SLIDE 1
Simple Green BES/EII Funds Investor Conference
Citywest Hotel – 25th September 2013
SLIDE 2 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
SLIDE 3 Business Venture Partners
- Cleantech and renewable energy expertise
- Corporate Finance expertise
- Milestones
- 6x Simple Green EII funds
€7.5m since 2007
€1.8m in 2013
- 2013 -Completing investments in the 6th fund
SLIDE 4 Elliott Griffin Conor Toolan Mark Richardson
MD Director Company Secretary
David Gavagan Stephen Cloonan
Non-Exec. Director Non-Exec. Director
BVP - Team
SLIDE 5 Deal flow Statistics – Last 12 months
Portfolio
Pipeline
Total 8 Investments
2 new, 6 existing
45 Projects (incl. current portfolio)
0% 50% 100%
Renewables Energy Efficiency Waste / Waste to Energy Consumer Products Water Other
26 Projects Evaluated
SLIDE 6 Deal Flow Statistics…
- BVP takes a systematic approach to selecting investee
companies
M&A Candidate Screening
Investment Screening Process
Industry Contacts Investment Executives Investment Committee Due Diligence & Close
Pipeline High Level Screening Low Level Screening Investment
Deal Flow Statistics…
SLIDE 7
Focus on the Export Market – a sample
Company Sector Exports as % Sales Export Focus
Energy Management Software > 75% US Off-Grid Electricity Generation > 90% EU /M.East Energy efficient lighting > 90% EU / US /Asia Water Treatment > 90% UK / EU / US Solar cell manufacturing tech > 90% EU Wind farm maintenance > 50% NI, UK Biogas / AD / Composting > 80% UK Airline Software 100% US & EU
SLIDE 8
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
SLIDE 9
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
SLIDE 10 What are the Main Challenges for our Portfolio Companies
External Internal
Availability of capital Cost of equipment Untested technology Challenges of new technology Challenges of new business models Need to continuously innovate Delivery of scale Lack of financing expertise Lack of proven history
SLIDE 11 We have been active…
Active Investor Style
- Introduction of key Commercial director
Liquidity / Exit Events
- Introduction experienced Entrepreneur to invest / run
company Good Governance
- Continue with Monthly / Quarterly board meetings and
financial information
SLIDE 12
Simple Green BES/EII Funds Fund Performance
Mark Richardson
SLIDE 13 Fund manager dedicated to value creation…
Potential Investee Companies EII Investors Capital
INVEST negotiate DD Close MANAGE monitor board partner
- Bringing together individual investors with high growth opportunities
- 1. Tax relief
- 2. Capital growth
=> Investment returns
SLIDE 14 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
SLIDE 15
Simple Green BES/EII Funds
(01) 657 2900
info@bvp.ie
