A Lenders Perspective on Delivering Sustainable Infrastructure - PowerPoint PPT Presentation

A Lender’s Perspective on Delivering Sustainable Infrastructure Charles Gooderham, Sustainability Affairs, Credit Suisse 27 November 2015

The Project Total line: 730km Awash-Kombolcha- Weldia-Mekele-Shire Connecting northern Ethiopia to Addis Adaba - Djibouti railway line The Project: financing of 400km Awash – Kombolcha – Weldia section Images courtesy of Yapi Merkezi Nov 2015 1

The Financing and Key Parties $865m commercial and ECA backed financing package Credit Suisse: Lead Arranger and Lead Agent Sponsor: Ethiopian Railways Project Corporation Woreda Affecte (ERC) s d Design Review Contractor: Parties Consultant Yapi Merkesi 2015 African Banker Awards Facility Lead Deal of the Year – Debt: $865m Independent Commercial and ECA Backed Financing Agent: Package for the ERC E&S Consultant Short-listed for 2015 FT/IFC Credit Suisse Transformational Business Awards – Achievement in Transformational Finance 2014 EMEA Finance: Project Finance Awards Best transport infrastructure deal in ECA Facilities EMEA: ERC's rail infrastructure upgrade Commercial Agents and 2014 Trade & Export Finance: The Facility Lenders Perfect 10 Deals of the Year ECAs Best African ECA Finance Deal of the Year: ERC Nov 2015 2

Sustainability Expectations Key Reference Points Defining & Realising Environmental & Ethiopian legislation Social (E&S) Lenders’ / ECAs’ Impact safeguarding policies Assessment Independe Equator Principles / nt gap Facility E&S Management international standards analysis Agreement Plan − IFC Performance Standards on E&S Sustainability Detailed plans, − WBG Environment, Health & systems, Independe nt review & processes: Safety (EHS) Guidelines • Resettlement Action ongoing − OECD Common Approaches Plan monitoring • EHS Management − ADB Operational Safeguards System Etc . • Nov 2015 3

Sustainable Outcomes The Big Picture: Catalyse economic growth Promote social mobility Contribute to a low carbon transport network The Important Detail: Images courtesy of Yapi Merkezi Managed resettlement and livelihood restoration Welfare and safety of workers and communities Stakeholder consultation / engagement and grievance mechanism Preservation of cultural heritage sites Biodiversity protection – e.g. Awash National Park Resource efficiency, including water resource management Nov 2015 4

Disclaimer This information has been issued by Credit Suisse Securities (Europe) Limited (“CS”) which is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) in the United Kingdom. This material is provided to you by CS solely for informational purposes, is intended for your use only and may not be disclosed or distributed to any other person, or otherwise replicated in any form without the prior written consent of CS. This material and does not constitute an offer or commitment, a solicitation of an offer or commitment, or any advice or personal recommendation, to enter into or conclude any transaction nor does it constitute investment research or a research recommendation. This material has been prepared by CS based on assumptions and parameters determined by it in good faith. The assumptions and parameters used are not the only ones that might reasonably have been selected and therefore no guarantee is given as to the accuracy completeness or reasonableness of any such quotations, disclosure or analyses. References to existing or pending legislation and other applicable laws, rules and regulations are based on information that CS obtained from publicly available sources that we believe to be reliable, but have not independently verified. This report may provide the addresses of, or provide hyperlinks to, websites. Except to the extent to which the report refers to website material of CS, CS has not reviewed the linked sites and takes no responsibility for the content contained therein. Such addresses or hyperlinks (including addresses or hyperlinks to CS's own website material) are provided solely for your convenience and information, and the content of the linked sites do not in any way form part of this document. Accessing such websites or following such links through this report or CS's website shall be at your own risk. CS is not and will not be providing financial, tax, accounting or legal advice to you and these materials do not constitute advice or a recommendation. Each person receiving these materials should independently consult their financial, legal, accounting and tax advisers and make their own independent determination as to the matters covered in the materials to ensure the proper interpretation and application of all legislation, laws, rules and regulations, whether or not cited herein, as they apply to their individual situations. CS and its affiliates may, from time to time, participate or invest in financing or other transactions with governmental or other entities referred to herein (and/or other entities or persons associated therewith), perform services for or solicit business from such entities or persons, and/or have positions in, or effect transactions in or have other material interest in, the securities or Nov 2015 5 derivatives related thereto.

Thank you / discussion