meridiam - International Economic Forum of the Americas

Report
International Economic Forum of the Americas
20th Conference of Montreal
10 June 2014
Meridiam in Brief
Meridiam is a global developer, investor and asset manager specializing in public
and community infrastructure delivered through public-private-partnerships
Investing through its 25-year funds, Meridiam takes a long-term view on
infrastructure investment
32
110
$3.8bn
PROJECTS
EMPLOYEES
OF ASSETS UNDER
MANAGEMENT
AROUND THE WORLD
INCLUDING 50 WORKING IN PROJECT
INCLUDING 9 IN NORTH AMERICA
COMPANIES
FOR PROJECTS WORTH
15 DIFFERENT NATIONALITIES
$33 BILLION INVESTMENT
2
Meridiam creates an alignment of interest between stakeholders
• Focused exclusively on equity financing for infrastructure projects
• Aligns the interest of our investors with those of our public authority partners
• Our investors are primarily public development banks and institutional investors (e.g. pension funds
and insurance companies)
3
Meridiam specializes in long-term investment in infrastructure
ASSETS
RESOURCES
Need for investment in public
services infrastructure
Need for long term stable
investments
MERIDIAM
25 year infrastructure funds dedicated to matching assets with resources through the development,
construction and management of public services infrastructure
• Identifying the public sector’s requirements
• Mobilizing know-how from industrial partners
• Managing interfaces for complex projects
• Partnering with public sector to achieve performance
• Risk management and whole life costing approach
• Investing from project inception to end of operations
TO BE THE PARTNER OF CHOICE FOR PUBLIC AUTHORITIES
AND INDUSTRIAL PARTNERS
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Investment Portfolio - 32 projects across three funds
LIFT
CRCHUM
NOTTINGHAM TRAM
WATERLOO LRT
UOH STUDENTS
ACCOMMODATION
NEAH
SCOTTISH ROADS
E18 MOTORWAY
IOW ROAD
MAINTENANCE
LIMERICK TUNNEL
A5 MOTORWAY
A2 PHASE 1
A2 PHASE 2
PRESIDIO PARKWAY
R1 MOTORWAY
LONG BEACH COURTHOUSE
VIENNA RING ROAD
RENNES HOSPITAL
LBJ
ANNEMASSE
HOSPITAL
CHATEAUROUX
GENDARMERIE
NORTH TARRANT EXPRESS (NTE)
A66 MOTORWAY
NAVIGATION DAMS
NTE SEGMENTS 3A-3B
A334 MOTORWAY
L2 MARSEILLE
PORT OF MIAMI TUNNEL
CNM HSL
K
E
Y
CLOSED PROJECT
SOCIAL
ROAD
PREFERRED BIDDER PROJECT
ENVIRONMENTAL
VÉLODROME
SEA HSL
RAILWAY
5
ADANA HOSPITAL
Portfolio Extract: Urban Regeneration
FULCRUM LIFT (United Kingdom)
30 years
Improvement of primary cares facilities
UK Government’s Department of Health PPP program
Local premises to accommodate doctors, pharmacies.
• Revenue generation: availability payments
• 100% ownership of Fulcrum Infrastructure Management, the management company of
Project Companies
Long Beach Court Building (California)
37 years
Construction and management of a new courthouse,
replacing the existing dilapidated Long Beach Courthouse.
• Revenue generation: availability payments
• Total project cost: $495 million
Saint-Quentin-en-Yvelines Velodrome
(France)
30 years
Construction and management of an olympic velodrome
with a 5,000 people capacity.
• Revenue generation: availability payments
• Total project cost: €74 million
6
Portfolio Extract: Public Transportation
Waterloo LRT (Ontario, Canada)
30 years
Construction and maintenance of a 19 km light rail line
• Revenue generation: availability payments
• Total Project cost: c. CAN$ 500 million
Nottingham Express Transit Phase 2
(United Kingdom)
22 years
Design, construction of the extensions of the existing Nottingham Express
Transit Line One (phase One) by two further tram lines; operation and
maintenance of the entire network (phase One and phase Two).
• Revenue generation: users paid fees and availability payments
• Total project cost: £590 million
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Portfolio Extract: Reducing Congestion
North Tarrant Express Segments 3A & 3B
(Texas)
48 years
Design, construction of a new section of 6.2 miles of Managed Lanes and General
Purpose Lanes along with a major interchange, and then the operation and
maintenance of this plus another 4 miles of Managed and General Purpose Lanes
• Revenue generation: user paid tolls
• Total project cost: €1.3 billion
IH-635 (LBJ) Managed Lanes (Texas)
52 years
Construction and management of 20.8 km length sections
of the primary orbital roadway in Dallas within the Dallas-Forth Worth
International Airport area. Original financing by rated public bond emission
• Revenue generation: user paid tolls
• Total project cost: $2.7 billion
L2 Marseille (France)
30 years
Design, construction, and maintenance of a new section
of 9.5 km of partially cut‐and‐covered, that will link the A50 in the South‐East to
the A7 in the North
• Revenue generation: availability payments
• Total Project cost: c. €600 million
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Extensive network of partners
An access to projects through relationships with global industrial sponsors
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Meridiam is a certified fund manager with a commitment to ESG
Meridiam Certification
Commitment to ESG principles
• ISO 9001: 2008 certification achieved for
responsible investment process
• ESG is at the core of Meridiam’s certified
investment and asset management processes
• Meridiam is ISO certified since 2012 and
certification is renewed on an annual basis (latest
renewal in January 2014)
• Meridiam Sustainable Development Charter
embraces:
o
o
o
o
o
• Meridiam has adopted a Quality Manual in the
form of a Meridiam Book of Procedures based
on 8 processes supported by underlying
procedures
Principles of the 1948 Universal Declaration of Human Rights
Principles of the International Labor Organization
Principles of the United Nations Global Compact
Equator Principles
UNPRI
• Meridiam is committed to building long-term
projects which gain support from local
communities
• Meridiam
maintains
Key
Performance
Indicators, framing its activities and under the
monitoring of Meridiam board
• Meridiam reports to its investors:
• Meridiam went through a Corporate and Social
Responsibility assessment by VIGEO in 2013 and
obtained a robust performance assessment
o An overview of ESG aspects for each project in the portfolio is
included as part of the quarterly reporting
o An annual ESG report presents Meridiam’s approach and
policies, as well as an analysis of each project in the portfolio
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