Presentation about National Managing Holding “Baiterek” JSC Astana Holding’s Strategy 2014-2023 Mission to promote sustainable economic development of Kazakhstan through funding and support of priority sectors of the economy for implementation of public policy and State programs, finding solutions for socially-oriented tasks and reaching goals set by the “Strategy 2050” Vision by 2023 the main financial agent of the Government of the Republic of Kazakhstan that supports diversification, modernization and sustainable development of the economy and provides solutions for socially-oriented tasks of the state The main goals and objectives 1. Provision of full range of financing instruments 2. Support of small and medium enterprises 3. Support of new, modern economic sectors and innovation development of the economy 4. Support of export activities of national companies 5. Support and promotion of affordable housing 2 About Holding Strengths • International rating agency Fitch Ratings and S&P has assigned Baiterek Holding long-term credit rating “BBB+” • Wide range of non-financial and financial instruments • Experience in investing to large and long-term projects in a wide range of industries • Experience in supporting SMEs • • • Experience of successful cooperation with international financial institutions Possibility to attract funding from government budget Board of Directors includes key government officials and is chaired by the Prime Minister of Kazakhstan 3 Board of directors Chairman of the board, Prime-Minister Karim Massimov First deputy primeminister Bakhytzhan Sagintayev Minister of finance Bakhyt Sultanov Minister of investment and development Asset Issekeshev Minister of national economy Yerbolat Dossaev Chairman Kuandyk Bishimbayev Independent director Klaus Mangold Independent director Thomas Mirow Independent director Philip Yeo Head of Department in Executive office of the President Daulet Yergozhin 4 Baiterek Holding’s group of companies Development Bank of Kazakhstan JSC Investment sector Kazyna Capital Management JSC Investment Fund of Kazakhstan JSC Public Private Partnership Advisory Center LLP National Agency of Technological Development JSC Entrepreneurship & Innovation sectors Export Credit Insurance Corporation JSC Entrepreneurship Development Fund “Damu” JSC House construction savings bank of Kazakhstan JSC Housing sector Kazakhstan Mortgage Company MO JSC 2010-2014 State Program for accelerated industrial and innovative development of the Republic of Kazakhstan Business Road Map – 2020 Program Affordable Housing – 2020 Program Mortgage Guarantee Fund of Kazakhstan JSC Distressed assets fund JSC 5 Holding’s results on 30.06.2014 Holding’s share capital Total number of employees of Holding group Total assets of Holding’s subsidiaries Total net profit of Holding’s subsidiaries 722 2427 2 116 12 bln. tenge* people* bln. tenge* bln. tenge* Holding's assets structure in 2013* Development Bank of Kazakhstan JSC 0,2% Kazyna Capital Management JSC 8% Investment Fund of Kazakhstan JSC Public Private Partnership Advisory Center LLP 18% National Agency of Technological Development JSC 52.6% 3% 9% 1% 2% 0% Export Credit Insurance Corporation JSC Entrepreneurship Development Fund “Damu” JSC Net profit in 2013 Net profit in 2014 7 12 bln. tenge bln. tenge Distressed assets fund JSC 4% 3% House construction savings bank of Kazakhstan JSC increase increase 5 bln.tenge Kazakhstan Mortgage Company MO JSC Mortgage Guarantee Fund of Kazakhstan JSC * Data from preliminary reports 6 Development Bank of Kazakhstan JSC (DBK) Establishment Established in 2001 with Presidential Decree and Law “On the Development Bank of Kazakhstan” Mandate Instruments Investment priorities Assisting the diversification of the economy of Kazakhstan Development of the infrastructure and industries involved in raw material processing Enhancing effectiveness of government investment activity Facilitating foreign and domestic investments into Kazakhstan Medium and long-term financing for Agent services for investment projects investment projects financed by the government or Leasing and trade finance government-guaranteed debt Project and working capital financing Metallurgy Chemicals and petrochemicals Transportation and logistics Construction and other manufacturing Electrical energy generation and transmission industries Loan portfolio to total assets ratio - 41% (at the beginning of the year - 34%) Interbank lending program In 2013 DBK approved and implemented Interbank lending program to support industrial-innovative development of Kazakhstan by providing lending to commercial banks to finance projects in priority sectors of economy Loans to DBK Allocate45 bln. tenge Commercial banks SME 0.5 to 4.5 bln. tenge Loan term up to 5 years Interest rate ≤ 11.5% (average market rate 13-15%) Currently 38 bln. tenge allocated to commercial banks under the program 7 Investment activity of DBK 2001-1HY 2014 246 projects (including DBK leasing) Launched $4,9 bln. DBK participation – $2,6 bln. Total work places 77 projects Approved for financing $14,5 bln. DBK participation – $7,8 bln. 23 thousands 2013 &1HY 2014 7 project & 3 export operations Launched (equipment delivered) $696 mln. Total work places 5 projects Approved for financing $1,8 bln. DBK participation – $912 mln. ~700 From the beginning of realization of SPAIID 2010-1HY 2014 Map of Industrialization & Productivity 2020 Program 30 projects & 12 leasing operations Approved for financing $8,6 bln. DBK participation – $4,7 bln. Titan Fuel and Energy Complex Costs : $1,1 mln. Euras Caspian Steel Costs : $131 mln. 31 projects (including DBK leasing) Launched $2,9 bln. ~11 thousands Total work places Munaimash Costs : $10 mln. Borovoe Tourism City Costs: $89 mln. Agromashholding Costs :$40 mln. Uralsk Gas Turbine station Costs: $69 mln. Agromashholding Costs: $25 mln. Bias Tech Costs:$21 mln. Atyrau Oil Refinery Plant Costs: $2 956 mln. Kazakhstan Petrochemical Industries Inc. Costs: $1 946 mln. Kazakhstan rail car manufacturing Company Costs : $56 mln. ABK MAXAT Costs:$20 mln. Steel Zinc Costs: $2,5 mln. Caustic Costs: $90 mln. Kazakhcement Costs : $130 mln. Steel Zinc Costs: $9 mln. SaryarkaAvtoProm Сумма проекта: $73,5 mln. Accent Logistics Costs: $27,4 mln. Kazakhstan Electrolysis Plant Costs : $1 080 mln. Karaganda Energocenter Costs: $235 mln. Ust-Kamenogorsk Titanium Magnesium Plant Costs : $135 mln. Asia Auto Costs: $2,6 mln. Maikuduk Poultry Factory Costs: $13 mln. Shygys Construction Management Costs : $3 mln. Akshabulak gas turbine power plant Costs: $129 mln. Moinak Hydroelectric Power Station Costs : $361 mln. Kentau Transformer Plant Costs: $5,6 mln. Zapchast Costs: $19,05 mln. Chimbulak Development Costs: $205.9 mln. Aktau International Airport Costs: $75 mln. Ontustyk Kurylys Service Costs: $6,6 mln. Taraz Metallurgical Plant Costs: $79 mln. Commissioned Implemented Productivity 2020 8 Investment fund of Kazakhstan JSC (IFK) Establishment established with the Decree of Government of the Republic of Kazakhstan dated May 30, 2003 № 501 "On creation of Investment Fund of Kazakhstan JSC” Main activities encouraging private investment in the non-oil sector of the economy through cofinancing investment projects and participation in the management of these project rehabilitation of distressed projects Invested more than 34 billion tenge in 36 projects since the establishment of the fund Returned assets worth 10.2 billion tenge Advantages of investing in the projects of IFK Entering the common market of a United Economic Area (UEA - Kazakhstan, Russia, and Belarus), with a population of around 170 million people Attractive investment climate in Kazakhstan. The Republic ranks a leading place in the region according to the ratings of investment attractiveness In the ranking of a favorable business environment (Doing Business 2013), Kazakhstan ranks in 49th place In the ranking of Forbes Best Countries for Business (2011), Kazakhstan ranks the 80th place According to the report of PricewaterhouseCoopers “Paying Taxes 2013”, Kazakhstan ranks the 17th place in the rating of a favorable tax climate Advices and assistance from highly qualified staff of professional managers of the Fund, experts in their field Please see attachment for full pipeline of the projects of the Investment Fund of Kazakhstan. Detailed information on any of the projects will be provided upon request 9 Kazyna Capital Management JSC (KCM) Establishment a fund of private equity funds established in May 2007 by the initiative of the President of the Republic of Kazakhstan to attract institutional investors, as well as to promote effective private equity in Kazakhstan Islamic Infrastructure Fund 226,5 млн. $ Baiterek Venture Fund Key parameters Target fund size Term ► ► ► Up to $ 50 million - at the first closing $ 100 million - a target capitalization ► Up to $500 million (may be increased up to $1 billion in the long-term) 10 years (5 years – investment period; 5 years – exit period) ► 10 - 15 years (10 years – investment period; 5 years – exit period) ► Kazakhstan and Customs Union countries ► KCM at the first closing Other international institutional investors Investment geography ► Kazakhstan Investors ► Kazyna Capital Management ► Target sectors ► ► Kazakhstan Infrastructure Fund Priority sectors of the State Program on Accelerated Industrial-Innovative Development (SPAIID) and projects at an early stage of development Projects requiring capital restructuring Projects requiring rehabilitation measures ► ► ► ► ► Power industry Health care Transport infrastructure Public utility 10 Entrepreneurship Development Fund “Damu” JSC Establishment Main activities established in accordance with the Decree of Government of the Republic of Kazakhstan dated April 26, 1997 № 665 in order to encourage the formation and growth of small businesses in Kazakhstan and increase efficiency of state funds allocated to support small businesses providing funds for lending to commercial banks loan guarantee and interest rate subsidies under the program “Business Road Map – 2020” skill-building and entrepreneurs support facilities by the program “Business Road Map – 2020” and own programs Fund-for-lending Interest rate subsidies Loan guarantee Skill-building 2013 & 1Q 2014 113 650 2 609 237 803 1 723 176 24 200 Accumulated results 793 807 14 902 735 600 3524 284 56 927 bln. tenge bln. tenge lenders lenders Service centers for entrepreneurs In 17 regional centers, Astana, Almaty mln. tenge mln. tenge entrepreneurs entrepreneurs entrepreneurs entrepreneurs entrepreneurs entrepreneurs Mobile entrepreneurship support centers Entrepreneurship support centers in monocities In 14 areas In 27 monocities 11 National Agency for Technological Development JSC (NATD) Establishment Main activities Established in 2003 as National Innovation Fund JSC In 2012 reorganized into the National Agency for Technological Development JSC under the Ministry of Industry and New Technologies of Kazakhstan Provision of innovation grants Provision of technological business incubation Investment support innovation projects Investments in innovative companies and venture funds Development of innovation infrastructure Development of technology transfer Analytical and expert support of innovation activities Promotion of innovation activities International cooperation 8 technological parks in 6 regions of 4 International centers for technology Kazakhstan transfer (CTT) Kazakh-French CTT 4 engineering design offices Kazakh-Korean CTT 21 offices and 2 centers of commercialization Kazakh-American CTT SEZ “Park of Innovation Technologies” Kazakh-Norwegian CTT Infrastructure Innovation support tools Innovation grants more than 2013 186 applications processed more than 2010-2013 1000 applications processed 44 projects approved 210 projects approved total amount 822.9 mln.tenge total amount 9 648 mln. tenge Technological business incubation more than 164 applications processed more than 600 applications processed 20 projects approved 116 projects approved total amount 307 mln.tenge total amount 971 mln. tenge 12 Public Private Partnership Advisory Center (PPP АС) Established on March 19, 2014 in accordance with the recommendation given in the framework of the third meeting of the Coordinating Council for Public-Private Partnership under the Government of the Republic of Kazakhstan, September 13, 2013 • Establishment Share-holders Mission Main activities • • National Managing Holding “Baiterek” JSC (share – 75%) Kazakhstan PPP Center JSC– under the Ministry of Economy and Budget Planning (share – 25%) • to support infrastructure development in the Republic of Kazakhstan by providing the advisory services during the implementation of infrastructure projects • • • Advisory support of infrastructure projects (including PPP) Preparation of feasibility studies of PPP projects Consulting the state bodies and potential investors on project structuring 13 Thank you for your attention! National Managing Holding “Baiterek” JSC Registered address: House 10, Orynbor street Current address: House 8, Block B, D.Kunayev street Astana, 010000 Republic of Kazakhstan Telephone: + 7 7172 91 91 00 Fax: + 7 7172 91 91 15 Email: [email protected] Web: www.baiterek.gov.kz
© Copyright 2024