Ping An International Financial Leasing Aviation Business Unit 20 February 2017 1
CONTENTS 1. Ping An Group 2. Ping An Leasing 3. Aviation Business 2
1. Ping An Group - Background Founded in 1988, listed USD768 billion balance on Hong Kong and sheet ;275,011 staff, Shanghai stock 870,000 insurance The largest insurance exchanges. agents. group in terms of revenue in China Full series of financial services licenses (insurance, commercial banking, securities and investment banking, commodities, fund management, trust and leasing). 3
1. Ping An Group - Structure Ping An Insurance Group Insurance Banking Investment Ping An Leasing Ping An Life Ping An Trust Ping An Property Ping An Securities Ping An Annuity Ping An Bank Ping An AM Ping An Health Ping An Overseas Ping An Hong Kong Ping An AM (HK) Ping An-UOB Fund 4
1. Ping An Group - Highlights 1 of the 9 Global Largest non-State Owned Systematically Important Enterprise in China Insurance Institutions Ranked 20 th on Forbes One of the most successful Global 2000 internet financial service Ranked 41 th on providers in China Fortune Global 500 5
2. Ping An Leasing – Overview Founded in 2012, headquartered in Shanghai Wholly-owned subsidiary and 1100 staff, dedicated leasing nationwide business of Ping An footprint Group USD1.45 bn USD14bn registered capital, balance sheet one of the (as of strongest leasing 30June,2016) company in China 6
2. Ping An Leasing – Business Strategy Focusing on high-growth sectors in China with highest market penetration in • selected segments; Business synergies with Ping An Insurance Group; • Aviation as the new strategic addition, bringing access to USD assets and global • market. Small Micro Finance Manufacture Aviation Product Construction Health Department Care Business Development Energy and Metallurgy Factoring Comprehensive Finance Individual Finance Urban Development Institutional Finance 7
2. Ping An Leasing – Aviation Business New Overseas Team Team members Newly added joined from global First overseas business leasing companies office set up department since and airlines ; in Ireland, July 2015, A team of 20 operated by following a two- professionals, and locally-based year observation growing fast; full time staff period to Average of over 10 understand the years of industry market experience in aviation 8
3. Ping An Aviation – Structure Ping An Insurance Group 100 % Ping An Leasing - Shanghai 100 % Ping An Aircraft Leasing Company Limited - Ireland 9
3. Ping An Aviation – Full Range Investment Sale and Lease Back Short Term Mid Term Strategic Package Aircraft Acquisit Assets ion Trading purpose New or near new Long term investment aircraft Longer than 10 year Brand new or Longer than 8 year lease mid-life aircraft 2 to 3 year lease Match long term Order period More than 3 year capital and period others 10
3. Ping An Aviation – Target Airlines >15 >15 >30 Focusing on establishing business relationship with more than 60 major airlines world wide. 11
3. Ping An Aviation – Financing Strategy External Financing • Own cash funding • JOLCO from Ping An • French Tax • Asset backed non- Leasing and Ping • ABS recourse financing An Group • Aircraft • Recourse investment fund financing • Others Internal Structural Financing Financing 12
3. Ping An Aviation – Full in-house Function Financing and Treasury Marketing Technical Aircraft Acquisition and Asset Management Trading Legal and Contract Management 13
3. Ping An Aviation – Key to Success First and only aircraft lessor backed by insurance capital in China as well as Asia; Long-term committed, the best-fit type of capital for aircraft leasing; Flexible and not risk-averse; strong risk management capability; New technology focus, high trading capability and global reach; Leverage full in-house capability to manage assets for institutional investors; Fast Growing, run by professionals joining from global lessors and airlines, deep expertise in aviation industry, profesional and efficient execution. With a professional team, global focus and strong financial support, we target to be a World Class well-Recognized Aircraft Lessor 14
3. Ping An Aviation – Key Members Joe Ye TIAN – Managing Director, Head of Aviation Joe joined the company July 2015 heading the global operation of Ping An aviation business. Before joining the company, he worked for ORIX Corporation about 10 years in Tokyo, mainly focused in China and North Asia aircraft leasing and financing market. He was involved more than 100 aircraft transactions including JLL, JOLCO, JOL deals initiation and termination, he also has multiple experiences on aircraft acquisition (on lease aircraft package and SLB), marketing, trading, remarketing and financing. He received the MBA degree from Tsukuba University in Japan and bachelor of Computer Science from Suzhou University in China. 15
3. Ping An Aviation – Key Members Gareth DELANY - Executive Director and Chief Technical Officer Gareth Delany is Executive Director and Chief Technical Officer at Ping An Aircraft Leasing. Gareth joined Ping An in October 2015, and is responsible for all aspects of technical and asset management of the Ping An aircraft portfolio. Prior to joining Ping An, Gareth held the position of Senior Director, Head of Technical and Asset Management at ORIX Aviation, where he worked for ten years. He has also worked for Lufthansa Technik as a powerplant and test cell specialist, with particular emphasis on the operation and maintenance of various engine types. Gareth holds a first class honours degree in mechanical engineering from University College Dublin and has eighteen years of experience in the aviation industry. 16
3. Ping An Aviation – Key Members Haiyan ZHENG – Senior Vice President, Aircraft Trading Haiyan joined Ping An in July 2015, and is responsible for all aspects of portfolio trading including trade-in and trade-out. Prior to joining Ping An, She held the position of Senior Manager of Aircraft Acquisition Department at HNA group, where she worked for fourteen years. She has worked for HNA group as an Aircraft Type Certificate Instructor of Aircraft Maintenance Department and followed Senior Manager of Aircraft Acquisition Department, with particular emphasis on the Aircraft Acquisition and Leasing of various aircraft types. Haiyan holds a master degree in aircraft design from Northwest Polytechnic University in Xi’an and has sixteen years of experience in the aviation industry. 17
3. Ping An Aviation – Key Members Marco Jiong XU – Director, Technical and Asset Management Marco joined the company in September 2015, and is responsible for all aspects of technical and asset management of the Ping An aircraft portfolio. Prior to joining Ping An, he held the position of Senior Manager of Technical and Asset Management at Aviation Department in CDB Leasing, where he worked for three years. He has also worked for China Eastern Airlines as a powerplant engineer, with particular emphasis on the operation and management of various engine types. He has Sixteen years of experience in the aviation industry. 18
THANK YOU 19
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