THE TECHNOLOGY DRIVING INNOVATION

Transcription

1 THE TECHNOLOGY DRIVING INNOVATION

2 01 ABOUT FUTUREPLUS SINCE 2010 DRIVING THE TECHNOLOGY INNOVATION WE INVEST ON THE LATE STAGE OF CONSOLIDATED PROJECTS WHICH HAVE KEY GROWING POTENTIALS FUTUREPLUS was founded in 2010 by a group of Spanish executive directors and entrepreneurs with a solid background mainly cultivated in the Technology & Telecommunication sectors. Due to their aspirations to promote the innovation along with their vast know-how and extensive experience, FUTUREPLUS aim at promoting the Technology Innovation across the noted strategic sectors, which in turn matches with the competences of their partners. So far, FUTUREPLUS have been playing a key role in co-leading & co-investment management with the Venture Capital firm Gala Capital; hitherto, ÁMBAR VENTURE CAPITAL has been the joint investment vehicle, which have invested on a range of Technology companies. More over, since 2016, FUTUREPLUS pro-actively participate with the Spanish Institution, Extremadura Avante Inversiones, in managing the specific Technology fund, Avanticex, so as to promote the regional innovation in Extremadura. Likewise, FUTUREPLUS have taken a quantum leap which results in the new Investment Management firm, FUTUREPLUS CAPITAL INVESTMENT being now operational under the supervision of the Spanish Regulators, CNMV, in order to directly manage new VC funds, focused on Technology enterprises. 2 FUTUREPLUS DRIVING THE TECHNOLOGY INNOVATION

3 WE INVEST ON CUTTING-EDGE TECHNOLOGY FIRMS WHICH TURN OVER FIGURES KEEP ON GROWING OVER THE TIME SO AS TO GENERATE A SOLID & POSITIVE RETURN-ON-INVESTMENT BY MEANS OF USING THE INNOVATION. DRIVING THE TECHNOLOGY INNOVATION FUTUREPLUS 3

4 02 BACKGROUND SUPPORTING THE ENTREPRENEURSHIP POSITIVE & PROFITABLE TRACK RECORD Currently, FUTUREPLUS is co-managing a range of assets (in the order of magnitude of 20 M) in connection with Ámbar Venture Capital fund in addition to the 2M investment at Avanticex ( 6 Million funding commitments). FUTUREPLUS take in part in funding 10% of Ámbar Venture Capital Fund and 50% of Avanticex Fund. Technological & Industrial Know-How Throughout the course of the investment at Ámbar, FUTUREPLUS analyzed an extensive deal flow whilst we continue to check a portfolio of investment opportunities at Avanticex Fund. Pro-Active Participation as well as extensive managing experience FUTUREPLUS is member of the board of directors across the companies we invest on along with the fact that, FUTUREPLUS play the Managing Director role or even the Presidency role, across the range of companies. Commitment & Partnership FUTUREPLUS continue to strongly support the companies we have invested on by means of additionally investing 2.5 Millions in other capital rounds 4 FUTUREPLUS DRIVING THE TECHNOLOGY INNOVATION

5 WE INVEST ON THE LATE STAGE OF CONSOLIDATED PROJECTS WHICH HAVE KEY GROWING POTENTIALS INVESTMENT PHYLOSOPHY Active & Committed Partner Active Involvement Building up durable and long-term relationships. Contributing with an extensive experience and a wide national and international network. An Independent firm We do not belong to any group; as a result, we are free decision-makers (with no conflict of interests). We aim at gaining a relevant participation but in minority, on those projects we invest on CULTIVATING A DIFFERENTIATED ADDED VALUE DRIVING THE TECHNOLOGY INNOVATION FUTUREPLUS 5

6 03 PORTFOLIO OF INVESTMENT 5,91% 4th Spanish Telecommunications entity which operates in ground & mobile lines plus internet and optic fibre. ICT Sector Year 2010 % Participation 5,91% 36,16% Global leader in designing, manufacturing and selling of splitters and external electronic components for the FTTH network and the optic fibre. ICT Sector Year 2010 % Participation 36,16% 77,10% Fintech firm which enables paying the value of goods and services by using a sole-source channel; this,in turns, reinforces the customer reliance and confidence on the purchasing system ICT Sector Year 2010 % Participation 77,10% 6 FUTUREPLUS DRIVING THE TECHNOLOGY INNOVATION

7 10,20% Wireless battery-free low frequency sensors manufacturer, operating on the RFID, UHF & business-related sectors. This solution enables monitoring a wide range of data over any field. ICT Sector Year 2010 % Participation 10,20% 67,35% Advanced automatization & traceability solutions to the healthcare market based on specific RFID technology. ICT Sector Year 2010 % Participation 67,35% Expert in manufacturing high-resistance composite utility covers. Innovative design along with fabricating complex and tailored solutions. 28,22% ICT Sector Year 2015 % Participation 28,22% 40% Global marketplace platform, specifically tailored for hospitality, tourism and M.I.C.E sectors. This solution enables the interaction of suppliers, customers and destinations in one go by using this state-of-the-art and versatile portal easily. ICT Sector Year 2016 % Participation 40% (*) Investments through Ámbar Venture Capital Fund and Avanticex Fund. Other investments have not been included. DRIVING THE TECHNOLOGY INNOVATION FUTUREPLUS 7

8 04 INVESTMENT STRATEGY FUTUREPLUS, is currently in the process of rising a VC fund, focused on Iberian consolidated Growth Phase-Late Stage companies that, despite having clear growing potentials, there firms still require assistance to break down their business stagnation provided that a leader, viable and innovative business model be in place. Not only having a solid and highly-qualified team be committed to the project for FUTUREPLUS to invest on be required but also the fact that the target company lines up with the investor s interests in order for FUTUREPLUS to contribute with a differentiated perspective. Each investment will range from 2 M to 10 M per project, focused on late-stage Venture Capital with consistent turnover and positive EBITDA, in addition to the following cases: Enterprises which are currently trapped in business stagnation despite their potentials Decreasing revenues due to management inefficiencies. The average investment period is estimated at 4-6 years whilst taking a relevant but minority shares participation on each company. Although FUTUREPLUS will be flexible and adaptable to the needs of the investee, the focus is set on maximizing the added-value and the return on investment. 8 FUTUREPLUS DRIVING THE TECHNOLOGY INNOVATION

9 INVESTMENT CRITERIA FUTUREPLUS will focus their investments on Technology, ICT, disruptive Innovation and Telecommunications. It is our investment policy not to deviate from the business-related sectors due to our management team s background having been consistently built up on the above-noted sectors. Below are some examples for your ease of reference: ICT Communications network, architecture systems and protocols. Cybersecurity, Big Data & Analytics, Cloud Infrastructure, AdTech, SaaS. Access protocols, equipment and IP systems INNOVATION Internet of Things, IP applications and mobile phone applications for social media. Wireless sensors and networking systems. OTHERS ICT-RELATED SECTORS DRIVING THE TECHNOLOGY INNOVATION FUTUREPLUS 9

10 WHY TO INVEST ON THE ICT SECTORS? FUTUREPLUS believe that the ICT sector plays a key role in driving the economy growth across the modern society whilst, needless to say that, the ICT sector itself has all the growing potentials to exert a robust influence on the economy competitiveness and productivity. This, in turn, contributes to the new economy model foundation, based on solid knowledge. Within the Spanish economy potentials, the ICT sector ranks on the top priorities of the Spanish Governments so as to develop the market, including internationally; for instance, there remains 2.4 Billion to expend on the Digital Transformation to comply with the 2020 European Digital Agenda, promoting the 4G/5G network, optimizing the width band system, improvement to the ecommerce systems, optimizing the ICT network, etc. As a result, our position is that investing on Technology in Spain is a great business opportunity nowadays. Moreover, it must be highlighted that FUTUREPLUS have proven track record of successfully investing on this sector along with their vast experience on this field. This is embedded within our DNA. 10 FUTUREPLUS DRIVING THE TECHNOLOGY INNOVATION

11 PHASES OF INVESTMENT FUTUREPLUS Capital Expansion I, will focus their investments on two different stages in relation to the target companies*: 1 GROWTH OR EXPANSION (Low Risk) Investment on consolidated Technology companies that are suffering from business stagnation and require re-thinking of the business model, assistance with the internationalization of the company so as to make them grow in the mid-term. Fund resources: 40%-60% 2 LATE STAGE VENTURE CAPITAL (Low Risk) Investment on Technology companies requiring funds to expand their operations and impulse their growth (i.e starting off a new business unit, exploring new business markets overseas,...). Fund resources: 40%-60% DRIVING THE TECHNOLOGY INNOVATION FUTUREPLUS 11

12 WHY TO INVEST ON THE LATE STAGE AND GROWTH PHASES? A niche of market has been identified as there are no investors operating on the investment segment. During 2016, of the total amount of money invested in Venture Capital in Spain, only 4.5% of the investments have exceeded 1 M ;10 of the 11 investments ranked within 1M -5 M and the outstanding operation amount 10 M. In conclusion, an opportunity gap between 2 M and 10 M has been identified. Although the estimated RoI may be slightly inferior than other alternative investments on the earlier stages, the ratio of success of the concerned investees is much lower this in turn results in less risk overall. 12 FUTUREPLUS DRIVING THE TECHNOLOGY INNOVATION

13 INVESTMENT CRITERIA INNOVATIVE PROJECTS It is required that companies have solid technology & innovative projects with growing potentials on the fact that they are globally expandable along with vital having a viable business plan with a global vision. Having a differentiated and innovative product/service with attractive profitability ( TIR>20%) FINANCIAL STRUCTURE Companies with areas for operations improvement Companies requiring finance & strategy re-orientation, practically out of debts with positive EBIDTA. Mostly focused on cash-in operations. MANAGEMENT TEAM FUTUREPLUS will focus on selecting firms with specific management characteristics: having a reputable, highly-skilled and committed management team with a vast experience and know-how on business development Particular clauses to balance the shares takeover, including some specific terms dictating the exit protocols along with an active participation on the Board will be in place. DIVESTMENT The permanency period on the company we invest on will last 6 years maximum, depending on the market conditions. Having an exit strategy in place, aiming at maximizing along with the fact of being results-oriented but focused on the best alternative solutions to the firms. DRIVING THE TECHNOLOGY INNOVATION FUTUREPLUS 13

14 05 TEAM EXPERIENCE AND PROFESSIONALISM FUTUREPLUS is the result of a group of well-known executive directors and businessmen joining to drive the Technology Innovation in Spain based on their vast experience and know-how gained on this field. In addition to the finance participation on the firm we invest on, the most valuable contribution being offered consists of developing strategic added-value & key competitive strengths to industrial investors. Our team consists of a portfolio of reputable entrepreneurs and Technology-related market leaders with an extensive international experience on Innovation & Technology. 14 FUTUREPLUS DRIVING THE TECHNOLOGY INNOVATION

15 MANUEL GORDILLO CHAIRMAN ARMANDO GUERRA MANAGING PARTNER-TECHNOLOGY EZEQUIEL NAVARRO MANAGING PARTNER BUSINESS DEVELOPMENT PEDRO MIER MANAGING PARTNER STRATEGY / TECHNOLOGY JOSÉ VICENTE CEBRIÁN MANAGING PARTNER- TECHNOLOGY MANUEL PORTILLO MANAGING PARTNER INVESTMENT DIRECTOR FRANCISCO RAMOS GENERAL MANAGER CAROLINA GIJÓN INVESTMENT ANALYST CONTACT José Ortega y Gasset 40, 1º Izq , Madrid / España info@futureplus.es (+34) DRIVING THE TECHNOLOGY INNOVATION FUTUREPLUS 15

16 Calle José Ortega y Gasset 40, 1º Izq , Madrid / España info@futureplus.es (+34)