EBRD Agribusiness April 2018 OFFICIAL USE

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1 EBRD Agribusiness April 2018

2 Agribusiness at the EBRD 11.4bn invested through 666 projects since 1991 Active portfolio of 220 projects or 3.2 billion 2017: 806 million invested through 60 projects

3 Financing the entire food chain Consumers Seeds Fertiliser Farm machinery Agricultural chemicals Bio-tech Distributors Agricultural Inputs Grains Oilseeds Livestock Poultry Dairy Fish Horticulture Produce Production Crushers (sunflower, soya bean) Millers Grain handling Produce market Primary Processing Food Processors Meat Bakery Snacks Beverages Frozen foods Fish Pet food Packaging Production Glass bottles and jars PET bottles Cans Carton containers Food Service Distribution Restaurants Supermarkets Institutions Distributors

4 2017 Agribusiness Investments 2017 Annual Business Investments Equity share of active portfolio Central Asia 11% South-eastern Europe 13% SEMED* 6% Central Europe & Baltics 11% Eastern Europe & Caucasus 33% Turkey 26% *Southern and Eastern Mediterranean: Egypt, Jordan, Lebanon, Morocco, Tunisia, West Bank/Gaza Food manufacturing 32% Beverage manufacturing 27% Food retail 19% Commodity trading 19% Primary agriculture 2% Equity 19% Debt 81%

5 Who we are 60 professionals 27 nationalities The Agribusiness team works on 40% of the projects in the EBRD s corporate sector portfolio

6 Select agribusiness clients and partners

7 Agribusiness Advisory Financial and technical support to agribusinesses, based on the Bank s strong links with the private sector and successful cooperation with governments and other IFIs Advisory projects include: Preparation of investment projects Sector studies and market analysis Capacity building and training across sectors and one-on-one with companies Public-private working groups to discuss and improve policy transparency

8 Kesko Financing expansion of the leading food retailer in the Baltics Project Summary Signed in 2001 Kesko is the leading food retailer in Finland with complimentary operations in home and speciality goods, builders supplies, agriculture and machinery sectors. The EBRD provided a syndicated loan of 61.3m and equity financing of 6.7m to finance an expansion of primarily the food retail businesses in Estonia and Latvia through the acquisition and development of retail properties and the financing of retail operations. The EBRD s investment helped to modernise Baltic retailing sector, which benefited to producers of local goods and consumers alike.

9 Fazer Financing modernisation and production efficiency of new acquisitions Project Summary Signed in 2011 Hlebny Dom is the Russian subsidiary of Fazer Group, a leading Nordic bakery and confectionery group EBRD provided a Rouble loan equivalent to 25m to refinance loans used for the expansion of the Fazer bakery business in Russia. The loan supported the development of the modern bakery industry in Russia by supporting operations that produce good quality, high standard, well-packaged bakery products.

10 Huhtamaki An example for a local currency loan in Russia Project Summary Signed in 2010 Huhtamaki is one of the world s largest consumer packaging groups based in Finland and listed on the Helsinki exchange. The project helped to establish a plastic and paper consumer packaging plant near Moscow in 2002 and upgrade in The EBRD provided a 15m multi-currency loan in RUB, USD, EUR.

11 FoodMaster (Lactalis) Financing expansion of the leading dairy group in Kazakhstan Project Summary Signed in 2016 FoodMaster is one of the leading dairy producers in Kazakhstan and an affiliate of Lactalis, the leading dairy products group in the world. The EBRD will provide a loan of up to 15m equivalent in Kazakh Tenge to finance capital expenditures in its dairy processing plants and dairy farms. The project will enable FoodMaster to increase the output and quality of locally-produced dairy products in line with the best international practices. In addition to the financing, together with the Food and Agriculture Organization of the United Nations (FAO), the EBRD has initiated a technical cooperation programme with the private sector to improve milk production and collection, thus boosting milk supply and product quality in Kazakhstan.

12 Tiryaki Agro Investment in a commodities processor and trader Project Summary Tiryaki Agro is a large agricultural commodities processor and trader (mainly pulses, grains, nuts, oilseeds and organic products). The Company grew in the last 6-7 years from being a strictly Turkish-regional to a sizable domestic and international player in the CIS and SEMED region. The EBRD financed 3 projects: US $50m participation in a 3-year US $125m (pre-ebrd) syndicated WC facility organized by RBS in March 2011 an equity subscription of US $25m into newly issued shares US $46.5m participation in a new 3-year syndicated WC facility in the amount of US $250m, arranged by ABN Amro, replacing the initial syndicated facility by RBS at maturity in March 2014

13 Contacts Name: Andrius Matiuchinas Title: Principal Banker, Agribusiness Tel: EBRD, One Exchange Square London, EC2A 2JN United Kingdom 21