DoN’T MISS

June 2-5 2020, At Home Agenda at a glance

Wednesday June 3 16.00 CEST

Wednesday June 3 17.00 CEST

COCKTAIL SPONSOR

Amateur mixologists and first-time enthusiasts alike we call on you to download our TXF Cocktail & Mocktail menu, hit the kitchen and blend up your finest ingredients, then fire up your home speakers and play our Spotify playlist in the background. Let’s enjoy the evening networking, sharing anecdotes from past glories and plotting the future course for our industry.

TXF PERFECT 10 DEALS OF THE YEAR AWARDS 2019

EXPORT FINANCE

TXF Cocktail Club

ALL TIMES IN CENTRAL EUROPEAN SUMMER TIME (CEST)

TUESDAY 2ND WEDNESDAY 3RD THURSDAY 4TH FRIDAY 5TH

12:00 The garden:Sustainability in exportcredit

13:00 Power brunch:ECA CEOpanel Round 2

14:15 Infrastructure

14:55 Deep stretch: Geopolitical Edutainment

15:20 Regional Stadiums:

The desk: Europe

11:05 Breakfast briefing: K-SURE's Global CSR case study

11:30 Tea break: Asian networking forum

11:00 The Kitchen: Opening Remarks

12:10 The study: Crisis management overview

12:35 Market analysis: Export credit market forecast

13:00 Power brunch:ECA CEO panel Round 1

14:15 Regional Stadiums:

The guest room: MENA

The dining room: Russia & CIS

12:00 The kitchen: Opening Remarks

12:30 Dust off your running shoes: Keynote ministerial address - international trade in the aftermath of Covid-19

13:00 The Home Decathlon: Global heads debate (1st leg)

14:25 Regional Stadiums:

14:00 Garden door: African overview

The garden: Africa

The TV room:Americas

15:25 Close

15:00 Home Areobics: Borrowers panel

16:20 Conference close

12:00 The kitchen: Opening Remarks

12:05 Goalball – TXFtrends, data andsurvey - round 1

13:00 PRI risk review

14:00 The new level playing field for ECA

14:40 Case study – Amur Gas Processing Plant

15:35 Rooftop plane spotting: ECAs and the long road ahead for aviation

16:05 The TV room: Closing Ceremony

16:15 Front doorstep: Final networking session

17:00 Curtain call –conference closes

Tuesday June 2All sessions

will be followed by a live Q&A

12.00 CEST

All good days start with a nutritious breakfast. Join TXF in the kitchen for a breakfast of champions; brew that coffee extra strong, leave the green tea bag in a little longer, drop an extra egg on the boil, make a super smoothie. We need you, champions of export finance, at your mentally fittest, most alert, because it is time for our unique industry to come together, network, strategize, collaborate and harness the power of our financial tools to save the world from economic ruin! No small task…

The Kitchen:Opening remarks & top trends

Dan Sheriff, CEO, TXF

12.30 CEST

Governments will continue play a key role in stimulating global economies to combat economic downturns once restrictions pertaining to Covid-19 are lifted. How can international governments cooperate to increase trade and exports? How will shortages in private sector capacity be filled by public funds? How will these schemes be structured? Will we see increased infrastructure investment to stimulate economic growth? How can export, agency and project finance leverage their tools to step up to the challenge?

Dust off your running shoes: Keynote ministerial address - international trade in the aftermath of Covid-19

Xiana Méndez, Secretary of State for Trade, Ministry of Industry, Trade and Tourism, Spain

Two teams comprised of export finance global heads go head to head to outline their vision of how our industry will evolve over the medium to long term:

The Home Decathlon: Global heads debate (1st leg)

TEAM A TEAM B

Francesca Beomonte, Global Head of Structured Trade & Export Finance, UniCredit

Dina Merkulova, Managing Director Trade & Export Finance, Alfa-Bank

Paul Richards, Head of Structured Export Finance, ANZ

Werner Schmidt, Managing Director, Global Head of Structured Trade & Export Finance, Deutsche Bank

Andre Gazal, Global Head of Export Finance, Credit Agricole CIB

Richard Hodder, Global Head of Export and Specialised Finance, HSBC

Yasser Henda, Global Head of Export Finance, BNP Paribas

Faruq Muhammad, Global Head, StructuredExport Finance, Standard Chartered

• 100m Dash (round the house): Response to the crisis; which single scheme or initiative launched in response to Covid-19 has been most impactful? Have ECAs done enough to adapt and introduce new tools? Have they supported exporters and importers through waivers, concessions and debt repayment holidays? If not, what single initiative not yet devised could have the greatest impact going into 2021?• Long jump (over the carpet): With all ECA sectors negatively impacted by the pandemic, which sectors will see the most growth over the next 5-10 years and how will we harness our financial tools to support these?• Discus throw (dinner plates): Sustainability was the single biggest issue before Covid-19, how will the export finance industry continue to rise to the challenge when business returns to normal? What more can lenders, industry and regulators do to incentivise sustainable projects?• Pole vault (the sofa): In the age of digitisation and rapid technological advance, heightened by Covid 19, how will digitisation change our industry?

Co-moderator: Katy Rose, COO, TXF

Co-moderator: Dominik Kloiber, Co-founder, TXF

13.00 CEST

14.25 CEST

14.00 CEST

15.25 CEST

Purpose built interactive networking forums to allow SOEs, borrowers, exporters, ECAs, DFIs and financial institutions to discuss their region’s most pressing concerns and, importantly, opportunities.

We start with green fingered kick off from Dr Robert Besseling to discuss the latest key political and economic risk updates for the African continent.

Time to tend to the garden, terrace or outdoor space as we turn turning to our deal makers to discuss African business opportunities:• Sovereign indebtedness, G20 debt relief agreements, the impact on guarantees and project viability• Power & infrastructure, oil & gas, LNG and commodity prices• Structured finance tools, PPPs, ECA cover, risk ratings and local currency

Sports fans across the world tune in, whether it's the glamorous world of US sports, orthe footballing splendour of Latin America, there's a lot for our pundits to discuss. PostCovid-19 how are the new administrations in Mexico and Brazil progressing with theirdevelopment plans? What has been the effect on project pipelines, and will we see anyof the promise previously expected? How has Alberto Fernandez handled the crisis andwhat investment opportunities exist in Argentina? How is cross-border trade, beingaffected? What side of the political spectrum will LatAm fall under following the set ofelections in 2019? With the devaluation of certain Latin American currencies resultingin a greater demand for deals in local currency, how can agencies providing guaranteesand lenders cooperate to streamline the process?

Regional Stadiums

Garden door: African overview

The garden: Africa

The TV room: Americas

Conference close

Dr Robert Besseling, Executive Director, EXX Africa

Robert Besseling, Executive Director, EXX Africa

Sekete Mokgehle, Head - Export Credit Finance, Nedbank

Arnaud Sarret, Head of Structured Export Finance, Natixis

Each session lasts 1 hour, to register please contact eavie.burnett@txfmedia.com

Join an interactive ideas lab

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Join aninteractive ideas lab

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Speakers corner: Take the opportunity to put your questions to our global heads in this dedicated networking area.

Video meetings: Don't forget you have you're own dedicated virtual meeting room to network with whoever you choose!

DISCUSSION LEADERS:

Wednesday June 3

11.00 CEST

11.05 CEST

12.10 CEST

Its back to kitchen for another healthy start as you prepare for a day of knowledge accumulation, strategy and deal making. We recap on the day before and release some teasers for the day ahead

Financial markets in the present crisis: the Central Banks intervention and their impact on the crisis management

Settle into your favourite armchair, pour a cup of tea and put your thinking cap on, this continent is awash with opportunity:

It's time to open the business pages and check the financial markets; in conjunction with TXF data we look at the facts, figures and forecasts. What can be learnt from the global financial crisis of 2008/2009 and commodity crisis of 2014/2015? Are we heading for a V-Shaped recovery or is that wishful thinking? Many aspects of this global recession are different – the depth and breadth of the recession for sure, but potentially also the length. Asset prices are being driven by the hope that this very sharp global downturn will also be very short, in part due to the unprecedented global policy support and the beginning of lockdowns being reversed as the spread of COVID-19 slows. But the outlook is fraught with danger. What are the implications for the financial markets? What does this mean for the countercyclical ECA market?

The Kitchen: Opening Remarks

Breakfast briefing: K-SURE's Global CSR case study

The study: Crisis management overview

Tea break: Asian networking forum

Market analysis: Export credit market forecast

Dongyoung Kim, Deputy Director, Social Value and Sustainability, Korea Trade Insurance Corporation (K-sure)

Derek Halpenny, European Head of Global Markets Research, MUFG

Philippe Mills, CEO, SFIL

11.30 CEST

12.35 CEST

Key topics:• Political and economic risk overview• Project pipeline and continued dominance as largest borrower region• RMB vs dollar dominance and local currency• BRI and infrastructure projects• US, Australia and Japanese Trilateral Infrastructure Partnership allegiances

Dr. Sebastian Hofert von Weiss, Head of Project Finance, EY/AHB

Marc Schlatter, Head of Asia/Pacific, LBBW

Sumanta Panigrahi, Managing Director & EAF Asia, Head, Treasury & Trade Solutions, Citibank

Jonathan Bell, Editor in Chief & Director, TXF

DISCUSSION LEADERS:

13.00 CEST

We turn to the CEOs of key ECAs to learn how they've geared their agencies to respond to the Covid-19 pandemic and how they will be supporting their exporters over the next few, difficult, years:

Power brunch: ECA CEO panel - Round 1

• With all ECA sectors negatively impacted, will ECAs find themselves over exposed and embroiled with claims, restructuring and managing their loan portfolios? Or will they be able to breathe liquidity into the market and support critical projects?• How has private market reinsurance helped ECAs with policies in place? And will we continue to see growth here?• What steps have been taken to ramp up support for exporters and importers including waivers, concessions and payment holidays? Is this enough, or it more to be done? What new products and innovations have come to fore these past few months?• With unprecedented credit ratings downgrades what solutions will be implemented as commercial credit and credit worthiness erode? And can we take measures to ease underwriting eligibility?• SMEs have been at the forefront of many ECA strategies the past few years, now more than ever they need help. What is being done through digitisation, simplification of documentation and lowering of structing costs?• Sustainability and combatting climate change where highlighted as critical by governments, ECAs and industry alike in 2019. Post Covid-19 how will ECAs continue to address this? Are pre-crisis polices still in place?• What about traditional, carbon heavy ECA industries, many primed for ECA finance in this current environment, will these deals be ignored, or do we to need protect jobs and stimulate economies as a first priority?

François Lefebvre, General Manager, Bpifrance Assurance Export

Kimberley Reed, President & Chairman, US EXIM

Mairead Lavery, President & Chief Executive Officer, EDC

Kirstine Damkjær, CEO, EKF

14.15 CEST

Purpose built interactive networking forums to allow SOEs, borrowers, exporters, ECAs, DFIs and financial institutions to discuss their regions’ most pressing concerns and, importantly, opportunities.

2019 saw MENA drop down in the regional deal charts, yet the region continues to offer a wealth of ECA savvy borrowers and a rich project pipeline, one that carries huge promise in the face of enhanced geopolitical risk and turbulent commodity prices. We look at project pipelines, the creditworthiness of borrowers and sovereign guarantees, and shine a light on what ECAs, exporters and banks can do to help projects over the line.

With 32 deals in 2019 and the second largest regional share in terms of volume, Russia CIS continues to remain a heavyweight borrowing region, despite the sanctions imposed by the US and the EU. We assess how the region has been affected by Covid-19 and the oil and commodity price slump. How can we harness the ECA product to make the most of the current project pipeline? How can compliance issues be mitigated to make the ECA product more attractive?

Regional Stadiums

The guest room: MENA

The dining room: Russia & CIS

Join an interactive ideas lab

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Join an interactive ideas lab

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Join aninteractive ideas lab

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Each session lasts 1 hour, to register please contact eavie.burnett@txfmedia.com

Moderator: Dan Sheriff, CEO, TXF

Anna Ponomareva, Head of Export & Agency Finance, Vice President, VTB Bank

Ralph Lerch, Head Export Finance Origination & Forfaiting, DZ BANK

Marc Partridge, Vice President, Project Finance Advisory & International Cooperation, Gazprombank

Ahmed Madkour, Middle East Claims & Recovery Director, Recovery Advisors

Fernando Salazar Palma, Chairman & CEO, CESCE

DISCUSSION LEADER:

DISCUSSION LEADERS:

Wednesday 3rd June 16.00 CEST

TXF PERFECT 10 DEALS OF THE YEAR AWARDS 2019

EXPORT FINANCE

15.00 CEST

Keeping fit is the key to a healthy balance sheet while in isolation. We catch up with the largest global borrowers to see how they are coping with the pandemic and how they want their suppliers and ECAs to be involved to ensure the best management of existing deals and new deals to be closed

Home aerobics: Borrowers Panel

Neeraj Agrawal, Group Chief Financial Officer, Crescent Petroleum

Mikhail Sychev, Head of Debt Finance Department, Gazprom Neft

Amateur mixologists and first time enthusiasts alike we call on you to download our TXF Cocktail & Mocktail menu, hit the kitchen and blend up your finest ingredients, then fire up your home speakers and play our Spotify playlist in the background. Let’s enjoy the evening networking, sharing anecdotes from past glories and plotting the future course for our industry.

TXF Cocktail Club

17.00 CEST

Relax, network and enjoy one of our drinks recipes

with a TXF twist!COCKTAIL SPONSOR

Teguh Widhi Harsono, Vice President of Funding, Perusahaan Listrik Negara PLN

Moderator: Matías Herkómmer Carrión, Global Export and Agency Finance, Business Origination Latin America, Santander

Thursday June 4

14.15 CEST

12.00 CEST

13.00 CEST

Time to get the tool kit out, fix that creaking stair and hang your freshly-framed TXF event posters. Governments and multilateral institutions have a huge role to play in stimulating economies through mobilising public funds to allow infrastructure projects to flourish. We catch up with key DFIs and MFIs to learn their investment plans and differing mandates. Which projects and regions will be deemed critical and where will see the most coverage? How can actors engaged in the export credit play a part in these transactions?

Green fingered financiers this one is for you! Without a doubt the most important issue to hit our industry in recent years, and with 10 years to go until the UN 2030 agenda, the time to act is now.

We turn to the CEOs of key ECAs to learn how they've geared their agencies to respond to the Covid-19 pandemic and how they will be supporting their exporters over the next few, difficult, years.

Home DIY: Infrastructure and development finance

The garden: Sustainability in export credit

Power brunch: ECA CEO panel - Round 2

Key questions include:• How successful has agency- backed finance been at implementing the UN Sustainable Development Goals, and Environmental Social Governance over the past 5 years?• What can lenders, industry and regulators do to incentivise sustainable projects? Will we have measures such as reductions in ECA premiums for green project borrowers? Exclusions from ESIA evaluations? Are ESG-tied debt and sustainability linked loans a tangible reality for export finance as increasingly seen in commodity finance?• Will this crisis and period of self-reflection lead to a greener industry? Or is there more impetus now to do profitable deals, regardless of carbon impact, in order to stimulate economic growth?

Gabriel Cumenge, Deputy Secretary, French Ministry of Finance (DG Trésor)

Paul Richards, Head of Structured Export Finance, ANZ Bank

Nabil Jijakli, Deputy CEO, Credendo

Hacina Py, Global Head of Export Finance and Impact Finance Solutions, Société Générale

Peter Gisler, CEO, SERV

Thierry de Longuemar, Special Advisor to the President, AIIB

Ahmet Bekçe, Global Head EAF, Citi

Per Akerlind, Deputy CEO, SEK

Anna Karin Jatko, Director General, EKN

Sabrina Borlini, Director Syndicated Loans & Mobilisation, IFC

Wenche Nistad, CEO, GIEK

Kutoane Kutoane, CEO, ECIC

Moderator: Dan Sheriff, CEO, TXF

Moderator: Hesham Zakai, Managing Director, TXF

Moderator: Tom Nelthorpe, Contributing editor, Proximo

14.55 CEST

Prior to the crisis forecasters warned of a market correction, post Covid-19 the more morbid predictionsspeak of a great depression, while most pragmatists see a recession looming. It doesn't all have to be doomand gloom though, especially for the countercyclical ECA market, so tune in and enjoy this entertaininggeopolitical snapshot. Key themes include commodity prices, emerging markets, debt markets, politicalleaders, social and security, technology and sustainability in the context of a new normal.

Deep stretch: Geopolitical edutainment

Michelle Digruttolo, Senior Managing Director, Ankura Consulting

15.20 CEST

16.20 CEST

Purpose built interactive networking forums to allow SOEs, borrowers, exporters, ECAs, DFIs and financial institutions to discuss their regions’ most pressing concerns and, importantly, opportunities.

Each session lasts 1 hour, to register please contact eavie.burnett@txfmedia.com

Its back to the desk to check the Eurozone situation and how it might now be an opportune moment for export finance: 12 years after the global economic crisis, the European economy once again faces major challenges with the Covid-19 pandemic multiplying pre-existing issues across the board. With fears of recession very real, we examine the market for ECA borrowing in category zero countries. How are banks familiarising key borrowers with the ECA product? Will ECA-backed finance be the tool of choice for investment grade borrowers during this crisis? What factors have to be at play for the ECA product to be favourable over bond markets, balance sheet borrowing and corporate lending?

Regional Stadiums

The desk: Europe

Day 3 Close

Join an interactive ideas lab

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Join aninteractive ideas lab

FrIday June 5

12.00 CEST

12.05 CEST

13.00 CEST

It’s time for your Friday morning super smoothie, join Tom as we reflect on what we have learnt so far, what the final day has in store for us and what you can expect from TXF Global in Madrid this September 29 & 30.

Today is a strictly a dress down day, no business clothes permitted, we want you to relax and enjoy your final day in the great company of your peers, colleagues and new associations. If you have a TXF t-shirt, now is the time to wear it!

The 1 st  match in our goalball series pits our armchair pundits in isolation against the might of TXF data and the findings of the export finance survey. Covid-19 has shocked the world, stalling projects, changing working patterns and putting the wheels in motion on a market correction, previously prophesised by many forecasters. Now we ask, are the economic woes and looming fears of recession set to soar ECA finance to lofty heights? Is our industry poised to save the day? How well has our industry responded to the crisis, and what more can be done to help borrowers with both existing payments and the means to get new projects off the ground? What does the data suggest and how can we use it to plot the course for the MLT? What do we think of the response our industry has given to the survey questions?

Your neighbours might think your mad, but it’s time to turn your house in to a risk obstacle course. Don’t worry help is at hand with key private market brokers, underwriters and buy side bankers poised to give you their top tips:

The Kitchen: Opening Remarks

Goalball – TXF trends, data and survey - round 1

Round the house in a hop skip and a jump: CPRI review

• Analysis of private market appetite and capacity post crisis; with claims coming in, and capital taking a hit will insurers continue protect their position by hiking prices and being cautious on appetite?• With some syndicates on pause, will we see others follow suit, or even go under? How are senior executives viewing the CPRI market as part of the wider portfolio? How is extra due diligence slowing transactions and what does the new criteria look like? What can the insured do to help insurers to speed up the process?• What is the market view on oil & gas projects, exporting countries and sovereign guarantors, in particular in Africa, Latin America and the Middle East?• Industries exposed to consumer spending, aviation, cruise, leisure, hospitality and non-essential retail? Transactions involving sovereigns in countries that rely on tourism? Supply chain dependant sectors such as automotive and commodities?• Conversely, what about industries positively impacted including telecoms, delivery services, pharmaceuticals, waste management, digital technologies, power & electricity?• Role of reinsurance market and appetite there?

Tom Pycraft, Senior Producer, TXF

Matthew Beckett, Director, Insurance Placement, SMBC

Charles Berry, Chairman, BPL Global

Lillian Labbat, Global Head Credit & Political Risk, Zurich

Andrew Underwood, Head of PRCB, UK & Ireland, Global Political Risk, Credit & Bond, AXA XL

Dan Sheriff, CEO, TXF Alfonso Olivas, Head of Data & Analytics, TXF

Gabriel Buck, Managing Director, GKB Ventures Tom Parkman, Head of Research, TXF

Moderator: Tom Pycraft, Senior Producer, TXF

Jérôme Pezé, Chief Executive Officer & Founder, Tinubu Square

14.00 CEST

Fill up the cafetière or make a double espresso, time to fire up your cognitive skills as we turn to leaders from the IWG, OECD and Berne Union to get the low down on key issues: What are the latest developments from the Paris Club including moratorium and new requests for sovereign restructuring? Where do we stand with the modernisation of the OECD Consensus? What are the implications of the IWG guidelines? How does the playing field look for ECAs today?

Coffee Break: The new playing field for ECAs

14.40 CEST

We shine the spotlight on the Gazprom Pererabotka Blagoveshchensk €11.4 billion ECA-backed debt package to finance the Amur gas processing plant (GPP) in Russia, which was signed in December 2019, a huge part of the process chain of natural gas supplies to China via the Power of Siberia gas pipeline. What can be learnt from the international collaboration in the structuring of the €11.4 billion debt package with direct and indirect DFI and ECA support from Euler Hermes, SACE, Exiar and China Development Bank? We analyse the three major debt packages to fund EPC contracts and project costs: the ECA backed facility to fund MaireTecnimont's joint venture with China's Sinopec to supply equipment, with SACE backing around €1billion as well as the €3 billion partially Hermes-covered facility to back a contract with Linde for the procurement of the gas cracker. And the €3.4 billion 15-year facility provided by Bank of China, China Construction Bank Corporation, and China Development Bank to fund the purchase of equipment from Chinese contractors a National Petroleum Corporation (CNPC). And around €3.5 billion has been provided by Russian banks, partly backed by Exiar.

Inspiration from the near past: Case study – Amur Gas Processing Plant

16.05 CEST

15.35 CEST

Join Dominik in the TV room for our epic closing ceremony. What have we learnt and what can our industry do today to make the most of the opportunities in front of us? How can you harness the might of TXF Intelligence to you make informed decisions going forward? What can you expect from our in-person events later this year?

ECAs should play a significant role in the current crisis for aviation but face several key hurdles. Eddy Pieniazek, head of advisory at Ishka and Dickon Harris, Editor at Ishka, examine the impact on aircraft values and the difficulties facing banks and ECAs trying to get new aircraft financings across the finishing line during the Coronavirus crisis. • ECAs' historic role in aviation• Catching a falling knife: aircraft values and leases during Covid-19• How aircraft financiers are reacting to the crisis• Aviation in a year's time: Stressed airlines and muted recovery

The TV room: Closing Ceremony

16.15 CEST

Grab a cold beer or glass of wine, get to know your next door neighbours, find that person you wanted to close a deal with, discuss a product innovation or just hang out and reflect on the weeks events.

Front doorstep: Final networking session

Rooftop plane spotting: ECAs and the long road ahead for aviation

17.00 CEST

Curtain call – conference closes

Dominik Kloiber, Co-founder, TXF

Heiko Lentge, Global Head Export Credit Agency Advisory Practice, PwC

Eddy Pieniazek, Head of Advisory, Ishka Dickon Harris, Editor, Ishka

Alexey Babkin, Deputy Head of Project Finance, Gazprom

Dr. Miaomiao Yan, Deputy Director, International Cooperation Division, Large Corporate Client Dept, China Development Bank

Ulrich Schulte Lünzum, Head of Department, Project Finance and Untied Loans, Euler Hermes

Cristina Morelli, Managing Director, Head of Export Finance, SACE

Gernot Bruch, Head of Export & Project Finance, Linde

Vyacheslav Okhotin, Vice-President, Head of Oil & Gas and Chemicals Financing, Gazprombank

Michal Ron, Secretary General, International Working Group

Albrecht von Blumencron, Director, Lead EMEA for Energy Project Advisory, ING Bank

Top - regional deals powered by Tag my deals

Moderator: Jonathan Bell, Editor in Chief & Director, TXF

Beatriz Reguero Naredo, COO, State Account Business, CESCE

mailto:dominik.kloiber@txfmedia.com