Transcript Slide 1

The Alta Group
Global developments in the Equipment
Leasing and Financing Industry
First Latin American Leadership Meeting
of the Leasing Industry
How does the World Look Like?
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How does the World Look Like?
CHINA
BANGLADESH
RUSSIA
REST OF
THE WORLD
INDIA
INDONESIA
NIGERIA
BRAZIL
JAPAN
PAKISTAN
POPULATION:
While the US holds 5% of the World’s population, China (20%),
India (17%), Brazil (3%) and Russia (2%) host 42% of the global
inhabitants Europe altogether hosts only 11%, and declines
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How does the World Look Like?
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USA
REST OF
THE WORLD
CHINA
FRANCE
REAL GDP:
While the US holds
21% of the World’s
GDP, China
produces 13%,
India (6%), Brazil
(3%) and Russia
(3%).
The EU produces
15%.
80% of global GDP
is currently
produced by 20
countries
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Source: Goldman Sachs
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Demographics: Purchasing Power
ASIA PACIFIC
LATIN AMERICA
And the winners are:
•China
•Japan
•India
•Korea
•Indonesia
•Australia
•Thailand
…the winners are:
•Brazil
•Mexico
•Argentina
•Colombia
•Chile
•Venezuela
Go to Statistics
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AFRICA
The winners are:
• South Africa
• Egypt
• Algeria
• Nigeria
• Morocco
• Tunisia
MIDDLE EAST
• Iran
• Saudi Arabia
• Israel
• United Arab Emirates
• Syria
• Kuwait
6
Regional Ranking for easiness to do business
in…
Alta selected the top 15 of each region (where available)
RANKING
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
EUROPE
Norway (5)
Denmark (8)
United Kingdom (9)
Ireland (11)
Iceland (12)
Finland (13)
Sweden (14)
Lithuania (15)
Estonia (16)
Switzerland (17)
Belgium (18)
Germany (19)
Netherlands (24)
Latvia (26)
Spain (30)
ASIA PACIFIC
New Zealand (1)
Singapore (2)
Australia (6)
Hong Kong, China (7)
Japan (10)
Thailand (20)
Malaysia (21)
Korea (27)
Maldives (31)
Fiji (34)
Taiwan, China (35)
Tonga (36)
Samoa (39)
Kiribati (45)
Armenia (46)
AMERICAS
United States (3)
Canada (4)
Puerto Rico (22)
Chile (25)
Jamaica (43)
Panama (57)
Nicaragua (59)
Colombia (66)
Peru (71)
Mexico (73)
El Salvador (76)
Argentina (77)
Uruguay (85)
Paraguay (88)
Costa Rica (89)
MIDDLE EAST
Israel (29)
Saudi Arabia (38)
Kuwait (47)
Oman (51)
United Arab Emirates (69)
Jordan (74)
Yemen (90)
Lebanon (95)
Iran (108)
Iraq (114)
Syria (121)
West Bank and Gaza (125)
AFRICA
Mauritius (23)
South Africa (28)
Namibia (33)
Botswana (40)
Zambia (67)
Kenya (68)
Uganda (72)
Ghana (82)
Moldova (83)
Nigeria (94)
Ethiopia (101)
Morocco (102)
Mozambique (110)
São Tomé and Príncipe (123)
Zimbabwe (126)
Missing:
Russia
China
India
Brazil
Go to Global Ranking
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What is happening in Europe?
•In 2005, Europe originated more leasing
volume than the US (€262.9 billion)
•Leaseurope’s new leasing business
amounts to 2.37% of GDP and the leasing
penetration rate, measured as the amount
of investment financed by leasing during
the year, rose to 15.94%.
• New leasing business grew by almost
14%, far exceeding expectations.
• The portfolio of leased assets in the
hands of European leasing companies
represented via Leaseurope’s members
amounted to approximately 600 billion
euros at the end of 2005.
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What is happening in Europe?
COUNTRY
GERMANY
GREAT BRITAIN
ITALY
FRANCE
SPAIN
AUSTRIA
PORTUGAL
SWEDEN
HUNGARY
SWITZERLAND
NETHERLANDS
GREECE
BELGIUM
CZECH REPUBLIC
DENMARK
NORWAY
FINLAND
POLAND
SLOVAKIA
SLOVENIA
ESTONIA
ROMANIA
MORROCCO
BULGARY
BOSNIA & HERCEGOVINA
RUSSIA
TOTAL
2005
133,200.00
121,033.93
100,000.00
73,144.00
35,364.30
21,184.53
11,702.31
10,756.61
10,480.75
9,859.63
9,838.70
9,688.00
8,846.67
8,400.85
7,490.43
7,076.61
5,497.00
4,965.80
3,757.33
2,196.50
1,850.11
1,692.97
1,463.27
489.61
141.88
N.A.
600,121.79
%
22%
20%
17%
12%
6%
4%
2%
2%
2%
2%
2%
2%
1%
1%
1%
1%
1%
1%
1%
0%
0%
0%
0%
0%
0%
Source: Leaseurope
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What is happening in Latin America?
•
•
•
•
•
•
•
The Leasing Industry in Latin America
grew over 55%, and represents total
assets of US$ 26.3 billion.
In Mexico, the law was reformed to
enable lessors to engage in multiple
financial services (Consumer lending,
factoring and other- SOFOMEs), without
Government regulation;
In Brazil, strong association but
consolidation is happening (Bradesco
buying American Express and Itau buying
BankBoston portfolio GE Capital sold its
leasing portfolio in 2005);
Chile: Banks absorbing leasing subs. Risk
of corporate schizophrenia;
Colombia: Consolidation among Banks;
Argentina: Banks also dominating the
landscape
Central America: CAFTA and
consolidation around banks. GE,
Scotiabank and HSBC investing
Map Source: AON
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RANKING LEASING COMPANIES
Top 20:
THE ALTA LAR 100 2005
POS
POS
2004
2005 COMPAÑÍA
US$ (MILES)
PAIS
1
1
Cia .Itauleasing de Arrendamento Mercantil
$
3,469,024.40 BRAZIL
3
2
Safra Leasing S/A Arrendamento Mercantil
$
1,797,980.16 BRAZIL
2
3
Banco Santander-Santiago
$
1,286,959.73 CHILE
7
4
Leasing Colombia CFC + Suleasing
$
1,052,209.02 COLOMBIA
6
5
Bradesco Leasing S/A Arrendamento Mercantil
$
900,270.69 BRAZIL
5
6
Banco de Chile
$
884,266.91 CHILE
4
7
Popular Auto
$
792,418.00 PUERTO RICO
12
8
Leasing de Occidente CFC
$
529,073.88 COLOMBIA
8
9
Banco IBM S/A Arrendamento Mercantil
$
445,140.04 BRAZIL
NA
10
Banco Itaú S/A Arrendamento Mercantil
$
418,728.50 BRAZIL
10
11
Corpbanca-Chile
$
408,152.35 CHILE
9
12
Banco Credito e Inversiones BCI-Chile
$
384,581.88 CHILE
45
13
Dibens Leasing S/A Arrendamento Mercantil/Unibanco Leasing S/A
$
373,592.51 BRAZIL
24
14
ABN Amro Arrendamento Mercantil S/A
$
354,522.42 BRAZIL
22
15
Banco Credito del Peru
$
335,326.73 PERU
17
16
Leasing de Credito CFC
$
333,039.90 COLOMBIA
23
17
BB Leasing S/A Arrendamento Mercantil
$
313,050.24 BRAZIL
14
18
Caterpillar Arrendadora Financiera
$
296,547.41 MEXICO
16
19
First Leasing
$
282,287.00 PUERTO RICO
28
20
BBVA -Banco Continental-Peru
$
274,828.62 PERU
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8 from Brasil;
4 from Chile;
2 from Puerto
3 from Colom
1 from Mexico
2 from Peru
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HALLAZGOS POR PAÍS
2005
RANKING POR ACTIVOS EN LEASING
POS.
PAIS
ACTIVOS(US$000)
%
1
Brasil
$ 10,213,311.24
44%
2
Chile
$
4,243,939.53
18%
3
Mexico
$
2,677,088.70
12%
4
Colombia
$
2,670,007.28
12%
5
Peru
$
1,460,583.79
6%
6
Puerto Rico
$
1,193,429.00
5%
7
Argentina
$
450,353.89
2%
8
Costa Rica
$
158,433.97
1%
9
Honduras
$
99,437.73
0%
10
Rep. Dominicana
$
30,814.99
0%
11
Bolivia
$
18,631.94
0%
TOTAL REPORTADO
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$ 23,216,032.07
Crecimiento Porcentual por Paises
Pos. Pais
?%
1 Argentina
97.84%
2 Brasil
95.81%
3 Mexico
54.64%
4 Colombia
54.05%
5 Puerto Rico
40.36%
6 Costa Rica
28.68%
7 Chile
28.11%
8 Bolivia
4.54%
9 Peru
4.30%
10 Honduras
-1.09%
100%
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PRESENCIA DE
MULTINACIONALES
POS COMPAÑIA
TOTAL ACTIVOS
REPORTADOS
PAISES DONDE OPERA
1
SANTANDER
$
1,296,187.25 CHILE, BRASIL, ARGENTINA
2
BBVA
$
784,986.16 CHILE, BRASIL, ARGENTINA
3
IBM
$
457,629.04 BRASIL, PUERTO RICO (Faltan datos de Colombia, Mexico y Centroamerica)
4
BANK OF AMERICA (fka BankBoston)
$
384,152.85 BRASIL, CHILE, ARGENTINA
5
CITIBANK
$
360,337.49 MEXICO, BRASIL, COLOMBIA, PERU, ARGENTINA
6
ABN AMRO
$
354,522.42 BRASIL
7
CATERPILLAR FINANCIAL
$
351,221.54 MEXICO, BRASIL (Faltan datos de Chile y Centroamerica)
8
CIT
$
323,750.65 MEXICO, BRASIL, COLOMBIA, CHILE
9
HSBC
$
258,418.16 BRASIL, ARGENTINA
10
GE COMMERCIAL FINANCE
$
229,906.96 MEXICO (Liquido portafolios de leasing en Brasil y Puerto Rico)
11
HP FINANCIAL SERVICES
$
190,209.33 BRASIL (Datos no disponibles para Mexico, Argentina y Chile)
12
CSI
$
111,093.22 MEXICO, BRASIL, CENTROAMERICA
13
JOHN DEERE CREDIT CO.
$
99,303.09 MEXICO, ARGENTINA
14
SCOTIABANK
$
52,945.38 COSTA RICA, CHILE
15
GMAC
$
30,934.54 COLOMBIA
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What is happening in Africa?
•
•
•
South Africa has a solid leasing
industry dominated by 4 Banks;
Egypt is growing its leasing industry
since the 1995 Leasing Law. Average
annual originations: US$ 285
M/year;
Sub-Saharan Africa is joining the
leasing league, procuring for best
practices and for investment
promotion in their countries. To
highlight: Tanzania, Ghana,
Madagascar, RDC, Nigeria…
Map Source: AON
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What is happening in Asia?
•
•
•
•
•
•
China Leasing Industry: Continuous
growth, Leasing Law in process,
Foreigners coming blindly. Expect
surprises…
Japan: Mature leasing industry,
with weak regulatory framework
(?), penetration of 9% of total
investment. IT represents 35% of
originations;
India: Growth impaired by an
hostile Tax Legislation and funding
restrictions;
Korea: Mature and consolidating
players in the industry recovering
from the 1998 crisis;
Australia: Solid Leasing industry
Malaysia, Thailand, Indonesia and
other countries are in the build-up
phases.
Map Source: AON
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What is happening in the Middle East?
•
•
•
•
Saudi Arabia, Kuwait, UAE, Bahrain all
regulate leasing based upon Sharia
Law, on the « Ijara » foundation.
Leasing is emerging since 2000 and
growing;
Kuwait lease receivables exceed US$
2 billion (6 companies);
Israel leasing industry is highly
concentrated in car leasing and
financing
Iran: Emerging leasing industry with
investment of IFC (2002). Mostly
controlled by State owned Banks
Map Source: AON
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