FP Foresight Global Real Infrastructure Fund (GRIF) Investor Presentation July 2019
Important Information This financial promotion is issued and approved by Foresight Group LLP, which is authorised and regulated by the Financial Conduct Authority (FCA). Foresight Group LLP is the investment manager of the FP Foresight Global Real Infrastructure Fund (GRIF) and the Authorised Corporate Director (ACD) is FundRock Partners Limited. This presentation is directed only at financial intermediaries and financial institutions that are authorised and regulated by the FCA. Please ignore and delete this presentation if you are not a UK authorised financial intermediary or financial institution. There are a number of risks connected to an investment in GRIF and the opportunity described in this presentation is not suitable for all investors. Risk are explained in the Fund Prospectus. We recommend investors seek professional advice before deciding to invest. Investors must read the Fund Prospectus and Key Investor Information Document before making an investment decision. Past performance is not a reliable indicator of future performance and may not be repeated. Capital at risk.
Contents 1. Foresight Group Overview 2. Investment Philosophy: Real Infrastructure 3. Investment Strategy and Process 4. The Portfolio 3
Introducing Foresight Group Foresight Group is a global infrastructure and renewable energy investment manager with £4bn Assets Under Management. 10 35 year £4.0bn offices investment assets under track record management 215 staff globally 90+ 28 1.6GW+ investment institutional renewable energy professionals and retail funds generation 4
Foresight Capital Management Foresight launched an income fund in December 2017 to address the real infrastructure gap in the OEIC market. The FP Foresight UK Infrastructure Income Fund UK Fund Overview Fund Flyer FP Foresight UK Infrastructure Income Fund Target Investment TRIG HICL INPP NESF Company Holding Level 2,000+ Infrastructure Asset 5
FP Foresight UK Infrastructure Income Fund (FIIF) vs FTSE All-Share Cumulative Total Return 1 % 25 20 15 10 5 0 -5 -10 Dec/2017 Mar/2018 Jun/2018 Sep/2018 Dec/2018 Mar/2019 Jun/2019 FP Foresight UK Infrastructure Income Fund FTSE All-Share Index One Year Sharpe CumulativeTotal DT Risk 30 Day Vol 90 Day Vol 180 Day Vol 360 Day Vol Beta Ratio Return Rating 2 KIID Rating 3 FE Risk Scores FP Foresight UK Infrastructure Income 5.79 4.36 4.29 4.50 0.20 2.76 22.20 Fund 4 4 44 8.98 9.19 11.82 11.93 1.00 N/A 6.95 FTSE ALL SHARE N/A N/A N/A Source: 1) Bloomberg Data Notes: 2) DT Risk Rating is a score out of 10 3) KIID Rating is a score out of 7 6
Contents 1. Foresight Group Overview 2. Investment Philosophy: Real Infrastructure 3. Investment Strategy and Process 4. The Portfolio 7
The Investment Team The fund is managed by a team of infrastructure investment specialists and material investment decisions are approved by the fund’s investment committee. Fund Managers Investment Committee Nick Scullion Mark Brennan Carly Magee David Hughes Bernard Fairman Nigel Aitchison Philip Stephens Lead Fund Co-Manager Co-Manager Chief Investment Chairman and Head of Independent Manager Officer Founding Partner Infrastructure Director Nick is the Lead Fund Mark is a Senior Carly joined Foresight David joined Foresight in Bernard Formed Foresight Nigel Aitchison joined Philip retired from the City Manager responsible for Investment Manager at Group in 2014 and is a 2004 and is a member of Group in 1984. He has Foresight Group in 2009 after nearly 40 years investment decisions. He Foresight Group. He is Partner based in the the firm's Executive managed multiple and is a Partner and Head working in UK Corporate is the Head of Foresight also the Lead Manager of London office. She has Committee and has over portfolios through to IPO of Infrastructure based in Finance for various Capital Management and the FP Foresight UK over 11 years of 40 years of investment or trade sale. Responsible the London office. A financial institutions is responsible for fund Infrastructure Income infrastructure investment experience having started for strategic direction and member of the firm's including Lazard, Chase management and growth Fund. Mark joined experience. Carly is his career in 1974 at 3i management of Foresight Executive Committee, he Manhattan and UBS of Foresight's open-ended Foresight Group in 2017. responsible for raising and where he was responsible through organic growth has over 30 years of where he was head of UK fund business. He joined Prior to which, he held a deploying capital in the for advising public and and acquisition to leading experience covering Corporate Finance. Since Foresight Group in 2017 range of roles within the energy infrastructure private companies on positions in the VCT and specific areas such as 2002 he has served on the and has nine years of alternative investments sector across Europe and corporate strategy, UK environmental waste management, boards of many experience in fund space, including as a Australia with a focus on acquisitions, disposals, infrastructure markets. project finance and fund companies as a non- management, capital private equity fund-of- solar, wind and bioenergy mergers and capital management. executive Director mostly markets and corporate funds investor at SL projects. raising. as Chairman. finance. Capital Partners. 8
Five Key Reasons to Invest in the FP Foresight Global Real Infrastructure Fund The Fund is actively managed by the award winning Foresight Capital Management team and invests in the publicly traded shares of companies that own or operate real infrastructure or renewable energy assets anywhere in the world. The Fund targets an annual return in excess of CPI+3% over any five year period. Global Infrastructure Specialists 1 Foresight Group has been investing in infrastructure for decades and has transacted in billions of pounds of private and public infrastructure investments. The Foresight Capital Management team responsible for open- ended infrastructure funds won ‘Fund Manager of the Year’ at the 2018 PLC awards. Real Infrastructure 2 The investment proposition is truly unique, the Fund invests exclusively companies that own or operate real infrastructure anywhere in the world while avoiding traditional cyclical equities that make up the portfolio of many ‘equity infrastructure’ funds. Low Correlation to Equities 3 Real infrastructure asset owning companies typically have low correlation to equity markets due to highly visible and forecastable cashflows driving a steady return throughout the market cycles. Lower Volatility than Equities and Alternatives 4 The underlying assets that the Fund’s portfolio companies own are long -term, often government contracted, inflation linked real assets that are typically less volatile than investments in standard equities. True ESG 5 We will only invest in a companies that the investment team believes deliver a net social or environmental benefit and meets the ten principles of the United Nations Global Compact. 9
Why Global Real Infrastructure for Diversification and Attractive Risk Adjusted Returns? Infrastructure asset owning companies around the world are well placed to deliver attractive returns to investors as they provide essential services that allow the global economy to function. Further, they are well positioned to benefit from structural changes in both developed and emerging markets. Investment Thesis ▪ The global economy is changing. Economies are developing at the fastest pace in history and changes to demographics around the world are driving the need for more infrastructure than ever before. ▪ The transition to a global green economy is increasingly urgent and the renewable energy industry is seeing unprecedented level of demand and awareness. Real infrastructure assets benefit from attractive characteristics: inflation linkage, long-dated revenue streams, government and public sector counterparties, high barriers to entry and stable, predictable demand. ▪ Through global exposure, investors can access a highly diversified pool of infrastructure assets that display these characteristics but are unavailable in UK listed markets. ▪ Examples of highly attractive global infrastructure assets include large scale hydroelectric and geothermal generation, Government and medical facilities and diversified renewable energy generation across emerging markets. 10
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