GCP Asset Backed Income Fund Ltd. · LSE:GABI
GCP Asset Backed Income Fund — GCP Infrastructure Investments — Investor Day (2025)
6 slides from GCP Asset Backed Income Fund's investor day presentation, Mar 5, 2025
Slide 1: Asset Case Study: Rooftop Solar
ASSET CASE STUDY: ROOFTOP SOLAR Gravis
Slide 2: Presenter
PRESENTER GCP INFRA Bianca McMillan Associate Director Bianca is an associate director at Gravis focused on the Net Zero strategy and supporting GCP Infrastructure Investments Ltd. She joined from ENGIE where she was part of the Acquisitions, Investment and Financial Advisory team focused on energy
Slide 3: Rooftop Solar Portfolio - Introduction
ROOFTOP SOLAR PORTFOLIO - INTRODUCTION + GCP Infrastructure Investments became the first significant backer of domestic rooftop solar projects in the UK through its loan to A Shade Greener (“ASG”). + Between 2011 and 2015, GCPIIL made a series of senior loans to fund a portfolio of c. 50,000 UK-base
Slide 4: Characteristics
ROOFTOP SOLAR PORTFOLIO - CHARACTERISTICS 2.5 & 2.0 g é 215 cs o a ° 2 10 & ° a 2 05 a v £ Cc SPR a eee tte eee (0.5) SV. SP gh GO GON 5h GP AD Dr HP cM OP CP A GP oP oD Br oh oP oP of Fe PP ee PP PAPA PAP PAP” PP PP” PP ™ Feed-in-Tariff - Generation Revenue OFeed-in-Tariff - Export Revenue Insuranc
Slide 5: UK Solar Capacity
ROOFTOP SOLAR PORTFOLIO - UK SOLAR CAPACITY 12,000 10,000 8,000 6,000 4,000 2,000 | ar | 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Installed Capacity (MW) Source(s): Digest of UK Energy Statistics (DUKES) produced by the Department for Energy Security & Net Zero (DESNZ); Published
Slide 6: Refinance
ROOFTOP SOLAR PORTFOLIO — REFINANCE Initial Investment Investment Date: October 2011 Seniority: Senior age + . Up to £15m Initial Commitment: (up to 1,500 domestic installations) Rate: 9.20% Repayment Date: Jan 2036 Refinancing Date: Apr 2016 Nov 2017 Seniority: Subordinated Subordinated Initial Com