Strictly confidential

Moringafund | A Sustainable Agroforestry Fund
Agroforestry systems risk/revenue balance: an investo...
WAC | introduction
 Agroforestry is a promising path to answer the growing need for
agricultural and timber products, whi...
Moringa | in a nutshell


Mission



Objectives




Strictly confidential




Key strengths





Moringa is a su...
Moringa | developing agroforestry models
Sylvopastoralism

Coffee under shade

Acacia intertwinned with cassava

Strictly ...
Moringa | developing outgrower models
 A small nucleus plantation
 Smallholders interested in
increasing their incomes

...
Agroforestry | an investor’s point of view

Strictly confidential

 Better risk mitigation in
the short and long run,
div...
Agroforestry |main barriers faced
 Industry is largely specialized and segmented, dominated by the
monoculture pattern (n...
Strictly confidential

Thanks for your attention !
Clément Chenost c.chenost@moringapartnership.com
Disclaimer

La Compagnie Benjamin de Rothschild and ONF International make no representation regarding the accuracy, relia...
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Session 5.2 Moringafund | A Sustainable Agroforestry Fund Agroforestry systems risk/revenue balance: an investor’s point of view

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Session 5.2 Moringafund | A Sustainable Agroforestry Fund Agroforestry systems risk/revenue balance: an investor’s point of view

  1. 1. Strictly confidential Moringafund | A Sustainable Agroforestry Fund Agroforestry systems risk/revenue balance: an investor’s point of view World Agroforestry Congress – Clément Chenost February 2014
  2. 2. WAC | introduction  Agroforestry is a promising path to answer the growing need for agricultural and timber products, while preserving the environment and enhancing the livelihood of farmers  To be competitive and replicated, agroforestry needs further technical improvements (R&D), better access to market, and long term investments (among others) Strictly confidential  Moringa fund was developed by several public (AFD, CAF, ONFI), and private institutions to upscale successful pilot projects and unlock the potential of agroforestry  This presentation presents key arguments developed by Moringa to convince investors and main barriers faced LA COMPAGNIE BENJAMIN DE ROTHSCHILD | ONF INTERNATIONAL | MORINGA 2
  3. 3. Moringa | in a nutshell  Mission   Objectives   Strictly confidential   Key strengths    Moringa is a sustainable agro-forestry fund with a target size of €100m Geography: Latin America and Sub-Saharan Africa Develop sound agroforestry projects providing a reasonable commercial return to its investors Have a positive environmental impact (climate change mitigation and adaptation, soil improvements, biodiversity conservation, etc.) Improve the livelihoods of farmers and local communities A >€50m first closing achieved with 8 investors Core team boosted by two complementary partners: La Compagnie Benjamin de Rothschild and ONF International A strong field presence and network A well defined pipeline A TA facility and science partners (ICRAF, CIRAD, IRD) LA COMPAGNIE BENJAMIN DE ROTHSCHILD | ONF INTERNATIONAL | MORINGA 3
  4. 4. Moringa | developing agroforestry models Sylvopastoralism Coffee under shade Acacia intertwinned with cassava Strictly confidential + < Global profitability Social benefits Environmental impacts LA COMPAGNIE BENJAMIN DE ROTHSCHILD | ONF INTERNATIONAL | MORINGA Examples of biological interactions :  Better use of sun light  Better use of water  Biological regulation of pests 4
  5. 5. Moringa | developing outgrower models  A small nucleus plantation  Smallholders interested in increasing their incomes Strictly confidential  A plant to process their products and improved logistics / access to market  Quality of the relationship between the farmers, their organization and the company is crucial LA COMPAGNIE BENJAMIN DE ROTHSCHILD | ONF INTERNATIONAL | MORINGA 5
  6. 6. Agroforestry | an investor’s point of view Strictly confidential  Better risk mitigation in the short and long run, diversification of revenues and outlets, better resilience of investment Timber plantation Mono culture Profitable & sustainable agroforestry Environmental services Agroforestry synergies Cash crops Food crops Soy, etc. Eucalyptus, etc. Environmental risks: Timber, biomass… from mixed species Env. risks soil exhaustion, fire, wind, pests Project risks  Higher profitability in the long run Long term revenues Increased and diversified revenues Social risks: Social risks food competition,eviction of communities Market risks Market risks: Reg. risks Price volatility Regulatory risks: Tech. risks Local & International Technical risks Reduced risks LA COMPAGNIE BENJAMIN DE ROTHSCHILD | ONF INTERNATIONAL | MORINGA 6
  7. 7. Agroforestry |main barriers faced  Industry is largely specialized and segmented, dominated by the monoculture pattern (need changing consciousness)  Complexity of projects to be better known and managed (need communication, further R&D) Strictly confidential  Investors need examples and success stories : a “track record” of agroforestry projects  Moringa is an innovative tool if proven to be successful could participate in the mobilization of long term capital for sustainable agroforestry LA COMPAGNIE BENJAMIN DE ROTHSCHILD | ONF INTERNATIONAL | MORINGA 7
  8. 8. Strictly confidential Thanks for your attention ! Clément Chenost c.chenost@moringapartnership.com
  9. 9. Disclaimer La Compagnie Benjamin de Rothschild and ONF International make no representation regarding the accuracy, reliability or legality of the information contained in this document. Past performance is not a guarantee of future returns. The value of investments may fall as well as rise. In addition, the contents of this document are not intended to constitute financial advice and readers thereof should consult their legal and/or financial advisers before concluding any transaction on the basis of the information contained herein. Strictly confidential The project information presented in this document are based on the documentation given by the project operator to ONFI. It has thus not yet been tested and analyzed by the Investment Advisor. The numbers presented are based on an average scenario. This document does not constitute an offer or solicitation for any services or products in any jurisdiction in which such offer or solicitation is not authorized. Any entity or person should make its own assessment in light of the laws and regulations applicable to it as to whether it is authorized to access the information and/or products to which this document refers and otherwise refrain from doing so. La Compagnie Benjamin de Rothschild and ONF International shall in no event be liable for any damages arising out of or in connection with the reliance on the information contained in this document. This presentation is subject to French law, with exclusive jurisdiction in France. LA COMPAGNIE BENJAMIN DE ROTHSCHILD | ONF INTERNATIONAL | MORINGA 9

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