Overseas Private Investment Corporation

1. Overseas Private Investment Corporation An Agency of the U.S. Government

2. Introduction to OPIC • U.S. Government’s Development Finance Institution established in 1971 • OUR MISSION: Facilitate and support U.S. private investment in developing countries and emerging markets. • Catalyzes sustainable economic development in foreign markets, often supporting a foreign policy initiative • Helps U.S. companies enter, grow, and compete in the global marketplace • By supporting investments, generates U.S. exports and U.S. jobs – National Export Initiative • WHAT WE OFFER: A suite of financial products that help U.S. companies enter international markets where private capital may be limited or unavailable. • HOW WE RAISE THE BAR: U.S. best practices for environmental safeguards and worker/human rights. • HOW WE’RE FUNDED: OPIC operates at no net cost to U.S. taxpayers and has made a profit consecutively for 34 years, including $269 million for the 2011 fiscal year. Overseas Private Investment Corporation

3. Where We Work - 150+ Countries Overseas Private Investment Corporation

4. OPIC Products • Long-term Financing • Provides loans and loan guaranties to overseas business ventures with U.S. participation • Political Risk Insurance • Protects investors against political risks that their assets may face when deployed overseas • Investment Funds • Supports privately-owned, privately-managed funds that make equity investments in overseas companies Overseas Private Investment Corporation

5. Financing Scenarios Scenario One: I am a U.S. company exporting frozen food products to West Africa. I need to build a cold storage facility in the region to maintain overseas inventory and grow my regional distribution network. I am seeking a long-term loan to be secured by the overseas collateral, but my bank can’t help me. Where can I find an overseas project finance loan? Scenario Two: I am a housing developer who has won a contract with the Ministry of Housing in a Central American country to build 2,000 homes for the country’s growing middle-class. I am seeking a construction and development loan to build out the site infrastructure and construct the first 500 units. Where can I get this type of financing? Overseas Private Investment Corporation

6. Terms for OPIC Financing • Long-term financing (tenors from 3 to 20 years) • Fixed interest rate available • Accepts foreign collateral plus “project completion support” • Finance from 50 to 75% of the total project cost • Loans from $350,000 to $250 million • Direct loans for projects involving U.S. small and medium –sized enterprises (SMEs): • US SME or U.S. citizen/permanent resident owns at least 25% of project shares; OR • Other significant U.S. participation (e.g., U.S. contractor, U.S. operator, U.S. franchise). • No U.S. procurement requirements. Overseas Private Investment Corporation

7. Political Risk Scenarios Scenario One: I am a U.S. company that grows, processes, and exports tea leaves from East Africa. A history of political violence plagues the country and I am fearful that an outbreak of violence during the upcoming elections could result in damage to our facilities, or perhaps disrupt the transportation infrastructure so that I cannot get my goods to market. How can I protect my company against such risks? Scenario Two: I am a U.S. renewable energy developer building a solar farm in Southeast Asia. I rely on a Feed-In Tariff approved by the government to guarantee a price “floor” for the power I produce. I am concerned that if another political party wins the election, the new government may slash the feed-in tariff rates. Also, I have a contract with a government-owned utility to buy my power, but I worry what will happen if the government abrogates the contract. How do I protect my company against such regulatory and expropriatory risks? Overseas Private Investment Corporation

8. Terms for OPIC Political Risk Insurance • PRI covers acts of political violence; expropriation; and currency inconvertibility (aka, currency conversion and transfer) • Protection for different types of U.S. exposure: equity, debt, leases, performance/advance payment guaranties, contracts with governments, etc. • Policies of all sizes, from very small up to $250 million • Up to 20-year tenors with fixed premium payments Overseas Private Investment Corporation

9. Terms for OPIC Investment Funds • OPIC supports the creation of privately-owned and managed investment funds with debt capital • These funds make equity investments in companies overseas (U.S. owned and non-U.S. owned) • Supported funds invest in a wide range of sectors, including renewable energy, energy efficiency, ICT, health care, and financial services • Applications made to fund managers directly: http://www.opic.gov/what-we-offer/investment-funds/full-list-of-funds Overseas Private Investment Corporation

10. OPIC – What’s New • Active portfolio of $14.5 billion • Geographic Breakdown: • Latin America – 24% • Africa – 21% • MENA – 18% • Asia – 14% • Russia/NIS – 10% • East/SE Europe – 7% • Global – 6% • Priorities: MENA, Sub-Saharan Africa, Renewable Resources, Food Security • New Products:  Feed-In Tariff (FIT) coverage; Energy Efficiency product; African Clean Energy Finance (ACEF) Initiative • New Country Additions: South Sudan Overseas Private Investment Corporation

11. I have a project. How do I learn more? • Review the website: www.OPIC.gov • (Hint: For financing, review • SME Finance Eligibility Checklist) • Consult Small Business Guide: • http://www.opic.gov/small-business • 3. Discuss your project with OPIC: • - info@opic.gov or +1 (202) 336-8400 • - Attend OPIC’s EXPANDING HORIZONS workshop for small businesses: • October 3rd in Seattle, WA October 18th in Chicago, IL • 4. Insurance: Complete Form 50 • Finance: Complete Section1a of Form 115 • 5. Need assistance? Loan Originators: www.ednaccess.com Overseas Private Investment Corporation

12. Contact Details • Alison Germak Gatchev • Director, Corporate Development • Small & Medium Enterprise (SME) Finance • Overseas Private Investment Corporation (OPIC) • 1100 New York Avenue, N.W. • Washington, D.C. 20527 U.S.A. • Tel: +1 (202) 336-8651 • Email: Alison.Gatchev@opic.gov Overseas Private Investment Corporation