xpresswest presentation to nv hsra 11-18-15

8/20/2019 XpressWest Presentation to NV HSRA 11-18-15

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Presentation to the Nevada High Speed Rail Authority

November 18, 2015

as !egas, Nevada


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May, 2012

2

A Robust "ar#et $ith a %rue Need

11&1'&2015 (&& 2

) *nvestment grade ridership studies indi+ate the need or atransportation alternative +onne+ting as !egas $ith Southern

-aliornia is real and +ontinues to gro$.

) /n average, 8 million people visited as !egas annually bet$een

2005 and 201. /ver 03 o this as !egas visitation travelled rom Southern -aliornia.

403 o the Southern -aliornia visitors drove to as !egas on the *15.


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May, 2012

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Serving the Need6 A Phased Approa+h

11&2&15 (&&

) Phase *6 7uild the initial system bet$een as !egas and !i+torville +lose to the +riti+al mass o So-al to address the immediate need.

) Phase **6 9tend the

system to Palmdale to

intera+e $ith e9isting

+ommuter rail servi+e

) Phase ***6 Provide

oneseat high speedrail servi+e bet$een

os Angeles & 7urban#

and as !egas.


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May, 2012

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Phase *6 An Approved Private *nterstate Railroad

11&1'&2015 (&&

) 185 miles bet$een Southern -aliornia and as !egas

) Primarily $ithin or ad:a+ent to the *15

) 9+lusive ne$ double tra+#

) No atgrade +rossings

) Passenger only servi+e

) ndtoend travel time under 80 minutes

) Nonstop servi+e every 20 minutes during pea# times) Average R/;Nully ele+tri+, standard gauge, multiple unit trains that $ould

enable interoperability $ith -HSR


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May, 2012

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?@, -HSRA and the South$est Rail Net$or#

11&2&15 (&& 5

) Spring, 20126 %he H


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NHSRA >ran+hisee Sele+tion -riteria

11&2&15 (&& '

1. 9tent to $hi+h environmental studies have been +ompleted by or

on behal o ?press@est

2. Pending or -ompleted permit appli+ations

. evel o private investment that has been made or +ommitted or the

Nevada High Speed Rail System

. Readiness o ?press@est to engage in +onstru+tion


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Status o nvironmental Studies

11&2&15 (&& C

) Re+ords o ederal Railroad Administration6 uly 8, 2011

7ureau o and "anagement6 /+tober 1, 2011

>ederal High$ay Administration Nevada and -aliornia6 November 18, 2011

) A drat *S or the High


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Pending or -ompleted Permit Appli+ations

11&2&15 (&& 8

) August 20106 >AA issued


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Readiness to ngage in -onstru+tion

11&2&15 (&& 10

Project Element Status

Federal environmental permits

Certificate of public convenience and necessity – the Federal

authorization for construction and operationFederal authority to obtain necessary right-of-way

Investment grade ridership and revenue studies that support a

viable plan of finance with or without consideration of a US

Federal Loan !!IF"

Selection of a #oint $enture %artner with the re&uisite

e'perience( financing capacity( and commitment to the success

of the )press*est pro+ect

F!, issues uy ,merica waiver to uy ,merica re&uirements

,mtra."


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>ederal, State and o+al Agen+y -oordination

11&2&15 (&& 11

) >ederal6 >ederal Railroad Administration, 7ureau o and "anagement,Sura+e %ransportation 7oard, >ederal High$ay Administration, National

Par# Servi+e, ;S Army -orps o ngineers, >ederal Aviation Administration,

nvironmental Prote+tion Agen+y.

) State6 Nevada High Speed Rail Authority, -altrans, Nevada


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"a+Iuarie -orporate Proile

1211&2&15 (&& 12

Macquarie Group by the Numbers Financing and Advisory by the Numbers

$17.0bn+ "ar#et

-apitaliEation

$!"bn+ in total A;"

1#"00+sta a+ross C0J

oi+es in 28J+ountries

$!bn+advising on

500J"KA dealssin+e 2004

$!1bn+ in debt inan+ingraised sin+e 2011

$117bn+o eIuity raisedas boo#runner

sin+e 2004

$1%bn+advising on

'00J"KA dealssin+e 2004

$1%bn+ in debt inan+ingraised sin+e 2004

$&07bn+o eIuity raisedas boo#runner

sin+e 2004

/lobal provider of ban.ing( financial advisory(

investment and funds management services

Founded in 0121 as the ,ustralian subsidiary of

U3 merchant ban. 4ill Samuel

5stablished and growing presence in the US since

0116

— 78(699 staff in the US and 706(999 globally

Listed on ,ustralian Securities 5'change

,S):;


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Sele+t "a+Iuarie Rail 9perien+e

'($.0 bi))ion

1'mile light rail line in"aryland being pro+ured

as a PPP

Sponsor, inan+ial Advisor

*ngoing

'($.0 bi))ion

as%ra+#s

Rail / PPP5year -on+ession

Sponsor, inan+ial Advisor

00"

on,identia)


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Private Rail >inan+ing 9amples

11&2&15 (&& 1

4enver Fas6racs# ommuter 8ai) 9010:

) 5year -on+ession) ;S=2.0bn M 2.5 mi M


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-urrent Private ;S Rail


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>unding ReIuirements K Sour+es

11&2&15 (&& 1'

otentia) Financing (ources ,or =igh (peed 8ai)

;conomic =igh)ights

RRIF Loan / TIFIA

Inestment Grade !onds / "ig#$%ield &e't

E(port )redit Financing

Strategic Inestors /

Financial and Infrastructure Inestors

Equipment / Rolling Stoc* Financing

) Cap5' and p5' are comparatively low due to open desert terrain

) %ro+ect has robust investment grade revenue forecast by SE/

) ?ypical public and private financing sources for ma+or infrastructure pro+ects


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Financing + !uild P#ase ,perationsL-$ -- &eelopment

.o 012 3Present4

--$PALM Financing + !uild P#ase ,perations&eelopment

T#e current implementation sc#edule is 50 mont#s from an anticipated start in Fall6

015

%ermits

5IS

Eue diligence

Eesign

Financing

%rocurement

Financing

Consortium

Final Eesign

Construction

Commissioning

;ar.eting

perations

;aintenance

!ehabilitation

4eve)opment hase (cope Financing @ /ui)d hase (cope *perating hase (cope

%iming and *mplementation -onsiderations

1711&2&15 (&& 1C


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%he as !egas 9perien+e %hroughout the ourney

11&2&15 (&& 18


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%he 9perien+e at the %erminal Stations

11&2&15 (&& 14


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%he 9perien+e /n 7oard the %rain

11&2&15 (&& 20


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Arrival in as !egas

11&2&15 (&& 21


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%rain ivery and *nteriors

11&2&15 (&& 22


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Phase * Southern -aliornia Station

11&2&15 (&& 2


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11&2&15 (&& 2


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11&2&15 (&& 25


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11&2&15 (&& 2'


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as !egas Station

11&2&15 (&& 2C


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as !egas Station

11&2&15 (&& 28


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as !egas Station

11&2&15 (&& 24


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?press@est Pro:e+t 7eneits

11&2&15 (&& 0

) -reate :obs and stimulate the e+onomy 88,000 dire+t and indire+t :obs during +onstru+tion 2,104 longterm permanent :obs C.8 7illion in e+onomi+ output

) nvironmentally Sound

>ully ele+tri+ multiple unit trains are Eero emissions vehi+les

%he pro:e+t is estimated to redu+e ma:or pollutants in the -orridor by 03 overthe lie o the pro:e+t

Ridership ore+asts estimate that the pro:e+t $ill divert appro9imately 253 o the

annual private autos rom *15

"ode shit rom +ars to trains is estimated to save appro9imately 0,000 barrels

o oil or the eIuivalent o 8.5 million gallons o gas annually

) -onne+ting regional e+onomi+ +enters $ith a sae and ei+ient

transportation alternative.

)


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%he NHSRA and ?press@est

11&1'&2015 (&& 1

) Nevada has a long history o supporting an alternative mode otransportation +onne+ting to Southern -aliornia.

) ?press@est is en+ouraged by the States leadership in establishing

the NHSRA.

) * sele+ted, $e envision a +onstru+tive partnership $ith the Authority

$or#ing together $ith us as a+ilitator, ambassador and advo+ate to

a+hieve sae, reliable, and long overdue high speed rail servi+e

bet$een os Angeles and as !egas.


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xpresswest presentation to nv hsra 11-18-15

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