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Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

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Page 1: Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

1

Corporate Presentation

November 2015

Page 2: Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

2

Content

SECTION 1 - About Eaglestone

SECTION 2 - Eaglestone Advisory

SECTION 3 - Eaglestone Asset Management

SECTION 4 - Eaglestone Capital Markets

SECTION 5 - The Team

Page 3: Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

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SECTION 1

About Eaglestone

Page 4: Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

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EAGLESTONE is an African based company committed to contribute for the development of the Southern African region and is currentlyestablished as a reference player for regional and international companies operating in Sub-Saharan Africa (“SSA”)

African Based Company

Eaglestone at a Glance

EAGLESTONE is present in Angola, Mozambique, South Africa, Nigeria, UK, Portugal and the Netherlands, with local execution teams onall the African countries allowing a strong origination and execution capability for the Advisory pipeline

EAGLESTONE was granted a Brokerage License by the Comissão do Mercado de Capitais in Angola

EAGLESTONE, via Eaglestone Advisory Limited, is authorized and regulated by the United Kingdom Financial Conduct Authority

Financial Services Platform

EAGLESTONE aims to further develop its platform in the Sub-Saharan Africa:

Expand Eaglestone’s established foot print, unique knowledge and quality services in the SSA Portuguese speaking countries

Root the strong infrastructure and renewable sectors leading expertise and track record with the main hub in South Africa

Ongoing growth of the International Capital Markets business in the SSA region

Further expand to a Multi-sectorial focus such as Natural Resources

Key Drivers

Corporate Responsibility: bringing business and society back together in Sub-Saharan Africa

Integrity: create a climate of respect for the individual and encourage self-respect

Trust: encourage trust through regulatory approvals and high quality services

Shared Values

Continue to be a leading African investment banking firm and private equity player in Sub-Saharan Africa

Maintain and further develop the market recognition of being a financial services platform and an international private equity playerwith deep knowledge on SSA Portuguese speaking countries and with in-depth expertise in both Infrastructure and renewables sectors

Vision / Mission

Page 5: Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

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Business Areas

African Funds

Pipeline for funds

Deal advice

Sector knowledge

Financial expertise

Real Estate

Industry & Consumer Serv.

Infrastructure

Nat. Resource

Asset Management

Securities

Advisory

Capital Markets

Sales & Trading

Research

Structured Finance Corporate Finance

Strategic Advisory Fin. Restructuring

PPPs Government Serv.

New issuances

Geographic Scope & Local Presence – 30 Professionals

Eaglestone ModelTeam Expertise

& Local Presence

Offices

Geographic Scope

Angola

Mozambique

Portugal

United Kingdom

South Africa

Local presence in high growth underpenetrated markets

Highly specialized teams, with in-deep knowledge and extensive experience in both products and geographies

Adherence to best business practices and international regulatory standards

Eaglestone Business Model

Invest. Advisory

Tailor made solutions

Phase 1

Phase 2

Business Intelligence

Club Deals

Wealth Mngt

Real Estate Opport. Information

& reports

Exit/ IPO coverage

Nigeria

Page 6: Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

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Eaglestone Senior Management

Pedro Neto – CEO & Founding Partner, The Netherlands Country Manager, Global Head of Asset Management Executive Vice-Chairman of Espírito Santo Investment Bank (“ESIB”) until June 2011 and responsible since 2000 of the project finance activity of Grupo Banco Espírito Santo Over 20 years experience in the banking sector and responsible for projects with a global investment in excess of €50bn spread over the 5 continents Chief Investment Officer in Escom (Espírito Santo Group company with a wide range activity in sub-Saharan Africa with a focus in Angola), Chairman of ES Concessões (GBES

company responsible for financial investments in concession projects) and member of the supervisory board of Ascendi Was also an Executive board member of BES Oriente and non-executive board member in BES Investimento Brasil and BES Angola

Nuno Gil – Founding Partner, Portugal Country Manager, Global Head of Advisory Before joining EAGLESTONE, Nuno was a Managing Director in the Project Finance Team of ESIB in Lisbon Between 2006 – 2011, he was responsible for the bank’s project finance advisory activities after spending 4 years in London Nuno has over 16 years experience in project finance having worked as adviser and arranger in several international mandates in Mozambique, Angola, Portugal, Greece,

Ireland, Bulgaria, Hungary, Senegal and Cap Verde across various sectors such as roads, railways, ports, logistic platforms, airports, accommodation and energy

Alan Apter – CFO, UK Country Manager, Global Head of Capital Markets Alan joined Eaglestone in July 2013 with 27 years of investment banking experience. He has worked for Morgan Stanley, Merrill Lynch and Renaissance Capital, among others. He has worked exclusively with developing markets since 1992, primarily in Russia and Central and Eastern Europe, but also in China, India and Latin America His experience includes both capital markets and corporate finance work, including the first NYSE listed IPO from post-Soviet Russia Alan has advised numerous private equity funds and multinational companies on investments in Russia and other Central and Eastern European countries

Coenraad Krige – Managing Director Eaglestone Capital Advisory, South Africa Country Manager Coenraad joined Kensani in 2010. Coenraad has led and worked on numerous local and international infrastructure transactions over the last ten years including renewable

energy projects, roads, airports, power projects, PPP’s, railways, ports and communication infrastructure assets Prior to joining Kensani Coenraad spent 8 years with Macquarie as a member of the Macquarie Capital Advisors and Funds teams Before that he spent the previous 6 years within the Macquarie Capital Advisors infrastructure team where he was responsible for Macquarie First South Corporate Finance’s

infrastructure advisory business in South Africa

Vasco Gueifão – Managing Director, Mozambique Country Manager Before joining Eaglestone Vasco was, since 2010, with F9 Consulting (founding member in 2001) responsible for promoting the company’s financial services internationally Between 2007 and 2009 was Director of Project Finance in Banco Português de Investimento (BPI), responsible for financing processes in a Project Finance regime. Between 2005 and 2007 was financial adviser for the joint Secretary of State of the Ministry of Public Works, Transport and Communication of the Portuguese government. Between 1991 and 2000 worked in Investment Banking, rendering financial advisory services in Corporate Finance and Project Finance of Banco Mello de Investimentos.

Brice Beumo – Managing Director, Nigeria Country Manager, Head of West Africa & Capital Market Brice joined Eaglestone in 2015 and is located in Nigeria where he covers West Africa, including Francophone countries, and capital markets transactions throughout Sub-

Saharan Africa. He is a business development executive with experience in international and local capital markets, project finance and fund management across SSA. Prior to joining Eaglestone, he was a founding Partner and board member at Gemfonds Plc in London, a global emerging market hedge fund. He has also held senior roles at

Ecobank Capital, Renaissance Capital and Irokosecurities (Portfolio Company of FMO’s private equity arm).

Pedro Valle-Domingues – Managing Director, Angola Country Manager, Strategic Planning & New Business Between 2014 – 2015, Pedro was responsible for the Asset Management investment support team and coordinator of the strategic planning and new business department Pedro has more than 9 years of investment banking experience between Lisbon and New York having worked in: Strategic Planning, Leverage and Acquisition Finance, Project

Manager in the set-up of an Investment bank and Broker Dealer in New York, Structured Finance, Syndication and Capital Structure Advisory Pedro has worked in transactions in various countries in Europe, America and Africa across several sectors: energy, renewables, infrastructure, real state and petrochemical

Page 7: Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

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Eaglestone Senior Management

Egídeo Leite – Managing Director, Eaglestone Mozambique Egídeo Leite has been involved in major investments coming into Mozambique, such as Vale and Vodacom Mozambique where he was Board Director Egídeo is a Co-Founder of Insitec Group where is was responsible for the rapid development of that Group that became one of the biggest Mozambican Groups with shares in

several relevant companies such as Banco Comercial e de Investimentos (BCI), Nacala development corridor (CDN) and Mphanda Nkuwa Hydropower Egídeo served as CEO of the Mphanda Nkuwa Hydropower project a 1,500 MW project on the Zambezi River, 60 Km down side Cahora Bassa Dam

Koosum Kalyan – Advisory Board Director Koosum is an Advisory Director at Eaglestone. Her career in Africa involves new country entry and new business development in Angola, Libya, Tanzania, Equatorial Guinea,

Nigeria and downstream activities in Mozambique and Ghana, where she has played a key role in negotiations with stakeholders, Presidents, Prime Ministers and Ministers Currently, she serves on the following Boards as Non Executive Director: Mobile Telephone Networks Holding (MTN Group), South African Bank Note Company, Petmin Mining,

EdgoMerap (London), Haileys Energy Services (Sri Lanka), AOS Orwell (Nigeria) and Aker Solutions (Norway). Koosum is a member of the Investment Advisory Council of thePresident of Togo in West Africa where she assists the President and the government in identifying new opportunities and projects in all sectors.

Prior to this, she was a Senior Business Development Executive for Shell International in London in Oil and Gas Exploration in Africa and Non Executive Director at the StandardBank Group.

Brett Botha – Director, Advisory Johannesburg Brett joined EAGLESTONE in 2014. Prior to joining EAGLESTONE, Brett was Head of the Infrastructure and Telecommunications team within Nedbank Capital responsible for

leading the team in securing funding, advisory, underwriting or arranging mandates for transport, telecommunications, energy, water, industrial and social infrastructuretransactions predominately on the African continent.

Brett has 15 years of banking experience, 12 years of experience in infrastructure project finance and three years of experience in the financial management of structured taxand project finance transactions.

Prior to Nedbank Capital, Brett held the position of financial manager of a company operating in the construction sector. Brett is registered as a CA (SA) and completed his articles at KPMG Inc.

Luis Rebelo – Executive Director, Head of Advisory Portugal Before joining EAGLESTONE, Luís worked as Senior Adviser to the Board of Directors at Mii Capital in the launch of a financial advisory start-up company During 2010, Luís worked as Director of Corporate & Project Finance at ESCOM, in Angola, where he was responsible for the development and monitoring of existing businesses From 2008 to 2009, he worked as Chief Investment Officer at TCN/IBRD (real estate developer) Previously, Luís was Senior Director at Banco Finantia, where he performed several M&A and valuation assignments in several industries, and prior to that, he was Associate

Director at Banco Efisa where he was involved in Corporate Finance, Project Finance and Fixed Income assignments

Ana Corvalan – Managing Director, Appointed Representative of Eaglestone Advisory Ltd Ana has more than 28 years of experience in Corporate & Investment Banking across Europe, Africa, Central Asia, Australia and Latin America. Before joining Eaglestone, Ana was Executive Director of EMFC Loans Syndication with focus on Sub Saharan Africa projects. Prior to EMFC, Ana was Director at Espirito Santo

Investment Bank in London, dealing with Structured and Project Financing across EMEA and Australia. In her banking career she has been involved in Project & Structured Finance (at Director and Managing Director levels), Relationship Management, Risk Management, Business

Development and Business Remediation. In the last 10 years she has been Arranger in transactions comprising EURO 40Bn of total debt covering Infrastructure, Energy and Environmental sector clients worldwide. Her sectors of expertise comprise Oil & Gas, Renewable Energy, Power, Metals & Mining, Waste & Water and Infrastructure sectors.

Page 8: Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

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EAGLESTONE offers a distinctive value proposition with in-depth expertise and independent advice delivered by local executionteams and enhanced by the team’s professional experience and networking

Eaglestone Expertise

Worldwide infrastructure expertise

Global renewable energy and power experience

Project management experience and expertise

Financial modelling and valuation expertise

Investment Analysis & Structuring

Detailed knowledge of local financial markets

Debt structuring experience

Direct equity investment and fund raising experience

Proven deal closing capability

Corporate Joint Venture experience

Strong Project Finance expertise and track record

Proven Mergers & Acquisitions experience

Team have advised and/or arranged debt over EUR 75bn

Team experience on over 20 countries spread around the 5 continents

Page 9: Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

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Eaglestone Key Milestones

Acquisition of 50% of Kensani

Eaglestone completed the acquisition of 50% of Kensani Capital Advisory creating Kensani Eaglestone CapitalAdvisory adding an execution capability in South Africa

Feb 2012

FCA Approval Eaglestone’s UK subsidiary, Eaglestone Advisory Limited received approval from the Financial Conduct AuthorityOct 2012

Financial Close of 3 PV projects in South Africa

Eaglestone’s has acted as financial adviser on the two 75 MW solar photovoltaic projects in SouthAfrica which were closed in November 2012. These projects have been awarded the AfricanRenewable Deal of the Year

In May 2013 Eaglestone closed a third PV Project in South Africa

In total the 3 projects combined represent an investment of USD 830 million

Nov 2012

May 2013

Gigawatt Project Financial Adviser on the closing of a 100MW Gas Fire Power Plant in Mozambique. The renowned

magazine World Finance awarded the project with the 2014 Natural Gas Deal of the YearJun 2014

Release of Research Reports and Newsletters

Eaglestone Business Intelligence & Research unit has released 3research reports (Angolan Banking Sector – Jul 13, AngolanDiamonds – Oct 13, Angolan Economy – Nov 13)

Eaglestone distributes bi-monthly since August 2013 its newsletterto almost a thousand corporate contacts including all the membersof the South African Chamber of Commerce

Jul 2013

Oct 2013

Nov 2013

Grant Broker License Broker License granted by the Comissão do Mercado de Capitais in Angola (4 months after application)Nov 2013

Increase in Kensani Capital increase from 50.0% to 77.25% of Kensani Advisory – renamed Eaglestone Capital AdvisoryOct 2013

Release of Research Reports

Eaglestone Business Intelligence & Research unit has released a:

Research report on the Telecom Sector in Angola.

Research report on Mozambique’s Economy

May 2014

M&A Project Financial Adviser on the closing of the selling of an Oil Block in St. Tomé e PrincipeJul 2014

Release of Research Reports

Eaglestone Business Intelligence & Research unit has released a: Research report on the Food Retail Sector in Angola. Research report on the Angolan Banking Sector (Update)

Sept 2014

Award The New Economy magazine awarded Eaglestone the 2014 Best Investment Advisory & Private

Equity Firm Sub-Saharan AfricaDec 2014

Page 10: Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

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Eaglestone Key Transactions and Awards

Key Transactions

Awards

The New Economy magazine awarded Eaglestone the 2014 BestInvestment Advisory & Private Equity Firm Sub-Saharan Africa Award

Eaglestone acted as financial adviser on the two 75 megawatt (“MW”)solar photovoltaic (“PV”) projects in South Africa which achievedfinancial close in November 2012

The Lesedi and Letsatsi projects achieved financial close in November2012 and jointly cost approximately ZAR 5.15bn, or USD 594m, makingthis a significant project finance transaction completed in South Africa

The Project Finance International magazine, a renowned publication,awarded the Lesedi & Letsatsi Solar Power Projects the 2012 AfricanRenewables Deal of the Year Award

During May 2013, Eaglestone successfully closed the Jasper PowerCompany, a 96 MWDC solar PV project awarded Preferred Bidder statusin the second bid window of the REIPPPP

During May 2014, Eaglestone also successfully closed the 100 MWGigawatt gas-fired power station located in Ressano Garcia,Mozambique

World Finance awarded the Gigawatt project the 2014 Natural GasProject Finance Deal of the Year

During August 2014, financial close was achieved on the sale of the 140MW Roggeveld wind energy project

In February 2015, Eaglestone was successful in closing the 88 MW NojoliWind Farm, one of the Round 3 REIPPPP projects

Page 11: Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

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SECTION 2

Eaglestone Advisory

Page 12: Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

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Value added advisory

targeting complex projects

focusing on Structured &

Corporate Finance and backed

by the international experience

developed by the Management

Team

Eaglestone’s advisory business

provides high-quality,

independent advice and

execution capabilities in

connection with Structured

and Corporate Finance,

Mergers and Acquisitions,

Strategic Advisory, Financial

Restructuring, Public Private

Partnerships and Government

related services

ADVISORY SERVICES

STRUCTURED FINANCE

Advises companies and governments on structuring and raising financing on a non or limited

recourse basis through project finance/ other structured finance structures

Scope of Services

Advisory – At a Glance

Advisory Business

CORPORATE FINANCE

Advises companies on aspects of Corporate Finance through capital allocation, raising and

structuring finance

MERGERS & ACQUISITIONS

Advises companies and investors on acquisitions, divestments, mergers and shareholders’

arrangements

STRATEGIC ADVISORY

Advises companies on developing business plans and on corporate restructuring requiring

specialized analytical or structuring expertise

FINANCIAL RESTRUCTURING

Advises parties on turnaround, distressed and bankruptcy situations

PUBLIC PRIVATE PARTNERSHIPS

Advises private or public sector clients in implementing projects through PPPs

GOVERNMENT SERVICES

Advises Government agencies on policy, strategic and financial decisions

Page 13: Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

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Advisory – Key Distinctive Factors

ProvenTrack-Record

EAGLESTONE ADVISORY has a top quality team with a proven deal closing track record in Africa1

Market Recognition

EAGLESTONE ADVISORY is already recognised in the market as a leading financial adviser. In 2012 it was

awarded with the African Renewable Deal of the Year 2012 by Project Finance International magazine

and in 2014 it was awarded with the Natural Gas Deal of the Year 2014 by World Finance magazine

2

Geographical Focus

EAGLESTONE ADVISORY has a clear geographical focus in the Sub-Saharan Africa which enables to

differentiate it from generic advisers and be recognised as an expert for transactions located in the region3

Teams in theGround

EAGLESTONE ADVISORY has local teams with local intelligence and not dependent on flying in and flying

out approach. Our dedicated professionals can therefore provide clients with in-depth expertise in

various sectors and services

4

Access to KeyFinancial Centres

Through the EAGLESTONE network, EAGLESTONE ADVISORY has access to financial centres such as

London and New York providing business opportunities and valuable network for our existing clients5

Internal Research Team

The internal research capability within EAGLESTONE provides unique insight into sectors and countries

creating opportunities and enabling differentiation from competitors6

Page 14: Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

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Advisory – Closed Transactions

Jasper 75 MW

Solar PV

Project Finance

Advisory & Debt

Raising

2013

Lesedi 75 MW

Solar PV

Project Finance

Advisory & Debt

Raising

2012

South Africa

Letsatsi 75 MW

Solar PV

Project Finance

Advisory & Debt

Raising

2012

Nojoti Wind

Farm 88 MW

Project Finance

Advisory

2015

Roggeveld 140

MW Wind Farm

M&A

Advisory

2014

Witberg 78MW

Wind Farm

M&A

Advisory

2014

Angola

Fish Capture &

Processing

Company

Financial

Advisory & Debt

Raising2012

Food Retail

Company

Assistance with

ANIP, Financial

Advisory & Debt

Raising2013

Beer Joint

Venture

Company

Financial

Advisory

2012

Quick Service

Restaurants

Chain

Financial

Advisory & Debt

Raising2013

Oil & Gas

Offshore Block

M&A

Advisory

2014

Advertising

Company

M&A

Advisory

2013

Security Firms

M&A

Advisory

2013

Mozambique

Gigawatt 100

MW Gas Fired

Power Plant

Financial

Advisory & Debt

Raising2014

Health Unit

Nampula

Financial

Advisory

2013

Inhambane

Wind Farm

30MW

Project Finance

Advisory

2014

Other Geographies

Magazine

Publisher

M&A

Advisory(Portugal & Brazil)

2013

Aquaculture

Project

Financial

Advisory(Portugal)

2012

Luxury Goods

Company

M&A

Advisory(Portugal)

2012

Lodging

Company

M&A and Debt

Restructuring

Advisory

2012

Western

Road

Concession

Independent

Expert Review(Portugal)

2014

Entertainment

Company

M&A

Advisory(Portugal)

2012

Medinfar

Financial

Advisory(Portugal)

2013

Page 15: Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

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Advisory – Ongoing Assignment

Other Geographies(Ongoing: 6)

Mozambique

Equipment

Company

Debt Raising

Ongoing

Rwanda 15 MW

Solar PV

Project Finance

Advisory & Debt

Raising

Ongoing

2012

Pan African

Travel

Management

Company

Equity Raising

Ongoing

Uganda 10 MW

Wind Farm

Project Finance

Advisory & Debt

Raising

Ongoing

3 Mini Hydro

Power Plants

Project Finance

Advisory &

Equity/Debt

Raising Ongoing

Power Projects

Development

by intl’s IPPs

Financial

Advisory

Ongoing

Mozambique(Ongoing: 8)

Kay Center

Office Building

in Maputo CBD

Debt

Raising

Ongoing

Hotel

Development in

Ghana

Equity & Debt

Raising

Ongoing

Bank Real

Estate Assets

Sale &

Leaseback

Advisory

Ongoing

Shopping

Center in

Maputo

M&A

Advisory

Ongoing

Chókwe 120

MW Gas Fired

Power Plant

Financial

Advisory & Debt

RaisingOngoing

Matola 100 MW

Solar PV

Project Finance

Advisory &

Equity/Debt

Ongoing

South Africa(Ongoing: 23)

Angola(Ongoing: 8)

Salt Production

Plant

Financial

Advisory & Debt

Raising

Ongoing

Beverage

Production

Company

M&A Advisory

Ongoing

Sky

Fashion

Financial

Advisory

Ongoing

Commercial

Bank

M&A Advisory

Ongoing

Sky Gallery

Mix Brand

Financial Advisory

& Debt Raising

Ongoing

Construction

Materials

Company

Debt Raising

Ongoing

Agribusiness

Company

M&A

Advisory

Ongoing

Retail Real

Estate Asset

Sale &

Leaseback

Advisory

Ongoing

Ongoing

Rep. of Gabon

Sovereign

Notes

Debt Raising

Ongoing

Road Project in

Ghana

Debt Raising

Ongoing

ACED De Aar 75

MW Solar PV

Project Finance

Advisory

Ongoing

Aggeneys 75

MW Solar PV

Project Finance

Advisory

Ongoing

Karusa 140 MW

Wind Farm

Project Finance

Advisory

Ongoing

Soetwater 140

MW Wind Farm

Project Finance

Advisory & Debt

Raising

Ongoing

Roggeveld 140

MW Wind Farm

Project Finance

Advisory

Ongoing

Redstone 100

MW CSP

Project Finance

Advisory

Ongoing

Mkuze 14.7 MW

Biomass Plant

Project Finance

Advisory

Ongoing

Dorp Street

Accommodation

PPP Project

Project Finance

Advisory

Ongoing

Page 16: Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

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SECTION 3

Eaglestone Asset Management

Page 17: Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

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Asset Management – Overview

ASSET MANAGEMENT

Eaglestone Asset Management (“EAM”), one of the business lines of Eaglestone Group, conducts an asset managementbusiness which is in the fund raising stage but which is attracting significant investors and partners’ interest. EAM plansto raise a series of private equity or other funds on an evolutionary basis and will also arrange club deals on a selectivebasis, generally in advance of the closing of a fund

All of the EAM funds will invest exclusively in Sub-Saharan Africa (“SSA”), frequently with a primary focus on Portuguesespeaking countries

At a Glance

EAM’s first fund will focus on the growing demand for infrastructure in the SSA region and is expected tohave a its first closing in the first half of 2016

Then Eaglestone expects to launch in 2017 a real estate fund, which is being preceded by club-deals in 2015and 2016, primarily focused in Angola and MozambiqueThe Initial

Funds

Presence on the ground is essential to conduct a successful private equity business, and our teams in Angola andMozambique give us a distinct competitive advantage in markets which are largely untapped for private equityinvestment but which are characterized by increasing investor interest

Eaglestone is also present in South Africa and will consider opening offices in other SSA countries if this is necessary forthe successful operation of the companies and funds.

Presence on the Ground

Phase 1

Phase 2

Eaglestone is analysing the launch of a general industry and consumer services fund due to the ongoingmarket demand and needs in Angola and Mozambique.

Eaglestone is also analyzing the opportunity of developing a natural resource fund for SSA and Europa

Page 18: Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

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Asset Management – Sub Saharan Africa Funds

The Africa Infra Plus Fund is a US$ 150 million (target) infrastructure fund focus on core infrastructure projects of less than US$150 million in size (“the missing middle”) in Sub-Saharan Africa (“SSA”) with a target blended IRR of 20%. The Fund is divided intosub-funds focusing on 1) Nigeria, 2) Mozambique and 3) other SSA countries.

The Fund’s target sectors are: power (including renewables), transportation and urban infrastructure in Nigeria, Mozambiqueand other SSA countries.

The Investment Adviser of the Fund is a 50/50 JV between the Sponsors DSC Investment Partners and EAM. DSC InvestmentPartners is an offshoot of DSC Group, a multi-billion emerging markets infrastructure company, with operations in West Africa.

Infrastructure & Energy Fund

Real Estate Fund/Club

Deals

EAM is actively promoting investments by local and international investors in real estate projects in Angola and Mozambique witha primary focus on office, retail and industrial/logistic projects.

EAM will pursue a strategy of commencing development on projects (with co-developers where appropriate) and then selling itsequity stake to another investor for whom we act as local investment manager (“club deals”).

EAM subsequent strategy is to launch a USD 100 million Real Estate Fund between the second half of 2016 and the beginning of2017.

Current Club Deals

Project Kay Center (Maputo / Mozambique)

Asset: Office complex - 50,000 m2

Location: Downtown (Maputo – MZ)

Promoter: Liberty Real Estate

Return: IRR >25%

Project JFS (Maputo / Mozambique)

Asset: Office complex - 17,200 m2

Location: Downtown (Maputo – MZ)

Promoter: JFS Real Estate

Return: IRR>25%

Page 19: Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

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SECTION 4

Eaglestone Capital Markets

Page 20: Corporate Presentation - Eaglestone · Corporate Presentation November 2015. 2 Content ... South African Bank Note Company, Petmin Mining, EdgoMerap (London), Haileys Energy Services

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Capital Markets – At a Glance

Eaglestone Securities takes

advantage of local presence in

Angola and Mozambique, to provide

innovative products to local players

Eaglestone Securities has in house

capacity to originate, structure and

distribute financial products, acting

as a reference player to provide

exposure to SSA frontier markets

Open access to Eaglestone Research

Reports, promoting Eaglestone as a

preferred entity to do business in

SSA

CAPITAL MARKETS SERVICES

PRIMARY DEBT CAPITAL MARKETS

Origination, Structuring and Placement of Bonds (Sovereign Bonds, Corporate Bonds, and

Commercial Paper, for both Cross Border or domestic markets

Scope of ServicesCapital Markets Business

PRIMARY EQUITY CAPITAL MARKETS

Origination, Structuring and Placement of Shares – IPO’s, Privatizations, Public Offerings,

targeting both Cross Border and domestic markets

BROKERAGE

Trading, clearance and custody of securities on behalf of Eaglestone Securities Clients.

PORTFOLIO MANAGEMENT

Managing a portfolio of financial assets on behalf of a Clients supported by a mandate

RESEARCH

Support capital market activity, provide valuable insight on countries, sectors or companies

in SSA and contribute for the brand awareness

STRUCTURED PRODUCTS

Develop and structure tailor-made products for investors (institutional, high profile or retail

clients) and corporate clients (FX, commodities, shares, bonds, derivatives)

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Capital Markets – Performance to Date

EAGLESTONE SECURITIES activities during 2014 were focused on (i) dinamization of the Capital Markets activity, (ii) Research and (iii) the application for a Brokerage company in Angola.

Set-up of the Angolan Team

EAGLESTONE SECURITIES ANGOLA has been developing contacts with key players that will have a role in

the future stock exchange (regulators, banks, pension funds, issuers).

Two proposals were sent, and some leads are being pursued.

Set-up of the Nigeria Team

The one person team initiated the activity in June 2015 and is providing to EAGLESTONE SECURITIES the

capability to structure and place local products in international markets. Currently, Eaglestone has

secured mandates to structure capital markets deals on a total amount that exceeds US$ 1.4 Billion in

Ghana and Gabon and is pursuing leads in other Sub-Saharan countries.

Regulatory Approval

The regulatory approval for the incorporation of a Broker in Angola allows EAGLESTONE SECURITIES to

have a leading role in the development of the market. We are currently in the process of registering the

company.

Research

EAGLESTONE has been recognized by the quality of the Research produced by the team during 2014.

The Research team has produced several research notes covering Macroeconomics and economic

sectors such as Banking, Telecommunications and Retail.

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Capital Markets

Eaglestone Business Intelligence & Research focus on the development of a Regular publication of research notes across several countries.The team released (in 2013) 3 research reports (for Angola) and (in 2014) 4 research report (for Angolan and Mozambique), which presenta sector/country description and development prospects. In addition, this unit distributes bi-monthly newsletters (Inside Africa) to almosta thousand corporate contacts

Angolan Banking SectorJuly 2013

Angolan DiamondsOctober 2013

Angolan EconomyMarch 2015

NewslettersBi-monthly

Angolan Telecom SectorMay 2014

Mozambique EconomyMay 2015

ResearchStrategy and future Sectors

Telecom Report

Banking Report

Infrastructure Report

Retail Report

Diamond Report

Angola

Country Report

Banking Report

Telecom Report

Infrastructure / Energy Report

Mining Report

MozambiqueAngolan Banking Sector

September 2014

Angolan Retail SectorSeptember 2014

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SECTION 5

The Team

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Current team comprises 38 professionals spread through Cape Town/Johannesburg, Amsterdam, London, Lisbon, Luanda and Maputo

Lisbon

Cape Town / Johannesburg

Lagos

Nuno GilFounding

Partner

Luís RebeloExecutive Director

Caroline FerreiraBusiness

Intelligence Manager

Tiago DionísioAssistant Director

Eaglestone Team by Geography

Luanda

Pedro NetoCEO &

Founding Partner

Maputo

Vasco GueifãoManaging

Director

Tânia DinisAnalyst

Egideo LeiteManagingDirector

Guido SantosAssistant Manager

Tiago SantosAssistant Director

Pedro V. DominguesManaging Director

Coenraad KrigeManaging

Director

K. GovenderAssistant Director

Blaine FosterManager

Andrew FeaseyManager

Jessica BazleyExecutive

Jaimie JefthaExecutive

António PintoAssistant Director

Koosum KalyanAdvisory Board

Director

Brett BothaDirector

Brice BeumoManaging

Director

Senior Country Officer

Fábio CamposAssistant Director

Carla BettencourtAssistant Manager

Nelson MangueiraAssistant Manager

Yasthira RamdeneeExecutive

Kelsey ClarkExecutive

London

Francisco RamirezGeneral Counsel

Asset Management

Alan ApterCFO

Ana CorvalanManaging

Director

The Netherlands Senior Country Officer

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Current team comprises 30 professionals assigned to Eaglestone’s 3 business units, plus 7 office staff and 1 IT team support

António PintoAssistant Director

Luís RebeloExecutive Director

Jessica BazleyExecutive

Jaimie JefthaExecutive

Fábio CamposAssistant Director

Francisco RamirezGeneral Counsel

Tânia DinisAnalyst

Eaglestone Team by Business Unit

Brice Beumo Managing Director

Egideo LeiteManaging Director

Krayvasan GovenderAssistant Director

Blaine FosterManager

Andrew FeaseyManager

Tiago SantosAssistant Director

Brett BothaDirector

Caroline FerreiraBusiness Intel. Manager

Tiago DionísioAssistant Director

Carla BettencourtAssistant Manager

Guido SantosAssistant Manager

Nelson MangueiraAssistant Manager

Yasthira RamdeneeExecutive

Pedro V. DominguesManaging Director

Kelsey ClarkExecutive

Pedro NetoCEO &

Founding Partner

Koosum KalyanAdvisory Board Director

Nuno GilFounding Partner

Alan ApterCFO

Vasco GueifãoManaging Director

Coenraad KrigeManaging Director

ADVISORY BOARD

Ana CorvalanManaging Director

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Alan Apter – CFOTel +44 2070 386 246Mobile +44 7702 498 333Fax +44 2070 386 [email protected]

London

Contacts

Pedro Neto – CEO & Founding PartnerTel +244 222 723 951Mobile (PT) +351 916 157 078Mobile (UK) +44 780 935 1265Mobile (AO) +244 929 109 053Fax +244 222 443 [email protected]

LuandaLondon

Nuno Gil – Founding PartnerTel +351 211 214 406Mobile (PT) +351 962 738 562Mobile (SA) +27 769 828 597Fax +351 212 124 [email protected]

LisbonCape Town

Coenraad Krige – Managing DirectorTel +27 216 740 304Mobile +27 824 402 554Fax +27 872 333 [email protected]

Cape Town

Brett Botha – DirectorTel +27 11 684 2822 Mobile + 27 83 677 1910

[email protected]

Johannesburg

Eaglestone Website: http://www.eaglestone.eu

Vasco Gueifão – Managing DirectorTel +258 21 342 811Mobile +258 844 104 271Fax +258 21 342 [email protected]

Maputo

Brice Beuno – Managing DirectorMobile (NG) +234 816 703 3159 Mobile (UK) +44 78002 868 312Fax N.A. [email protected]

Lagos

Pedro Domingues – Managing DirectorMobile (AO) +244 929 155 699Mobile (PT) +351 911 751 629Fax +244 222 443 [email protected]

Luanda