Table colors Color palette Soft colors Headings 0, 115, 110 211, 219, 218 255, 255, 255 Highlights 255, 205, 0 255, 239, 211 255, 245, 204 Lines 0, 170, 140 211, 230, 224 191, 191, 191 155, 187, 89 227, 234, 216 128, 128, 128 221, 221, 221 191, 191, 191 235, 235, 235 0, 115, 110 211, 219, 218 Afreximbank 238, 236, 225 Systemic bank at the epicentre of intermediating 249, 249, 245 Africa’s trade growth July 2019 Table colors Color palette Soft colors Headings 0, 115, 110 211, 219, 218 255, 255, 255 Disclaimer Highlights 255, 205, 0 255, 239, 211 255, 245, 204 DISCLAIMER Lines 0, 170, 140 IMPORTANT: Please read the following before continuing. The following applies to this document and the information contained therein, the oral presentation by the African Export-Import Bank (the 211, 230, 224 191, 191, 191 “Bank”) or any person on behalf of the Bank, and any question-and-answer session that follows the oral presentation (collectively, the “Information”). The Information has been prepared by the Bank for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the Information or its accuracy, fairness or completeness. The Information and opinions contained herein are provided as at the date of this presentation and are subject to change without notice. This presentation is the sole responsibility of the Bank and has not been reviewed or approved by any regulatory or supervisory authority. The Information is not intended for potential investors and does not constitute or form part of, and should not be construed as an offer or the solicitation of an offer to subscribe for or purchase 155, 187, 89 227, 234, 216 securities of the Bank, and nothing contained therein shall form the basis of or be relied on in connection with any contract or commitment whatsoever. 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In addition, certain industry, market and competitive position data 128, 128, 128 221, 221, 221 contained in the Information come from the Bank’s internal research and estimates based on the knowledge and experience of the Bank’s management in the markets in which the Bank operates. While the Bank reasonably believes that such research and estimates are reasonable, they, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change. Accordingly, reliance should not be placed on any of the industry, market or competitive position data contained in the Information. This presentation includes certain operational and financial measures not presented in accordance with IFRS and, therefore, are not measures of financial performance in accordance with IFRS and may exclude items that are significant in understanding and assessing the Bank’s financial results or future prospects. 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Except where otherwise indicated, the Information and the opinions contained therein are provided as at the date of the presentation and are subject to change without notice. 1 Table colors Color palette Soft colors Headings 0, 115, 110 211, 219, 218 255, 255, 255 Today’s presenters Highlights 255, 205, 0 255, 239, 211 255, 245, 204 Lines 0, 170, 140 211, 230, 224 191, 191, 191 155, 187, 89 227, 234, 216 128, 128, 128 221, 221, 221 191, 191, 191 235, 235, 235 Dr. George Elombi Mr. Amr Kamel Mr. Denys Denya EVP – Governance, Legal & Corporate EVP – Business Development and EVP – Finance, Administration and Services Corporate Banking Banking Services 0, 115, 110 211, 219, 218 EVP of Governance, Legal & Corporate EVP of Business Development & EVP of Finance, Administration and Services since 2015 Corporate Banking since 2016 Banking Services since 2010 Over 23 years with the Bank Over 24 years with the Bank Previous executive positions with Nedbank 238, 236, 225 and First Merchant Bank (Zimbabwe) 249, 249, 245 2 Table colors Color Soft colors palette Headings 0, 115, 110 211, 219, 218 255, 255, 255 Highlights 255, 205, 0 255, 239, 211 255, 245, 204 Lines 0, 170, 140 211, 230, 224 191, 191, 191 155, 187, 89 227, 234, 216 128, 128, 128 221, 221, 221 191, 191, 191 1 235, 235, 235 0, 115, 110 211, 219, 218 238, 236, 225 249, 249, 245 Executive summary Table colors Color palette Soft colors Headings 0, 115, 110 211, 219, 218 255, 255, 255 Gateway to Africa with access to 55 countries in the continent Highlights 255, 205, 0 255, 239, 211 255, 245, 204 Developmental Preferred 0% Lines Unique position in 0, 170, 140 mandate with creditor Tax and customs in 211, 230, 224 191, 191, 191 Africa with a profit-driven status Participating States differentiated mandate philosophy 155, 187, 89 227, 234, 216 ~US$71bn ~US$7bn US$1.8bn At the epicenter of Trade financing Disbursement of Commitment to support since trade financing deals manufactured export 128, 128, 128 221, 221, 221 Africa's trade inception in 2018 in 2018 191, 191, 191 235, 235, 235 ~US$15bn ~27% ~11.8% Robust and growing Total assets as of Net loan CAGR RoAE in 2018 with balance sheet and March 2019 2014 - 1Q19 with US$0.3bn net income <3% NPL ratio 0, 115, 110 profitability… 211, 219, 218 238, 236, 225 Mauritius stock US$2.1bn Baa1 / BBB- 249, 249, 245 …enabled by exchange listing Bonds outstanding Credit rating assigned best-in-class market by Moody’s / Fitch experience 4 Source: Company information Table colors Color palette Soft colors Headings 0, 115, 110 211, 219, 218 255, 255, 255 Differentiated mandate with a development focus while delivering robust returns to our shareholders Highlights 255, 205, 0 255, 239, 211 255, 245, 204 • Transforming African trade Lines Consistently 0, 170, 140 • Client / trade support at times • Best-in-class cost efficiency 211, 230, 224 191, 191, 191 Development when needed most delivering • Double digit returns profile mandate • Complimenting African states’ returns to development objectives shareholders • Profit retention to fund growth 155, 187, 89 227, 234, 216 • Preferred creditor status 128, 128, 128 Context to Afreximbank’s establishment 221, 221,