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A presentation made at CEPYME Madrid, 29 November 2011 North America? Let us walk you in! Quebec: Your dedicated partner to penetrate the North American.

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Presentation on theme: "A presentation made at CEPYME Madrid, 29 November 2011 North America? Let us walk you in! Quebec: Your dedicated partner to penetrate the North American."— Presentation transcript:

1 A presentation made at CEPYME Madrid, 29 November 2011 North America? Let us walk you in! Quebec: Your dedicated partner to penetrate the North American market

2 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle CANADA QUÉBEC UNITED STATES MEXICO Vancouver Mexico Atlanta Québec Montréal Detroit Chicago Washington New York Boston 1000 km 2000 km 3000 km 4000 km Quebec : a short intro No.1 Canadian Province in terms of territory, No. 2 in terms of population 8 million inhabitants 1 667 441 km 2 (3 times Spain) GDP of CAN$315 billion GDP per capita of CAN$40 141 An economy the size of Switzerlands Canada-USA-Mexico N.A. Free Trade Agreement: 450 million consumers 150 million consumers within 1000 km from Montréal A Federal State A Parliamentary Democracy

3 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle Canada : An important trade partner for the USA Source : Trade in Goods in 2008, U.S. Census Bureau = ? $ $97 billion$? In your opinion, Canadas exports to the US represents roughly…? a) $58 billion$? b) c) d) $45 billion? $11 billion?

4 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle US$340 billion Canadas exports to the US represents… e) All of the above…and much much more! US$368 billion US$338 billion Canada : An important trade partner for the USA Source : Trade in Goods in 2008, U.S. Census Bureau

5 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle Quebec : Exports Source : Statistics Canada, 2009 What is Quebecs main export? a) b) c) d) Paper, cardboard, wood? Aluminium? Aircrafts? Agrifood?

6 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle Answer: c)Aircrafts and parts Quebec : Exports Source : Statistics Canada, 2009

7 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle Quebec Aerospace Industry Canadian Aerospace Exports Canadian Aerospace R&D Employees Annual Revenues Aerospace Metropolis in the World: Montreal Aerospace Industry in the World: Québec 75% 70% 42 k $12 G No. 2 No. 5

8 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle

9 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle A diversified economy : world-renowned successes

10 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle Quebec : Leading Destination of European Investment Source : Statistics Canada, February 2010 Foreign Capital Investment by Province in Canadian Dollars 2006-2009 EuropeUSAOther Quebec39%59%2% Rest of Canada22%71%7% Historically, Quebec has always had a larger share of its foreign investment coming from Europe than any other Canadian Province.

11 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle A Clear Competitive Edge on Corporate Taxation Source : Grant Thornton, 2011 Manufacturing Industries: Corporate Tax Rates – 2011 Effective Tax Rate FederalProvince/StateCityTOTAL Quebec16.50%11.90%-28.40% Virginia 29.94%5.64%-35.58% New York 26.39%7.10%10.05%43.54% (36.69%) Texas 31.50%1.00%-32.50% North Carolina 29.65%6.90%-36.55% California 29.03%8.84%-37.87% New Jersey 28.70%9.00%-37.70% Massachusetts 28.96%8.25%-37.21% Pennsylvannia 26.61%9.09%6.45%42.15% (38.66%) Michigan 29.60%6.05%1.00%36.65% (35.97%)

12 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle 20072008201120122013201420152016 16.50%15.00%19.50%21.12% 11.90% 11.40%9.90% 28.40% 26.90% 30.90% 32.02% Canada Quebec TOTAL (Canada + Quebec) 2009 19.00% 11.90% 30.90% 29.90% 11.90% 18.00% 2010 And, Quebec taxes are still going on the way down… A Clear Competitive Edge on Corporate Taxation Source : Grant Thornton, 2011

13 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle 2007200820092010201120122013201420152016 10% Significant tax credits on the purchase of manufacturing equipment and machinery (refundable = subsidy) The 10% rate applies to companies having a paid-in capital of less than $250 million. Otherwise, the rate stands between 5% and 10%. In some designated regions of Quebec, rates of 20%, 30% or 40% apply. A Clear Competitive Edge on Corporate Taxation Source : Grant Thornton, 2011

14 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle State Corporation founded in 1998 : a unique model Quebec Governement Business Bank, in charge of: State loans, guarantees, subsidies, financial and tax incentives, equity and quasi equity investment, foreign direct investment set-up assistance and incentive packaging. +400 associates, assets : +$9 billion, guarantees : +$2 billion 11 offices abroad : Paris, Atlanta, Beijing, Chicago, Londres, Munich Los Angeles, Mumbai, New York, Stockholm, Tokyo Comprehensive and centralised services to accompany foreign industrial set-ups as well as a continuous subsidiary aftercare service, providing: Project financing Financial and tax incentive packaging Possible capital financing A wide business network Intelligence on and introduction to local clients, partners and suppliers Market intelligence and comparative cost simulation Site selection Selection of the best service providers for banking, legal, accounting, real estate, norms, sanitary certification, construction, custom-made equipment, recruitment, relocation, and much more… Head Office: 600, rue de la Gauchetière Ouest Montréal Invest Quebec : In a few words

15 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle 1998-2008 : A Ten-Year Overview Financing operations >12 500 Financing (total) CAN$9.5 billion Value of projects (total) CAN$48.2 billion New jobs created 160,000 Yearly average 1,000 projects CAN$1 billion 16,000 new jobs Cost/benefit ratio 1:3.41 New foreign direct invesment 433 projects CAN$8.9 billion 35,000 new jobs CCM Montréal Invest Quebec: A key financial partner

16 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle 2009-2010 : A record year Financing operations 2,032 Financing (total) CAN$1.6 billion Value of the projects (total) CAN$6.1 billion New jobs created 14,967 Cost/benefit ratio 1:5,24 New foreign investment80 projects $964 million 2,712 new jobs World Trade Center Montréal Invest Quebec: A key financial partner

17 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle Invest Quebec: Equity Partner for Growth Sales / Penetration Rate Risk Capital Growth Capital IQ Pre-Start-UpStart-UpGrowthExpansion Maturity/ Consolidation Time TECHNOLOGICAL RISK COMMERCIAL RISK OPERATIONAL RISK

18 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle Capital Investment Reasonable return on equity Debt Mezzanine (with or without guarantee) Participative Convertible Subordinated (with or without guarantee) No share of income Senior (with or without guarantee) Competitive interest rate in line with competition and risk market Headquarters: 600, rue de la Gauchetière Ouest Montréal Invest Quebec: Equity Partner for Growth

19 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle Investissement Québec : Capital de Croissance IQ minimum participationStocks Mezzanine debt Subordinated debt Senior debt Maximum share49 % Investment horizonStocks : 5 to 8 years Debt : 3 to 7 years $5 M $10 M$

20 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle Contactez-nous : Bureau de Paris

21 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle 1.2 million km² $80 billion over 25 years 20 000 jobs/year Plan Nord Fund: $1,62 billion Invest Quebec: $500 million Mining : $8 billion $ in 2011-2016 Forest Resources Energy Nordic Biofood and Biopharm Tourism Infrastructure: Transportation, Telecoms Le Plan Nord

22 Presentation made at CEPYME Madrid, 29 November 2011 by Dany LaRochelle Contactez-nous Dany LaRochelle Directeur Développement des Affaires - Europe Investissement Québec 66, rue Pergolèse 75116 Paris FRANCE Téléphone : +33 1 40 67 85 24 Portable : +33 6 11 18 31 86 Facsimilé : +33 1 40 67 85 91 E-mail : dany.larochelle@invest-quebec.com Web : www.investquebec.com Marchés couverts : France, Benelux, Italie, Espagne, Portugal


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