Introduction to IFU and it's sister funds Presentation to CMIC - PowerPoint PPT Presentation

Introduction to IFU and it's sister funds Presentation to CMIC Mexico City, February 3rd, 2016 Lars Kruse, VP Latin America 26-01-2016

IFU AS A FUND MANAGER 26-01-2016 Introduction to IFU and it's sister funds

WHAT IS IFU? Independent government-owned fund, operating on commercial terms Promotes economic and social progress in developing countries 150 Provides risk capital and advice investment countries for projects having a Danish interest Established in Total contracted investments of more than 1967 17 155 bn DKK bn DKK invested in share capital and loans Leverage/mobilisation of capital: factor 9 26-01-2016 Introduction to IFU and it's sister funds

Advice Financing • Evaluation of business plan • Risk sharing and long-term • Financial structure • Investment horizon • Legal set-up • Share capital • Partner negotiations • Loans • Governance/CSR • Guarantees • Access to local authorities • Investment period 6-8 years • Finding premises • Agreed exit FOUR ELEMENTS IN IFU’S VALUE CREATION Strategic partner Network & local presence • Board work • Experience from 1200 investments in 150 countries • Strategic advice • Nine regional offices in Africa, • Additional financing Asia and Latin America • CSR reporting • 44 local and regional advisers • Experienced investment teams 26-01-2016 Introduction to IFU and it's sister funds

Investments in Airlines / air transport IFU/ IØ/ IFV’s contracted Expected Expected Actual direct participation Total Total Project Activity/ Danish total direct employment disbursed outstanding Period name Product partner investment employment (active Shares Loans (DKKm) (DKKm) (DKKm) (persons) projects) (DKKm) (DKKm) Ghana Muk Air Air transport Muk Air 2.02 1.3 10.5 30 0 1997-2006 Maldives Maldivian Air Service Air transport 2.5 2.5 4.8 25 1992-1999 Air Taxi International Philippines Sterling Summit Air transport 3.4 1.3 4.1 9.4 10 1975-1982 European Latvia Air Baltic Air transport SAS 15.9 18.4 25.8 130.0 300 1995-2004 Corporation TOTAL projects: 4 21.2 22.3 33.7 0.0 154.7 365

IFU IRR Mexico – close to 10% 26-01-2016 Introduction to IFU and it's sister funds

THANK YOU Lars Kruse VP Latin America Mail: lkr@ifu.dk 26-01-2016 Introduction to IFU and it's sister funds