The Timeless Uranium Fund MANAGED BY

Transcription

1 The Timeless Uranium Fund MANAGED BY

2 Disclaimer This presentation is issued by Timeless Asset Management Ltd, having a registered address at 6, Market Street, Floriana FRN 1082, Malta. Timeless Asset Management is licensed and regulated by the Malta Financial Services Authority having a Cat II de minimis license. This presentation document and any of its contents are intended for information purposes only and none of its contents should be taken as financial advice. The Timeless Uranium Fund SICAV is a retail non-ucits fund registered in Malta and regulated by the MFSA. Timeless Asset Management is the appointed investment manager of the fund. The fund s custodian is Bank of Valletta. The Fund s administrator is Valletta Fund Services. Before any investment decision is made, the company urges the potential investor to read and understand the prospectus of the fund which is available for free from This would help the potential investor to have a better understanding of the specific risks involved in this fund. Furthermore, independent financial advice is also recommended to be sought. Any charts within this presentation refering to past and future potential performance should not be relied on as an indication to actual future performance. Past performance is not a guarantee of future performance. The value of the investment may go up as well as down and the capital is not guaranteed. The investment is subject to fees and charges please refer to the prospectus or speak to the investment manager for more information. Timeless Asset Management Ltd and the fund do not guarantee the accuracy of the contents of this presentation and accept no liability whatsoever as a results of decisions taken which may be partially or fully based on this presentation.

3 NUCLEAR POWER THE BEST SOLUTION 2 billion of the world s population of 7 billion lack access to electricity Nuclear power provides non-polluting 24/7 baseload energy Zero carbon emissions, safe, clean, reliable and affordable. Over 440 existing nuclear plants Emerging economies require an energy mix of nuclear, coal, gas and renewables to meet their growing 24 hour power requirements to have healthcare, education, transportation and communication systems

4 Why Nuclear Power? Why Uranium? Growth Industry By Any Measure 448 operable reactors in 30 different countries (24/7 base load power). Generation Capacity: 374,067 MWe. Annual Uranium Demand: 64,978 tonnes U 64 reactors under construction of which 22 reactors are to be built in China. Generation Capacity: 74,886 MWe. Annual Uranium Demand: 13,000 tonnes U 173 reactors on order or planned. Generation Capacity: 187,740 Mwe. Annual Uranium Demand: 32,600 tonnes U

5 China Accelerating Nuclear Growth Plans Current China Nuclear Growth Plan: - 31 GWe installed (30 units operating) - 58 GWe 2020, and 160 GWe by 2040 Breaking ground on 6-8 new units per year (increasing to 10 per year post-2020) Air Quality Imperative scuttling of 85 coal-fired power stations and investing US$ 365B into renewable energy, including nuclear

6 India Accelerating Nuclear Growth Plans 1/3 of population doesn t have electricity 2/3 electricity provided by coal Per capita electricity use to double by 2020

7 Russia Accelerating Nuclear Growth Plans Currently 34 reactors operating, 9 under construction and 31 planned Export reactors: construction 22 units abroad and will fuel them Control significant amount of global primary mine supply as well a enrichment capacity

8 Nuclear Power in the United States Continued Strong Reliance on Nuclear Power 100 operating reactors 20% of the nation s electrical energy 62% of the nation s carbon-free electricity 4 new reactors under construction 10 New Reactors in Advanced Licensing or Planning

9 Japanese Recovery is Progressing NRA has received 25 reactor restart applications 7 reactors approved for restart 5 reactors have started Government approved plans are for 20% -22% from nuclear power

10 Projected Nucler Electricity Generation in Selected Regions ( ) Trillion kilowatthours

11 Uranium Price History NRA has received 25 reactor restart applications 7 reactors approved for restart 5 reactors have started Government approved plans are for 20% -22% from nuclear power

12 Post Fukushima - Uranium Sector Still Faces Supply/Demand Imbalance

13 URANIUM PRICES AT CURRENT LEVELS ARE UNSUSTAINABLE No producer on the planet is covering all production and operating costs at current spot price More production is likely to be shuttered with current market prices well below cost Producer contracts ending will not be replaced at previous pricing 7 to 10 years required for new project development

14 The One Billion Pound Question Over the next 10 years - utilities will need to purchase ~ 1 Billion pounds of U3O8

15 The Inevitable Supply Crunch Demand is expected to outpace total uranium supply by 2018/2019 when nuclear utilities will have to either turn off reactors (challenging and expensive) or pay higher prices for nuclear feed.

16 Supply Risk Geopolitical Risk Rising Nuclear utilities globally are depending heavily on high risk sovereign jurisdictions to procure nuclear feed. Normalized market will see better diversified uranium sources from stable jurisdictions.

17 Why Invest in Uranium Companies?

18 Why Invest in The Timeless Uranium Fund?

19 Timeless Uranium Fund Diversified Allocation Companies in the Fund trade on stock exchanges in Europe, North America, & Australia, consisting of: Physical uranium (Uranium Participation Corp. - holder of nuclear fuels) Senior uranium producers/traders Mid-tier uranium producers Uranium developers and explorers Other Projects held by investee companies are in different stages along development track and found in multiple countries.

20 How to invest? The Fund is priced weekly on a Wednesday. The Fund is denominated in Euro. The minimum investment is EUR 5,000.- The Fund s subscription form may be downloaded from You may subscribe through your bank or in your name at BOV Fund Services Limited, TG Complex, Suite 2, Level 3, Triq il-birrerija, Birkirkara BKR 3000, Malta Alexandra Attard (alexandra.attard@bov.com), T: (356) ISIN MT , CH Valor Alternatively contact Timeless Asset Management Ltd on or Please read the prospectus on before any investment decision is made!

21 Who is Who?