IL SOSTEGNO DEGLI INVESTIMENTI PRIVATI IN PAESI EMERGENTI 2013 International Finance Corporation A World Bank Group Member 1. 2. 3. 4. 5. 6. 7. Chi Siamo Settore della Meccanica Esempi di Progetti finanziati da IFC Settore della Chimica Finanziamenti alle Reti di Distribuzioni Finanziamenti per Fornitura e Commercio Servizi di Consulenza “Per più di mezzo secolo, l'IFC è leader nei mercati emergenti, fornendo consulenza e capitale che hanno contribuito a costruire la prosperità e l'eliminazione della povertà. In realtà abbiamo definito i "mercati emergenti" a lungo termine. Questa è la nostra specialità. Sostenuta da una base di capitale di soli $ 2,4 miliardi dai nostri paesi membri 184, abbiamo investito più di $ 125 miliardi nei paesi in via di sviluppo dal 1956, per migliorare la vita di milioni di persone.” IFC EVP and CEO Jin-Yong Cai About International Finance Corporation (IFC) • IFC, parte del Gruppo della Banca mondiale, è la più grande istituzione di sviluppo globale focalizzata sugli investimenti del settore privato nei paesi in via di sviluppo. Forniamo finanziamenti per aiutare le aziende a creare maggiore occupazione e fornire servizi essenziali in paesi in via di sviluppo. Mobilitiamo capitale nostro e di altre banche, e forniamo servizi di consulenza per garantire uno sviluppo economico sostenibile in paesi emergenti. Lavoriamo direttamente con le aziende produttrici, i loro fornitori e con i loro acquirenti. 3 Working Together Across Emerging Markets Industry and Regional Experience Con 100 uffici in torno al mondo, IFC ha una prospettiva globale del settore ed un ottima la conoscenza locale dei paesi in via di sviluppo. . 4 IFC: Over $125 B Invested in Emerging Markets since 1956 • Largest multilateral source of loan and equity financing for the private sector in emerging markets •IFC FY12 (06/30) Highlights • Takes market risk with no sovereign guarantees •S&P, Moody’s • Promoter of environmental, social, and corporate •Outstanding Portfolio $56.4 billion •Committed in FY12 $15.5 billion •Syndicated in FY 12 $4.9 billion governance standards • Resources and know-how of a global development bank + flexibility of a merchant bank • Holds equity in over 800 companies worldwide FY2012 Commitments – by region South Asia 8.5% Global 0.4% Middle East and North Africa 14.3% Latin America and the Caribbean 23.8% •# of companies Europe and Central Asia 18.9% Sub-Saharan Africa 17.7% 1,825 •# of countries 103 FY2012 Commitments – by sector Funds Telecom & IT Oil, Gas & 1.6% 3.1% Mining 3.2% Agribusiness & Forestry 6.6% East Asia and the Pacific 16.5% AAA Trade Finance 38.8% Manufacturing 6.6% Consumer & Social Services 8.9% Infrastructure 9.4% Financial Markets 21.8% 5 IFC: La Nostra Reputazione e il Nostro Valore • IFC è il più grande investitore multilaterale del settore privato nei paesi emergenti al mondo • • • • • • • • • Rating AAA Redditizia ogni anno da quando è stata istituita Piu’ di 3.800 persone impiegate nei nostri 100 uffici in tutto il mondo Un reparto interno di syndication che lavora con oltre 200 banche Analisi comparativa globale - individua e diffonde le migliori pratiche internazionali Consigli per questioni ambientali e sociali Attenuazione del rischio politico Status di creditore preferenziale IFC Performance Standards adottato con Equator Principles da oltre 50 istituzioni globali 6 IFC: A development bank with the flexibility of an investment bank IFC’s Products and Services Senior Debt • On-lending Structured Finance • Liquidity management • Partial credit guarantees • Acquisition financing • Securitization • Warehousing facilities • Bond underwriting Mezzanine Finance Private Equity • Convertible debt • Common shares • Subordinated debt • Preferred shares • Other Tier II instruments • Syndicated loans Global Trade Finance Program Global Trade Supplier Finance • $1 billion program • $500 million program • Guarantees to issuing banks • S/T Open account trade for EM firms/exporters • 46 issuing banks in 24 countries • 92 confirming banks in 62 countries • $579 million of issued guarantees in first 12 months • Uncommitted credit lines for pre-approved buyers Advisory Services Sustainable Finance • Corporate governance • Carbon finance • Risk management • Sustainable energy • Small and medium business banking • Supply chain financing • Housing finance • Corporate governance financing • Energy efficiency finance 7 IFC’s Sector Focus IFC focus into a wide range of sectors where it offers the highest impact MAS Manufacturing 1. Energy Efficient Machinery 2. Construction Materials 3. Chemicals Agribusiness Services 1. Grains 1. Education 2. Fruit & Vegetables 2. Retail 3. Animal Production 3. Health 4. Processed Food 4. Tourism 5. Forestry 5. Property Infrastructure & Oil - Gas Financial Markets 1. Power 1. Financial Infrastructure 2. Renewable 2. MSME Finance 3. Transportation 3. Retail Finance 4. Water 4. Trade & Supply Chain 5. Telecom 8 IFC’s Global Manufacturing Focus IFC Goals Industry Target Segments Agri Machinery Target Sub-Segments Sample Products • Agricultural equipment, Production & Processing Base of Pyramid Needs 2-3 Wheelers Transport Vehicles & Components Infrastructure and Climate Change Infrastructure Machinery • Motor & Electric Bikes • Commercial (trucks, vans, buses, rail) •High Value components (car parts, power train, systems) • Construction / Mining (Cranes, excavators) •Energy supply (generators, cables ,oil & gas drilling) Energy Efficiency • Motors, pumps, compressors, HVAC systems, commercial/ industrial refrigeration, batteries, metering tools, smart grid components, lighting (LED/CFL) Renewables Supply Chain • Components for solar, wind power generation 9 How IFC differs from other Equity Partners IFC e’ in grado di fornire prestiti, capitale netto, o una combinazione di entrambi, a seconda delle esigenze del cliente. IFC ha un orizzonte d'investimento più lungo (5-7 + anni) ed è meno ciclico rispetto alla maggior parte degli investitori finanziari. Con le sue partecipazioni, IFC può agire come un "onesto mediatore" in situazioni di joint venture, dando un maggiore comfort per gli azionisti di minoranza. Leader tra le finanziarie multilaterali per lo sviluppo dei paesi emergenti - IFC ha ampiezza di esperienza di investimenti e anni di esperienza nei mercati emergenti dando un valore aggiunto ai propri clienti. La solida reputazione di IFC aggiunge credibilità alle società partecipate che accedono ai mercati internazionali dei capitali. IFC offre le migliori pratiche di know-how in materia di corporate governance, la gestione ambientale, le comunità locali, e requisiti assicurativi. 10 1. 2. 3. 4. 5. 6. 7. Chi Siamo Settore della Meccanica Esempi di Progetti finanziati da IFC Settore della Chimica Finanziamenti alle Reti di Distribuzioni Finanziamenti per Fornitura e Commercio Servizi di Consulenza IFC aggiunge valore in paesi a medio reddito, concentrandosi su settori come investimenti per l'innovazione e l'efficienza energetica per aiutare le imprese in questi paesi ad adottare la nuova tecnologia rispondendo anche alla scarsità delle risorse ed il cambiamento climatico. Esperienza nel settore di Energy Efficient Machinery • Dal 1960, IFC ha investito oltre 1,8 miliardi di dollari in più di 80 imprese del settore dei trasporti in 26 paesi. • IFC puo’ contare su specialisti interni con esperienza a livello mondiale nel settore e capacità di benchmarking • Grande conoscenza ed alta esposizione dei mercati in rapida crescita come Brasile, India, Cina, Turchia e nei Balcani. • Solide relazioni con i principali players grazie ad un approccio a lungo termine per gli investimenti • Focus sul tema del climate change: l'evoluzione del settore dei trasporti verso macchine ad alta efficienza energetica (che ora comprende il trasporto, i macchinari e le energie rinnovabili - pannelli solari, turbine eoliche) • Development Impact: la creazione di posti di lavoro diretti e indiretti, trasferimento di know how, la promozione di una crescita economica sostenibile e la competitività 12 IFC approach to the Machinery Sector – Financing the value chain Input Materials Supply Chain OEM/Tier1 Distribution/ Aftermarket End-users •Job Creation/Skills Development •SME Development •Access to Infrastructure Services •Climate Change Mitigation •Innovation Supply Chain and OEM Financing Global Trade Supplier Finance (GTSF) - Advisory Services - Commercialization of new technologies (safety systems, cleaner emissions, alternative fuels) - Manufacturing – projects with high energy/fuel efficiency component - High innovation/technology/ safety component projects - Low value components with large jobs in IDA/Frontier (wire harness, PCB assembly) Distribution Finance – – – – – Distributors / Aftermarket/ End-users Fleet / Machinery Purchases Captive Finance Companies Risk Sharing Mechanisms Advisory Services 13 1. 2. 3. 4. 5. 6. 7. Chi Siamo Settore della Meccanica Esempi di Progetti finanziati da IFC Settore della Chimica Finanziamenti alle Reti di Distribuzioni Finanziamenti per Fornitura e Commercio Servizi di Consulenza Sample IFC Investments Infrastructure Machinery Transport Equipment • Volkswagen, $175m (India) • Piaggio 2/3 Wheelers, $50m (Vietnam, India) • • SN-Power La Higuera Renewable Energy, $208m (Chile) Continental, $100m (Thailand) • Energomera Group Electronics, $60m (Russia) • Standard Profil Components, $52m (Turkey) • Borets Electrical Submersible Pumps, $50m (Russia) • Marcopolo Buses $30m (Latin America region) • Goldwind high-efficiency Wind Turbines, $50m (China) • Kumho Tires , $36m (China) • WEG Infrastructure Engines, $25m (Brazil) • Microvast EV + Batteries, $25m (China) • Avtokran Cranes, $28m (Russia) • Petlas Tires, $30m (Turkey) • Polycab Power Cables, $85m (India) • Apollo Tires, $75m (India, SA) • Fuba Electronics, $13m (Tunisia) • Randon Buses, $38m (Brazil) Agribusiness Machinery • Same Deutz-Fahr, tractors/ harvesters, $30m (India, Croatia, China) • TJSC Rise, farm equipment & services, $10m (Ukraine) • Salala Rubber, renovation of rubber processing plant, $10m (Liberia) • Wadi, poultry feed milling and pelleting, $65m (Egypt) • Jain Irrigation, irrigation systems, $70m (India) • Koyo Ecological Agrotech, ($30m) (China) • Conaprole, dairy facility expansion, $108m (Uruguay) 15 PMC – Magneto Serbia Continental Automotive Ltd Serbia – March 2012 Thailand - March 2012 Project Description Project Description A Greenfield metal stamping factory located in Grosnica, a supplier park dedicated to FIAT’s new plant in Kragujevac. It will produce seat structure, safety component and system, suspension and car jacks, with manufacturing processes for FIAT. Green field manufacturing facility with a production capacity of 500,000 high pressure pumps and 2,500,000 injectors per year. Project Size Total Cost: IFC Loan: Total cost: IFC Loan: € 37 million € 20 million IFC Added Value • Crisis response and Counter-cyclical role - Market conditions in Europe magnifies IFC's countercyclical role as most European banks have been limiting their exposure to emerging markets due to funding constraints. • Global presence and partnership – Sponsors have already inquiring about possible cooperation with IFC in other emerging markets. • Risk mitigation - Project is Sponsor’s first investment in Serbia. Partnering with IFC provides comfort to Sponsors in terms of country knowledge and contacts. Developmental Impact • • Job creation: 367 direct skilled jobs (with training programs), and 10,000+ indirect jobs Technology transfer - Sponsors are FIAT trusted suppliers and have state-of-the-art technologies and efficient processes. Project Size €180 million €70 million IFC Added Value • Mobilization: Mobilized 50% of the debt requirement for the project • Risk mitigation: Sponsor values IFC's presence as a proxy to a local partner in a country where the Group hadn't operated previously • Global partnership: IFC is in a unique position to support the Group's expansion in Asia and assist with local knowledge Developmental Impact • Climate change: new diesel technology will lower carbon dioxide emissions by over 15% relative to regional standards, and by 5% relative to world-class standards • Technology transfer: generate 780 high-skilled jobs • Support local suppliers: will generate around EUR40 million of local purchases annually by 2014 16 Same Deutz-Fahr Group SpA Croatia/India - May 2012 Apollo Tyres Limited India – September 2010 Project Description Project Description The projects financed the upgrading and expansion of the farm equipment production capacity of Same Deutz-Fahr Group SpA , a midsized Italian farm equipment producer, in its operations in India , Croatia and China. A green field tire manufacturing facility located at the industrial park near Chennai in the state of Tamil Nadu, India. Apollo is also implementing smaller capital expenditure programs at its existing facilities at Limda (state of Gujarat). Project Size IFC Loan: $36 million (India, Croatia, China) IFC Added Value • • Crisis response: Current market conditions in Europe have made it more challenging for companies to pursue investments by expanding its credit lines with existing relationship banks. IFC will provide longterm funding that is also scarce in Croatia and India without a pledge of local fixed assets of the borrower. Long-term partnership: Same values IFC's role as a long-term partner, as its relationship with IFC evolves through changing market environments and its own evolving needs. Developmental Impact • Contribution to rural development: Mechanization is introduced in response to farm labor scarcity, and it will increase land and labor productivity, which in turn will contribute to higher farmers’ incomes. • Continued know-how and technology transfers: given the Group's focus on product innovation, the Project is expected to result in continued technology and know-how transfer through the expansion of the Company's operations Project Size Total Cost: IFC A Loan: IFC Syndicated B Loan: $515 million $30 million $30 million IFC Added Value • Corporate Social Responsibility Partnership: Apollo strengthened the company’s Corporate Social Responsibility activities to build sustainable business models. IFC had earlier supported Apollo in its anti-AIDS/HIV campaign. • mobilizing investments from participant banks, in addition to IFC’s investments of its own account Developmental Impact • creation of about 1,500 skilled and semi-skilled direct, permanent jobs and an additional 2,000 jobs during the construction phase • Project will result in the development of new Small & Medium Enterprise (SMEs) in the supply chain. 17 Volkswagen India Pvt. Ltd. Standard Profil India – August 2009 Turkey - March 2006 Project Description Project Description Car manufacturing (small to compact size) with stamping, body and shop, and assembly with a capacity of 110,000 vehicles per year. Sponor purchased Standard Profil Otomotiv Sanayi ve Ticaret Anonim Sirketi, the largest manufacturer of automotive sealing systems in Turkey. Sponsor wanted to improve the Turkish manufacturers operations and prepare it for its next stage of growth. Project Size Total Cost: IFC Loan: €580 million €135 million IFC Added Value • Long-term capital and local currency financing (swap intermediation) otherwise not available in a crisis context • Thorough knowledge of the Indian market and regulations • Flexible approach to deal with SMEs and multinationals • Potentially advisory services provision (local supplier base) • Demonstration effect to other foreign investors • Risk mitigation and syndicated loans (resource mobilization) Developmental Impact • >2,500 direct jobs (with training programs), and >10,000 indirect jobs • Technology and skills transfer, and localization of the supplier base (75% localization rate; new vehicle (POLO)) • Increased energy efficiency and lower emissions Project Size Total cost: €78 million IFC investment: €17 million debt and €3 million equity IFC Added Value • Sponsor specifically sought IFC’s participation in this transaction because of IFC’s strong presence in Turkey and knowledge of the local business community and financial sector • Transaction supported a local company grow into a leading player in the European market • Provided global industry expertise to the company • Enhanced the competitiveness of locally-based OEM in growing their business both nationally and in the region Developmental Impact • Support innovation through the company’s R&D capacity • Created employment opportunities for highly skilled technicians within Turkey 18 Petlas Kumho Turkey – December 2008 China - December 2004 Project Description Project Description Sponsor (AKO) wanted to expand its distribution network and modernize Petlas, the fourth largest tire manufacturer in Turkey. The goal was to maintain Petlas’s position in tires for tractors and heavy duty equipment, while playing an increasing role in the automotive aftermarket tire sub-sector. Nanjing Kumho Tire Co., Ltd. (NKT) is a Chinese manufacturer of radial and bias tires for passenger cars and light trucks. IFC provided financing for capacity expansion. Project Size Total cost: IFC loan: IFC equity: Total cost: IFC A Loan: IFC Syndicated B Loan: $188 million $50 million $90 million IFC Added Value • IFC supported the entrance of a local company in a sector which is currently dominated by 3 established international players. • Global technical and sector expertise through industry best practices that help reduce risk and improve financial reporting • Long term financing and comprehensive package including A loan and B loan as well as advisory services Developmental Impact • Investment is in one of the least developed cities of Turkey, where Petlas is the largest employer, providing currently 1250 permanent jobs in the region. • Job creation of about 690 local people • Enhancing efficiency and production quality through Project Size €130 million €61 million €6 million IFC Added Value • Structured and provided long term capital through debt and equity • Mobilized two parallel loans: $12 million from DEG and $15 million from Industrial and Commercial Bank of China • Contributed to a more flexible enabling environment for joint mortgage registrations in China. Developmental Impact • Efficiency improvement through technology transfer • Created 1000 employment opportunities 19 1. 2. 3. 4. 5. 6. 7. Chi Siamo Settore della Meccanica Esempi di Progetti finanziati da IFC Settore della Chimica Finanziamenti alle Reti di Distribuzioni Finanziamenti per Fornitura e Commercio Servizi di Consulenza Representative Transactions with Global Clients •Bayer Ukraine Ltd. •US$70m Risk Sharing Facility •Ukraine •A Loan $200MM, B Loan $125mm •Equity $50MM •Refinancing •Egypt •Heidelberg Cement Africa •US$110m Equity and US$70m Debt •Tanzania and West Africa •EDF La Ventosa •US$25m Debt and US$15m Concessional Financing •Mexico •BHP Biliton, Mitsubishi, Industrial Dev. Corp., Gov’t of Mozambique Joint Venture •Swiss Re/UBF Seguros SA •US$25m Debt •Mozambique •US$10m Equity •Brazil •€ 50m Share Issue •Ukraine and Russia •Michelin Group Joint Venture with Tigar Rubber Products Group •€ 20m Debt and €5m Convertible Debt •Yugoslavia •Volkswagen India Pvt. Ltd. •John Deere •Ikea Moscow •€ 35m Debt •India •Risk Sharing Agreements •Multi-Country •US$15m Debt •Russia •Veolia Voda S.A. •Global Trade Liquidity Program •US$4b •Global 21 IFC’s Current Chemicals Portfolio $1.3 billion committed as of June 2012 By Region By Sector (IFC Own Account) (IFC Own Account) 8% 18% 29% 14% 19% 10% 17% 10% 25% 24% 26% Basic Chemical Manufacturing Other Chemicals East Asia and the Pacific Europe and Central Asia Pesticides, Fertilizer and Other Agricultural Chemical Manufacturing Latin America and the Caribbean Middle East and North Africa South Asia Sub-Saharan Africa Petroleum & Coal Products Resins, Synthetic Rubber, and Artifical Synthetic Fibers and Filament Manufacturing 22 IFC’s Experience in the Chemicals Sector Petrochemicals Continental Carbon of India Ltd. NPC, Thailand: gas cracker Copesul, Brazil: naptha cracker Copene, Brazil: naptha cracker Samsung, Korea: petrochem/aromatics complex restructuring HMC Polymers, Thailand: PP Petroken, Argentina: PP Politeno, Brazil: PE Ipiranga I & II, Brazil: PE, PP Indelpro, Mexico Profalca, Venezuela: PP Grupo Zuliano, Venezuela: petrochem complex Suzhou, China: PVC Vinythai, Thailand: PVC Engro PVC, Pakistan: PVC Tuntex, Thailand: PTA Rhodiaco, Brazil: PTA Rhodia-ster, Brazil: PTA/PET Oxiteno, Brazil: EO/MEG Girsa, Mexico: EO/MEG Pralca, Venezuela: MEG Gidesa, México: EG, PS Trikem, Brazil: PS Innova, Brazil: styrene/PS Daaboul, Syria: LAB Jose Methanol, Venezuela: methanol KuAz, Russia: caprolactam Eleme Petrochemicals, Nigeria: PE, PP Xinao, China: Coal-to-DME DCM Shiram, India: PVC Himadri, India: Coal tar pitch and carbon black Galaxy Chemicals, India: Surfactants EIPET, Egypt: PET Fertilizers & Crop Protection Bayer, Ukraine – agrochemicals UPL, India: pesticides, herbicides Atul, India: pesticide intermediates Engro Corporate, Pakistan ICS, Senegal: phosphoric acid Indo Jordan, Jordan: phosphoric acid Engro Chemicals, Pakistan: ammonia Trigen II, Trinidad & Tobago: ammonia Fosfertil, Brazil: SSP, TSP, MSP, DAP GNFC, India: ammonia, urea Deepak Nitrate, India: ammonia,Urea,DAP PQB, Bolivia: ammonium nitrate KuAz, Russia: ammonia, urea Indo Egyptian, Egypt: phosphoric acid Koyo, China: ammonia, urea Abocol, Colombia: ammonium nitrate,NPK JIFCO, Jordan: DAP JPMC, Jordan: phosphate Engro Emergency, Pakistan: urea OCI, Egypt: ammonia, urea Paradeep, India: phosphate Itafos, Brazil: phosphate Refineries ERC Refinery, Egypt PSPC (Shell), Philippines Star Petroleum (Caltex), Thailand Refisan (Pecom), Argentina Petrotel-Lukoil, Romania Alliance Oil Company, Russia Others/Infrastructure JPMC Terminal, Jordan IFC / SCB Facility Engro Vopak, Pakistan: Chemical terminal Messer, Trinidad & Tobago: industrial gases Opet Petrolculuk, Turkey: fuel distribution Antai, China: metallurgical coke Ecogreen I & II, Indonesia: oleochemicals Darong, China: specialty chemicals Gapco, Kenya: storage terminal Zhong Chen, China: storage terminal Galnaftogaz, Ukraine: petroleum retailer Dongyue, China: fluorine chemicals, organicsilicone Atul, India: Dye and pesticide intermediates Hikal, India: Pharmaceuticals Vinati Organics (JV), India: specialty chemicals SRF, Thailand: specialty chemicals Rabobank, Africa: commodity trade facility SocGen, Africa: commodity trade facility Laxmi Organics, India: specialty chemicals Rhodia, India: supply chain finance Inorganic Chemicals Engro Polymers, Pakistan Kanoria Vizag, India Atul Ltd, India Alexandria Carbon Black, Egypt: Carbon black Continental Carbon (CCIL), India: Carbon Black Maanshan I & II, China: Carbon black Rain Calcining, India: calcined carbon Peroxythai, Thailand: hydrogen peroxide Chengdu, China: potassium hydroxide & PVC Prodesal, Colombia: caustic soda, chlorine Meghmani Finechem, India: caustic soda, chlorine Magadi Soda, Kenya: soda ash Lukovac Soda, Bosnia: soda ash Kanoria Chemicals, India: caustic soda, chlorine Jiuda Salt, China: industrial salt 23 1. 2. 3. 4. 5. 6. 7. Chi Siamo Settore della Meccanica Esempi di Progetti finanziati da IFC Settore della Chimica Finanziamenti alle Reti di Distribuzioni Finanziamenti per Fornitura e Commercio Servizi di Consulenza Soluzioni di Distribution Finance • Finanziamento di Distributor Wholesale (Principalmente Floor Planning / Fleet Financing) direttamente a distributori specifici, revolver tra i 2 – 4 anni. • Portfolio Facility: Facility funded o non funded data direttamente ai distributori / clienti finali, o indirettamente tramite le banche che utilizzano criteri di ammissibilità specifici. • Portfolio Enhancement Credit Facility: Solitamente investimenti mezzanine in cartolarizzazioni di portafogli direttamente per i distributori dei clienti finali o indirettamente attraverso intermediari finanziari. • Crediti finanziari dei Venditori: programma di acquisto di crediti in cui il venditore viene pagato secondo i termini stabiliti mentre il distributore ottiene un l'estensione dei termini di pagamento e benefici sul capitale circolante. 25 Benefici per il Distribution Finance Vantaggi per i distributori e clienti finali: • • • • Crescita dei ricavi: aumentare i volumi di business con più basso capitale Alternativa di finanziamento: disponibilità finanziamenti più grandi e più a lungo termine e a condizioni di mercato stabili Il miglioramento della gestione patrimoniale: Migliorare il capitale circolante attraverso un estenzione dei termini o una riduzione del magazzino Capacity building: i servizi di advisory dell’IFC includono attività di formazione per i distributori / clienti finali Benfici per I venditori: • • • • Crescita dei ricavi nei mercati emergenti: espansione in nuove e sotto-servite regioni / segmenti e approfondire le relazioni con i distributori nei mercati emergenti; sostegno pre la crescita dei clienti di PMI Fornire finanziamenti ai distributori / clienti finali con un’ esposizione limitata Aumentare l’attrattivita’ dell’offerta dei prodotti Credit screening indipendente utilizzando il processo FI, senza necessità di gestione del credito Benefici per FI • Il supporto dell’IFC riduce i requisiti sul capitale (con rating AAA di garanzia) • Servizi di Advisory Services per i distributori / clienti finali a seconda delle esigenze 26 1. 2. 3. 4. 5. 6. 7. Chi Siamo Settore della Meccanica Esempi di Progetti finanziati da IFC Settore della Chimica Finanziamenti alle Reti di Distribuzioni Finanziamenti per Fornitura e Commercio Servizi di Consulenza “The IFC Global Trade Liquidity Program won “Best Trade Deal of the Year” awards from three leading global publications: Finance Asia, Global Trade Review, and Trade Finance.” GTSF Program Global Trade & Supplier Finance • Un investimento di 500 milioni di dollari e un programma di servizio di consulenza per fornire finanziamenti a breve termine per open account trade per aziende in mercati emergenti (EM) • Possibilità di fornire finanziamenti ai fornitori, sulla base di sconto delle fatture accettate per il pagamento (post-spedizione e post accettazione) di pre-approvati acquirenti • Finanziamento base pro-soluto e non garantiti ai Fornitori • Finanziamento contro uncommitted, linee di credito revolving approvati per gli acquirenti • Fornito come finanziata o non finanziata di supporto direttamente ai fornitori o attraverso le banche partner, con le relazioni di acquisto esistenti e l'espansione delle Finanze Fornitore in EM • Operazioni attuate attraverso indipendenti o piattaforme elettroniche di Finanza Supply Chain di propieta’ di banche per la consegna automatica e l'approvazione di fatture b / w Acquirenti e Fornitori • Prezzi market based (tenendo conto del rischio di credito superiore del compratore) • Tenors fino a 180 giorni • Accordi click-through tra gli acquirenti, fornitori, piattaforme e IFC (previa una soddisfacente due diligence sui soggetti coinvolti) • Advisory Services: A seconda delle necessità, IFC e’ in grado di fornire on-boarding/training specializzato ai fornitori per aumentare la loro sensibilizzazione • E&S: IFC si impegnerà con gli acquirenti a valutare le loro politiche di approvvigionamento e di garantire la conformità dei fornitori con gli standard IFC e le norme sociali. 28 Supplier Finance Benefits to Participants Key Buyer Benefits Key Supplier Benefits • Improvement in the financial stability of supply chain • More affordable financing option due to superior credit standing of the Buyer • Ability to extend payment terms while still supporting Suppliers with lower cost financing • Non-recourse financing of up to 100% face value of the invoice • Provision of financing facilities to entire supplier base • Reduction in operational costs through automated settlement of payments • Supply Finance platform utilization maintains legal obligation between the Suppliers and the Buyer, preserving Accounts Payable status of payment obligations • Improved transparency of invoicing process and ability to manage cash flow • Reduction in Account Receivable operations through automated collection process • Reduced reliance on debt and stronger financial position • Ability to convert Accounts Receivable to cash 29 1. 2. 3. 4. 5. 6. 7. Chi Siamo Settore della Meccanica Esempi di Progetti finanziati da IFC Settore della Chimica Finanziamenti alle Reti di Distribuzioni Finanziamenti per Fornitura e Commercio Servizi di Consulenza IFC is ramping up its resources in post-conflict Africa, increasing its investments and advisory work in some of the world’s poorest and most challenging countries. Servizi di Consulenza • Access to Finance: il cambiamento climatico, le infrastrutture finanziarie, Micro / Vendita al dettaglio, gestione del rischio, e le PMI • Investment Climate: Business Regulation for Enterprise Creation & Growth, il commercio internazionale e degli investimenti, investimenti nel settore climatico per l'industria, e la partecipazione privata nei settori sociali • Public - Private Partnerships: Mandate PPP Upstream Work, Post Advisory Mandate Support, PPP Advisory • Sustainable Business: Environment, Social, and Trade Standards, Investimenti, Energia pulita, Corporate Governance, Resource Efficiency, and Investimenti strategici per la comunita’ IFC’s Resource Efficiency nel settore manifatturiero • Resource Efficiency si propone di favorire gli investimenti volti a migliorare l’efficienza dell’uso delle risorse quali energia, acqua, e nell’uso di materiali che porta a una riduzione • dei costi per le imprese, • dei rifiuti e • delle emissioni di gas serra. • IFC sfrutta la sua competenza tecnica e finanziaria per sostenere: lo sviluppo di progetti redditizi e compatibili con l'ambiente, nuovi modelli di business e impegni volti a modificare il comportamento del mercato e supportare più investimenti eco-sostenibili, la crescita economica e la bassa emissione di carbonio 31 Advisory Services Examples Technical Improvements in Manufacturing Improvements to Electrical Drives and Motors • Assessment determined that improvements could be gained by • proper loading of motors, replacing belts, existing standard motors with energy efficient counterparts, downsizing under loaded motors and installing an Auto Delta-Star converter for varying load motors. Steam System and Paper Machine Improvements • Efficiencies could be gained by • reducing combustion air quantity, which can be done by replacing the combustion blower with a new suitable sized blower and by installing a modulator Air-Fuel controller • Efficiency would also be improved through insulation of flanges, valves and pipelines. Improvement in Pumping System and Fans • Assessment revealed that additional efficiency could be gained by • resizing high capacity pumps to more appropriate lower capacities to reduce energy waste and by • introducing variable speed drives and direct coupling of motor and pump to reduce power consumption. Refrigeration and Cooling Improvement • Assessment revealed that simple changes such as replacing water pumps and more substantive actions such as new a localized refrigeration unit for the RF dryer, a cooling tower and vacuum pumps would improve the specific energy consumption of the system and reduce electricity consumption. Improvement in Lighting System • Efficiency in the lighting system can be gained by upgrading the dated magnetic ballasts in the fluorescent lights with more efficient electronic ballasts and by replacing the mercury lamps with more efficient metal halide lamps. 32 - Thank You IFC Contacts for Global Manufacturing: Takuro Kimura, Manager of Global Manufacturing – Washington DC Tel: +1 (202) 458-5596 E-mail: [email protected] Paolo Spagnoletto, Global Relationship Manager, Global Manufacturing – Washington DC Tel: +1 (202) 458-8386 E-mail: [email protected] Emmanuel Pouliquen, Principal Industry Specialist, Global Manufacturing – Washington DC Tel: +1 (202) 473-9114 E-mail: [email protected] Stefan Schweitzer, Senior Industry Specialist, Global Manufacturing – Washington DC Tel: +1 (202) 473-9713 E-mail: [email protected] 33