Klaus Tichauser

leading social investments

responsAbility Social Investments AG

From today’s impact to

tomorrow’s growth

Klaus Tischhauser,

Co-Founder and CEO

TBLI Conference Europe 2010 London, November 12, 2010

2responsAbility Social Investments AGwww.responsAbility.com

How responsAbility defines Impact Investing

Multinational Companies

Corporate Finance

Small & mediumenterprises

SME Finance

Micro-business

Microfinance

Poorest of the poor

Aid

Housing EnergyFood Health ITC FinanceWater


The Poverty Premium„being poor is expensive“

New: economic, financial view of poverty

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Problem: no access or insufficient, expensive access to services, goods, information and markets

Poverty premium, the basis for commercial solutions

Access to customized solutions for financial services, energy, health, etc.

Impact PotentialsresponsAbility‘s investment themes

Financial services Microfinance

Energy Rural electrification

Food/Agriculture agricultural value chain, Trade, Fair Trade

Education Private schools (Primary/Secondary)

Health Use of technology

ICT revolutionary BOP-Business model



Investment example: responsAbility Ventures I Water efficient and low cost irrigation

Delivering simple, low-cost, highly efficient

irrigation solutions to small farmers

Income increase through increased crop yields

and water savings

Technology adapted to the needs, environment,

affordability and abilities of small farmers

Active in India and China

Looking for equity to finance expansion

Company overview


Investment example: responsAbility Ventures ILow cost primary education

Provision of high quality, low cost primary

education at less than 4 USD/month

Company founded in 2007 by three US

entrepreneurs, 12 schools as of Q1 2010

Based on a ‘school in a box’-franchising model:

local managers operating schools on extremely

low-cost, but profitable basis

Access to affordable primary education, higher

school enrollment for girls due to low fees

Company overview

Investment example : responsAbility BOP Investments

Production facilities and laboratory of Vitalait


Processes milk to produce various dairy products including UHT milk, yoghurt and butter

Based in Mahdia, Tunisia (founded in 1997)

Current market share of 22% (milk), 16% (yoghurt)

Growth rate: ø 20% p.a. (12/07 - 06/10)

Employees: 216 at time of investment (Dec 2006), currently 350

Vitalait is expanding its product of fresh products and develops new product lines (e.g. desserts)

Exit options include sale to an international dairy corporation

Company overview

Investing in Impact attracts investors and pays offDevelopment of Fund Volume and NAV per shareof the responsAbility Global Microfinance Fund


responsAbility’s range of impact investmentsVarious topics in different asset classes

Microfinance Fair tradeSmall & medium

enterprises

fixed income

responsAbilityGlobal Microfinance Fund

responsAbilityMedia Development

Basket (Voncert)

responsAbility Mikrofinanz-Fonds

mixedresponsAbility

Microfinance LeadersresponsAbilityFair Trade Fund

responsAbilityVentures I

equityresponsAbility

Microfinance Private Equity

responsAbilityBOP Investments

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responsAbility Social Investments AG www.responsAbility.com

responsAbility Social Investments AGGlobal reach of responsAbility

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responsAbility offices

responsAbility Social Investments AG www.responsAbility.com

responsAbility investments

Barriers

Transaction cost

Regulation



Legal disclaimerThis document was produced by responsAbility Social Investments AG (hereinafter “responsAbility”). The information contained in this document (hereinafter “information”) is based on sources considered to be reliable, but its accuracy and completeness is not guaranteed. The information is subject to change at any time and without obligation to notify the investors. Unless otherwise indicated, all figures are unaudited and are not guaranteed. Any action derived from this information is always at the investors’ own risk. This document is for information purposes only and not an official confirmation of terms. The value of an investment and any income from it is not guaranteed. Changes in the assumptions may have a substantial impact on the return. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of shares. The information does not release the recipient from making his/her own assessment. In particular, the recipient is advised to assess the information, with the assistance of an advisor if necessary, with regard to its compatibility with his/her own circumstances in view of any legal, regulatory, tax, and other implications. Investments held by the financial product described in this document are associated with a higher risk than investments in more developed markets or countries. responsAbility and/or the members of its board of directors and employees may hold shares in the financial product (or any related investments) mentioned in this document and may add or sell these positions from time to time. Additionally, the members of the board of directors and employees of responsAbility may serve as members of boards of directors of the investments in which the financial product is invested. This document is expressly not intended for persons who, due to their nationality or place of residence, are not permitted access to such information under applicable law. The responsAbility Global Microfinance Fund (hereinafter “Fund”) is a collective investment scheme subject to Luxembourg law, which is authorized to operate in Switzerland as a foreign collective investment scheme with increased risk. The Fund invests its assets in securities with which financial service companies in less developed countries are financed and/or refinanced. Investors are expressly made aware of the risks described in the prospectus and the lower liquidity and greater difficulty in determining the value of the Fund’s investments (which are generally unlisted and not traded), and must also be prepared to accept substantial price losses including the entire loss of their investment. The risks inherent in the Fund cannot be compared with other funds which invest in debt instruments of issuers in developed countries. Units in the Fund should therefore account for only a small portion of an investor’s portfolio and should be held as part of a broadly diversified portfolio. The management company and the investment advisor, however, will seek to minimize the risks by a strict selection of investments and appropriate diversification. The representative of the Fund in Switzerland is Credit Suisse Asset Management Funds, Zurich. The paying agent in Switzerland is Credit Suisse, Zurich. Subscriptions are only valid on the basis of the current sales prospectus and the most recent annual report (or semi-annual report, if this is more recent). The prospectus, the management regulations and the annual and semi-annual reports may be obtained free of charge from Credit Suisse Asset Management Fund Service in Zurich, and from any distribution partner. This document may not be reproduced, stored in a retrieval system or transmitted, in part or in full, in any form or by any means, whether electronically, mechanically, photocopied, recorded or otherwise, without the prior written consent of responsAbility. Additional information is available upon request. © Copyright responsAbility Social Investments AG, 2010. All rights reserved.

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Economy & Finance

Klaus Tichauser