Investor Relations Option 3 | Bayport Management Ltd.

Bayport’s 2023 ESG Report: Advancing sustainable practices for a better tomorrow.

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Our reputation as a premium and respected brand within the markets in which we operate, makes us remarkably successful at local and international capital raising. We enjoy support from some of the largest development finance institutions across the globe as a result of our financial returns and social impact alike. Global finance and development agencies, such as IFC, OPIC, IDB and KfW, view us as a principal driver of financial inclusion across our countries of operation and therefore fund our growth. We are a principal contributor to the opening of debt capital markets across Africa and Latin America. Our listed programmes on five international stock exchanges consistently carry out some of the largest debt issuances in our countries of operation.

From the company’s inception, Bayport has enjoyed investment support from its founding shareholders as well as retail and institutional funders. As a result, a solid platform for consistent growth has been established and continues to be strengthened. Bayport’s core shareholders include its founding partners, its management team, Investment AB Kinnevik (24% shareholding), Helios Investment Partners (23% shareholding), and the South African Government Employees Pension Fund, represented by the Public Investment Corporation Limited (21% shareholding). For specific investor or investment-related information, contact Bayport Investor Relations: investor@bayportfinance.com.

INVESTOR REALTIONS

Over the years, a track record of healthy returns and a reputation as a responsible and ethical provider of unsecured loans, has made Bayport an increasingly attractive investment for funders and investors globally.

Investor Relations

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Equity Investors

PIC

In May 2015, the Public Investment Corporation (PIC) acquired a minority stake in BML on behalf of South Africa’s Government Employees Pension Fund (GEPF). The PIC is Africa’s largest strategic investor, managing assets worth approximately USD150 billion. The GEPF contributes more than 90% of the funds that the PIC manages.

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EQUITY INVESTORS

Helios

Helios Investment Partners, a private equity fund focused on Africa, made a substantial investment in BML in 2013 to acquire a 23% shareholding in the holding company.

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Equity Investors

Kinnevik

Kinnevik is an industry focused investment company with an entrepreneurial spirit. Our purpose is to build digital businesses that provide more and better choice. We do this by working in partnership with talented founders and management teams to create, develop and invest in fast growing businesses in developed and emerging markets. We believe in delivering both shareholder and social value by building companies that contribute positively to society. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik’s shares are listed on Nasdaq Stockholm’s list for large cap companies under the ticker codes KINV A and KINV B.

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Debt Investors / Listed

Swedish Bonds

INTERNATIONAL DEBT CAPITAL MARKETS Since its debut bond in 2010, Bayport has been regularly issuing bonds on international debt capital markets. It currently has one senior and one subordinated debt issuance outstanding – listed between 2014 and 2017 – on the NASDAQ Stockholm.

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Debt Investors / Unlisted

OPIC

OPIC FACILITY In 2014, the Overseas Private Investment Corporation (OPIC), the American Government’s development finance institution, approved a long-term loan facility to fund Bayport’s strategic growth aspirations in Africa and Latin America.

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Debt Investors / Unlisted

Swedfund

In November 2016 and July 2017, SwedFund, the Swedish development financier, granted BML two subordinated loans for use in the Bayport operations in Tanzania, Uganda and Mozambique. SwedFund’s stated mission is to eliminate poverty through sustainable investments. Get more info

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Listed

Notable Debt Issuances in Subsidiaries

Listed

Ghana
Bayport’s subsidiaries have been issuing bonds in their domestic markets since 2012. Read more about Bayport Ghana’s bond here.

Mozambique
Bayport’s subsidiaries have been issuing bonds in their domestic markets since 2015. In 2018, Bayport Mozambique won the African Local Currency Bond of the Year. Read more about Mozambique’s bond here.

Zambia
Bayport’s subsidiaries have been issuing bonds in their domestic markets since 2012. Read more about Bayport Zambia’s bond here.

South Africa
Bayport in South Africa funds via Bayport Securitisation (RF) Ltd (BaySec). This is a standalone independent Special Purpose Vehicle (SPV) that is rated by Standard & Poor’s (S&P) and is listed on the Johannesburg Stock Exchange.

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Unlisted

Notable Debt Issuances in Subsidiaries

Unlisted

Inter-American Development Bank

During 2015, the Opportunities for the Majority (OMJ) sector of the Inter-American Development Bank (IDB) granted Bayport Colombia an A/B-loan facility of USD50 million. This was the first loan facility from a development finance institution (DFI) for any of Bayport’s Latin American operations. The loan facility quantum was increased in 2017 when additional lenders wanted to come on board. The B-loan lenders include BlueOrchard, Calvert Impact Capital, Cordiant Capital and MicroVest. Press Release – IDB loan to benefit low-income public sector employees in Colombia.

Calvert Facility

At the end of 2017, Calvert Impact Capital arranged a syndicated credit facility for Bayport Mexico. The syndication includes PG Impact Investments and the Prudential Insurance Company of America.

Botswana

Bayport Botswana issues BWP denominated debt off it’s BWP 750m Private Note Programme. This programme is a senior secured programme where all lenders share security equally on a pari-pasu pro rata basis.

Morgan Stanley

In 2019, Morgan Stanley arranged a loan for Bayport Mexico.

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Impact Investors

Notable Debt Issuances in Subsidiaries

Impact Investors

Inter-American Development Bank

Blue Orchard

BlueOrchard have strategic lending relationships across the group and today rank as one of Bayport’s key lenders.

Calvert Facility

At the end of 2017, Calvert Impact Capital arranged a syndicated credit facility for Bayport Mexico. The syndication includes PG Impact Investments and the Prudential Insurance Company of America.

African Local Currency Bond Fund

The African Local Currency Bond Fund is a pan-African investment fund with a mission to support the development of local capital markets in Africa by promoting corporate bond issuances in local currency. The Fund creates opportunities for local African issuers, investors and intermediaries by providing technical assistance and anchor investment in companies whose ultimate beneficiaries are low-income households and MSMEs.