Emmanuelle MATZ, Head of Proparco’s Energy and Infrastructure division Paris Infrastructure International Forum (PIIF) - 9 March 2017 Round Table : Climate change optic fiber networks www.proparco.fr

1. I n v e s t i n g i n a S u s t a i n a b l e F u t u r e
EMERGING MARKETS:
HOW CAN PROPARCO CONTRIBUTE TO
SUSTAINABLE GROWTH?

2. FINANCING INFRASTRUCTURE PROJECTS?
UM, YES, MAYBE… LET’S TALK ABOUT IT!
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3. A subsidiary of the Agence
Française de Développement
(AFD)
Devoted to private sector funding
In excess of 450 clients,
Supporting Sustainable
Development Goals
Devoting 30% of activity to
projects with climate change
co-benefits since 2010
PROPARCO AT A GLANCE
THE FRENCH DFI SERVING THE PRIVATE SECTOR AND SUSTAINABLE DEVELOPMENT
200+
employees
€1.2bn
of new commitments
€5.4bn
of outstanding loans
and equity stakes
In 2016 75
new executed
transactions
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4. A KEY FINANCIAL PARTNER TO SUPPORT YOUR INFRASTRUCTURE
PROJECTS
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Since
2000
147 deals $3.4bn in 56
countries
5.5GW
renewables
80 MW
Salvador
2016
Senior Loan
USD 30m
215 MW
Brazil
2016
Equity
EUR 15m
250 MW
Uganda
2006
Senior Loan &
Mezzanine
USD 60m
Al Rajef
86 MW
Jordan
2016
Senior Loan
USD 50m
129 MW
Peru
2015
Arranger
Senior Loans
USD 75m
Krnovo
72 MW
Montenegro
2015
Mezzanine
EUR 20m
54 MW
Chile
2015
Senior Loan
USD 20m
378 MW
India
2015 & 2013
Equity
USD 18m
139 MW
CCGT (exp.)
Ivory Coast
2012
Arranger
Senior Loan
USD 170m
3 projects
40 MW
Jordan
2014
Senior Loans
USD 50m
Telecom Towers
Niger
2016
Senior Loan
EUR 27m
Water
Treatment
Brazil
2012
Senior Loans
USD 40m
Satellite
Multi-country
2010, 2015
Senior Loans
USD 28m
Telecom Towers
Myanmar
2016 & 2015
Senior Loans
USD 28m

5. DEVELOPING SUSTAINABLE INFRASTRUCTURE (1)
- MAKING PROJECTS EMERGING
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Investing in infrastructure funds,
International support,
E&S support,
Promoting early stage development capacity
Focus on long term platforms partnering
with industrial expertise,
Infra Fund CDC AFD launch in 2017
PROPARCO is a LP in the following
platforms:
Africa
• ARIF
• AIIF2
• ECP Africa Fund II (generalist fund)
• Meridiam Infrastructure Africa Fund
• Africa Joint Investment Fund & MENA
Joint Investment Fund
• Energy Access Ventures Fund (offgrid)
Latin America
• Acon III & IV (generalist funds)
• CAMIF II
• Americas Energy Funds II “AEF”
Asia
• Armstrong
• FE Clean Energy

6. DEVELOPING SUSTAINABLE INFRASTRUCTURE (2)
- PROMOTING BANKABILITY:
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Assisting sponsors on their negociations with the offtakers to structure bancable
PPAs,
« les 10 points clefs de bancabilité d’un PPA »
Setting up the standards for project finances in new markets, to catalyse
commercial banks or investors for successive rounds:
Next steps: fostering large scale renewables programs (Ethiopia, Egypt…)
2 solar PV of
30 MW each
Senegal
2016
Senior Loans
EUR 58m
Polesine WPP
50 MW
Uruguay
2013
Arranger
Senior Loan
USD 90m
“By agreeing to support us,
PROPARCO showed that it was more
than just a financial partner. The
support of PROPARCO during this
process was invaluable, especially
when it came to negotiating the
contract for buying electricity from
the UTE – Uruguay’s national utility.”
Éric SCOTTO
Chairman, Akuo Energy

7. DEVELOPING SUSTAINABLE INFRASTRUCTURE (3)
-SUCCESSFUL DEVELOPMENT SUPPORT IN LESS ADVANCED COUNTRIES (1):
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40 years experience of credit risk structuring and analysis of Project finance, in high
risk countries & expertise

8. DEVELOPING SUSTAINABLE INFRASTRUCTURE (3)
-SUCCESSFUL DEVELOPMENT SUPPORT IN LESS ADVANCED COUNTRIES :
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40 years expertise in the main infrastructure sectors (telecoms, power, water,
mining, transportation…)
Strong partnerships with our clients and the bilateral/multilateral community (IFC,
IIC, ADB, EBRD & EDFIs),
Large and historical AFD network

9. DEVELOPING SUSTAINABLE INFRASTRUCTURE (4)
AFD GROUP, A COMPLEMENTARY SOLUTION MAKER TO PPPs
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Financing of the sovereign/public entity needs:
public equity in the SPV,
public infrastructure (transmission line, rail, port…),
technical/financial assistance to governments,
Financing of the private entity for:
additional impacts investments,
ensuring low end-users tariffs,
Moving forward:
PRG to cover offtaker risks,
Joint identification of projects:
To support INDC action plans, with a special focus to countries close to AFD,
To contribute to PPPs expansion (backbone, BRT…), digital initiatives
120 MW
Zambia
2014
Senior Loan
USD 36m
Nam Theun 2
Power Company
1,070 MW
Lao PDR
2005
Senior Loan
USD 65m

10. DEVELOPING SUSTAINABLE INFRASTRUCTURE (5)
INNOVATING TO ATTRACT INVESTORS IN RISKY COUNTRIES:
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Participating to « green bonds » & first PPP bonds to attract competitive pricing
to local banks or catalize international investors,
Developing standardised credit processes for 10MW solar projects,
Developing credit enhancement products, to catalyze
Local liquidity available, to decrease currency risk,
International investors, to fill in liquidity gaps for large projects,
In coordination with AFD, benefiting from concessional funds (UE, GCF) to
mitigate the main risks (inconvertibility, currency, offtaker),
support new market needs: offgrid, adaptation
ARE Scale Up
Africa
2016
EU delegated funds
EUR 12m
Elazig
Hospital
Turkey
2016
Project Bond
EUR 40m

11. I n v e s t i n g i n a S u s t a i n a b l e F u t u r e
PROPARCO
151 rue Saint Honoré
75001 Paris, France
Tel. +33 1 53 44 31 08
Fax. +33 1 53 44 38 38
www.proparco.fr
RENEWABLE ENERGY
Alice LUCAS
lucasa@proparco.fr
+33 1 53 44 38 90
TRANSPORTATION / MINING
Iskander EZZERELLI
ezzerellii@proparco.fr
+33 1 53 44 35 96
OTHER ENERGY (THERMAL & HYDRO)
André MOUNIF
mounifa@proparco.fr
+33 1 53 44 41 54
WATER & WASTE MANAGEMENT
Christel BOURBON-SECLET
bourbon-secletc@proparco.fr
+33 1 53 44 30 84
TELECOMMUNICATIONS
Karin BOUWMEESTER
bouwmeesterk@proparco.fr
+33 1 53 44 31 95
EQUITY & MEZZANINE FINANCE
Matthew SAVILLE
savillem@proparco.fr
+33 1 53 44 38 06
GREGOR QUINIOU
Deputy Head, Power & Infrastructure
quinioug@proparco.fr
+33 1 53 44 45 42
EMMANUELLE MATZ
Head, Power & Infrastructure
matze@proparco.fr
+33 1 53 44 32 54
The team boasts
18 experts across
five sub-sectors
and a dedicated
equity franchise
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8 POWER & INFRASTRUCTURE SECTORIAL EXPERTS ON LINE…

12. I n v e s t i n g i n a S u s t a i n a b l e F u t u r e
JOHANNESBURG
Southern Africa & Indian Ocean
Denis SIREYJOL
proparcojohannesbourg@afd.fr
+27 11 540 71 00
MEXICO CITY
Paul CENTENO LAPPAS
Central America & the Caribbean
afdmexico@afd.fr
+52 55 5281 1777
NAIROBI
East Africa
Damien BRAUD
afdnairobi@afd.fr
+254 20 271 12 34
SAO PAULO
South America
afdsaopaulo@afd.fr
+55 11 3149 7907
ISTANBUL
Turkey, Caucasus, Southeast Europe, Middle
East & Central Asia
Guillaume BARBEROUSSE
afdistanbul@afd.fr
+90 212 283 3111
BANGKOK
North & Southeast Asia
Melody SANG
afdbangkok@afd.fr
+66 2 663 60 90
NEW DELHI
South Asia
Sébastien FLEURY
afdnewdelhi@afd.fr
+91 11 42 79 37 00
CASABLANCA
North Africa
Olivier LUC
afdcasablanca@afd.fr
+212 522 29 53 97
LAGOS
Nigeria
Olivier FOLIN
afdlagos@afd.fr
+234 816 387 8459
ABIDJAN
West Africa
Laurent FARGE
proparcoabidjan@proparco.fr
+225 22 40 70 40
DOUALA
Central Africa
Thomas HUSSON
proparcodouala@proparco.fr
+237 233 42 06 24
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…ALONG WITH 11 REGIONAL OFFICES