1. European Investment Bank
Financial Instruments enhancing access to RDI finance
for companies to achieve Europe 2020 Flagship Initiatives
(Innovation Union, Digital Agenda, Resource Efficient Europe…)
Joint EIB/EIF presentation
9th European Week of Regions and Cities, Brussels, 11 October 2011
European Investment Bank

2. European Investment Bank Disclaimer
This Presentation is incomplete without reference to, and should be viewed solely in conjunction with, the oral briefing provided by the European Investment Bank (“EIB”). The terms and conditions are intended as an outline for discussion purposes only and made on an indicative basis. All figures set forth in this Presentation are subject to change, to a satisfactory due diligence and to all necessary internal approvals of EIB (in particular of its credit committees).
The information in this Presentation reflects the prevailing conditions and the view of EIB as of this date and are accordingly subject to change and based on carefully selected sources believed to be reliable. EIB has not independently verified this information and does not make any representation or will be liable that such information is accurate, valid, timely and complete.
This Presentation is provided without any liability whatsoever by EIB and shall not constitute any obligation of EIB to extend credit facilities to the Company or to carry out a due diligence review of the aspects relevant for the financing of the Project.
Neither this presentation nor any of its contents may be duplicated, published or used for any other purposes without the prior written consent of EIB.
European Investment Bank
22/09/2011
European Investment Bank

3. EIB GROUP : EIB/EIF product range
Risk Capital
CIP Resources (SME)
RSFF (SME / MidCap)
RSFF / Investment Loans
Facility: High Growth Innovative SME Scheme (GIF), Ecotech
Purpose: IP financing, technology transfer, seed financing, investment readiness
Target Group: VC Funds, Business Angels
EIF Product: Fund-of- Funds
Competitiveness and Innovation Program (CIP) Guarantee schemes
Growth financing for SMEs
VC Funds, CLOs
SME guarantees (loans, microcredit, equity/mezzanine, securitisation)
RSFF
Innovation financing
SMEs/MidCaps, Banks, PE Investors (sub- investment grade)
Loans (incl. Mezzanine), Funded Risk Sharing Facilities with Banks (Investors)
Special Operations
RSFF
Investment Loans
RDI financing
MidCaps/Large Corporates/Public Sector Entities (investment grade)
Guarantees
Special Operations
Bank Loans and Guarantees
VC Funds
Seed/Early Stage VC Funds
Business Angels
Entrepreneur, friends, family
EIF EIB
Seed / Start-Up Phase
Emerging Growth Phase
Development Phase
Later Stage
Counterparts
22/09/2011
European Investment Bank

4. Portfolio guarantees, equity
EIB Group’s Tools to Support SMEs Two complementary sets of instruments
High volume possible
Risk profile commensurate with a debt instrument and relatively simple structures
Customized to end recipient needs
EIB focusing on demonstrable transfer of benefit to final beneficiary
Loans
&
Guarantees
EIB
Portfolio guarantees, equity
&
quasi- equity
Small volumes
High risk profile and bespoke structures
Customized to intermediary needs
EIF impact focused on additional capacity in market
EIF
(EUR bn)
2005
2006
2007
2008
2009
2010
Signed Loans (EIB)
3.9
6.2
5.2
8.1
12.7
10.0
Portfolio guarantees (EIF) *
1.7
2.0
1.4
2.1
2.3
1.9
Equity funds (EIF) *
0.47
0.69
0.52
0.41
0.7
0.79
* Not taking into account leverage, which is about 6 to 8 times for VC and up to 20 times for CIP
22/09/2011
European Investment Bank

5. European Investment Bank Financing Models and Concepts
Corporates
Project Finance
Public Sector
Other
The project is defined and EIB is financing up to 50% of the eligible project costs but on the balance sheet of the promoter, i.e. the ability of the company as a whole to service debt is the main driving factor in the process along with the proposed structure of the facility.
EIB also finances corporates indirectly usually via third-party financing institutions (non-RSFF).
The project is structured as a ring-fenced operation with limited or no recourse to the promoters. The quality of the assets and their ability to generate cash are vital for such type of operations.
PF operations could be full-risk (RSFF), or guaranteed (banks, corporates, governments), secured, PPPs…
Project may be supported indirectly via EIB facilities extended to Member States and local governments
Infrastructure funds
Advisory services
Other initiatives
22/09/2011
European Investment Bank