouygues• Burmeister & Wain Scandinavian Contractor(BWSC)• Business Connection BV• BWSC• CGN New Energy Holdings Co., Ltd• China CAMC Engineering Co. Ltd• China Energy Engineering Company (CEEC)• China International Marine Containers Co. (CIMC)• China Resources Cement Holdings Limited• China Resources Power• Chiyoda Corporation• Cisco• CITIC Metal• CLP Holdings Limited• CRRC Sifang Hong Kong Company Limited• Dah Chong Hong Holdings Limited• Danieli

• Diamond Generating Corporation• Ferrostaal Equipment Solutions GmbH• GE• GE China• GE Energy Financial Services• Genting Hong Kong• Gezhouba International Hong Kong Company Limited• Harbin Electric International Company Limited• Hitachi Zosen Corporation Group• Huawei• Huawei Technologies Company• Hyundai Engineering & Construction• Hyundai Engineering Co., Ltd• ITOCHU• JGC Corporation• JML• Konecranes Oyj• Marubeni Corporation• Mitsubishi Corporation• Mitsubishi Heavy Industries, Ltd.• Mitsubishi Hitachi Power Systems• Mitsui & Co., Ltd• MODEC• NEC Corporation• Nokia• Orsted

• Pinggao Group Co. Ltd.• Posco Daewoo• Power China• Primetals Technologies Austria GmbH• PT. Putra Indotenaga (PIT),• Quadra Commodities• Reliance Industries Limited• Royal IHC• SEPCO3• Shanghai Electric Group Co Ltd• Siemens• Siemens Limited• Sindicatum Renewable Energy Company• SK E&C• Sojitz Corporation• SREI Infrastructure Finance Limited• Sumitomo Corporation• Susi Partners• TBEA• Thales• Toshiba Corporation• United Company RUSAL• UPC Renewables• VAPCO• Vigeo Eiris• VPOWER Group• ZTE Corporation

Page 6: THank you to our sponsors - cdn.txfmedia.com › ... › txf_asia_2019.pdf · ASIAN OPPORTUNITIES: UKEF LED BREAKFAST BRIEFING Join the UK’s ECA for breakfast to look at how they

Top speakers

Sumanta PanigrahiManaging Director & APAC Head – Export &

Agency FinanceCiti

Claudia ScheuerlInvestment Officer Syndications

IFC

Klaus Houben Chief Representative South East Asia

EDC

Charles Xu Managing Director

GE China

Geoffrey Tan Managing Director Asia Pacific

OPIC - Overseas Private Investment Corporation

Mark Houghton, Regional Project Leader- Asia Pacific

AXA XL

Michael Barrow Director General, Private Sector

Operations DepartmentAsian Development Bank (ADB)

Adolfo Dindo Abueg Co-Head Project Finance, Asia Pacific

Korea Development Bank (KDB)

Teguh Widhi Harsono Vice President of Funding

Perusahaan Listrik Negara (PIN) (Persero)

Kiyoshi Nishimura CEO

Credit Guarantee and Investment Facility (CGIF)

Sun Jung Lee Head of Export & Agency Finance Asia Pacific

Santander

Jonathan Joseph-Horne Managing Director, Structured Export Finance

SMBC

Andre GazalGlobal Head of Export Finance

Credit Agricole CIB

Munetaka Horiguchi Vice President, Business Development Division

Chiyoda Corporation

Maëlia Dufour Director - International Relations, Business

Development, Rating Bpifrance

Marc Schlatter Executive Director

Landesbank Baden - Wurttemberg (LBBW)

Kim Hock Ang Associate PrincipleBaker & McKenzie

Charles Berry Chairman

BPL Global

Jacky Yang General Manager

SUMEC

Jørgen Kragh Head of Project Finance

EKF

Laura Galvin Managing Director, Export Finance Asia

HSBC

Andrew Kinloch Specialist Advice on Infrastructure

Finance in Asia Logie Group

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REGISTRATION & NETWORKING

ASIAN OPPORTUNITIES: UKEF LED BREAKFAST BRIEFINGJoin the UK’s ECA for breakfast to look at how they are making the most of opportunities throughout Asia-Pacific

OPENING REMARKSWelcome to TXF Asia 2019! We’ll be keeping you on your toes with two days of discussion, digital workshops, interactive sessions and networking

MACROECONOMIC PERSPECTIVES: A GEOPOLITICAL OVERVIEWThis macroeconomic perspective provides up-to-date analysis of the latest geopolitical situations affecting Asia- To what extent are China and US trade tensions impacting business and projects across Asia?- BRI is no stranger to political challenges; how have these shaped international perspectives on the initiative?- Will RMB internationalisation displace dollar dominance in the region and what is the outlook for local currency markets?- What impact have trade wars had on shifting manufacturing bases?

THE LITMUS TEST: TXF’S AUDIENCE SURVEYOur real-time audience survey will give you a sense of the opinions in the room. Find out how your peers are preparing for growth, get a consensus of the regions & sectors piquing interest, and more.

COFFEE BREAK

ECA LEADERS’ PANEL: VISIONS FROM ASIAAn exclusive report by TXF Data showed that Asia & Asia Pacific together made up 15% of ECA backed deal volume in 2018. We gather senior leaders from the ECA market to discuss:- Which ECA products are most popular throughout Asia Pacific and why?- Which regions are Asian ECAs looking to expand their cover to?- How is Sinosure aligning its products with those of international ECAs?- How can international ECAs simplify their products?- Which ECAs are leading the way in providing tangible ESG linked products?Moderator: Andre Gazal, Global Head of Export Finance, Credit Agricole CIB

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UNDERWRITING LIVE: ADVENTURES IN PRIIn a world where many ECAs are hamstrung by the OECDconsensus, the CPRI market can offer an attractive alternative. This interactive live underwriting session gives you clarity on how deals are put to the market. Senior leaders from across the PRI talk us through how they’d go about pricing hypothetical deals.

Charles Berry, Chairman, BPL GlobalMark Houghton, Regional Product Leader - Asia Pacific, AXA XL

FURTHER GROWTH FOR INDONESIA?Despite recent elections slowing deal closure, Indonesia remains a ripe market for export and project finance. We take on:- New MEMR regulations on IPP projects and their impacts on type and number of IPP deals- Challenging PPAs on renewables causing problems for lenders and equity investors- Projects lined up to help PLN reaching ambitious targets- How can Indonesia capitalise on initiatives like BRI and Japan’s ambitions to broaden its influence across Asia Pacific?Teguh Widih Harsono, Vice President of Funding, PT PLN (Persero)

BLOWING AHEAD: MOVING FORWARD IN OFFSHORE WINDFollowing the close of Formosa 1 in 2018, offshore wind has taken off. With yet more deals set to close in Taiwan, we discuss:• The potential for ECA collaboration on offshore wind deals• What are the opportunities for foreign capital in domestic project markets?• Which regions will follow in Taiwan’s footsteps? Are India and Japan likely to see an increase in offshore wind projects?• The rise of floating offshore wind and associated risk profilesJørgen Kragh, Head of Project Finance, EKF

LUNCH

PLENARY STREAM RENEWABLES STREAM

HERE COMES THE SUN: SOLAR PROSPECTSAs financiers and ECAs grow increasingly reluctant to finance coal, solar is becoming ever more relevant. We discuss:- The move from the IPP model to PPAs with commercial offtakers- This year, solar will become cheaper than coal in 11 Chinese provinces How can we use this success as a template for future cost effective solar?- Solar projects are abundant in the Vietnamese pipeline – will the market be able to keep up with demand, or were the government’s attractive Feed-in Tariffs too generous?- How lenders can mitigate novel risks associated with floating solar- How will the onset of battery storage impact solar technology, and who is leading the charge in this developing field?

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FOCUS ON: VIETNAMAlthough a tricky market from a geopolitical risk perspective, Vietnam is now one of the fastest growing economies in the world. TXF Data shows that the country is the fourth most active region for ECA backed borrowing in 2018, taking on 4.4% of global deal volume. We discuss:• TXF’s Asian ECA deal of the year award winner: Vinfast’s $950 million Euler Hermes backed deal• Van Phong 1 coal-fired project – billed as the last super-critical coal fired project Japan will ever finance as all future projects will need to be ultra super-critical. Will this ring true?• Vietnam’s position in the Asian regasification and gas to power sectors• The impact of retracted sovereign guarantees• Vietnam’s population is set for a 1% growth in 2020 – what role will renewables play in upping grid capacity accordingly?

CENTRAL ASIA: KAZAKHSTAN, TAJIKISTAN, UZBEKISTANCentral Asia boasts many opportunities for international corporations - Japanese and Korean exporters have already jumped at the chance to work on major power projects in the region, and China’s BRI is increasingly present. We discuss:• How ECAs provide comfort to lenders and exporters working in the region• Working with high political risk and slow project progression• The growth of the central Asian power sector and opportunities for international involvement• How are BRI related projects – particularly in transport and trans-shipment – changing the region?

COFFEE BREAK

FOCUS ON SOUTH ASIA: INDIA & BANGLADESHVery liquid markets, India & Bangladesh present fruitful opportunities for international foreign investment and infrastructure projects. We discuss:• India’s world leading solar programme• The impact of India’s $107 billion road building programme• Bangladesh’s opening to power projects• Shifting regulatory frameworks encouraging ECA involvement

FOCUS ON: THE PHILIPPINESDespite being renowned for its strong local market, The Philippines looks like it may be an interesting destination for foreign investment and infrastructure financing over the coming years. Given that March saw import value in the country jump to 7.8% year on year, we look at:- The strength of the local market compared to spaces for international projects- The impact of Duterte’s political stance and projects emerging from his ‘Build, Build, Build’ initiative- The impact of The Philippines’ recent upgrade to investment grade

REGIONAL SPOTLIGHT REGIONAL SPOTLIGHT

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A DFI UPDATE: THE DEVELOPMENT ANGLEDevelopment finance is a crucial part of the funding mix for many Asian projects. Hear from the region’s leading DFIs on:- ADB’s record hitting $3.1 billion private sector operations over 2018- In its first two years, AIIB approved $4.3 billion of funding for Asian infrastructure projects, and 2019 has seen them considerably upping capacity Where can we expect project prioritisation over the next year?- OPIC’s regeneration into DFC and associated capacity increase- How blended finance can mobilise capital towards sustainable development in emerging markets- The competitive advantages DFIs can offer using local currency products- DFIs are taking more equity on projects in Asia – will we see this trend reflected in the ECA market?- What role will green bonds play in the future of Asian energy financing, and what activity are DFIs seeing in the renewables space?Dindo Abueg, Co-Head Project Finance, Asia Pacific, Korea Development BankGeoffrey Tan, Managing Director Asia Pacific, OPICMichael Barrow, Director General, Private Sector Operations Department, Asian Development Bank

CHINESE INVESTMENT IN AFRICA: THE GREAT DEBATEChina’s aggressive investment into Africa has not gone unnoticed by the international community. Not beholden to the OECD consensus, China’s ECAs arguably have an unfair advantage over their competitors. With opinions divided, we debate:- Does Chinese investment drive development or does it restrict African economic empowerment?- What specific projects demonstrate the nature of Chinese investment into Africa?- OECD members must meet 30% local content requirements, whilst China can bring in 100% of its own workforce and equipment. Given this, can we say that the OECD is fit for purpose?

COCKTAIL RECEPTION

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WELCOMING REMARKSWelcome to day 2 of TXF Asia 2019

IT’S NOT THAT EASY BEING GREEN: SHIFTING TO AN ESG COMPLIANT FUTUREThe global trend to shift to a climate-conscious future has firmly established itself in Asia Pacific – and the market is responding accordingly. We take a forward-looking approach, discussing:• The shift towards clean energy and the move away from financing coal• Banks are already taking steps to go green – how are the ECA and corporate markets following in their footsteps?• Which policy initiatives in Asia will be most effective in accelerating the decarbonisation agenda across the region, and which are unlikely to gain support?• Should the export & project finance markets be taking inspiration from ESG tied debt transactions in the commodity sector?• We reveal TXF’s sustainability benchmarking report, showing which institutions are leading the way and which leave something to be desiredClaudia Scheuerl, Investment Officer Syndications, IFC

ROADS TO SUCCESS: THE FUTURE OF ASIAN INFRASTRUCTUREAs Asia continues to develop, the breadth and types of infrastructure projects are changing to improve quality of life across the region. We discuss:• With so much to do and a huge infrastructure finance gap, how do we prioritise on project implementation?• How viable are the PPP models emerging in countries including China, Thailand, Indonesia and the Philippines? In which sectors will PPP projects be viable?• China and India are leading on Smart City development; how rapidly will the rest of Asia catch up with smart infrastructure and automated transport?• How can financiers successfully mobilise capital and ensure bankability on infrastructure projects?Sumanta Panigrahi, Managing Director & APAC Head – Export & Agency Finance, Citi

COFFEE BREAK

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THE ‘PANDA IN THE ROOM’: ADDRESSING BRISince it was proposed in 2013, China’s belt and road initiative has been making waves. Six years on, we assess the initiative’s peaks and troughs, taking on the effect of cheap debt in partner countries:- Do BRI projects offer any scope for international private sector involvement, or are they purely government to government?- How do we tell which infrastructure projects are viable and which are ‘pie-in-the-sky’?- Will there be any clarity on which projects fall under BRI’s remit?- How can non-Chinese entities get involved?

Charles Xu, Managing Director, GE ChinaModerator: Andrew Kinloch, Specialist Advice on Infrastructure Advice in Asia, Logie Group

FUTURE OF EXPORT FINANCE: INNOVATING THE INDUSTRYJoin the industry’s next generation to workshop the latest industry innovations.- What process can be digitized to enhance performance?- How can we encourage investment into sustainable projects without inhibiting growth in developing regions?Marc Schlatter, Executive Director, LBBWLaura Galvin, Managing Director, Export Finance Asia, HSBC

LUNCH

PLENARY STREAM: CHINA DIGITAL IDEA LABS

LOOKING INWARD: CHINA’S INBOUND MARKETAlthough BRI has brought many opportunities for China’s outbound market, the country has strong potential in its inbound market. We take on:- China poses many unique challenges, from regulations and foreign exchange risks to local competition with Chinese commercial banks. How can international companies navigate these issues and make the most of opportunities in China?- Which European countries are makingthe most of opportunities from China’s inbound market?- How will the opening of Chinesemarkets through the China Connect Initiative impact trade investment?

Jacky Yang, Managing Director, SUMECMarc Schlatter, Director, Head of Export Finance Asia Pacific, LBBW

RAPID: A WINNING COMBINATION FOR MALAYSIA?We take a look at Malaysia’s $15.3 million oil refinery project in depth, discussing:- The strong transaction conditions that the borrowers, Saudi Aramco and Petronas, have laid out- How the deal works towards achieving Malaysia’s domestic energy demands and paves the way for future transactions in the country- The future of large-scale clean fuel projects in Asia

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STAYING UP TO DATA: TXF’S ASIAN OVERVIEWTXF data has all the insights you need to develop your business in Asia. We share our latest findings on:- Top growth regions across 2018- Landmark transactions that drove up deal volume this year- Sectors ripe for investment

CLOSING REMARKSThank you for joining us at TXF Asia 2019!

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