lgu guarantee corporation - lgugc.com corporate profile.pdf · wds lgus mles ecs bonds ppps reps...
Post on 30-Jul-2020
4 Views
Preview:
TRANSCRIPT
LGU GUARANTEE CORPORATION
Your link to progress
CORPORATE PROFILE
VISION
• To be the recognized private sector link in public-
private partnerships for local development financing
MISSIONS
• Advocate for reforms that will mobilize resources of
the private sector toward financing local development
projects;
• Continue to advocate for policy reforms for local
government unit (LGU) debts, whether bond floatation
or direct loans, and
• Instill value of good governance to enhance the
borrower’s enterprise management and
creditworthiness, especially local government and
utility companies
RELATIONSHIP MANAGEMENT WITH FINANCIAL INSTITUTIONS
CREDIT RATING
CREDIT GUARANTEE
GUARANTEE PROGRAM
MANAGEMENT
COLLABORATION WITH NATIONALGOVERNMENT
Financial Institutions
• Pays loans / bond amortization
• Calls on guarantee if borrower defaults
BORROWER
AAA Due Diligence / Credit Rating
• Provides loans
• Underwrites bond issues
• Guarantees FIs against borrower default
• Pays FIs in case of default according to original
amortization schedule
Republic of the Philippines
DOF and DOE
Guarantee Program
Implementation Agreement
ROP Grant Agreement
US$12MM
Guarantee Program Manager
Guarantee Reserve Escrow
Agreement
Escrow Agent
As Implementing Agency of GEF
World Bank
Project Agreement & LGUGC Grant Agreement
Republic of the Philippines
DOF and DOE
Guarantee Program
Implementation
Agreement
ROP
Grant
Agreemen
t
Guarantee Program Manager
Guarantee Reserve Escrow
Agreement
Project Agreement & LGUGC Grant
Agreement
Global
Environment
Facility
United
Nations
Developme
nt
Programme
ESCROW
AGENT
Implementing Agency Grant
Provider
US$1.6MM
REGULAR ECPCG CBRED-LGF
Lender Any LGUGC partner
financial institution
(PFI)
Any LGUGC PFI Any LGUGC PFI
Loan Term Cash flow-based Up to 10 years Up to 10 years
Grace Period Depending on project
requirement
At least 1 year grace
period, but not to exceed
the PFI loan term
Maximum 2 years
grace period, but not to
exceed the PFI loan
term
Single Guarantee
Limit
25% of LGUGC Net
Worth
USD2.5 Million PhP50 Million
Guarantee
Coverage
Up to 85% of the debt
service to the PFI; up to
80% for ECs
Up to 80% of the loan
principal amount and 3
months interests, subject
to LGUGC interest rate
cap
• Up to 85% of the
principal
amortization
• To be determined
based on PFI
request and
Borrower Risk
Rating results
Guarantee Fee • Risk-based
• Ranges from 0.25%
to 2% per annum
0.25% per annum 0.25 per annum
• United States Agency for International Development (USAID) – Development Credit Authority (DCA): Co-Guarantee for Water Projects
• World Bank – Global Environment Facility Electric Cooperative System Loss Reduction Project – Partial Credit Guarantee Program (ECPCG): Program Management
• Department of Energy – Loan Guarantee Fund (DOE-LGF) for Renewable Energy Proponents: Program Management
• European Union (EU)/Global Partnership on Output-Based Aid (GPOBA)/World Bank – Access to Sustainable Energy Project (ASEP): Program Management
Banco de Oro Unibank, Inc Philippine Veterans Bank
Bank of the Philippine Islands Rizal Commercial Banking
Corporation
Development Bank of the
Philippines
Robinsons Banking Corporation
EastWest Banking Corporation Security Bank Corporation
Land Bank of the Philippines Union Bank of the Philippines
Metropolitan Bank & Trust
Company
United Coconut Planters Bank
Philippine National Bank
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ROE 2.5% 2.4% 4.7% 4.7% 6.2% 9.5% 6.5% 13.5% 5.5% 5.4% 6.1% 6.8% 7.6% 8.0% 15.2% 5.6% 3.5% 2.7% 2.8%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
Axi
s Ti
tle
Return on Equity
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ROA 2.6% 2.3% 4.2% 4.2% 5.5% 8.3% 6.0% 12.8% 5.3% 5.2% 5.9% 6.5% 7.2% 7.5% 12.9% 4.4% 2.9% 2.3% 2.5%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
Axi
s Ti
tleReturn on Assets
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Profit Margin 28% 24% 34% 33% 41% 49% 45% 69% 52% 50% 54% 50% 59% 60% 64% 38% 28% 29% 28%
0%
10%
20%
30%
40%
50%
60%
70%
80%
Net Profit Margin
1999
20
00
2001
20
02
2003
2004
20
05
2006
20
07
2008
2009
20
10
2011
2012
20
13
2014
20
15
2016
2017
0.720.76
0.66 0.67
0.59
0.510.55
0.31
0.480.50
0.460.50
0.41 0.400.36
0.62
0.740.71 0.72
COST TO INCOME RATIO
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Leverage Ratio 0.30 4.10 5.03 4.36 5.03 6.70 3.90 2.12 2.31 3.93 3.93 3.60 5.10 4.01 3.98 4.80 4.50 6.72
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
Leverage Ratio - Net Worth
WDs
LGUsMLEs
ECs
Bonds
PPPs
REPs
• LGUGC was the first to successfully introduce a guarantee
mechanism for LGU borrowings in the Philippines
• Various technical assistance from USAID, AusAid, World Bank
• Selection of LGUGC by DOF and DOE as Program Manager for
various programs
• BSP approval of LGUGC’s proposal to reduce risk weight of
LGUGC-guaranteed debts to 20%
• BSP confirmation of 0% risk weight for EC loans guaranteed under
the ECPCG program
• Appointed as Program Manager of ASEP
• Invited to present LGUGC in various out-of-the-country workshops
and seminars by international donor agencies
• Rated PRS Aa plus (corp) in 2010 by the Philippine Rating Services
which has been maintained as of to date
1. LYDIA N. ORIAL
EDUCATION
• Bachelor of Science in Management & Industrial Engineering (MIE) from
MAPUA Institute of Technology (Magna Cum Laude and Gold Medalist)
• MBPA Candidate (no thesis) from De La Salle Graduate School of
Business & Economics (Gold Medalist)
• MBE Candidate (no thesis)/Certificate in Business Economics Strategic
Business and Economic Planning (SBEP) Program from University of Asia
and the Pacific (formerly CRC)
PROFESSIONAL EXPERIENCE
• LGU Guarantee Corporation (LGUGC)
o President/CEO (April 26, 2007 to present
o Officer-in-Charge/Sr. Vice President/Asst. Treasurer (July 31, 2006 to April 25,
2007)
o Sr. Vice President, Operations Group/Asst. Treasurer (July 1, 2005 to July 30, 2006)
o Sr. Vice President, Operations Group/Asst. Treasurer (March 1998 to June 30, 2005)
• BAP Credit Guaranty Corporation (BCGC)
o Managing Director/Asst. Treasurer (March 1999 to June 2004)
o Sr. Vice President, Operations and Marketing Groups (April 1991 to February 1998)
• Guarantee Fund for Small and Medium Enterprises (GFSME)
o Director, Planning and Management Services Group (July 1989 to March 1991)
o Manager, Corporate Planning Department (January 1985 to June 1989)
o Executive Assistant to the Deputy Managing Director (June 1984 to December
1984)
PROFESSIONAL EXPERIENCE
• Home Development Mutual Fund
o Research and Project Dev’t Officer, Corplan Division (July 1983 to June 1984)
o Research and Project Dev’t Analyst, Corplan Division (October 1981 to June 1983)
• Mapua Institute of Technology
o Instructor (1981 to 1983)
• SGV and Company
o Technical Assistant (December 1978 to September 1981)
OTHER PROFESSIONAL EXPERIENCE
• 1997 Outstanding Mapuan in MIE
• Manila Bulletin Columnist
2. THELMA C. SANSALES
EDUCATION
• Bachelor of Science in Commerce, Major: Accounting (Dean’s Lister)
from University of Sto. Tomas -Manila
• Master’s Degree in Business Administration (Dean’s Lister) from Ateneo
Professional School of Business
PROFESSIONAL EXPERIENCE
• LGU Guarantee Corporation – Operations Department Head (1998 to
Present)
• Pryce Corporation – General Accountant (1993-1997)
• Aboitiz Air Transport Corporation – Staff Accountant (1991 to 1993)
• SGV & Company – Junior Auditor (1990 to 1991)
3. ALLAN D. BELGICA
EDUCATION
• Bachelor of Science in Commerce, Major: Accounting from Mabini
Colleges
• Units in Llb and MBA from University of Nueva Caceres
• Management from Bicol University
PROFESSIONAL EXPERIENCE
• LGU Guarantee Corporation
o Sr. Manager/Head-Relationship Management Department (2013 to
Present)
o Account Officer (October 2006 to 2013)
• Land Bank of the Philippines
o Bookeeper III, Credit Investigator III, Accounts Analyst to Account
Management Specialist (February 1991 to September 2006)
• Development Bank of the Philippines –Service Corporation
o Documents Analyst/Bookeeper (May 1998 to February 11, 1991)
• Development Bank of the Philippines
o Contractual Clerk (October 1987 to May 1988)
top related