Simple Green BES/EII Funds Investor Conference Citywest Hotel – 25 th September 2013
Agenda of this Presentation 1. BVP Simple Green BES/EII Funds – overview 2. BVP Simple Green BES/EII Funds – performance 3. Cleantech market update 4. Company Presentations EFT Control Systems • Skypaq • Nines Photovoltaic • Ikon semiconductor • 5. Wrap up & Q&A
Business Venture Partners • Cleantech and renewable energy expertise • Corporate Finance expertise • Milestones • 6x Simple Green EII funds € 7.5m since 2007 • 1x BVP Wind Bond (new) € 1.8m in 2013 • 2013 -Completing investments in the 6 th fund
BVP - Team Elliott Conor Mark Griffin Toolan Richardson MD Director Company Secretary David Stephen Gavagan Cloonan Non-Exec. Non-Exec. Director Director
Deal flow Statistics – Last 12 months 45 Projects (incl. current portfolio) Renewables Energy Efficiency 26 Projects Waste / Waste to Evaluated Energy Consumer Products Portfolio Water Pipeline Total 8 Other 0% 50% 100% Investments 2 new, 6 existing
Deal Flow Statistics… BVP takes a systematic approach to selecting investee companies M&A Candidate Screening Deal Flow Statistics… Investment Screening Process Low Level Pipeline High Level Investment Screening Screening Investment Investment Due Diligence Industry Contacts Executives Committee & Close
Focus on the Export Market – a sample Exports as % Company Sector Sales Export Focus Energy Management > 75% US Software Off-Grid Electricity > 90% EU /M.East Generation Energy efficient lighting > 90% EU / US /Asia Water Treatment > 90% UK / EU / US Solar cell manufacturing > 90% EU tech Wind farm maintenance > 50% NI, UK Biogas / AD / Composting > 80% UK Airline Software 100% US & EU
How Our Portfolio Companies Have Partnered Partnership with their main customer, Finnair and AMOS Swiss Aviation Software Significant trials with British Gas and Scottish and Southern Energy Joint Venture with Jones Engineering Trials with Welsh Water and MWH
Examples Of How Our Portfolio Companies Have Partnered Partnership with Northstar batteries and Alcazar Capital Significant trial with Fraunhofer Institute Business partnering with ESB since 2003 White labelling with Energia in 2013
What are the Main Challenges for our Portfolio Companies External Availability of Cost of Untested capital equipment technology Challenges of Need to Challenges of new business continuously new technology Internal models innovate Lack of Delivery of Lack of proven financing scale history expertise
We have been active… Active Introduction of key Commercial director Investor Style Introduction experienced Entrepreneur to invest / run Liquidity / company Exit Events Continue with Monthly / Quarterly board meetings and Good financial information Governance
Simple Green BES/EII Funds Fund Performance Mark Richardson
Fund manager dedicated to value creation… Bringing together individual investors with high growth opportunities Potential 1. Tax relief INVEST MANAGE Investee negotiate monitor Companies DD board Close partner 2. Capital growth EII Investors Capital => Investment returns
Tax relief for Investors • Min: € 250, Max: € 150,000 • Minimum 3 year holding period for shares • 41% tax relief for Funds 1 to 4 • 30% tax relief for Funds 5 onwards on investment • 11% available on completion of holding period and either of the following conditions met: • Increased employment by investee company • Increased R&D expenditure by investee company
Simple Green BES/EII Funds (01) 657 2900 info@bvp.ie
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