Montréal International A vital contribution

2019 ACTIVITY REPORT Greater Montréal The reason for our success: an outstanding team still standing

2019 was a record-breaking year for businesses, workers and the city wealth hinges on its ability to help local Montréal International. Once again, itself. Now more than ever, Greater businesses with their exports, but also the Québec metropolis enjoyed the Montréal must build on what it is on its ability to attract investment from strongest economic growth of all known for, such as the creativity of its abroad. major Canadian cities. Within our talent, its collaboration and innovation teams, this growth has resulted in a ecosystems, and its quality of life. Let's join forces and stay the course. marked increase in foreign investment Together, anything is possible. and in the number of international To this end, Greater Montréal can count skilled workers hired. The exceptional on several organizations committed results presented in this report are to its development. Jean Laurin due to all the hard work by seasoned, Chairman of the Board and President and Chief Executive Officer, Devencore multilingual professionals committed In this context, Montréal International to the success of their clients and to plays a key role. We would like to thank Stéphane Paquet 99% 91% creating wealth in Greater Montréal the members of the Board of Directors President and Chief Executive Officer, are bilingual hold a throughout the year. and our partners, both public and Montréal International (37% trilingual) university degree private, who constantly strive to better (55% a master's Montréal International thus supported serve the region. degree) 89 projects for investments totalling over $2.64 billion that created Although the current situation affects more than 7,700 jobs. The Montréal us all, we still have a substantial project 63% 54% International team also facilitated portfolio. While some projects might are women are under 35 the recruitment of more than a be cancelled, and others postponed, thousand international skilled workers, we are confident that most will and played a strategic role in two materialize in the coming months. Our 31% international organizations setting up team will spare no effort to bolster were born outside in Greater Montréal, while creating major projects, create quality jobs and of Canada another from scratch at the request support activity in our cutting-edge of the Government of Québec. sectors.

2020 is already shaping up to Accordingly, it is vital that we maintain be different; the coming months our strategy of being open to the will present major challenges for world. Our city's capacity to create

2 3 Breakdown by region: Foreign direct United States ahead, Asia-Pacific earns a spot investment Americas United States 49.1% Greater Montréal has never been so attractive. In 2019, Montréal International supported 89 foreign Rest of the Americas 3.3% direct investment projects, including 58 businesses Europe that have set up operations here, meaning over one France 24.2% new company per week in the region. By supporting Rest of Europe 6.3% these projects, Montréal International helped United Kingdom 2.5% to achieve record investments totalling $2.642 billion, Asia an increase of 164% since 2015. Rest of Asia-Pacific 3.1% Japan 4.9% Hong Kong 6.7%

Record investments for Investments that deliver meaningful results the 4th year running to Greater Montréal and Québec as a whole

$2.642B $3.3B in foreign direct contribution to the GDP, corresponding investment to 21.7% of Québec’s economic growth

89 projects $271M in tax benefits for Québec 58 greenfield projects $187M in tax benefits for Canada 8,061 jobs sustained

7,712 direct jobs created $111M in financial spin-offs for the 349 jobs maintained Communauté métropolitaine de Montréal

$84,407 average annual salary

4 5 of these projects would not have been established in Greater Montréal (27%) or would have been established on a smaller scale, with delays or higher costs (61%) without MI’s support, according to a survey conducted by consulting firm SOM.

6 7 Profile of foreign investment Growth in foreign direct investment Examples of projects completed in 2019

In keeping with previous years, the high-tech sectors 2019 $2.642B (89 projects) VISUAL EFFECTS AEROSPACE remain the economic pillars of Greater Montréal AND ANIMATION Derichebourg (France) and showcase the region's know-how on the This leader in aeronautics has 2018 $2.474B (63 projects) Digital Domain (Hong Kong) international scene. Accounting for almost two-thirds The new studio's activities will be created a subsidiary in the city of the investments supported by MI in 2019, the software, focused on feature films. This is to consolidate its activities aerospace, visual effects and animation, video games, 2017 $2.025B (48 projects) 164% the first major Asian visual effects in North America. player to settle in the city. Mitsubishi (Japan) artificial intelligence and electric vehicle sectors are The Japanese aircraft 2016 $1.347B (39 projects) Outpost (United Kingdom) in the lead. The British special effects studio manufacturer's new centre chose Montréal to set up its first of excellence will create up 2015 $1.000B (48 projects) production centre outside the to 250 jobs. United Kingdom. ARTIFICIAL INTELLIGENCE CYBERSECURITY Samasource (United States) OneSpan (United States) This American company, which This cybersecurity firm has made specializes in secure training Breakdown by sector: Breakdown of projects within Montréal its largest operations data management, continued centre. its expansion by opening a new diversified high-tech sectors the Communauté métropolitaine R&D centre. de Montréal (CMM) VIDEO GAMES Axionable (France) 2K (United States) The French firm has set up One of the biggest American its first research and services 2019 video game studios has opened centre in data strategy and 72% ($1,894M) 28% ($749M) $2,642M a Montréal office to develop a artificial intelligence while new chapter in the cult game focusing on sustainable 2018 BioShock. development. 62% ($1,534M) 38% ($940M) $2,474M NovaQuark (France) This world-class player set ENERGY 2017 up in Montréal to step up the Hy2gen (Germany) 13.3% 11.1% 10.8% 10.2% 8.6% 8.4% 6.9% 5.0% 10.2% 14.9% development of the online game The company is partnering 57% ($1,154M) 43% ($871M) $2,025M Dual Universe. with Greenfield Global to help 2016 reduce GHGs in Québec using an innovative green hydrogen 69% ($929M) $1,347M

Other* production technology.

Software 31% ($418M) IT - other IT Aerospace IT ServicesIT Data centres

Video games 2015

Electric vehicles 90% ($900M) $1,000M International entrepreneurs 10% ($100M) Artificial intelligence For the second year, the MI team continued its activities to promote and prospect Montréal Island Remainder of CMM high-potential international entrepreneurs. Visual effects and animation Its efforts paid off, with 11 start-ups deciding to settle in Greater Montréal during the year, including Prokarya Labs (biotechnologies), CoTeacher (science and data analysis) and LiveScale (software). *Agri-food, energy, life sciences and health technologies, etc.

8 9 This is the number of skilled international workers hired through 1,122Montréal International recruitment missions.

10 11 International talent

Once again this year, the Montréal International team Breakdown of hires by sector put a lot of energy into expanding Montréal's talent pool, in particular by stepping up promotional efforts among skilled workers and international students. In addition to overseas recruitment missions and numerous targeted activities, our team also provides businesses with strategic support to simplify the immigration process for their international workers. 33.6% 16.0% 2.0% 34.8% 5.3% 3.3% 2.5% 2.0% 0.5%

IT Education Aerospace Construction and animation Artificial Intelligence Health and social services Video games, visual effects Finance and administration

Skilled workers and machining Manufacturing

Through its Talent Montréal initiative, Montréal International organizes numerous recruitment missions to help companies recruit qualified and experienced workers around the world.

1,122 hires, a 75% increase since 2018

21 recruitment missions 229 participating companies

12 13 Increase in the number of skilled workers hired

2019 1,122 (21 missions)

2018 640 (14 missions)

690% 2017 296 (8 missions)

2016 164 (4 missions)

2015 142 (5 missions)

Immigration Breakdown of hires by geographical origin: France in the lead process

France 85.9% Day after day, a team of professionals supports businesses and workers Brazil 4.5% in their immigration process in Greater Montréal. In 2019, they helped almost Tunisia 3.9% 800 international workers to obtain either temporary work permits or permanent United States 3.1% residence.

Other* 2.6%

*Mexico, Morocco, Colombia FOR TEMPORARY RESIDENCE and United Kingdom workers supported 573 (1,111 people including their family)

110 companies informed

FOR PERMANENT RESIDENCE

211 workers informed

14 15 International ATTRACTION ACTIVITIES 5,500 students students met abroad

The I choose Montréal initiative, launched by Montréal International in collaboration with the Québec Ministry of Immigration, Francization 7 3 and Integration, helps to attract and retain recruitment virtual fairs international students, a strategic labour pool missions for businesses in Greater Montréal.

RETENTION ACTIVITIES 10,338 international students met

145 96 31 “Live, Work participating jobs/ and Immigrate” companies internships and activities 55 volunteer opportunities resulted from these activities

16 17 More than ever, Montréal International shared its International expertise with the international organizations that showcase the city throughout the world. In 2019, organizations the team facilitated the creation of one international organization and attracted two new international organizations to Montréal, while carrying out 150 strategic interventions with 42 Montréal-based IOs.

According to a survey conducted by consulting firm SOM, 100% of the international organizations supported by our team said they were very satisfied (77%) or somewhat satisfied (23%) with Montréal International's services.

1 start-up project Égides, l’Alliance internationale francophone pour l’égalité et les diversités With the support of the Government of Québec, Montréal International facilitated the creation of this international organization.

2 attraction projects GODAN, the Global Open Data for Agriculture and Nutrition This international organization moved its headquarters from Oxford in the UK to McGill University in Montréal. GODAN's mission is to promote food security and end global hunger.

ZMQ Global This Indian organization chose to establish its international office in Montréal to develop technological solutions to better support marginalized communities. IOs supported by 150 strategic interventions

18 19 In addition to its prospecting activities and overseas Business intelligence with Economic marketing missions, Montréal International is stepping up an international focus its efforts to promote the region both here and abroad. Whether through strategic publications, New business cases targeted studies, digital promotional campaigns or ■ Aerospace press relations, every effort is made to further the Visual effects and animation influence of Greater Montréal. ■ ■ Video games ■ Innovative manufacturing ■ Transport and logistics

And more than ten strategic positioning documents

Increased presence in the media and on the web (vs. 2018)

■ 73% increase in followers on social media ■ 51% increase in MI website visitors from outside Québec

A reputation that crosses borders (vs. 2018)

■ 69% in media reputation gain* ($10.0M value) ■ 114% in media reputation gain outside Québec ($7.7M value)

* Media reputation gain is the dollar value of reputational impact in the media. Since 2017, Montréal International has used this data to assess the value of media spin-offs in respect to Greater Montréal’s economy, both locally and internationally.

Best web strategy 2019 fDi Strategy Financial Times Awards Montréal is recruiting

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20 21 AAA Canada South Shore Chamber of Volvo Group Rheinmetall Canada Montréal Port Authority Commerce and Industry GuruLink Richter Aéroports de Montréal Laval Chamber of Commerce and HEC Montréal Rodeo FX AGA Assurances Collectives Industry Hikvision Canada Roland Berger Age of Minds Cinesite Hitachi Systems Security Safran Canada AgileDSS Claridge Hub6 Safran Helicopter Engines Air Canada Cogeco Communications Hydro-Québec Canada Inc. Airbus Defence & Space Canada Colliers International Québec Montréal Institute for Learning Safran Landing Systems Canada AKKA Group North America Conseil du patronat du Québec Algorithms SERTI Computing Akufen Eidos Interactive Corporation IRIC Siemens Canada Embassy of Canada in Austria Macdonald, Dettwiler and IVADO Labs SINC AMJ Campbell Movers Associates Corporation Ixiasoft SNC-Lavalin Amplexor Canada CPA Québec Jones Lang LaSalle Société AHE AP&C Cushman & Wakefield Keyrus Canada LGS Group Consulting Company Montréal International would like to thank all Association Québécoise des Wallix Canada Cybersecurity KPMG Law Firm Société Générale Canada Technologies Cysca Technologies Lallemand Solotech Thanks to its partners, both public and private. Their Astek-Via Consultants DCM Aerospace Laporte Consultants Beyond Technologies Solutions contribution and involvement within the MI Avison Young Deloitte Larochelle Consulting Group Sourcinc our partners community help to drive the metropolitan region's Baker Tilly Montréal Devencore Lavery Lawyers Startup Festival economic growth and international influence. National Bank of Canada Difuze Leduc RH Stelia North America Royal Bank of Canada Digital Domain Legault Joly Thiffault Stradigi AI BCF Business Law Digital Shape Technologies Greencopper Publishing Syscomax BDO Canada Gameloft Entertainment Interdata Laboratories Systematix Bédard Resources Double Stallion Games (Datalogue) Intelerad Medical Systems Behaviour Interactive École de Technologie Supérieure Lette & Associates TACT Intelligence-conseil Private funding Public funding Berger-Levrault International École Polytechnique de Montréal LGM Management & Conseil Technicolor Canada BG Communications Écritel Lib. WorkSpace Think-Cell International Linkbynet North America Thinkmax 2019 $3.8M 2019 $16.0M Blakes, Cassels & Graydon Enercon Canada IMDS Software Tonic DNA Blue Solutions Canada Ergoweb LOK North America Tourisme Montréal 2018 $3.5M 2018 $13.3M BMO Financial Group Ericsson Canada Ludia Trading Screen BNP Paribas Canada eStruxture Data Centers Malicis Turbulent Média Borden Ladner Gervais Exeo Attorneys MatrixSpec Solutions Entertainment 2017 $2.2M +124% 2017 $11.1M +93% British-Québec Business EY Mazars Umlaut Group Coalition Fasken McCarthy Tétrault Concordia University 2016 $2M 2016 $9.4M Broccolini Fédération des caisses McMillan Université de Montréal BUF Canada Desjardins du Québec Mecachrome Canada Université du Québec à Montréal Bureau du cinéma et de la FIME Canada McGill University 2015 $1.7M 2015 $8.3M télévision du Québec Fleur de Lys Relocation Miller Thomson Vaco B-YOND Solidarity Fund QFL Montoni VIA Rail Canada Caisse de dépôt et placement du Gestisoft Morin Public Relations Virtuos Games Québec Giro New Era Immigration Vision7 International Canderel GlaxoSmithKline Oasis Animation Warner Bros Games Montréal Major partners Public partners CAP Public Affairs Advisors Go Concept OPAL-RT Technologies WeWork CBC - Radio-Canada Google Canada Orthogone Technologies Willis Towers Watson Canada CBRE Gowling WLG Canada Plusgrade Wrnch CDW Groom & Associates Pomerleau Construction Yulex CEDROM-SNi - Cision Alithya Group Power Corporation of Canada Zenika Canadian Centre for Architecture Créatech Group Provencher_Roy Canadian-Swiss Chamber of Focus Group PwC Commerce Hypertec Group Quadbridge North America Board of Trade of East Montréal Magellan Group Raymond Chabot Grant Thornton Chamber of Commerce of Nexio Group Regroupement des collèges du Metropolitan Montréal Onepoint Group Montréal métropolitain

22 23 380 Saint-Antoine Street West Suite 8000 Montréal, Québec H2Y 3X7 Telephone: 514-987-8191 montrealinternational.com

CREDITS Montréal International's 2019 Activity Report is produced by the Economic Affairs and Marketing Communications Division.

Version française disponible. Montréal International would like to thank its partners for their financial Legal Deposit support: the Government of Canada, the Government of Québec, the Bibliothèque et Archives nationales du Québec Communauté métropolitaine de Montréal, the City of Montréal and Library and Archives Canada private companies. Second quarter, 2020 Printed in Canada

Credits: Montréal International, 2020

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