Florida is the best place to invest and make business in. It is also the best place to live. This presentation shows Florida's economic and demographic trends.

1. WHY FLORIDA?
A growth supported by two Americas
Copyright Miami International Investors 2014-miamiinternationalinvestors.com

2. Economic growth in Florida
Florida took off in 2012 and is growing faster than
the U.S.
GDP, 2009=100
90
95
100
105
110
115
120
2009 2010 2011 2012 2013
Florida
USA

3. Real Estate prices
0
20
40
60
80
100
120
2007 2011 2013
Florida
USA
JOBS
82
84
86
88
90
92
94
96
98
100
102
104
2007 2008 2009 2010 2011 2012 2013 2014 2015
Florida
USA
Economic growth in Florida
Real estate-oriented Florida’s jobs market is recovering from the
recession.
Floridian real estate fell more than the rest of the country during the
recession and has yet to catch up with its former price premium.
The Real Estate
bubble bursts
Job market
improves
faster and
is catching up
with the US
Real Estate prices are still relatively
cheap on an historical basis
compared to the rest of the country

4. Economic growth in Florida
Florida’s growth is increasingly stronger than other
developed economies
GDP, 2009=100
95
100
105
110
115
120
2009 2010 2011 2012 2013 2014 2015
Florida
European Union
Japan

5. Economic growth in Florida
Latam countries’ growth is boosting Florida’s
economy
GDP, 2009=100
90
95
100
105
110
115
120
125
130
135
140
2009 2010 2011 2012 2013 2014
Florida
European Union
Japan
Latam in USD

6. Florida’s economic weight
• 3rd
state by population
• 18th
“country” by GDP
• Miami is a key to
1/3 of the world’s GDP
Netherlands
Saudi Arabia
Florida
Switzerland
Argentina

7. Strongest industries
• Real Estate
• Retail
• Healthcare services
• Accommodation
• Recreation
• Wholesale
Especially strong within the GDP mix:

8. Fastest growing industries
The economy is currently diversifying with strong progressions of:
•Finance, insurance, management
•Accommodation and Hospitality still strong
•Natural resources: mining and agriculture
GDP 2013 (2009=100)
184.7
126.6 125.3
116.6 116.3 114.5 114.4
0
20
40
60
80
100
120
140
160
180
200
Mining Agriculture Management of
companies and
enterprises
Recreation Accommodation
and food services
Wholesale trade Finance and
insurance

9. An international and dynamic place
Speak another language than English at home 77% 26%
Miami Florida
Foreign born 52% 20%
Hispanic or Latino 66% 24%
Population growth per year +4.8% +4%
21%
USA
13%
17%
+2.4%
Median value of owner-occupied homes $201k $160k $176k

10. An international and dynamic place
Florida:
•is particularly attractive to immigrants
•is the region of predilection for South American families
•has more than its share of European immigration
0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0%
...From Venezuela
...From Argentina
...From Colombia
...From South America
...From Brazil
...From Chile
Of immigration from Europe
Of total immigration
of USA population
Florida's share...

11. The inflow of foreign capital is
beginning
• Florida is the 8th
state for Foreign
Direct Investments from 70+
countries
• To date, established foreign
companies are mostly from
Europe and Canada:
• But 7 out of the 10 largest buyers
of Florida-origin exports are
LATAM countries and they are
increasing their local presence:
Employment by foreign companies
European Union, 57%
Asia-pacific, 21%
Canada, 9%
Latam, 8%
Other, 5%
Brazil
Canada
Switzerland
Colombia
Venezuela
UAE
Mexico
Chile
Argentina
Peru

12. Strong inflow into Real Estate
Top Cities Searched by International consumers:
1) Los Angeles, CA
2) Miami, FL
Cities searched by foreigners (homes)
Canada: Detroit, Las Vegas, New York, Los Angeles, Fort Lauderdale,
Brazil: Orlando, Miami, Los Angeles, New York, Kissimmee
Russian Fed.: Detroit, Los Angeles, New York, Miami, San Francisco
France: Detroit, Los Angeles, Miami, New York, Miami Beach
Germany: Los Angeles, New York, San Antonio, Miami, Colorado Springs
Italy: New York, Miami, Los Angeles, Miami Beach, Detroit
Netherlands: Los Angeles, New York, Miami, Houston, Detroit
Spain: Miami, New York, Los Angeles, Miami Beach, Detroit
Turkey: New York, Los Angeles, Miami, Chicago, Houston
Sweden: Los Angeles, New York, Detroit Fort Lauderdale, Miami
Switzerland: Los Angeles, New York, Detroit, Miami, San Francisco
Ireland: New York, Los Angeles, Orlando, Chicago, Beverly Hills
Israel: New York, Los Angeles, Las Vegas, Miami, Brooklyn
Belgium: Los Angeles, New York, Miami, Detroit, Atlanta
Latam buyers are major and increasing
Florida attracts a disproportionate share of real estate investing
Real Estate buyers- Country of origin
Canada, 39%
Europe, 23%
LATAM, 29%
Asia, 6%
EMEA, 4%
Share of Florida in foreign Real Estate buying
Florida, 23%
Rest of US, 77%

13. Healthy recovery in homes price
•A bullish trend since 2012 with moderate slope
•Still 35% under the highs
Case-Schiller Index Miami
0.00
50.00
100.00
150.00
200.00
250.00
300.00
Jan-00
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
-40.0%
-30.0%
-20.0%
-10.0%
0.0%
10.0%
20.0%
30.0%
40.0%
Index value
Change over 12 months

14. High-end housing price-Select cities
0
2000
4000
6000
8000
10000
12000
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HOME PRICES
Condominiums and single-family:
• Buying in Florida is completely OK for primary or vacations
residence
• Florida’s prices are ultra-competitive against other international
metropolitan areas ($/squared meter)

15. Explosion of logistics
Traffic at Miami Airport ('000)
7000
7500
8000
8500
9000
9500
10000
10500
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
International passengers
Domestic passengers
International
passengers traffic
soars and
exceeds domestic
traffic.
Miami Airport now
second only to
JFK for
international
passengers.

16. Explosion of logistics
International
freight is again at
an all-time high.
First US airport for
freight.
International freight ('000 tons)
600
650
700
750
800
850
900
950
1000
1050
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
International freight

17. Explosion of logistics
• Six major ports give Florida the best water transportation system
• $1 Bn extension for post-Panamax and tunnel at
+ redevelopment of Miami Beach Convention Center, Orlando-Miami
high-speed train line and more.

18. A new place for headquarters
Some accolades:
• S&P 500 companies: 15
• “Fastest growing private companies” (Inc. 5000): 282
• Deloitte’ s fast 500 technology companies: 10
• Multinational companies: 1133 from 53 countries
• Foreign consulates offices: 75
• Foreign trade offices: 21
• Financial institutions: 100+
“They come to Miami because Miami gives them that entryway into the U.S.
They also look at Miami as the best place to reach Latin America and the
Caribbean.”
P. Fuentes-Berti, Beacon Council

19. Florida is business friendly
• No personal income tax
• Reasonable sales tax (6%)
• #2 best state for business (Chief Executive magazine)
• #3 lowest private sector unionization rate (unionstats.com)
• #3 corporate tax environment (Area Development)
• #4 tax friendliness (CNBC-New York: #50)
• Top 5 business tax climate (Tax Foundation, U.S. Chamber of Commerce)

20. A continental financial center
• Miami Downtown Development Authority launched the Financial
Sector Initiative (May 2013) to attract Financial Services
companies
• More international banks in Miami than in any city outside New
York
• 60 international banks, 100 alternative investments companies
• US and Latam Hedge funds, Private Equity firms, Family offices are
moving or opening offices in Miami
• Among the most dynamic industries 2000-2014: funds/investment
vehicles, management of companies, professional services,
computer systems, educational services

21. A continental financial center
Drivers:
• Accessing or following South American clients
• Proximity of offshore financial centers in the Caribbean
• A shelter for capital and wealth at any political, financial or
monetary crisis in the world
• Cost of living -20% compared to New York, San Francisco or
London
• No state or local income tax
• Still affordable housing
• Lifestyle, climate, resort atmosphere

22. A major contribution of tourism
• 95 millions tourists in Florida (2013)
• 2014: 3 first quarters, +2.5% year on
year
• World capital for cruises, a market that
grew 77% in the last decade
(Miami/Port Everglades)
• Tourism brings in $80 billion a year
and supports more than one million
jobs
Visitors
60
65
70
75
80
85
90
95
100
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

23. Significant quotes
• “As ties grow between Asia and South America, Miami is just poised
to be in the middle of that development”
• “We are working mostly in the Caribbean, so Miami as a hub from a
logistics point of view is much more suitable than New York”
• “Everything feels a lot more close and attainable, because we are so
connected. And I don’t mean just in infrastructure, but I people”
• “Since the European crisis, we have seen an influx of assets from
Italians and Spaniards that want geographic diversification
• For the last 20 years, a lot of business owners moved their families
here. Now the children took over, and even if the business is in
South America, they are running it from here”
• “South Florida has now the required critical mass of multicultural
professional services experienced at supporting multinational
companies to continue to grow as an international hub”

24. SUMMARY
Florida is one of the best place for investors and businesses:
• Growth as a pan-American hub
• Business-friendly context
• Active and affluent immigration
• Capital-sheltering status
• Strengthening inflow of foreign capital
• A soaring financial center
• Large and growing additional contribution from tourism
• Development of infrastructures and strong political will
• International and multilingual culture
Investing in Florida is a desirable diversification for any portfolio.

25. MIAMI INTERNATIONAL INVESTORS
Your gateway to the Americas
Investing in a bright future
Copyright Miami International Investors 2014-miamiinternationalinvestors.com

26. WHAT WE DO
We support foreign investors and companies at all stages of the
investment strategy
• Our goal is to allow foreign investors
and businesses to take advantage of
this sustainable trend – we assist
them for their investments or their
strategic implantation in the region
• We provide assistance for any or all
stages of the investment strategy:
information, prospection, research,
execution and management for foreign
investments
• We typically support different types of
investors: family offices, private
investors, investment funds, hedge
funds from Europe, Asia and EMEA
 Real estate investments:
residential, retail and office
 Investments in hospitality
facilities and resorts
 Mortgage funds, CMBS
 Business acquisitions of private
companies
 Search for strategic and trading
partnerships, banking partners
and business services
 Private equity funds
 Assistance to family relocation,
visas and green-cards related
investments
… And can address a multiple
investment opportunities
We cover a broad spectrum of
investment services in the region…

27. SUMMARY OF SERVICES
FOR INVESTORS
• TAILOR-MADE PROSPECTION FOR
INVESTMENT OPPORTUNITIES
• OPERATION ANALYSIS AND
RESEARCH
• REPRESENTATION
(OFFICIAL/UNOFFICIAL)
• SPECIFIC STRATEGIC
MONITORINGS
• INVESTMENT NEGOTIATION AND
EXECUTION
• LOCAL ASSETS FOLLOW-UP AND
MANAGEMENT
FOR COMPANIES
• PROSPECTION FOR TARGET
COMPANIES AND STRATEGIC
PARTNER
• LOCAL FUNDRAISING AND BANKING
RELATIONSHIPS
• REPRESENTATION
(OFFICIAL/UNOFFICIAL)
• SPECIFIC STRATEGIC MONITORINGS
• ACQUISITION AND PARTNERSHIP
NEGOTIATION AND EXECUTION
• LOCAL ASSETS FOLLOW-UP AND
MANAGEMENT
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Copyright Miami International Investors 2014-miamiinternationalinvestors.com

29. MIAMI INTERNATIONAL INVESTORS
Your gateway to the Americas
For any elaboration or further inquiry on the materials above, please
contact us:
• Telephone: 305 443 5470
• Email:
yvesmarty@miamiinternationalinvestors.com
• Website: miamiinternationalinvestors.com