AFD - 2018 Registration document

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PRESENTATION OF AFD

AFD Group

TR PROPASIA (PARTENARIAT STRATÉGIQUE POUR UNE PLATEFORME D’INVESTISSEMENT ASIATIQUE) Purpose: To create a regional investment platform Legal form: Public limited company ( société anonyme ) Head office: Hong Kong Capital: €7,000,000 AFD’s stake: 64.95% Other shareholders: Propasia is a wholly-owned subsidiary of Proparco Balance sheet total:€7.6M

Overseas Departments and Collectivities that have subscribed to a portion of its capital or have been approved by its Board Legal form: Public limited company ( société anonyme ) Head office: 5 rue Roland-Barthes, 75012 Paris Capital: €1,102,208 AFD’s stake: 60% (of which 1.32% through Socredo) Other shareholders: nine financial institutions (40.00%) including Banque de Nouvelle-Calédonie (7.51%) and Banque de Polynésie (7.51%) Balance sheet total: €43.1M Total net equity: €13.4M (excluding FRBG) Purpose: To grant loans and acquire equity stakes in order to promote development in the Antilles – French Guiana region Legal form: Public limited company in liquidation ( société anonyme en liquidation ) (SDR) Head office: Pointe-à-Pitre (Guadeloupe) Capital: €5,576,859 AFD’s stake: 100.00% Other shareholders: none Balance sheet total: €5.3M Total net equity: -€116.2M (excluding FRBG) Gross loan portfolio: NS Net banking income: -€0.00M FISEA (FONDS D’INVESTISSEMENT ET DE SOUTIEN AUX ENTREPRISES EN AFRIQUE) Purpose: To promote the growth of African SMEs Legal form: Simplified joint stock company ( société anonyme par actions simplifiée ) Head office: 5 rue Roland-Barthes, 75012 Paris Capital: €210,000,000 AFD’s stake: 100.00% (except for one share) Other shareholders:Proparco holds one share in Fisea Balance sheet total: €130.8M Gross loan portfolio: €25.4M Net banking income: €0.9M SODERAG (SOCIÉTÉ DE DÉVELOPPEMENT RÉGIONAL ANTILLES-GUYANE)

Total net equity: €7.6M Gross loan portfolio: NS

Equity stakes: €2.8M Net income: €0.1M 1.5.3 Presentation of subsidiaries 1.5.3.1 Proparco

Proparco is a financial institution specialised in development, with share capital totalling €693M. AFD holds a 65% stake, while the remaining 35% is held by private shareholders (including 22% by French financial institutions, 11% by international financial institutions, 2% by investors and 1% by ethical funds and foundations). Proparco’s purpose is to work with the private sector in order to promote inclusive sustainable development models with a low carbon footprint in developing and emerging countries. Proparco plays a role in achieving sustainable development objectives (SDOs). Its sector-focused strategy, adapted to match each country’s level of development, is focused on business, industry and trade, banking intermediation and financial systems, infrastructure, energy, health, education and private equity. Since 2009, Proparco’s operating scope has extended to all developing countries as defined by the Organisation for Economic Co- operation and Development’s (OECD’s) Development Assistance Committee (DAC) and covers a geographic area extending from the major emerging countries to the poorest countries, especially in Africa; it must meet high corporate social responsibility (CSR) requirements and impacts. Proparco offers a complete range of financial instruments to meet the specific needs of private investors in developing countries: loans, quasi-equity, equity and guarantees. 1.5.3.2 Activities of TR Propasia, a Proparco subsidiary TR Propasia is a wholly-owned Proparco structure in charge of investing in Asia through funds (up to 70%) and directly (30%), in countries and in sectors where Proparco is active, as a co- investor with TR Capital, with both funds managed by the same asset management firm. TR Propasia’s portfolio, which matured on 15 April 2011, was invested for a total of $6M in three investment funds and one direct investment.

Total net equity: €130.1M Gross loan portfolio: NS Equity stakes: €109.2M (amount net of impairments) Net income: -€11.6M

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www.afd.fr

REGISTRATION DOCUMENT 2018