Green Bond Fact Sheet

BayWa

Date: 19/06/2019

Issue date: 26-06-2019 Maturity date: 26-06-2024 Tenor: 5Issuer Name

BayWa AG

Amount Issued

EUR500m/USD560m

Country of risk

Germany

CBI Database

Included

Issuer Type1

Non-financial
corporate

Bond TypeSr unsecured

Green Bond Framework

Link to Framework

Second party opinion

ISS oekom

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☒ Solar☒ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☒ Energy storage☐ Energy performance☒ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission
vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
Reporting

BayWa will report on the allocation of net proceeds and associated impact metrics of thegreen bond within one year from issuance date and annually thereafter until the proceeds
have been fully allocated, and as necessary in the event of material development. This will
be published as a standalone green bond report on BayWa’s website.

Company information

The BayWa Group, head quartered in Munich, operates in three segments globally, namelyAgriculture, Energy and Building Materials. The Agriculture segment comprises fourbusiness units: BayWa Agri Supply & Trade (BAST), Agri Trade & Service, Global Produceand Agricultural Equipment. The Energy operating segment is divided into the Renewable
Energies business unit and the Conventional Energy business unit. The Building Materials
segment comprises building materials trading activities, as well as the operation of DIY andgarden centres in Austria.

Firsts, records andcertifications

According to the issuer, “this was the first benchmark-sized green bond transaction inEurope by an unrated issuer.”

Proceeds description

The proceeds of the Green Bonds to be issued by BayWa will be exclusively used forfinancing and refinancing of renewable energy projects. These projects aim at increasing
the production, connection and distribution of renewable energies, including solar (PV) andwind (onshore).

Climate Bonds view

Underwriters

BayWa is a large corporate group with activities in many countries. It can thus have asignificant positive environmental impact, which is not limited to renewable energy
projects. We hope this is a successful issuance for BayWa and that the company considers
issuing green bonds for other areas of its business; in particular, it would be great to see agreen bond focusing on Agriculture, which represents 66% of BayWa’s total revenue.
BNP Paribas, DZ Bank AG, ING, UniCredit

Deal comments
Credit Rating

1

Pricing summary

A coupon of 3.125% was generated due to the oversubscription of the order book.

Investors summary

A total volume of EUR500m was placed for domestic and international institutional
investors. The placement produced an order book of EUR750m. The bond had beenpresented to investors in Germany, England, France, Austria and Switzerland during aroadshow at the start of June.

Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign