Agenda

Registration and coffee

Chairman's opening remarks

Speakers

• Jorge Arce, Chief Executive Officer, Mexico, HSBC

Opening keynote address: Adapting to changing monetary policy, trade relations and global capital flows

• How are changing trade relations impacting trade and investment flows?
• East or West: Where is the liquidity today? How have capital flows been impacted by a change in trade dynamics and Central Bank policies?
• Making sense of monetary policy and global interest rates: A look into the future of where to invest and how to raise funding

Speakers

• Carlos García Moreno, Chief Financial Officer, America Móvil

Keynote address: Understanding the financing plans of Mexico’s government for 2020 and beyond

• What are the government’s long-term plans to encourage investor confidence in light of a changing political climate and the sovereign’s rating downgrade?
• Public spending strategy: How much capital does the government need to secure to implement its growth plans? In Which markets are the government looking at to raise funds?
• How is the government planning to facilitate the flow of capital for projects outside Pemex? How are they looking to make the contracts more bankable?

Speakers

• José de Luna, Head of Public Credit, Ministry of Finance, Mexico

Trade wars, rate cuts and US elections: Assessing the impact of macroeconomic volatility on the Mexican economy

• Expectations one year into the new administration: How do investors, lenders and issuers feel about Mexico’s outlook for the first half of 2020?
• How will the Fed’s rate cuts affect Mexico’s own monetary policy and market activity
• Update on USMCA: How are the ongoing negotiations impacting Mexico’s manufacturing and credit markets?
• Pricing and inflation hike due to uncertainty of deal: How can Mexican manufacturers hedge against this pricing change? How can they benefit more from USMCA?

Moderator

• Guillermo Andrade, Vice President, Loan Syndications Americas, HSBC

Speakers

• Jorge Padilla Ezeta, Chief Financial Officer, Grupo Kuo

• Luis Martínez, Senior Director, Sector Specialist, Soft Industries, S&P Global

• Jack Deino, Independent

• Cristián Mucherl, Head of Latin America Fixed Income, BBVA Asset Management

Coffee and networking break

Evolution of Mexico’s ESG and sustainable finance markets: How can issuers and investors capitalise on this additional liquidity to make a concerted effort to issue green?

• Increased international appetite for ESG as an investment tool: How can Mexican issuers develop socially conscious governance structures to improve ESG scores?
• Assessing ESG metrics and rating analysis for socially conscious investments: What do investors expect versus reality? How do ESG metrics affect funding and economic performance of projects
• Green bonds vs. green loans: What factors do issuers and investors need to take into account to successfully issue green in Mexico?
• Which Mexican corporates are developing sustainable finance products? What are criteria are they looking for in their banking relationship?

Moderator

• Charlotte Peyraud, Vice President, Sustainable Banking, Crédit Agricole CIB

Speakers

• Eduardo Atehortua, Head of Latin America (ex-Brazil), Principles for Responsible Investing

• Francisco Romano, Director, Investment Banking, Banco Sabadell

• Roberto Guerra, Managing Director, PCR Verum

• Silvina Bruggia, Market Development Director, Latin America, Refinitiv

• Yamur Muñoz, Director, Head of Debt and Equity Capital Markets Origination, HSBC

• Alonso Pedrero, Head of New Project Financing, Vinte

Introduction: Preparing for a transition away from LIBOR: How to ensure your organisation is ready for the seismic shift?

Speakers

• Eamonn Maguire, Global Financial Services Lead, KPMG

Preparing for a transition away from LIBOR: How to ensure your organisation is ready for the seismic shift?

• What is replacing LIBOR as a benchmark in Latin America?
• Transitioning: What do banks and borrowers need to be aware of when renewing loan contracts?
• Reviewing recent deals launched using alternatives to LIBOR: How can this be applied to deals within a Latin American jurisdiction?

Moderator

• Nicolás Olea, Lead Risk Management Advisory Partner, KPMG

Speakers

• Abraham Izquierdo, Executive Director, Banorte

• Salvador Covarrubias, Managing Director, Head for FX, Short-Term Markets & Securities Lending,, Santander

• Elidio Maniero, Managing Director, HSBC

Networking Lunch

On the road to refinancing: How can the administration instil greater confidence in the Oil and Gas sector?

• What are the critical success factors firms need to employ to secure economically viable new projects with competitive pricing?
• Evolution of the Dos Bocas oil refinery: What are the principal challenges and opportunities available for other oil and gas players?
• Access to working CAPEX: How do the government plan to support oil companies to achieve a healthy balance sheet?
• What would be the impact of refinancing on Mexico’s local market activity? Who will be the players refinancing these debts?

Moderator

• Rodrigo García de León, Executive Director, Mizuho

Speakers

• Daniel Elguea, Chief Financial Officer, Fermaca

• Lucas Aristizabal, Senior Director, Latin America Corporate Ratings, Fitch Ratings

• Rodrigo Melendez, Treasurer, IEnova

• Luis Nicolau, Partner, Ritch Mueller

What steps need to be taken to secure continued local and international sponsorship into Mexico’s energy sector?

• How can Mexican developers re-engage international interest to demonstrate the door for investment is still open?
• Electricity sector private auctions: What opportunities are available for the private energy sector to attract new investment?
• Assessing the future of the energy sector post 2021/22: How will renewable projects be financed? Which markets can be tapped to access new capital? For how long will energy tariffs remain stable?
• Evaluating the changing role of CFE as a potential electricity generator: How would this alter the competition for tenders?
• ECAs, DFIs and IFIs: Will their appetite to lend to energy projects in Mexico change in light of the slowdown of energy auctions? How can developers secure more funding from these lenders?

Moderator

• Miguel Siliceo, Chief Financial Officer, Bancomext

Speakers

• José Antonio Aguilar, Principal and Chairman, Vive Energía

• Mauricio Del Valle, Chief Financial Officer, Saavi Energía

• Fernando Montes de Oca, Chief Executive Officer, HR Ratings

Coffee and networking break

Mexico’s infrastructure pipeline for 2020/21: What is the government’s plan at federal and regional levels for new initiatives and financing opportunities?

• Continuation of financing existing projects: What are the key funding sources of the government’s strategic programme?
• Infrastructure Fibras: Which assets are best to invest? How does pricing compare to Real Estate Fibras? Assessing investment opportunities will new ventures create for private firms
• Importance of funding large infrastructure projects in USD: How can firms with peso dominated cashflows enter into the market?
• The long road to PPPs: How can these be made bankable, and what is the timeline for these projects to come to fruition?
• Evolution of projects outside CDMX: Which projects and regions are most attractive to investors?

Moderator

• Adrián Garza, Vice President, Senior Analyst, Moody's Ratings

Speakers

• Alex Fabrega, Investment Director, CKD Infraestructura

• Fernando Alonso, Deputy Finance Director, Marhnos Infraestructura

• Hans Schroeder, Senior Director Real Assets & Infrastructure, Blackrock

Pricing Mexican credit: Where are the investors’ sweet spots?

• Politics, market dynamics and credit ratings: How is uncertainty being priced into Mexican bonds? How are investors hedging their exposure to Mexico?
• Understanding the appetite for local and cross border bonds – where do issuers and investors see the most value?
• Restoring investor confidence: What critical success factors do international investors need to boost long-term investment into the Mexican market?
• Assessing the value of investing directly into CKDs, Fibras and CERPIS - is the demand amongst local buyers matched with the return on investment?
• What steps need to be taken to encourage issuers to come to market? Prior to issuance, which credits are attractive to investors?
• How can REITs capitalise on the window of opportunity in the market? What do investors need to see to drive more growth?
• Looking to the Far East: How can Asian interest in Mexico be converted into new investment?

Moderator

• Alejandro Sainz, Partner, Sainz Abogados

Speakers

• Joshua Zermeno Neri, Chief Investment Officer, Mexico, AXA Seguros

• Carlos Ochoa, Deputy Chief Executive Officer, Credito Real

• Gareth Nicholson, Head of Fixed Income,, Bank of Singapore

• Carlos Gómez Espinosa, Chief Financial Officer, Terrafina

• Fernando Alvarez, Chief Financial Officer, Fibra Uno

• Gabriel Ramirez, Chief Financial Officer, Fibra Shop

Chairman's closing remarks and close of conference