INVESTOR PRESENTATION - OEKB OESTERREICHISCHE KONTROLLBANK AG - JULY 2021
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Investor Presentation © OeKB ‒ Oesterreichische Kontrollbank AG – July 2021
Agenda 01 OKB in Brief 04 OKB’s Sustainability Management 02 Austria’s Economy 05 OKB’s Sustainable Financing Framework 03 OKB in the Capital Markets 06 Appendix 2 7/30/2021 © OeKB ‒ www.oekb.at
01 OKB in Brief Austria’s Export Credit Agency 3 7/30/2021 © OeKB ‒ www.oekb.at
OKB’s Business Activities
Export Capital Market Energy Market Development Tourism
Services Services Services financing Services
OKB provides export OKB offers central OKB conducts financial OeEB provides long- OKB provides tailor-made
guarantees on behalf of infrastructure services clearing and provides risk term finance for private financing for tourism
the Republic of Austria and financial data for the management services for sector projects that are businesses with a high
and offers financing via Austrian Government the energy market operators economically sustainable proportion of overnight
domestic and foreign Bonds, OKB carries out and clearing agencies and and have a positive impact says of foreign tourists.
banks. the auction procedure on on the Austrian energy on development.
behalf of the Republic. exchange EXAA.
4 7/30/2021 © OeKB ‒ www.oekb.at
About OKB
Austria‘s export Privately owned Explicit, unconditional and irrevocable
credit agency with a public mandate guarantee of the Republic of Austria
Credit Rating: ESG Rating:
Moody’s: Aa1/S&P’s: AA+ Sustainalytics: Leader, 1st out of 14,194; ISS-ESG: Prime C+; MSCI: AA
Explicit exemption Regulated by the Export
Exempt from the EU Bank
Zero risk from the Capital Guarantees Act (EGA) and
Recovery and Resolution
weighting Requirements Directive Export Financing
Directive (BRRD)
(CRD IV) Guarantees Act (EFGA)
Long history of successful Eligible as a recognized agency
capital markets under the ECB´s Public Sector Purchase Programme (PSPP)
transactions and Pandemic Emergency Purchase Programme (PEPP)
5 7/30/2021 © OeKB ‒ www.oekb.at
Sole agent
for the administration of export guarantees and export financing
OKB’s critical role Services for exporters Issuer in the capital markets
in the Austrian OKB provides export guarantees OKB refinances export loans by
export industry on behalf of the Republic of issuing debt obligations
Austria (according to the Export guaranteed by the Republic of
Guarantees Act/EGA) Austria (according to the Export
Financing Guarantees Act/EFGA)
OKB offers financing via domestic
and foreign banks
6 7/30/2021 © OeKB ‒ www.oekb.at
OKB – Export Financing System
Republic of Austria
Federal Ministry of Finance
Guarantor
Export guarantees administered Issuance guarantees
by OKB (EGA) (EFGA)
Exporter/Bank Investor
OKB
Refinancing Debt issuance
export loans Assets Liabilities in capital markets
Administration OKB
of the export bond
financing system issues
7 7/30/2021 © OeKB ‒ www.oekb.at
Guarantee of the Republic of Austria
Full Faith and Credit
Austria will unconditionally guarantee the due and
punctual payment of principal of and interest and Addi-
tional Interest, if any, on the Guaranteed Debt Securities
under the Export Financing Guarantees Act of 1981, as
amended. Such Guarantees will be general obligations
of Austria and the full faith and credit of Austria will be
pledged for the performance thereof.
The Act authorizes Austria to guarantee the Guaranteed
Debt Securities if they meet certain conditions relating to,
among other things, the maximum principal amount of www.oekb.at
Guaranteed Debt Securities which may be issued at any Prospectus
one time and the maximum interest rate. of the Global
Issuance
Extracted from the 2021 Base Prospectus of the Global Issuance Facility, p. 24 Facility
8 7/30/2021 © OeKB ‒ www.oekb.at
OKB Rating
Aa1 (stable) AA+ (stable)
Credit opinion: July 30, 2020 Rating report: April 14, 2021
Outlook stable: June 27, 2016 Outlook revised to stable: January 30, 2013
Strong guarantee framework is basis for OKB’s franchise Almost certain likelihood of extraordinary government
support
Solid asset quality and liquidity are a
function of the government guarantee Extremely low-risk loan portfolio, almost
entirely comprising fully secured loans
Very high likelihood of support from the Republic of
Austria as a result of OKB’s role for the Austrian export Strategic importance for the Austrian government,
driven economy which has mandated OKB in specific laws to act on
behalf of the government
9 7/30/2021 © OeKB ‒ www.oekb.at
OKB COVID Support Programs
Processing financing guarantees Setting up refinancing facilities Providing support for “marketable
for large companies as part of the in cooperation with the Federal risks” under the Temporary
EUR 15 bn Corona Aid Fund and Ministry of Finance: Framework of the EU
on behalf of COFAG (COVID-19 (extended to 12/31/2021)
Federal Finance Agency) EUR 3 bn special credit line
(revolving credit facilities)
EUR 100 mn fast line facility to
refinance projects in healthcare, civil
protection and disaster relief
10 7/30/2021 © OeKB ‒ www.oekb.at02 Austria’s Economy Austria’s Export Credit Agency 11 7/30/2021 © OeKB ‒ www.oekb.at
Austria – a Strong Economy
at the Heart of Europe
Austria Euro-Zone
Highly-diversified economy with Area (sq. km ‘000) 84 2,758
well-balanced sectoral structure
Population (million) 8.9 342.4
Strong recovery in 2H 2021, gathering GDP per capita (EUR) 37,254 31,225
further momentum in 2022
Net financial assets per private
140,462 129,711
household Q4 2020 (EUR)
Industry outperforms during
(in %) 2020 2021f 2022f 2020 2021f 2022f
pandemic, services lagging behind
Real GDP growth -6.6 2.3 4.3 -6.6 4.3 4.4
Well funded public health sector Inflation (HICP) 1.4 1.9 1.9 0.3 1.7 1.3
proves resilient
Unemployment 5.4 5.0 4.8 7.8 8.4 7.8
Sustained current account surpluses Export growth -10.6 8.0 8.5 -10.4 10.5 7.8
confirm competitiveness of the
economy Current account balance 2.5 1.4 2.1 2.2 3.1 3.1
Budget surplus/deficit -6.4 -6.3 -4.2 -3.6 -6.2 -3.7
Foreign trade well diversified both
by region and product type Debt to GDP 83.9 89.6 88.1 100.0 102.4 100.8
Source: Austrian Institute of Economic Research, European Commission, Eurostat, Federal Ministry of Finance, Statistics Austria, OECD, Austrian National Bank: Facts on Austria and its Banks
12 7/30/2021 © OeKB ‒ www.oekb.atAustria – a Strong Economy
at the Heart of Europe
Composition of Austrian GDP (in EUR bn) Geographic distribution of Austrian exports
Asia Australia
9% 0.8%
(China 2.8%) Africa
1.2%
Consumption 267 71%
Americas
Investments 94 25% 9%
(USA 6.6%)
Net exports 15 4%
Exports 199 53%
Imports 184 49%
Total GDP 2020 376
Europe
80%
(Eurozone 52.1%)
Germany 30.5%
Italy 6.6%
Switzerland 5.3%
France 4.3%
Source: Statistics Austria
13 7/30/2021 © OeKB ‒ www.oekb.atAustria – Government Debt Performance
Austria’s strong government bond performance underlines
its position as a core European sovereign
10yr Benchmark Government Bond Spreads vs. Bunds (in bps)
80 France
Belgium
70
Netherlands
60 Finland
Austria
50
40
30
20
10
0
Apr 18 Jun 18 Aug 18 Oct 18 Dec 18 Feb 19 Apr 19 Jun 19 Aug 19 Oct 19 Dec 19 Feb 20 Apr 20 Jun 20 Aug 20 Oct 20 Dec 20 Feb 21 Apr 21 Jun 21
Source: Bloomberg
14 7/30/2021 © OeKB ‒ www.oekb.at03 OKB in the Capital Markets Austria’s Export Credit Agency 15 7/30/2021 © OeKB ‒ www.oekb.at
Funding Strategy and Program 2021
Long-term Annual Funding Requirement EUR 4 - 5 bn
2–3 benchmark issues – USD, EUR
Other strategic markets – GBP, AUD
Sustainability Bond
Private placements and plain-vanilla MTNs
Global investor diversification
Responsive to investor enquiries
Focus on maturities up to 10 years
16 7/30/2021 © OeKB ‒ www.oekb.atIssuance Programs
Outstandings by source* Outstandings by currency*
Kangaroo Issues NEU CP
EUR
2% 11%
CHF 33%
ECP
8%
2%
USCP
1%
MTNs/Euroshelf
Deposit
10% Market GBP
2% 9%
Other
GBP/Euroshelf
2%
11%
CHF
7%
USD Other
EUR/Euroshelf
Global Issues 45% 6%
18% 35%
* EUR 24 bn as of June 2021
17 7/30/2021 © OeKB ‒ www.oekb.atOKB
and Comparable European Sovereign Related Issuers
OKB KfW Rentenbank KBN SEK BNG
(Austria) (Germany) (Germany) (Norway) (Sweden) (Netherlands)
Ratings Aa1 / AA+ Aaa / AAA / AAA Aaa / AAA / AAA Aaa / AAA Aa1 / AA+ Aaa / AAA / AAA
80% German Federal 100% ownership by 50% Netherlands,
Wholly owned by 100% owned by the
Ownership Republic, 20% Federal - the government of 50% Dutch local
Austrian Banks Swedish government
States Norway government
Guarantee Explicit Explicit Explicit Implicit Implicit Implicit
(BIS) Risk Weighting 0% 0% 0% 20% 20% 20%
Primary function is German development
provision of export bank; involved in
To ensure access to Financing the Dutch
finance; supporting a range of Financing the
Sole role is to lend to financial solutions for Public Sector,
Agency function for public policies incl. agricultural sector,
Purpose the local and regional the Swedish export Exclusive paying
administration of lending to SMEs, food industry and
government sector industry on agent for the Dutch
export guarantees on housing, infrastructure rural economies
commercial terms municipalities
behalf of Republic of and assistance to
Austria developing markets
Global Programme (144A) (144A)
2021 Expected Funding €4-5bn €70-80bn €11bn $10bn $14-16bn €14bn
Total Debt Outstanding* €24bn €385bn €70bn $62bn $36bn €91bn
* Bloomberg (as of 17 June 2021)
18 7/30/2021 © OeKB ‒ www.oekb.atOKB vs. Peers
USD Globals – Secondary trading levels
6 OKB EIB KfW KBN BNG
4
2
ASW (bps)
0
-2
-4
-6
2 Year 3 Year 4 Year 5 Year
19 7/30/2021 © OeKB ‒ www.oekb.atUSD Globals – Distribution by Type
Average placement
Central Banks/ Bank Treasuries/
Official Institutions Banks
73%
57% 55% 60%
54%
33%
26% 28%
20%
12%
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Asset Managers Pension & Insurance /Corporates
28%
15% 12%
11%
6% 3% 4%
1% 1% 1%
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
20 7/30/2021 © OeKB ‒ www.oekb.atUSD Globals – Distribution by Region
Average placement
Americas Europe
45% 43%
38% 40%
31% 33% 31%
32%
28%
14%
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Asia Middle East & Africa
37%
34%
27%
24%
17%
7% 5% 4% 5% 5%
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
21 7/30/2021 © OeKB ‒ www.oekb.atEUR 1.75 bn Benchmark due April 2023
Distribution by region Distribution by type
UK Other
6% Asset 1%
Scandinavia Manager/Insurance
8% /Pension Fund
Other Europe 11%
40%
BeNeLux
10%
Asia
12%
Central Banks/
Banks
Official Institutions
39% 49%
Austria/Germany/
Switzerland
24%
22 7/30/2021 © OeKB ‒ www.oekb.atInaugural Sustainability Bond
Allocation of proceeds (EUR 500 mn)
Composition Category Region
Americas
Access to Renewable 6%
Green essential energy
30% services 30% Africa
38% 15%
Europe
48%
Asia
Social Promoting
Basic
employment 31%
70% infrastructure
creation
12% 20%
23 7/30/2021 © OeKB ‒ www.oekb.atGBP Issues
GBP 5.6 bn issued, of which GBP 2.9 bn outstanding
Distribution by region Distribution by type
Americas Fund Managers/
Banks/Bank
Pension Funds/
1% Insurance
Treasuries
EMEA
28% 39%
21%
GBP 625 mn 0.750% due Mar 2022
GBP 1.025 mn 1.125% due Dec 2022
GBP 580 mn 1.250% due Dec 2023
GBP 500 mn 0.500% due Dec 2025
GBP 150 mn 5.750% due Dec 2028
Asia United
Kingdom Central Banks/
25%
53% Official Institutions
33%
24 7/30/2021 © OeKB ‒ www.oekb.atAUD Placement Distribution
Distribution by region Distribution by type
Australia
Asia 1% Central Banks
22% 16%
Pension
AUD 450 mn 3.200% due Aug 2025 Funds
7%
AUD 215 mn 3.500% due Aug 2027
AUD 175 mn 3.300% due Nov 2028
Japan Insurers
77% 77%
25 7/30/2021 © OeKB ‒ www.oekb.atECP Money Market
Guarantor Republic of Austria Distribution by region Distribution by type
Rating A-1+/P-1 Other
Other
4% Middle- 4%
East
Program size EUR 10 bn Americas 30% European
20% MMF
Multi-Currency
Currencies 16%
Program
Maturity 7 – 365 days
Europe
Turnover 2020 EUR 4.6 bn 21%
Average maturity
126 days
2020 Asia
25% Central Banks/Official
BARC/BAML/CITI/ Institutions/Agencies
Dealers
CS/GS/UBS 80%
Outstanding as of EUR 868mn
June 18, 2021 (USD 1.0bn)
26 7/30/2021 © OeKB ‒ www.oekb.atUSCP Money Market
Guarantor Republic of Austria Distribution by region Distribution by type
Central Banks &
Latin America Official Institutions
Rating A-1+/P-1 Canada 1% 2% Asset
5% Banks
Managers
Program size USD 5 bn 6%
36%
Other
Currencies USD 8%
Maturity max. 270 days
Turnover 2020 EUR 4.1 bn
Average maturity Money Market
82 days Corporates
2020 Funds
USA 28%
20%
Dealers BARC/CITI/GS/JPM 94%
Outstanding as of
USD 209 mn
June 18, 2021
27 7/30/2021 © OeKB ‒ www.oekb.at04 OKB’s Sustainability Management Austria’s Export Credit Agency 28 7/30/2021 © OeKB ‒ www.oekb.at
Milestones in OKB’s Sustainability Management
OKB’s long-standing sustainability focus
1985 2003 2007 2015 2019 2020
ÖGUT (Austrian Yearly UN Global SDG Alignment Providing Providing COVID
Society for sustainability Compact incentives for support
Environment and reporting participant more sustainable programs for
Technology) according to GRI investments with companies
founding (Global Reporting “Exportinvest TCFD-supporter
member Initiative) Green”
2001 2006 2008 2018 2019 2021
EMAS certified “Workandfamily” Foundation of Supporting the Inaugural Second
(Eco Management audit certified Oesterreichische Republic’s Green Sustainability Sustainability
and Audit Scheme) Entwicklungsbank Finance Agenda Bond Bond
(OeEB) Gutmann OeEB
Impact Fund
29 7/30/2021 © OeKB ‒ www.oekb.atOeKB ESG-Rating
Prime C+ ESG Risk Rating MSCI AA
1st out of 14,194
January 26, 2021 April 20, 2021
April 14, 2021
OeKB received an ESG Risk Rating of 2.9
and was assessed by Sustainalytics to be
at negligible risk of experiencing material
financial impacts from ESG factors.
OeKB’s ESG Risk Rating places it in the 1st
percentile of the banking industry assessed
by Sustainalytics.
DISCLAIMER: Copyright ©2021 Sustainalytics. All rights reserved. This publication DISCLAIMER The use by OeKB AG of any MSCI ESG research llc or its affiliates (“MSCI”)
contains information developed by Sustainalytics (www.sustainalytics.com). Such data, and the use of MSCI logos, trademarks, service marks or index names herein, do not
information and data are proprietary of Sustainalytics and/or its third party suppliers constitute a sponsorship, endorsement, recommendation, or promotion of OeKB AG by
(Third Party Data) and are provided for informational purposes only. They do not MSCI. MSCI services and data are the property of MSCI or its information providers, and
constitute an endorsement of any product or project, nor an investment advice and are are provided ‘as-is’ and without warranty. MSCI names and logos are trademarks or
not warranted to be complete, timely, accurate or suitable for a particular purpose. Their service marks of MSCI.
use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers.
30 7/30/2021 © OeKB ‒ www.oekb.at05 OKB’s Sustainable Financing Framework Austria’s Export Credit Agency 31 7/30/2021 © OeKB ‒ www.oekb.at
EUR 500 mn Sustainability Bond due October 2026
Distribution by region Distribution by type
Other Europe Pension/ Insurance
UK 3% 5%
7%
Central
Fund
Austria/Germany Banks/ Official
Asia Managers
22% 27%
Institutions
7% 34%
North
America
10%
Nordics France
13% 20%
BeNeLux Banks
18% 34%
32 7/30/2021 © OeKB ‒ www.oekb.atInaugural Sustainability Bond
Key Impact Measures
Renewable energy Access Promoting Basic
to essential services employment creation infrastructure
142 MW 1.8 mn 100 mn 54,000
Renewable energy installed Beneficiaries (health care) SME financing in Austrian Beneficiaries from
regions with an above average water system modernization
622 unemployment rate
New hospital beds 74 km
300 Water pipes
5,110 SMEs financed in Austrian
Hospital beds modernized regions with an above average
1,200
unemployment rate Photovoltaic street lamps
100
Ambulance cars
1,565
Beneficiaries (education)
33 7/30/2021 © OeKB ‒ www.oekb.atNOK 1 bn Sustainability Bond due March 2026
Allocation of proceeds
Composition Category Region
Promoting
employment Renewable Europe Asia
Social energy 17% 35%
creation
29% 29% 52%
Africa
Green Sustainable 23%
71% management of natural America
resources and land use 25%
19%
34 7/30/2021 © OeKB ‒ www.oekb.atSecond Sustainability Bond
Key Impact Measures*
Renewable energy Environmentally Promoting
sustainable management employment creation
of living natural resources
and land use
56 MW
66 GWh 16,042 t CO2 EUR 178.7mn
Energy from Solar and Wind Reduction of Emissions Local Income Generated
39,259 t CO2 119,792
Reduction of Emissions Micro Enterprises reached
EUR 5.7mn 46
Local Income Generated SMEs reached
*As part of the Sustainability Bond Impact Reporting, we report the impact according to the relative share of our financing
35 7/30/2021 © OeKB ‒ www.oekb.atSustainable Finance Framework - Use of Proceeds
Eligible Green Project categories Eligible Social Project categories
Renewable Promoting employment Access to essential
Energy efficiency
energy creation services
Basic infrastructure in
Pollution prevention Climate change Affordable
adaptation developing countries as
and control housing
defined by the OECD
Sustainable water Clean
management transportation
Environmentally
sustainable
management of living
natural resources and
land use
36 7/30/2021 © OeKB ‒ www.oekb.atOKB Selection Process and Evaluation
Screening of application
Transaction exporting capital goods with a credit period ≥ 2 years
Yes
Transaction value ≥ EUR 10 mn
No No
Yes Sensitive area
Yes No
Type I: Procedure in accordance with OECD
Type II: “Watchful Eye” procedure
Common Approaches
37 7/30/2021 © OeKB ‒ www.oekb.atManagement of Proceeds
01 02 03
Deposit in the general Working capital financing Allocation to eligible project
funding accounts for SMEs Sustainable Financing Register
The proceeds of each OKB Green, Until they are allocated to eligible Sustainable Financing Register
Social or Sustainability Bond(s) will projects, proceeds will be invested in will be reviewed on an ongoing
be deposited in the general funding working capital financing for SMEs. basis to account for any asset
accounts and earmarked for Exclusion list.
allocation in the Sustainable divestment or other material
Financing Register. Working capital financing for changes.
SMEs in the area of weapons,
fossil fuels, military goods, tobacco,
palm oil, gambling, and adult
entertainment is ineligible for the
OKB’s Green, Social, or Sustainability
Bond(s).
38 7/30/2021 © OeKB ‒ www.oekb.atAllocation Reporting
01 02 03
Annual reporting until full The information will contain at Publicly available on OKB’s
allocation of the net proceeds least the following details: website
I. Major changes in regard to I. Eligible Projects Categories I. The impact report covers all
financed projects will be financed through OKB’s Green, outstanding OKB Green, Social
reported also after full allocation Social or Sustainability Bond(s), and Sustainability Bonds.
is reached. including amounts allocated and
region;
II. The report contains the main
features of the external annual II. The remaining balance of
review, currently performed by unallocated proceeds and
Sustainalytics
III. The allocated proceeds by type
of lending (lending via
commercial banks and OeEB).
39 7/30/2021 © OeKB ‒ www.oekb.atImpact Reporting
Impact reporting will be provided based on Exemplary reporting metrics
available data (ex-ante).
For loans via commercial banks as well as for all
corporate loans and project financing, OKB and Core indicators for
Renewable energy
OeEB will strive to provide impact reporting under
the metrics recommended by ICMA’s Working GHG emissions reduced/avoided
Group on Impact Reporting. renewable energy generation
capacity of renewable energy added
For most of the intermediary lending (i.e. lending
through financial institutions to specific end-
beneficiaries as well as lending through funds) Core indicators for Promoting
employment creation
OeEB will be able to provide impact reporting as
defined in the Framework. Number of micro enterprises and/or SMEs funded
Amount of financing provided to micro enterprises
OKB published its first Sustainability and/or SMEs
Bond Report with detailed Allocation Number of SMEs funded that are located in a region
and Impact Reporting in July 2020 with an unemployment rate that is higher than the
www.oekb.at
annual national average (annual unemployment rate)
OKB Sustainability
Bond Report
40 7/30/2021 © OeKB ‒ www.oekb.atSecond Party Opinion
[…] Sustainalytics considers OKB to be well-positioned to issue green, social and
sustainability bonds and believes that the OKB Sustainable Financing Framework is
impactful, transparent and in alignment with the four components of the Green
Bond Principles 2018, the Social Bond Principles 2018, and the Sustainability Bond
Guidelines 2018.
Use of Project Evaluation/ Management Reporting
Proceeds Selection of Proceeds
Regarding the impact report,
where available, OKB
Sustainalytics considers Sustainalytics views OKB’s The Sustainable Financing
commits itself to disclosing
that the eligible projects internal process for project Register will be reviewed on
data on relevant metrics
will lead to positive evaluation and selection to an ongoing basis to track
based on each eligibility
environmental and social be aligned with market any material change based
criterion on an annual basis.
impacts while advancing best practice. on eligibility criteria. Projects
OKB also committed to an
the UN Sustainable that are not aligned with the
independent annual review
Development Goals. eligibility criteria will be
of its reporting which is in
excluded. This process is in
line with best practice.
line with market practice.
41 7/30/2021 © OeKB ‒ www.oekb.at06 Appendix Austria’s Export Credit Agency 42 7/30/2021 © OeKB ‒ www.oekb.at
Consolidated Financial Information (EUR mn) 2017 2018 2019 2020 Total assets 26,005 28,714 35,516 35,516 of which export financing 24,858 27,560 32,061 32,061 Total equity 801 791 808 821 Profit before tax 52 41 67 63 Total comprehensive income 59 27 39 46 Capital ratio 82.6% 86.0% 78.2% 77.4% Number of employees 445 466 505 523 No loan loss provisions since the inception of the export financing scheme No impaired financial assets 43 7/30/2021 © OeKB ‒ www.oekb.at
OKB’s Shareholders
Shareholders Shares in %
CABET-Holding-GmbH, Vienna (UniCredit Bank Austria Group) 24.750
UniCredit Bank Austria AG, Vienna 16.140
Erste Bank der oesterreichischen Sparkassen AG, Vienna 12.890
Schoellerbank Aktiengesellschaft, Vienna 8.260
AVZ GmbH, Vienna 8.250
Raiffeisen Bank International AG, Vienna 8.120
BAWAG P.S.K. Bank für Arbeit und Wirtschaft und
5.090
Österreichische Postsparkasse Aktiengesellschaft, Vienna
Raiffeisen OeKB Beteiligungsgesellschaft mbH, Vienna 5.000
Oberbank AG, Linz 3.890
Beteiligungsholding 5000 GmbH, Innsbruck 3.055
BKS Bank AG, Klagenfurt 3.055
Volksbank Wien AG, Vienna 1.500
The share capital of EUR 130 million is divided into 880,000 ordinary no par value shares in registered form, not listed.
44 7/30/2021 © OeKB – www.oekb.atExport Guarantees
Broadly Diversified by Sector and Region as of Dec 2020
Servicing top exporters Outstandings per region – EUR 30 bn*
Mining industry
Africa Comprehensive
Financial 2% policies
sector/services 5%
Latin America 3%
5% 6%
Metal industry
Pulp and paper 23%
Supra-regional
5% North America 23%
Environment/ 7%
urban Medical
infrastructure technology
5% 20%
Asia and
Traffic Middle-East
7% 13%
Rest of Europe
Other
23%
sectors
7%
Southern/Eastern
Machinery Energy Europe
9% 17% 20%
* Including Promissory Notes and OeEB
45 7/30/2021 © OeKB ‒ www.oekb.atGeneral Hospital in Point Fortin (Trinidad and Tobago)
Access to essential
services
Construction of a hospital in Trinidad and Tobago
This project ensures the medical care of the population.
The hospital is designed as a post-disaster building (hurricane
and earthquake) and includes a waste water treatment plant.
Project owner: VAMED, Austria
Location: Point Fortin, Trinidad and Tobago
Capacity: 116 beds
Financing: EUR 81 mn
Completion date: 2nd Quarter 2020
46 7/30/2021 © OeKB ‒ www.oekb.atWater supply system Altai (Mongolia)
Basic
infrastructure
The project supports the Millenium Development Program of Mongolia
and helps to improve the water supply conditions in Altai
18,000 residents of Altai City will have access to high quality water
Scope of the project includes a water intake for the water withdrawal
from the reservoir, water treatment, approx. 55 km of transport
pipelines incl. pumping stations, two water reservoirs with a capacity of
1,000 m3 each; mechanical, electrical and control equipment,
construction services, engineering services and training
Exporter: Tiroler Rohre GmbH, Austria
Location: Gobi-Altai, Mongolia
Financing: EUR 14 mn
47 7/30/2021 © OeKB ‒ www.oekb.atSolar power plants „Nubian Suns“ (Egypt)
Renewable
energy
OeEB co-finances construction and operation of three 50 MW
each solar projects
Part of IFC’s „Nubian Suns Egypt Solar Financing Programme“:
construction of 13 solar power plants producing 1,600 GWh
p.a. energy for 350,000 households
Financing:
− In total: USD 653 mn
− OeEB financing: USD 20 mn
48 7/30/2021 © OeKB ‒ www.oekb.atIntegrated Sustainability Management
Berne Union Guiding Principles IFC Performance Standards OECD Recommendation on Common
Approaches for Officially Supported Export
Credits and Environmental and Social Due
Diligence
OECD Recommendation on Bribery and
Officially Supported Export Credits
National Law (Export Guarantees Act, Export ILO Core Labour Standards
Financing Guarantees Act, Sustainability OECD Recommendation on Sustainable
Policy of the Ministry of Finance) Lending Practices and Officially Supported
Export Credits
OECD Convention on Combating Bribery
OECD Guidelines for Multinational Enterprises
UN Global Compact
World Bank EHS-Guidelines (Environment, UNHCR Guiding Principles on Business and
Health, Safety) World Bank Safeguard Human Rights Agreement of participants in
Policies, World Bank Environmental and the United Nations Framework Convention
Social Framework (ESF) on Climate Change
49 7/30/2021 © OeKB ‒ www.oekb.atOeEB at a Glance
Mandated by the Austrian Finances investments of private
Founded in March 2008 in Vienna Government as the official companies in developing
Development Bank of Austria countries and emerging markets
Project requirements New commitments 2020 Committed Portfolio 2020
be located in a developing country (Financing & Equity): (Financing & Equity): EUR 1.44 bn
EUR 301.6 mn
be predominately in the private
sector
be commercially self-supporting
Total assets 2020: Operating profit 2020:
demonstrate positive development EUR 1.092 bn EUR 6.4 mn
effects for the host country
fulfill international best practice
environmental and social Profit for the year 2020: Staff 2020: 71
standards EUR 4.7 mn
Standard & Poor’s Rating 2020: AA+
50 7/30/2021 © OeKB ‒ www.oekb.atOeEB’s Impact – Portfolio level
More than EUR 549 mn (38% of OeEB’s OeEB’s projects have provided access to
portfolio) are invested in climate-related finance for over 226,300 micro-, small- and
projects in developing countries. medium-sized enterprises.
OeEB‘s projects created 2,640 MW of
additional power generation capacity and Over 673,000 people are employed in the
produced 6,029 GWh power from renewable projects financed by OeEB.
sources.
Over 4 million people were supplied with
28% of the people employed in OeEB’s
energy from renewable sources in OeEB’s
projects are women.
projects.
1,5 million tons of CO2 emissions have been
More than 1,100 people have benefited from
saved by the renewable energy projects
training measures directly financed by OeEB.
financed by OeEB.
Disclaimer: As part of the Sustainability Bond Impact Reporting, we report the impact according to the relative share of our financing. All other OeEB impact reports are based on the overall impact of the project, as is customary within the
framework of the European Development Financial Institutions (EDFIs)/as agreed upon in the European Development Financial Institutions (EDFIs). Figures as of 31/12/2020
51 7/30/2021 © OeKB ‒ Max Example ‒ www.oekb.atOeEB’s Committed Portfolio (Financing & Equity)
EUR 1.44 bn as of December 31, 2020
by region by sector Financial Sector
Middle East
2% Others
Caucasus/Central Asia
2% 2%
Agriculture
12% 5%
Western
Balkans/Eastern Multisector
Europe Renewable
7% Energy
27%
25%
Manufacturing
& Industry
Africa 9%
19%
Infrastructure
11%
SME
21%
South & East Asia
Central & South 20% Microfinance
America/Caribbean
18%
20%
52 7/30/2021 © OeKB ‒ www.oekb.atOeEB Selection Process and Evaluation
Screening of transactions, Harmonizes EDFI Exclusion List
Due diligence according to EDFI
Harmonized Standards
Passed Not passed
Environmental and social risks identified
Binding conditions / action plan for loan agreement Transaction declined
53 7/30/2021 © OeKB ‒ www.oekb.atRegulatory Environment
Export Financing Guarantees Act – EFGA
(Federal Law Gazette No. 216/1981, as amended)
Export Guarantees Act – EGA
(Federal Law Gazette No. 215/1981, as amended)
Austrian Banking Act
(Federal Law Gazette No. 532/1993, as amended)
Exemption for the Export Financing Scheme due
to Art 3 para 1 No 7 and Art 39 para 3 and 4
EU Capital Requirements Directive (CRD) 2013/36/EU
Explicit exemption for OKB due to Art 2 para 5 no 17
EU Capital Requirements Regulation (CRR) 2013/575/EU
not applicable to OKB due to exemption from CRD
EU Bank Recovery and Resolution Directive (BRRD) 2014/59/EU
not applicable to OKB due to exemption from CRD
54 7/30/2021 © OeKB ‒ www.oekb.atContacts Treasury Anish Gupta – Head of Treasury Elisabeth Schneider – Deputy Head of Treasury Maximilian Plattner – Director, Markets Monika Seitelberger – Director, Markets Alexander Schierlinger-Brandmayr – Manager, Markets investor.relations@oekb.at www.oekb.at 55 7/30/2021 © OeKB ‒ www.oekb.at
Disclaimer
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