odesa region: investment opportunities · 2017. 2. 1. · kyiv odesa project status: operating...
TRANSCRIPT
Odesa Region: investment opportunitiesJanuary 2016
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Contents
I. Investment opportunities ……..………………………….....
II. SP Advisors at a glance.…………………….………….....
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16
I. Investment opportunities
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Ukrkava | Coffee processing | Illichivsk
Project status: initial phaseFunding required: $3-27 mlnAllocation planned:• working capital replenishment ($3-9 mln)
• construction of sublimated coffee todifferentiate the product range ($16-18 mln)
Company snapshot:• Commissioned in 2011
• Ukraine’s only plant designed and built as acoffee factory for production of instant coffee
• Strategically located
• ISO certificated
• Broad coffee product range (25+ items)
• Own brand Lacomba.
• Planned capacity at 10,800t monthly
• Currently working at 10% capacity utilization.
Investment parameters (80% capacity load)
Source: Company
Odesa
Kyiv
Illichivsk
Total investment required $3-27 mln
- Debt 100%
- Equity 0%
Projected Sales $46 mln
Projected EBITDA $10 mln
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Asol | Cement production| Odesa
Investment parameters
Source: Company
Total investment required EUR 45 mln
- Debt 100%
- Equity 0%
Estimated payback period 7 years
Estimated IRR 18%
Estimated NPV (@ 10% discount rate)
EUR 25 mln
Projected Net Sales EUR 91 mln
Odesa
Kyiv
Odesa
Project status: initial phaseFunding required: EUR 45 mln (8-year debt)Allocation planned:• construction of cement factory
Project snapshot:• Right near deposits of raw materials.
• Direct access to rail road.
• Export oriented.
• High-grade cement production (laboratoryanalysis conducted by LORIS BERLIN).
• Projected production capacity at 300kt p.a.
• Energy sufficient and low ecological impact.
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Sonant | Polystyrene insulation products| Avangard
Investment parameters
Source: Company
Total investment required EUR 6.5 mln
- Debt 100%
- Equity 0%
Estimated payback period 4 years
Estimated IRR 30%
Estimated NPV (@ 10% discount rate)
EUR 3.9 mln
Projected Net Sales EUR 19 mln
Odesa
Kyiv
Avangard
Project status: pre-construction phaseFunding required: EUR 6.5 mln (5-year debt)Allocation planned:• construction of polystyrene insulation plates
factory
Project snapshot:• Founded in 1994.
• Ukraine’s second largest producer.
• 4 separate plants in other regions; working atfull capacity.
• The company aimed to increase its marketshare to 20% by squeezing out smallerplayers.
• Planned capacity at 80k m3 per month.
• Landplot and infrastructure for the planthave been developed.
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Mayachnyi | Private clinic| Odesa
Odesa
Kyiv
Odesa
Investment parameters
Source: Company
Total investment required EUR 16.5 mln
- Debt (67%) EUR 11.0 mln
- Equity (33%) EUR 5.5 mln
Estimated payback period 6.5 years
Estimated IRR 19%
Estimated NPV EUR 6.1 mln
Projected Net Sales EUR 21.5 mln
Project status: initial phaseFunding required: EUR 16.5 mlnAllocation planned:• Building reconstruction and launch of new
private clinic in recreation area of Odesa city
Project snapshot:• 1km from the beach.
• 3-storey building of 3,200 sqm.
• Employment of over 100 people.
• Negotiations on reconstruction of thebuilding – in the process.
• Consultations, treatment, diagnostics,obstetrics, surgery and hospital stay services.
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IAIC Group | Greenhouse agriculture| Odesa
Investment parameters
Source: Company
Total investment required EUR 10 mln
- Debt 100%
- Equity 0%
Estimated payback period 4.5 years
Estimated IRR 29%
Odesa
Kyiv
Odesa
Project status: initial phaseFunding required: EUR 10 mln (5-year debt)Allocation planned:• Construction of greenhouse complex
Project snapshot:• The group plans to produce vegetables,
salads and herbs.
• Substitution of imported agriculturalproducts.
• The group combines 4 agricultural entities inUkraine
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Grain processing plant | Agriculture| Izmail
Investment parameters
Source: Company
Total investment required $173 mln
- Debt 100%
- Equity 0%
Estimated payback period 4.2 years
Odesa
Kyiv
Izmail
Project status: initial phaseFunding required: $173 mlnAllocation planned:• Reconstruction of concrete products plant
for deep processing of grain
Project snapshot:• Production of deep processing of grain
products, including bioethanol (60%).
• Existing production facilities of total area of12,000 sqm.
• Infrastructure and communications – on theplace.
• Planned capacity of 360kt p.a.
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Oniks-K | Vegetable warehousing| Izmail
Investment parameters
Source: Company
Total investment required $10 mln
- Debt (90%) $9 mln
- Equity (10%) $1 mln
Estimated payback period 4.5 years
Project status: initial phaseFunding required: $10 mlnAllocation planned:• Reconstruction of building and launch of a
vegetable warehouse
Project snapshot:• Processing, storage and packaging of
vegetables and root crops (potatoes, tablebeets, carrots, cabbage, onions).
• Projected production capacity of 2,500kt.
• Distribution to wholesalers and supermarketchains in Ukraine.
• Own building of total area of 475 sqm.
• Infrastructure and communications – on theplace.
Odesa
Kyiv
Izmail
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Kirichevskyi | Fuel pellets production| Nagirne village
Investment parameters
Source: Company
Total investment required $375,000
- Debt (70%) $265,000
- Equity (30%) $110,000
Estimated payback period 3.6 years
Odesa
Kyiv
Nagirne
Project status: initial phaseFunding required: $375,000Allocation planned:• Construction of fuel pellets production plant
Project snapshot:• Production of fuel pellets and briquettes
from wood and straw.
• Production capacity: 6kt in first three years;12kt thereafter.
• Sales distribution: 80% - export, 20% -domestic sales.
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Moldova| Recreation center| Odesa
Odesa
Kyiv
Odesa
Project status: operating businessFunding required: negotiableAllocation planned:• Full exit from the business
Project snapshot:• Located at one of the most prestigious areas
with developed tourism infrastructure.
• 4km from city center, 200m to Arcadia park.
• Total area of 4.7 ha, including 3 ha of parkarea.
• Hotel (84 rooms), recreation center (137rooms), SPA center, indoor swimming poolwith sea water, tennis courts, medical unit,restaurants, parking, etc.
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Illichivsk Commercial Sea Port | Ports| Illichivsk
Project funding breakdown
Operating summary, 2014
Cargo Turnover 10.5Mt
- Grains and vegetable oil 26%
- Ores 24%
- Sulfur 10%
- Other (containers, coal) 40%
Project status: initial phaseFunding required:• negotiable• through public private partnership
(concession, joint ventures, lease, other)
Company snapshot:• One of largest ports in Ukraine.• Facilities to handle over 32Mt of cargo a year.• Vessels with draft of up to 13 meters and
length of up to 300 meters.• Monopolistic position in Ukraine in handling
cargos arrived on Ro-Ro vessels.• Specialization: grain, ore, sulfur, containers
liquid vegetable oil.
Investment areas:• Separate platforms of the sea port.
Odesa
Kyiv
Illichivsk
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UkrLandFarming | Transshipment complex | Odesa
Project funding breakdown
Odesa
Kyiv
Odesa
Total investment* $ 415 mln
- Equity 40%
- Debt 60%
Discounted payback period 12.5 years
Estimated IRR 33%
Estimated NPV $ 122 mln
* including the cost of the land plot
Investment parameters
Project status: initial phaseFunding required: $415 mlnAllocation planned:• construction of a multipurpose
transshipment complex at deep sea port ofYuzhnyi
Project snapshot:• Launch of grain export terminal, oilseeds
complex (crushing plant, oil export terminal),container terminal and feed mill by 2018.
• Own land plot of total area of 133ha.• All licenses and permissions – on the place.• The company produces 4 mln tonnes of own
crops annually and is ready to give a 10-yearguarantee of exporting its produceexclusively through the terminal atpreferential dollar-denominated rates.
• The company’s foreign shareholders (Cargill)and major creditors consider co-investinginto the project.
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Levada | Frozen foods production | Odesa
Project funding breakdown
Source: Company
Key financials, USD mln
2013 2014 2015ENet Sales 41 31 29 EBITDA 6 3 5Gross margin 47% 41% 44%EBITDA margin 15% 9% 17%
Project status: operating businessFunding required: negotiableAllocation planned:• domestic market consolidation and export
growth• shareholders are ultimately seeking a full exit
from the business
Company snapshot:• #1 frozen foods producer in Ukraine
• 20%+ market share and growing exports.
• 23+ product groups: meat dumplings,pancakes, vareniks, ravioli, etc.
• Strong portfolio of well-known trademarks,good private label contracts.
• Production capacity at 54,000 tonnes p.a.(50% current capacity load).
Odesa
Kyiv
Odesa