Axis NIFTY Bank ETF · NSE:BNKETFAXIS
Axis NIFTY Bank ETF — IEA SEAD Webinar, 22 April 2020
42 slides from Axis NIFTY Bank ETF's conference presentation, Apr 22, 2020
Slide 1: Accelerating energy efficient cooling – How Cooling as a Service is set to revolutionise the cooling industry
Webinar series: Accelerating energy efficient cooling – How Cooling as a Service is set to revolutionise the cooling industry IEA SEAD Webinar, 22 April, 2020 IEA 2019. All rights reserved.
Slide 2: Overview
Overview • Introduction • Vida Rozite and Emily McQualter, Energy Efficiency Division, IEA • How Cooling as a Service is set to revolutionise the cooling industry Thomas Motmans, Basel Agency for Sustainable Energy (BASE) Jim Maguire, Sustainable Development Capital, LLP Peter Hobson, Sustainable De
Slide 3: How to ask questions
How to ask questions Attendee Interface Question box Questions in English
Slide 4: SEAD: Governments working together to save energy
SEAD: Governments working together to save energy Governments working together to save energy, turning knowledge into action, and advancing global markets to encompass energy efficient products Operating Agent 19 collaborating members + partners SEAD is an Initiative under the Clean Energy Ministeri
Slide 5: Covering a wide range of equipment and appliances
Covering a wide range of equipment and appliances….. Cooling Equipment Electronics Refrigeration Lighting
Slide 6: Proposed activities in the near future
Proposed activities in the near future Knowledge exchange portal International collaboration events Webinar series (cooling, digitalization…) Master classes Tools for policy makers
Slide 7: Market Transformation: Servitisation of Cooling Industry
Market Transformation: Servitisation of Cooling Industry
Slide 8: About BASE
About BASE Basel Agency for Sustainable Energy BASE is a Swiss not for profit foundation and a Specialised Partner of UN Environment. BASE develops innovative, actionable financial strategies and market-driven solutions to unlock investment in sustainable energy and to tackle climate change.
Slide 9: Cooling demand is rising dramatically
The Challenge Cooling demand is rising dramatically Cooling demand will triple by 2050, from 10 to 30% of global electricity consumption (= China‘s electricity use today) * *IEA, The Future of Cooling, 2018
Slide 10: Significant investments in cooling systems upcoming
Opportunity Significant investments in cooling systems upcoming Market of 6.9 trillion USD over next 30 years (230 billion USD/year) that could be invested in clean efficient cooling *IEA, The Future of Cooling, 2018
Slide 11: Energy-efficient systems are cheaper over the long term
Opportunity Energy-efficient systems are Life cycle cost (12 years) cheaper over the long term • 90%+ of costs related to operation and maintenance • Large savings potential with short payback periods BUT: • Business and building owners are not investing in more efficient systems! * BASE calculation
Slide 12: Investment decision is sensitive to purchase price
The Challenge Investment decision is sensitive to purchase price Key barriers: • Higher upfront cost of efficient technology (competing against cheap and inefficient tech) • Lack of trust in performance • Prioritisation of investment in core business
Slide 13: The Solution: Cooling as a Service (CaaS)
The Solution Cooling as a Service (CaaS)
Slide 14: Servitisation: mega-trend growing rapidly across industries
CaaS Solution Servitisation: mega-trend growing rapidly across industries Penetration Cars Aircraft Printing engines Lighting Solar PV 0% Implementing Emerging servitisation Scaling servitisation Mature
Slide 15: Endorsed by the Global Innovation Lab for Climate Finance
CaaS Solution Endorsed by the Global Innovation Lab for Climate Finance as one of 2019’s most innovative financial instruments among 250+ applicants • Pay-per-use model • Providers own equipment • CAPEX to OPEX • Aligns incentives for efficient production and efficient consumption • Makes lower life
Slide 16: Differentiation from similar models
Differentiation from similar models Instrument Differentiation from CaaS Energy Service Company (ESCO) : Payments dependent on energy savings. Shared savings and guaranteed savings Instead a CaaS payment is agreed in Energy Performance Contracting advance as a function of actual usage. District cool
Slide 17: Key actors involved
CaaS Solution Key actors involved Clients Technology Providers Banks / Investors
Slide 18: Advantages for customers
CaaS Solution Advantages for customers • No capital expenditure • Reduced operating expenses • Service is off-balance • No more performance risks • Full out-sourcing of cooling service • Customer can focus and invest in core business
Slide 19: Advantages for technology providers
CaaS Solution Advantages for technology providers • Deploy full potential of technology • Increase demand for energy efficient solutions • Predictable and continuous revenue streams • Brining additional value by selling outcome instead of selling equipment and parts
Slide 20: Advantages for banks and investors
CaaS Solution Advantages for banks and investors • Opportunity to place green funding • Become front-runner to finance servitisation models (new trend) • Investing in assets generating cashflows
Slide 21: Funding structure
Cooling as a Service Refresh the planet Funding structure
Slide 22: Possible financial structure: Sale and leaseback
Possible financial structure 1 Sale and leaseback Sale of operating CaaS service Contract 1 equipment Provide EE cooling Customer 1 equipment, EE cooling maintenance, and pay Equipment electricity Payment from sale Technology Financial Provider Contract 2 institution Leaseback of Customer 2 equipmen
Slide 23: Possible financial structure: Special Purpose Vehicle (SPV)
Possible financial structure 2 Special Purpose Vehicle (SPV) CaaS service Provide cooling equipment, Technology Provider maintenance, and pay electricity Contract 1 Equipment Customer 1 Payment service from Payment Sale of contract sale for Contract 2 equipment service Customer 2 Investment Cooling
Slide 24: Partnerships with technology providers, clients, investors, associations, networks
About Partnerships with technology providers, clients, investors, associations, networks Alliance Dominican Republic, Jamaica, Mexico, Argentina, Costa Rica, CaaS contracts, Demos Tools Pricing models, Grenada, Nigeria, South Africa, India financial structures Awareness raising Matchmaking events, M
Slide 25: Financial benefits
Financial benefits Cooling as a Service (CaaS), Lab Instrument Analysis, September 2019
Slide 26: Implementation of CaaS
Implementation of CaaS
Slide 27: CaaS for commercial building by MGM Innova Group in Medellin, Colombia
Case Study CaaS for commercial building by MGM Innova Group in Medellin, Colombia Context: New LEED certified building by Q-Group with 100 offices. Solution: High efficiency 580TR magnetic bearing centrifugal chiller with valves to measure amount of cooling delivered to each user. Investment fully c
Slide 28: Join the alliance and register to the CaaS Newsletter
Alliance Join the alliance and register to the CaaS Newsletter Gathers investors, banks, technology providers, networks and international organisations to: • Implement the model in different sectors and regions. • Spread the word about the model • Build capacity • Register to the CaaS Newsletter
Slide 29: www.caas-initiative.org
Thomas Motmans thomas.motmans@energy-base.org www.caas-initiative.org
Slide 30: Sustainable Development Capital: Introduction
www.sdcl-ib.com introduction to IEA Sead Webinar series: Accelerating energy efficient cooling – How Cooling as a Service is set to Sustainable development capital revolutionise the cooling industry? Developing an Asia Cooling and Efficiency Fund to Reduce Emissions from April 22, 2020 Cooling in a
Slide 31: Overview of the SDCL Group
Overview of the SDCL Group SDCL is based in London with offices in the UK & Europe, North America and Asia. It manages institutional energy efficiency infrastructure funds in collaboration with the governments of the UK, Ireland, Singapore and New York. • Established with government backed Investing
Slide 32: Delivering energy and cooling efficiency through Service Agreements
Delivering energy and cooling efficiency through Service Agreements § Cooling investment set to increase significantly driven by zero carbon targets - companies will be seeking additional sources of funds to meet these needs § Cooling as a Service (CaaS) and Energy Services Agreements (ESA) combined
Slide 33: Project Development and Project Management Process
Project Development and Project Management Process - Concept to Operation Phase Delivery of Service § The Fund as a Single point of responsibility with Risk of Loss, developing and delivering projects § Systematic project development process in partnership with delivery partners § Long term service
Slide 34: Energy and cooling efficiency investment: project risks and mitigants
4 Energy and cooling efficiency investment: project risks and mitigants § SDCL’s experience allows for effective identification and mitigation of potential risks § The Fund to maximize use of financial risk management instruments (insurance, risk sharing, first-loss guarantee) Risk Description Mitig
Slide 35: Summary of value proposition for host clients
Summary of value proposition for host clients 1 2 3 No upfront costs to our clients Risk transferred to SDCL Single point of responsibility Risks SDCL Client Host Investment ü X Service Contract Service Fee Construction ü X Commissioning ü X O&M Contracts Warranties Operational / Performance ü X Mai
Slide 36: SDCL and the Kigali Cooling Efficiency Program – Mobilizing US$100 million
6 SDCL and the Kigali Cooling Efficiency Program (K-CEP) – Mobilizing US$100 million in Capital • The 1987 Montreal Protocol on Substances that Deplete the Ozone Layer successfully reduced the global production, consumption, and emissions of Ozone Depleting Substances (ODS) Montreal Protocol • The M
Slide 37: The World is getting hotter and needs more cooling
7 The World is getting hotter and needs more cooling…Why we’re mobilizing Capital? Temperature Increases Cooling Sales § Global temperatures are rising, possibly by 3oC or more by 2100 § EIU estimates 460 mm new cooling units will be sold annually by § Jakarta’s average July temperature may hit 27.5
Slide 38: SDCL Asia Cooling and Energy Efficiency Fund – The Background
8 SDCL Asia Cooling and Energy Efficiency Fund – The Background § The world is getting hotter – a clear need for investment in cooling efficiency and distributed generation; increased urbanisation means that by 2050 up to 70% of population globally will be living in cities § SDCL Asia Cooling and Ef
Slide 39: The SDCL Grant and the Kigali Cooling Efficiency Program 'Halo'
9 The SDCL Grant and the Kigali Cooling Efficiency Program ‘Halo’ § Donor funds as catalytic capital - eliminates primary obstacle to Cooling/Energy Efficiency in Asia – no CAPEX budget for retrofit projects § SDCL Grant funds Investment Grade Audits (“IGAs”) - evaluate energy consumption, develop b
Slide 40: SDCL Asia Cooling & Energy Efficiency Fund – Preliminary Conclusions
0 SDCL Asia Cooling & Energy Efficiency Fund – Preliminary Conclusions § Cooling and energy efficiency is the most cost-effective way of reducing greenhouse gas emissions and improving energy infrastructure, security and asset resilience. At the same time, it offers enduring cost savings, improved p
Slide 41: For more information on SDCL
For more information on SDCL: www.sdcl-ib.com Speakers: Peter Hobson, Senior Investment Director, Head of Middle East, Europe & North Africa London, England T: +44 (0)20.7287.7700 E: Peter.Hobson@sdcl-ib.com James A Maguire, Partner Hong Kong SAR T: +85 (2)2.985.2349 E: James.Maguire@sdcl-asia.com
Slide 42: How to ask questions
How to ask questions Attendee Interface Question box Questions in English
Axis NIFTY Bank ETF — IEA SEAD Webinar, 22 April 2020 on 6ix