Export Development Canada Your Financial Partner

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Export Development CanadaYour Financial Partner
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EDC Facilitating Canadian Trade

• EDC (Export Development Canada) is Canadas
  official export credit agency (ECA). Its mandate
  is to support export and foreign investment.
• Founded in 1944, EDC is a Crown Corporation that
  operates as a commercial financial institution
• EDC is AAA rated by Moodys and Standard Poors
  and is financially self-sustaining
• Our services include
• Financing
• Accounts Receivable Insurance
• Contract Insurance Bonding
• Political Risk Insurance
• Today, we are open for business in over 175
  countries including 153 developing markets

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The Extractive Industries Team

• EDC has recently restructured. Six new industry
  sector teams were introduced, including the
  Extractive Industries Team
• Extractive Industries includes
• Mining
• Oil Gas
• Pipeline
• Base Metal Production
• Fertilizers Petrochemicals

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2007 Volume - Mining (CAD)

• Financing 834 million
• Political Risk Insurance 1.9 billion
• Accounts Receivable Insurance 6.4 billion
• Contract Insurance Bonding 32 million
• TOTAL 9.16 billion

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EDC Financing Services

• EDC helps Canadian companies and their Foreign
  buyers to arrange
• Corporate Revolvers
• Bilateral Facilities
• Acquisition Facilities
• Bridge or Term Loans
• Syndicated Facilities
• Highly Structured/Project Finance Facilities

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Project Finance Expertise

• EDC helps Canadian companies
• Conduct Financial Analysis
• Structure deals
• Negotiate/Develop Project Term Sheets
• Assess Technical Risks
• Underwrite and Syndicate
• Draft and Negotiate Loan Documentation

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EDC Political Risk Insurance

• EDC helps Canadian companies invest overseas
• Assessing Political Risks
• Underwriting Equity Policies
• Underwriting Debt Policies
• Arranging Private Sector Insurance
• (Lloyds, Sovereign, Zurich, AIG)
• Arranging Public Sector Insurance
• (OPIC, ECGD, OND, EFIC, MIGA)

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EDC Contract Insurance Bonding

• EDC helps Canadian exporters
• Offer competitive payment terms to their foreign
  buyers
• Arrange working capital and banking facilities
• Arrange bonds required by their foreign buyers
• Manage their foreign exchange risks

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EDC Accounts Receivable Insurance

• EDC helps Canadian exporters
• Offer competitive payment terms to their foreign
  buyers
• Arrange working capital and banking facilities to
  support their foreign contracts

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2008 Mining Pipeline for Africa

• EDC is currently considering in excess of 400
  million of Project Finance and Political Risk
  Insurance mining business in countries which
  include
• Democratic Republic of Congo
• Tanzania
• South Africa
• Eritrea
• Republic of Congo
• Algeria

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Extractive Industries 2006 Mining Transactions
USA Thompson Creek Metals Company Lender Senior
Secured Credit Facility
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Extractive Industries 2007 Mining Transactions
MEXICO Silver Wheaton Corp.
BRAZIL CVRD Lender
MEXICO Grupo IMSA, S.A. de C.V. Lender
RUSSIA SNC-Lavalin Engineer Constructors
Inc. Lender
ARGENTINA Ternium S.A.
BRAZIL Usiminas
BRAZIL Kinross Gold Corporation
USA Steel Dynamics
INDONESIA PT Pamapersada Nusantara
CHILE CODELCO
MADAGASCAR Ambatovy Nickel
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Oman Sohar Aluminium

• BUILDING ON EXPERIENCE
• Transaction Overview
• Development and construction of 350,000 tonne
  p.a. aluminium smelter associated power
  generation facilities
• Total project costs estimated at USD 2.4 billion
• Strong sponsorship from Alcan Inc., Oman Oil
  Company SAOC and the Abu Dhabi Electricity
  Authority (ADWEA)
• The project supports the Sultanate of Omans
  strategy of diversification of Omans economy
  away from primary hydrocarbon extraction and
  sales
• Project Challenges
• The tight financial structure incorporated novel
  elements in line with the aggressive bank market
  in the Middle East
• Intercreditor arrangements with Islamic Lenders,
  particularly with regard to security provisions.
• EDCs Contribution
• EDC was an initial Mandated Lead Arranger for the
  financing alongside Citibank, ABN Amro and SMBC
• EDCs early-stage commitment and substantial
  take-and-hold position significantly contributed
  to the successful syndication of the project

Sohar
EMEA Industrial - Oman
USD 1,500,000,000 Commercial Islamic Bank
Financing Mandated Lead Arranger
Project Finance International And PF
Magazine Deal of the Year 2005
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Tanzania - Bulyanhulu

• Transaction Overview
• Largest gold mine in Tanzania
• Project cost in excess of USD 400 million
• Barricks first major foray into Africa.
• Project Challenges
• First major project financing in Tanzania
• Bank requirement for full PRI in a challenging
  market
• Underwriting a strong project in an unstable
  region.
• EDCs Contribution
• Provided significant PRI capacity to meet
  financing requirements
• Acted as co-lead arranger and insurer to access
  multilateral and private sector support
• Played lead role in underwriting, due
  diligence, and policy negotiating and
  documentation.

Bulyanhulu Project Financing Political Risk
Insurance USD 234,000,000 Co-Lead Insurer
Arranger