Overview. April 2009

Transcripción

1 Overview April 2009

2 OVERVIEW Financial company specialized on sustainable infrastructure investments Over 12 years of successful originating, underwriting, managing and monetization of financing assets. Based in Mexico City and with offices in Monterrey, Querétaro, San Francisco (USA) and origination capabilities in Chile & Peru. 2

3 FUNDAMENTALS MISSION: Originate, develop and finance receivables from sustainable infrastructure investments. VISION: Lead worldwide financing of sustainable infrastructure.

4 TRACK RECORD Invested over US$300MM of assets in 500 transactions for 60 clients Partnerships with more than 10 important financial institutions and international banks. Counterpart rating of mxbbb+ / mxa-2 by S&P and HR Ratings. Servicer rating by S&P. Debt and leasing portfolios publicly traded in the Mexican Stock Exchange Less than 1.7% of defaulted transactions Runner-up on 2009 Financial Times/IFC Sustainable Awards An World Bank (IFC) investment company 4

5 BRIEF HISTORY Inicio operaciones y cierre primer transacción El BID; Nafiny el NAEF (Fondo Norteamericano Ambiental) invierten a través de una participación accionaria Financiamiento GE Capital USD$5MM Financiamiento GE Capital por USD$10 MM Financiamiento sindicado GE Capital, Comerica y Rabobank por USD$25 MM Compra al BID y NAEF de su participación por los accionistas fundadores Asociación con Bridegeway Capital Línea almacenamiento revolvente de Bank of Tokyo- Mitshubishipor USD$20 MM Venta de un portafolio de cartera de arrendamiento por USD$18 MM a Ixe Banco Incremento de la línea de Rabobank a USD$30 MM Crédito de Ixe Banco respaldado por los flujos de cartera de arrendamiento por USD$20 MM Otorgamiento línea de financiamiento de USD$20 MM por parte de Medley Capital Venta portafolio de cartera de arrendamiento por USD$34 MM a Morgan Stanley y por USD$15 MM a GE Capital Universidad del Medio Ambiente comienza operaciones Asociación con BridgewayCapital se convierte en WCAP USA Calificación corporativa de LOM Primer emisión de papel comercial en el mercado público mexicano por $300 MM Conformación del equipo de WCAP en Chile Primer bursatilización pública de cartera a través de la BMV por $290 MM Renovación emisión papel comercial con garantía Nafin Aportación de capital del IFC

6 BUSINESS MODEL TECH / R&D Ecorus, Simapro MNFTG Solartec, Simapro SALES / DIST JC, Terex, PROJ DEV. G3, Energias Ren, INSTAL / O&M Simapro, Quadcom PROFIT SHARING Partnerships Joint Ventures Strat Alliances Blind Discount Leasing, procurement contracts, trade finance, structuring RESOURCE water, sun, wind, waste & heat CLIENTS Wal-Mart, CFE, Liverpool, etc.. Municipalities Corporation Residencies Commercial BUYERS & INVESTORS Banks Insurance Cos Pension Funds Private Banking Public Market 6

7 MAIN CUSTOMERS 7

8 ENERGY BUSINESS MODEL (PPA) DEVELOPMENT Water Capital Dev Partner Tech providers External Consultants WIND SPV OFF-TAKERS Wal-Mart Liverpool PUBLIC MARKET Insurance Cos Pension Funds Private Banking EQUITY INVESTORS [30%] of CAPEX Funds & Strategics Developer [2.5%] PPA IRRs: 16% - 25% HYDRO SPV POWER PURCHASE AGREEMENTS (PPA) [1 to 15 yrs] Take or Pay Cancellable with penalty equal to SPV debt WCAP SYNDICATION BR Trust [80%] Leasing [20%] Leasing (PPA) DEBT PROVIDERS [70%] of Capex Banks & Strategics Leasing (WCAP) SOLAR SPV 8

9 PRODUCTS Equipment Leasing 1.Hell-or-high-water type of contracts 2.Transaction ticket size: US$100K to US$5MM 3.Term: 3 to 5 years 4.Equipment: Energy & water related, industrial, construction, revenue generating assets 5.Currency: MXP and USD Sustainable Services (Leasing + JV) 1.Service Contracts 2.Transaction ticket size: US$50K to $US$1MM 3.Term: 3 to 20 years 4.Asset type: energy & water related 5.Currency: MXP Structured Transactions & Project Development 1.Asset type: energy & water related 2.Transaction ticket size: US$20MM - $200MM 9

10 SAMPLE TRANSACTION