Thank You

Adding value to capital INVESTING IN GREEN INCLUSIVE ECONOMIC GROWTH

YVONNE BAKKUM, FMO Investment Management

TBLI Conference - November 2013

FMO, A NATURAL IMPACT INVESTOR

Our mission - We empower entrepreneurs to build a better world

FMO INVESTMENT PORTFOLIO

GLOBAL REACH AND GROWING SCALE

2012

2011

2010

Committed investment portfolio (x EUR mln) 6,281 5,874 5,292

of which Dutch government mandates 831 828 726

World map: FMO’s investment portfolio year end 2012

5

CASE STUDIES

SCALING UP IMPACT INVESTING THROUGH A PORTFOLIO APPROACH

FINANCIAL INSTITUTIONS

Sacom Bank – long term finance for SMEs in Vietnam

ENERGY

Eolo de Nicaragua – clean energy for the unserved population

AGRIBUSINESS, FOOD & WATER

ECOM – sustainable supply chain certification for farmers

ECONOMIC

ECONOMIC

KEY SUCCESS FACTORS

Long term perspective

Partnerships and local networks

Portfolio diversification

Active value add approach, including ESG integration throughout

the investment process

Our track record demonstrates that a well executed and diversified

emerging markets impact investing program can generate attractive

financial returns

We offer investors:

• Access to growth markets (emerging and frontier countries)

• Market based risk / return profiles to suit investor appetites

• Proven sustainable investment approach

We look forward to

BUILDING A BETTER WORLD with you.

Thank you!

DISCLAIMER

The information used in this document is strictly confidential. By acceptance of this document, the recipient agrees to keep the

information in this document confidential to such person. The information is neither to be disclosed to any other person, nor copied or

reproduced in whole or in part, without the prior written consent of Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden

N.V. (“FMO”).

The distribution of this document in certain jurisdictions may be restricted and accordingly persons into whose possession this document

may come are required to have themselves informed of and to observe any such restrictions.

This document is intended to present general information and does not constitute an offer for, or an invitation to subscribe to or acquire,

any interests in one or more investment funds and does not constitute investment advice.

FINANCIAL INSTITUTIONS

Accessible finance is a cornerstone for viable economies and strong private sectors.

A healthy financial sector can bolster entrepreneurs and individuals alike.

LONG TERM FINANCE FOR SMES IN VIETNAM

IMPACT

• Large finance gap between micro finance and corporate finance: “the missing middle”

• This loan supports Sacombank’s strategy to enlarge the SME portfolio

• Technical assistance to support implementation of environmental and social management

system

FMO INVESTMENT

• Sacombank, SME bank in Vietnam

• USD 25 mln; total USD 110 mln

subordinated loan arranged by FMO in

2011

KEY FEATURES

• Subordinated loan to strengthen Tier II

capital of the bank

• Sacombank has a clear SME strategy

with a country wide reach

• First bank in Vietnam to open women only

branches

ENERGY

For developing countries, access to reliable and affordable energy is essential for economic

and social progress. FMO finances long-term projects that can fuel economies, open

gateways to access, clear the way for low-carbon systems and safeguard energy supplies.

CLEAN ENERGY FOR THE UNSERVED POPULATION

IMPACT

• Generating energy for 80,000 households

• Currently 70% of electrification comes from expensive oil-fired plants

• Wind farm Eolo is one of the cheapest suppliers of energy in the country

FMO INVESTMENT

• Eolo de Nicaragua, wind farm

• USD 40 mln; total USD 91 mln senior and

subordinated loan arranged by FMO in

2012

KEY FEATURES

• 44 MW wind farm in the province of Rivas

• The project also comprises the

construction of a new substation and

interconnection to the national grid

AGRIBUSINESS, FOOD & WATER

A surging global population demands long-term accessibility to affordable food. FMO finances

sustainable agribusiness companies throughout the value chain, including farming, processing

and distribution operations.

SUSTAINABLE SUPPLY CHAIN CERTIFICATION

FOR COFFEE AND COCOA FARMERS

IMPACT

• Investment in supply chain infrastructure will help to certify an estimated 37,000 farmers,

improving their livelihoods and reducing their environmental footprints

• More sustainable business practices in large number of farms all around the world

FMO INVESTMENT

• ECOM, agricultural commodity merchant

• USD 40 mln; total USD 110 mln loan

arranged by FMO in 2012

KEY FEATURES

• Enabling purchase of certified coffee and

cocoa in Uganda, Vietnam, Papua New

Guinea and Ivory Coast

• Technical assistance to train farmers in

sustainable farming, waste management

and best labor practices