GCP Asset Backed Income Fund Ltd. · LSE:GABI
GCP Asset Backed Income Fund — Investor Day (2025)
8 slides from GCP Asset Backed Income Fund's investor day presentation, Mar 5, 2025
Slide 1: Private Credit Outlook
PRIVATE CREDIT OUTLOOK Gravis
Slide 2: Presenter
PRESENTER GCP INFRA Albane Poulin Head of Private Credit Albane oversees activities in private credit across existing funds GCP Infrastructure Investments and GCP Asset Backed Income, as well as leading new strategies in this asset class. Albane joins from abrdn where she was Head of European Privat
Slide 3: Why Infrastructure Is an Ideal Private Credit Exposure
WHY INFRASTRUCTURE IS AN IDEAL PRIVATE CREDIT EXPOSURE ey — of 7 * Resilient through * Early stage of rate- * Credit quality * Supportive economic cycle cutting cycle is improving Government policy * Growing confidence + Attractive income * Capital preservation * Growing demand for return sustainabl
Slide 4: Proven Track Record of Generating High Returns Since 2011
PROVEN TRACK RECORD OF GENERATING HIGH RETURNS SINCE 2011 Securing attractive risk-adjusted returns and illiquidity premia. 13.00% ® Gravis loan eo. . Coupon rates between — Bloomberg Sterling BBB corporates ° 6% and 12% Bloomberg Sterling High Yield ° ° t 11.00% 5yr Gilt . s 2 > 2 9.00% 3 3 £ ® £ 7
Slide 5: Assessing a Private Credit Fund Manager
ASSESSING A PRIVATE CREDIT FUND MANAGER Criteria to consider when assessing a private credit fund manager Strong track-record across each step of the lending process Gravis KPIs Strong origination capabilities: highly proficient and experienced team with a history 21direct investment of successfully
Slide 6: The Path to Net Zero — Current Commitments and Targets
THE PATH TO NET ZERO — THE CURRENT COMMITMENTS AND TARGETS 2024 2030 2050 Paris aligned UK’s 6 carbon budget 68% reduction (vs. 1990) by 2030 2033 - 2037 Banger mae Net Zero 78% reduction by 2035, (Legally Binding) 58 GW renewable* 135 GW renewables** Electricity 15GW offshore, 16GW __ 5IGW offshore
Slide 7: Decarbonisation Provides Opportunities to Finance New Projects
DECARBONISATION PROVIDES OPPORTUNITIES TO FINANCE NEW PROJECTS IN A SUPPORTIVE ENVIRONMENT Elec ity demand to double by 2050 Electricity Production by 2050 + Electrification of heat and transport Installed Capacity (GW) + Hydrogen production + Digitalisation 250 200 Interconnector 14GW + More renewa
Slide 8: Sample Opportunities Within Broader Private Credit Space
SAMPLE OPPORTUNITIES WITHIN BROADER PRIVATE CREDIT SPACE sector [Country |Whywe like it Digitalisation Decentralisation | Deglobalisation No drilling risk, long-term offtake SZ SY SY Geothermal Netherlands agreement already in place Fixed and variable rent with ZY VY Glasshouses Sweden grower/tenant