Flourishing in the Storm - Real Producing Assets

Transcription

1 Flourishing in the Storm - Real Producing Assets Live and Invest Overseas Emergency Offshore Summit Panama,September 2011

2 What Does This Mean to You?

3 A Little History... Currency From To Amount Peso Peso Ley zeros Peso Argentino ,000, zeros Austral ,000,000, zeros Peso (Convertible) 1992 ongoing 10,000,000,000, zeros Total: 13 zeros

4 In Difficult Times... Make sure you have a pleasant place to stay (Viable Plan B) Diversify geographically - NOW Don't leave liquid assets at the reach of the looters Diversify geographically - NOW Prefer producing to purely speculative assets Double check that you aren't thinking it can't happen here

5 What Does This Mean to You?

6 What Does This Mean to You?

7 Ushay Creates Wealth by - Real producing assets hedge against inflation and exchange volatility - Avoiding leverage = assets not at risk - That produce revenue streams, with value coming from production - Having the right team on the ground - Choosing optimal property location for great capital gain potential - Insisting on at least IRR 12% conservatively projected at current prices - Creating standalone projects, with aligned interests - Fun, beautiful, and environmentally friendly - Realistic exit strategy

8 Business Areas - Timberland - Vineyards - Agriculture - Real Estate Development - Construction

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11 Forestry - Puerto Yerua 178 acres 2003 Sold times capital after tax (IRR 17%) paid out. - El Plata 255 acres 2004 Growing. Projected IRR > 12% - Estancia La Negra 4,000 acres 2005 Growing. Projected IRR > 15% (*) - La Negrita 1,600 acres 2007 Growing. Projected IRR > 15% (*) - El Carrizal 1,400 acres 2009 Planting and Growing. Still open for investment. Projected IRR > 12% (*) Includes a lakefront real estate development

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13 Vineyard - Los Arbolitos Vineyard 1,010 acres 2006 Four capital rounds 2006 at USD 26,000 per unit 2007 at USD 30,000 per unit 2008 at USD 33,000 per unit 2009 at USD 37,000 per unit. Current price transacted March 2011 USD 45,000 per unit Planted: 2007 planted 122 acres harvested 2nd 2008 planted 201 acres harvested 1st 2009 planted 150 acres 2010 planted 153 acres To be completed in 2011 Expected current revenue per unit in full production > 15%

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15 Agriculture Plata Agfund SRL Uruguayan Partnership leases and farms land Expected Annual Return > 20% High volatility 2012 Incorporating Argentina

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17 Construction Argentina Libertador apartment building 2007 Completed, sold and distributed ROI 18% Marinas de San Fernando apartment building 2008 Construction completed, 60% sold. Expected ROI 20% Soler Fierro Hotel 2009 Opened Sep. 30, Cash Flow positive, expected current revenue > 15% PA TripAdvisor ranks hotel 4/415 and restaurant 1/705 in Buenos Aires Uruguay Montevideo Ciudad Vieja 2010 refurbishment for office lease and resale Fully Subscribed, in construction. Expected rental revenue 12% Montevideo Carrasco 8 Luxury condos for residency or rental. In construction. Expected rental revenue > 8%

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19 Real Estate Development Mendoza La Morada de los Andes Infrastructure vineyard-front mountain view residential lots Club house, pool, tennis courts Access to golf course Private vineyard and winery (not-commercial) Property management 0.6 acres lots starting at USD 79,000, 2 year interest free finance Turnkey construction approx. USD 150 per sq.ft. Corrientes Estancia La Negra Infrastructure 2011/ lakefront lots Club house, tennis courts, polo field Property management 1.2 acre lots starting at USD 50,000, 2 year interest free finance Turnkey construction approx. USD 140 per sq.ft.

20 What's Open? Timberland available approx USD 400,000, min. USD 50,000 Vineyard available approx USD 450,000, min. USD 45,000 La Morada Fund: Finance vehicle for development - available approx USD 850,000, min. USD 100,000 Plata Agfund SRL, farming - available, possibly, USD 100,000, min USD 100,000 Residential Lots in La Morada de los Andes - available starting at USD 79,000, 0% finance over 2 years Edificio Galt, Montevideo in construction, preparing offer Edificio Serenoa, Montevideo in construction, preparing offer

21 More Meet us at our booth at 6:30 PM today for a breakout session dealing with each project, your questions and any other matter you would like that we address. Thank you very much. For more information: rosberg@ushay.com