BSTDB: Energy in Southeast Europe November 2012. BSTDB At A Glance Headquarters: Thessaloniki, Greece First Operation: November 1999 Employees: 100 Shareholders:

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Presentation transcript:

BSTDB: Energy in Southeast Europe November 2012

BSTDB At A Glance Headquarters: Thessaloniki, Greece First Operation: November 1999 Employees: 100 Shareholders: 11 countries of the Black Sea Region Authorized Capital: EUR 3.5 billion (doubled in 2008) Cumulative Portfolio: EUR 2.6 billion (265 projects) Active Portfolio: EUR 1.4 billion (131 projects) Credit Ratings: A3 by Moody’s (July 2012) A from S&P (August 2012).The ratings are 5 notches higher that the average rating of the shareholders. BSTDB is the best rated financial institution in the Black Sea region Since 2000, the BSTDB has lent approx. EUR 490m to EUR 5.5b of Energy & Infrastructure projects

Sectoral Distribution of Projects (Outstanding Operations at 30/06/2012)

Outstanding Operations by Country (at 30/06/2012)

Energy & Infrastructure Portfolio (at 30/06/2012)

BSTDB: Energy & Infrastructure Primary Type of Transactions: Project Finance Up to 35% Sponsor equity of about 30% and remainder co-financed Corporate Finance Well established Corporates with a strong record of healthy IFRS audited financials All projects must: Have a solid business plan & IFRS statements Pass KYC, Corporate Governance, and Creditworthiness checks of Sponsor / Borrower Pass due diligence checks (market, financial, technical, EHS, legal, etc.) BSTDB participation is up to EUR 28m

BSTDB Energy Portfolio (1) BU: Maritza East I Construction of 600MW lignite-fired power plant, owned by AES Participant in EUR 1.1b debt facility BU: Suvorovo Wind Farm Construction of 60MW wind farm, with Spanish sponsor Participant in EUR 62m debt facility RO: Petrom Corporate loan to largest Romanian oil & gas group to finance various components of strategic environmental program Participant in EUR 275m debt facility

BSTDB Energy Portfolio (2) TU: Koprubasi Construction of 74MW Hydro Power Plant Participant in USD 28m debt facility

BSTDB Energy Portfolio (3) UA: Alfa Nafta Finance expansion of gas filling station network USD 36m debt facility UA: Chornomornaftogaz Support development of existing oil & gas reserves on Black Sea USD 21m debt facility UA: Galnaftogaz Finance expansion of gas filling station network USD 44m debt facilites UA: Gas Transit Construction of compressor on existing Ananyev-Izmail gas pipeline. Participant in EUR 97m debt facility

Thank You! Roman Matkiwsky Director, Energy & Infrastructure E: