THE SUMMIT Disrupt and grow March 13th – 14th 2018 Cascais,

lisbonsummit.economist.com @EconomisEvents #LisbonSummit

Silver sponsor Bronze sponsor Official PR agency Supporting Organisations THE LISBON SUMMIT Disrupt and grow March 13th – 14th 2018 • Cascais, Portugal

Three years after an international bailout programme, Portugal is growing once again. The country began a gradual recovery in 2015, and the economy is expected to expand by more than 2% in 2017-2018. The question now is how this recent progress can be consolidated. Although the current growth rate is the strongest the country has seen in a decade, it does not yet match the rapidly expanding economies of Spain or Ireland.

At a time of uncertainty surrounding Brexit and future reform of the EU, The Economist Events’ Lisbon Summit 2018 will bring together government and business leaders, innovators, investors, analysts and academics to examine how innovation can turn the green shoots of economic optimism into sustainable growth.

Can Portugal embrace disruption to grow? How sustainable is Portugal’s economic recovery? Will Portugal remain politically stable over the medium term? How will the global technological revolution impact Portugal?

Join The Economist Events’ Lisbon Summit 2018 for an insight into Portugal’s economic and business prospects, into which business sectors in Portugal have the brightest futures and those that need to improve their competitiveness, and for an opportunity to question and interact with top political and business leaders.

WHY ATTEND

The Economist Events’ Lisbon Summit 2018 will bring together a multi-stakeholder audience of senior government officials, board-level decision-makers and international thought leaders for an in-depth discussion on Portugal, including the evolution of its economy, the implications for other countries inside and outside the Eurozone and the opportunities for all businesses.

Topics to be discussed:

• Keeping pace with technological disruption • The outlook for sustained growth • The “cool” factor • Looking for an upgrade • Is the left-wing alliance here to stay? • Moving towards value-based financing and performance assessment • Fostering a startup mind-set • Adapting to the digital future • Making renewables cost-efficient

#lisbonsummit CONFIRMED SPEAKERS

• Maria Luís Albuquerque, former finance minister of Portugal and non-executive director, Arrow Global

• António Barroso, managing director, , Teneo Intelligence

• Maria Benjumea, founder and chief executive officer, Spain Startup - South Summit

• Manuel Caldeira Cabral, minister of economy, Portugal

• Cristina Campos, Group president, Portugal, Novartis

• José Couto, president, MOBINOV

• Clara Ferreira Alves, journalist, author and TV political commentator

• Nuno Fernandes, dean, Católica Lisbon School of Business and Economics

• Azzim Gulamhussen, full professor of banking and finance and ombudsman, Vlerick Business School

• Fernanda Ilhéu, president, New Silk Road Friends Association

• Ana Teresa Lehmann, secretary of state for industry, Portugal

• António Lucena de Faria, chief executive officer, Fábrica de Startups

• António Neto da Silva, president, Portuguese Banking Training Institute

• Vítor Papão, general manager, GILEAD Sciences Portugal

• Mujtaba Rahman, managing director, Europe, Eurasia Group

• Matteo Rizzi, founder, FinTechStage

• Jorge Seguro Sanches, secretary of state for energy, Portugal

• João Vasconcelos,​ senior ​adviser​, Clearwater​ International

• Ali Zerouali, international cooperation and business development director, Masen

• Daniel Franklin, executive editor, The Economist

• Irene Mia, global editorial director, thought leadership, The Economist Intelligence Unit

#lisbonsummit PROGRAMME

DAY 1: MARCH 13TH 2018

16:00 REGISTRATION AND NETWORKING

17:00 OPENING REMARKS Daniel Franklin, executive editor, The Economist

17:10 KEYNOTE ADDRESS Daniel Franklin, executive editor, The Economist

17:30 OPENING PANEL: KEEPING PACE WITH TECHNOLOGICAL DISRUPTION

Can Portugal’s existing models of management and production undergo the transformation required to keep pace with the global economy? In this panel, business leaders and experts will examine how the country can attract the investment required to drive innovation, creativity and productivity. How well are Portugal’s established sectors dealing with digital disruption?

Daniel Franklin, executive editor, The Economist José Couto, president, MOBINOV Ana Teresa Lehmann, secretary of state for industry, Portugal

18:10 EIU FORECAST: THE OUTLOOK FOR SUSTAINED GROWTH

The Economist Intelligence Unit presents the latest country forecast for Portugal, analyses current developments and explores the future trends for Portugal’s economy with a forecast to 2022. This data- driven session will highlight potential vulnerabilities and bright spots, identify areas in which policy must be tailored to keep pace with technology and innovation, and provide practical takeaways.

Irene Mia, global editorial director, thought leadership, The Economist Intelligence Unit

18:30 PANEL DISCUSSION: THE “COOL” FACTOR

What makes a country cool? Global trendsetters have designated Portugal as “cool”, citing its blend of European cultural traditions and a modern outlook. Known for its convivial cities and beautiful landscapes, the country offers attractions from surfing to Michelin-starred restaurants. How can Portugal build on its welcoming culture, amenable climate and affordability, not only to attract tech entrepreneurs, students and medical tourists, but also to build long-term benefits through investment in tourism, real-estate investment and luxury industries such as clothing, footwear and design? The discussion will include case studies showing how other countries have based at least part of their success on similar factors. Which other countries have achieved “hip” status? What did they get right (and wrong)? How can Portugal attract would-be innovators?

Irene Mia, global editorial director, thought leadership, The Economist Intelligence Unit João Vasconcelos​, senior ​adviser​, Clearwater​ International Fernanda Ilhéu, president, New Silk Road Friends Association

19:15 CLOSING REMARKS Daniel Franklin, executive editor, The Economist

19:20 NETWORKING COCKTAIL RECEPTION

20:20 GALA DINNER

22:20 CLOSE OF DAY 1

#lisbonsummit PROGRAMME

DAY 2: MARCH 14TH 2018

08:00 REGISTRATION AND NETWORKING

09:00 OPENING REMARKS Daniel Franklin, executive editor, The Economist

09:10 THE ECONOMIST KEYNOTE INTERVIEW: THE VIEW FROM GOVERNMENT Daniel Franklin, executive editor, The Economist

09:30 THE ECONOMY: LOOKING FOR AN UPGRADE

Post-bailout, Portugal’s growth rate has remained close to the EU average. But the same pace of growth is not assured over the long term, making careful policy stewardship a priority.

This session will focus on the debate about the best strategy for sustaining growth and reducing high debt levels. What are the prospects for credit-rating upgrades, and their likely impact? Where are the weak spots in Portugal’s economy and what can policymakers do to address them?

Daniel Franklin, executive editor, The Economist Maria Luís Albuquerque, former finance minister of Portugal and non-executive director, Arrow Global António Neto da Silva, president, Portuguese Banking Training Institute

10:10 POLITICS: IS THE LEFT-WING ALLIANCE HERE TO STAY?

Portugal’s “anti-austerity” alliance has proved more stable, durable and popular than many analysts expected. For the first time in more than 40 years of democracy, moderate socialists and hardline communists have set aside their differences to agree on a broad pact. So far the alliance with the left has not prevented the government from meeting fiscal targets or pursuing export-led growth. Can the minority administration achieve the structural economic reforms that Portugal needs to ensure a sustainable growth trajectory? Can Prime Minister António Costa, build a knowledge-driven economy based on innovation, education and advanced technology as he has promised? Or will politics eventually get in the way?

Irene Mia, global editorial director, thought leadership, The Economist Intelligence Unit Clara Ferreira Alves, journalist, author and TV political commentator Mujtaba Rahman, managing director, Europe, Eurasia Group António Barroso, managing director, Europe, Teneo Intelligence

10:50 NETWORKING BREAK

11:10 HEALTH: MOVING TOWARDS VALUE-BASED FINANCING AND PERFORMANCE ASSESSMENT

Investors believe that health care, which thrives on innovation and technological advances, could become one of Portugal’s most competitive sectors, helping to drive growth and better connect the local economy to the global one. Value-based care aims to address the soaring costs and fragmentation of health systems. What role could it play in managing costs and improving patient outcomes in Portugal? Would moving away from volume-based payments for health services towards a system based on a holistic concept of value benefit patients? Relatively small, but with strong potential for growth, the sector currently has an annual turnover of around €24 billion.

Daniel Franklin, executive editor, The Economist Cristina Campos, Group president, Portugal, Novartis Vítor Papão, general manager, GILEAD Sciences Portugal

#lisbonsummit PROGRAMME

12:10 ENTREPRENEURSHIP: FOSTERING A STARTUP MIND-SET

Could Portugal become a global hub for entrepreneurship? A new generation of globally minded young entrepreneurs thinks so, and is beginning to transform an economy previously dominated by a handful of local champions into something far more dynamic. Low costs, the rise of local “innovation hubs”, new startup incubators and partnerships between Portuguese universities and international schools such as MIT and Harvard are fostering a burgeoning tech and digital sector. What are the opportunities for startups and creative innovation in Portugal? How can policies be tailored to improve conditions for opening new businesses? Is the startup boom a passing phenomenon or the nucleus of a new economic paradigm for Portugal?

Daniel Franklin, executive editor, The Economist Manuel Caldeira Cabral, economy minister, Portugal António Lucena de Faria, chief executive officer,Fábrica de Startups

12:40 FINTECH: ADAPTING TO THE DIGITAL FUTURE

Financial technology is often painted as a major disruptor to the traditional banking sector, but is this really the case? The banks that come out on top are likely to be those that can excel at traditional banking while also adopting innovative fintech strategies.

How well are Portugal’s financial-sector institutions adapting to the new digital needs of the market? What is the scale of the challenge from insurgent fintech startups? How can financial-services companies best restructure, cut costs and adjust their networks in the face of fintech? Or will bricks-and-mortar banks continue to rule the roost?

Irene Mia, global editorial director, thought leadership, The Economist Intelligence Unit Maria Benjumea, founder and chief executive officer,Spain Startup - South Summit Nuno Fernandes, dean, Católica Lisbon School of Business and Economics Azzim Gulamhussen, full professor of banking and finance and ombudsman, Vlerick Business School Matteo Rizzi, founder, FinTechStage

13:10 ENERGY: MAKING RENEWABLES COST-EFFICIENT

With no fossil fuels of its own, Portugal has styled itself as a renewable energy pioneer. Last year the country ran for four consecutive days on electricity solely from wind, hydro and solar projects. On current projections, renewable power will account for 31% of energy use by 2020, well ahead of the EU target of 27% by 2030. Yet businesses cite energy tariffs as one of the costs that most damages their international competitiveness.

How can Portugal use technological innovation, including offshore wind farms and wave energy, to reap economic as well as environmental dividends? To what extent can the country capitalize on falling solar energy production costs, exemplified by the construction of the world’s largest solar power station in nearby Morocco?

Daniel Franklin, executive editor, The Economist Jorge Seguro Sanches, secretary of state for energy, Portugal Ali Zerouali, International cooperation and business development director, Masen

14:15 NETWORKING LUNCH

15:30 CLOSE

Daniel Franklin, executive editor, The Economist

#lisbonsummit LISBON SUMMIT 2015 – PARTICIPANTS INCLUDED

• ACP - Automóvel Club de • Embassy of Poland • Philips Portugal • Embassy of the Netherlands • PLMJ • Administracao do de • Embassy of Ukraine • Portugal Ventures Lisboa • Endesa Generacion Portugal • Portuguese Chamber of • Aguas de portugal Internacional • Entreposto - Gestão e Commerce in the UK • AICEP - Business Development Participações • Portuguese Chinese Chamber of Agency • Ernst & Young Commerce and Industry • AmCham Portugal • Eureka Secretariat • Portuguese Investment and • American Chamber of • European Commission Trade Agency Commerce in Portugal • European People’s Party • Portuguese Post Office • ANA • Financetar • Portuguese Socialist Party • Andrade Gutierrez Structured • FPT Energia e Ambiente • Presidencia da República Business • Fundaçao Luso Americana Portuguesa • APED - Associação Portuguesa • • PricewaterhouseCoopers & de Empresas de Distribuição • GATEWIT Associados Dupe • Associação Portuguesa de • GCI • Prole Serviços de Propaganda Bancos • Governo de Portugal • Provident Capital • Augusto Mateus & Associados • Grupo Lusíadas Saúde • Rede Ferroviária Nacional- • Axia Venture Group • Hay Group REFER • BA Vidro • Huawei Portugal • Rentipar • Banco BIC • IBM Portugal • Revigres • • IKEA Portugal • Rio City Hall • Banco Espirito Santo Servico de • Impresa • RNA - Rede Nacional de Formação • ISCTE Business School Assistência • Banif Financial Group • ISEG • ROFLANA • Brisa Auto-Estradas de Portugal • Janssen • Samsung • British Embassy Portugal • Jerónimo Martins • Santander • British-Portuguese Chamber of • JLM & Associados • Santander Totta Seguros Commerce • Jornal OJE • Santoro • Brunswick Group • Korn Ferry • SCC Sociedade Central de • BTEN - Business Talent • KPMG Cervejas e Bebidas Enterprise Network • Laboratórios Pfizer • Seculo Investment Holdings • Cabelte • Linklaters Lisbon • Seedrs • Caiado Guerreiro • Lisnave Estaleiros Navais • Serviço de Utilização Comum • Canadian Embassy • Lloyds Banking Group dos Hospitais - SUCH • Cascais Municipality • LPM • SIBS International • Católica Lisbon School of • Maas Telecom • Siemens Business & Economics • Martinhal Beach Resort & Hotel • Smith & Nephew • Cimpor Cimentos De Portugal • Medinfar • Social Democratic Party • Cisco Systems Portugal • Mercedes-Benz Financial • Somague Engenharia • City of Porto Services • Somincor • Coba • Merck • Tecnico Lisboa • Conselho das Finanças Públicas • MHS - Mário Henriques & Sousa • The Blackstone Group • Corpcom • Millenniumbcp Foundation • The National Council of • Council of Europe Development • Miranda Correia Amendoeira & Education Bank Associados • Tomas de Oliveira • Credential Partners • MIT Empreiteiros • Cruzimpex • Mota engil • Ubiwhere • Cuatrecasas, Gonçalves Pereira • Movecho • UCI • Deloitte & Associates • Nanium • Unicer Bebidas • Deloitte & Touche Quality Firm • Noesis Portugal • Unilever Jeronimo Martins • Diário Económico • Nogueira Santos • Unilever • Económico • Nova SBE • Universidad Lusofana • EDP • Novabase • Universidade do Minho • Educampus South • Novaplan • University of Lisbon • El Corte Inglés • Novartis • University of Porto • Embassy of Austria • OGMA - Indústria Aeronáutica • Veolia • Embassy of Canada de Portugal • Visteon • Embassy of Denmark • OxyCapital • Welbecom • Embassy of France • Pedro Raposo & Associados

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