The Ping An story Joe Ye TIAN, Deputy Managing Director, Ping An International Financial Leasing
Ping An International Financial Leasing Aviation Business Joe Ye TIAN Deputy Head of Aviation 19 th January 2016 2
CONTENTS 1. Ping An Group 2. Ping An Leasing 3. Aviation Business 3
1. Ping An Group - Background Founded in 1988, listed on Hong Kong and Shanghai stock exchanges. USD735bn trillion balance sheet ;246,000 staff, 798,000 insurance agents. The largest insurance group in terms of revenue in China Full series of financial services licenses(insurance, commercial banking, securities and investment banking, commodities, fund management, trust and leasing). 4
1. Ping An Group - Structure Ping An Insurance Group Insurance Banking Investment Ping An Life Ping An Property Ping An Annuity Ping An Health Ping An Hong Kong Ping An Bank Ping An Leasing Ping An Trust Ping An Securities Ping An AM Ping An Overseas Ping An AM (HK) Ping An-UOB Fund 5
1. Ping An Group - Highlights Largest non-state Owned Enterprise in China 1 of the 9 Global Systematically Important Insurance Institutions Ranked 34 th on Forbes Global 2000 Ranked 96 th on Fortune Global 100 One of the most successful internet financial service providers in China 6
2. Ping An Leasing Overview Founded in 2012, headquartered in Shanghai 700 staff, nationwide footprint Wholly-owned subsidiary and dedicated leasing business of Ping An Group USD11bn balance sheet (as of Sep. 2015) USD1.45 bn registered capital, one of the strongest leasing company in China 7
2. Ping An Leasing Business Strategy Focusing on high-growth sectors in China with highest market penetration in selected segments; Business synergies with Ping An Insurance Group; Aviation as the new strategic addition, bringing access to USD assets and global market. Manufacture Aviation Small Micro Finance Health Department Care Product Construction Business Development Energy and Metallurgy Factoring Comprehensive Finance Urban Development Institutional Finance Individual Finance 8
2. Ping An Leasing Aviation Business New Overseas Team Newly added business department since July 2015, following a two-year observation period to understand the market; First overseas office set up in Ireland, operated by locally-based full time staff Initial, core team joined from global leasing companies and airlines;a team of 15 professionals, and growing fast; Averaging more than ten years of industry experience per person 9
3. Ping An Aviation Structure Ping An Insurance Group 100% Ping An Leasing - Shanghai 100% Ping An Aircraft Leasing Company Limited - Ireland 10
3. Ping An Aviation Full Range Investment Sale and Lease Back Package Acquisition Aircraft Assets Short Term Mid Term Strategic Order and others Trading purpose Brand new or mid-life aircraft 2 to 3 year period New or near new aircraft Longer than 8 year lease More than 3 year period Long term investment Longer than 10 year lease Match long term capital 11
3. Ping An Aviation Target Airlines >15 >10 >15 Currently, we are focusing on establishing business relationship with about 40 airlines world wide. 12
3. Ping An Aviation Financing Strategy Own cash funding from Ping An Leasing and Ping An Group External Financing Asset backed nonrecourse financing Recourse financing Others JOLCO French Tax ABS Aircraft investment fund Internal Financing Structural Financing 13
3. Ping An Aviation Full in-house Function Financing And Treasury Marketing Acquisition Trading Aircraft Technical and Asset Management Legal and Contract Management 14
3. Ping An Aviation Key to Success First and Only aircraft lessor backed by insurance capital in China as well as Asia; Long-term committed, the best-fit type Of capital for aircraft leasing; Flexible and not risk-averse; strong risk management capability; Leverage full in-house capability to manage assets for institutional investors; Growing fast, running by professionals joining from global lessors and airlines; With a professional team, global focus and strong financial support, we target to be a World Class Well-Recognized Aircraft Lessor 15
3. Ping An Aviation Key Members Zheng Huang - Head of Aviation Over 24 years experience in investment bank and aircraft financing and leasing business; of which over 8 years experiences in BOC Aviation in Singapore. Joe Ye Tian - Deputy Head of Aviation Over 10 years experience in aircraft financing and leasing business with ORIX in Tokyo. Gareth Delany - Executive Director and Chief Technical Officer Over 17 years experience in technical and asset management business; of which 7 years in Lufthansa Technik and 10 years in ORIX, before joining Ping An, he was Senior Director, Head of Technical and Asset Management in ORIX Aviation in Dublin. 16
THANK YOU 17