Icg Enterprise Trust Plc Gbp · LSE:ICGT
Icg Enterprise Trust Plc Gbp — ICG Enterprise Trust — Q1 2022 Earnings Presentation
12 slides from Icg Enterprise Trust Plc Gbp's earnings presentation, Jun 21, 2021
Slide 1: Q1 results to 30 April 2021
Q1 results to 30 April 2021 Highest ever quarter of realisation proceeds; twelve full exits executed at 42% uplift to carrying value Note: All data as at 30 April 2021 unless specified
Slide 2: Quarter in review
2 Quarter in review Solid performance Excellent period Exciting investment pipeline across Portfolio of realisations NAV per share of 1,402.0p, total £100m realisation proceeds Anticipating a very strong year of return of 1.6% received in the quarter deployment for our High Conviction Investme
Slide 3: ICG Enterprise Trust
3 ICG Enterprise Trust Investing in private companies to generate long-term returns 40 years generating value for shareholders Track record of long-term value creation Incorporated in June 1981 Last 12 Last 3 Last 5 Q1 ‘22 months2 years3 years4 FTSE 250-listed company: daily liquidity NAV per sh
Slide 4: Creating value for our shareholders
4 Creating value for our shareholders Significant shareholder value added since ICG became Manager1 Historical NAV growth 1,400 12% 1,300 10% 8% 1,200 6% 1,100 4% 1,000 2% 0% 900 -2% 800 -4% 700 -6% Jul-16 Jul-17 Jul-18 Jul-19 Jul-20 Jan-21 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Apr-16 Oct-16 Apr-17 Oct
Slide 5: Actively managed Portfolio
5 Actively managed Portfolio Delivering attractive risk-adjusted returns High Conviction Investments Third party direct and Third Party Funds ICG Investments secondary investments ICG invests with third party managers who ICG selects underlying companies select underlying companies 10 of Top 30 comp
Slide 6: ESG
6 ESG Integrated in all we do Long-standing area of focus for ICG - ESG considerations embedded across business - Led by Eimear Palmer, Responsible Investing Officer Integrated within ICG Enterprise Trust investment and monitoring process - Detailed and active due diligence on all High Convictio
Slide 7: Focus on our largest investments
7 Focus on our largest 10 investments Managing diversification and exposure Largest 10 investments represent 30% of Portfolio value Broad diversification across sector, vintage and geography 9 of the largest 10 investments are High Conviction Investments Rank 1 2 3 4 5 6 7 8 9 10 % Portfolio 8
Slide 8: Exceptional quarter for realisations
8 Exceptional quarter for realisations Proceeds received totalling £100m Historical realisation activity (£m) Key realisations in the quarter 217 153 141 137 100 85 FY17 FY18 FY19 FY20 FY21 Q1 '22 Twelve full exits executed at average 42% uplift to carrying value; five year historical average of 35%
Slide 9: Investment activity
9 Investment activity Executing on high quality pipeline of investment opportunities Investment activity (£m) New direct investments made in the quarter1 79 98 82 90 New Third Party Fund commitments made in the quarter 79 60 61 49 12 20 FY18 FY19 FY20 FY21 Q1 '22 High Conviction Investments Third Pa
Slide 10: Our Portfolio today
10 Our Portfolio today Strategically positioned for defensive growth Optimising exposure of Top 30 companies as % of Portfolio value1 Listed private equity peers 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Reducing alpha Increasing single-asset risk Balanced geographical exposure Resilient sector ex
Slide 11: Outlook
11 Outlook Differentiated approach to deliver significant value over long term Well placed for Differentiated approach Consistent, sustainable returns continued growth Active approach to portfolio NAV total return of 1.6% for the High calibre, dedicated investment construction and management q
Slide 12: Legal notice
12 Legal notice What this document is for This document has been prepared by ICG Alternative Investment Limited (“ICG AIL”) as manager of ICG Enterprise Trust plc (“ICG Enterprise”). The information and any views contained in this document are provided for general information only. It is not intende