Icg Enterprise Trust Plc Gbp · LSE:ICGT
Icg Enterprise Trust Plc Gbp — ICG Enterprise Trust — FY2022 Earnings Presentation
16 slides from Icg Enterprise Trust Plc Gbp's earnings presentation, May 18, 2022
Slide 1: Defensive growth; long-term value
iCG ENTERPRISE TRUST Defensive growth; long-term value RESULTS FOR THE TWELVE MONTHS TO 31 JANUARY 2022 18 MAY 2022 Note: All data as at 31 January 2022 unless specified
Slide 2: Overview
Overview Strategic Performance oooo0o aa Shareholders iCG ENTERPRISE TRUST Clear focus on buyouts in developed markets of businesses with strong defensive growth characteristics Continued focus on expanding High Conviction Investments through both co-investments and Secondaries: 61.1% of FY22 Total
Slide 3: FY22 in review
FY22 in review iCG VALUE TO SHAREHOLDERS BALANCE SHEET NAV per Share Dividend 1,690p 22% “7 +22% 9 _ £208 Total Liquidity FY21 FY22 FY21 FY22 NEW INVESTMENTS REALISATION ACTIVITY Total New Investments High Conviction Realisation Proceeds Uplift to Carrying Value’ as a % of Total New Investments From
Slide 4: Extending our track record of delivering for shareholders
Extending our track record of delivering eee for shareholders +16.4% +23.9% High Conviction NAV per Share Investments Total Return e e , 1,400 e e ° e ° 1,200 e ; e 4 _ _@ » © ee ° e 7,000 e 800 e (5%) Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Jan-22 NAV per share (p) @Q-o-Q NAV per Share Total Return (RHS
Slide 5: Strong realisations, capitalising on market conditions
Strong realisations, capitalising on market conditions HISTORICAL REALISATION PROCEEDS iCG ENTERPRISE TRUST SELECTED REALISATIONS 9 MONTHS TO 31 OCTOBER £334m Cognito iQ TMT = Peitee £153m Consumer goods £137m and services 9 supportin; ae education Education FYI8 FYI9 FY21 FY22 wTelos UPLIFTS TO CAR
Slide 6: Substantial new investments, weighted towards High Conviction
Substantial new investments, weighted towards High Conviction NEW INVESTMENTS £142m £60m £82m FY18 £158m FY19 @ Third Party Funds £159m FY20 £139m £90m FY21 High Conviction Investments £304m £118m FY22 iCG ENTERPRISE TRUST PRIVATE AND CONFIDENTIAL
Slide 7: Deep relationship with managers generates differentiated opportunities
Deep relationship with managers generates iCG ENTERPRISE TRUST differentiated opportunities RELATIONSHIPS WITH LEADING MANAGERS ch at A gin ine] New Moownan Cantu US H&F * 'GIPARTNERS*! ' 1 Le a = BainCapital GRIDIRON | LEEDS |Equity Partners [rea] Thomas H.Lee Partners! mt Lie ust ---------4 Europe
Slide 8: Direct investment in focus
Direct investment in focus Digicert ~£7M Odigicert TOTAL INVESTMENT (FY22) Investment made alongside ICG Strategic Equity IV (a Conneeton (= | <—_=3—_ \ os / digicert coe / DigiCert is a global internet security software platform. It secures more than 26 billion web connections every day, protecting
Slide 9: Secondary investment in focus
Secondary investment in focus ICG Ludgate Hill | ~£32M Transparency TOTAL INVESTMENT (FY22) Secondary investment alongside our manager, ICG Diversified by fund! Diversified \ cs portfolio Ss. % = 90+ = Underlying funds ag Ca ae Lavi iquidity “Gane® Diversified by sector? ES - Es Track record = Healt
Slide 10: Portfolio: actively constructed for defensive growth
Portfolio: actively constructed for defensive growth DIVERSIFIED PORTFOLIO % of Portfolio value BALANCED GEOGRAPHICAL EXPOSURE = North America = Europe = UK and Other } Totals may not sum due to rounding PETSMART [muri | Ori yYupo ‘LHS RESILIENT SECTOR EXPOSURE O % PORTFOLIO VALUE! 5% 3% 3% 2% 2% (D
Slide 11: Defensive growth in focus
Defensive growth in focus Endeavor Schools ENDEAVOR scHOOLS ~£8M TOTAL INVESTMENT (FY19) Direct investment originated and managed by third-party manager Leeds Equity Scale platform —- Resilient Growth levers Endeavor Schools is a leading provider of private education in the US, spanning pre- school
Slide 12: Invested in companies with defensive growth characteristics
Invested in companies with defensive ICG. growth characteristics EXAMPLES FROM TOP 30 COMPANIES Dominant market position Ability to Pass on price High margins increases ™ AMS. : W teal RIGHTSOURCE ODavies , Gow Dawid Coyd . a —ciuss— Ivantli (DOC y C Crucial Learning Odigicert’ - "/@LHS | MINIMAX: |
Slide 13: Consistent long-term financial performance of top companies
Consistent long-term financial performance ooo of Top 30 companies EBITDA GROWTH 60% Top 30 EBITDA Growth | FTSEAIl Share EBITDA Growth 52% 50% 40% 36% 33% 30% 30% 20% 5 7% 16% 17% 13% hoy, «14% 13% 14% lox 1 12% 10% 10% ; e% °% . I 1 | > | 0% l | = ~ -10% -6% 14% -9% -20% 14% -19% -30% -30% -40% FY
Slide 14: Defensive growth; long-term value
Defensive growth; long-term value iCG ... PROVEN MODEL DELIVERING CONSISTENT RETURNS Dedicated team to actively Unitewoaeacss tio KEG alletttanm et Focused on defensive growth manage portfolio POSITIONED FOR GROWTH IN DYNAMIC MARKETS * Private equity has along track record of outperforming public eq
Slide 15: Q&A
iCG ENTERPRISE TRUST Q&A
Slide 16: Legal notice
Legal notice iCG |. 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 int