Sustainability Investments

Size: px

Start display at page:

Download "Sustainability Investments"

Patricia Bates
5 years ago
Views:

1 Sustainability Inestments since 1999 Murphy&Spitz Sustainalbility funds London, September 2010

2 Disclaimer This presentation is being presented solely for informational purposes and should not be treated as inestment adice. No specific inestment objecties, financial situation or particular needs of any recipient hae been taken into consideration in connection with the preparation of this presentation. In addition, no representation or warranty, expressly or implied, is or will be made in relation to, and no responsibility is or will be accepted by Murphy&Spitz (MS) as to the accuracy or completeness of the information contained in this presentation and nothing in this presentation shall be deemed to constitute such a representation or warranty or to constitute a recommendation to any person to acquire any securities. MS and their respectie affiliates, agents, directors, partners and employees accept no liability whatsoeer for any loss or damage howsoeer arising from any use of this presentation or its contents or otherwise arising in connection therewith. A significant portion of the information contained in this presentation, including all market data and trend information is based on estimates or expectations of MS or other named sources and there can be no assurance that these estimates or expectations are or will proe to be accurate. This presentation does not constitute or contain an offer or initation for the sale or subscription of any securities of MS and neither this presentation nor anything contained herein shall form the basis of, or be relied upon in connection with, any contract or commitment whatsoeer. Any opinions expressed in this presentation are subject to change without notice and MS is under no obligation to update or keep current the information contained herein. In addition, institutions mentioned in this presentation, their affiliates, agents, directors, partners and employees may make purchases and/or sales as principal or agent or may act as market maker or proide inestment banking or other serices. This presentation has been presented to you solely for your information and must not be copied, reproduced, distributed or passed (in whole or in part) to any other person at any time. This presentation is not an offer for sale of securities. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. MS does not intend to register any position of the offering in the United States or to conduct any public offering of securities in the United States. 2 on 34

3 Sustainability Inestments since 1999 I. Murphy&Spitz II. III. Inestment Philosophy Sustainability Funds 3 of 34

4 Murphy&Spitz Since 1999 inesting in sustainable companies Management of UAD Germany, inesting in listed and non/listed companies, Ø performance % p.a. since inception 1999 (closed since Sept 2008) Management of M&S Sustainability Fund World, inesting globally in market leaders: performance +0.21% in 2008 Management of Murphy&Spitz Green Capital AG, giing priate equity for renewable energies and renewable raw materials Management of Murphy&Spitz Green Energy AG, independent renewable power producer Management of closed ended PV and wind funds (e.g. M&S Solar Fund Munich I at trade fair Munich) Long-term experience at director leel 4 of 34

5 Inestment-Opportunities: Inestor M&S Sustainability Funds M&S Green Capital M&S Clean tech Opportunity funds M&S Green Energy Public Funds Only listed companies Priate Equity Sustainable Deelopment of society Closed ended funds All opportunities Independent power producer 6,2% pa. 5 Jahre Murphy&Spitz - Asset Management - Asset Adisor - Research - Priate Equity - Corporate Finance Sustainability Inestments - Solar Funds - Public Funds since Closed Ended Funds 5 of 34

6 M&S Green Energy: 5 year solar bond 6.2% p.a. 5 years min. term Bond olume ,00 Inestments only in completed projects relying on feed-in tariffs Solar projects in Germany and Czech Republic Experienced renewable power producer 6 of 34

7 Murphy&Spitz Research Experienced research team specialised in sustainability inestment and renewable energies since 1999 Financial and ecological research studies Adisor for institutional inestors, targetting Europe Oer 200 companies on watchlist External research for asset managements of sustainability funds and pension funds Established a pan-european network Reporting to leading clean tech inestors 6 of 34

8 Murphy&Spitz Research Experienced research team specialised in sustainability inestment and renewable energies since 1999 Financial and ecological research studies Adisor for institutional inestors, targetting Europe Oer 200 companies on watchlist External research for asset managements of sustainability funds and pension funds Established a pan-european network Reporting to leading clean tech inestors Experience of oer 11 years 6 of 34

9 Murphy&Spitz Research Enio AG -> Adantage of securing you Inestment by Sustainable Research Sell 4.20 Buz of 34

Management of Murphy&Spitz Andrew Murphy Managing Partner Managing partner of Murphy&Spitz GmbH (11y) - Priate equity - Portfolio management Member of

experience ranging from early stage finance to IPOs - in 2006 IPO-manager of Solarpraxis AG - start-up consultant - crisis management - CEO Murphy&Spitz

Murphy&Spitz GmbH (11y) - Asset management - Head of research Member of the inestors committee of the UADs since 1999 Management Expertise - 11 years

10 Management of Murphy&Spitz Andrew Murphy Managing Partner Managing partner of Murphy&Spitz GmbH (11y) - Priate equity - Portfolio management Member of the inestors committee of the UADs since 1999 Management experience - 3y management of UAD Germany - 3y CEO of an organic food retail chain Long term experience ranging from early stage finance to IPOs - in 2006 IPO-manager of Solarpraxis AG - start-up consultant - crisis management - CEO Murphy&Spitz Green Capital and Murphy&Spitz Green Energy - Lectures on inestments into renewable energy companies Philipp Spitz Managing Partner Managing partner of Murphy&Spitz GmbH (11y) - Asset management - Head of research Member of the inestors committee of the UADs since 1999 Management Expertise - 11 years management UAD Germany and World - 5 years member of the board of listed solar enterprises - Inestment adisor of M&S Sustainability Funds - crisis management 8 of 34

11 Sustainability Inestments since 1999 I. Murphy&Spitz II. III. Inestment Philosophy Sustainability Funds 9 of 34

12 Management Approach M&S Sustainability Funds Quality Approach we inest into sustainable industries not into the most sustainable businesses of any industry Best-In-Class Old industries pursue sustainable business (e.g. bp, Bayer, Dow) 10 of 34

13 Management Approach M&S Sustainability Funds Quality Approach we inest into sustainable industries not into the most sustainable businesses of any industry Best-In-Class Old industries pursue sustainable business (e.g. BP, Bayer, Dow) 10 of 34

Management Approach M&S Sustainability Funds Quality Approach we inest into sustainable industries not into the most sustainable businesses of any industry Best-In-Class Old

14 Management Approach M&S Sustainability Funds Quality Approach we inest into sustainable industries not into the most sustainable businesses of any industry Best-In-Class Old industries pursue sustainable business (e.g. BP, Bayer, Dow) Quality-Approach Growing industries are motor for a sustainable future (e.g. Solarworld, Vestas, Whole Foods Market) 11 of 34

15 M&S Sustainability Funds Consistent Knock-Out Criteria Military Industry 12 of 34

16 M&S Sustainability Funds Consistent Knock-Out Criteria Nuclear Power 13 of 34

17 M&S Sustainability Funds Consistent Knock-Out Criteria GMOs 14 of 34

18 M&S Sustainability Funds Consistent Knock-Out Criteria Child Labour 15 of 34

19 M&S Sustainability Funds Consistent Knock-Out Criteria Aoidable Animal Testing 16 of 34

20 M&S Sustainability Funds Consistent Knock-Out Criteria Infringement on Human Rights 17 of 34

21 M&S Sustainability Funds Transparency is basis for respectable inestments blog.murphyandspitz.de 18 of 34

22 Inestment Unierse Photooltaics Organic farming Solar cooling Organic food Solar thermal Emissions trading Energy efficiency Renewable raw materials Wind power Efficient traffic control systems water medtech Biomass geothermal health 19 of 34

23 Sustainability Inestments since 1999 I. Murphy&Spitz II. III. Inestitionsphilosophie Sustainability Funds 20 of 34

24 Murphy&Spitz Inestment Targets Economic Potential 21 of 34

25 Murphy&Spitz Inestment Targets Economic Potential Business in growing markets, often export-oriented Superior business model compared to competitors Niche market leaders with strong market penetration Know-how inoles higher market entry barriers 22 of 34

26 Murphy&Spitz Inestment Targets Economic Potential Business in growing markets, often export-oriented Superior business model compared to competitors Niche market leaders with strong market penetration Know-how inoles higher market entry barriers - Higher growth than in established industries - Aboe aerage margins - Outperformance within industries 22 of 34

27 Murphy&Spitz Inestment Targets Economic Potential Ecological Leaders 23 of 34

28 Murphy&Spitz Inestment Targets Ecological Leaders Lower cost of energy and raw materials Very low risks from tightened enironmental laws Business model hardly exposed to raw material shortages low impact of emissions trading 24 of 34

29 Murphy&Spitz Inestment Targets Ecological Leaders Lower cost of energy and raw materials Very low risks from tightened enironmental laws Business model hardly exposed to raw material shortages low impact of emissions trading Ecological Leaders are often superior to competitors comparing cost of materials and stability of sales 24 of 34

30 Murphy&Spitz Inestment Targets Economic Potential Ecological Leaders Social Acceptance 25 of 34

31 Murphy&Spitz Inestment Targets Social Acceptance Export trade is improed for products and serices that enjoy social acceptance regardless of culture and religion Low risks for political shocks from legal regulation Improed pricing potential 26 of 34

32 Murphy&Spitz Inestment Targets Social Acceptance Export trade is improed for products and serices that enjoy social acceptance regardless of culture and religion Low risks for political shocks from legal regulation Improed pricing potential High social acceptance immunises against risks and improes margins 26 of 34

33 Murphy&Spitz Inestment Targets Economic Potential Ecological Leaders Social Acceptance 27 of 34

34 Murphy&Spitz Inestment Targets Economic Potential Ecological Leaders Social Acceptance Growth potential and reduced exposure to risks 27 of 34

35 Value Inestment Murphy&Spitz Sustainability Fund World Inesting since 1999 in ecologic market leaders Risk mitigation aspects dominant when picking inestments (industries, countries, currency) M&S Sustainability Fund World performed as best in 2008 (+0,21%) Long term performance of UAD World a. +10,86% p.a. since inception in 1999 Access to successful Murphy&Spitz Research World wide network 28 of 34

36 Value Inestment Murphy&Spitz Sustainability Fund World Inesting since 1999 in ecologic market leaders Risk mitigation aspects dominant when picking inestments (industries, countries, currency) M&S Sustainability Fund World performed as best in 2008 (+0.21%) Long term performance of UAD World a % p.a. since inception in 1999 Access to successful Murphy&Spitz Research World wide network Defensie Strategy 28 of 34

37 Murphy&Spitz Sustainability Fund World SMA 5% Whole Foods Market 5% Eergreen Solar 3% Vossloh East Japan Railways 3% 4% Boiron 4% Seen Trend 2% Yingli 2% Trina Solar 2% First Solar 8% Solarworld 8% Gamesa 7% Vestas 7% Sunopta 5% Sunpower 6% Iberdrola Renoables 5% Nordex 6% BWT 6% William Demant 6% Aguas de Barcelona 6% 16. September 2009 Not including cash position 29 of 34

38 Murphy&Spitz Sustainability Fund World Sunopta fundamentally good positioned waiting for buy sign Buy 30 of 34

39 Growth Inestment Murphy&Spitz Sustainability Fund Germany UAD Germany inests since 1999 in companies doing business in Germany the only fund with focus on Germany Growth Inestment Inestment philosophy: sustainable deelopment of our society Performance of UAD Germany a. +12,60% p.a. since inception in 1999 Murphy&Spitz Sustainability Fund Germany performed at +20,99% in 2009 Access to successful Murphy&Spitz Research Extensie German network 31 of 34

40 Growth Inestment Murphy&Spitz Sustainability Fund Germany UAD Germany inests since 1999 in companies doing business in Germany the only fund with focus on Germany Growth Inestment Inestment philosophy: sustainable deelopment of our society Performance of UAD Germany a % p.a. since inception in 1999 Murphy&Spitz Sustainability Fund Germany performed at % in 2009 Access to successful Murphy&Spitz Research Extensie German network Capitalising on Germany s sustainable potential 32 of 34

41 Murphy&Spitz Sustainability Fund Germany Conergy early discoery of strategical failure Sell 33 of 34

42 Performance M&S Sustainability Fund World 350,00 300,00 250,00 M&S Sustainability Fund World since Aug 08 UAD World Jun 99 to Aug ,00 150,00 Ökoision DJSI World 100,00 50,00 Stand 30. Jun of 34

43 Thank you for your attention. Murphy&Spitz GmbH Company Office: D Bonn, Poststrasse 30 Telefon: +49 (0)228 / Telefax: +49 (0)228 / info@murphyandspitz.de Internet:

First Quarter FINANCIAL UPDATE. 3rd Quarter. November

First Quarter FINANCIAL UPDATE 3rd Quarter Noember 5 2015 Disclaimer All statements in this presentation other than historical facts are forward looking statements that inole risks and uncertainties which