Dr. Gon çalo Vaz Botelho Caixa Banco de Investimento · Gonçalo Vaz Botelho Executive Board...

Caixa, a capital catalyst within the AfricaCaixa, a capital catalyst within the Africa

Dr. GonDr. Gon ççalo Vaz Botelhoalo Vaz BotelhoCaixa Banco de InvestimentoCaixa Banco de Investimento

African business and financial opportunitiesLisbon, June 2011

Outline

� CGD Group

– Geographic Footprint

– Investment Banking

– An international instituition

� Operations in Africa - Examples

� Final Remarks


Caixa Geral de Depósitos Group – CGD in the world

CGD Group is unique in the world with its direct pr esence in mosCGD Group is unique in the world with its direct pr esence in mos t the Portuguese t the Portuguese Speaking Countries Speaking Countries –– Especially in AfricaEspecially in Africa

As a global player, the CGD Group is where the clie nts are


Outline

� CGD Group





� Final Remarks


Activities of the Investment Bank

Brokerage andResearch

Brokerage andResearch

Project Financeand Strutured

Finance

Project Financeand Strutured

Finance

M&A andFinancial Advisory

M&A andFinancial Advisory

Equity Capital Markets

Equity Capital Markets

DebtCapital Markets

DebtCapital Markets

PrivateEquity

PrivateEquity


Cross Border Corporate Banking

Globalization has changed us into a company that se arches the world, not just to sell or to source, but to find intellectual capital - the world 's best talents and greatest ideas.

Jack Welsh


Outline

� CGD Group





� Final Remarks


Internationalization process

In a world where change is the rule and not the exception, th e

management capacity to adjust rapidly to change and volat itlity is the

key to international competitiveness.

“I am not here to foresee the world. I am here to ensure that I have a company

that is strong enough to respond to whatever happens.”

Jack Welsh


Angola Angola Angola Angola –––– Caixa TottaCaixa TottaCaixa TottaCaixa Totta

v Universal banking service – private andbusiness segments (personalized serviceusing Offices)

v Current local network of 21 branches

v Local treasury and investment support

v Interaction between the CGD and BCGTA commercial structures

www.caixatotta.ao

Internationalization of the CGD Group – Presence in Africa

MozambiqueMozambiqueMozambiqueMozambique ---- BCIBCIBCIBCI

v 2nd largest bank in the Mozambiquesystem

v Universal banking service – private andcompany segments (personalizedservice using Offices)

v Current local network of 95 branches

v Local treasury and investment support

v Interaction between the CGD and BCI commercial structures

www.bci.co.mz


Cape Verde Cape Verde Cape Verde Cape Verde ---- BCABCABCABCA

www.bca.cv

v Market leadership

v Universal banking service– private andcompany segments

v Bank with largest share among emigrantCape Verdean communities

v Has 32 branches – the country’s biggestnetwork of branches

v Only bank operating in all the islands


Cape Verde Cape Verde Cape Verde Cape Verde ---- InteratlânticoInteratlânticoInteratlânticoInteratlântico

www.bi.cv

v 3rd bank in the financial system andnoted in particular for its positioning in the business segment and itspersonalized service using Offices

v Close relations with the business fabricand capital markets

v Currently has 9 branches that cover 4 islands of the archipelago


São TomSão TomSão TomSão Toméééé andandandand PrPrPrPrííííncipe ncipe ncipe ncipe ---- BISTPBISTPBISTPBISTP

v Largest bank in the country

v Offers universal banking services and isundisputed leader in the nationalbanking sector

v Current local network in the country of 8 branches

v Offers local treasury and investmentsupport

v Interaction between the CGD and BISTP commercial structures

www.bistp.st



Development Banks in Angola and Mozambique

Following the Memoradums signed between Portugal, Mozambique and Angola, CGD

(representing the Portuguese State) is working in the setting-up of two Development

Banks, respectively in Mozambique - Banco Nacional de Investimento (“BNI”) - and

Angola – Banco para Promoção e Desenvolvimento (“BPD”).

BNI will have a share capital of USD 125 million, of which 49,5% will be held by CGD,

49,5% by Direcção Nacional do Tesouro (Mozambique Treasury) and the remaining 1%

by BCI.

BPD’s share capital will ascend to USD 500 million, held in equal parts by CGD and

Sonangol.

These Banks may hold Venture Capital subsidiaries in their respective local markets, and

in BPD’s case also in Portugal.

Both Banks’ share capital are still only partially subscribed, and there is still no definitive

date for the Banks’ inaugurations.



Concessional Credit Line Angola

€ 100.000.000

Support for Portuguese Exports (Capital goods and

services) with State guarantee

Concessional Credit Line Angola

€ 100.000.000



Concessional Credit Line Mozambique

€ 400.000.000



Concessional Credit Line Mozambique

€ 400.000.000



Concessional Credit Lines Cape Verde

€ 200.000.000 + €200.000.000



Concessional Credit Lines Cape Verde

€ 200.000.000 + €200.000.000



Concessional Credit Line de São Tomé

and Príncipe

€ 50.000.000



Concessional Credit Line de São Tomé

and Príncipe

€ 50.000.000



Medium/Long Term Credit Lines for Africa

(Concessional and Commercial Lines)

Angola Plafond COSEC

€ 1.000.000.000

Commercial Credit Line of Support for Portuguese

Exports (capital goods and services)

Angola Plafond COSEC

€ 1.000.000.000



Commercial Credit Line

Mozambique

€ 300.000.000



Commercial Credit Line

Mozambique

€ 300.000.000



CGD Lines of mid/long-term Support for Portuguese Export s


Outline

� CGD Group





� Final Remarks



LUANDA SHOPPING:

Leadership and structuring of a transaction of “Trade Finance” and financing

package in the amount of USD 100M to ensure the import of services, goods and

equipment, purchased in the Chinese market (70%) and in the Portuguese market

(30%) which are necessary to the construction of the Luanda Shopping:

This shopping center is integrated into the Comandante Gika building, which also

includes a five star hotel, two office towers and a housing complex.

CaixaBI was Mandated Lead Arranger / In conclusion, contracts signed in

May 2011

Operations in Africa – Angola

Imoshopping – Gestão

de Imóveis S.A.

Letter of Credit

USD 100.000.000

May 2011

MANDATED LEAD ARRANGER



CINAC – CIMENTOS DE NACALA, S.A.

Financial advisory for the structuring of external financing of USD 20M to (i) restructuring of bank loans and (ii) investments in automation and modernization of the plant’s power supply system.

CaixaBI was Financial Advisor and MLA / December 2009

Operations in Africa - Mozambique


CINAC – Cimentos de

Nacala

Cement Plant

USD 20.000.000

December 2009

CONCESSION OF NEW TETE BRIDGE

New bridge over the Zambezi river and its immediate accesses, near the town of Tete, as well as improving traffic conditions on the roads between the border with Malawi and the border with Zimbabwe, with an extension of approximately 260 km.

Financial advisory for the concession of the conception, construction, financing, operation and maintenance of the new Tete Bridge. Overall investment exceeding EUR 105M with Long Term financing through the concessional credit line for Mozambique and Short Term financing through BCI.

CaixaBI was Co-Financial Advisor / Closing in July 2010 and first withdrawal of funds in March 2011

CO-FINANCIAL ADVISER

Estradas do Zambeze

New Tete Bridge

Concession

USD 105.000.000,00

December 2010



ÁGUAS DE PONTE PRETA

Structuring and financing package of EUR 10M for the construction and operation of

the following infrastructures:

(i) desalination of seawater;

(ii) wastewater treatment;

(iii) production of electricity, to be held in Urbanization Ponta Preta, Sal

Island, Cape Verde.

This operation was promoted by Turicomplex and by Águas de Sabadell.

CaixaBI was Financial Advisor / January of 2007

Operations in Africa – Cape Verde


Desalination of

Seawater and

Wastewater Treatment

€ 10.000.000

January 2007



Operations in Africa – CaixaBI’s Pipeline

CaixaBI is currently negotiating several (over 10) advisory mandates for operations in

Mozambique and Angola in the area of road infrastructure (road concessions), energy (combined

cycle power plants and hydroelectric), telecommunications, several industry and services with a

total investment of over USD 2 billion.


Outline

� CGD Group





� Final Remarks


In an increasingly integrated world, CaixaBI is the favor ed partner in theinternationalization of Portuguese enterprises – we follo w our clients wherever theyare doing business.

Best Equity House in Portugal

2006

Best InvestmentBank in Portugal

2007


2008

Best Equity House in Portugal

2009


2009


2010


Gonçalo Vaz Botelho

Executive Board Member

Caixa Banco de Investimento

+351 213137300

[email protected]

Paulo Graça Silva

Head of Investment Banking in Angola


+244 222670800

[email protected]

Daniel Santos

Head of Project Finance


+351 213137300

[email protected]

Dr. Gon çalo Vaz Botelho Caixa Banco de Investimento · Gonçalo Vaz Botelho Executive Board...

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