Introduction to Infrastructure Financing CapabilitiesFebruary 28, 2016

EXIM TOOLS for EXPORTERS

Export Credit Insurance Credit, protect against buyer nonpayment, and improve cash flow

o Minimize political and commercial risks of buyer nonpayment (up to 95 percent)o Allow “open account” credit terms to customers (up to 360 days)

Working Capital Guarantees Credit lines for small and medium-sized sub-contractors/suppliers for WC to fulfill export orders

and establish bid or performance bondso Converts international A/R, WIP and inventory into eligible collateral for loans

Supply Chain Finance Payables financing program to enhance Supplier relationships

o Leverages Exporter’s credit capacity to accelerate cash flow for Suppliers

Term Financing Customer Sales Finance (Buyer Credits)

o Corporate Credits and Bank or Sovereign–supported loan programso Structured Finance and Limited Recourse Project Finance

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BENEFITS of EXIM BANK INVOLVEMENT

Capacity - Rated “Best Capacity” in TFX Survey of all major ECAs - No maximum country limits or deal size limits

Best Practices - Validates project’s application of international best practices in financial structuring, documentation, and environmental and social impact standards

Guaranteed Loans - Comprehensive coverage for 100% of political and commercial risk, with multiple

funding options, including commercial banks, PEFCO, and capital markets issues

Direct Fixed-Rate Lending - Direct Loans at fixed-rate CIRR* based on US Treasury index

Industry Expertise – Long experience in the business-critical points in deal structuring ensures timely and efficient completion

* CIRR as of :

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Long Term Financing for up to 10 years at 3.23%Project Finance for up to 14 years at 3.50%

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GENERAL PROGRAM REQUIREMENTS

EXIM FUNDING OPTIONS

Guaranteed Loan

Agent Bank

Direct Loan(s)

Agent Services

G’teedLender

Guaranteed Loan(s)

Guarantee

Cap Mkts

Notes Issue(s)

Guarantee

Direct Loan Capital Markets

PSOR PSORPSOR

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EXIM GUARANTEED NOTES

Issuers have achieved pricing below CIRR

$25 billion issued to date via 160 separate offerings – a well established market

Direct access to USD capital markets

Exempt securities require no SEC registration

Borrower achieves visibility as capital markets issuer, but with limited disclosure requirement

High quality Ex-Im guarantee and standardized format facilitate execution – no need for investor roadshow

Applicable to major procurement programs and project finance transactions with differing maturities

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EXIM GUARANTEED NOTES

Disclosure - Requires no description of the underlying project, and no description of the Borrower’s business or finances – but provides full visibility to Borrower as “issuer” in the capital markets

Ratings - reflect the USG full faith and credit standing of EXIM Bank’s guarantee

Funding - Offers flexibility to fund via Reimbursement, takeout of Bridge Loan, or Pre-funding structures

Currency – G’teed Notes have been denominated in USD, Yen and Euro

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STRUCTURED & PROJECT FINANCE

Typical Terms under OECD Guidelines

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NOTIONAL AUTHORIZATION TIMELINE - PF

Process for Limited Recourse PF TransactionsWeek 1 2 3 4 5 +1 +2 +3 +4 +5 +6 +7 +8 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10 +11 +12 +13 +14

Letter of Interest Application (optional)Application for Final Commitment

Assignment of SFD Project Team

Advisors and Counsel Retained

Phase I Fatal Flaw Analysis

Preliminary Project Letter (if required)

Due DiligenceResolution of Key TermsInternal TRC Briefings

Preparation of Board MemoBoard Briefing and Initial Action

Congressional Notice PeriodFinal Board Action

Documentation ProcessSatisfaction of Conditions Precedent

• Letter of Interest Application* • Preliminary Project Letter* • Congressional Notice Period • Formal Application Received • Due Diligence and Resolution of Key Terms • Final Board Action • Assignment of SFD Project Team • Internal Briefing to TRC • Documentation Process • Advisors and Counsel Retained • Preparation of Board Memo • Satisfaction of Conditions Precedent • Phase I Fatal Flaw Analysis • Board Briefing and Initial Action • Initial Disbursements

*Optional

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● EXIM Bank supports services exports across a full range of sectors, led by Engineering & Consulting, Oil & Gas and Mining

● EXIM Bank can cover consulting, design, engineering, project management, and other services performed by US employees

● Coverage for other eligible services can include technology transfers, licensing, royalties, etc.

Since 2010, the aggregate amount of Services financed by EXIM Bank totaled $19.25 billion

A substantial portion of SFD business is driven by engineering service providers and contractors being asked to provide tied financing proposals

FINANCING for PURCHASES OF US-PROVIDED SERVICES

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SPECIAL PRODUCTS: SERVICES

Coverage - Buyer financing for US contracts during project development phase, including feasibility studies, exploration and mapping, and other design, engineering, and architect services, plus additional support for up to 30% of US contract price to cover related local costs

Terms – initially, 5 year tenor with no repayments until after completion of services, along with the potential to roll over (re-finance and extend) into the longer term project financing

The Engineering Multiplier Program

for Engineer/Contractor:Business Development tool

for Project Sponsor/Developer:Interim Financing Tool

Multiplier Effect Supports early stage contracts with potential to generate larger follow-on contracts during project implementation phases

Funding before FID Financing for project’s upfrontdevelopment costs - with minimal cash outlay; facilitates progress toward FID and project contracts

SECTOR EXPERTISE – AIRPORTS AND INFRASTRUCTURE

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Airports: Quito, Ecuador airport ($64 million - project finance) Grupo Aeroportuario del Centro Norte (OMA) ($24 million,

Mexico, fire trucks, baggage handling equipment and security inspection systems)

Air Traffic Mgmt/Air Traffic Control: Albcontrol/NATA ($48 million, Albania, highly structured public

sector, non-sovereign) Georgia ATC ($16.7 million, Georgia’s State Enterprise

Sakaeronavigatsia, structured public sector, TDA-feasibility study supported)

©2015 Export-Import Bank of the United States | www.exim.gov