State of Berlin. Investor Presentation

Transcription

1 SenFin /2015 State of Berlin Investor Presentation July 2018

2 Berlin An outstanding investment opportunity Content Capital political and cultural center Economic Base - attractive business location Budget Capital Markets professional treasury management Scholvien Seite 2

3 The Federal States (82.5 Mio inhabitants) Schleswig-Holstein (2.9 Mio) Hamburg (1.8 Mio) Bremen (0.7 Mio) Lower Saxony (7.9 Mio) Mecklenburg-Western Pomerania (1.6 Mio) Brandenburg (2.5 Mio) Berlin (3.6Mio) City States: Berlin, Bremen, Hamburg North Rhine - Westphalia (17.9 Mio) Hesse (6.2 Mio) Saxony-Anhalt (2.2 Mio) Thuringia (2.2 Mio) Saxony (4.1 Mio) Rhineland - Westphalia (4.0 Mio) Saarland (1.0 Mio) Baden-Wurttemberg (10.9 Mio) Bavaria (12.9 Mio) (in brackets: number of inhabitants, December 2016) Seite 3

4 Capital political and cultural center Capital of the Federal Republic of Germany Home to the German government and seat of parliament Germany s largest City 8th largest State with 3.6mn inhabitants Wolfgang Scholvien Embassies and consulates of 151 countries Wolfgang Scholvien Prime cultural and touristic location Wolfgang Scholvien Seite 4

5 Economic Base Attractive location for internationally well-known companies Seite 5

6 Economic Base Diversified economic Base Unique science and research environment Close cooperation between research and business in the fields of: media and communications medical- and biotechnology environmental technology transportation technology Vibrant tech-scene Fastest rate of job creation in German Start-up capital WISTA-MANAGEMENT GMBH Seite 6

7 Economic Base GDP growth above national average In 2005 Berlin s GDP growth surpassed the national average for the first time after reunification Real GDP growth outpaced German average for the past four years running Nominal GDP increased a solid 4.7 % from EUR bn in 2016 to EUR bn in % 4% 3% 2% 1% 0% -1% -2% -3% -4% -5% -6% Berlin National average Seite 7

8 3,33 3,38 3,42 3,47 Population growth 3,52 3,57 Inhabitants in millions Growing city Rising population new inhabitants since , , ,5 3,45 3, , , , ,2 Seite 8

9 Investment in millions euro * * Growing city Investing in the future Reserve fund Growing City Sustainability (SIWANA) increases investment volume investment SIWANA * budget figures Seite 9

10 Number of full-time equivalents (FTE) Growing city Continuing population growth requires careful adjustment of number of employees The number of employees per 1,000 inhabitants in the State of Berlin in 2017 is around 30.0 FTE in full-time equivalents (FTE) at the end of the each year (from 2018 forecasts), as of April 2018 Seite 10

11 budget figures Haushaltsgesetz 2018/2019 Finanzplanung Budget Budget surplus since revenues adjusted (deficit) expenditures adjusted Million Euros provisional budget figures Seite 11

12 * -215* Capital Markets Well prepared for debt-brake era debt of 3.3 billion has been redeemed since Schuldentilgung SIWANA Establishment of a reserve fund "Investments in the growing city and sustainability" (SIWANA) in Use of budget surpluses pro rata for debt repayment and SIWANA Total debt as of Dec 31st, 2017 EUR 59.0bn * Credit financing plan 2018 and 2019 Seite 12

13 Capital Markets Berlin s funding strategy Frequent issuer with at least one benchmark per year Extension of the existing benchmark curve Broadening of the investor base and increased investor relations activity Reduction of gross borrowing from 7 billion in 2018 to 5 billion p.a. Private placements and German domestic Schuldscheine important pillars of the funding strategy Foreign currency issues with standalone documentation Redemption structure in million per year Last update 12. June 2018 Seite 13

14 Capital Markets Berlin s benchmark bonds 0%-risk weighting in most European countries Excellent credit quality with three issuer ratings: AAA with stable outlook by Fitch Aa1 with stable outlook by Moody s AAA with stable outlook by Scope Ratings ECB eligibility Appealing yield pick-up relative to comparable government bonds ISIN Volume in Coupon Maturity DE000 A1P GNM ,500% DE000 A1K 0FR ,125% DE000 A0K AV ,250% DE000 A13 R6X ,750% DE000 A1R 06T ,875% DE000 A16 1WS ,750% DE000 A11 QEJ ,625% DE000 A13 R6Z ,500% DE000 A14 J3F ,250% DE000 A ,625% DE000 A2A APL ,625% DE000 A ,000% DE000 A2E 4EA ,300% DE000 A2A APH ,625% DE000 A2A APM ,375% Seite 14

15 Your contacts in Berlin Susanne Reichenbach Head of Treasury Tel.: +49 (30) Elke Badack-Hebig Senior funding manager Tel.: +49 (30) Mirko Voit Senior funding manager Tel.: +49 (30) Wolfgang Scholvien Internet: Seite 15

16 be Berlin! Our city is full of life it s creative, energetic and cutting-edge. Berlin attracts people from all over the world. In an environment of unparalleled diversity, it captures the attitudes and lifestyles of people from over 180 nations and really makes the city on the Spree the place to be Berlin Partner GmbH Seite 16