Millennium investment banking. June 2015

Transcription

1 Millennium investment banking June 2015

2 Millennium investment banking Products and Services offered by Millennium investment banking Product Units Millennium investment banking offers a wide range of products and services Corporate Finance Structured Finance Capital Markets Debt Equity Millennium investment banking has experienced teams covering all vectors of financial advising in different geographies: evaluations, M&A, corporate and project funds sourcing, investment financing, syndicated loans, portfolio management, restructuring and loans consolidation, structuring, arranging and underwriting project finance, IPOs, ABB s, bonds, commercial paper and MTNs Millennium investment banking operates in the groups core markets, supported by Millennium local banks, branches, rep offices and cooperation agreements with relevant entities. 2

3 Corporate Finance Delivers financial advisory to: Corporate evaluations Mergers & Acquisitions Well established experience in Portugal and other core markets All economic and financial sectors activity Extensive contact network Seasoned, committed and multissetorial Corporate Finance team 3

4 Corporate Finance Energy & Gas Disposal of 50% of EDP Asia (100% participated by CEM) Disposal of 49% of EDPR Portugal 359 million Disposal of BIOVEGETAL Evaluation Evaluation Evaluation Disposal of 50% of Financial advising Propane Gas Sector Financial advising to the new regulatory framework for the gas sector in Portugal Disposal of 140 million Initial Public Offering 1,567 million Financial Advisor Enersis acquisition 1,150 million Financial advising to Magnum Capital Relax Wind Park acquisition Wind Park Portfolio (1,022 MW) Financial Advising 4

5 Corporate Finance Infrastructure & Construction Evaluation of Grupo Insitec (Mozambique) Capitalization process of CONSTRUÇÃO, SGPS 2013 Privatization of Evaluation of Public Acquisition Offer Shareholder capital rearrangement to Monte SGPS Acquisition of 50% of Monte Adriano SGPS / / Acquisition of a participation in Scutvias / Acquisition of a participation in CPE / 5

6 Corporate Finance Other Evaluation and Advisory Reinforcing Capital Disposal of Millennium Gestão de Activos Disposal of Millennium Bank (Greece) Evaluation Evaluation Dierre Ibérica / Testa & Cunhas Evaluation 2013 Disposal Evaluation of On the Shareholder capital Public Acquisition Offer Millennium Bank AS 15.5 million rearrangement launched by CSN (Turkey) Merger (Eletronics division) / / 6

7 Structured Finance Structured Finance operations involve analysis, structuring, proposal, organization and execution of medium and long term financing: Advisory to corporate and project funds sourcing Investment Financing Syndicated loans in different geographies Portfolio management Support to Millennium bcp commercial departments, monitoring, managing and restructuring large credit exposure Financial restructuring and loans consolidation 7

8 Structured Finance Revolving Credit Facility 3,150 million & Bookrunner EGF Restructuring 116 million Acquisition Finance 42.5 million & Agent Grupo Visabeira/ Vista Alegre Atlantis Restructuring 45 million & Agent Acquisition of Lusoponte participation 88.5 million Acquisition Finance Acquisition Finance Biomass Co-generation Plant Construction Syndicated Loan Properties and Olive Plant Acquisition 450 million 98 million USD 2,250 million 1,600 million Arranger PECÉM Bridge Loan 5* Tivoli Victoria Hotel Construction and Development Acquisition Finance Acquisition Carrefour Portugal Acquisition Finance USD 270 million 40 million 144 million 150 million USD 3,000 million 8

9 Millennium investment banking has a long standing experience and a strong track record in, leading projects in Portugal and abroad, in sectors ranging from motorways and large infrastructure to power and other utilities like renewable energies With industry focus and tailor made solutions, Millennium investment banking provides in-depth knowledge covering: Mib international awards European Toll Road Deal of the Year 2004 Brisal Europe Renewable Wind & Hydro Deal of the Year 2006 Enersis Porfolio Financing Infrastructure Journal Online EMEA Renewable Deal of the Year 2006 Enersis Global Energy Refinancing Magazine Advisory Structuring, Arranging and underwriting Portfolio management Global Portfolio Deal of the Year Global Deal of the Year Renewable Energy Project Financing of the Year Millennium investment banking team has extensive experience and led and participated in most of the big projects in Portugal since 1990 and abroad since 2004 PECEM 1 Latin American Power Deal of the Year Relax Wind Park I Best Sustainability Award 9

10 Pisco Wind farm Meroicinha II Wind farm Hammer Repowering Toll Road refinancing Relax Wind Park Wind Farm in Poland million 11.7 million 10 million million PLN 535 million Financial Advisor Refinancing of Road Concession 100 million Mandated 66.7 million Financial Advisor, MLA, Security Agent Wind Farm Portfolio funding 476 million PECÉM I Coal Plant BRL 1,410 million USD 327 million Tychowo Wind Farm PLN 290 million 58 million Wind Farm Portugal 1,062 million Motorway Concession 763 million PECÉM Bridge Loan USD 270 million Toll Road 1,201 million Financial Advisor & Lead Arranger CCGT 558 million 10

11 Global Refinance Additional Facilities Germany, Australia, Spain, and USA 1,030 million MLA & Joint Bookrunner Wind Park financing 325 million Auction for tunnel concession 469 milion Financial Advisor Refinancing of Wind Portfolio 235 million Motorway concession 746 million Financial Advisor & 2006 Submerged tunnel in Salonica, Greece 456 million 2006 Construction of Container Terminal in Gdansk, Poland 100 million Arranger 2006 Coal Fired Power Plant 646 milion 2006 Urban Solid Waste 178 million 2005 Auction for shadow toll motorway 469 million Financial Advisor & 2006 Motorway concession 575 million Financial Advisor & 2004 LNG Terminal 219 million Co-Arranger 2001 Aluminum Smelter in Maputo, Mozambique USD 150 million (ECA backed) Co-arranger 2001 Coal Fired Power Plant 1,600 million MW CCGT 557 million

12 Capital Markets Equity Leadership in capital markets equity segment Market recognition by the most prestigious international institutions through several awards granted, including the global coordination of the most internationally awarded Portuguese equity offering (Brisa 2) Proven capabilities and expertise in structuring and executing equity offerings: Leader of the largest Portuguese equity transactions Global Coordination of most of the Portuguese privatizations Sole Lead Manager of the largest combined acquisition tender offer ever executed in Portugal (which included a capital increase of ca. 4 billion) Sole Lead Manager of the first mandatory convertible securities ever issued in Portugal Capital BCP 2005 Execution of equity placements through accelerated bookbuildings Rights issue coordinator of Millennium bcp 2.2 billion rights issue executed in, the largest transaction of its kind ever executed in Portugal Advisory in takeover transactions 12

13 Capital Markets - Equity Accelerated Bookbuilding Capital Increase Rights Issue Accelerated Bookbuilding Accelerated Bookbuilding IPO IPO 249 million 112 million 2,242 million 303 million million million 579 million 2015 Coordinator Co leader Co leader 2013 Rights Issue Acquisition Tender Offer Acquisition Tender Offer Capital Increase Combined Offer Capital Increase Preferred Shares Rights Issue Public Exchange Offer 132 million shares 500 milion 705 million 4.3 million 1,370 million 54.2 million 18 million Joint Organisation and Structuring INVESTIFINO Acquisition Tender Offer Rights Issue Acquisition Tender Offer IPO Privatisation & IPO Rights Issue Rights Issue 25.9 milion Joint 11.9 million Joint 1,567 million Joint million & Bookrunner 1,083 milion Coordinator 16.8 million Lead Manager million 13

14 Capital Markets Debt Millennium investment banking distinctive offer: Public and private bond offers Commercial Paper Programs Solid know how of the Portuguese corporate segment together with a close relationship with issuers Extensive and segmented base of customers (issuers and investors) allows differentiated and innovative solutions Dealer of MTN programs from national blue chips (Brisa, Cimpor, EDP, REN and Millennium bcp) With international activity: Prominent role in the international debt market with foreign bond issue placements to Portuguese investors and local bond issues to international investors Proactive sales force together with excellent networking with Portuguese, European and other international institutional investors, potentiates bond issues placement capacity 14

15 Capital Markets - Debt 2.5% Senior Notes 2025 Brisa Concessão Rodoviária 1.875% Notes 2025 Bond Issue Public Offer 3% Senior Notes % Bond Issue % Senior Notes milion 300 milion 20 milion 500 milion 300 milion 500 milion 2015 Joint Bookrunner 2015 Joint Bookrunner 3.375% Senior Notes milion 2.625% Senior Notes ,000 milion Grupo Teixeira Duarte Commercial Paper Program 55 milion Organisation and Structuring Impresa Publishing Commercial Paper Program 11 milion Organisation and Structuring EDP FINANCE B. V % Notes milion Joint Bookrunner Celbi Commercial Paper Program 100 milion Organisation and Structuring NabeiroGest Commercial Paper Program 10 milion Grupo Barraqueiro Commercial Paper Program 10 milion BA Vidro Commercial Paper Program 10 milion Bond Issue Public Offer 45 milion Bond Issue milion Bond Issue Public Offer 175 milion Organisation and Structuring Organisation and Structuring Organisation and Structuring Joint Bookrunner Joint Lead Manager Joint Bookrunner