Saturna Growth Fund - Z Shares · NASDAQ:SGZFX

Saturna Growth Fund - Z Shares — Saturna Capital — Saturna Sustainable Webinar (August 2021)

20 slides from Saturna Growth Fund - Z Shares's conference presentation, Aug 11, 2021

  1. Slide 1: Heating Up: The Rush to Bring Renewables Online

    Heating Up: The Rush to Bring Renewables Online © 2021 Saturna Capital Corporation

  2. Slide 2: Welcome

    WELCOME! Levi Stewart Zurbrugg MBA, CPA® Craig Churman MBA AIF® Senior Investment Analyst Vice President, Product and Portfolio Manager Development and Director Saturna Capital Saturna Capital © 2021 Saturna Capital Corporation 2

  3. Slide 3: Clear trend: CO2 up, temperature up

    Clear trend: CO2 up, temperature up Global temperature and C02 concentrations 430 1 Temperature anomaly from 1961-1990 C02 concentration in parts per million 410 0.8 390 0.6 370 0.4 average 350 0.2 330 0 310 -0.2 290 -0.4 270 -0.6 250 -0.8 50 64 83 94 10 23 35 44 54 62 70 78 86 94 02 10 18 18 18 18

  4. Slide 4: No one out-emits the US consumer

    No one out-emits the US consumer GHG Emissions per Capita 20.00 Source: US Energy Information Agency 18.00 16.00 United States, 15.03 GHG Emissions/Capita 14.00 12.00 10.00 8.00 Europe, 6.89 6.00 China, 6.84 4.00 Non-OECD Americas, 2.08 Asia (excl. China), 1.75 2.00 India, 1.71 0.00 Africa, 0.98 00

  5. Slide 5: China's fossil-fueled economic boom

    China’s fossil-fueled economic boom GHG Emissions from Fuel Combustion (% change from 2000) 10,000 China, 205% 9,000 GHG Emissions (million tons C02) 8,000 7,000 6,000 Europe, -11% 5,000 US, -14% 4,000 India, 159% 3,000 Asia (excl. China 2,000 and India), 88% 1,000 Africa, 88% Source: US Energy Info

  6. Slide 6: Why electrification gets so much interest

    Why electrification Global GHG Emissions by Source gets so much 12% interest 18% 30% Electricity/Heat Manufacturing/Construction/Industrial 6% Transportation 18% Construction 16% Agriculture & Land Use Other Source: 2018 World Resources Institute 6

  7. Slide 7: Electrification of Transportation

    Electrification of Transportation Electricity share of total energy consumption Oil Demand in Million Barrels per day 60% 120 50% 100 40% 80 30% 60 20% 40 10% 20 0% 0 00 03 06 09 12 15 18 35 50 00 03 06 09 12 15 18 35 50 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 History Net Zero (95% red

  8. Slide 8: Growth in electricity to be met with renewables

    Growth in electricity to be met with renewables 25 100% Oil Unabated natural gas 20 80% Unabated coal Fossil fuels with CCUS Thousand TWh Hydrogen-based 15 60% Nuclear Other renewables 10 40% Hydropower Wind Solar PV 5 20% 0 2010 2020 2030 2040 2050 2020 2030 2050 Source: International Energy Agency

  9. Slide 9: Why Now? Price

    Why Now? Price Historical Mean Unsubsidized LCOE 400 Source: Lazard 359 300 Mean LCOE ($/MWH) 248 200 157 155 163 148 151 123 125 117 117 135 107 105 104 112 124 95 96 100 111 111 111 102 105 112 79 108 102 102 102 109 112 83 83 64 55 82 75 72 74 70 74 50 43 71 40 59 65 55 63 60 58 56 59 37 47 45 42

  10. Slide 10: Why Now? Policy

    Why Now? Policy Number of nations with net zero pledges and share of global CO2 emissions covered 50 100% 100% 45 Share of C02 emissions covered 40 80% Countries with pledges 35 30 60% 25 20 40% 15 10 20% 5 0 0% 15 16 17 18 19 20 Q1 1 2 20 20 20 20 20 20 20 In law Proposed In policy documents Global

  11. Slide 11: Transition to net zero emissions is net positive for global workforce

    Transition to net zero emissions is net positive for global workforce Workforce growth vs. investment growth 60 Bioenergy 50 Electricity 40 Coal Million jobs 30 Oil and gas 20 10 2019 2030 Positions by occupation and skill level in net zero emissions Occupation Professional 38% Construction 23% Manu

  12. Slide 12: Renewables - scale of their own

    Renewables - scale of their own Global Average Annual Investment by Technology Electricity Generation 2016-20 $327 Fossil fuels without CCUS 2021-30 $1,003 Fossil fuels with CCUS 2031-40 $1,129 Nuclear Renewables 2041-50 $832 Battery storage 0 200 400 600 800 1000 1200 1400 1600 Infrastructure 2016-

  13. Slide 13: Renewable Investments in the US

    Renewable Investments in the US US Renewable Electric Power Capacity (GW) Solar Photovoltaic, Additional capital invested in US for net zero pathway from 350 351.26 2021-2030 (in $ billions) 300 Electricity, $830 250 Wind, 217.02 200 150 100 Hydropower, 79.32 50 Offshore Wind, 23.38 0 Solar, 380 Win

  14. Slide 14: Forecasts continually adjusted up: US solar PV

    Forecasts continually adjusted up US solar pv forecast 350.00 2021 Forecast 300.00 2020 Forecast 250.00 2019 Forecast 200.00 2018 Forecast 150.00 2017 Forecast 100.00 50.00 0.00 15 30 35 20 40 45 50 25 20 20 20 20 20 20 20 20 © 2020 Saturna Capital Corp. • Investment Professional Use Only • Not For

  15. Slide 15: Forecasts continually adjusted up: US wind

    Forecasts continually adjusted up US wind forecast 225.00 2021 Wind 200.00 2020 Wind GW 175.00 2017 Wind GW 150.00 2019 Wind GW 125.00 2018 Wind GW 100.00 75.00 50.00 25.00 0.00 30 35 40 45 50 25 15 20 20 20 20 20 20 20 20 20 © 2020 Saturna Capital Corp. • Investment Professional Use Only • Not For

  16. Slide 16: Forecasts continually adjusted up: US offshore wind

    Forecasts continually adjusted up US offshore wind forecast 40.00 35.00 2030 US Administration offshore wind target 30.00 25.00 2021 Forecast 20.00 2020 Forecast 15.00 10.00 5.00 2019 Forecast 2018 Forecast 0.00 2017 Forecast 15 20 25 30 35 40 45 50 20 20 20 20 20 20 20 20 © 2020 Saturna Capital Cor

  17. Slide 17: Building out the grid

    Building out the grid Grid expansion and replacements 7 Additional capital invested in US grid for net zero pathway from 2021-2030 (in $ billions) 6 Electricity networks, $530 5 Million km 4 3 2 CO2 Transportation, 1 130 0 CO2 Storage, 10 20 6- 30 1- 40 1- 50 1- Electricity 1 2 3 4 EV 20 20 20 20 El

  18. Slide 18: Key Takeaways

    Key Takeaways • Global investment in renewables and grid rises from ~$600 billion annually over previous five years to ~$1.5 trillion annually over next decade • Capital investment in energy rises from 2.5% of global GDP to 4.5% by 2030 • Global GDP in 2030 expected to be 4% higher in 2030 • CO2 emis

  19. Slide 19: Disclosures

    DISCLOSURES Please consider an investment’s objectives, risks, charges, and Investing involves risk, including possible loss of principal. expenses carefully before investing. To obtain this and other Sustainable investing strategies generally limit the securities they important information about th

  20. Slide 20: Saturna Capital Contact Information

    Saturna Capital Contact Information: Saturna Capital 1300 North State St. Bellingham, WA 98225 Toll-free: 800-728-8762 Local: 360-594-9900 Craig Churman MBA AIF® Gus Grefthen www.saturna.com cpc@saturna.com gog@saturna.com © 2021 Saturna Capital Corporation 20

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