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Investor Presentaiton

14 How to INVEST in São Paulo STATES 15 Largest exporter of beef in Brazil (approximately USD 2 billion per year); Sugarcane ethanol is produced sustainably, regarding social, economic and environmental aspects and it currently represents the best and most advanced existing option for the large-scale production of biofuels; • The use of biomass has been the focus of the development of new technologies. Industry São Paulo State concentrates approximately 37% of the Industrial Transformation Value (VTI) in Brazil. The high technological complexity of the industrial productive structure in São Paulo is reinforced by the significant presence of innovative companies and the concentration of knowledge-intensive and information-intensive services, which ultimately add high qualification to the development of new products, processes and research and development activities. Major Sectors: Automotive vehicle manufacturing; Chemical products; • Food; • Machines and equipment; Metal products; ⚫ Petroleum and biofuel by-products; ⚫Pharma chemicals and pharmaceutical products; Rubber and plastic; Trucks and truck bodies. In addition, São Paulo is the largest exporter in the aerospace industry in Brazil. International Trade São Paulo State exported approximately USD 52 billion in 2010, accounting for 26% of Brazilian exports. Approximately 38% of this value was generated by 15 products, among which the most important are sugar (derived from sugar cane and sucrose), airplanes, automobiles, ethanol, boneless beef, orange juice and mobile devices. Industrialized goods accounted for 89% of exports. Main Destinations of Exports from São Paulo (%) United States 10% Others 26% Asia 12% Mercosur 19% Aladi 16% European Union 17% Regarding imports, São Paulo accounted for 39% of Brazilian external purchases of industrialized products. With regard to basic products, the participation of São Paulo corresponded to approximately 24% of the total imported by the country. The United States, São Paulo State's major supplier, represented 19% of imports, followed by China (13%) and Germany (10%). Main Origins of Imports in the São Paulo Africa Mercosur 5% Others 12% 5% United States 19% European Union 28% Ministry of Development, Industry and Foreign Trade, 2010. Asia 31% In 2010, the state's volume of international trade grew by approximately 23% in exports and 34% in imports, compared to the previous year, which confirms the recovery of external sales and the strength of the State's economy after the global crisis of 2008. Investments in São Paulo State According to Fundação Seade (São Paulo Satate's statistical agency), USD 50.8 billion in public and private investments were announced in 2010, approximately 79% higher than the amount verified in the same period in 2009 (USD 27.9 billion). These investments were made mainly by companies in the automotive, beverage, telephone and sanitation sectors. FOREIGN DIRECT INVESTMENT In the past 10 years, Brazil has received approximately USD 255 billion of foreign investments in the economy's productive sector. In 2010, USD 48 billion were received and the Central Bank estimates USD 55 billion for 2011. In the first half of 2011 alone, this type of investment reached USD 32.5 billion, the greatest value recorded since 1947, when this figure started being measured by the Central Bank. Over the last few years, São Paulo State has received a substantial amount of this foreign direct investment flow, mainly in the telecommunications, energy, infrastructure, services, agribusiness and automotive sectors. These investments come from a wide variety of countries, with the United States and China standing out. STATE INVESTMENT Between 2011 and 2014, USD 39.4 billion from the State treasury is forecast for the following projects: rail passenger transport (USD 22.5 billion); road transport (USD 16 billion); ports (USD 406 million) and airports (USD 277 million). All these projects represent excellent opportunities for potential foreign and domestic investors through concessions or public- private partnerships (PPPs). • Machines, devices and electric materials; Ministry of Development, Industry and Foreign Trade, 2010.
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