1. National Managing Holding “Baiterek” JSC
Presentation about
National Managing Holding “Baiterek” JSC
Astana

2. Holding’s Strategy 2014-2023 Mission Vision by 2023
to promote sustainable economic development of Kazakhstan through funding and support of priority sectors of the economy for implementation of public policy and State programs, finding solutions for socially-oriented tasks and reaching goals set by the “Strategy 2050”
Vision by 2023
the main financial agent of the Government of the Republic of Kazakhstan that supports diversification, modernization and sustainable development of the economy and provides solutions for socially-oriented tasks of the state
The main goals and objectives
Provision of full range of financing instruments
Support of small and medium enterprises
Support of new, modern economic sectors and innovation development of the economy
Support of export activities of national companies
Support and promotion of affordable housing

3. Strengths About Holding
International rating agency Fitch Ratings and S&P has assigned Baiterek Holding long-term credit rating “BBB+”
Wide range of non-financial and financial instruments
Experience in investing to large and long-term projects in a wide range of industries
Experience in supporting SMEs
Experience of successful cooperation with international financial institutions
Possibility to attract funding from government budget
Board of Directors includes key government officials and is chaired by the Prime Minister of Kazakhstan

4. Board of directors Chairman of the board, Prime-Minister
Karim Massimov
First deputy prime-minister
Bakhytzhan Sagintayev
Minister of finance
Bakhyt Sultanov
Minister of investment and development
Asset Issekeshev
Minister of national economy
Yerbolat Dossaev
Head of Department in Executive office of the President
Daulet Yergozhin
Chairman
Kuandyk Bishimbayev
Independent director
Klaus Mangold
Thomas Mirow
Philip Yeo

5. Baiterek Holding’s group of companies
Development Bank of Kazakhstan JSC
Kazyna Capital Management JSC
Investment Fund of Kazakhstan JSC
Public Private Partnership Advisory Center LLP
National Agency of Technological Development JSC
Export Credit Insurance Corporation JSC
Entrepreneurship Development Fund “Damu” JSC
House construction savings bank of Kazakhstan JSC
Kazakhstan Mortgage Company MO JSC
Mortgage Guarantee Fund of Kazakhstan JSC
Distressed assets fund JSC
Investment
sector
State Program for accelerated industrial and innovative development of the Republic of Kazakhstan
Entrepreneurship & Innovation sectors
Business Road Map – 2020
Program
Affordable Housing – 2020
Program
Housing sector

6. * Data from preliminary reports
Holding’s results on
Holding’s
share
capital 722 bln. tenge*
Total number of employees of Holding group
2427 people*
Total assets
of Holding’s
subsidiaries
bln. tenge*
Total net profit
of Holding’s
subsidiaries
12 bln. tenge*
Net profit in 2013 7
bln.
tenge 12
Net profit in 2014 5
bln.tenge
increase
* Data from preliminary reports

7. Development Bank of Kazakhstan JSC (DBK)
Establishment
Established in 2001 with Presidential Decree and Law “On the Development Bank of Kazakhstan”
Mandate
Assisting the diversification of the economy of Kazakhstan
Development of the infrastructure and industries involved in raw material processing
Enhancing effectiveness of government investment activity
Facilitating foreign and domestic investments into Kazakhstan
Instruments
Medium and long-term financing for investment projects
Agent services for investment projects financed by the government or government-guaranteed debt
Leasing and trade finance
Project and working capital financing
Investment
priorities
Metallurgy
Chemicals and petrochemicals
Transportation and logistics
Construction and other manufacturing industries
Electrical energy generation and transmission
Loan portfolio to total assets ratio - 41% (at the beginning of the year - 34%)
Interbank lending program
In 2013 DBK approved and implemented Interbank lending program to support industrial-innovative development of Kazakhstan by providing lending to commercial banks to finance projects in priority sectors of economy
Allocate45 bln. tenge
DBK
Commercial banks
Loans to
0.5 to 4.5
bln. tenge
SME
Loan term up to 5 years
Interest rate ≤ 11.5%
(average market rate 13-15%)
Currently
38 bln. tenge allocated to
commercial banks
under the program

8. Investment activity of DBK
2001-1HY 2014
77 projects
Launched $4,9 bln.
DBK participation – $2,6 bln.
246 projects
(including DBK leasing)
Approved for financing $14,5 bln.
DBK participation – $7,8 bln.
23 thousands
Total work places
2013 &1HY 2014
Launched (equipment delivered) $696 mln.
7 project & 3 export operations
Approved for financing $1,8 bln.
DBK participation – $912 mln.
5 projects
~700
Total work places
From the beginning of realization of SPAIID HY 2014
Map of Industrialization & Productivity 2020 Program
31 projects
(including DBK leasing)
30 projects & 12 leasing operations
Approved for financing $8,6 bln.
DBK participation – $4,7 bln.
Launched $2,9 bln.
~11 thousands
Total work places
Munaimash
Costs : $10 mln.
Titan Fuel and Energy Complex
Costs : $1,1 mln.
Kazakhstan Electrolysis Plant
Costs : $1 080 mln.
Borovoe Tourism City
Costs: $89 mln.
Euras Caspian Steel
Costs : $131 mln.
ABK MAXAT
Costs:$20 mln.
Kazakhstan rail car manufacturing Company
Costs : $56 mln.
Agromashholding
Costs :$40 mln.
Caustic
Costs: $90 mln.
Kazakhcement
Costs : $130 mln.
Uralsk Gas Turbine station
Costs: $69 mln.
Steel Zinc
Costs: $2,5 mln.
Agromashholding
Costs: $25 mln.
Steel Zinc
Costs: $9 mln.
Ust-Kamenogorsk Titanium Magnesium Plant
Costs : $135 mln.
Bias Tech
Costs:$21 mln.
SaryarkaAvtoProm
Сумма проекта: $73,5 mln.
Asia Auto
Costs: $2,6 mln.
Karaganda Energocenter
Costs: $235 mln.
Accent Logistics
Costs: $27,4 mln.
Maikuduk Poultry Factory
Costs: $13 mln.
Atyrau Oil Refinery Plant
Costs: $2 956 mln.
Shygys Construction Management
Costs : $3 mln.
Kazakhstan Petrochemical Industries Inc.
Costs: $1 946 mln.
Akshabulak gas turbine power plant
Costs: $129 mln.
Moinak Hydroelectric Power Station
Costs : $361 mln.
Kentau Transformer Plant
Costs: $5,6 mln.
Zapchast
Costs: $19,05 mln.
Aktau International Airport
Costs: $75 mln.
Chimbulak Development
Costs: $205.9 mln.
Taraz Metallurgical Plant
Costs: $79 mln.
Ontustyk Kurylys Service
Costs: $6,6 mln. 8
Commissioned
Implemented
Productivity 2020

9. Investment fund of Kazakhstan JSC (IFK)
Establishment
established with the Decree of Government of the Republic of Kazakhstan dated May 30, 2003 № 501 "On creation of Investment Fund of Kazakhstan JSC”
Main activities
encouraging private investment in the non-oil sector of the economy through co-financing investment projects and participation in the management of these project
rehabilitation of distressed projects
Invested more than 34 billion tenge in 36 projects since the establishment of the fund
Returned assets worth 10.2 billion tenge
Advantages of investing in the projects of IFK
Entering the common market of a United Economic Area (UEA - Kazakhstan, Russia, and Belarus), with a population of around 170 million people
Attractive investment climate in Kazakhstan. The Republic ranks a leading place in the region according to the ratings of investment attractiveness
In the ranking of a favorable business environment (Doing Business 2013), Kazakhstan ranks in 49th place
In the ranking of Forbes Best Countries for Business (2011), Kazakhstan ranks the 80th place
According to the report of PricewaterhouseCoopers “Paying Taxes 2013”, Kazakhstan ranks the 17th place in the rating of a favorable tax climate
Advices and assistance from highly qualified staff of professional managers of the Fund, experts in their field
Please see attachment for full pipeline of the projects of the Investment Fund of Kazakhstan.
Detailed information on any of the projects will be provided upon request

10. Kazyna Capital Management JSC (KCM)
Establishment
a fund of private equity funds established in May 2007 by the initiative of the President of the Republic of Kazakhstan to attract institutional investors, as well as to promote effective private equity in Kazakhstan
Islamic Infrastructure Fund
226,5
млн. $
Key parameters
Baiterek Venture Fund
Kazakhstan Infrastructure Fund
Target fund size
Up to $ 50 million - at the first closing
$ 100 million - a target capitalization
Up to $500 million (may be increased up to $1 billion in the long-term)
Term
10 years (5 years – investment period; 5 years – exit period)
years (10 years – investment period; 5 years – exit period)
Investment geography
Kazakhstan
Kazakhstan and Customs Union countries
Investors
Kazyna Capital Management
KCM at the first closing
Other international institutional investors
Target sectors
Priority sectors of the State Program on Accelerated Industrial-Innovative Development (SPAIID) and projects at an early stage of development
Projects requiring capital restructuring
Projects requiring rehabilitation measures
Power industry
Health care
Transport infrastructure
Public utility

11. Entrepreneurship Development Fund “Damu” JSC
Establishment
established in accordance with the Decree of Government of the Republic of Kazakhstan dated April 26, 1997 № 665 in order to encourage the formation and growth of small businesses in Kazakhstan and increase efficiency of state funds allocated to support small businesses
Main activities
providing funds for lending to commercial banks
loan guarantee and interest rate subsidies under the program “Business Road Map – 2020”
skill-building and entrepreneurs support facilities by the program “Business Road Map – 2020” and own programs
Fund-for-lending
Interest rate subsidies
Loan guarantee
Skill-building
2013 & 1Q 2014
bln. tenge
2 609
lenders
mln. tenge
1 723 entrepreneurs
176 entrepreneurs
entrepreneurs
Accumulated results
14 902
3524
entrepreneurs
284 entrepreneurs
entrepreneurs
Service centers for entrepreneurs
Mobile entrepreneurship support centers
Entrepreneurship support centers in monocities
In 17
regional centers, Astana, Almaty
In 14
areas
In 27
monocities

12. National Agency for Technological Development JSC (NATD)
Establishment
Established in 2003 as National Innovation Fund JSC
In 2012 reorganized into the National Agency for Technological Development JSC under the Ministry of Industry and New Technologies of Kazakhstan
Provision of innovation grants
Development of innovation infrastructure
Provision of technological business incubation
Development of technology transfer
Analytical and expert support of innovation activities
Investment support innovation projects
Investments in innovative companies and venture funds
Promotion of innovation activities
International cooperation
Main activities
Infrastructure
8 technological parks in 6 regions of Kazakhstan
4 International centers for technology transfer (CTT)
4 engineering design offices
Kazakh-French CTT
21 offices and 2 centers of commercialization
Kazakh-Korean CTT
SEZ “Park of Innovation Technologies”
Kazakh-American CTT
Kazakh-Norwegian CTT
Innovation support tools
Innovation grants
Technological business incubation
2013
more than
186
applications processed 44
projects approved
total amount
822.9
mln.tenge
164 20
307
1000
210
9 648
mln. tenge
600
116
971

13. Public Private Partnership Advisory Center (PPP АС)
Established on March 19, 2014 in accordance with the recommendation given in the framework of the third meeting of the Coordinating Council for Public-Private Partnership under the Government of the Republic of Kazakhstan, September 13, 2013
Establishment
National Managing Holding “Baiterek” JSC (share – 75%)
Kazakhstan PPP Center JSC– under the Ministry of Economy and Budget Planning (share – 25%)
Share-holders
to support infrastructure development in the Republic of Kazakhstan by providing the advisory services during the implementation of infrastructure projects
Mission
Main activities
Advisory support of infrastructure projects (including PPP)
Preparation of feasibility studies of PPP projects
Consulting the state bodies and potential investors on project structuring

14. Thank you for your attention!
National Managing Holding “Baiterek” JSC
Registered address:
House 10, Orynbor street
Current address:
House 8, Block B, D.Kunayev street
Astana,
Republic of Kazakhstan
Telephone:
Fax:
Web: