Presentation Transcript

1. EIG Global Energy Partners

   ACCELERATE OIL + GAS The Brazillian Oil & Gas Development & Investment Expo-Forum May 2013
2. EIG Global Energy Partners(“EIG”) Among the leading institutional providers of capital to the energy sector globally Singular focus on energy and energy-related infrastructure throughout its 31-year history Broad offering of capital to industry (senior debt through equity) Global investment focus Global investment platform Operate from Houston, Washington D.C., London, Sydney, Hong Kong, Seoul & Rio de Janeiro Strong and consistent 31-year track record; the longest in the industry 15 funds, 290+ portfolio investments Invested $15 billion in energy globally Demonstrated investment performance through multiple commodity and business cycles Note: Past performance is not a guarantee of future results.
3. EIG Historical Investment Activity EIG Office Locations EIG’s Global Investment Platform Integrated Technical and Investment Team EIG is led by CEO R. Blair Thomas, and Co-Presidents Kurt Talbot (CIO) and Randall Wade (COO) The three principals have an average of 17 years with EIG Experienced team with significant technical expertise 36 investment professionals 11 with engineering backgrounds, averaging 22 years of industry experience Investment experience in 33 countries on six continents London Seoul Washington Houston Hong Kong Rio de Janeiro Hong Kong Washington, DC Houston Sydney London Sydney Stephen Suo, Ex. Dir.* Will Thierbach, Ex. Dir. R. Blair Thomas, CEO Derek Lemke-von Ammon, MD Wallace Henderson, MD Jerry Stalun, MD Brian Gilmore, SVP Andrew Ellenbogen, VP Simon Hayden, VP Niranjan Ravindran, VP* Brian Boland, AVP Patrick Songsanand, AVP* Mark Bilali, Associate Kurt Talbot, CIO* Randall Wade, COO Curt Taylor, MD* Patrick Hickey, SVP* Richard Punches, SVP Clay Taylor, SVP Margaret Franks, VP Ali Kouros, VP* Dan Plate, Associate Chris Tuohy, Associate Tony Schultz, MD* Andy Zhmurovsky, SVP Nick Woolrych, VP* Ken Lee, AVP Kevin Lowder, AVP Jean-Daniel Borgeaud, MD* Walid Mouawad, VP Hoshrav Patel, Associate Seoul Daesung Jung, SVP Kevin Hyun, VP Timothy Shin, VP Rio de Janeiro Kevin Corrigan, SVP *Engineer 2
4. EIG Historical Investment Activity EIG Office Locations EIG Team Portfolio Administration and Corporate Governance Deep team providing best-in-class service to EIG fund investors Randall Wade (COO, Co-President) leads a team of 33 dedicated professionals Expertise with regards to legal, compliance, tax, accounting, finance, capital development and limited partner reporting SEC Registered Investment Advisor with regulated affiliates in the United Kingdom, Australia and Hong Kong London Seoul Washington Houston Hong Kong Rio de Janeiro Capital Development & IR Finance, Accounting & Tax Administrative Team Legal & Compliance Sydney Pritpal Aujla, CFO Phil Abejar, SVP Bryant Cohen, SVP Christine Best, VP Ruairi Grant, VP Jonathan Hui, AVP Sarah Koulanjian, AVP Huey Siow, AVP Paul Clatterbuck, Analyst Malin Henriksson, Analyst Albina Kuzmenko, Analyst Carly Wasik, Analyst Derek Lemke-von Ammon, MD Renee Davidovits, VP Zohra Mayet, Analyst Miriam Oakley, Coordinator Angel Dunn Joni Estrada Amanda Hansen Samantha Hartzman Tatiana Levin Ada Liu Iris Peoples Jade Turpin Katherine Veale Robert Vitale, General Counsel Carla Vogel, CCO Ben Vinocour, Associate Counsel Brian Maxted, Associate Counsel Terria McGee, Analyst Human Resources Portfolio Analytics & Valuation Allison Grace, SVP Rebecca Wegand, Coordinator Niranjan Ravindran, VP* *Engineer 3
5. EIG Target Energy Markets EIG actively invests globally throughout the energy and resource value chain Renewables Upstream Infrastructure Midstream Gas to Liquids Transportation Gas to Electrons Wind Solar Biofuels Geothermal Pipeline Reserve-based Development LNG Tankers Gathering Systems Production Payments Specialty Tankers Processing Facilities Forward Oil Sales VLCC Vessels Gas Storage Resources Bunkering Production Platforms LNG LNG Regasification Terminals Drill Ships Synfuels Gas Sales, Pipelines, FPSOs Processed Gas Gas-Fired Power Plants, (methanol, fertilizer, DME) Drilling Rigs Electricity T&D 4
6. EIG History As of December 31, 2012
7. EIG Investment Breakdown - $8.0 Billion (2008-2012) Investments By Sub-Sector As at December 2012, In $ Millions Investments By Country As at December 2012, In $ Millions
8. EIG Investment Breakdown - $8.0 Billion (2008-2012) Investments By Ranking As at December 2012, In $ Millions
9. EIG Current Portfolio in Brazil Totaling Nearly US$ 700MM in: SeteBrasil - construct and own 29 UDW drillships to assist Petrobras explore & develop pre-salt reserves TransportadoraBrasileiraGasoduto Bolivia-Brasil S.A. (“TBG”) - 27% ownership stake Manabi Iron Ore Project - preterred shares investment 8
10. Historical Competitive Landscape The competitive landscape of energy-related financing opportunities has changed dramatically since the 1980s EIG has been a constant and has successfully invested across multiple cycles Competitive Landscape Annual Deal Flow Franchise Players Initial Screen 200+ Detailed Analysis ~100 OtherSpecialists Term Sheet ~40 ~10 Completed Transactions Generalists Hedge Funds and Public Markets
11. Patient, Collaborative Approach to Partnering and Investing Tenets of EIG´s partnership philosophy: Long-term approach Collaboration and teamwork to solve any difficult issues that arise Seek to create value for key stakeholders – company, employees and investors Consideration and assessment of environmental impacts of each investment 10
12. Keys to EIG’s Investment Style Disciplined, Value-Oriented Investment Approach We seek: Bottom-up internal technical analysis Investment underpinned by physical assets with long useful life and strong cash flow Hybrid debt: secured by shares or assets Structured equity: preferred or commonequity supported by physical assets and contracts Yield enhancement and inflation hedge through equity participation Active management of investments through covenants and board participation Self liquidating structures with meaningful prepayment premiums 11
13. Disclaimer The information contained herein does not constitute an offer to sell or a solicitation of an offer to buy an interest in any Fund sponsored by EIG. The information in this presentation may not be reproduced or redistributed in whole or in part, in any format, without the express written approval of EIG. Certain information contained herein has been obtained from published and non-published sources and has not been independently verified by EIG, who does not assume responsibility for the accuracy of such information. Furthermore, in certain respects, the information contained herein is incomplete without being supplemented by the accompanying oral presentation and discussion. Applicable securities laws may prohibit you and any other recipient of these materials from purchasing or selling securities of a company discussed herein or in the accompanying presentations, or from providing any information relating thereto to any person. By participating in the annual meeting and listening to such presentations, you agree that you understand the legal prohibition on such insider trading. If you receive a request, or determine that you are required by law, to disclose any of the information contained in this presentation, please contact EIG as soon as possible after you receive such request or make such determination. In these materials, unless otherwise provided, (i) all investment performance data is calculated as of December 31, 2012 , (ii) all IRRs do not reflect the payment of fund expenses, management fees or carried interest, if any, (iii) all publicly traded investments are valued at the applicable closing price as of December 31, 2012 and (iv) all unrealized private investments are valued at fair value, as calculated by EIG in good faith as of December 31, 2012 . Projected values are based on current market conditions and a variety of assumptions which may change significantly. There can be no assurance that unrealized investments will be ultimately realized for their projected values or that significant losses will be avoided. Past performance is not a guarantee of future results.