Creating Value with Capital

Transcription

1 Creating Value with Capital Capital

2 LEADER IN THE DEVELOPMENT & DELIVERY OF LARGE-SCALE, COMPLEX P3 INFRASTRUCTURE PROJECTS RAISED OVER $12B OF PROJECT FINANCING IN THE PAST 10 YEARS Our success stems from delivering solutions that generate stable, long-term, reliable returns for both our clients and our partners. Who we are Capital is the investment, project financing and asset management arm of SNC-Lavalin. We develop projects, arrange financing, invest equity, undertake complex financial modelling and manage investments. Our clients rely on us to provide integrated turnkey solutions. Our experienced development and financing team works closely with our four key market sectors Infrastructure, Mining & Metallurgy, Oil & Gas and Power and with strategic partners, institutional investors and investment funds to promote growth opportunities. We leverage our expertise in engineering, procurement and construction (EPC), operations and maintenance (O&M), and project structuring to develop projects on a build-own-operate (BOO) basis for Power, Oil & Gas and Mining & Metallurgy. We are also a major player in developing infrastructure projects developed as public-private partnerships (P3s) in Canada. We provide new sources of development funding and equity by creating investment funds and strategic alliances with select financial partners. Together with our partners, we arrange and invest equity, and arrange debt to ensure full project financing. In the end, our success stems from delivering solutions that generate stable, long-term, reliable returns for both our clients and our partners. Our strengths: We structure innovative financing solutions and have the ability to provide development funding together with equity positions in our projects. We meet clients needs through various design-build-ownoperate models with other SNC-Lavalin sectors. We manage our multi-billion-dollar portfolio to increase its value while generating strong returns over time. We invest and manage long-term investors money alongside ours. $4.5B * INVESTMENT PORTFOLIO *Average Fair Market Value as per analysts calculations, as at September 11, New Champlain Bridge Corridor Project TURNKEY SOLUTIONS Credit: Infrastructure Canada SNC-Lavalin is a partner of the Signature on the Saint Lawrence consortium responsible for the design and construction, as well as operation and maintenance, of the New Champlain Bridge Corridor Project under a publicprivate partnership with the Government of Canada. 3

3 Canada Line Our clients and partners are at the heart of our strategy We are a partner of choice for P3s In Canada, we are a leader in the development and delivery of large, complex P3 infrastructure projects. Since 1999, through our longstanding equity participation in infrastructure assets, we have played an active role in shaping Canada s P3 landscape into one of the best managed and attractive markets of its kind. More than ever, delivering major capital projects in today s world requires solid partners as well as sound structuring and financing. We listen closely to understand your needs and concerns to develop an investment strategy and a project financing structure geared for success. Our goal is to create the best value for money through innovative infrastructure financing solutions. Recent awards Year Publication or Organization Category Project 2016 Infrastructure Investor magazine North America P3 Deal of the Year Award New Champlain Bridge Corridor Project 2016 P3 Bulletin Silver award for Best Transit and Aviation Project Eglinton Crosstown LRT 2016 P3 Bulletin Gold award for Best Road/Bridge/Tunnel Project New Champlain Bridge Corridor Project 2015 P3 Bulletin Best Waste/Energy/Water Project Judges Award for Projects Grand Prix Replacement Project Our integrated model 2015 Canadian Council for Public-Private Partnerships (CCPPP) Gold Award for Effective Procurement New Champlain Bridge Corridor Project Our clients are increasingly looking at procurement models that better suit how they manage their own risks and balance sheets. We are one of the few end-to-end solution providers with world-class expertise at scale in financing & asset management, engineering, procurement, construction, operations & maintenance. This is a key differentiator in our industry and a powerful vehicle for delivering superior value to our clients and stakeholders CCPPP Gold Award for Project Financing Eglinton Crosstown LRT 2014 CCPPP Gold Award for Project Financing Replacement Project 2014 CCPPP Gold Award for Infrastructure (O&M only) Elgin County Courthouse Capital Engineering Training Procurement Construction Operations & Maintenance Telecommunications & Security 2014 P3 Bulletin Silver award for Best Rail/Transit Project The Confederation Line 2013 IJGlobal Project Finance magazine North America s Public-Private-Partnership Deal of the Year The Confederation Line 2013 CCPPP Gold Award for Transportation Innovation The Confederation Line William R. Bennett Bridge We are experienced asset managers with a solid track record As a long-term investor, we manage our investment portfolio assets and look for financing solutions and partnering opportunities to propel our growth strategy. We oversee a project s progress and asset performance and devise strategies to improve returns. Once our non-core assets have reached maturity, we monetize them to maximize their value for our stakeholders. The Partnership In 2017, we launched an infrastructure investment vehicle, SNC-Lavalin Infrastructure Partners LP. This Partnership holds SNC-Lavalin s interests in a selection of mature Canadian infrastructure assets and allows us to monetize 80% of our economic interests to a strategic limited partner while we retain 20%. We act as the General Partner and as the Manager of the Partnership, and as such, SNC-Lavalin remains the counterpart to the various stakeholders and partners in the transferred assets. This Partnership further sets the foundations to create new project financing vehicles that will support the development of our robust pipeline of projects. 4 5

4 Restigouche Hospital Centre Our global assets Replacement Project Asset [Location] Market Sector Investment Date Equity Holding Current Status Highway Concessions One [India] Highways & Bridges % Ongoing activities Our portfolio * Our Canadian P3 assets Puy-de-Dôme Cog Railway [France] Astoria Project Partners II [United States] Myah Tipaza [Algeria] Hadjret en Nouss [Algeria] Rail & Transit % In operation Power % In operation Water & Wastewater % In operation Power % In operation Asset [Location] Market Sector Investment Date Equity Holding Current Status Eglinton Crosstown LRT Champlain Bridge Replacement [Montreal, Quebec] Rail & Transit % Under construction Highways & Bridges % Under construction Our divested assets Asset [Location] Market Sector Divestment Date [Campbell River, BC] Power % Under construction Murraylink Transmission [Australia] Power 2000 Confederation Line [Ottawa, Ontario] Rail & Transit % Under construction AltaLink Power 2014 Highway 407 East Extension Phase I Highways & Bridges % Substantial completion Astoria I [USA] Restigouche Hospital Centre [Campbellton, New Brunswick] Healthcare % In operation Gazmont McGill University Health Centre [Montreal, Quebec] Healthcare % In operation Trencap [USA] Southeast Stoney Trail [Calgary, Alberta] Highways & Bridges % In operation West End Dam [South Africa] William R. Bennett Bridge [Kelowna, BC] Highways & Bridges % In operation Malta International Airport [Malta] Airports & Aviation 2010 Canada Line Rapid Transit [Vancouver, BC] Rail & Transit % In operation Ovation Buildings & Facilities 2010 Highway 407 Express Toll Route Highways & Bridges % In operation Ambatovy Nickel Project [Madagascar] Mining & Metallurgy 2015 *Managed either directly or through the Partnership. 6 7

5 HEAD OFFICE 455 René-Lévesque Blvd. West Montreal, QC, H2Z 1Z3, Canada Telephone: