1 Impact Investing A leader in Impact Investment FT - EMPEA 28 October, 2015 Vital II – Introduction – ID15RF07_07 profit & purpose

VITAL CAPITAL FUND 22 2 Investments Profiles Private Medical CenterAgri-Industrial Centre Sector Health CareAgriculture Geography West-Africa Investment size 15M Ownership 100% + DFI Debt50% Partnership Value Strategy Operational revenues only IRR 20%

VITAL CAPITAL FUND 33 3 Investments Profiles Private Medical CenterAgri-Industrial Centre Sector Health CareAgriculture Geography West-Africa Investment size 15M Ownership 100% + DFI Debt50% Partnership Value Strategy Operational revenues only IRR 20%

VITAL CAPITAL FUND 44 4 Private Medical Center The need: Health system suffers from a lack of human and institutional capacity and a scarcity of diagnostic medical devices. The Investment: A multi-specialty private healthcare poly-clinic located in the capital’s center. The goal: To improve the standard of healthcare available in the country and to increase local staff competency and education. The center: 2 operating theaters, 5 diagnostic floors (MRI, CT and more) and 5 floors of doctors’ clinics. Provides international-quality diagnostic and same-day ambulatory procedures at affordable prices, as a substitute to medical services currently obtained abroad. Risks: Equipment Maintenance Can costumers pay? Insurance programs available?

VITAL CAPITAL FUND 55 5 Agri-Industrial Center The need: 40% of the population are undernourished. The local eggs market is dominated by low quality imports. The Investment: A center providing 700 farmers with animal feed, live stock, services, financing, collection, packaging and marketing of 300K eggs per day. The goal: Increased food security through the establishment of a local agriculture brand, and to improve the profitability of each farmer and their families by providing 100% off-take commitment. The Center: Heavy equipment, Hatchery, Silos, packaging, transportation and marketing. Risks: Local market / Import Currency fluctuations Rural community, low literacy rates

VITAL CAPITAL FUND 66 6 Vital IMPACT DIAMOND assessment model Essentiality - The extent to which an investment addresses an essential, previously unmet need and the role of the investment as the generator of impact Beneficiaries - Each investment is assessed to determine the socio-economic segmentation of beneficiaries and the scale of influence Locality - Measures the extent to which an investment engages with and generates benefits for the local commu­ nity. Creation of local employment, produce commodities for local consumption rather than for export, and training. Intrinsic Impact - Evaluates the correlation between the financial and Impact drivers

VITAL CAPITAL FUND 77 7 How Impactful are our Investments? DimensionPMCRationalizationAICRationalization Is the service/product a basic need? Who are the direct beneficiaries? How many Beneficiaries? Who are the workers? How Many local jobs created? How extensive is local capacity building? E - Production of basic food commodities. E - Provision of advanced health services B – targeting Middle to High-middle class B – Targeting the entire population; direct to supermarkets and clients B – 50,000 at full capacity B – 1.6 million estimated consumers ~30% of the national consumption L – Heavily relies on X-pats L - Over 97% of the employees are local L – Local care-givers employees are trained L – Extensive training program for employees Additionality? 2.55 E – The likelihood of securing financing through alternative category sources is low E – The likelihood of securing financing through alternative category sources is low AND Vital is likely to deliver significant added value to the business Are adequate alternatives available? (cost/quality) E - Mostly abroad, and thus not affordable. E - Market is currently dominated by low-quality importation and cannot satisfy demand 5 5

VITAL CAPITAL FUND 88 8 How Impactful are our Investments? DimensionPMCRationalizationAICRationalization 5 55 Does the company sources from local suppliers? Are the impact drivers aligned w ith the financial drivers? L - 100% of production is conducted by OG farmers who supply their production to the organization L- Not extensively 2 IM – Yes, the greater the business will grow the greater the impact is IM – Yes, the greater the business will grow the greater the impact is Does the company initiates community engagement and empowerment programs? 15 L– Not immediately, planning remote diagnostics network L – Yes 1 5 Does the training program extend beyond the investee’s employees to other member of the community? L – Very limited L – Training to small-holder farmers

VITAL CAPITAL FUND 99 9 Impact Profile - The Vital IMPACT DIAMOND Impact is Multidimensional and should be Profiled Comprehensively Private Medical Center Agri-Industrial Center

VITAL CAPITAL FUND 10 Agri-Industrial Center from above

VITAL CAPITAL FUND 11 Agri-Industrial Center - Feed Mill

VITAL CAPITAL FUND 12 Agri-Industrial Center - Eggs Production

VITAL CAPITAL FUND 13 Agri-Industril Center - Free Range Eggs in Village 7

VITAL CAPITAL FUND 14 Impact developments – Agri-Industrial Center Breakdown of company assessment rating Overall company assessment score Agri-Industrial Center A-I Center

VITAL CAPITAL FUND 15 Private Medical Center

VITAL CAPITAL FUND 16 Private Medical Center

VITAL CAPITAL FUND 17 GIIRS Ratings Agri-Industrial Center

VITAL CAPITAL FUND 18 THANK YOU