(company) Nasdaq: EWBC Solar Project Financing 0 East West Today • Among the Top 30 Publicly-Traded Banks in the • • • • • • Nation Second Largest Independent Bank Headquartered in Southern California Nearly $22 Billion in Total Assets Over 130 Branches Worldwide Seven Consecutive Quarters of Strong Financial Performance Excellent Capital Position Strong Credit Indicators 1 Successful Acquisition History First Central Bank $108 Mil Assets 1999 2000 Prime Bank $108 Mil Assets 2001 American International Bank $199 Mil Assets Trust Bank $235 Mil Assets 2003 Pacific Business Bank $165 Mil Assets 2004 Standard Bank $898 Mil Assets 2005 United National Bank $948 Mil Assets 2006 United Commercial Bank $9.9 Bil Assets 2007 2009 Desert Community Bank $532 Mil Assets 2010 Washington First Int’l Bank $493 Mil Assets 2 2 Strong Growth and Performance Total Assets (in billions) CAGR = 22% Deposits (in billions) CAGR = 20% Total Loans (in billions) CAGR = 21% Stockholders’ Equity (in billions) CAGR = 23% 3 Ranked No. 2 America’s Best Bank 4 10 Best Stocks for 2011 EWBC was named by Fortune magazine as one of the “10 Best Stocks for 2011”— the only bank to make the list. 10 best stocks for 2011 By Jon Birger, contributor 1. MOSAIC (MOS) 2. Agrium (AGU) 3. Dow Chemical (DOW) 4. Transocean (RIG) 5. Royal Dutch (RDSA) 6. Lennar (LEN) 7. East West Bancorp (EWBC) 8. Royal Carribean (RCL) 9. Entropic Communications (ENTR) 10. Apple (AAPL) 5 Strong Capital • East West’s Capital Levels are Among the Highest in the Nation • Under all Regulatory Guidelines, East West has Excess Capital above the “Well Capitalized” Requirement of Over $800 Million 6 Our Distribution Channel- Over 130 Branches Leading retail presence in Asian communities Commercial banking centers strategically located In-store branches through 99 Ranch Markets, largest and fastest growing Asian supermarket chain Only Chinese-American focused bank with full service banking offices in U.S. and China U.S. – 128 Branches: California – 106 Branches: Northern California – 34 Locations: 32 Full Service Branches 2 In-Store 99 Ranch Market Branch Southern California – 72 Locations: 63 Full Service Branches Greater China – 8 Locations: 3 Full Service Branches Hong Kong, Shanghai and Shantou Representative Offices Beijing, Shanghai, Shenzhen, and Taipei 9 In-Store 99 Ranch Market Branches New York – 8 Branches Georgia – 5 Branches Massachusetts – 3 Branches Texas – 2 Branches Washington – 4 Branches 7 The Premier Bridge Between East and West • Greater China and Pacific Rim countries continue to emerge as increasingly important constituents of the global economy East West is a natural leader who can connect customers to new opportunities • Only Asian-American Bank with Full Service Branches in China • Bank of Choice for New Immigrant Chinese-Americans • The Financial Bridge Between East and West Leading Market Share in Chinese American Market – The East Growing Position in Key Mainstream Banking Markets – The West 8 The Premier Bridge Between East and West • Extensive Network of contacts and resources in the area provides invaluable access to clients Assist clients in cross-border business and personal financial objectives Bridge customers to manufacturers, distributors and investors • Understanding of the cultural and business practices on both sides of the Pacific enables us to guide clients through complex business and financial landscapes • Gateway to U.S. Asian Communities for Mainstream Corporations Corporations such as Southern California Edison, Staples, Verizon, Caltech, Sempra Energy, and LA Lakers sought East West to tap into U.S. Asian communities and partner in Green initiatives 9 Our Partners Panel manufacturers Developers Law firms Integrators Tax Equity East West Bank CPA firms Sponsor Equity Engineering firms Insurance 10 Sources of Funding • Sponsor Equity ► ► • ► • • “Skin in the game” Working capital issues Loan ► ► 30-50% Construction Term loan Tax Equity Other possible investors ► 15-35% 35-40% Private equity Module manufacturers 11 Sources of Funding II • Loan ► Size of transaction • • ► Financeability • • • • • • 100kW – 1MW SBA Solar Project Financing Program (up to $5MM project size) 1MW+ Solar Project Financing Risks-sheer size Site control Permits End user EPC Company Tax Equity ► ► Federal investment tax credit / 1603 cash grant in lieu of ITC Federal depreciation 12 Case Study 1 – Aerojet 13 Case Study 1 – Aerojet 14 Case Study 1 – Aerojet • • • • 6MW DC project in Folsom, California installed on 40+ acres of brown field. Used as a case in point by the EPA to detemine how industry and government agencies can work together to develop brown field locations. Equivalent to planting more than 976,000 trees or eliminating the pollution from driving a car 8 million miles. Led to hundreds of construction, operations, and maintenance jobs. 15 Case Study 2 – Depot Park 16 Case Study 2 – Depot Park 17 Case Study 2 – Depot Park • • • • • 3MW DC project in Sacramento, CA on 15 acres of brown field. Single largest solar project in the city of Sacramento. Produces enough electricity to power 458 average American homes year after year. Equivalent to removing 696 cars from the highway yearly or 94,451 tons of greenhouse gases over 25 years. Created up to 95 green jobs in the community. 18 Don Danh, Senior Vice President 2350 Mission College Blvd., #988 Santa Clara, CA 95054 Tel: 408-677-1519 Fax: 408-588-9688 www.eastwestbank.com 19