Ireland Strategic Investment Fund ISIF 2.0...An Introduction Press - PowerPoint PPT Presentation

Ireland Strategic Investment Fund ISIF 2.0...An Introduction Press Pack Presentation by Eugene O'Callaghan, Director, ISIF

ISIF 2.0...AN INTRODUCTION Eugene O'Callaghan Director, ISIF

ISIF 1.0 (2015 to 2018) ISIF 2.0 (2019 onwards) “Invest on a commercial basis to support economic activity and employment in Ireland” Economic Commercial Impact Returns Thinking in decades & making a difference

ISIF 1.0 – Outcomes

ISIF 2.0… “Double bottom line” mandate remains unchanged P • Governance and management unchanged • Reduced fund size €5.4bn • Significant investment capacity €500m pa +/ - ISIF 2.0 as a “Strategic” investor P • Leveraging co-investment • Flexible, long term, sovereign investment partner • Seeking to drive balance, quality and sustainability in the Irish economy ISIF 2.0 - focused on 5 Priority Themes P • Guided by Project Ireland 2040 • Priority Themes: Regional development, Housing, Indigenous Businesses, Climate Change, Brexit • Connectivity Fund sub-portfolio • Flexibility for other compelling national level opportunities • Aligned with Government policies, Thinking in decades & making a difference

ISIF 2.0… Priority Themes

Regional Development €500m - €750m regional, commercial investment programme Enabling the Regions Enabling investment • Infrastructure, urban regeneration etc Investment in regional businesses Regional Businesses Aligned with Project Ireland 2040 • Regional partnerships

Housing 25,000 houses by 2025 ISIF’s Housing Strategy Strategy: apply ISIF capital to fill gaps 1. Unlocking land 2. Build for sale 3. Long term rental Focused on starter homes and mass market units • Will seek to invest in social and affordable housing where commercially possible

Indigenous Businesses Support scaling of 100 indigenous businesses Competing internationally Assist in developing next wave of larger scale indigenous businesses to compete internationally Scale up to 100 indigenous businesses over 5 years Directly for larger amounts • Broad range of sectors • Food & Agriculture, Technology and Health in & particular Use platforms to maximise Venture and early stage investments will be aimed impact for SMEs at developing a candidate pool ISIF will increase direct investment (debt & equity) to support scaling and internationalisation

Climate Change Decarbonisation – reduction, mitigation and efficiency Contribute to Ireland’s future 2030 EU Renewable Energy targets by making investments to deliver substantial carbon reduction State market support regimes an important factor Renewable Electricity Possible opportunities in … 1. Renewable Electricity 2. Renewable Transport Renewable 3. Food & Agri Sector Transport 4. Renewable Heat Food & Agri. Sector ISIF will measure and monitor carbon where possible across its entire portfolio. Renewable Heat

Brexit Commercial investment to support long-term diversification and resilience of businesses in Ireland that have substantial UK exposures ISIF’s Brexit Strategy Dependent on outcome of current Brexit process in UK Brexit strategies for threatened businesses: Product Long term Diversification - Exchequer/Agencies: short term financial support. capital for businesses - ISIF: long term investment in markets and product Market diversification. Diversification Loan funds for specific sectors Possible physical connectivity investments Connectivity Emerging markets diversification

ISIF Team Eugene O'Callaghan Director T +353 1 238 4066 E eocallaghan@ntma.ie info@isif.ie Fergal McAleavey Kieran Bristow Cathal Fitzgerald Senior Investment Director Senior Investment Director Senior Investment Director Private Equity & Venture Capital Investment Strategy & Residential Food & Agriculture Housing www.isif.ie T +353 1 238 4432 T +353 1 238 5017 T +353 1 238 5058 E cathal.fitzgerald@ntma.ie E fergal.mcaleavey@ntma.ie E kieran.bristow@ntma.ie Saoirse O’ Connor Donal Murphy Paul Saunders @ntma_ie Investment Director Senior Investment Director Senior Investment Director Infrastructure Investments Portfolio Monitoring Innovation T +353 1 238 4934 T +353 1 238 5063 T +353 1 238 5049 E donal.murphy@ntma.ie E saoirse.oconnor@ntma.ie E paul.saunders@ntma.ie LinkedIn Mikael Langstom Investment Director Risk & Portfolio Analytics T +353 1 238 4231 E mlangstrom@ntma.ie