BDO Francisco EVF_ADBRenewable08.22.2013v2
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Transcript of BDO Francisco EVF_ADBRenewable08.22.2013v2
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Climate Change Building
Critical Mass AwarenessEngaging Media, Entertainment & Advertising
Auditorium B&C, ADB Headquarters, Mandaluyong City
22 August 2013
Presented by: Eduardo V. Francisco
President, BDO Capital & Investment Corp.BDO Greening Chairman
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OUTLINE
Our RE Strategy
BDO Sustainable Energy Finance Program (IFCPartnership)
BDO Greening Program Conclusion
Contact Details
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OUR RE STRATEGY
We are keen supporters of viable projects even if
done on limited recourse or on a project financebasis. We prefer projects with PPAs that are notsolely reliant on the FIT.
We like run-of-river mini-hydro projects andselected biomass projects which use own plantsagricultural waste materials as feedstock toproduce own power (captive).
The Bank will continue to tap the followingsectors for energy efficiency financing: hotelsand resorts, malls, commercial building,industries, and agro-processing.
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OUR RE STRATEGY
We will also tie-up with Energy ServiceCompanies (ESCOs) to finance their projects ortheir clients energy projects. But we still need to
see strong credit worthy ESCOs with proven
track records.
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BDOS SUSTAINABLE ENERGYFINANCE (SEF) PROGRAM WITH IFC
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FEATURES OF THE PROGRAM
In March 2010, BDO signed a CooperationAgreement with the International FinanceCorporation (IFC) to facilitate the financing ofenergy efficiency and renewable energy
investment projects. IFC will provide advisoryand capacity building services to BDO to developand promote sustainable energy financing.
Sustainable energy projects include investments
in energy efficiency (EE) and renewable energy(RE) projects (below 15 MW).
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FEATURES OF THE PROGRAM
IFC and EE/RE consultants will assist the Bankin the appraisal and evaluation of specific marketsegments, technologies and projects involvingEE and RE investments. This enhances the
Banks capacity- building efforts in managingsustainable energy portfolio.
IFC is providing the Bank advisory services inthe following areas:
Support in market identification IFC will assistthe Bank in developing strategy for EE and REfinancing and in identifying specific target
market. 7
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FEATURES OF THE PROGRAM
Capacity building for Bank staff IFC willconduct training and workshops for Bankofficers in the following areas: technical andfinancial evaluation of EE and RE projects; risk
evaluation and management; project andprogram monitoring.
Specific market research Conduct of marketstudies on specific market segments which
BDO would require from IFC. IFC will alsoprovide BDO with all scoping studies alreadycompleted by IFC.
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FEATURES OF THE PROGRAM
Relationship brokering IFC will assist inidentifying equipment suppliers and energyservice companies (ESCOs) for thedevelopment of BDOs pipeline projects.
Marketing supportAssist BDO in developingthe marketing and awareness campaign for itssustainable energy finance program.
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FEATURES OF THE PROGRAM
Energy efficiency and renewable energycalculators IFC will provide energy efficiencyand renewable energy calculators to help theBank officers evaluate energy efficiency and
renewable energy projects. This is inconjunction with the training on technical andfinancial evaluation of EE and RE projects.
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BENEFITS TO CLIENTS
BDO provides free-of-charge energy walkthroughaudit to assess clients plant facilities and
presents audit findings, EE solutions if any, andcomputation of energy savings. If client needs
financial assistance, BDO can provide financingfor the EE investment.
For RE projects, RE consultant will preparetechnical evaluation of the project and can
provide advisory services to clients in the area oftechnology and feedstock (for biomass projects)assessment.
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REVIEW OF THE PROGRAM
A. Summary of Loans Approved and Released
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Project
Loans
Approved
(Term Loans)
Loans
Released/Status
EE Onion coldstorage plant
P205 M Loan &P59.59 MLeasing facility
P264.59 M
EE GreenBuilding
P500 M P500 M
RE - Mini-hydro P850 M Under loandocumentation
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REVIEW OF THE PROGRAM
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Project
Loans
Approved
(Term Loans)
Loans
Released/Status
RE Rice-huskfired power plant(captive)
P40 M Under loandocumentation
EE-Mall/ShoppingCenter
P32 M Under loandocumentation
TOTAL P1,692 M
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REVIEW OF THE PROGRAM
B. Accounts Under Evaluation/Pipeline(with pre-clearance)
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Project Estimated Loan
EEAirconditioning& Lighting system P100 M
EE- Airconditioning &Lighting system
P30 M
EE- System lossreduction/upgrade oftransmission lines &substations
P160 M
TOTAL P290 M
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67.5MW wind farm located in Pililla, Rizal (the Project), comprising
of 27 x 2.5MW wind turbines
One of the 6 exclusive Wind Energy Service Contracts (WESC)awarded by the DOE to Alternergy
Alternergy Wind One Corporation to construct and operate the Project
(AWOC, the Company, or the Project Company) Total project cost estimated to be US$186 million at D/E of 70:30
Construction period estimated to be 15 months
20Y REPA with Transco as FIT Administrator
Interconnection agreement with Meralco
Turnkey EPC contract and O&M contract with the consortium ofNordex SE and McConnel Dowell Group executed on 11 July 2012
Alternergy Wind One Corporation
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Alternergy Wind One Corporation
Special Purpose Company; incorporated on 29 June 2011
Total Sponsors equity funding commitment of approximately US$51million
On July 31, 2012, AWOC obtained DOE approval of APHCsassignment of all its rights and benefits under the Wind EnergyService Contract (WESC)
The Project received the Confirmation of Commerciality from theDepartment of Energy (DOE) last May 17, 2013.
Management team:
Name Position
Vincent Prez President and Chief Executive Officer
Knud Hedeager Executive Vice President and Chief
Operating Officer
Gerry Magbanua Vice President and Chief Financial Officer
Marie Antonette de Guzman Vice President and Corporate Counsel
Alma Roxas Corporate Project Manager
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Presented by Eduardo V. Francisco
President, BDO Capital
BDO Greening ProgramInitiatives to support environmental causes
Eduardo V. FranciscoPresident, BDO Capital and Investment
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BDO GREENING PROGRAM
Internal initiative toincrease environmental
awareness and promote amore responsible lifestyleamong employees.
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BDO Greening Initiatives
1. Awareness campaign through seminars, BDO Intranet page
on greening programs, Project Noel film showing,No to plastics at cafeterias and Green Tip of the Month
2. 7,000 tree seedlings planted in Cebu, Bicol, Clark, Pampangaand NLEX. Supported the Oh My Gulay! (OMG!) projectof ex-Sen. Angara for the second year in 15 public schools
3. Implementation of projects through voluntary participationof employees
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Electronic Monthly Billing Statement
Go Paperless campaign of BDO Credit Cards throughenrollment in Electronic Monthly Billing Statement facilityto encourage the public to reduce use of paper.
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Electronic Monthly Billing StatementBDO and WWF partnership project
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BDO is BAIPHIL Green Bank
Champion
BDO's entry is the BAIPHIL Green
Bank Champion for Fund
Mobilization and Partnership for the
Environment.
BDO partnered with and World WideFund for Nature (WWF)-Phil in a projectto help sustain and manage the whaleshark eco-tourism program in Donsol,
Sorsogon through research and dataand environmental protectionmanagement.
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Let's green the planet
Pledge to change one action to reduce
your impact on Mother Earth. Here aresome greening ideas:Shave five minutes off your shower.Bike, walk or take public transit to work.Take the stairs.Bring a reusable water bottle or coffeemug to work.Do meetings via teleconferencing orvideo-conferencing.
Go paperless. Opt for soft or digitalcopies of your bills, books, documentsand more.Do mobile or net-based transactions.
Celebrate Earth Dayeveryday by doing small
acts for the planet. When allof us act together, evensmall deeds can make a bigdifference for Mother Earth.
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CONCLUSION
Everyone recognizes need to save our planet andmaximize its resources.
We are cognizant of climate change and the needto reduce our carbon footprint.
We espouse greening efforts in our householdsand companies as well as green financing for ourclients.
We also working on several RE project financingand keen to support other sponsors on theirefforts.
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BDO Capital & Investment Corporation
Eduardo V. Francisco
+63 917 855-6248 [email protected]@bdo.com.ph
Outstanding LocalUnderwriter-2006
Best Investment Bank
in the Philippines:
2006-2013
Best Equity House inthe Philippines:
2006, 2007, 2009,
2010, 2013
Best Bond House in
the Philippines:
2007, 2008, 2010, 2012
Best Debt House in
the Philippines:
2006-2010
Best Equity House inthe Philippines:
2006, 2007, 2008, 2010
Best Investment Bank
in the Philippines:
2007-2013
Best Bond House in
the Philippines:
2007-2010, 2012, 2013
Best Equity House in
the Philippines: 2008
& 2013
Best Domestic
Investment Bank in
the Philippines:
2006-2012
Best Equity House in
the Philippines:
2008, 2010
Top Corporate Issue
Manager/Arranger 2011 & 2012
Best Investment Bank in the
Philippines-2012
mailto:[email protected]:[email protected]