Impax Asset Management Group plc · LSE:IPX

Impax Asset Management — SEEDA Conference 2004

14 slides from Impax Asset Management's conference presentation, Feb 26, 2004

  1. Slide 1: Equity Finance in the Environmental Technology Sector

    I M P A X Equity Finance in the Environmental Technology Sector Presentation at: SEEDA Conference 26th February, 2004 Marion Bernard Impax Asset Management Ltd

  2. Slide 2: Agenda

    I M P A X Agenda • Introduction to Impax • Equity Finance • The Recycling Fund

  3. Slide 3: Impax: Introduction

    I M P A X Impax: Introduction • Finance house dedicated to the environmental sector • 9 year track record in advising and investing in the sector • 2 core business activities: • Corporate Finance – M&A, debt & equity fund raising • Asset Management – listed and unlisted investments

  4. Slide 4: Impax Capital: Corporate Finance

    I M P A X Impax Capital: Corporate Finance • Specialist financial adviser to the Shanks Waste sector and in financing renewable Shell Renewables Services Limited energy generation and waste EPR Ely Ltd. Adviser to Shanks Waste Adviser to Shell Renewables on £ 60 million bioenergy investment Services

  5. Slide 5: Impax Asset Management: Fund Management

    I M P A X Impax Asset Management: Fund Management • £34 million investment trust I M P A X - Representing 30+ UK institutions Impax Environmental Markets plc - Currently investing in quoted environmental technology stocks • £15 million under advice - Alm. Brand Invest (Denmark) - ASN Bank (Netherlan

  6. Slide 6: Agenda

    I M P A X Agenda • Introduction to Impax • Equity Finance • The Recycling Fund

  7. Slide 7: Equity Finance: What is it?

    I M P A X Equity Finance: What is it? An equity investment provides.. • solid, flexible capital that allows companies to start up / expand • long term funding that is typically committed until the business is sold • practical advice, expertise and credibility .. and is a high risk investment • unsec

  8. Slide 8: Equity Finance: What are investors looking for?

    I M P A X Equity Finance: What are investors looking for? An equity investor is looking for.. • committed management with an established track record or relevant industry experience • a coherent strategy • a clear market opportunity with growth potential • a business with a sustainable competitive a

  9. Slide 9: Equity Finance: Barriers and Rationale for The Recycling Fund

    I M P A X Equity Finance: Barriers and Rationale for The Recycling Fund Mainstream equity investors seeking….. • Critical mass of success stories • Established companies with history • Proven technologies A small, nimble equity fund will offer: • Clarity on inputs and end markets • Access to capital

  10. Slide 10: Agenda

    I M P A X Agenda • Introduction to Impax • Equity Finance • The Recycling Fund

  11. Slide 11: The Recycling Fund: Basics

    I M P A X The Recycling Fund: Basics • £5.5m “pilot equity fund” • SME’s – focus start-up & early stage • Equity not grants • Strong, commercial deals • Pre-cursor to bigger fund?

  12. Slide 12: The Recycling Fund: Detail

    I M P A X The Recycling Fund: Detail • Geography: UK • Investment size: €0.5m - €1m • Materials: Paper, glass, wood, • Co-investment: Welcome but plastics, aggregates, not mandatory compostables • Instruments: Equity (ords, • Activity: Sorting, processing, prefs) reprocessing, product manufacture •

  13. Slide 13: The Recycling Fund: Benefits to Investee Companies

    I M P A X The Recycling Fund: Benefits to Investee Companies Financial • Access up to €1m funding each • Can unlock additional co-finance • “Patient” and no minimum IRR • Retirement on exit! Non-Financial • Strategic advice (e.g. non-exec) • Identification of personnel • Raising subsequent debt / eq

  14. Slide 14: and finally…

    I M P A X and finally… Marion Bernard 020 7434 1122 M.Bernard@Impax.co.uk www.impax.co.uk www.recyclingfund.com

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