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Export Development Canada Your Financial Partner February 2009 1 EDC Facilitating Canadian Trade • Export Development Canada (EDC) was established in 1944 and has become Canada’s official export credit agency. • Our mandate is to support export and foreign investment. EDC is AAA rated by Moody’s and Standard & Poors and is financially self-sustaining. • Our services include: Financing Accounts Receivable Insurance Contract Insurance & Bonding Political Risk Insurance • Today, we are open for business in over 175 countries including 153 developing markets 2 The Extractive Industries Team • EDC has recently restructured. Six new industry sector teams were introduced, including the Extractive Industries Team • Extractive Industries includes: Mining Oil & Gas Pipeline Base Metal Production Fertilizers & Petrochemicals 3 2008 Volume - Mining (CAD) • Financing $ 915 million • Political Risk Insurance $ 565 million • Accounts Receivable Insurance $ 12.6 billion • Contract Insurance & Bonding $ 135 million TOTAL $ 14.24 billion 4 EDC Financing Services EDC helps Canadian companies and their Foreign buyers to arrange… • Corporate Revolvers • Bilateral Facilities • Acquisition Facilities • Bridge or Term Loans • Syndicated Facilities • Highly Structured/Project Finance Facilities 5 EDC Contract Insurance & Bonding EDC helps Canadian exporters… • Offer competitive payment terms to their foreign buyers • Arrange working capital and banking facilities • Arrange bonds required by their foreign buyers • Manage their foreign exchange risks EDC Accounts Receivable Insurance EDC helps Canadian exporters… • Offer competitive payment terms to their foreign buyers • Arrange working capital and banking facilities to support their foreign contracts EDC Political Risk Insurance EDC helps Canadian companies invest overseas… • Assessing Political Risks • Underwriting Equity Policies • Underwriting Debt Policies • Arranging Private Sector Insurance (Lloyds, Sovereign, Zurich, AIG) • Arranging Public Sector Insurance (OPIC, ECGD, OND, EFIC, MIGA) 8 Extractive Industries 2007 Mining Transactions RUSSIA SNC-Lavalin Engineer & Constructors Inc. MEXICO Grupo IMSA, S.A. de C.V. Lender Lender BRAZIL Kinross Gold Corporation ARGENTINA Ternium S.A. CHILE CODELCO BRAZIL CVRD MEXICO Silver Wheaton Corp. Lender BRAZIL Usiminas USA Steel Dynamics INDONESIA PT Pamapersada Nusantara 9 Extractive Industries 2008 Mining Transactions CHILE CODELCO PERU Hochschild Mining plc BRAZIL International Commercial Steel MEXICO Industrias Penoles S.A.B. de C.V. Lender Lender Lender Lender MEXICO Grupo Cementos de Chihuahua, S.A.B. de C.V. RUSSIA Lender OJSC MCC Eurochem CHILE Soquimich Comercial SA (SQL) Lender Lender 10 Contacts Charles Edgeworth Senior Account Manager Commercial Markets Toronto, Canada Tel: (416) 640-1873 [email protected] Kimberley Lok Sector Advisor Extractive Industries Ottawa, Canada Tel: (613) 598-3212 [email protected] 11