1 Export Development Canada Your Financial Partner February 2009
2 Export Development Canada (EDC) was established in 1944 and has become Canada’s official export credit agency. Our mandate is to support export and foreign investment. EDC is AAA rated by Moody’s and Standard & Poors and is financially self-sustaining. Our services include: Financing Accounts Receivable Insurance Contract Insurance & Bonding Political Risk Insurance Today, we are open for business in over 175 countries including 153 developing markets EDC Facilitating Canadian Trade
3 The Extractive Industries Team EDC has recently restructured. Six new industry sector teams were introduced, including the Extractive Industries Team Extractive Industries includes: Mining Oil & Gas Pipeline Base Metal Production Fertilizers & Petrochemicals
Volume - Mining (CAD) Financing $ 915 million Political Risk Insurance$ 565 million Accounts Receivable Insurance $ 12.6 billion Contract Insurance & Bonding $ 135 million TOTAL $ billion
5 EDC helps Canadian companies and their Foreign buyers to arrange… Corporate Revolvers Bilateral Facilities Acquisition Facilities Bridge or Term Loans Syndicated Facilities Highly Structured/Project Finance Facilities EDC Financing Services
EDC helps Canadian exporters… Offer competitive payment terms to their foreign buyers Arrange working capital and banking facilities Arrange bonds required by their foreign buyers Manage their foreign exchange risks EDC Contract Insurance & Bonding
EDC helps Canadian exporters… Offer competitive payment terms to their foreign buyers Arrange working capital and banking facilities to support their foreign contracts EDC Accounts Receivable Insurance
8 EDC Political Risk Insurance EDC helps Canadian companies invest overseas… Assessing Political Risks Underwriting Equity Policies Underwriting Debt Policies Arranging Private Sector Insurance (Lloyds, Sovereign, Zurich, AIG) Arranging Public Sector Insurance (OPIC, ECGD, OND, EFIC, MIGA)
9 Extractive Industries 2007 Mining Transactions MEXICO Silver Wheaton Corp. BRAZIL CVRD Lender ARGENTINA Ternium S.A. BRAZIL Usiminas BRAZIL Kinross Gold Corporation MEXICO Grupo IMSA, S.A. de C.V. Lender RUSSIA SNC-Lavalin Engineer & Constructors Inc. Lender USA Steel Dynamics INDONESIA PT Pamapersada Nusantara CHILE CODELCO
10 Extractive Industries 2008 Mining Transactions CHILE CODELCO Lender PERU Hochschild Mining plc Lender BRAZIL International Commercial Steel Lender MEXICO Industrias Penoles S.A.B. de C.V. Lender MEXICO Grupo Cementos de Chihuahua, S.A.B. de C.V. Lender RUSSIA OJSC MCC Eurochem Lender CHILE Soquimich Comercial SA (SQL) Lender
11 Charles Edgeworth Senior Account Manager Commercial Markets Toronto, Canada Tel: (416) Contacts Kimberley Lok Sector Advisor Extractive Industries Ottawa, Canada Tel: (613)