Finansieringslösningar  för  miljöföretagande:  Globala  trender  för  bolag  i  olika  

utvecklingsfaser  och  inom  olika  segment

18 Oktober, 2012 Henrik Malmsten, Durable Vision Invest

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D.V. I

D.V.I

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Is this sustainable?

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Agenda

•  An assessment of how the recent market conditions affected the interest in sustainable investment

•  Case: Renewable energy market

•  Trends in Sweden within the cleantech area •  Future trends within the cleantech area •  Q & A:

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•  Head of Asset Management at Sixth AP-fund for seven years and extensive experience to manage teams.

•  Have been in the financial business for more than 20 years.

•  Successful management of various portfolios and at the most > SEK 20 billion.

•  Extensive experience of Corporate Governance of listed as well non listed companies.

•  In charge of setting up the Sixth AP-Fund´s Asset Management as well as the fund Lannebo Total (within Lannebo Fonder).

•  Focus on the Renewable Energy and Cleantech sector over the past

ten years,  global network and info structure established. Initiator and Fund Manager of Blue Engine, the first Swedish fund capturing the strong growth in the global equity renewable energy market.

•  Founder of Durable Vision Invest (D.V.I). - Global sustainable investments

Henrik Malmsten

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Cleantech: The term "clean technology" describes technologies developed by biological, computational, and physical scientists and engineers that enable more valuable use of natural resources and greatly reduce ecological impact.

NewEnergy: Wind, flowing water, energy conservation. Technologies such as solar cells, hydrogen and fuel cells and ocean energy.

Key Words - Sustainable Energy

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Dr. Rajendra Pachauri - Chairman IPCC.

Al Gore

Important Persons - For the World and Sweden

Michael Wood

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Sustainable Investments

Envirotech 1970s-80s

•  Regulatory driven market •  Compliance-based purchasing •  “End-of-pipe” tech, e.g. scrubbers

on smoke stacks •  Chemical science •  Traditional engineering •  Slow growth markets, e.g. waste

management •  “Save the world” mentality •  Low IT use

Cleantech mid 1990s –

•  Economic market drivers •  Productivity-based purchasing •  “Front-of-pipe” tech, e.g. zero

emission plants •  Biological & materials science •  Systems design & engineering •  Rapid growth markets, e.g. solar

energy •  “Entrepreneurial” mentality •  High use of IT

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•  Great geopolitical focus is a driving force for

renewable energy

•  Cheap oil production is no more available

•  Growing governmental and consumer environmental requirements

•  Increasing demand for renewable energy among non-OECD countries

Why invest in Renewable Energy

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§  Swedish Cleantech deal flow is particularly strong for the following reasons:

o  A highly literate and educated population

o  Public identification of the environment and development as key issues

o  Consistent corporate and government leadership on these issues

o  Subsequently, Sweden has a very strong research base and more mature technologies and markets for Cleantech than most other countries

The Case for Swedish Cleantech

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IEA (International Energy Agency) predicts that the world energy consumption will increase > 45% until 2030 within non-OECD.

Source: IEA 2011

World energy consumption, 1990-2035

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Source: IEA 2010

Global energy demand, Total electricity production mix

Coal 41%

Gas 20%

Hydro 16% Nuclear

15%

Oil 6%

Biomass 39,1%

Wind 29,3%

Waste 14,9%

Geothermal 13,4%

Other 2,4% Solar PV

0,6%

Solar Thermal 0,2% Tide

0,1%

Other 2%

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Demand Side Efficiency •  Building & Facility (growth : 8-10%) •  Mobility (growth : 10-15%) •  Industrial processes (growth : 10-15%)

Renewable Energy •  Solar (growth: 35-40%) •  Wind (growth: 20-25%) •  Alternative fuels (growth : 30-35%) •  Hydro & Geothermal (growth : 5-10%)

Wind globally Solar globally

Distributed Energy •  Storage & Battery technologies (growth : 10-15%) •  Energy conversion technologies (growth : 15-20%) •  Power electronics (growth: >10%)

Source: EPIA, ISES, IEA, EWEA, PV Market Development and Perspectives, 2010

Cleantech – 5-year CAGR expectations

0 50 000

100 000 150 000 200 000 250 000 300 000 350 000 400 000 450 000 500 000

2000 2004 2008 2012 2016 2020 0

50 000

100 000

150 000

200 000

250 000

2000 2004 2008 2012 2016 2020

MW MW

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Top 10 Solar PV Markets, installed in 2011 (kw)

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The Global Equity Markets for Renewable Energy

2% 2% 3% 3% 4% 4%

5% 7%

10% 14%

39%

0% 5% 10% 15% 20% 25% 30% 35% 40% 45%

Taiwan

Canada

Japan

South Korea

Brasil

Germany

Denmark

France

Spain

China

USA

Total market capitalization approximately 250 billion euro 2012 2009

10%

6% 7%

8%

33% 5%

2% 0%

6% 1%

0%

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The Global Universe within the Equity Markets for Renewable Energy

2%

4%

14%

15%

17%

22%

28%

0% 5% 10% 15% 20% 25% 30%

Hydrogen & Fuel Cells

Power Storage

Biomass/Fuel

Others

Wind

Solar

Energy Effiency

Total market capitalization approximately 250 billion euro

2%

4%

7%

12%

2012 2009

24%

25%

26%

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> 5.5 2.2-3.9 < 0.6 3.9-5.5 0.6-2.2 No data

The 2012 Global Cleantech 100

Källa: Cleantech Group Analysis

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The 100 companies by sektor

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I tidig fas saknas både kunder och privat kapital

Ernst and Young – Navigating the Valley of Death

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How Sweden will create the world's best climate for innovation?

Veckans Affärer

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Stockholm Cleantech Venture Day 2012

Cleantech Company of the Year Award 2012 to Anolytech at Stockholm Cleantech Venture Day 2012

Magnus Rehn, STING, Catherine Ehrensvärd, CEO Anolytech and Olof Berglund, chairman of the jury SCVD2012

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Institutions and investors within cleantech in Sweden

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Swedish media within cleantech

Nu lyfter vi - 33-listan 2012

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As the Chinese saying goes: ”The best time to plant a tree was a hundred years ago. The second best time, is today”

Thank you for listening to the future!