PROPARCO West Africa May 2017 Overview of Proparco PROPARCO is a - PowerPoint PPT Presentation

PROPARCO – West Africa May 2017

Overview of Proparco PROPARCO is a subsidiary of the Agence Fran çaise de Dével oppement (AFD) devoted to the financing of the private sector in developing countries  AFD : one of the main development 63% 22% institutions, 100% owned by the French French banks State  BNPP, BPCE, CDC, Coface, Crédit EUR 30 Bn of total assets Agricole, Natixis, SG  EUR 8 Bn of new commitments/year Agence 2% French companies  PROPARCO : one of the main development Française institutions dedicated to the private sector Bolloré, Bouygues, GDF – Suez, Saur, de SIPH, Socotec, SOMDIAA, Veolia  Développement A unique community of Public/ Private & North/South investors 13% International banks and  EUR 5 Bn of total assets organizations EUR 4 Bn in portfolio AKFED, BMCE, BOA, BOAD, CAF,  EUR 1 Bn of new commitments/year DBSA, DEG, Amundi  Strong partnerships with EDFIs  PROPARCO combines long term and PROPARCO sustainable objectives with the financial requirements of the private sector

Positioning and operating model PROPARCO promotes private investment in emerging and developing countries with the view of supporting growth and sustainable development Financing Capacity to support A strong network of Objectives projects partners Long term (technical assistance, (multilateral institutions, Stimulating participation in the EDFI, private investors, financing tools growth and job governance…) commercial banks, etc…) (debt, equity or creation guarantee) Wide range of Developing and sectors deepening (infrastructures, financial markets agribusiness, manufacturing, health, e ducation, banks …) Promoting Extended local Recognized market responsible and presence and sector expertise Any kind of sustainable (deep knowledge of the private companies (capacity to attract investors’ economic models. countries, direct contact with and authorities’ confidence) (no restriction regarding the authorities,…) the nationality)

Geographical coverage PROPARCO can rely on a network of 13 regional offices (6 based in Africa), and also on the AFD’s network of 70 offices (40 based in Africa). Istanbul New Casablanca Delhi Beijing Sainto Mexico city Lagos Dominguo Bangkok Nairobi Abidjan Sao Douala Paulo Covers the ECOWAS (excepted Nigeria) Johannesburg  PROPARCO can support local as well as regional and international organizations thanks to its extensive local presence, which is a key element to :  Maintain close relationships with the business networks  Better understand the environment (regarding politics, macro-economy, safety … )

Key figures A diversified activity with a strong focus on Sub-Saharan Africa Worldwide  Portfolio > EUR 4 Bn  EUR ~ 1 Bn of new commitments / year representing about 60 – 70 projects / year Africa  450 clients More than 50% of Proparco’s commitments   3% of non performing loans  EUR 1, 5 Bn in Sub-Saharan Africa  EUR 0,8 Bn in the Mediterranean region  Breakdown by sector :  45% financial sector  ~ 650 M EUR of new commitments / year  30% infrastructures  20% companies West Africa  5% investment funds  Portfolio > EUR 500 M  2015 impacts (ex-ante estimation) :   New commitments > EUR 150 M / year More than 750 000 direct jobs created or maintained representing about 15 projects / year  876 000 t CO 2 -eq avoided or reduced  1 405 MW of power capacity financed, including 786 MW of renewable energy

Financial products PROPARCO provides its clients with diversified long term products Financial tools Features / Added Values  In EUR or USD  Senior debts  Long maturity (from 5 to 15y or more), grace period possible  From EUR 5 M to EUR 100 M +  Ariz (AFD – local banks) for projects < EUR 4 M  Guarantees  Proparco for projects > EUR 4 M  FISEA or PROPARCO, from EUR 1 M to EUR 40 M  Equity  Capital development : supporting operators which have already proved themselves  Minority stake only  In EUR or USD  Quasi-equity  From EUR 3 M to EUR 30 M  Mix between fixed and profit-related returns  Technical assistance  Carbon efficiency, governance, E&S policies, risks … Proparco finances projects at market conditions (i.e. without any subsidy) but with the balancing of financial and developmental approaches.

Examples of recent projects in West Africa ( 1 / 2 ) PROPARCO provides direct financing to structuring projects in a wide range of sectors INFRASTRUCTURES CORPORATES  Agro-industry  Power plants  SUCRIVOIRE, Sugar, Ivory Coast  PALMCI, Palm oil, Ivory Coast  Ciprel IVB , Ivory Coast  GREL, Rubber, Ghana  Azito III , Ivory Coast  OLAM, Cocoa, Ivory Coast  Takoradi II , Ghana  AGRISATCH, Poultry, Benin  Kounoune , Senegal  FANMILK, Diary products, Multi-countries  Senergy , Senegal  Hotels  Ports  Azalai – Salam and Hotel School, Mali   DP World, Senegal Teyliom - Chain Conakry, Guinea  Lome Terminal Container, Togo  Manufacturing  Airports  CDS, Cement, Senegal  SCANCEM, Cement, Multi-countries  Aeria , Ivory Coast  Services  Other  AfriMarket, Multi-countries  Eaton Towers, Niger

Examples of recent projects in West Africa ( 2 / 2 ) PROPARCO supports the economies and especially SMEs by strengthening financial intermediaries with debt and equity FINANCIAL INSTITUTIONS INVESTMENT FUNDS  Banks  Generalist funds  BICICI, Ivory Coast  I&P  BICIGUI , Guinea  AfricInvest  SG, Benin , Burkina, Ghana, Senegal  ECP IV  BOA Group, Multi-countries  Abraaj  Oragroup, Multi-countries  Enko  Cal Bank, Fidelity, Ghana  Cauris  HFC, GHL, Access Bank, Ghana  …  GT Bank, Liberia  Thematic funds  Insurances  Injaro  NSIA, Multi-countries   Aureos Health Activa , Multi-countries  IP Dev II  Other  Enko Education  Alios Finance, Leasing, Multi-countries  Advans, Microfinance, Ivory Coast  SOAGA , Brokerage, Benin

PROPARCO – WEST AFRICA LAURENT FARGE CELESTIN TANOH REGIONAL DIRECTOR SENIOR INVESTMENT OFFICER fargel@proparco.fr tanohc@proparco.fr Tel. (225) 22 40 70 14 Tel. (225) 22 40 70 96 ANGE PASCAL KOUASSI FREDERIC BITTAR INVESTMENT OFFICER INVESTMENT OFFICER kouassiap@proparco.fr bittarf@proparco.fr Tel. (225) 22 48 16 01 Tel. (225) 22 40 70 31 MATTHIEU ODOUX FATOU SOUMAHORO INVESTMENT OFFICER ASSISTANT odouxm@proparco.fr soumahorof@proparco.fr Tel. (225) 22 40 70 13 Tel. (225) 22 40 70 14 Bd François Mitterrand AURELIE ETTE ASKIA DANIELLE KANGA-EBA 01 BP 1814 Abidjan INVESTMENT OFFICER ASSISTANT Côte d’Ivoire askiaa@afd.fr kangaebad@proparco.fr Tél. (225) 22 40 70 14 Tel. (225) 22 40 70 29 Tel. (225) 22 48 16 03 Fax. (225) 22 44 21 78 www.proparco.fr Investin sting in a s sustai ainabl ble future