7th Timberland Agenda

922 views
826 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
922
On SlideShare
0
From Embeds
0
Number of Embeds
5
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

7th Timberland Agenda

  1. 1. Don’t Miss our Interactive Roundtable Discussions on the Top 5 North American Investment Destinations (page 5) June 23 – 25, 2010 The Pan Pacific Hotel, Vancouver, British Columbia NAVIGATING THE LANDSCAPE FOR STRATEGIC INVESTMENTS IN NORTH AMERICAN TIMBERLAND Learn best practices from top Timberland experts and investors, including: Tim Schlitzer Clark Binkley Keith Balter Senior Investment Officer Managing Director Principal Massachusetts PRIM Board International Forestry Forest Capital Partners Colin Carlton Investment Advisors VP, Investment Research Brendan K Lowney Dennis Neilson Canada Pension Plan Principal, Macroeconomics Director Investment Board Forest Economic Advisors LLC DANA Gerald Brown Chairman Steven Diebenow Steven Chercover Dallas Police & Principal Senior Research Analyst Fire Pension System Rock Creek Capital D. A. Davidson & Co “Very interesting presentations and discussions!” - Jack Lutz, Director of Research, FourWinds Capital Management New for 2010: • Highest ever participation from institutional investors, with speakers New! Confirmed confirmed from TIAA-CREF, Mass-PRIM, APG, CPP Investment Keynote Speaker: Board and Dallas Police & Fire Retirement System • Dedicated workshops on risk mitigation, carbon credits and strategies for smaller investors Pat Bell • In-depth keynotes on the prospects for the US housing market, Minister of Forests the macroeconomic outlook for timberland and the future of & Range timberland values British Columbia • Interactive roundtable discussions on the Top 5 North American Investment Opportunities Sponsors: Media Partners: www.TimberlandInvestmentSummit.com
  2. 2. Our Speaker Faculty: Tim Schlitzer Senior Investment Officer, Real Estate and Timberland Massachusetts PRIM Board Colin Carlton VP, Investment Research Canada Pension Plan Investment Board June 23 – 25, 2010 Gerald Brown Chairman The Pan Pacific Hotel, Vancouver, British Columbia Dallas Police & Fire Pension System Sue Ryan Goodman this “Lumber prices have climbed 32% on the futures market Portfolio Manager, Real Estate & Timber year, a sudden and unexpected surge that contrasts with a APG Asset Management decline in most other commodities, such as fossil fuels Sandy LaBaugh Director, Alternative Investments and industrial metals.” TIAA-CREF The Wall Street Journal, February 16, 2010 Curtis Seltzer 73% of Editor, LandThink & Author, How to Be a Dirt- Speakers New Smart Buyer of Country Property Dear Investor, for 2010! Joel Shapiro Welcome to IQPC’s 7th Timberlan CEO d Investment Summit – the key Timbervest year for US & Canadian investmen meeting of the t opportunities in the timberland asset class. Chung-Hong Fu Timberland has always been an attra Managing Director, Economic Research & ctive investment: Since 1970 timb average of approximately 15% a year, erland has returned an Analysis easily outperforming the stock mark averaged 11%. It also has low volat et, which has Forest Investment Resources ility and returns are enhanced by continues regardless of wars, econ biological growth – which omic crises and changes of administr Scott Jones ation. CEO But lumber values are most certainly The Forest Landowners Association linked to developments in the broa outlook is far from certain. What der economy, where the are the prospects for the US hous driver of lumber demand? How migh ing market, the single biggest Jack Lutz t the market in woody biomass affec Director of Research values? What about global demand t overall timberland for wood and paper products? FourWinds Capital Management One of the largest question marks Dennis Neilson relates to inflation. Over the last cent outperformed inflation by an avera ury, timberland has Director ge of 3.3% a year, making it one inflation hedges available. But is infla of the most effective DANA tion really on the cards? Many talking up inflation since the beginnin economists have been g of fiscal stimulus back in January Steven Diebenow precious little of it so far. One reaso 2009, but we’ve seen n for the lack of inflation has been Principal to pass on the effects of fiscal stimu the reluctance of banks lus in the form of increased lending Rock Creek Capital see if this picture changes over 2010 – and we shall have to . Keith Balter Overall, then, the investment outlo Principal ok for timberland is uncertain and American investors to know whether it’s difficult for North Forest Capital Partners they’re faced with an outstanding imperative to sell. Gaining a deeper buying opportunity or an understanding of the factors that influ Brendan K Lowney is therefore essential to investors who ence timberland values Principal, Macroeconomics wish to make money with this asset Timberland Investment Summit addr class – and the 7th Forest Economic Advisors LLC esses this need head-on with a num ber of can’t miss sessions: • Steve Chercover, Senior Research Rocky Goodnow Analyst at D. A. Davidson & Co Director, Timber top paper & forest products analysts and one of the world’s will deliver an exclusive keynote addr Forest Economic Advisors LLC macroeconomic outlook for timberlan ess on the d investments, with a particular emp will be affected by possible economic hasis on how values Steven Chercover scenarios like inflation, deflation, and recession a double-dip Senior Research Analyst • Our largest ever investor roundtab D. A. Davidson & Co le session will feature speakers from TIAA-CREF, CPP Investment Boar Mass PRIM, APG, d and Dallas Police & Fire Retirem Lloyd Irland • Keith Balter, Principal of Forest ent System Capital Partners, will uncover essen Lecturer and Senior Scientist future prospects of the US housing tial insights about the Yale School of Forestry market, and examine the precise inter between lumber prices, housing start relationship s, and timberland values • More C-Level participation from leadi Dr Jeffrey P. Prestemon ng TIMOs including Rock Creek Capi Research Forester, Forestry Sciences Laboratory Capital Partners, Timberland Inve tal, Forest stment Resources and Timberve SRS USDA Forest Service st, to name a few Please do take a few minutes to revie Clark Binkley w the exciting agenda we’ve assem your place at the 7th Timberland bled and then book Managing Director Investment Summit. International Forestry Investment Advisors I look forward to meeting you in sunny Vancouver this June! Peter Barynin Who Wi ll You Meet? Principal Timber Economist RISI Sincerely, ■ 22% TIMOs ■ 16% Paper & Forest Products Companie Aldo de Cresci Neto s ■ 15%Institutional Investors Partner ■ 12%Forest Management Companies FMGCN ■ 10%Hedge Funds & Other Investor Tim Corriero Types Managing Director Toby Donovan ■ 8% Conservation Organizations FIA Timber Partners Program Director ■ 8% Law Firms 7th Timberland ■ 5% Banks Reid Carter Investment Summit ■ 4% Other Managing Partner Brookfield Asset Management Brian Stanton 2 www.TimberlandInvestmentSummit.com | 1-800-882-8684 PhD and Managing Director Tree Improvement for GreenWood Resources
  3. 3. Pre-Conference Workshops Wednesday, June 23, 2010 8:00 – 10:30 Registration at 7:30 (Coffee will be served) A Timberland 101: Gaining Effective Exposure to the Asset Class Timberland is an attractive investment, but it is also strongly knowledge-based: the most 9:00-10:30 Part II: Emerging Opportunities in Timberland Investment successful investors are those who take the time to develop an in-depth understanding of the asset class. For those new to timberland investments, this breakfast workshop will You want me to invest where? Emerging markets in timberland investment. provide you with essential, practical know-how about accessing the asset class, avoiding Reid Carter, Managing Partner, Brookfield Asset Management, will provide an overview common pitfalls, and structuring your investment correctly to maximize returns. of global opportunities to invest in timberland, with an emphasis on the opportunities in emerging markets outside the normal purview of investors with commentary on the 8:00-8:45 Part I: Timberland investment: Why, How, When and Where? advantages and disadvantages of each region. Clark S. Binkley, Managing Director of International Forestry Investment Advisors, LLC, and Can trees really grow that fast? Leveraging forestry technologies to generate higher, internationally known timberland investment expert will review the traditional reasons for more reliable returns. investing in timberland (good returns, low correlation with other assets/diversification, real asset/inflation hedge) with commentary on how these factors have changed, not always Brian Stanton, PhD and Managing Director of Tree Improvement for GreenWood favorably, in the current market. He will also discuss alternative investment vehicles with Resources, will introduce the non-specialist to how tree improvement works, how better the advantages and disadvantages of each. His remarks will include a discussion of where genetics interact positively with better on-the-ground management, and how all of this we are in the investment cycle in the United States and elsewhere. There will be ample translates into higher, more reliable returns for timberland investors. He will provide opportunity for Q&A. examples for several key commercial species grown in the US, Latin America, Australasia and elsewhere. Clark S. Binkley Reid Carter Brian Stanton Managing Director Managing Partner PhD and Managing Director International Forestry Investment Advisors, LLC Brookfield Asset Management Tree Improvement for GreenWood Resources 11:00 – 1:30 Registration at 10:30 (Lunch will be served) B 360º Risk Management for Timberland Investments: Fireproof Your Timberland Investment through Comprehensive Due Diligence and Risk Mitigation Strategies Successful timberland investing requires a comprehensive knowledge of the dangers • Examine the most effective strategies for guarding against each risk – and determine involved – together with a detailed grasp of due diligence activities and risk mitigation which risk mitigation strategies are ineffective, to avoid wasting time strategies. In this workshop, delegates will be taken through the full range of How you will benefit: timberland investment risks, include macro-economic risks, industry specific risks, • Minimize the risks associated with your timberland investing currency risks and forest management risks. • Create strategies for dealing with investment pitfalls – before they occur What you will learn: • Dramatically improve your investment confidence • Gain a detailed understanding of the full range of timberland investment risks, including: Jack Lutz • Macroeconomic risks (GDP changes, credit, real estate) • Industry-specific risks (valuation error, market timing error, etc) Director of Research • Regulatory risks (federal policing, tax changes) FourWinds Capital Management • Currency risks (eg. Unfavorable changes to US-Canadian dollar exchange) About your workshop leader: • Forest management risks (protection against Pine Beetle and fires) Your workshop leader is Dr Jack Lutz, Director of Global Research and Valuations for FourWinds Capital Management, who brings 25 years of timberland investing experience. 2:00 – 4:30 Registration at 1:30 C Strategies for Smaller Investors: How the Little Guys can Beat the Big Guys at Timberland Investing It’s often been said that timberland investing is a game mainly for the institutional players – • Make the most of being a smaller investor those who can buy at significant scales, and diversify among multiple geographies and even • Avoid first-purchase surprises countries. But the fact remains that some of the most successful timberland investors of the Curtis Seltzer last 20 years or so have been much smaller players, and that smaller investors actually have a unique set of their own advantages which few have the expertise to capitalize on. In this Editor, LandThink & Author afternoon workshop, learn how to make the most of being a smaller investor and discover How to Be a Dirt-Smart Buyer of Country Property some of the “dirt-smart” strategies for walking away with sizeable returns! About your workshop leader: What you will learn: Your workshop leader is Curtis Seltzer, who has lived and worked in the country for the • Discover how to identify attractively discounted parcels of timberland better part of 35 years. He has helped clients find and buy timberland (both pine and • Walk away with reliable strategies for valuing smaller timberland tracts hardwoods), farms, development land and conservation property. He is also the widely- How you will benefit: praised author of How to be a Dirt-Smart Buyer of Country Property (2007, Infinity • Remove – as far as possible – the emotion from your investment decision making process Publishing). 5:00 – 7:30 Registration at 4:30 (Dinner will be served) D Tradable Carbon Credits in the Timberland Market: Maximizing Returns from an Alternative Revenue Stream This workshop will cover how agreeing to conserve forest rather than converting forest • Hearing the pros and cons of creating a global umbrella framework for REDD land to other uses may also serve to generate tradable carbon credits. Forest lands under the UNFCCC offer significant opportunities for sequestering carbon as well as limiting additional • Identifying the key funding avenues and finance mechanisms emissions to the atmosphere from forest land conversion. Lloyd Irland What you will learn: Lecturer and Senior Scientist • Examining how to measure forest carbon • Exploring new and emerging domestic and international project opportunities Yale School of Forestry • Analyzing the impact of a globally integrated carbon trading system for forest About your workshop leader: owners and investors Your workshop leader is Dr Lloyd Irland, Lecturer and Senior Scientist at the Yale How you will benefit: School of Forestry. Dr Irland is widely acknowledged to be one of the world’s leading • Getting an essential update on the policy and regulation affecting the timberland sector experts on forestry timberland investment issues, and has more than 30 years’ experience in the sector. Sponsors: 3
  4. 4. Main Conference Day One Thursday, June 24, 2010 “It was a pleasure to participate in the conference. I enjoyed meeting with colleagues in the industry and learned a number of new things. I will look forward to IQPC’s future timberland events!” Chung-Hong Fu, Managing Director, Economic Research & Analysis, Forest Investment Resources 7:30 Registration & Coffee has been complicated by a weakened supply chain which has created the oddly anomalous spectacle of soaring lumber futures. How will 8:30 Chairperson’s Opening Remarks these forces resolve themselves in the short, medium, and long term – and what will be the implications for timberland investments? Keith 8:45 OPENING KEYNOTE ADDRESS: Balter, Senior Economist of Forest Capital Partners and a longstanding After the “Pine Beetle: commentator on the US housing market, will provide meaningful Evaluating the Opportunities for Private insights in the following key areas: Investment in British-Columbian Silviculture • A closer look at the performance of the US housing market IQPC is honored to welcome Pat Bell, the Canadian Minister for over previous decades Forest & Range, as the opening keynote speaker at the 7th • Examining the correlation between housing starts, lumber Timberland Investment Summit. Pat will use his keynote session to prices, and timberland values expound on the topic of opportunities for private investment in • Gauging the future prospects for the US housing market: silviculture in British Columbia following the mountain pine beetle demographics and economics infestation, also focusing on the new timber pricing policy just • Does US housing matter to the US timber market? Housing and announced. market fundamentals Pat Bell Keith Balter Minister for Forest & Range Principal British Columbia Forest Capital Partners 9:30 ANALYST KEYNOTE ADDRESS: 11:45 Taking the Temperature of the North American Inflation, Deflation, and the Threat of “Double-Dip”: Biomass Market Examining the Impact of Possible Economic With a near national consensus on the desirability of renewable Scenarios on Timberland Values energy sources, the biomass market is increasing in size and Timberland’s effectiveness as an inflation hedge is well importance – and with major implications for timberland documented: over the course of the 20th century timberland investors. What are the near-term growth prospects? Longer-term, outperformed inflation by an average of 3.3% a year. But is what proportion of energy needs might theoretically be met by inflation really on the cards? Many economists have argued that woody biomass? deflation is a likelier scenario, and some have raised the (admittedly rather horrible) spectre of a double-dip recession. The • Taking a closer look at the pressures driving the growth of question is: how will timberland values be affected by each of biomass as a fuel source: these scenarios? To what extent should economic uncertainty • The demand for renewable energy sources • The need to reduce energy dependency influence investment strategies in the asset class? IQPC is honored • Federal and state assistance, including BCAP (Biomass Crop to welcome as its keynote speaker Steven Chercover, one of the world’s top forest & paper products analysts, who will focus on: Assistance Program) • Understanding how the biomass market varies on a state-by- • Examining the inflationary pressures in the US economy: dollar state basis weakness and expanded monetary supply • How the growth in the biomass market affects the overall • Examining the deflationary pressures: Widespread credit supply-demand equation for timberland contraction and unemployment increases • Indicators as to whether inflationary or deflationary pressures Peter Barynin will triumph over the next few years Principal Timber Economist • Understanding how timberland values respond to inflationary, RISI deflationary, and recessionary pressures – and what each of the scenarios will mean for a given portfolio 12:30 Networking Luncheon Steven Chercover 1:45 Factors Affecting North American Supply: Senior Research Analyst Mountain Pine Beetle, Harvesting Trends, and D. A. Davidson & Co the Health of the Supply Chain Several factors are complicating North American supply-side 10:15 Morning Networking Break dynamics. On the one hand, due to harvest delays, stumpage levels are at an all-time high, and some commentators have 11:00 The US Housing Market: speculated on the possibility of a supply-side glut if demand Understanding the Future Prospects for the returns and everyone harvests at the same time. On the other Major Driver of Future Timberland Demand hand, the supply chain is weakened. How effectively and quickly For a timberland discussion to be meaningful, the US housing market can harvesting actually take place, even if the will is there? And is the 8,000 pound gorilla in the room that needs to be addressed. finally, the Mountain Pine Beetle continues to lay its disruptive Weakness in the US housing market has traditionally been a larvae in the middle of the supply side equation. Brendan Lowney depressive influence on the lumber market, but recently the situation and Rocky Goodnow – two leading experts in North American 4 www.TimberlandInvestmentSummit.com | 1-800-882-8684
  5. 5. supply-side dynamics – will look at this key issue from a number Chung-Hong Fu of directions, including: Managing Director, Economic Research & Analysis Forest Investment Resources • Examining the impact of Pine Beetle infestations on North American inventories Jack Lutz • Understanding the effect of the economic downturn on the Director of Research health of sawmills and logging companies FourWinds Capital Management • Quantifying the extent of harvest delays on overall stumpage levels: Will the net consequence of an uptick in demand be a Joel Shapiro glut of supply? CEO • Forecasting the impact of regulatory changes on supply dynamics Timbervest Brendan K Lowney Jamie Greenough Principal, Macroeconomics Broker & Analyst Forest Economic Advisors LLC Global Securities Corp Rocky Goodnow 3:15 Afternoon Networking Break Director, Timber Forest Economic Advisors LLC 4:00 Interactive Roundtable Discussions: The timberland landscape is fragmented and complicated, with a 2:30 Timberland Values: variety of attractive investment destinations competing for the Time to Buy or Time to Sell? attention of the investor. In this exciting, interactive conference With so much economic uncertainty and so many conflicting session, we ask 5 leading TIMOs to nominate their top investment variables, the future of timberland values may well seem opportunity, and share the reasons for their selection with an impossible to predict. But for timberland investors the stakes (and intimate group of delegates from the audience. the rewards) are high, and it’s essential that decisions are made with the full complement of available insight. For this extended Places on each roundtable will be awarded on a first-come, first-served panel session, we bring together four heavyweight timberland basis – so make sure you book early to be sure of your first choice! thinkers to roll up their sleeves and get deep into the topic. A must attend panel for any serious timberland investor. Investment Opportunities in Brazilian Timberland • What determines the price of timberland? Getting to grips with Aldo de Cresci Neto the full range of contributing factors Partner • Examining the historical price record: Do timberland values FMGCN move in cycles? • A closer look at the prospects for paper, pulp, packaging, wood Unlocking Liquidity in Timberland Investments products – both internationally and at home David Branch • Incorporating supply issues into the value equation: How Managing Director capable is the North American productive base of responding to John Hancock Financial Services demand? What are the implications for timberland prices? • Making an informed decision about whether timberland values 5:00 End of Main Conference Day One are currently near a top, representing a selling opportunity, or near a bottom, representing a buying opportunity Main Conference Day Two Friday, June 25, 2010 8:30 Pension & Endowment Fund Think Tank 9:00 Registration & Coffee - 9:30 By Invitation Only 9:40 Chairperson’s Opening Remarks The Pension & Endowment Think Tank is an hour long discussion mini-track limited to 15 participants from pension and 9:50 KEYNOTE ADDRESS: endowment funds. There are two levels of participation: You can The Changing Investment Landscape: be among a select group of leaders that will bring to the forefront Does the TIMO or the REIT Own the Future? one topic of interest or challenge you are facing right now. Or You asked us to bring back Joel Shapiro. We listened – and you can be an attendee and take advantage of an exclusive awarded him his own keynote address on the future of the networking opportunity that is focused on your specific needs. timberland investments space! This unmissable session will delve Attendance is strictly limited to pension and endowment funds, deep into the factors currently affecting change in the timberland and all discussions are off-line and off the record. Key discussion landscape, including considerations on the structures that will areas will include: dominate the future and the ongoing dynamic between TIMOs • Portfolio optimization strategies Back by and REITs. Specific focus areas will include: • Market timing and access strategies Popular • Evaluating the pros and cons of TIMOs and REITs • Comparisons with other alternative asset classes Demand! • Liquidity considerations • Risk management for timberland investments • Taxation considerations • Appropriateness of each structure for differing investment Pension funds confirmed (as of 02/19/10) include: Mass- PRIM, Dallas Police & Fire Retirement System, APG, TIAA- horizons CREF & CPP Investment Board • Examining the factors that will determine whether the TIMO or REIT structure stands to benefit in the future Joel Shapiro CEO Sponsors: Timbervest 5
  6. 6. 10:35 International Trends in Timberland Investments 1:15 Networking Luncheon The 7th Timberland Investment Summit is focused on North American investment opportunities. Nevertheless, the audience is 2:15 Maximizing Returns from “Higher Better Use” international in outlook, and there is strong interest in the global Land picture for timberland investments. Dennis Neilson of DANA – who Despite (at the time of writing) soaring lumber futures, the long- has made a name for himself in recent years by publishing the term prospects for timber prices remain uncertain – and many industry’s pre-eminent report on timberland markets globally – will investors continue to look seriously at alternative strategies for present the findings of his latest study, with a particular focus on: extracting value from their timberland assets. HBU – Highest Best Use – a broad term which encompasses numerous alternative • The size of institutional investment – North America versus revenue streams, is well understood – but what’s less well international understood is precisely how landowners should go about setting • Historical trends of international investment – scale and players up alternative revenue streams, which streams they should • New international investment trends – the sizzle countries and prioritize, and how they should be maximized. Steven Diebenow outlook is one of the world’s top experts in this niche field, and in this • Changing investment return targets session he will deliver strategies for: • International country risk analysis • Examining the benefits of designating and identifying HBU land Dennis Neilson • Understanding the most effective valuation techniques for HBU Director land DANA • Prioritizing HBU land: A rural real estate analysis to determine which variety of HBU will be most valuable 11:20 Morning Networking Break • Incorporating HBU land into your portfolio strategy 12:05 Reassessing the Role of Timberland within Steven Diebenow Institutional Portfolios: Principal A Comparison with Alternative Asset Classes Rock Creek Capital IQPC is honored to unveil its largest and most significant investor roundtable ever – with senior decision-makers confirmed from 3:00 Exploring the Economics of Harvest Timing: Mass-PRIM, APG, TIAA-CREF, CPP Investment Board, and Dallas Is Conventional Wisdom Accurate in the Current Police & Fire Retirement System. This extended panel discussion Environment? will cover all aspects of the asset class from the viewpoint of The conventional wisdom of industrial timberland management is institutional investors, including its suitability as an inflation that when timber prices are weak, managers maximize value by hedge, its role within an alternatives portfolio, and the most harvesting the minimum amount of trees possible, deferring effective diversification strategies within the asset class itself: further harvest until timber prices recover. The presumption is that future value – driven by continued biological growth plus higher • A closer look at the attractiveness of timberland from an future timber prices – will more than make up for the weak institutional perspective: • Biological growth current cash yields resulting from minimal harvest operations • Inflation hedging today. This strategy appears to be widely followed by timberland • Low volatility managers during the current period of weak timber prices. • Reduced stock market correlation In this continuing extraordinary timber price environment, • Considerations on the size of timberland allocation within an however, it is appropriate to ask: under what set of circumstances institutional portfolio might the conventional wisdom to defer harvests fail to maximize • Diversification strategies within the timberland allocation: value? Might the unusual distress of the recession and its profound determining the optimal mix of geographies, species-types, and impact on timber prices suggest a different approach to harvest management styles timing? Is there a contrarian opportunity to accelerate harvesting, • Institutional risk management strategies for timberland maximizing current cash flow in exchange for reduced future investments potential value? Does the duration of low timber prices suggest that cutting now might be better than waiting it out? Tim Schlitzer Senior Investment Officer, Real Estate and Timberland Tim Corriero Massachusetts PRIM Board Managing Director FIA Timber Partners Colin Carlton VP, Investment Research 3:45 When Models Disagree: Canada Pension Plan Investment Board Examining the Extent and Implications of Gerald Brown Conflicting Forecasting Models Chairman • Dissecting forecasting models: how they work, the assumptions Dallas Police & Fire Pension System they make, how accurate are their predictions • Understanding the extent to which timberland forecasting Sue Ryan Goodman models disagree: Quantifying the financial implications of Portfolio Manager, Real Estate & Timber conflicting models APG Asset Management • Comparing current forecasts for major North American timberland regions: SE, NE, West Coast & Canada, etc. Sandy LaBaugh • Examining strategies for reconciling differences between Director, Alternative Investments forecasts TIAA-CREF • Where do the forecasts agree that timberland investing looks promising, unpromising and unknowable going forward? Dr Jeffrey P. Prestemon Research Forester, Forestry Sciences Laboratory SRS USDA Forest Service 4:30 End of Conference 6 www.TimberlandInvestmentSummit.com | 1-800-882-8684
  7. 7. Registration Information Team Discounts: For information on team discounts, please contact IQPC Customer Pricing Register By Register by Register by Standard Service at 1-800-882-8684. Only one discount may be applied per registrant. March 26, 2010 April 23, 2010 May 21, 2010 Price Special Discounts Available: A limited number of discounts are available for the Conference Only (save $900) (save $600) (save $300) non-profit sector, government organizations and academia. For more information, $999 $1,299 $1,599 $1,899 please contact customer service at 1-800-882-8684. Conference (save $1,000) (save $600) (save $300) Details for making payment via EFT or wire transfer: + 1 Workshop $1,448 $1,848 $2,148 $2,448 JPMorgan Chase - Penton Learning Systems LLC dba Conference (save $1,000) (save $600) (save $300) IQPC: 957-097239 + 2 Workshops $1,997 $2,397 $2,697 $2,997 ABA/Routing #: 021000021 Reference: Please include the name of the attendee(s) and the event number: All-Access Pass: (save $1,000) (save $600) (save $300) 10683.006 Conference + $1,999 $2,399 $2,699 $2,999 all 4 workshops Payment Policy: Payment is due in full at the time of registration and includes lunches and refreshment. Your registration will not be confirmed until payment is Workshop(s) Only $549 each $549 each $549 each $549 each received and may be subject to cancellation. For IQPC’s Cancellation, Postponement and Substitution Policy, please visit Please note prices are in Canadian Dollars and are subject to a 5% GST. www.iqpc.com/cancellation Please note multiple discounts cannot be combined. Special Dietary Needs: If you have a dietary restriction, please contact Customer A $99 processing charge will be assessed to all registrations not accompanied by credit card payment at Service at 1-800-882-8684 to discuss your specific needs. the time of registration. ©2010 IQPC. All Rights Reserved. The format, design, content and arrangement of MAKE CHECKS PAYABLE IN CANADIAN DOLLARS TO: IQPC this brochure constitute a trademark of IQPC. Unauthorized reproduction will be actionable under the Lanham Act and common law principles. * CT residents or people employed in the state of CT must add 6% sales tax. Sponsorship And Exhibition Opportunities About the Venue Sponsorships and exhibits are excellent opportunities for your Pan Pacific Hotel Vancouver company to showcase its products and services to high-level, targeted 300 – 999 Canada Place, Vancouver, BC V6C 3B5 decision-makers attending the 7th Timberland Investment (604) 662-8111 • www.PanPacific.com/Vancouver Summit. IQPC and Finance IQ help companies like yours achieve important sales, marketing and branding objectives by setting aside a IQPC has secured a special group rate for 7th Timberland Investment Summit limited number of event sponsorships and exhibit spaces – all of participants at the Pan Pacific Hotel of $229 (16.5% taxes) per night. For which are tailored to assist your organization in creating a platform to reservations, please contact the Pan Pacific directly at 604-662-3223 or maximize its exposure at the event. 1-800-663-1515 (Canada) or 1-800-937-1515 (USA). Identify you are part of the IQPC – Timberland Investment Summit to ensure the special rate. Please For more information on sponsoring or exhibiting at the 7th make your reservation before June 2, 2010 in order to ensure you are eligible Timberland Investment Summit, please contact Mario Matulich for the group rate. Note that you are also eligible for this rate three day prior at 212-885-2719 or sponsorship@iqpc.com. and three days post the event based on availability. Sponsors: Borden Ladner Gervais LLP (BLG) is Canada’s largest full- plantations of teak in the West and plantations of Eucalyptus and Pinus in service law firm. With more than 750 lawyers, intellectual the Northeast, Southeast and South). Website: www.fmgcn.com.br property agents and other legal professionals in six offices, BLG provides corporate, litigation and intellectual property solutions RISI's mission is to create the highest quality information to a wide range of clients nationally and internationally. As a for and about the global forest products industry and bilingual English-French firm, BLG excels under Canada’s deliver it to customers as part of value-added solutions. common and civil law systems. BLG’s leading forestry law We work with clients in the pulp and paper, wood practice includes extensive experience in all facets of forestry law, including products, timber, tissue and nonwovens industries to help them make better regulatory, M&A, financing, environmental, trade and Aboriginal issues. business decisions. Website: www.risiinfo.co Team members have acted for private and public forestry companies as well as the provincial and federal governments in a wide range of forestry law To meet your financing needs, JOHN HANCOCK’S matters and transactions. NATURAL RESOURCES TEAM combines outstanding expertise in global oil and gas and forest products FLEURY MALHEIROS, GASPARINI, DE finance with extensive knowledge and exceptional access to global CRESCI E NOGUEIRA DE LIMA corporate bond markets. John Hancock is the sole insurance company ADVOGADOS is the law firm in Brazil that lender combining natural resources and corporate bond professionals into formed a team of lawyers with over 7 years one group. Our team members have direct oil, gas, and forest industry of experience in various types of timberland investments in Brazil experience and our investments include timberland mortgages, private and (sustainable use of natural forests in the North of Brazil, development of public bonds, mezzanine debt and private equity. Media Partners Sponsors: 7
  8. 8. 535 5th Ave, 8th Floor • New York, NY 10017 7th Timberland Investing World Summit June 23rd-25th; Vancouver, British Columbia Priority Code: #NAD/NC Please complete registration form & return to: Nigel Cummings Tel.: 646-253-5526 Fax: 212-697-4106 E-mail: nigel.cummings@iqpc.com VENDOR PRICING Register & pay Register & Register Standard by March 26th pay by April and pay by Price 23rd May 21st Conference only Save $900 Save $600 Save $400 $1899 $999 $1299 $1599 Conference +1 Workshop Save $1000 Save $500 Save $300 $2448 $1448 $1848 $2148 Conference +2 Workshops Save $1000 Save $600 Save $300 $2997 $1997 $2397 $2697 Save $1000 Save $600 Save $300 $2999 All Access Pass $1999 $2399 $2699 Workshops $549 $549 $549 $549 Please register us to attend as detailed below: Company: Address: Direct Phone: Fax: E–Mail: Delegate Name: Title: Workshops: Amount: Total: Payment will be made by: [ ] VISA [ ] AMEX [ ] MasterCard Card No: Expiration Date: Name of Cardholder: Signature: Team Discounts Available! ** Teams must register at the same time to receive discounts 3+ delegates – 10% 5+ delegates- 15% Discounts can not be combined.

×