Presentation is loading. Please wait.

Presentation is loading. Please wait.

Access to Infrastructure/Financing

Similar presentations

Presentation on theme: "Access to Infrastructure/Financing"— Presentation transcript:

0 The Arctic Imperative Summit
Girdwood, Alaska June 20th, 2011 Desjardins Securities Inc. is a wholly-owned subsidiary of the Desjardins Group

1 Access to Infrastructure/Financing
Introduction Increased Resource Development in the Arctic and Alaska is Inevitable Responsible and Sustainable Resource Development is the Goal of all Stakeholders Responsible and Sustainable Resource Development and is ACHIEVABLE Resource Development Driven by Positive Market Outlook (Strong Fundamentals) Global Urbanization Declining Production Sustained High Commodity Prices Key Risks Global Economy Access to Infrastructure/Financing Permitting Slowdown in Global Economy Rising Core Inflation US $ Policy/End of QE2 Euro zone Weakness Development Projects Increasingly Remote Investors Require Minimum Risk Adjusted Return Well Defined Timelines and Procedures are Essential to Attract Capital Desjardins Securities is part of Desjardins Group, Canada’s 6th largest bank, is specialized in fundamental commodity research and providing advisory services to the global mining industry

2 Equity Capital Markets LTM Trading Performance – Mining Indices
S&P/TSX Capped Diversified Metals & Mining Index S&P/TSX Global Mining Index FTSE/JSE Mining Index FTSE/All Share Mining Index S&P/ASX 300 Metals & Mining Index

3 Desjardins’ Role – Integrated Advisory Approach
Mining Sector and Advisory Expertise Desjardins has extensive contacts in the global mining industry, many of which would be interested in a major export coal development opportunity We can provide relevant industry and company-specific feedback to ASRC to prioritize potential Partners / Buyers We can review the financial and operating information of the Partners / Buyers and analyze their shareholder base and financial strength Industry and Company Analysis Valuation Analysis Structure and M&A Tactics Provide economic, industry and company-specific input Review financial and operating information regarding the Partner / Buyer Analyze the Partner / Buyer’s current shareholder base Perform detailed value range analysis based on public and internal information of ASR Comparable trading Precedent transactions DCF Precedent premiums Advise and assist in M&A tactics Work with legal and tax advisors to determine the optimal transaction structure Provide advice on structural alternatives in connection with the proposed transaction Structure and manage all aspects of the competitive search / sale process, including final exclusive negotiations Market Intelligence Negotiations Briefing and Documentation Monitor market & rumors Develop and implement a proactive communications strategy Coordinate marketing message to all stakeholders Lead the negotiation process between ASRC representatives and the targeted Partner / Buyer Advise ASRC regarding the required pricing of the proposals Assist in the preparation of any materials submitted to potentials Partners / Buyers to solicit higher / improved proposals Advise and assist ASRC in preparing and delivering to the board, any materials required to consider and approve a transaction Assist in preparing disclosure documents Provide a fairness option to the board, if required Desjardins’ team has the combination of M&A experience and industry contacts to effectively advise global mining companies

4 Selected M&A Transaction Experience
Mining Sector Advisory Experience Team members have advised on 21 publicly announced mining M&A transactions, totaling in excess of $85 bln since January 2005 Previous clients include: BHP Billiton, Xstrata, Vale SA, IAMGOLD, ArcelorMittal, China Development Bank / China Minmetals, Vedanta Advised on Phelps Dodge’s $49 bln offer for Inco and Falconbridge Advised on Xstrata’s winning $24 bln offer for Falconbridge Gordon Glenn Robert Chretien $125 million Advised Spider on its sale to Cliffs Natural Resources May 2010 $72 million Advised KGHM on its JV with Abacus Mining & Exploration May 2010 $47 million Advised Entrée Gold on its acquisition of PacMag Metals June 2010 $485 million Advised Skye on its sale to HudBay Minerals August 2008 $176 million Advised CDPQ on its sale of Southern Star (US) to Morgan Stanley IP March 2010 <$100 million Advised Hathor on its acquisition of Northern Continental Resources November 2009 <$100 million Advised Solway on its minority interest purchase in Chariot Resources October 2009 $2.5 billion Advised IPIC on its acquisition of NOVA Chemicals July 2009 $485 million Advised on acquisition of 25% of silver production from Goldcorp’s Penasquito project July 2007 $1.53 billion Advised IAMGOLD on its acquisition of Cambor November 2006 $24.1 billion Advised Xstrata on its acquisition of Falconbridge August 2006 $388 million Advised Mexgold on its sale to Gammon Lake Resources July 2006 $70 million Advised Vedanta on its acquisition of Sterlite Gold October 2006 $48.9 billion Advised Phelps Dodge on its combined offer for Inco and Falconbridge Withdrawn September 2006 $173 million Advised Hydro-Quebec Intl on its sale of power assets (Panama) to Enel August 2006 $123 million Advised Alliant Energy on its sale of power assets (China) to Banpu March 2006

5 Desjardins’ Metals & Mining Team
Senior Leadership Richard Nadeau Managing Director Vice-Chairman Ken Manget Head of Investment Banking Paul Hardy Head of Sales and Trading Patrick Bartlett Head of Research Metals & Mining Investment Banking Mergers & Acquisitions Investment Banking Paul Carmel Managing Director Metals & Mining Gorden Glenn Navtej Sidhu Associate Vincent Metcalfe Misha Plotkine Analyst Geoffrey Planas Robert Chretien Managing Director Head of Mergers & Acquisitions Salil Ratnaparkhe Associate Mergers & Acquisitions Stuart Roberts Marco Salvo Eva Kubicka Analyst Alaska Resource Development Research Sales & Trading ECM Brian Christie Vice President & Director Senior Analyst Precious Metals Graham Markham Research Associate Precious Metals John Hughes Senior Analyst Metals & Mining Paul Medici Metals & Mining John Redstone Aleem Ladak Paul Pint Vice President & Director Head of Sales Paul Sun Institutional Sales & Trading Chung Kim Vice President Beth Shaw Managing Director ECM & Syndication Naglaa Pacheco Vice President Raymond Duong Analyst

6 Desjardins Group Desjardins Group is the largest financial institution in Québec, and 6th largest deposit taking institution in Canada, and the 6th largest cooperative in the world More than 5.8 million retail banking customers (70% of the Québec population) The largest private employer in Québec with 42,200 employees and 5,900 elected officers Credit ratings of AA (DBRS), AA- (Standards and Poor’s) and Aa1 (Moody’s) Desjardins continues to be the best capitalized financial institution in Canada with a Tier 1 Capital ratio of 17.3% Named the Bank of the Year – Canada, by the Financial Times’ Banker Magazine Desjardins Group comprises a network of financial services cooperatives, caisses and credit unions, and some twenty subsidiary companies in life and general insurance, securities brokerage, venture capital and asset management Desjardins Group is an organization of caisses populaires and caisses d'économie (credit unions). The 513 caisses in Québec and Ontario and their 915 service centres are assembled under a single federation: the Fédération des caisses Desjardins du Québec Federation des Caisses Desjardins du Quebec Wealth Management and Life Insurance General Insurance Personal Services Business Services Securities - Institutional Caisse Centrale Venture Capital Asset Management Desjardins General Insurance Group Bank Credit Union Trust DISNAT Retail Brokerage Business Sectors Carrefour

7 World’s 50 Safest Banks for 2010(3)
Desjardins Group: A Leading Canadian Financial Institution Total Assets(1) Employees in Canada Branches in Canada(2) Sixth largest bank in Canada and sixth largest cooperative financial group in the world Third largest bank in Canada in terms of employees More branches and service centers than any other bank in Canada for our 5.8 million members World’s 50 Safest Banks for 2010(3) Tier 1 Capital Ratio(4) S&P Credit Rating Ranked among the world’s safest banks, as per Global Finance 2010 Highest Tier 1 Capital ratio (17.6%) within the Canadian banking industry Strong credit rating from all major agencies – AA (DBRS) and AA- (Standard and Poor’s) (1) As of September 30, 2010 for Desjardins and as of October 31, 2010 for the other Canadian Banks; (2) Desjardins total branches is based on 1,396 service outlets, 113 points of service and 51 business centers; (3) Global Finance 2010; and (4) Tier 1 Capital Ratios for Desjardins as of September 30, 2010 and as of October 31, 2010 for the other Canadian Banks Source: Company Reports and Bloomberg

8 A Canadian full service bank
Desjardins Group Business Lines Key Takeaways Desjardins Group Full suite of banking services as Canada’s 6th largest bank Fully integrated Capital Markets Group (Desjardins Securities) offers institutional clients research and sales and trading for both equity and fixed income, corporate finance, corporate banking, and retail distribution Personal Services Personal Banking Services Mortgages Credit Cards Property and Casualty Insurance Residential Insurance Commercial Insurance Group Property & Casualty Insurance Wealth Management Asset Management Full Brokerage Services Mutual Funds/ Segregated funds Private Wealth Management Business and Institutional Services Capital Markets SME Banking & Financing International Financial Services Venture Capital/ Private Equity Cash Mgt/ Specialized Business Services Invest. & Corp. Banking Invest. & Corp. Banking Equity Capital Markets Equity Capital Markets Fixed Income Retail 20 investment banking professionals 20 corporate bankers for origination and syndication based in Montreal, Toronto and Calgary 12 foreign exchange and interest rate SWAP professionals and 10 treasury professionals 14 research analysts and 13 associates in Montreal, Toronto, Calgary 23 institutional sales and trading professionals 4 syndication professionals 4 DCM professionals responsible for origination and syndication 7 institutional traders, including a corporate trader and 2 proprietary traders 7 institutional sales professionals 4 retail fixed income sales and traders 3 preferred shares professionals 3 research analysts 3 structured credit professionals 325 investment advisors Discount brokerage through Disnat Online Full-service brokerage services through Desjardins Securities Investment Advisors, with 46 offices across Canada A Canadian full service bank

9 Desjardins Group named Bank of the Year 2010 – Canada
Published by the British-based Financial Times Group, The Banker is an internationally renowned source for financial news Desjardins Group was awarded Bank of the Year 2010 – Canada According to The Banker, these awards reflect exceptional quality and innovation in the financial industry Desjardins was selected for the following attributes: Tier 1 capital ratio of 15.6% for 2009, up 18.5% over 2008 Gross impaired loan ratio of 0.46%, a rate more than three times lower than the other major Canadian banks Highest credit ratings in the industry: S&P (AA-), Moody’s (Aa1), DBRS (AA) Financial Performance Indicators Community Involvement 6.5% of Desjardins Group’s surplus earnings are given back to the community; by comparison major Canadian businesses give back a median of 1.3% Democratic Culture In 2009, over 1,750 delegates of Desjardins’ caisses and credit unions attended a democratic governance conference to set strategic direction for the organization Member Satisfaction A 61% satisfaction rate (very satisfied) among individual members, compared to 56% for the other major Canadian banks Sustainability Projects The first Canadian financial institution to offer businesses energy-efficiency loans to help them reduce their greenhouse gas emissions Dévelopment international Desjardins is focused on improving access to financial services in developing countries Initiatives have enabled over 7 million families to access secure savings and credit facilities Over $1 mln raised to support financial cooperatives in Haiti devastated by the earthquake in January 2010 Charitable Work

Download ppt "Access to Infrastructure/Financing"

Similar presentations

Ads by Google