Partnering to

Achieve
Sustainable
Goals

November 2019
UK’s Development Finance Institution

We are UK Government backed

We have an independent board
We are committed to a dual mandate
Distinctive.
Effective.
Ambitious.
CDC as an investor
Distinctive. Effective. Ambitious

Rigorous & commercial

CDC is a
approach
long-term investor
to transactions
We invest from our own balance sheet which
We are fast and responsive, and take
means that we can take a long-term and
a commercial view of pricing and risk analysis.
flexible view where needed.
We have weekly investment committees
and a streamlined approval process.

Strong networks and Expertise in environmental,

a highly credible brand social, business integrity issues
We can dedicate specific resources to and/or lead
We are the world’s first DFI and have a
these work streams during due diligence and can
very strong brand in Africa and Asia. The
assist with bringing a project or business up to
presence of a DFI also provides indirect
international standards.
political risk insurance to other investors.
Current CDC portfolio
$5.6bn total portfolio value across funds in our core geographies

What we have achieved in India

29.7%
34.4%
~$1.8bn ~$275m
Current CDC’s exposure to India We have invested ~$275m across
Portfolio exposure products in India in 2018

by geography (%)

6.4%
55+ 300+
Our investment supports over 300
We have invested with over 50 fund
2.5% houses that invest in India since early businesses in India
2000s
2.6% 5.2%
2.8%
3.1% 5.1%

400k+ 900k+
3.9% 4.3%

CDC Investees has directly supported Indirectly, CDC has supported over
over 400k job in India with an annual 900k workers in supply chain
India Nigeria Kenya South Africa growth rate of c.6%

Cote d Ivoire China Cameroon Uganda

Zambia Bangladesh Others

Data as at 31 December 2018

30+ years of partnership in India

CDC Group is the UK’s development finance institution. Founded in 1948, and wholly-
owned by the UK Government's Department for International Development, we invest in
Who we are
private sector businesses throughout South Asia and Africa with the aim of supporting
economic development and the creation of jobs.

Since 2012 the UK Government has been scaling up its economic development efforts
through CDC. In 2017, it passed an Act of Parliament to put more capital into CDC.
Recent progress This has enabled CDC to make more than $6Bn of impact driven investment since 2012 and
grow a portfolio with net assets of £5.8b. In 2018, these investments were helping businesses
support over 850,00 jobs, paying wages of $4.5 billion and taxes of $3.4 billion.

 CDC has been investing in India for 30 years. helping build some of India’s most
successful businesses across a wide range of sectors. These have included Apollo
Tyres, Punjab Tractors, UTI (now Axis) Bank, IDFC and Glenmark Pharmaceuticals.

 India remains a strategic country for CDC with a current portfolio valued at US$1.7
billion, in over 300 businesses across India. These businesses contribute around
US$1 billion annually in taxes to the Indian Government, directly employing
CDC in India around 400,000 people as well as many more in their supply chains.

 In 2018 we announced our aim to invest a further US$1.7 billion in India and the
wider region over the next three years. We are focused on getting investment into the
states most in need of capital and into sectors that can strengthen local businesses
and communities.

 CDC has offices in Mumbai and Bangalore with a team of 25+ people.
Some of our recent investments in India

Narayana Utkarsh Veritas Finance Ayana Big Basket

Date of investment: 2014 Date of investment: 2014 Date of investment: 2017 Date of investment: 2018 Date of investment: 2019
$48m $11m $27m $100m $40m
Equity Equity and Debt Equity Platform Equity
Healthcare Microfinance Financial Inclusion Renewables Agribusiness

Aavishkaar Stellaris Venture Kotak Affordable HR Food GEF Resource

Bharat Fund Partners I Housing Efficiency Fund II
Date of investment: 2017 Date of investment: 2018 Date of investment: 2018 Date of investment: 2019 Date of investment: 2019
$25m $10m $50m $8m $25m
Impact focused Fund Venture Capital Fund Managed account Equity via Fund co- Sector Focused Fund
Financial services / Generalist technology Affordable housing investment Resource efficiency
Healthcare / Agriculture Agribusiness
India priorities looking forward

CDC’s
Development
Impact
Job Creation
Healthcare
Education
Climate
2x Challenge

D C B A

Harder
Ryan Wagner
Investment Director

CDC Group plc

123 Victoria Street
London SW1E 6DE
United Kingdom
+44 (0)20 7963 4700
cdcgroup.com

Linkedin.com/company/cdc-group-plc
@CDCgroup

CDC Group plc is regulated by the FSA. Registered address as above.

Registered in England No. 3877777