Financial instruments from theory to practice j. seneze

Société du Grand ParisTen-T days 2015

23 June, Riga

Julien SENEZE, CFO

1

<

Greater Paris: the largest metropolis in Europe

2

11.7 million inhabitants

5.7 million jobs

3<

Grand Paris Express metro

4<

From the monocentric city…

5<

… to the multipolar metropolis

6<

• ~ € 25 billion investment

• 4 new lines and 2 extended existing lines

• 68 stations with a key role in urban strategy

• Over 200 km of new fully automatic metro lines, 80% underground

• Up to 3 million passengers per day

• Over 60 km per hour of average speed. Up to one train every 90 seconds

• Less cars on the road : Over 15% of the people using the future metro would have been car users

• Connections with almost every existing train and metro lines

• Connection to 3 international airports and international rail

• Fully built by 2030

Grand Paris Express key figures

7<

SGP: a dedicated company with adapted skills

• Building owner of Grand Paris Express, in charge of designing, making and financing the network

• A state-owned company

• A governance that emphasizes political consensus with a supervisory board, an executive board and a strategic committee

• One steering committee for each and every station

• Partnership with every key player involved in the Grand Paris project

8<

Société du Grand Paris - Financing

• Long-lasting revenues to cover annual debt repayments – up to ~ €30bn

• Dedicated fiscal revenues each year• Usage fees• Commercial revenues in the stations

• Funding from the State and local authorities

• European Grant application submitted

TITRE DE LA PRÉSENTATIONCe document est la propriété de la Société du Grand Paris. Toute diffusion ou reproduction intégrale ou partielle faite sans l’autorisation préalable et écrite de la Société du Grand Paris est interdite.

CONFIDENTIALITÉ<

Grand Paris Express financing

Redemption of loan + interest

Design and productionInfrastructure ofGrand Paris Express

Metro commissioning

Earmarked taxes

Loans(EIB, CDC,

bonds)

Royalties

Additional revenue (advertising, shops, …)

Government grants

+ European grant

C1TITRE DE LA PRÉSENTATIONCe document est la propriété de la Société du Grand Paris. Toute diffusion ou reproduction intégrale ou partielle faite sans l’autorisation préalable et écrite de la Société du Grand Paris est interdite.

CONFIDENTIALITÉ10<

Loans

• First loans to be signed Summer 2015• EIB: €1bn • Caisse des Dépôts: €1bn

• Rating to come in 2016• A large playground for years to come

Application for a European grant (TEN-T CEF)

• Feb 2015: Application filed to INEA• Relates to connection to airports (Roissy, Orly, Le Bourget) and international rail (Gare de Lyon, Massy TGV)• Circa €32M• Grand Paris Express: a topical urban node project

Société du Grand ParisTen-T days 2015

23 June, Riga

Julien SENEZE, CFO

11