FACTSHEET
ABOUT Specialised in Banking & Financial Services, CIEL Finance Limited ('CFL') is actively involved in four sub-sectors of the financial industry: Banking Fiduciary Services and Companies / Fund Administration Asset Management Private Equity CIEL owns 75.1% of CFL, in partnership with Amethis Finance, an investment vehicle dedicated to Africa. CIEL Finance - March 2017 2
CIEL FINANCE S MISSION Strengthen our presence in Banking & Financial Services in Sub-Saharan Africa and the Indian Ocean, where there is huge growth potential with the rapid economic development in those regions, while generating additional value through synergies between the units of CFL and all partners associated to the company at various levels. CIEL Finance - March 2017 3
Investment Portfolio - As at 31 December 2016 BANK ONE 40% BNI 30% KIBO 15% IPRO 2% MITCO 13% KEY FACTS Over 1,300 employees 14% of CIEL s Portfolio Investmetn Banking Fiduciary Services and Companies / Funds Administration Asset Management Private Equity 2 Banks Madagascar Mauritius Permanent Offices Botswana Kenya Madagascar Mauritius South Africa Countries of Activity Investments Madagascar Tanzania Zambia Kenya Uganda CIEL Finance - March 2017 4
KEY INTERNATIONAL France PARTNERS Kenya Madagascar CIEL Finance - March 2017 5
Banking Bank One 50% BNI Madagascar 31.8% (CFL's controlling stake) KEY INVESTMENTS (% CFL s ownership) Fiduciary Services & Companies / Funds Administration MITCO 58.8% Asset Management IPRO 95.5% Private Equity KIBO Capital Partners 50% KIBO Funds 39.7% CIEL Finance - March 2017 6
PORTFOLIO BANK ONE 50% CFL's stake CIEL, in partnership with the Kenyan banking institution I&M Bank, acquired Bank One in February 2008. Bank One provides a wide range of banking and financial products and services and caters for both the domestic and international markets. It offers financial solutions at private, retail and corporate levels and currently operates 13 branches throughout Mauritius. www.bankone.mu CIEL Finance - March 2017 7
PORTFOLIO BNI MADAGASCAR 31.8% CFL's stake (controlling) BNI is one of the largest commercial banks in Madagascar and is a major player in the corporate banking segment. With over 900 employees, BNI runs 58 modern branches, including 27 in Antananarivo and its surroundings, and has a network of more than 70 ATMs. www.bni.mg CIEL Finance - March 2017 8
PORTFOLIO MITCO 58.8% CFL s stake Mauritius International Trust Company Limited ('MITCO') is a one stop-shop for international tax, global estate planning, trust, fiduciary, fund administration, accounting and administration services. MITCO which is registered with the Financial Services Commission has a network of business associates in London, Channel Islands, Isle of Man, Geneva, Luxembourg, Cyprus, Mumbai, Singapore, Hong Kong, Shanghai, Kenya and Johannesburg. MITCO Group comprises of three professional firms namely Mauritius International Trust Company Limited, MITCO Corporate Services Ltd and MITCO Limited in the Seychelles. www.mitco.mu CIEL Finance - March 2017 9
PORTFOLIO IPRO Group 95.5% CFL's stake Investment Professionals Ltd ( IPRO') is a group focused on managing funds invested in Africa, India, Mauritius and Botswana. The Group has been operating in Mauritius since 1992 and in Botswana since 2007. The four main investment funds managed by IPRO are African Market Leaders, a pan- African listed equity fund, African Absolute Return, a pan-african fixed income fund, Ipro Growth Fund and Ponelopele Fund, which have the majority of their assets invested in Mauritius and Botswana respectively. www.ipro.mu CIEL Finance - March 2017 10
Kibo Capital Partners Limited PORTFOLIO KIBO Capital Partners 50% The KIBO Fund LLC 39.67% Kibo Capital Partners Limited is a private equity management company, which manages two funds namely, The Kibo Fund LLC ( TKF ) and The Kibo Fund II LLC ( TKF II ). It operates from its head office in Mauritius and has a regional office in Nairobi. The Kibo Fund LLC The Kibo Fund LLC was launched in May 2008 with a committed capital of EUR 30 million with CIEL, FMO and DEG as its main sponsors. TKF is fully invested. The Kibo Fund II LLC The Kibo Fund II LLC, made its first closing at USD 50 million in June 2014 and a final closing in January 2017, reaching a fund size of USD 62.6 million. TKF II has a life of ten years and is looking to invest in growth capital opportunities in Eastern Africa, Southern Africa and the Indian Ocean Islands. www.thekibofund.com CIEL Finance - March 2017 11
CIEL FINANCE SHAREHOLDING CIEL LIMITED 75.1% CIEL Limited is a leading diversified investment company in Mauritius, operating five business clusters spread across Mauritius, Africa and Asia with some 30,000 employees. Since its beginnings in agriculture in 1912, the pioneering group is continuously exploring new avenues of development and international expansion. In January 2014, CIEL was listed on the Official Market of the Stock Exchange of Mauritius (ticker symbol: CIEL.N0000 ), following the merger of one of its investment companies into the Group s holding company. With a market capitalisation of about MUR 10.1 billion (USD 283million), CIEL is one of the largest listed Mauritian companies. As at 31 December 2016, its portfolio was valued at MUR 13.8 billion (USD 401 million). CIEL Finance - March 2017 12
CIEL FINANCE SHAREHOLDING Amethis Finance is an investment fund dedicated to Africa, with a total investment capacity of USD 530 million since its first closing done in December 2012, split between USD 380 million in equity and USD 150 million in debt. Amethis Finance has been created by a team led by Luc Rigouzzo and Laurent Demey, and by La Compagnie Benjamin de Rothschild. They have been joined by a large group of private investors combining financial institutions and family offices. Amethis Finance is a one-stop shop which provides a full set of long-term financial instruments, investing both in debt and equity, with high objectives in terms of development, social, environmental and governance matters, while delivering attractive performance to its investors. www.amethisfinance.com CIEL Finance - March 2017 13
KEY EXECUTIVES Marc-Emmanuel Vives CEO of CIEL Finance Ravneet Chowdhury CEO of Bank One Alexandre Mey CEO of BNI Madagascar Thierry Hugnin Managing Partner of Kibo Capital Partners Robert Hovenier CEO of MITCO Stephane Henry CEO of IPRO CIEL Finance - March 2017 14
Marc-Emmanuel Vives CIEL FINANCE EXECUTIVE TEAM CEO of CIEL Finance Marc-Emmanuel Vives has joined CIEL Finance Limited as CEO in September 2014, bringing with him more than 25 years of experience at Société Générale. After initial steps within the General Inspection department of the Group, he spent the next 18 years of his career in various assignments in emerging countries. He was first posted in Argentina as Commercial Director, then Chairman & CEO of Société Générale and later moved to Russia, where he was the CEO of Bank Société Générale Vostok, before becoming First Deputy Chairman of Rosbank. He finally moved to India as Country manager. Marc Emmanuel holds a Master s degree in Business Administration from HEC Business School France as well as a degree in History from Sorbonne University, Paris. Samila Sivaramen Strategy & Finance Juan Carlos Albizzati Risks Management, Compliance & Controls Denis Moreau Digital Banking, Innovation, Projects & Efficiency Kamini Vencadasmy Compliance, E&S Responsibility, General Governance and Legal CIEL Finance - March 2017 15