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Financing with a Purpose · Date of agreement: 29 May 2015\爀䌀甀猀琀漀洀攀爀㨀...
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Creating a prosperous and sustainable Nordic-Baltic region Tore Emanuelsson Financing with a Purpose Tuesday, 8 October
Transcript of Financing with a Purpose · Date of agreement: 29 May 2015\爀䌀甀猀琀漀洀攀爀㨀...
Creating a prosperousand sustainableNordic-Baltic region
Tore Emanuelsson
Financingwith aPurpose
Tuesday, 8 October
Presenter
Presentation Notes
(The Baltics: Lithuania) Our mission is to improve competitiveness and the environment of the Nordic and Baltic countries. This, we believe, makes us the right partner to support the sustainable growth of your business in the region. Let’s go through what NIB is and what we do, what industries we work with, and what we can do for you. Finally we’ll take a look at how our partnership with you could get off to a good start.
DisclaimerCertain of the statements contained in this Presentation may be statements of future expectations and other forward-lookingstatements that are based on management’s current views and assumptions and involve known and unknown risks anduncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in suchstatements. In addition to statements that are forward-looking by reason of context, the words “may, will, should, plans, intends,anticipates, believes, estimates, potential, or continue” and similar expressions identify forward-looking statements. Actualresults, performance or events may differ materially from those in such statements, due to, without limitation, general economicconditions, including in particular economic conditions and markets, performance of financial markets, interest rates, currencyexchange rates, changing levels of competition, changes in laws and regulations, changes in the policies of central banks and/orforeign governments, and general competitive factors, in each case on a local, regional, national and/or global basis. NIB assumesno obligation to update any forward-looking information contained in this Presentation.
THIS PRESENTATION DOES NOT CONSTITUTE AN OFFER TO SELL, OR A SOLICITATION OF AN OFFER TO BUY SECURITIES, NOR ISTHIS DOCUMENT OR THE INFORMATION CONTAINED HEREIN MEANT TO SERVE AS A BASIS FOR ANY KIND OF OBLIGATION,CONTRACTUAL OR OTHERWISE. THIS PRESENTATION HAS BEEN FURNISHED ON A CONFIDENTIAL BASIS SOLELY FOR THEINFORMATION OF THE PERSON TO WHOM IT HAS BEEN DELIVERED AND MAY NOT BE REPRODUCED OR USED FOR ANY OTHERPURPOSES. Other then in respect of the securities registered under the U.S. Securities Act of 1933 as amended ( the"SecuritiesAct") pursuant to Nordic Investment Bank’s registration statement on file with the U.S. Securities and Exchange Commission thesecurities described in this presentation, have not been and will not be registered under the Securities Act of 1933, or with anyregulatory authority of any state or other jurisdiction in the United States of America and may not be offered or sold in the UnitedStates except in a transaction pursuant to an exemption from, or in a transaction not subject to, the registration requirements ofthe Securities Act. Nordic Investment Bank does not intend to register these securities under the Securities Act or to conduct apublic offering thereof in the United States.
This Presentation may not be brought into or transferred to the United States of America or distributed to staff members of orcompanies associated with the recipient in the United States. In other legal systems, this Presentation may only be distributed incompliance with the respective applicable law, and persons obtaining possession should familiarise themselves with and adhere tothe relevant applicable legal provisions. Any breach of these restrictions may constitute a violation of United States securities lawor of the law applicable in other legal systems. Each person accepting this Presentation hereby agrees not to reproduce thisPresentation or any information contained herein or to divulge the contents hereof to any person and to return this Presentation toNIB promptly following any request therefore by NIB.
D I S C L A I M E R
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This is NIB
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Based in Northern Europe
Iceland 0.9%A3/A
Norway 21.5%Aaa/AAA
Sweden 34.6%Aaa/AAA
Denmark 21.1%Aaa/AAA
Finland 17.7%Aa1/AA+
Estonia 0.9%A1/AA-
Latvia 1.3%A3/A
Lithuania 2.0%A3/A
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T H I S I S N I BT H I S I S N I B
This is NIB
► The International Financial Institution of the
Nordic-Baltic countries
► Complements commercial lending
► Finances projects that help ensure
sustainable growth
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Presenter
Presentation Notes
International Financial Institution (IFI) of the Nordic-Baltic countries Government-owned, operates on commercially sound banking principles Complements commercial lending Finances projects that help ensure sustainable growth The Bank was founded by the five Nordic countries—Denmark, Finland, Iceland, Norway and Sweden—and started operations in 1976. In January 2005, Estonia, Latvia and Lithuania became members of the Bank. NIB acquires the funds for its lending by borrowing on the international capital markets. NIB’s bonds enjoy the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.
MAR 2019 DEC 2018
NET INTEREST INCOME 54 223
NET PROFIT 54 173
LOANS DISBURSED 547 4,047
LOANS AGREED 605 4,330
LOANS OUTSTANDING 18,750 19,065
MANDATE FULFILMENT (%) 100% 91%
NEW DEBT ISSUES 1,416 6,620
DEBTS EVIDENCED BY CERTIFICATES 25,240 25,651
TOTAL ASSETS 31,235 31,710
EQUITY/TOTAL ASSETS (%) 11.6% 11.3%
PROFIT/AVERAGE EQUITY (%) 6.0% 4.9%
NUMBER OF EMPLOYEES (AVERAGE DURING THE YEAR) 197 197
Key figures(in EUR million unlessotherwise specified)
K E Y F I G U R E S
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Ourvision and mission
N I B ’ S V I S I O N A N D M I S S I O N
EnvironmentPollution reduction
Preventive measures
Resource efficiency
Development of clean technology
Climate change mitigation
PROJECTS
ProductivityTechnical progress & innovation
Human capital & equal economic opportunities
Improvements in infrastructure
Market efficiency and business environment
Presenter
Presentation Notes
Our vision is a prosperous and sustainable Nordic-Baltic region. Our mission is to finance projects that improve competitiveness and the environment of the Nordic and Baltic countries.
A quality stampfor your project
Sustainablelong-termfinancing
Sectorexpertiseand projectmonitoring
Sustainability analysis
AAA/Aaa –competitive funding
What we offerT H I S I S N I B
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Presenter
Presentation Notes
Sustainable long-term financing We offer patient money, and support you throughout the duration of your project. A quality stamp for your project Your project goes through our thorough analysis, and fulfills our requirements regarding feasibility and sustainability Tailor-made financing with a purpose Our purpose is to improve competitiveness and the environment of the Nordic and Baltic countries. To fulfill this purpose, we put in the effort needed to make sure your loan truly meets your needs and helps you reach your goals. Sector expertise We have experience and local know-how regarding the sectors we work with AAA/Aaa – competitive funding
N I B ’ S M A N D A T E
SustainabilityanalysisCompanies are increasingly expected to beboth profitable and to be acting responsiblytowards society and the environment.
Therefore, NIB reviews the potential economic, environmental and social impact of all loan projects.
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Presenter
Presentation Notes
We analyse Environmental risks and opportunities of a project Commitment and capacity of the customer to manage these potential impacts Costs resulting from the ecological and social aspects of the project. The review is based on environmental impact assessments (EIAs), environmental audits/environmental due diligence questionnaires and other available and relevant documentation. We measure the impact of our lending according to set of environmental parameters, including added renewable energy added infrastructure for electrical land transports added capacity for public land transports added wastewater treatment green building certifications increased energy efficiency greenhouse gas emissions.
Loans on market terms
• Long maturities: 5–30 years• Co-financing: up to 50% of project
costs• Grace period, up to 10 years
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Long-term lending instruments
• Corporate loans, 5–15 years • Financing via financial
intermediaries, 5–12 years
• Sovereign loans to states or against state guarantee, 15–30 years
• Sub-sovereign loans directly to municipalities, 10–30 years
• Project financing, 5–15 years
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L O A N P R O C E S S
Our loan process
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Presenter
Presentation Notes
At the beginning of our common journey we both have to make a commitment to follow the steps. Every step of the process involves responsibilities for both NIB and you. By sticking to the agreed schedule and process we can get our partnership up and running efficiently. Our common path doesn’t end with the loan disbursement. We will follow up with you throughout the loan period as an advisor, making our experience and insight available to you.
Our projects in member countries
Nokia Oyj5G research
LandsbankinnSME lending
Iceland
E-CO EnergiHydropowerinvestments
Norway
City of StockholmSlussen water locks & transport hub
Sweden
Chr. Hansen A/S BiotechnologyR&D
Denmark
Lithuanian AirportsUpgrading three airpots
Lithuania
Finland
North Estonia Medical CentreHospital expansion
Estonia
VAS LatvijasDzelzcelsModernising trains
Latvia
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Expansion of Bergen's airport
Presenter
Presentation Notes
Date of agreement: 29 May 2015 Customer: Avinor AS Amount in NOK: NOK 1,000 million (EUR 117.2 million) Maturity: 20 years The loan has been provided for the construction of a terminal at Flesland airport near Bergen in western Norway. The new terminal, T3, will accommodate check-in, a baggage system, security, and departure and arrival halls on two levels. It will have six gates equipped with jet bridges that will be used for domestic travellers. When the new terminal is taken into use, Flesland airport’s capacity will increase to 10 million passengers a year from the current 6 million. The total terminal area of the airport will increase to 85,000 square metres from the current 22,000 square metres. The existing terminal will be primarily used for international traffic. Construction work began in June 2014 and is expected to be completed by summer 2017. IMAGE CREDIT: Nils Olav Mevatne, Avinor
Upgrading the international pier at Copenhagen airport
Presenter
Presentation Notes
Date of agreement: 9 Feb 2016 Customer: Copenhagen Airports A/S Amount in DKK: DKK 130 million (EUR 17.4 million) Maturity: 10 years The loan has been provided for the expansion of Pier C, at Copenhagen Airport. Inaugurated in October 2015, Pier C has been expanded by approximately 5,000 square metres and has received four new gates, including those fitted to accommodate double-deck aircraft. The expansion of Pier C is part of Copenhagen Airport's plans to increase its capacity in order to handle up to 40 million passengers annually. IMAGE CREDIT: COPENHAGEN AIRPORT A/S
Upgrade of SJ X2000 trains
Presenter
Presentation Notes
Customer: SJ AB Date of agreement: 24 Aug 2015 Country: Sweden Amount in SEK: SEK 770 million Amount in EUR: EUR 81 million Maturity: 10 years The loan has been provided for the technological upgrade of X2000 trains that have been in operation for twenty years. The company is set to modernise 36 train sets of this type. SJ plans to complete most of the physical upgrade process by the last quarter of 2018. IMAGE CREDIT: SJ AB
Improving Green Cargo's locomotives
Presenter
Presentation Notes
Date of agreement: 29 Jan 2010 Country: Sweden Customer: Green Cargo AB Amount in EUR: EUR 29.9 million Maturity: 5 years The five-year maturity loan totalling EUR 30 million has been provided for financing the upgrade of a quarter of all Green Cargo's locomotives. The project will reduce the locomotives' fuel consumption and increase their working life by approximately 20 years at just one-third of the cost of comparable new locomotives. The overhaul will also improve the drivers' working environment. IMAGE CREDIT: Green Cargo AB
AB TransitioFinancing part of the acquisition of 33 new passenger trains in the region of Mälardalen, Sweden.
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New metro trains for Stockholm
Presenter
Presentation Notes
Date of agreement: 23 Feb 2016 Customer: Stockholm County Council Amount in SEK: SEK 1,000 million (EUR 106.9 million) Maturity: 10 years The loan has been provided for financing the acquisition of 48 new metro trains and a new traffic operation system for Stockholm’s metro system. The new trains will be used on a line that connects the suburban residential districts to the city centre and transports up to 500,000 commuters daily. The trains, which are to be delivered in 2017–2021, will increase the line’s passenger capacity by adding more standing room. The new traffic system, to be taken into use in 2019, will allow for semi-automatic operation. IMAGE CREDIT: Stockholm County Council
Contruction of the West Metro line in Helsinki
Presenter
Presentation Notes
Date of agreement: 23 Feb 2016 Customer: Stockholm County Council Amount in SEK: SEK 1,000 million (EUR 106.9 million) Maturity: 10 years The loan has been provided for financing the acquisition of 48 new metro trains and a new traffic operation system for Stockholm’s metro system. The new trains will be used on a line that connects the suburban residential districts to the city centre and transports up to 500,000 commuters daily. The trains, which are to be delivered in 2017–2021, will increase the line’s passenger capacity by adding more standing room. The new traffic system, to be taken into use in 2019, will allow for semi-automatic operation. IMAGE CREDIT: Stockholm County Council
Expanding thePort of Ystad
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A SEK 500 million loan to the municipality of Ystad willfinances the expansion of the city port.
Presenter
Presentation Notes
Loan date: 2 July 2018 Borrower: Municipality of Ystad, Sweden Amount: SEK 500 million (EUR 47 million) Maturity: 25 years The loan facility will finance the expansion of the city port in Ystad, Sweden, which will allow the port to take advantage of growing traffic volumes and the increasing size and complexity of docking ships. This will especially concern traffic along the Ystad – Swinoujscie route. IMAGE: EHRENBERG kommunikation.
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The Hising bridgein GothenburgA SEK 1 billion loan will finance the construction of the new Hisingsbron.
Presenter
Presentation Notes
Loan date: 30 June 2017 Borrower: City of Gothenburg, Sweden Amount: SEK 1 billion (EUR 103 million) Maturity: 20 years The loan has been provided for financing the construction of the Hisingsbron, or Hising Bridge, over the Göta River at the city of Gothenburg, Sweden. The Hising Bridge will link Gothenburg’s centre to the Älvstaden district, contributing to denser urban development on both river banks. The new connection will replace the ageing Göta älv Bridge, which will be demolished due to its deteriorating condition. Image: City of Gothenburg
Expansion of E6 motorway in Hedmark
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A NOK 1.5 billion loan to Vegfinans E6 finances the expansion of the E6 motorway between Kolomoen and Moelvin Hedmark County, Norway.
Presenter
Presentation Notes
Loan date: 30 June 2017 Borrower: Vegfinans E6 Gardermoen-Moelv AS Amount: NOK 1.5 billion (EUR 156.8 million) Maturity: 20 years The loan has been provided to finance the expansion of the two- and three-lane motorway connection of the E6 between Kolomoen and Moelv in Hedmark County, Norway, into a four-lane section. The total length of the road stretch is 42.7 kilometres.
How can we support you?
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