Presentation at the Global Landscapes Forum on 6 June 2016, in London, UK during the Dragon's Den session. For more information go to: www.landscapes.org.

1. 1
Sustainable Ocean Fund
Creating impact and value in the
marine environment.
Brief Presentation to GLF
June 2016
CONFIDENTIAL - FOR DISCUSSION ONLY

2. 2
Why talk about the ocean at a landscape event?

3. 3
US$ 25 billion fish
traded annually
$9 billion is made from
ocean related
ecotourism.
3 billion people obtain
20% of their protein
from fish.
1 billion people depend
on it as their primary
source of protein...

4. 4
Over fishing
3x sustainable harvest levels
globally = cumulative losses of
~US$ 2.9 trillion for the past
three decades
Pollution
46,000 pieces of plastic are
estimated to be afloat on every
square mile of the ocean
Lack of protection
< 4% of the Ocean is protected
in any way.

5. 5
è Investment in the form of:
w Project and enterprise finance
w Technical capabilities and expertise
w Access to new markets and revenue streams
è Preservation and enhancement of portfolio value through vertically integrated risk management
è Support of global and regional partners
Diversified Investor Base
Investment
Emphasis on replicability and scale
- Uncompromised market returns
- Diversification and fiduciary risk
management
- Non-cash benefits (CSR, supply chain
management, regulatory hedge)
- Local livelihood improvements
- Adaptation to Climate change
- Biodiversity and ecosystem function
Risk
Management
Environmental,
Social and
Governance (ESG)
excellence
Finance
Sources
Sustainable
Ocean Fund
Investment
Profile
Returns
InvestorsLocal Stakeholders
Sustainable Fisheries
Tenure & rights based
management
Aquaculture
Technology and operational
improvements
Supply chain , infrastructure and
downstream
Co-operatives, Processing,
Transportation
Improved Market Access,
Traceability and Certification
Mission-driven Seafood
Companies
Broader seascapes
Marine Protection
Blue carbon and PES
Energy, Waste, Tourism,
2 31

6. 6
Source: EDF

7. Illustrative investment: Mexican Pen shell Recovery
7

8. NOS have engaged the El Mangle
community to establish a FIP
Sustainable harvesting of callo de acha Unparalled biodiversity in the Sea of Cortez
Monitoring the shellfish population

9. A tested investment mechanism
$m
Capital deployed in FY1-4 in
the form of a loan to finance
capex, opex and project
management
Revenues from sales of
real assets seafood
product to repay loan
and interest in FY2-8
Revenues from benefit share
in FY2-8 and post FY8
(capital gain)
Project supports the
transition to
sustainability
Equity warrants exercised at
maturity of Loan ( where
available) provide return
upside.
Loan secured by
available collateral and
by first lost facility.

10. Forging partnerships that work
10
Fund level
Project level
Involvement of reputable partners
with proven track records both
locally and globally
• Ensure ESG performance
• Proper implementation and long-
term operation
• Capacity building
• Aligned interest
Involvement of local stakeholders
(local governments, communities,
NGOs)
• Identify suitable projects and /
or develop side-activities
• Ensure livelihood / sustainable
resources for local communities

11. Selecting mature and semi mature project and accelerating them to
scale
11
1
2
4
5
6
3

12. Clear risk management throughout the Investment
Annual monitoring
Incident &
quarterly reporting
ESAP, CPs &
contract terms
Issue policies
& rapid SIA
tool
ESG Imp.
Guide
Screening
& DD
process
12

13. Where we are going?
13
Aim to reach first close by Q4
2016
Provide portfolio guarantee for
private –side investors into the
SOF
Structure new mechanisms to
open up the opportunity to a
broader range of impact investors