Brief Corporate Overview - Eugenio de · PDF fileBrief Corporate Overview . ... Green Arrow...

Brief Corporate Overview

Strictly private & confidential

1. Who we are

2. Areas of Business

3. Strategic Participations

4. Team Profiles

Agenda

2

A Specialized Renewables Boutique

A specialized Renewables boutique active in EMEA and Americas. Industry pioneers, with over 110 years combined experience, founded this unique company, to grasp the very essence of Renewables. Their values are Innovation, Reliability and Integrity, whereas the Companies’ motto is “Global Expertise with Local Execution”. Formerly, founding members and top managers of a leading European Renewables IPP

The Team is among the most experienced in this field having worked 10 years as developers, constructors and operators of solar and wind parks in Italy, Germany, Denmark, Spain, Poland, Morocco and Mexico. They have managed over 400 MWp of installed capacity, assessed 3.3 GW of assets

Our mission is to bridge the gap between the industry and financial Investors that are keen to enter into this asset class, which can no longer be ignored

The Team has successfully closed over 70 transactions in Renewables in the past 7 years, having successfully raised

equity and debt finance in excess of € 2 billion

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SPAIN

UNITED KINGDOM

ITALY

POLAND

European Coverage “Global Expertise, Local Execution”

Green Arrow Capital has offices in the UK (London), Italy (Rome and Milan), Spain (Madrid), Poland (Warsaw) and also covers the French market through a Partnership with Greensolver, a specialized Renewables Boutique


1. Who we are

2. Areas of Business Principal Finance Promoter & Investment Specialist Advisory


4. Team Profiles

Agenda

5


Areas of Business

ADVISORY

PRINCIPAL FINANCE

PROMOTER &

INVESTMENT SPECIALIST

Development

Proprietary Renewable

Energy Assets

GAC is currently involved in the development of Utility scale solar plants in Poland, Morocco, Chile and Mexico and Grid parity projects in Italy and Spain In particular, GAC is active in emerging Solar PV markets which are embracing Renewables to quickly close the gap between increase in energy consumption and lack of local production capacity. This is a strategic move for those countries where the lack of energy made the development of the local economy difficult


Minibonds are a regulated financial instrument listed on the ExtraMot Pro segment of the Italian Stock Exchange (LSE Group) In May 2014, GAC bought GA11, which owns and operates a 1 MWp Solar PV plant, and financed the entire acquisition by issuing the first Italian “green” Minibond denominated “Green Bond 1 5% 2014-2019”, with ISIN n. IT0005020711, of Euro 3.2 Million

Principal Finance “Assets We Own”

Development Strategy: GAC is currently involved in the development of Utility scale solar and wind farms in Poland, Morocco, Chile and Mexico and Grid parity projects in Italy and Spain


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A safe, ethical, long-dated investment with stable interest payments per annum

Investment is the underwriting of a regulated and listed bond backed by cash-flows from operating Solar PV plants or Renewable Energy assets

Similar to a covered bond, revenues are backed by long term contracts with a government agency for renewable energy

100% operating plants, eliminating all construction and connectivity risk

Bond holders receive stable Interest and Principal payments every year (no back-ended cash flows)

GA11 Investment terms & characteristics

5% interest rate

Payments every 6 months

5 year amortization

Listed on Italian Stock Exchange (ExtraMOT)

Proprietary Renewable Energy assets: “Hard Asset” – backed Bond with Stable Revenues

Source: Green Arrow Capital

Euro

‘000

*

Asset Cash Flow Distribution Profile


Promoter & Investment Specialist “Clean Energy Funds”

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Green Arrow Capital has strategically decided to become an Asset Management Company specialized in launching and managing Renewable Energy Funds

In order to pursue this scope, GAC has chosen a flexible and economically savvy approach by initially “renting” a compartment of a Luxembourg SICAV-SIF managed by an FCA regulated firm

GAC is the Promoter and Investment Specialist of the Fund, denominated “Radiant Clean Energy Fund” and offers investors a unique opportunity to invest in existing infrastructure under the form of operating Solar PV plants in Europe

Radiant is the first of a “family” of tailor-made investment funds that GAC is looking to provide to Institutional Investors across the World, who’s appetite for “Hard Asset” backed investments is increasing very rapidly

With Radiant’s success, which has already invested €5m and has soft commitments for further €60m from some of Italy’s largest Institutional’s, Green Arrow Capital will look to become a regulated Management Company with proprietary Funds


Advisory “Clients We Serve”

The Team, Advisory Board and Partners have longstanding experience in the various renewable energy sub-sectors, having advised, developed, structured, acquired, financed, built, operated, managed and sold renewable projects in several European countries, with a cumulated experience of over 100 years.

Services offered across all Renewable sources include: Strategic Asset Allocation Deal Structuring & Sourcing Sell-side & Buy-side Mandates Dynamic Portfolio Management Specialist Technical Support

GA is a member of the “Equity Markets” selected by Borsa Italiana (London Stock Exchange Group) and has

successfully structured the financing for the first Italian “green” Minibond denominated “Green Bond 1 5% 2014-2019”, with ISIN n. IT0005020711

Green Advisory has received mandates from Primary Institutional Investors, such as Pirelli, Sumitomo Corp, Starwood and SunEdison


1. Who we are



4. Team Profiles

Agenda

12

Green Arrow Capital is one of the founders of Solar Dealing, the first Italian Marketplace dedicated to Renewable Energy Assets. The other co-founders are Kenergia, one of the leading O&M service providers in Italy, and Althesis, the leading Strategic Energy Consulting firm in Italy

Solar Dealing is an Origination platform that allows the progressive standardization of qualified opportunities, by giving support and strict guidelines in the selection process of the Assets to put on Sale. Whereas, the Buyers have a suite of tools and user friendly filtering criteria to facilitate both the research, comparison and analysis of potential targetable Assets, such as: Technical Due Diligence Solar Energy Assessment Contractual Arrangements (e.g. EPC contracts, O&M

contracts, SPAs, PPAs, turbine and solar modules supply, development frameworks)

Debt Financing (corporate, project financing, leasing)


Strategic Participations


1. Who we are



4. Team Profiles

Agenda

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Strictly private & confidential 15

Management Team

Name Relevant Experience Years experience

Samir Sayeed

Chairman of Green Arrow Capital. Mr. Sayeed was in Senior Management at JP Morgan, Citi and Kuwait Investment Authority, across Europe, Middle East and Asia

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Stefano Russo

Partner and Chairman of the Investment Committee. Former CEO of Renaissance Institutional Management. Managing Director for Europe and Middle East of Morgan Stanley Investment Management. Mr. Russo sits on the Board of Directors of Kairos Partners, Fabrica Immobiliare, and Clessidra Capital Partners. He also devotes time to Graduate Education as a member of the Executive Board of New York University

35

Eugenio de Blasio

Founder and Managing Partner of Green Arrow Capital. Board Member of Assorinnovabili. Former Co-Founder, Deputy CEO of Greentech Energy Systems A/S listed on Nasdaq OMX, CEO of GWM Renewable Energy SpA (participated by Intesa SanPaolo and Pirelli)

20

Daniele Camponeschi

Founder & Partner of Green Arrow Capital. Board Member of Polish Solar. Former co-founder and Chief Investment Officer of Greentech Energy Systems and Managing Director of GWM Renewable Energy Spain. Former Deputy Managing Director of Mediterranean Development Merchant Bank

16

Alessandro Di Michele

Partner & CFO of Green Arrow Capital. Mr. Di Michele was Executive Director with the London Stock Exchange Group, CFO and Board member of all the Italian subsidiaries. Recently he has been Chairman of GlobeSettle

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Strictly private & confidential 16

Advisory Board

Name Relevant Experience Years experience

Giovanmatteo Lucifero

Vice President of Polish Solar Ltd. Founder of Lucifero & Partners and Senior Partner at TFT Real Estate- specialized in renewable energy and real estate investments. Owner of Poggi Alti Resort, he also represents main investors in Italian PV market. Previously Senior Manager of large investment companies and governmental institutions (Sviluppo Italia).

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Alexis de Dietrich

Mr de Dietrich currently manages a family office in London; prior to this he was with Palamon Capital Partners, a private equity fund focused on the European mid-market. He previously worked in Investment Banking with Merrill Lynch and Société Générale

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Stefano

Sagripanti

Former associate partner of KPMG Advisory. Mr Sagripanti is specialized in Risk Management for Institutional Investors. His main focus was Financial and Operational risk management. Developing a wide range of risk governance frameworks and related risk measurement models for financial institutions, insurance and wealth management companies

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Francesco Maria

Giovannini

Mr. Giovannini is a professional investor leading his family Investment Holding. Founded the start-up of a Joint-Venture, participated by a Swiss-Indian Merchant Bank and an Italian Private Equity firm. Member of various BoD and International Forums

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Christian Pelanconi

Executive Director EMEA and Latin America, SunGard. Mr Pelanconi has worked in the technology space since 1999 and has a keen personal interest in renewables. In SunGard, one of the world’s leading software and technology services companies with revenues of $4.1bn, he is responsible for emerging markets in Middle East, Africa and Latin America. Mr Pelanconi was part of the management team that privatized SunGard in August 2005, an $11.5bn transaction involving 7 major private equity companies

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Green Arrow Capital Ltd (GAC) provides its clients access to a broad array of products and services. This material is confidential and can not to be reproduced or circulated without the prior written consent of GAC. The manner of circulation

and distribution may be restricted by law or regulation in certain countries. Persons who come into possession of this document are required to inform themselves of, and to observe such restrictions. Any unauthorized use, duplication, or disclosure of this document is prohibited by law and may result in prosecution.

This document is intended for information purposes only. Nothing herein constitutes an offer to sell, or solicitation of an offer to purchase, any

securities, nor does it constitute an endorsement with respect to any investment area or vehicle. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. GAC, its affiliates, and its employees are not in the business of providing tax or legal advice. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any taxpayer for the purpose of avoiding tax penalties. Tax-related statements, if any, may have been written in connection with the ‘promotion or marketing’ of the transaction(s) or matter(s) addressed by these materials, to the extend allowed by applicable law. Any such taxpayer should seek advice based on taxpayer’s particular circumstances from an independent tax advisor.

All information contained here is current only as of the earlier of the date hereof and the date on which it is delivered by GAC to the

intended recipient, or such other date indicated with respect to specific information, and GAC assumes no obligation or responsibility for the accuracy of the information after such date. GAC has no obligations or responsibility to update or supplement any of the information contained herein.

Some information contained herein has been obtained from third-party sources, including those specifically referenced, and such information

has not been independently verified by GAC. No representation, warranty, or undertaking, expressed or implied, is given as to the accuracy or completeness of such information by GAC or any other person; no reliance may be placed for any purpose on such information, and no liability is accepted by any person for the accuracy and completeness of such information.

Opinions expressed in this document may include those of GAC Ltd, GAC Affiliates, or non-affiliated third parties. In addition, your relationship team may highlight topics that are specific to your objectives. These opinions may differ from the opinions by other businesses or affiliates of GAC; they are not intended to be a forecast of future events, a guarantee of future results or investment advice and are subject to change based on market and other conditions. In any event, past performance is no guarantee of future results, and future results may not meet our expectations due to variety of economic, market and other factors. Further, any projections of potential risk or return are illustrative and should not be taken as limitations as to the maximum possible loss or gain.


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