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Transport & Logistics Investment Opportunities in Slovenia

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Transport & Logistics Investment Opportunities in Slovenia Transport & Logistics Investment Opportunities in Slovenia Investment in the Wake of Crisis 12 April 2011 Introduction . Developing Slovenia’s transportation and logistics infrastructure as one of the key development priorities . Excellent geographic position . Turning the country into a logistics hub would have multiplying effects on economic activity PwC 2 Stimulating the private sector . In the past the vast majority of Slovenia’s investments in infrastructure has come from the public sector; limited PPP track record . The public sector will continue to play the dominant role . Due to financial constraints more finance will need to come from the private sector . Project finance provides a logical means to deliver key infrastructure projects as it limits pressure on both short-term cash flows and reduces the need to borrow heavily . It will be important to stimulate the interest of the private sector – political commitment, appropriate regulatory framework, fiscal and other incentives Forecast 2011, 2012 net goverment lending/borrowing levels as % of GDP 15.0% 10.0% 5.0% 0.0% -5.0% 2011 -10.0% 2012 -15.0% Italy Israel Malta Spain Korea Japan aiwan Ireland Austria France Cyprus Iceland Greece Finland Norway T Canada Belgium Sweden Portugal Slovenia Australia Denmark Germany Singapore Switzerland Netherlands Luxembourg United States Czech Republic United Kingdom Slovak Republic Hong Kong SAR Source: World Economic Outlook Database, October 2010 edition: IMF PwC 3 Transport infrastructure PwC 4 Motorway network . Highways and accessory structures in Slovenia are managed by DARS, the state-owned Motorway Company of the Republic of Slovenia . Motorway construction in Slovenia is almost completed as the entire network bar some small sections has been completed . DARS manages and maintains a total of 606 km of motorways and expressways, 161 km of access roads and 27 km of rest areas . The New Slovenian Motorway Company Act (December 2010) gives way to the (partial) privatisation of DARS: • Ownership on motorways has been transferred to DARS • The construction and building of highways in Slovenia is to be carried out and financed by private companies, primarily DARS • The state retains a strategic role by determining which road sections will be built and when and by handling spatial planning. PwC 5 Port of Koper . The shortest route linking the CEE countries with the Mediterranean, Mid-east and Asia . The port handled 15.37 million tonnes of cargo in 2010, a 17% increase YoY . Development plans: • Secured financing for the expansion of the Container and Ro-Ro terminal (20yr EBRD loan) • Plans for the expansion and the construction of a third pier and the construction of a modern passenger terminal • The major setback is that spatial planning hasn’t yet been accepted. PwC 6 Ljubljana Airport . The company's strategic goals for the period up to 2015: • 2.2 million passengers • 57 thousand aircraft movements • Increase the volume of transported cargo to 23.3 thousand tones. Substantial investments in order to become one of the leading airports in the region: • The existing terminal building (T1) was expanded and renewed in 2007 • The construction of a completely new passenger terminal (T2) with a capacity of 2.5 mio passengers in 2012. • Over the next 10 years Aeropolis Ljubljana, airport city will be built - logistics park, business center, hotel & conference center PwC 7 Freight Forwarding & Logistics PwC 8 Intereuropa . Intereuropa Group’s business activities comprise all types of logistics services. The integrated range of logistics services covers three key areas: • Land transport - groupage, express transport, road transport, rail transport, customs services, distribution of spare parts. • Intercontinental transport - airfreight, seafreight, shipping agency, automotive logistics. • Logistics solutions - warehousing and distribution, logistics projects. The Company operates through its subsidiaries in Slovenia and abroad: Croatia, Serbia, Kosovo, Bosnia and Herzegovina, Macedonia, Germany, France, Ukraine, Russia, Montenegro and Albania. In 2010 a disinvestment program was undertaken - an urgent measure to assure financial stability of the group. In February 2011 shareholders holding a combined 53% stake published a call for bids for the majority stake in the company. PwC 9 Viator & Vektor . Viator & Vektor is among lthe argest logistic companies in Slovenia, besides Interuropa the only domestic company with large operations abroad. Viator & Vektor Group operates in five different business segments: transport, forwarding, custom clearance, maintenance, manufacturing and real-estate, with main business activity being transport. The Company operates through its subsidiaries in Slovenia and abroad: Croatia, Macedonia, Romania, Serbia and BiH as well as in Czech Republic. Attempts to find a strategic partner in 2010. PwC 10 PwC – league tables and credentials PwC is the leading Capital Projects and Infrastructure advisor in EMEA and globally by number of mandates won and closed in 2010 (and in 2009, 2008, 2007…). Our Transportation & Logistics practice is composed of a global network of more than 4,200 industry professionals across 153 countries. EMEA CP&I Advisory Mandates Closed in 2010 Examples of recent CP&I projects in CEE # Advisor No. of deals Volume (US $m) Slovakia Estonia 1 PWC 24 6,406 Lead adviser on the D1 Lead adviser on the 2 KPMG 18 4,108 and R1 road PPP Tallinn – Tartu road 3 Deloitte 12 4,383 PPP 4 RBC 11 8,868 5 HSBC 4 5,777 6 Natixis 3 4,600 7 SG 2 8,600 8 Standard Chartered 2 7,764 9 Credit Agricole 1 8,500 10 Riyad 1 7,500 Source: PFI 2011, Issue 448 Czech Republic Kosovo Industry awards and recognition Adviser on the D3/R3 Bid-side adviser on the highway PPP Pristina Airport PPP project R1 Slovakia PwC European PFI European Advisor of the year infrastructure deal 2009 PwC of the year 2009 11 Thank you! Luka Vesnaver [email protected] +386 1 5836000 .
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