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2022-1-21 published at other category

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1.1 A transformative investor on a mission to improve urban quality of life December 2021 - Confidential
2.Disclaimer UI Ventures (“UIV”) is not a registered investment adviser. Information presented is not intended to be an offer of solicitation for the sale or purchase of any securities. Investments involve risk and are not guaranteed. Any projections contained in this presentation are based on a variety of estimates and assumptions. There can be no assurance that the assumptions made in connection with the projections will prove accurate, and actual results may differ materially. This disclaimer applies to this presentation and the oral or written comments of any person presenting it. This presentation (the “Presentation”) has been prepared from information developed and/or accumulated by UIV, which will become the general partner of a pooled investment vehicle (the “Fund”), and from third parties who are not affiliated with UIV. This Presentation is confidential and intended only for use by a limited number of persons to whom it has been distributed. This Presentation does not attempt to describe all material facts or material information regarding UIV or the Fund or their respective businesses. Persons receiving or reviewing this Presentation should not rely upon it as a complete overview of the business of UIV and the Fund and should rely on their own investigation and due diligence. No person has been authorized to make any representation or warranty, or give any information, with respect to UIV or the Fund or the securities proposed to be issued except for the information contained herein. This Presentation does not constitute an advertisement or an offer to sell or a solicitation of an offer to buy any securities. Any such offer will be made solely, if at all, pursuant to definitive investment documents to qualified persons. The definitive investment documents will include usual and customary representations, warranties and disclosures by UIV and the Fund and their respective affiliates. The securities of UIV may only be offered or sold in those jurisdictions and to those persons where and to whom they may be lawfully offered for sale, and therein only by persons permitted to sell such securities. UIV does not make any representation or warranty as to the accuracy or completeness of the information contained in this Presentation or made available in connection with any further investigation of UIV and/or the Fund, including any estimates or projections. The only representations and warranties that will have any legal effect will be those specifically set out in a definitive agreement, when and if executed, and subject to such limitations and restrictions set forth in such written agreement. Prior to investing, investors are strongly urged to review carefully the definitive investment documents, including the risks described therein associated with investing in UIV and the Fund, to ask additional questions and discuss any prospective investment with their own advisers. Additional information will be provided upon request. This presentation contains forward looking statements identified by the use of words such as "believes," "intends," "expects," "may," "will," "should," or “anticipate," or negative equivalents of those words or comparable terminology, and by discussions of strategies that involve risks and uncertainties, and also includes projections of our future financial performance. Such statements and projections are based on estimates and assumptions of management about future events based on information available to us on the date of this document. Given the risks and uncertainties of this business, actual results may differ materially from those expressed or implied by our forward-looking statements and projections. All reference to monetary amounts in this presentation is to Euro unless otherwise stated. These materials are highly confidential and intended solely for the information of the person to whom it was intended to be delivered. None of these materials may be republished or redistributed to any other party. UIV or the Fund may not be eligible for sale in some states or countries, nor suitable for all types of investors. If you are not the intended recipient or an agent responsible for delivering these materials to the named recipient, you have received this message in error and any review, dissemination, distribution, or copying of any of these materials is strictly prohibited. Please contact us immediately by e-mail or phone, and in any event delete entirely the original message. 2
3.3 Executive Summary Market Opportunity Team Unique Value Added Impact Framework Fund Parameters APPENDIX Pipeline Examples Agenda
4.Executive Summary 4
5.Executive Summary 5 We are an impact venture capital investor on a mission to improve urban quality of life in Europe by investing for profit-with-purpose in entrepreneurs supporting the sustainable transformation of cities. We will launch our inaugural UIV Fund I in February 2022, targeting a final close of 25 M EUR within 18 months. Our geographical focus is The Netherlands and Germany. Max. 35% can be allocated to the rest of Europe and USA. We are well embedded in the urban tech hubs in the Netherlands and Germany, as well as in various European networks to ensure access to superior deal flow. Our core investment themes are Decarbonization & Circularity. Max 20% can be allocated to the other urban investment themes. We target a 15% net IRR and a full alignment to the UN Sustainable Development Goals.
6.Our Sustainable City Vision 6
7.Our Core Themes 7 City Logistics Energy Efficiency Energy Transition DECARBONIZATION CIRCULARITY Waste Water Materials
8.Our Regional Focus focus on The Netherlands and Germany rest of Europe/ USA max. 35% 8
9.Market Opportunity 9
10.We target the €50 bn annual funding gap for sustainable transformation of cities and the €1 bn annual early-stage opportunity to support entrepreneurs seeking to apply technology to urban infrastructure* 3/4of the EU populationlive in urban areas account for about80%of energy use and generate up to85%of Europe’s GDP 10 Engines of the European economy and act as catalysts for creativity and innovation throughout the region. Places where persistent problems, such as unemployment, urban segregation and poverty, are at their most severe. Urban areas are: Our growing ecosystem of urban technology entrepreneurs, cities and corporate partners effectively supports sustainable cities transformation. * Urban Impact Ventures own estimates for Europe, based on data from Eurostat, OECD 2017: World Bank Group 2018, and McKinsey Energy Insights 2019
11.Mega trends impacting urban development require dedicated and inclusive urban tech venture capital 11 Shifting Economic Power Technologic Breakthrough Climate Change & Resource Scarcity Demographic &Social Change Rapid Urbanization E7 GDP double the size of G7 by 2040 75% faster growth in EM economies EM economies 50% of global by 2025 59% increase in food demand by 2050 WEF calls water crisis the #1 global risk 48% think business should be a force for good $22bn SRI AuM today 90% of the world data created in the last 2 years 1 trillion objects connected 66% of the world is connected at any time Global population towards 10 bn by 2050 Population is aging 90% of under 25s live in EM economies 2020 pandemic reshaping urban design parameters 1.5 mn people move to cities every week 60% live in cities by 2030, from 55% today 61% of global GDP created by 750 cities 2020 pandemic accelerating urban digital infrastructure Source: Blackrock, Bloomberg, Deloitte, IFTF, McKinsey, PwC, WEF, World bank
12.Now is the time to ‘bend the curve’ towards more sustainable cities Cities are at the center of global sustainability agreements such as UN Sustainable Developments Goals, Paris Climate Agreement, and New Urban Agenda. To “bend the curve” towards greener, more inclusive urban development, additional investments must be unlocked now. Over 75% of the EU population lives in cities, generating up to 85 % of GDP and acting as catalysts for innovation. Cities use ~80% of EU energy and exhibit severe persistent problems, such as unemployment, urban segregation and poverty. Source: Colenbrander & Dasgupta 2018 Source: Worldbank, based on UN estimates, global urbanization 12
13.Team and Track Record 13
14.14 Team Christiaan Leussink Nadia Soultanova Rumen Trilev Simon Rikmenspoel Hans van Houwelingen Korstiaan Zandvliet Ivo Evgeniev Hristo Valev Managing Partner Over 20 years of investment experience and leadership roles in ACTIAM, ING Group, NN Group, Telelink and Symbid. Partner Founder of Symbid, one of the world's first equity crowdfunding platforms, reviewer at Horizon 2020 on behalf of the European Commission. Serial entrepreneur and angel investor. Partner Over 14 years of private equity experience in the CEE region, focused on clean energy, energy efficiency and technology. Partner, General Counsel, Compliance Over 15 years of corporate and investment related legal and compliance experience with ACTIAM, NN Group, PGGM, Dutch Treasury, Philips, NXP, Deloitte. Head of Urban Network & LP Relations Former Head of Investment and Business Development for the city of Sofia, former Director Digitalization and Innovation at Sofia Municipality. Investment Associate Partner Former Chief Market Strategist/M&A at Telelink Bulgaria, a leading CEE digital transformation enabling company. Entrepreneur in Residence Successful serial entrepreneur in staffing, health services, real estate and broader technology industries. Partner Over 20 years of private equity and entrepreneurial experience in technology, mobility, real estate development, renewable energy and agriculture. Former investment banker with Deutsche Bank and UBS.
15.Advisors Claudia Marcusson Marina Niforos Ellen Van Bueren Raymond de Kuiper Rafal Andrzejewski Strategy and innovation lead for SC ventures with 20 years of financial industry experience in the U.S., U.K., Germany, The Netherlands and Singapore and a background in venture capital, emerging technologies and project management. Strategist and advisor to governments and business leaders on innovation, institutional relations and public policy; and founder of Logos Global Advisors and a director at Seche Environment and of the Hellenic Corporation of Assets and Participations (HCAP). Professor of Urban Development Management at the Faculty of Architecture and the Built Environment at Delft University of Technology and Principal Investigator at the Amsterdam Institute for Advanced Metropolitan Solutions Consultant at MunichRE Markets - Epidemic Risk Solutions. Until 2019 Raymond was Chief Investment Officer of ACTIAM NV, a leading sustainable and impact asset manager with €65 billion of Assets under Management. CEE representative of the Asian based M&A advisory firm TFC Capital and CEE Equity Partner for a Hong Kong private equity firm. Former partner at Amrop. 15
16.Unique Value Added 16
17.Unique Value Added We are well embedded in the major urban tech hubs in the Netherlands and Germany to ensure superior deal-sourcing across the sustainable urban transformation early-stage landscape. Network Team Impact 17 International, diverse team curated around investing, entrepreneurship and sustainable city transformation. Our team members and advisors have a profound collective experience in the broad investment industry, venture capital, early-stage technology companies and sustainable urban development. Using our in-house developed framework, we target positive environmental and/or social outcomes in alignment with the UN Sustainable Development Goals. A max. 50% malus on carried interest of the GP is applied if outcome targets are not met.
18.Our 3 investment themes cover a broad set of investment opportunities 18 Our Investment Universe is based on aggregated data from a variety of databases with a focus on the Netherlands and Germany. Urban Impact Ventures is building its own proprietary database in partnership with Fundsup to provide for our top-down approach. We built an extensive network of co-investors, corporates, accelerators and cities, supporting additional dealflow and portfolio company development. Invest 0.50M-2.5M EUR in approx. 16-20 portfolio companies diversified across core themes and regions.
19.Impact Framework 19
20.Our investment themes’ mapping to the relevant UN SDGs’ targets It is our strong belief that the UN Sustainability Agenda 2030 sets the right priorities to catalyse the much-needed transformation of the World, and in particular Europe, the regional focus of our investment strategy. 20
21.Achieve measurable positive contributions to 5 SDGs that are core to the sustainable transformation of cities and the SDGs related to climate action and decent work and economic growth. Screen for material negative outcomes resulting from the investees’ activities across all of the 17 SDGs and support the transition towards an overall net positive change for the stakeholders of the impact. Our impact management approach is in accordance with the latest developing standards for impact investing Impact Thesis (Theory of Change) Fund-level Impact Goals 21
22.And delivers on our mission to improve urban quality of life Each portfolio company has pre-set impact targets corresponding to one or more of the 5 Core SDGs. Progress on the impact targets is measured annually through an individual Core Impact Rating (from 0 to 10). Ratings are adjusted for achievements on additional targets set with respect to the 2 SDGs related to climate action and decent work conditions, as well as for targets on reducing potential material negative impact on any of the 17 SDGs. All individual Impact Ratings are aggregated on Fund level. The resulting Fund (Portfolio) Impact Rating is reported annually. If the Fund Impact Rating at Exit is below the threshold of 7.5 (out of 10), a maximum of 50% malus on the carried interest of UIV is applied. Impact measurement framework 22 Impact integration in the investment process
23.Fund Parameters 23
24.24 We target 25 M EUR to invest in 16-20 portfolio companies, supporting entrepreneurs seeking to apply technology to sustainable city transformation (~ 25% reserved for follow-up investments). Fund Manager: Dutch - under AIFM Light regime Fund Domiciliation: Dutch Cooperative U.A. under EuVECA regime Region: NL/DE with a max. 35% for rest of EEA/UK/CH/USA Scope: late seed, (pre-) series A Fund Term: 10 +1 +1 years with an investment horizon of 4 years Min Ticket Size: 250K EUR Investment themes: Decarbonization, Circularity, Liveability (max. 20%) First close: February 2022 Final close: max. 18 months after 1st close Fund Characteristics Subscription fee: once 2% over commitment at initial subscription payment Management fee: annual 2% (commitment based; > 6th year investment based),Operating cost allocation capped at 0.2% annual Profit Sharing: 20%, (with 6% hurdle, and max 50% malus if impact targets are not met) Target IRR: 15% net of recurring fees and profit sharing
25.Fund economics We target net 15% IRR for LPs, with at least a net multiple of 2.1, based on a MOIC of 2.6. We will initially invest in at least 16-20 companies, with follow-up investments in ~4 companies. * One company can receive multiple investments (i.e., 20 investments may relate to 16-18 portfolio companies) 25
26.Pipeline Examples 26
27.General Information UIV follows a proprietarily developed approach for selection of investment opportunities. The approach utilizes a tool for screening and scoring the business potential of an opportunity (UIV Business Pentagon) and a tool for preliminary assessing of the impact potential (UIV Impact Pentagon). Only opportunities scoring on average ≥ 1.5 on both Pentagons could enter the investable universe of UIV and further be analyzed and presented to the Investment Committee for a ‘Green Light’ approval. Screening and selection of investment opportunities 27
28.Impact Characteristics 20 opportunities screened and filtered with scores passing the Pentagon thresholds: * Includes other sustainable UrbanTech opportunities with mostly environmental impact characteristics (e.g. sustainable lifestyle; impact-enabling activities; etc.) Current UIV Investable Universe 28
29.Showcases A Dutch one-stop shop platform for energy conversion of residential buildings. A German patent-holding producer of bio-compostable plastics from agricultural residues. A Spanish producer of smart and biodegradable water filters for household use. A Swiss provider of car-attachable sensors for collection and analysis of data on urban life quality. 29 A Dutch smart warehousing and decarbonizing the last-mile-delivery solution. A Dutch patent-holding project and technology developer for cargo and passenger low-carbon high-efficiency hyperloop transportation systems. A US-based company providing platform for smart and sustainability-enhancing urban mobility services to cities in Europe and the USA. A German producer of edible cutlery from cocoa shell leftovers, replacing the single-use plastics.
30.Nadia Soultanova Head of urban network and LP support ns@uiventures.com +359 896 160 104 30
31.31 December 2021 - Confidential

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