2005 Annual report Proparco

Page 2

1

Chiffres clés 2005

THE COMPANY KEY FIGURES FOR 2005

Key Figures for 2005 Fonds Propres - Equity Autorisations - Transaction approvals

1

CHAIRMAN’S MESSAGE

2

CORPORATE GOVERNANCE

4

INTERNATIONAL ECONOMY

5

KEY EVENTS FOR THE COMPANY IN 2005

7

PROPARCO’S BUSINESS SCOPE

7

PROPARCO, A SUBSIDIARY OF AFD DEDICATED TO FINANCING PRIVATE COMPANIES

33,2 M€

10

Dix opérations - Ten transactions

Société de promotion et de participation pour la coopération économique

RÉPARTITION DU CAPITAL DÉTENU CAPITAL BREAKDOWN Agence Française de Développement

Autres organismes financiers français

13

OBJECTIVES AND OPERATING PRINCIPLES

13

OPERATING PRINCIPLES

93,2 M€

14

OPERATING STRATEGY

26 A COMPLETE RANGE

ACTIONS SHARES

Prêts - Loans

68 %

6 026 820

Autorisations - Transaction approvals

15 %

1 344 900

11 %

986 143

EUROPEAN COOPERATION WITHIN EDFI

Valeur brute du portefeuille de fonds propres Gross value of equity portfolio

% %

Agence Française de Développement

PROPARCO, ACTIVELY EMBRACING

OF FINANCING INSTRUMENTS 26

EQUITY INVESTMENTS

28

LOANS

326,5 M€

30

GUARANTEES

Vingt-six opérations - Twenty-six transactions

31

ACCESS TO PRODUCTS AND PROJECT SUPPORT FACILITIES

Other French financial institutions Autres organismes financiers internationaux

Encours des prêts - Outstanding loans

648,0 M€

Other international financial institutions Investisseurs - Investors

6%

Autres - Others

551 992

0%

Total - Total

145

100 %

Garanties - Guarantees

33

AN AFD DIVISION SPECIALISING IN PRIVATE SECTOR FINANCING

33

HEAD OFFICE DEPARTMENTS

34

THE NETWORK

36

PROPARCO, COMPLEMENTARY INSTRUMENT OF AFD

37

AREAS OF IMPROVEMENT IN 2005

37

DIVERSIFICATION OF THE INVESTMENT PORTFOLIO

8 910 000

Autorisations - Transaction approvals

10,3 M€ Deux opérations - Two transactions

AND TRANSACTION INSTRUMENTS

Investisseurs Investors

Agence Française de Développement

Autres organismes financiers internationaux

OPERATIONAL PARTNERSHIPS

49,8 M€

39

THE QUALITY OF RISKS

39

IMPROVING MANAGEMENT SYSTEMS

40

STRENGTHENING BANKING, ENVIRONMENTAL, SOCIAL

Total du Bilan - Total Assets

6% 11 %

Other French financial institutions

38

Agence Française de Développement

Other international financial institutions

Autres organismes financiers français

Engagements de garanties - Committed guarantees

15 %

68 %

887,1 M€ Résultat Net - Net Income

AND ETHICAL DISCIPLINES WITHIN SUSTAINABLE DEVELOPMENT LOGIC

42

RESULTS

42

OPERATIONAL RESULTS

48

FINANCIAL ANALYSIS

59

APPROVED PROJECTS

11,6 M€ CONTACTS


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