The EIB Group

15/05/2017 European Investment Bank Group 1

Investing in Europe’s growth

• Natural financing

partner for the EU

institutions since 1958

• Around 90% of lending

is within the EU

• Shareholders: 28 EU

Member States

• EIB and subsidiary EIF

15/05/2017 European Investment Bank Group 2

Artikel 309 Fördraget om Europeiska Unionens Funktionssätt

Europeiska investeringsbanken ska ha till uppgift att genom att anlita

kapitalmarknaderna och utnyttja egna medel bidra till en balanserad och störningsfri

utveckling av den inre marknaden i unionens intresse. I detta syfte ska den genom

att bevilja lån och garantier utan vinstsyfte underlätta finansieringen av följande

projekt inom alla områden av ekonomin:

a) Projekt som syftar till utveckling av mindre utvecklade regioner.

b) Projekt som syftar till en modernisering eller omställning av företag eller till att skapa

nya verksamheter med anledning av den inre marknadens upprättande eller funktion

och som på grund av sin storlek eller sin natur inte helt kan finansieras med de olika

medel som är tillgängliga i de enskilda medlemsstaterna.

c) Projekt av gemensamt intresse för flera medlemsstater, vilka på grund av sin storlek

eller sin natur inte helt kan finansieras med de olika medel som är tillgängliga i de

enskilda medlemsstaterna.

När banken fullgör sina uppgifter ska den underlätta finansieringen av

investeringsprogram i samband med stöd från strukturfonderna och andra av unionens

finansieringsorgan.

EIB capital breakdown

15/05/2017 European Investment Bank Group 3

• Largest multilateral lender and borrower in the

world

• We raise our funds on the international capital markets

• We pass on favourable borrowing conditions to clients

• Some 450 projects each year in over 160 countries

• Headquartered in Luxembourg with 33 local offices

• Around 2 600 staff:

• Not only finance professionals, but also engineers,

sector economists and socio-environmental experts

• More than 50 years of experience in financing projects

The EIB at a glance

The EIF at a glance

• Shareholders:

• European Investment Bank (61.4%)

• European Commission (26.5%)

• 28 public & private financial institutions (12.1%)

• Strong capital base (EUR 4.5bn)

• AAA-rated by the three major rating agencies

• Over 20 years of market experience in SME

financing

• Over 360 staff

15/05/2017 European Investment Bank Group 5

Advising

Blending

Lending

What we offer

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Lending

The vast majority of our financing is through loans, but we

also offer guarantees, microfinance, equity investment, etc.

Blending

Our support unlocks financing from other sources,

particularly from the EU budget. This is blended with loans

to form a full financing package.

Advising

Lack of finance is often only one barrier to investment. We

help with administrative and project management capacity

to facilitate investment.

Scale of Issuance – largest supranational

0

20

40

60

80

EIB IBRD -WorldBank**

IADB IFC** ADB EBRD AfDB NIB

US

D b

n

2014 2015 (e)

Volume of issuance

is larger than that of

other supranationals

… and compares

with that of certain

EU Governments

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*Gross financing requirement for FY2013-14 / 2014-15

**Fiscal years from 1 July to 30 June

Source: Barclays research/ best efforts estimates as of 9 February 2015

Data collated from a mixture of official reports and bond market analysis systems such as Dealogic

0

50

100

150

200

250

300

Italy UK* France Germany Spain EIB Nether-lands

Belgium Austria Portugal Denmark Finland

EU

R b

n

2014

2015 (e)

15/05/2017 8

Lending

Blending

Advising

EIB lending since its foundation

15/05/2017 European Investment Bank Group 9

WE FOCUS ON OUR

KEY PRIORITIES

ENVIRONMENT

EUR 16.9bn

INFRASTRUCTURE

EUR 19.7bn

INNOVATION

EUR 13.5bn

SME

EUR 33.6bn

Total Lending 2016: EUR 83.7 bn

We are the world’s largest

provider of climate finance

15/05/2017 European Investment Bank Group 11

>25% worldwide 35% in the world’s

developing regions

EIB’s 2015 Climate Strategy

We are increasing our climate commitment:

USD 100bn over the next 5 years

EIB Group supported

investment

-

50

100

150

200

250

300

2012 2013 2014 2015 2016

Investm

ent

support

ed,

bn E

UR

EIB Group estimated investment supported

300

EFSI

Advisory Reforms

52% of

EUR 315bn target

Investment Plan for

Europe

EFSI - Mobilising new investment

Flexible, diverse products offering risk-absorbing to trigger investments with higher risk profile

Continuously adapting to market needs

EIB Group Offering 2.0

First EFSI operations financed in Sweden

Landmarken

Windfarm

Project

Norrlands-

fonden

Driving clean

energy

investment

Supporting

smaller

businesses

The European Investment

Fund (EIF) and

Norrlandsfonden, have

signed a guarantee

agreement that will allow

Norrlandsfonden to provide

SEK 180m (ca. EUR 19m) of

loans to innovative

companies in Sweden over

the next 2 years.

EIB, Mirova and Eolus are co-

Investing in the construction of

the onshore wind farm located

in Värmland, including 6 wind

turbines. First EFSI project in

Sweden,and first renewable

energy co-investment under

EFSI. EIB invests EUR 16m.

Financing step-by-step

15

18

Contract name Signature Date

1. XYLEM WATER TECHNOLOGIES II 28.10.2016

2. DE LAGE LANDEN LOAN FOR SMES ANDMIDCAPS NORDICS II 28.10.2016

3. SG FINANS LEASING LOAN FOR SMES II 25.05.2016

4. DIGITAL INNOVATION 18.08.2016

5. GORENJE RDI PROJECT 16.05.2016

6. AUTOMOTIVE STEEL RDI 15.06.2016

7. ASSA ABLOY DOOR SOLUTIONS RDI II 10.03.2016

8. SEAMLESS (MGF) 27.10.2016

9. EUROPEAN SPALLATION NEUTRON SOURCE (ESS) 17.10.2016

10. EUROPEAN SPALLATION SOURCE - ESS 29.11.2016

11. LUND MUNICIPAL INVESTMENTS 28.04.2016

12. MALMO MUNICIPAL INVESTMENTS 28.04.2016

13. MIROVA EUROFIDEME 3 CO-INVESTMENT WIND SWEDEN 25.02.2016

14. MIROVA EUROFIDEME 3 CO-INVESTMENT WIND SWEDEN B 25.02.2016

15. SLL HEALTHCARE INVESTMENTS 24.06.2016

16. JONKOPING MUNICIPAL INVESTMENTS 22.06.2016

17. MODULAR ICT INFRASTRUCTURES (MGF) 20.05.2016

18. OHB SPACE RDI 19.12.2016

19. VOLVO TRUCKS RDI VEHICLE IMPROVEMENTS - A 16.12.2016

20. GIESECKE UND DEVRIENT R AND D INVESTMENTS 14.10.2016

21. LTE VOLTE - HIGH SPEED MOBILE INTERNET ROLLOUT 07.10.2016

EIB LENDING IN SWEDEN 2016

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15/05/2017 European Investment Bank Group 20

EUR 7.5 million financing deal with

Flexenclosure, a specialist designer and

manufacturer of intelligent power

management systems and prefabricated

modular data centres for the ICT industry.

EUR 100 million credit facility with the

European Spallation Source (ESS) in

Lund, Sweden. Apart from providing

financing, the EIB’s InnovFin Advisory

Service also provided technical assistance

to advise ESS on the financial structure

enabling access to external funding in

support of the construction.

EUR 100 million

loan to Bonnier to

develop advanced

digital platforms, as

well as to create

Scandinavian

content.

SEK 3 100m (EUR 332m)

loan to the City of Malmö,

that will be used for

investments in the fields of

education, childcare, and

urban renewal and

regeneration, which are all

part of the city’s three-year

investment programme

EUR 75 million loan to Castellum to

construct two new Nearly zero-

energy buildings (NZEB) office

buildings, specifically the “Torsplan”

building in the Hagastaden part of

Stockholm and the “Citypassage” in

central Örebro

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InnovFin EU Finance for Innovators

- Equity investments and co-

investments in or alongside

funds

- Debt financing via local

financial intermediaries

trouhg SME Guarantees

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InnovFin EU Finance for Innovators

• Financing between EUR 7,5m and EUR 75m for

devoloping vaccines, drugs, medical and

diagnostic devices, and research infrastructure

for combatting infectious diseases

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Energy Demo Projects

Infectious Diseases

• Financing between EUR 7,5m and EUR 75m for

first-of-a-kind demonstration projects for new

technologies which are ready for demonstration

at scale

Thematic Financing

EIB Framework loans:

Financing a city’s or region’s long-term

capital investment programme

• Up to 50 % of an investment programme of min

EUR 100 m consisting of multiple small and

medium sized projects

• Size range of projects EUR 1 – 50 million

• Period of normally 3-5 years

• Loan maturity of up to 20-25 years matching

economic life of infrastructure

Swedish Examples

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Uppsala kommun: SEK 1.800m

Västerås stad: SEK 1.800m

Stockholms stad: SEK 3.500m

Örebro kommun: SEK 1.700m

Norrköping: SEK 2.000m

Jönköping: SEK 1.200m

Jönköping Municipal Investments

Four-year investment programme for small and

medium sized investments from 2015 to 2018:

• Housing

• Education

• Childcare

• Power and district heating distribution

• Transport infrastructure

• Water and waste

• Other municipal infrastructure.

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15/05/2017 27

Lending

Blending

Advising

28

• INVESTMENT PROGRAMMES/PROJECT

• EE and RES investment in public and private buildings, including social housing and street and traffic lighting;

• Urban transport to support increased energy efficiency and integration of renewable energy sources;

• Local energy infrastructure to support developments in previous sectors including

smart grids, ICT, etc.

ELENA

ELENA (Project Development Services)

Support to Final Beneficiaries with:

Feasibility studies

Additional technical staff

Technical studies

Procurement/tendering

Financial structuring

Beneficiary Municipality of Malmö, Sweden

CoM signatory Yes (Malmö on 9 January 2010 and Lund 10 November 2009)

Sector Urban Public Transport EE (Implementation of tramway network)

ELENA contribution EUR 2 970 472 (90%)

Total PDS cost EUR 3 300 525

Project development services Support for :

•tendering preparation, tendering and defining maintenance approach

•financial studies

•the development of common standards, specifications and procedures

•defining best approach for an innovative quality system for tramway

infrastructure maintenance.

Description

of ELENA operation

• PIU led by Skåne Regional Council, the project coordinator, who is also a partner of SPIS.

• Eight additional experts to be incorporated into the existing team.

• SPIS - ELENA to receive support from external consultants.

Timeframe 2011-2015

Basis for investment identification • Energy strategy plans for the cities of Malmö, Lund and Helsingborg

• SEAP developed in the framework of Covenant of Mayors (Malmö and Lund).

• Strategic programme for climate work in Skåne 2009 – 2020, adopted November 2009

Investment programme description Total investment programme estimated at some 421 MEUR

Project components: new tramway line in Malmö, Helsingborg and Lund

Investment to be mobilised EUR 170.5m

Expected results

Energy savings 82 000 MWh per year.

CO2 reduced 25 000 tonnes of CO2 per year

Leverage factor 57

SPIS - Spårvagnar i Skåne

Region of Skåne & cities of Malmö, Lund and Helsingborg

Common Energy Investment Programme

in the Capital Region of Denmark (CEICAD)

Beneficiary Capital Region of Denmark

CoM signatory No, City of Copenhagen has signed

Sector EE & RE in public buildings

Elena contribution 2.463 MEUR

Total PDS cost 2.737 MEUR

Project development services

(PDS) financed by ELENA The creation of a project implementation unit (support unit) assisted by external consultants for specific

assignments, which will support 11 municipalities and the Region itself in preparing the planned investment

programme. The Support Unit is a new administrative unit, set up for the ELENA project to ensure the practical

delivery of the proposed investments of the ELENA application. New employees will be hired for this unit

consisting of a programme manager and two technical experts.

Description

of ELENA operation Work programme divided in five work packages: 1. Start up, 2. Final selection of buildings, 3. Final identification

of projects, 4. Development of projects and preparation of tender, 5. Implementation of investments; main

activities of external expertise: Defining, preparing and implementing specific RE EE projects including roof

surveys, structural analysis, programming, sketch projects, detailed projects and tendering

Timeframe December 2013 – November 2016

Basis for investment

identification

Preliminary study and a data collection concerning potential investment projects, collaborative process with the

interested municipalities to prepare ELENA application

Investment programme

description

RE Electricity Production: several municipalities and Capital Region will PV plants

installations on their buildings (68 identified).

RE and efficient heat production : 6 municipalities want to use solar water heaters or heat

pumps to replace electric heating, oil boilers etc.

EE : Building energy equipment replacements and building envelope improvements in around 250 buildings.

Investment to be mobilized Investments (MEUR)

1. RE electricity production 15.6

2. RE and efficient heat production 1.3

3. EE Building envelope and technical installations 44.7

Total 61.6

Expected results Energy Efficiency : Annual total energy saved 32 GWh.

Renewable Energy generated : 7.5 GWh.

CO2 reductions : 9,325 CO2 eq t per year.

Leverage factor 25

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Lending

Blending

Advising

European Investment Advisory Hub (EIAH) / the concept

32

Project promoters Public authorities Member States Private sector

DEMAND

Project support (JASPERS,

project preparation and

implementation support)

Financial instruments (fi-

compass, bilateral services

for MAs)

Access to finance (InnovFin

Advisory, EPEC, etc)

EIB’s existing

advisory

programmes and

activities

European Investment Advisory Hub

(EIAH)

New investment support

also in areas relevant to the

scope of EFSI (could be

delivered by EIB advisory or

operational teams)

Identification of needs as

they arise

Network of institutions incl.

EIB Group, EC, National

Promotional Institutions, etc.

Integrated collaboration

model

Additional advisory

and technical

assistance

EIAH’s partner

institutions’ expertise

SUPPLY

Web content + Web portal + Support team

Access p

oin

t

Deliv

ery

channels

What type of support is available?

JASPERS, ELENA, EPEC, Implementation support programmes

Enhance use of EU funds

Access to finance

Access to the expertise of the Hub’s local partners

Access to new advisory services

Advisory and technical support in identification, prioritisation, preparation, structuring and implementation of investment projects

Support for projects and investments

Advisory and capacity building support in the implementation of ESIF financial instruments

fi-compass, bilateral services to Managing Authorities

Enhancement of the overall conditions for financing for public and private beneficiaries

Innovation Finance Advisory

Advisory and technical support from the Hub’s local network

Continuous development of the Hub’s advisory offer to address unmet needs

A 360 degrees advisory offer

TYPE OF SUPPORT DESCRIPTION PROGRAMMES

A unique membership-based

European PPP expertise network

With a mission to support the public

sector to deliver better PPPs

Based on a membership of 39

Members – typically, central PPP units

of Member States and candidate

countries

A core advisory service of the EIB,

providing network activities and

bilateral advice

That benefits from significant Member

engagement in EPEC network

activities

The European PPP Expertise Centre

Eric Gällstad

Head of Division

Public Sector and Infrastructure Lending

Nordic countries and Germany

European Investment Bank

98-100, boulevard Konrad Adenauer

L-2950 Luxembourg

www.eib.org

Alexander Schenk

Head of Office

European Investment Bank

Stockholm Office

Östermalmstorg 1, 4e våningen

11442 Stockholm

a.schenk@eib.org