what is patagonia sur?patagoniasur.com/staff/documents/op_eng_low.pdf · 2011. 12. 7. · our...

[email protected] www.PatagoniaSur.com CHILE La Concepción 141, Of. 304, Santiago, Chile • +56 2 897 3538 UNITED STATES 515 Madison Avenue Suite 1500, New York, NY 10022 • +1 917 300 1076

11_1

1

An innovative blend of conservation + capitalism, Patagonia Sur is a for-profit conservation venture that:

• Acquires and manages large land networks in Chilean Patagonia.

• Develops and nurtures a diverse portfolio of environmentally sensitive businesses.

• Expects to provide competitive financial returns to investors while permanently protecting vast expanses of Chilean Patagonia.

What is Patagonia Sur?BUSINESS OVERVIEW

ASSETS

More than 100,000 acres of scenically remarkable and ecologically valuable properties.

US$30 million of equity capital from Chilean and global investors.

World-class business and conservation team with offices in Santiago, Puerto Varas and New York.

BUSINESS PORTFOLIO

• Limited Development

• Eco-Tourism Membership Club

• Carbon Offsets

• Eco-Brokerage Services

• Sustainable Agriculture

• Sustainable Forestry

• Sustainable Aquaculture

• Water Resources

GOALS

15+% IRR to investors.

Permanent protection of millions of acres of land and sea.

Social and economic development in harmony with the region’s incredible natural environment.


11_1

1

Our investors—from Chile, the United States, and elsewhere around the world—share the vision that investing in Patagonia Sur is good for their portfolios, their families, and the environment.

All investors have pro-rata ownership of Patagonia Sur, LLC, a Delaware registered company that owns all the underlying property and business opportunities generated by our work in Chile.

Shares in Patagonia Sur are currently priced at $350,000 and half shares are available at $175,000. To encourage larger investments, we also offer Major and Institutional packages of 4 and 12 shares, which come with additional benefits.

I invested in Patagonia Sur for three reasons. First, this investment is a land-backed security—it’s real and tangible. Second, my investment in Patagonia Sur is completely uncorrelated to any of my other investments. And third, I am intrigued by the concept of applying market principles to conservation..Bill Lyons CEO (Retired), American Century Investments

Diversify Your Portfolio by Investing in ConservationINVESTMENT OVERVIEW

HALF SHARE NVESTOR

FULL SHAREINVESTOR

MAJORINVESTOR

INSTITUTIONALINVESTOR

SHARES 0.5 1 4 12

PRICE US$175,000 US$350,000 US$1,400,000 US$4,200,000

EXPIRE APRIL 2012 STOCK OPTIONS 0 0 1 5

REQUIRED FOUNDATION DONATION 5%, US$8.750 5%, US$17,500 5%, US$70,000 4%, US$168,000

ONE-TIME *MEMBERSHIP CLUB FEE* US$40,000 US$35.000 US$30,000 US$25,000

SEAT ON OVERSIGHT COMMITTEE No No No Yes

RIGHT OF FIRST REFUSAL ON LAND SALES Yes Yes Yes Yes

ECO-BROKERAGE SERVICES DISCOUNT No 20% 30% 40%

*Note that investors do not have the automatic right to use the Patagonia Sur Nature Reserve’s properties and facilities, but all have the option to join the Membership Club.


11_1

1

Patagonia Sur’s Eco-Brokerage Team specializes in successfully simplifying and managing the process of buying land in Patagonia.

We have an intimate knowledge of the region, and we want conservation-oriented buyers looking for their own property at this end of the world to benefit from the vast experience we have gained from acquiring and managing our own extensive land portfolio.

Our promise to you and to Chilean Patagonia is to represent only those buyers intent on developing and using their properties in a manner that is consistent with Patagonia Sur’s Sustainable Land Use Philosophy.

Patagonia Sur’s Eco-Brokerage Team represents buyers only. As a result, our clients’ best interests are singularly represented.

In addition to property acquisitions, our Eco-Brokerage Team can help with:

• Analytical Services: Providing site reports, strategic analyses, and rights and title reports.

• Property Management: Maintaining and protecting your assets in an ecologically-responsible way.

• Infrastructure Development: Designing sustainable eco properties and building them on-time and on-budget in this remote part of the world.

Simplifying the Process of Private Conservation

CLIENT

PATAGONIASUR

TITLE STUDIES

NATURALRESOURCES RIGHTS

ASSESSMEN T

LEGALASSESSMENT

SCOUTING SITE VISITS

NEGOTIATION

PROPERTYOWNERSHI P

SUSTAINABLEDEVELOPMENT

PROPERTYMANAGEMENT


11_1

1

The Patagonia Sur Nature Reserve is a network of stunning, “best of the best” properties in Chilean Patagonia. This outstanding collection will encompass more than 100,000 acres of extraordinary highlights that are unique in the world: pristine coastal areas, scenic river valleys, spectacular lake frontages, soaring glacier-covered volcanoes, fjords, verdant forests and unspoiled wildlife habitats.

The Patagonia Sur Nature Reserve is now offering charter memberships in its adventure & conservation-oriented Membership Club. The Club’s accommodations, amenities and services are available exclusively to club members and their guests. Membership will be limited to 100 families from around the world who will enjoy an heirloom of family experiences and outdoor adventures in this magical and storied land.

We have developed a variety of carefully selected activities, including fly fishing, horseback riding, river & sea kayaking, mountain biking, nature walks & hiking, white water rafting, river float trips, sea safaris, bird watching, and community & conservation projects. With resident caretakers, professional chefs, on-site sporting and safety equipment, and experienced, bilingual guides, we have taken the guesswork out of your travel to Patagonia.

The Membership Club is committed to sustainable eco-tourism and believes that you’re in Patagonia to enjoy yourselves and to experience nature fully. To this end, we have purposely kept all infrastructure modest in scale, to preserve the dominance of the natural landscape. Our goal is to create a restorative place for you to rest, refresh, and recharge, so you’re ready for another exhilarating and memorable day outdoors.raleza.

Our time in Patagonia was fantastic. What was incomparable to any other travel experience was how we were welcomed and included like family and treated as pampered guests. Every day was filled with one new experience after another, punctuated by breathtaking beauty, delicious family meals and delightful people.

Laura Roosevelt and Charles Silberstein

Creating a Family Legacy in Patagonia


11_1

1

Patagonia Sur’s Corporate Conservation Circle (C3) will be comprised of twelve corporations from around the world that have a demonstrated commitment to environmental stewardship.

These corporations will receive the following benefits:

Patagonia Sur embodies Audemars Piguet’s values of authenticity and innovation, as well as our longstanding corporate support of environmental conservation and education projects around the world. We are honored to be a founding Corporate Conservation Circle member of this spectacular venture.

Francois Bennahmias President & CEO, Audemars Piguet, North America

Corporate Commitment to Environmental Stewardship

CORPORATE CONSERVATION CIRCLE BENEFITS

• Category exclusive association with Patagonia Sur, which is rapidly becoming one of the world’s premier conservation, sustainable development, research and environmental projects.

• Membership in a cohesive circle of like-minded, non-competing companies with whom future partnerships can be forged.

• Participate in Patagonia Sur’s exclusive annual C3 Corporate Sustainabillity Summit.

• Rights to the Patagonia Sur Nature Reserve Membership Club, allowing our C3 members to bring clients, retailers, and employees to the extraordinary Patagonia Sur properties for retreats, seminars, team building, entertaining, and guided educational and recreational use.

• A package of carbon offsets from the Patagonia Sur Reforestation and Biodiversity Project that can be used to neutralize the carbon emissions of all or a part of your business.

• Participation in outreach and communication efforts related to the Patagonia Sur project, including features online, printed marketing materials, and public relations campaigns.

• Customized cross-promotion possibilities for C3 members with Patagonia Sur’s businesses.


U N I V E R S I T Y C O N S E R V A T I O N C I R C L E

11_1

1

Patagonia Sur’s University Conservation Circle (UC2) will be comprised of twelve universities from around the world that have a demonstrated awareness and distinction in the field of sustainability through internships and volunteer work, research projects, travel and excursions.

Environmental Stewardship for Students | Faculty | Alumni

UNIVERSITY CONSERVATION CIRCLE BENEFITS

• A native-species forest planted in your school’s name will serve as both an offset for your university carbon footprint, and as a research area for students and faculty.

• Opportunities to engage alumni, faculty and parents in the school’s sustainability initiatives.

• Exclusive access to Chile’s fabled Patagonia through study-abroad trips, student internships, and faculty research opportunities.

• Opportunities for alumni excursions at The Patagonia Sur Nature Reserve that include guided fly-fishing, horseback riding, kayaking, mountain biking, hiking, white water rafting, sea safaris, and community conservation projects. We have resident caretakers, professional chefs, on-site sporting and safety equipment, and experienced bilingual guides available.

• Collaboration in both research, and in the development of sustainability initiatives, with other member universities from around the world.

• Interaction with the local community of Palena, in Chile’s X Región de Los Lagos, on projects involving environmental education and stewardship.


11_1

1

Las Vegas Color Graphics is excited to partner with Patagonia Sur to offset

our carbon emissions and to engage our customers in our carbon offset

program by tracking Patagonia Sur’s activities as trees are planted across

thousands of acres in Patagonia, Chile.

Heidi Bridges

President, Las Vegas Color Graphics

Carbon dioxide emissions (CO2) are created every time we use electricity, heat our homes, drive our cars, take a flight, or consume goods and services. Collectively, these CO2 emissions contribute to climate change, which is expected to cause significant detrimental ecological, social, and economic risks and impacts.

Through Patagonia Sur’s Reforestation and Biodiversity Project, we create carbon offsets that take action now to reduce or neutralize your CO2 emissions.

Following internationally recognized standards, we have begun to plant millions of native-species trees on our properties in Chilean Patagonia, which will eliminate CO2, create sustainable local jobs, and improve the biodiversity of native wildlife.

Individuals, businesses and institutions that want to meet their Green Initiative can purchase carbon offsets generated by the Patagonia Sur Reforestation and Biodiversity Project and thereby reduce their carbon footprint.

Go Carbon Neutral: Measure, Reduce, Offset

OUR CARBON OFFSET PROGRAM

• Instituto Forestal (INFOR) conducts baseline studies of sequestration rates and verifies that real carbon reduction would not have occurred in the absence of the project.

• Patagonia Sur plants native-species trees as part of a large-scale reforestation project that also benefits native wildlife.

• Project is expected to sequester 1.5MM tons CO2.

• CONAF (Chile’s National Forestry Service) verifies that the trees are planted and maintained.

• Patagonia Sur has established a reserve plantation that duplicates 20% of all trees planted. In case of a fire, invasive species, or disease, this reserve will ensure that offsets are not compromised.


11_1

1

Patagonia Sur’s principals possess a unique blend of management backgrounds, investment expertise, proven entrepreneurial skills, and indepth knowledge of Chile and Patagonia

Patagonia Sur’sPrincipals

An entrepreneur and pioneer in the field of social networking, Warren founded PlanetAll.com, which Amazon.com acquired in 1998. Upon leaving Amazon, Warren turned his professional attention to advising and investing in early-stage entrepreneurial enterprises through his fund, Vineyard Ventures. After traveling in Patagonia, Warren was motivated by the region’s incredible natural beauty to apply his business acumen toward acquiring, conserving, and protecting large tracts of pristine land there, culminating in the 2007 establishment of Patagonia Sur. Warren received a BA from Colgate University and an MBA from Harvard Business School.

Felipe Valdés Arrieta Founder & Principal Chile

Felipe has spent the last seventeen years developing technology start-ups in Latin America, most recently as founder and CEO of Tiaxa, a Santiago-based billing clearinghouse for wireless operators throughout Latin America and Asia. An avid climber and outdoors enthusiast, he has explored and trekked throughout Patagonia, Alaska, Africa, and the Himalayas. Felipe has collaborated with many wilderness conservation, education enhancement, and poverty alleviation initiatives. He authored Energy Conservation Potential in Chile for the International Institute for Energy Conservation. Felipe holds an Aerospace Engineering degree from Princeton University.

Steve Reifenberg Founder & Principal United States

Steve is Executive Director for the Kellogg Institute for International Studies at the University of Notre Dame. From 1988 through 2009, Steve worked at Harvard University on international issues. Among other roles, he served for seven years as Executive Director of Harvard’s David Rockefeller Center for Latin American Studies (DRCLAS) in Cambridge, MA, before moving to Santiago, Chile, to open Harvard’s first university-wide international office and directing it from 2002 through 2009. Steve earned a Master in Public Policy from Harvard’s John F. Kennedy School of Government, a Master in Print Journalism from Boston University, and a B.A. in Philosophy from the University of Notre Dame.

Henry Tepper Chief Conservation Officer & Principal United States

Henry spent twenty years as a leader in land conservation in both the United States and abroad. He joined Patagonia Sur after serving for two-and-a-half years as the Vice President of State Programs for the National Audubon Society. At Audubon, Henry oversaw ten state programs in the eastern United States, as well as Audubon’s Atlantic Flyway Conservation Initiative. He previously worked for thirteen years at The Nature Conservancy (TNC). While at the Conservancy, Henry led his programs through the completion of a series of landscape-scale forest conservation projects, conserving more than 400,000 acres. Henry also launched and continues to serve as the senior U.S. advisor to the Chilean Private Lands Conservation Initiative. Henry has a B.A. from the University of Michigan and an M.A. and Admission to Doctoral Candidacy from Cornell University.

Aristides Benavente Principal Chile

Aristides was a stockbroker in Santiago from 1988 to 1993. Since then, he has been involved in retail, as owner and CEO of Komax SA, a company dedicated to bringing high-end consumer apparel brands, such as Polo Ralph Lauren, The North Face, Brooks Brothers, Gap, and others to the Chilean market. Aristides is also Director of the Rodelillo Foundation, an organization that works with families, teaching them the long-term skills to lift themselves out of extreme poverty. Aristides loves nature, especially Patagonia, a region whose land, people, and social and economic projects he knows extremely well an area he considers unique in the world and full of dreams. Aristides is an avid horseman and is the champion in Chile of endurance horse-drawn carriage racing. Aristides holds a degree in Civil and Industrial Engineering from the University of Chile.

Warren Adams Founder & CEOUnited States


11_1

1

The Patagonia Sur Foundation encourages conservation and promotes social and economic development in Chilean Patagonia in harmony with the region’s incredible natural environment.

The Foundation is a U.S.-based 501(c)(3) and is directly funded by Patagonia Sur’s shareholders. To support the Foundation’s work, shareholders donate 5% of their capital investment when they purchase shares in Patagonia Sur, and a portion of their profits when they divest their shares. The Foundation also raises additional funds for specific projects via grants and private donations.

The Patagonia Sur Foundation cooperates with local, national, and international institutions and individuals to advance initiatives that benefit the people and land of Patagonia. The Foundation’s current initiatives include:

• Development of a world-class marine research station with a focus on the study and preservation of blue whales.

• A community-based program to teach sustainable, organic gardening methods allowing comunity members to provide high quality produce.

• Collaboration with the Chilean Forestry Agency (CONAF) to develop a management plan for the Lago Palena National Reserve.

• An English program in local schools that will enable students to participate in the region’s growing eco-tourism opportunities. A program to help local craftspeople recover lost traditional art forms and develop sustainable business models.Desarrollo de un plan de administración para la Reserva Nacional Lago Palena en colaboración con la Corporación Nacional Forestal de Chile (CONAF).

Benefitting the People and Land of Patagonia

CHILELa Concepción 141 Of. 304

Providencia, Santiago, Chile

+56 2 897 3538

[email protected]

www.PatagoniaSur.com

ESTADOS UNIDOS515 Madison Avenue Suite 1500

New York, NY 10022

+1 917 300 1076

[email protected]

www.PatagoniaSur.com

what is patagonia sur?patagoniasur.com/staff/documents/op_eng_low.pdf · 2011. 12. 7. · our...

Documents