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BRAZILIAN INVESTMENTS PARTNERSHIPS PROGRAM Scan the QR Code to Access the Projects Portfolio BRAZILIAN INVESTMENTS PARTNERSHIPS PROGRAM Scan the QR code to access the projects portfolio March, 2020 Brazil in the world 5th largest 9th largest economy: 5th largest population: land area: GDP USD 1.9 trillion 210.1 million people 8,515,767 km² th 8 largest consumer One of the main global 4th largest FDI destination market: USD 1.2 trillion producers and exporters in 2019: USD 78.59 billion of iron ore, soy bean, Household consumption (44% of Latin America’s animal protein, coffee, expenditure equals total FDI inflow) machinery and aircraft 63% of GDP USD 1 = BRL 4.35 (February, 2020) Reforms The path for economic recovery Pension Reform Administrative Infrastructure Tax Reform Reform Reform USD 200 billion to be saved in Streamlining civil Legal certainty, transparency Simplifying the tax system the next 10 years, limiting service to bring and predictability for domestic to boost economy privileges more efficiency and foreign investors Brazil’s Economic Recovery Ministry of Economy/Brazilian Central Bank data Recovery of Brazil’s Evolution of Brazilian Competitiveness in the global ranking 40º competitiveness 2016: PPI was launched 60º 72º • Global Economy: Brazil moved up from 75th place 75º 71º 81º 80º to the 71st on a global competitiveness list 80º 81º 78º comprising 141 countries. 100º • Infrastructure: Brazil moved up from 123rd place to 108º the 78th. (Up 45 spots). 123º 120º 123º 140º Foreign Direct Investment (FDI) in Brazil increased 26% in 2019 (source: UNCTAD/ONU/2020) World Economic Forum Competitiveness Report Editions General Ranking Infraestructure Ranking source: PPI PPI Council . President and Ministers . Economy Presidency of the Republic . Executive Office . Infrastructure . Mines and Energy Ministry of Economy . Environment . Regional Development . Secretariat of Government PPI Council . Federal Banks . BNDES . Caixa Econômica Federal Special Secretariat of PPI . Banco do Brasil . The PPI Council President is the Minister of Economy. The Special Secretary serves as the Executive Secretary of the PPI Council. PPI Works as a hub for investments National and international investors Sectorial Sectorial Adds on efficiency and value to the process Ministries Unions Financial Regulatory Agents Agencies (banks, investment . Governance, coordination, funds, etc) monitoring and oversight . Transparency, dialogue, Legislative Multilateral credibility and predictability Branch PPI Organizations . Well-designed projects Control Concessionaries . Technical and legal framework Entities enhancement Licensing Embassies Entities Subnational Governments PPI in figures Accomplished auctions/bids and projects Accomplished Qualified Concession auctions/bids Investments fees/Bonuses projects and projects USD 161.6 billion USD 31.5 billion 306 173 (R$ 703 billion) (R$ 137,1 billion) USD 1 = BRL 4.35 (February, 2020) PPI in the world In 74 out of the 173 accomplished projects, foreign companies have been winners (alone or in consortium with Brazilian companies). Brazil Italy Belgium Norway China Qatar France Switzerland Spain Portugal USA Australia United Kingdom India Bermuda Germany Colombia Malaysia Canada PPI 2019 – Main Achievements 36 auctions were carried out in 2019 Investment Concession Expectations fees/Bonuses USD 103 bi USD 20.8 bi Mining 1 auction 36 Auctions carried out in 2019 Palmeirópolis (Auction 10/21) Oil and Gas Ports Investments: USD 58.6 million 4 auctions 13 auctions Concession Fee: USD 3.44 million 11 Terminals of liquid bulk • 3 in Cabedelo/PB (Auction 3/22) Lotex Regular Offer (Auction on 9/10) • 1 in Vitória/ES (Auction 3/22) 1 auction (10/22) Bonus: USD 5.05 million • 1 in Belém/PA (Auction 4/5) • 1 in Vila do Conde/PA (Auction 4/5) Concession Fee: USD 187.9 million • 1 in Santos/SP (Auction 8/3) Round 16 under the concession agreement (Auction 10/10) Highway Bonus: USD 2.04 billion 1 Terminal of paper pulp in Paranaguá/PR 1 auction (Auction 8/3) BR-364/365/GO/MG (Auction 9/10) Petrobras Transfer of Rights Surplus (Auction 11/6) 1 Terminal of Solid Bulk in Santos/SP (Auction Investments: USD 473.5 million 8/3) Bonus: USD 16.07 billion Concession fee: lower toll fee (33% discount) Investments: USD 241.3 million Airports Round 6 Production Sharing Agreement - PSA (Auction 11/7) Concession Fee: USD 187.5 million 12 assets Bonus: USD 1.16 billion 12 airports in 3 clusters (Auction 3/15): Energy . Northeast: Total Bonus: USD 19.3 billion 3 auctions . Recife/PE; João Pessoa ,Campina Grande/PB; Maceió/AL; Total Investments: USD 96.38 billion Generation Aracaju/SE; and Juazeiro do Norte/CE • New Energy A-4 (Auction 6/28) . Midwest: Railway • New Energy A-6 (Auction 10/18) . All in MT: Várzea Grande (Cuiabá), Alta Floresta, Barra do Garças, Rondonópolis and Sinop. Transmission 1 auction . Southeast: • 12 lots of transmission lines North-South Railway (FNS) (Auction 3/18) . Vitória/ES and Macaé/ RJ Investments: USD 625.2 million Investments: USD 3.97 billion Investments: USD 809 million Concession Fee: USD 625.2 million Auction fee: lower power tariff Concession fee: USD 546.3 million Terminals in Belém/PA (5) Liquid Bulk – BEL02A; BEL02B; BEL04; Ports BEL08; BEL09 Terminals in Vila do Conde/PA (1) Liquid Bulk – VDC12 Terminals in Cabedelo/PB (3) Liquis Bulk – AI01; AE10 and AE11 Terminal in Vitória/ES (1) Liquid Bulk – VIX30 Port portfolio accomplished in 2019 Investment USD 241.3 million Terminals in Santos/SP (3) Liquid Bulk - STS13A Concession Fee USD 187.5 million Solid Bulk - STS20 Assessment (Terminal of Libra) – Leasings 13 STS14 Assessment 1 Terminal in Paranaguá/PR (1) Paper pulp – PAR01 Mining 1st auction on CPRM Mining Rights in the last 40 years Polymetallic – + 29 CPRM projects, with spotted Palmeirópolis/TO deposits, with potential to go on auction. Mining portfolio accomplished in 2019 Investment USD 58.6 million • Auction: Oct 21, 2019 Concession Fee USD 3.44 million • Winner: Perth Recursos Minerais Ltda. • Origin: Australia 1.71% of the gross Royalties revenue Airports Juazeiro Northeast do Norte Cluster Campina Grande João Pessoa Sinop Recife Maceio Central Cluster Aracaju Alta Floresta Varzea Grande Rondonopolis LegendaAirport Portfolio accomplished in 2019 Vitoria Investment USD 809 million Macaé Southeast cluster Aeroportos Concession(licitações) Fee USD 547 million Airports 12 Auction March 15, 2019 Oil and Gas Regular offer 45 blocks sold Round 16 under the In 2019, in signing bonus, Brazil has concession agreement obtained an amount that equals 40% 12 blocks sold of all investments made in the sector in the world Oil and Gas portfolio Signing Bonus + USD 19.30 billion Round 6 of PSA Regular Offer 1 block sold Expected Investments USD 96.38 billion (35 years) Auction on Petrobras Transfer of Rights Surplus 2 areas sold Energy Energy portfolio accomplished in 2019 • Auction June 28, 2019 • 15 assets Auction A-4 • Investments: USD 436.7 million • Average discount: 45% • Auction October 18, 2019 • 91 assets Auction A-6 • Investments: USD 2.57 billion • Average discount: 33.73% • Auction on Dec 19,2019 A-4 new energy auction: lower tariff in • 12 lots photovoltaic energy offered in the Transmission • 2,470 km of TLs and 7,840 MVA in world (USD 15.5 MWh) Lines substations • Investments: USD 969.9 million • Discount: 60.3% USD 1.85 billion in investments in the Investments • USD 3.971 billion Northeast of Brazil (Auctions A-4 e A-6) Railway Port of Itaqui The North-South Railway is the backbone of the Brazilian transportation system, which allows the Southeast to connect with the North and the Porto Northeast. Nacional The concession of the railroad mid section has Norte-Sul Porto Nacional/TO to been the 1st in this transportation mode in the last Estrela D’Oeste/SP 12 years. 1537 km Anápolis Railway portfolio accomplished in 2019 Investments USD 626.1 million Estrela •Expected: USD 311 million D’Oeste Concession fee •Effective revenue: USD 624.9 million •Surplus: 100.92% Port of Santos Bidders/ 1- VLI Multimodal Winner 2 - Rumo S.A. Auction March 28, 2019 18 Highway Highway portfolio accomplished in 2019 GO Investments USD 473.5 million BR-364/365 GO/MG Road section between Jataí- Opex USD 576.9 million GO and Jataí Uberlândia-MG 1- Ecorodovias concessões e 437 km serviços S.A; Cachoeira Alta 2 - Silva & Bertoli Uberlândia Bidders/Winner empreendimentos e Participações Societárias Monte Alegre de Minas MG 3- Consórcio Way - 364/365VLI Multimodal Auction September27, 2019 • Cap in the toll fee (bidding Auction Criterion notice): USD 1.61 (lower toll fee) • Winner toll fee: USD 1.07 • Reduction: 33,14% Scratch lottery – LOTEX Concession fee / USD 187.98 million gov revenue Consortium Estrela (IGT / SGI) • International Game Bidder and Technology (IGT) – Italy winner • Scientific Games International (SGI) – United States Auction Oct/2019 Current PPI Portfolio Current PPI Project Portfolio Ports – 28 Railways– 11 Supply – 5 Energy – 16 Policies: • “Sea road” - Cabotage 3 Privatizations 5 concession renewals 2 Privatizations 2 Transmission Lines Auctions • TRIIP (Road passenger 24 Port Terminals: 2 new concessions (CEASAMINAS and CEAGESP) 2 Privatizations (Eletrobras and transport) 1 Waterway (Licensing) 4 investments in strategic 3 Fishing Terminals Nuclep) • PPP daycares railway networks (Cabedelo, Belém e Manaus) 7 Licensings • PPP prisions + correctional Defense and Security 1 Partnership (Angra 3) facilities (PPP’s) - 2 Airports – 22 National Parks and 2 Existing Energy Generation • Universalizing basic 1 Air force Forests - 9 (A-4 e A-5) sanitation + solid waste Communications
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