CMS Energy Corporation · NYSE:CMS
CMS Energy — Investor Presentation (February 2006)
21 slides from CMS Energy's investor presentation, February 2006
Slide 1: Morocco - Gateway Advantage
Morocco- “Gateway Advantage”
Slide 2: Overview
Overview • Introduction to CMS Energy – Profile – CMS Energy investment experience in Morocco – Commitment to Morocco • Morocco-"Gateway Advantage" – Global Benchmark – Infrastructure – Investment Climate – Industrial Park Locations – Target Industry Sectors – Quality of Life • US-Morocco Free Trade
Slide 3: CMS Energy Profile
CMS Energy Profile • CMS Energy (CMS) is a North American integrated energy supplier and services company headquartered in Jackson, Michigan • Principal subsidiary is Consumers Energy, which provides electric and natural gas to over 6 million of Michigan’s 9.5 million residents in the lower peninsul
Slide 4: CMS Energy Experience in Morocco
CMS Energy Experience in Morocco • Formed joint venture with ABB Energy Ventures to own and operate Jorf Lasfar Power Plant in 1996 and expand it from two units to four units – U.S. $1.5 billion total investment • Expansion was completed on time and under budget • Four units provide 1,356 MW, approx
Slide 5: Commitment to Morocco
CMS Energy Commitment to Morocco • Morocco CMS Energy’s success in has led to a corporate commitment to the government to help promote the country as an emerging trade and investment location in select markets to include: – Completion of a market feasibility study by Fluor Global Services – Help wit
Slide 6: Global Benchmarks
Global Benchmarks • CMS Energy commissioned internationally recognized site Jorf Lasfar Industrial location consulting firm, Fluor Park Feasibility Study Global Services (FGS), to perform a benchmark comparison study of Morocco to other countries in the Final Report region including Spain, Portugal,
Slide 7: Strategic Advantages
Strategic Advantages • Proximity to European market • Moroccan Free Trade Agreement (FTA) with the European Union – Morocco is to the EU Trade Block as Mexico is to NAFTA Agreement • Recently signed FTA with the U.S. • New Investment Charter encouraging foreign investments • Low labor cost #1286 7
Slide 8: Morocco: a geo-strategic location
Morocco: a geo-strategic location Less than 6 days from Just –in-time delivery to the Eastern Coast of -Europe USA Morocco : Gateway to …and Arab-Mediterranean Africa…. countries
Slide 9: European Center of Automotive Production
European Center of Automotive Production Scania Nissan Saab Peugeot Volvo Volvo Moskwitsch Ford GM Rover Mercedes Jaguar GM Ford VW GM Karmann BMW Honda Rover NedCar VW • Ford Mercedes Volvo Ford Opel GM Opel VW Renault VW Opel BMW GM EUCitröen Center of Market BMW MC MAN Skoda Fiat Fiat Freiburg, G
Slide 10: Infrastructure: Transportation
Infrastructure Transportation • Morocco’s has a 60,000 km road network and is expected to complete a four lane highway between Tangier and Jorf Lasfar by 2005 • Moroccan rail company, ONCF, operates 2,000 km rail system with plans to modernize and extend the rail network • There are 11 major airport
Slide 11: Infrastructure: Energy Supply and Telecommunications
Infrastructure Energy Supply and Telecommunications • Morocco has solid energy supply with CMS Energy’s Jorf Lasfar facility supplying 60% of the country’s current demand • Moroccan government moving toward liberalized energy sector allowing for a “free market” energy supply options for select indus
Slide 12: Infrastructure: Atlantic and Mediterranean Ports
Infrastructure Atlantic and Mediterranean Ports • Morocco has 27 “feeder” ports located on the Atlantic and Mediterranean coasts providing shipping access to North America and other global ports through European hub port network • Other Atlantic Ports, such as Jorf Lasfar, capable of handling PanMax
Slide 13: Quality Labor Force
Quality Labor Force • Young workforce with 60% of population less than 25 years old with 56% at working age • Globally competitive labor costs at all levels including floor workers, engineering, and professional • Strong vocational support structure with over 517 institutions country- wide, as well
Slide 14: 21st Century Industrial Park Settings
21st Century Industrial Park Settings • Government has prioritized development of three 21st century industrial park projects: – Tangier Free Zone-operating - Exemption from taxes and customs charges - Access to airport and port facilities - Light industry/distribution – Nouaceur Techno Park-operati
Slide 15: Target Industry Sectors
Target Industry Sectors • Fluor Global Services benchmark study confirms that Morocco is well suited for expanding business ties in the following industries: – Food processing – Automotive Components – Electronics – Plastics processing – Textile – Agribusiness
Slide 16: Quality of Life
Quality of Life • Housing—High quality housing for foreign transplant families • Emerging “World Class” city— Casablanca is Morocco’s financial and business center • Rich history—Morocco’s history dates back thousands of years • Tourism—Fast becoming a destination point for European and U.S. tourist
Slide 17: Free Trade Agreements
Free Trade Agreements • In April 2002, President George W Bush and His Majesty, King Mohammed VI agreed to work toward a free trade agreement between the U.S. and Morocco • Negotiations for FTA completed, ratified by Congress, and signed by the President of the United States • Unlike EU agreement, U
Slide 18: Recent Moroccan Investors
M Gateway Recent Moroccan Investors Dbet_PHI Automotive Systems polydesign ST OP en © SUMITOMO ELECTRIC
Slide 19: Conclusion - Morocco's Competitive Advantages
Conclusion-Morocco’s Competitive Advantages • Supportive government • Strategically positioned to access Europe, Africa and North America • FTA agreements with both Europe and the US • Basic infrastructure in place today • Solid existing industrial base-- Potential supplier and expansion opportuniti
Slide 20: CMS Energy Results: Comments
CMS Energy Results Comments • “We are pleased to have the support of one of the world’s leading companies, such as CMS Energy in our efforts to promote Morocco as Morocco-"Gateway Advantage".” His Excellency, Aziz Mekouar Ambassador of Morocco Washington, DC
Slide 21: For More Information Contact CMS Energy Economic Development
FOR MORE INFORMATION CONTACT: CMS ENERGY ECONOMIC DEVELOPMENT ONE ENERGY PLAZA EP8-278 JACKSON, MICHIGAN 49201 TEL: 1-800-331-9366 FAX: 517-788-1955 Attn: Dennis H Marvin dhmarvin@cmsenergy.com www.cmsenergy.com