Ireland Strategic Investment Fund ISIF 2.0...An Introduction - Press Pack Presentation by

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Ireland Strategic Investment Fund ISIF 2.0...An Introduction - Press Pack Presentation by
Ireland Strategic Investment Fund

    ISIF 2.0...An Introduction

    Press Pack
           Presentation by
         Eugene O'Callaghan,
            Director, ISIF
Ireland Strategic Investment Fund ISIF 2.0...An Introduction - Press Pack Presentation by
ISIF 2.0...AN INTRODUCTION

Eugene O'Callaghan

      Director, ISIF
Ireland Strategic Investment Fund ISIF 2.0...An Introduction - Press Pack Presentation by
ISIF 1.0 (2015 to 2018)                             ISIF 2.0 (2019 onwards)

“Invest on a commercial basis to support economic activity and employment in Ireland”

                         Commercial                 Economic
                           Returns                   Impact

                     Thinking in decades & making a difference
Ireland Strategic Investment Fund ISIF 2.0...An Introduction - Press Pack Presentation by
ISIF 1.0 – Outcomes
Ireland Strategic Investment Fund ISIF 2.0...An Introduction - Press Pack Presentation by
ISIF 2.0…

     “Double bottom line” mandate remains unchanged
P    •
     •
         Governance and management unchanged
         Reduced fund size €5.4bn
     •   Significant investment capacity €500m pa +/-

     ISIF 2.0 as a “Strategic” investor
P    •
     •
     •
         Leveraging co-investment
         Flexible, long term, sovereign investment partner
         Seeking to drive balance, quality and sustainability in the Irish economy

     ISIF 2.0 - focused on 5 Priority Themes
P    •
     •
         Guided by Project Ireland 2040
         Priority Themes: Regional development, Housing, Indigenous Businesses, Climate Change, Brexit
     •   Connectivity Fund sub-portfolio
     •   Flexibility for other compelling national level opportunities
     •   Aligned with Government policies,

                         Thinking in decades & making a difference
Ireland Strategic Investment Fund ISIF 2.0...An Introduction - Press Pack Presentation by
ISIF 2.0… Priority Themes
Ireland Strategic Investment Fund ISIF 2.0...An Introduction - Press Pack Presentation by
Regional Development
                            €500m-€750m regional, commercial investment programme

                                                              Enabling the Regions
Enabling investment
• Infrastructure, urban regeneration etc

Investment in regional businesses

                                                               Regional Businesses
Aligned with Project Ireland 2040
• Regional partnerships
Ireland Strategic Investment Fund ISIF 2.0...An Introduction - Press Pack Presentation by
Housing
                                              25,000 houses by 2025

                                                                      ISIF’s Housing Strategy

 Strategy: apply ISIF capital to fill gaps
 1. Unlocking land
 2. Build for sale
 3. Long term rental

Focused on starter homes and mass market units
• Will seek to invest in social and affordable housing where
  commercially possible
Ireland Strategic Investment Fund ISIF 2.0...An Introduction - Press Pack Presentation by
Indigenous Businesses
                                          Support scaling of 100 indigenous businesses

Assist in developing next wave of larger scale                                               Competing internationally
indigenous businesses to compete internationally

Scale up to 100 indigenous businesses over 5 years             Directly for larger amounts
• Broad range of sectors
• Food & Agriculture, Technology and Health in
   particular                                                            &

                                                               Use platforms to maximise
Venture and early stage investments will be aimed              impact for SMEs
at developing a candidate pool

ISIF will increase direct investment (debt & equity)
to support scaling and internationalisation
Climate Change
                                         Decarbonisation – reduction, mitigation and efficiency

 Contribute to Ireland’s future 2030 EU Renewable Energy targets by making
 investments to deliver substantial carbon reduction

 State market support regimes an important factor
                                                                                           Renewable
                                                                                           Electricity

Possible opportunities in …
1. Renewable Electricity
2. Renewable Transport
                                                                              Renewable
3. Food & Agri Sector                                                          Transport
4. Renewable Heat
                                                                                                    Food & Agri.
                                                                                                       Sector
ISIF will measure and monitor carbon where possible across
its entire portfolio.
                                                                                   Renewable
                                                                                     Heat
Brexit
                                      Commercial investment to support long-term diversification and resilience of
                                      businesses in Ireland that have substantial UK exposures

                                                                                          ISIF’s Brexit Strategy
Dependent on outcome of current Brexit process in UK

Brexit strategies for threatened businesses:                                          Long term         Product
- Exchequer/Agencies: short term financial support.                                   capital for    Diversification
- ISIF: long term investment in markets and product                                   businesses
                                                                                                                     Market
   diversification.                                                            Loan funds                         Diversification
                                                                               for specific
                                                                                 sectors
Possible physical connectivity investments
                                                                                 Connectivity
                                                                                                  Emerging
                                                                                                   markets
                                                                                                diversification
ISIF Team

                                        Eugene O'Callaghan
                                                Director
                                           T +353 1 238 4066
                                        E eocallaghan@ntma.ie

                                                                                                           info@isif.ie

     Fergal McAleavey                      Kieran Bristow                 Cathal Fitzgerald
   Senior Investment Director          Senior Investment Director      Senior Investment Director
Private Equity & Venture Capital   Investment Strategy & Residential       Food & Agriculture
       T +353 1 238 4432                         Housing                   T +353 1 238 5017         www.isif.ie
  E fergal.mcaleavey@ntma.ie                T +353 1 238 5058          E cathal.fitzgerald@ntma.ie
                                        E kieran.bristow@ntma.ie

     Saoirse O’ Connor                     Donal Murphy                     Paul Saunders              @ntma_ie
      Investment Director             Senior Investment Director       Senior Investment Director
      Portfolio Monitoring            Infrastructure Investments                Innovation
       T +353 1 238 5063                   T +353 1 238 4934               T +353 1 238 5049
  E saoirse.oconnor@ntma.ie            E donal.murphy@ntma.ie           E paul.saunders@ntma.ie
                                                                                                              LinkedIn
                                         Mikael Langstom
                                          Investment Director
                                       Risk & Portfolio Analytics
                                           T +353 1 238 4231
                                        E mlangstrom@ntma.ie
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