TRANSPORT Stimulating Investment in Financing Development of Aviation Infrastructure
About us We are IDB Invest, the private sector institution of the IDB Group, a multilateral development bank committed to strengthening Latin American and the Caribbean businesses. We combine the speed and agility of the private sector with the strength and stability of the IDB Group, we’re driving business to revolutionize markets. Corporates Governments Infrastructure Innovation Lab Financial intermediaries civil society Loans Loans Loans Guarantees Equity Guarantees Equity & Mezzanine Advisory Grants Grants Policy advice services Technical assistance 2
At glance 54 60 45 YEARS PERCENT SHAREHOLDERS OF SHARES OF EXPERIENCE IN THE REGION AS HELD BY LATIN AMERICA IDB GROUP AND THE CARIBBEAN MEMBER COUNTRIES 400 28 Aa1 MOODY’S AA STANDARD & POOR’S OFFICES EMPLOYEES IN LATIN AMERICA AAA FITCH RATINGS AND THE CARIBBEAN, ASIA AND EUROPE 3
What we offer We support our clients by providing finance solutions, advisory services and knowledge that meet the evolving demands of the regions private sector. Financial Products Knowledge Advisory Services and Services • • Loans Publications • Climate change • • Guarantees Conferences and • Gender • Equity and mezzanine workshops • MSMEs • • Resource mobilization Market trends • Public-private partnerships • • Blended finance Feasibility studies • Regional/sectorial expertise Priority sectors We work in a variety of sectors and the mission stays the same: create solutions, guide great ideas, and turn potential into reality. Financial Intermediaries Infrastructure Corporates Banks and other financial Agribusiness Energy intermediaries Manufacturing Transport Financial Inclusion Tourism Water and sanitation Funds Telecommunications, media Social infrastructure and technology 4
Our value added Sector expertise Access to other Regional funding sources knowledge IDB INVEST leverages its knowledge and financing to Public-private Advisory deploy replicable, scalable dialogue capabilities solutions that transform our clients, our markets and our region. Tailor-made financial Social & solutions environmental value creation 5
Business $10.9 $10.2 360+ BILLION BILLION 2 PROJECTS TOTAL ASSETS APPROVALS AND 2 UNDER MANAGEMENT MOBILIZATION 1 Impact 109 4.2 2.7 MILLION MILLION MILLION JOBS MSMEs tCO 2 REDUCED 3 CREATED 3 FINANCED PER YEAR 4 1 Actual amounts 2016 – June 2018. 2 As of June 2018. 3 Accumulated 2011 – 2017. 4 Average 2016 – 2017. All amounts are in USD. 6
TRANSPORTATION Making connections
The market opportunity Investments in roads, ports, railroads and air transport reduce transaction costs for businesses, ensure access to affordable energy and hedge against inflation and high commodity prices. Latin America has the lowest airport construction and development activity of US$25 billion/year compared to Europe and North America ($100 billion and $90 billion, respectively). BY 2050 90% Ninety-five percent of international trade moves through ports in OF THE REGION’S Latin America and the Caribbean. POPULATION WILL LIVE IN CITIES 8
$374 $915 13 CLIENTS 1 14 BILLION MILLION OUTSTANDING A- OUTSTANDING PROJECTS 1 LOANS 1 B-LOANS 1 1.107 17.757 1.750 KM NEW ROADS BUILT MILLION OR UPGRADED 3 JOBS PEOPLE GIVEN ACCESS TO IMPROVED PUBLIC LOW- CREATED 3 CARBON TRANSPORTATION SYSTEMS2 1 Under management as of June 2018. 2 Accumulated 2011 – 2015. 3 Accumulated 2011 – 2017. All amounts are in USD. 9
Transport value added We promote an integrated approach to transport development to incentivize market entry and promote sustainability. FINANCING OPTIONS Project finance loans Corporate loans Guarantees TRANSPORT SECTORS Bridge financing Mini-perms Subordinated/mezzanine debt Equity Capital market issuances Local currency financing Blended finance Airports Toll roads ADVISORY SERVICES Road safety appraisals Metros Rapid Transport Systems (RTS) Ports Climate change adaptation and mitigation appraisals Upstream coordination with governments Public-private partnerships advisory Knowledge sharing and publications 10
OUR TRACK RECORD
Portfolio highlights (All amounts are in USD) Juan Santa Maria International Airport Costa Rica, 2011 Bahamas, 2017 A-Loan $45 mm A-Loan $3 mm Mobilization $55 mm 12
Energy efficiency investment in the Aviation Sector ARAWAK PORT DEVELOPMENT LIMITED INVESTMENT SUMMARY Client/sponsor: Arawak Port Development Limited (APD Year of closing: 2017 Limited) Objective: Reduce the Country: Bahamas company’s carbon footprint by decreasing consumption of A-Loan: US$3 million electricity from the main grid. KEY FEATURES DEVELOPMENT IMPACT The project financed the installation of a The solar photovoltaic system provided rooftop solar photovoltaic system on APD approximately 80,000 kWh within the first year Limited's main building at the port, as and reduced the company’s carbon footprint by well as financed the retrofit of the port’s decreasing consumption of electricity from the terminal lights to LED, along with other grid through an investment that generates zero- energy efficiency activities at the port. emission electricity. The LED conversion yield a further reduction in fossil fuel power generation of 220,000 kWh each year, bringing the total annual reduction to 300,000kWh. approximately APD Limited is committed to preserving the environment through clean technology and this project has helped to meet this commitment. 13
Mainstreaming sustainability in airport expansion JUAN SANTAMARIA INTERNATIONAL AIRPORT INVESTMENT SUMMARY Client: AERIS Co Co-loan: $55 million Year of closing: 2014 Tenor: 15 years Objective: Expand Costa Rica’s Country: Costa Rica airport and strengthen local Total project cost: $5.8 billion A-loan: $45 million economic activity KEY FEATURES DEVELOPMENT IMPACT The loan finances the first two expansion As a result of this project, the total phases of the airport. Works include a operating revenues increased almost 10% terminal extension to permanently house during the first half of 2015 ($46.4 security, immigration, customs processing million) compared with the same period in and additional holding rooms. Additional 2014. improvements include placement of a hold pad at the end of the taxiway and treatment to An infrastructure sustainability assessment, repair asphalt in key circulation areas. based on a Harvard University methodology, found the project improved the quality of The airport is the second busiest in Central life of communities, stimulated job America, servicing approximately 3.5 million creation, improved tourism and agro passengers annually through 48 non-stop industries and minimized use of energy and destinations. Costa Rica’s main industries water. After the investment, the Airports of tourism, agriculture and electronics rely Council International ranked the airport as heavily on air transportation. the 3 rd best in Latin America. 14
Our r most t recen cent t market ket awards rds 15
Let’s continue the conversation Javier Rodríguez de Colmenares Division Chief, Infrastructure and Energy javierro@idbinvest.org Felipe Ezquerra Head, Transport felipee@idbinvest.org Mark Peters Investment Management Officer Advisory Services Division mpeters@iadb.org Web: www.idbinvest.org LinkedIn: www.idbinvest.org/linkedin Twitter: www.idbinvest.org/twitter Facebook: www.idbinvest.org/facebook Blog: www.idbinvest.org/blog 16
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