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Institutional Presentation Institutional Presentation Year-End 2019 Figures Disclaimer The information herein is presented in summary form; consequently, FONPLATA does not provide any assurance with respect to the completeness of any market, financial, legal and/or other issues summarized or discussed herein. FONPLATA is not acting as advisor or agent and shall have no liability, contingent or otherwise, for the quality, accuracy, timeliness, continued availability or completeness of the information, data, calculations nor for any special, indirect, incidental or consequential damages which may be experienced because of the use of the material made available herein. This presentation and the documents incorporated by reference into this presentation contain statements that constitute “forward-looking statements” based on current expectations related to FONPLATA's strategic goals and objectives, which are subject to inherent risks and uncertainties beyond FONPLATA’s control. Consequently, actual future results could differ materially from those currently anticipated. FONPLATA undertakes no obligation to update any forward-looking statements. This information is provided for discussion purposes only and may not be reproduced or redistributed without the express consent of FONPLATA. This document does not constitute, or form part of, an offer to sell or a solicitation of an offer to purchase any securities and neither it nor any part of it shall form the basis of, or be relied upon, in connection with any contract or commitment whatsoever. 1 Institutional Overview FONPLATA at a Glance Overview Financial Highlights (in US$ millions) ◼ FONPLATA is a multilateral development bank % 2016 2017 2018 2019 CAGR1 ◼ Consistent with its mission, it provides financing through loans and Income grants to support economic and social development to its member Statement countries (Argentina, Bolivia, Brazil, Paraguay and Uruguay), with an aim of helping reduce socioeconomic differences Total income 20.5 27.5 40.4 54.4 38.5% ◼ FONPLATA was founded in 1974 by its five member countries, established by the Tratado de la Cuenca del Plata, and governed by Net interest 20.5 26.8 37.7 46.0 30.9% the Vienna Convention income ◼ FONPLATA is based in Santa Cruz de la Sierra and enjoys immunity of jurisdiction and exemption of taxes Net income 14.8 20.1 26.6 28.3 24.1% ◼ FONPLATA’s loans are 100% sovereign-guaranteed financings as of to date. In 2019 we introduced our non-sovereign facility for public Balance Sheet banks Total Assets 1,307.7 19.9% ◼ Preferred status: FONPLATA receives preferred creditor treatment 758.6 851.6 1,042.9 granted by its borrowing members ◼ FONPLATA´s authorized and subscribed capital is US$ 3,014 million Gross loans 543.8 662.0 799.4 936.5 19.9% ◼ Rated A2/A- by Moody’s & S&P since 2016 Total net equity 733.0 815.8 952.9 1,028.1 11.9% Shareholders and Member Countries Key Ratios ParaguayUruguay 11.1% 11.1% NPLs / Gross 0.0% 0.0% 0.0% 0.0% loans Liquidity ratio 27.8% 21.5% 22.5% 28.2% Brazil Argentina 33.3% 33.3% Equity / Total HQ Santa Cruz de la Sierra, Bolivia 96.6% 95.8% 91.4% 78.6% Assets Regional offices Bolivia Asuncion, Paraguay 11.1% Buenos Aires, Argentina Montevideo, Uruguay Source: FONPLATA as of December 31, 2019. (1) 2016 – 2019 3 FONPLATA’s Journey From a Financial Fund to a Full-Fledged Regional Development Bank 1974-2007 2008-2010 2011-2012 2013 - 2019 Inception Inflexion Point New Mandate Realignment and Continuous Growth 2017 – Strategic business Appointment and Initial funding No loan approvals 2013 – Strategic plan revision (2018 – 2022). staffing of the US$100 MM in from 2008 – 2009 business plan (2013- Revision of financial policies 1974, increased to Executive President’s 2022). 1st capital office completed in US$200 MM in IDB Technical replenishment August 2012 2018 – Governors’ update to 1979, including Cooperation FONPLATA’s Charter 2016 – 2nd capital US$40 MM of completing the transition replenishment callable capital In 2010, Governors from a fund to a Regional approved changes Received credit ratings of Development Bank and Yearly capitalization paving the way for A- from S&P and A2 from paving the way for the of retained earnings FONPLATA’s addition of new members through 2007 transformation Moody’s 2019 – Access to Capital Markets: CHF 150MM bond issuance – Introduction of a non- sovereign facility for public banks in line with the Strategic Plan. More than US$ 2,134 million in loan approvals since 2013 4 FONPLATA’s Core Pillars and Business Strategy Enabling Countries’ Integration Through Infrastructure Investments, Such as improvements in the Port of Business Strategy Montevideo, Uruguay ◼ Small-to-medium-sized projects, with an average US$50-60mm loan ticket size ◼ Special focus on vulnerable zones, border regions and integration ◼ Proportional participation of member countries in loan portfolio Target sectors: ➢ Road Infrastructure ➢ Disaster risk reduction ➢ Environment ➢ Logistics ➢ Sanitation & Water ➢ Urban development in small cities ➢ Social Infrastructure ➢ Sustainable Energy Urban Infrastructure program for job creation Five Strategic Pillars in Bolivia ◼ Institutional efficiency ◼ Functional specialization ◼ Strategic complementarity ◼ Focus on the value to member countries ◼ Financial strength and growth in loan capacity In addition to lending, FONPLATA provides technical assistance grants for capacity building among member states 5 Well-Positioned in South America Key Statistics Bolivia Brazil Population1 11.3m Population1 210.1m Nominal GDP2 US$41.1bn Nominal GDP2 US$1,839.2bn Real GDP growth1 3.9% Real GDP growth3 1.1% Moody's S&P Fitch Moody's S&P Fitch Long Long Term B1 BB- B+ Term Ba2 BB- BB- Rating Rating Argentina Uruguay Paraguay Population1 44.9m Population1 3.5m Population1 7.2m Nominal GDP2 US$536.1bn Nominal GDP2 US$56.7bn Nominal GDP2 US$38.6bn Real GDP growth3 (2.5)% Real GDP growth1 0.4% Real GDP growth3 0.2% Moody's S&P Fitch Moody's S&P Fitch Moody's S&P Fitch Long Long Long Term Caa2 CCC- CC Term Baa2 BBB BBB- Term Ba1 BB BB+ Rating Rating Rating Geographic region covers nearly three-quarters of South American landmass Source: Official data and WEO-IMF. Updated on March 19, 2020 (1) 2019E (2) 3Q-2019 (3) 2019 6 FONPLATA’s Credit Risk Rating is Among the Best in Latin America Moody’s Rating Non-investment Grade Investment Grade Country / bank NR C Ca Caa3 Caa2 Caa1 B3 B2 B1 Ba3 Ba2 Ba1 Baa3 Baa2 Baa1 A3 A2 A1 Aa3 Aa2 Aa1 Aaa (1) 1 CAF (2) 2 CABEI 3 Chile 4 FONPLATA 5 Mexico 6 Peru 7 Panama 8 Colombia 9 Uruguay 10 Paraguay 11 Brazil 12 Bolivia 13 Argentina 14 Ecuador Source: Moody’s as of March 13, 2020. (1) CAF: Corporacion Andina de Fomento – Development Bank of Latin America. (2) CABEI: Central American Bank of Economic Integration. 7 FONPLATA’s Rating Trajectory Moody’s Aa1 Aa2 FONPLATA’s Aa3 Aa3 long-term issuer Aa3 A1 rating: A1 A2 A2 A2 A2 A3 A3 Baa1 ◼ Outlook: Baa2 Baa2 Stable Baa3 Baa3 ◼ Last affirmed: 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Nov. 22, 2019 FONPLATA CAF – Development Bank of Latin America CABEI – Central American Bank of Economic Integration S&P AA+ AA AA FONPLATA’s AA- AA- long-term issuer A+ A+ A+ A+ rating: A A A A- A- A- A- A- BBB+ BBB+ BBB+ ◼ Outlook: BBB BBB BBB Positive BBB- BBB- ◼ Last affirmed: 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Sep. 25, 2019 FONPLATA CAF – Development Bank of Latin America CABEI – Central American Bank of Economic Integration Source: Moody’s, S&P. 8 FONPLATA’s Medium Term Debt Strategy Signed Borrowings Outstanding Borrowings1 (in US$ millions) (in US$ millions) 449 260 449 149 300 149 15 15 149 300 60 60 185 20 20 15 15 60 60 185 79 5 6 100 100 20 20 100 75 100 54 5 100 60 100 28 75 10 30 30 10 16 30 28 30 75 75 75 75 30 30 75 75 75 10 75 16 16 16 11 2016 2016 2017 2018 2017 2019 20162018 2017 2018 jun-19 2019 CAF BCBo IADB AFD EIB ICO CHF Bond Total Medium Term Debt Strategy Execution Timeline Credit Ratings: Bolivian Central Moody’s: A2 First Credit Line IADB’s Credit Bank Promissory ICO’s Credit Line S&P: A- (CAF) US$75 Line US$100 Note US$30 US$15 million million million million November December May December 2016 2017 2018 2018 April February July March 2018 2017 2018 2019 EIB’s Credit Line Bolivian Central AFD’s Credit Line Access to Capital US$60 million September Bank Deposit US$20 million Markets 2016 US$10 million CHF150 million Source: FONPLATA as of December 31, 2019. 1. At face value and after derivatives 9 FONPLATA’s Inaugural Bond Issuance CHF 150m 0.578% Inaugural Bond Issuance Due March 2024 Deal at a Glance Distribution by Investor Type Issuer FONPLATA Asset managers 51% Issuer Rating Moody’s: A2 (stable) Bank treasuries 18% S&P: A- (stable) Type Senior unsecured Pension funds 10% Transaction Size CHF 150mm Insurances 11% Maturity March 11, 2024 Retail 10% Coupon 0.578% 0% 10% 20% 30% 40% 50% 60% Spread at Launch MS+90bps Transaction Highlights Launch & Princing Date February 11,2019 ◼ Investor marketing conducted during a two-day roadshow, with a senior delegation led by the Executive President ◼ Oversubscribed book with total demand over CHF200mm which ISIN CH0463112042 allowed the issuer to price the targeted size of CHF150mm at the tight end of the pricing range Listing SIX Swiss Exchange ◼ First transaction out of the LatAm region in the CHF market in 2019 Documentation Stand-alone Bookrunners UBS AG, Credit Suisse AG
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