3rd Timberland Investing World Summit

3rd Timberland Investing World Summit

Staying Ahead of a Market in Transition

Data: 29 a 31/10
Local: The Westin Hotel - Times Square, New York, NY

The Most Established Investor Event in Timberland: Why You Need to Be There

The landscape of the global Timberland investment market is rapidly changing. The sale of some of the last large industrial parcels of land in the US is nearing completion. Higher levels of leveraged financing and a downturn in the housing market have caused a squeeze in historically high rates of returns. As a result, investors who have accumulated pools of funds for Timberland investing are beginning to look towards international markets and to explore alternative options for generating revenue from their Timberland holdings.

Back by popular demand, the 3rd Timberland Investing World Summit returns to engage investors, international institutions, educators and governments on the most pressing issues in the market today.

Meet with Industry Leaders to Learn the Latest on:

New Strategies for Integrating Timber into Investment Portfolios
Examining the Use of Leverage, Public and Private Debt in Financing Investments and Acquisitions
Prospects for Mergers, Acquisitions and Consolidation Activity in Timberland
Increasing Returns on Existing US Timber Investments through HBU Land Valuation and Development
Monetizing Carbon Credits and Exploring Future Revenues from Cellulosic Ethanol
The Comparative Landscape of Laws and Taxes Governing International Timber Investing
Regional and Country Specific Investment Opportunities in Timberland

Past Conference Participants Include:

ABP Investments
Abu Dhabi Investment Authority
Alberta Investment Management
Brazil Timber Investment Group
Brookfield Asset Management
CALPERS
D.B. Zwirn & Co.
Deutsche Bank Asset Management
First Forest GMBH
Forest Investment Associates
Global Forest Partners LP
Hancock Timber Resource Group
Harvard Management Company
Lehman Brothers
Mary A. & John M. McCarthy Foundation
Nordea Bank
Ontario Teachers Pension Plan
Platinum Capital Partners
Plum Creek Timber Company
Sirios Capital Management
State Teachers Retirement
System of Ohio
The Nature Conservancy
The World Bank
TIAA-CREF
US Steel & Carnegie Pension Fund
WWF Global Forest Trade Network

Who will you meet?

Timberland Investment Management Organizations
Pensions and Endowments
Private Wealth Managers
Asset Managers
Hedge Funds
Rural Real Estate Appraisers
Conservation and Environmental Organizations
Securitization and Taxation Specialists
International Investment Advisors
Investment Bankers and Leveraged Finance Experts
Development and Governmental Entities
Carbon Trading Market Makers
Bio-Fuels Pioneers

Hear speakers from the following firms:

-Brookfield Asset Management

-CELLFOR

-DANA LIMITED

-EcoBosques

-EQUATOR ENVIRONMENTAL

-FIA Timber Partners

-First Forest GMBH

-FORECON EcoMarket Solutions

-FOREST2MARKET

-Four Winds Capital Management

-Global Forest Partners LP

-GMO Renewable Resources

-GRAY & COMPANY

-GreenWood Resources

-INDUFOR

-Inter American Development Bank

-Invest Australia

-James W. Sewall Group

-LANWORTH

-Michigan Municipal Employees Retirement System

-THE NATURE CONSERVANCY

-Pacific Forest Trust

-Platinum Capital Partners

-RMK Timberland Group

-Sirios Capital Management LP

-The Forestland Group

-The Molpus Woodland Group

-TimberStar

-Tree Farms AS

-Warnell School of Forestry Resources, University of Georgia

-WWF Global Forest Trade Network

Summit Agenda

Monday, October 29

8h Registration

8h45 Chairman's Introduction

-Jim Webb
Senior Vice President RMK TIMBERLAND GROUP

9h The Future Of US Timber And Timberland Investing

Changes in the US market post Temple Inland
Rates of return in North American timber markets
Functioning as an investor in a sellers' market
Impact of currency exchange rates on the competitiveness of foreign investors for US investment opportunities

-Reid Carter
Managing Partner BROOKFIELD ASSET MANAGEMENT

-Liane Luke
Managing Director FOUR WINDS CAPITAL MANAGEMENT

-Brian Watson
Manager Timber Investments SIRIOS CAPITAL MANAGEMENT LP

9h45 Identifying Investment Opportunities And Increasing Returns In US Timber Investments

Sourcing fair value opportunities for pooled and commingled funds in a sellers' market
Due diligence for investments in a changing market
Alternative valuations and factoring them into purchasing decisions
Balancing long and short-term investment expectations
Why continue to invest in the US timber market?
Diversity and efficiency benefits of US investment
Historical cycles and patterns in US timber
The real risks of investing in a changing US timberland market

-Chris Zinkhan
Managing Director THE FORESTLAND GROUP

-Dick Molpus
President MOLPUS WOODLAND GROUP

-Thomas N. Urban
President and Chief Executive Officer CELLFOR

-Mike Clutter
Dean THE WARNELL SCHOOL OF FORESTRY AND NATURAL RESOURCES, THE UNIVERSITY OF GEORGIA

10h30 Networking Coffee Break

11h15 Integrating Timber Into Investment Portfolios

Volatility, correlation and alpha in timberland investing
Understanding the importance of time horizons in timber investments
Comparing timberland to other alternative assets: a risk / returns perspective
Diversifying portfolios though timberland investments

-Tim Corriero
Managing Director FIA TIMBER PARTNERS

-Andrew Kelsen
Director of Alternative Investments GRAY & COMPANY

11h45 Leverage, Debt And Securitization In Financial Structuring For Timberland Investments

Deconstructing leverage structures in complex financial modeling
Raising additional capital for pooled acquisitions
Comparing discount rates on all-equity and leveraged transactions
The tradeoff between debt obligation structures and leverage
Using non-cash instruments to finance future acquisitions
Analyzing structures using public debt to create timber investment opportunities

-Jerry Barag
Managing Director TIMBER STAR

12h45 Networking Luncheon

1h45 Understanding Investor Perspectives

Factors driving and restricting investment in timber
Key concerns in choosing a TIMO or other timber investment partner / manager
Weighing US and international opportunities against various types of risk

-Jeb Burns
Chief Investment Officer MICHIGAN MUNICIPAL EMPLOYEES RETIREMENT SYSTEM

2h30 Sustainable Development And Conservation In US Investments

Advantages of conservation easements
Benefits of NGO partnerships from an investor perspective
Building an investment around sustainable development goals
Uses of certification and partnerships in land acquisition

-Laurie Wayburn
President THE PACIFIC FOREST TRUST

-Kent W. Gilges
Managing Director Finance and Acquisitions THE NATURE CONSERVANCY

3h15 Networking Coffee Break

3h45 Maximizing Returns From Higher-Better-Use Land

The benefits of designating and identifying HBU land
HBU land valuation techniques
Factoring in or parceling out HBU land for land sale
The attractiveness of self-developing HBU lands for timber investors
What HBU land is going to be most valuable? A rural real estate analysis
Impact of HBU land on portfolio strategy

-Clark Love
CEO LANWORTH

4h30 Monetizing Carbon Credits For Timberland

Overview of the structure and strengths of the US carbon trading market
How do carbon credits get assessed for Timberlands - and who regulates them?
Securing carbon credits and conducting financial valuations
Prospects for a US carbon trading scheme and the status of state and regional level initiatives
EU emissions trading scheme and opportunities in emerging markets

-Peter J. Stewart
Chief Executive Officer FOREST2MARKET

5h15 Assessing The Future Potential For Producing Cellulosic Ethanol From Timber Products

The current status in developing technologies for timber based ethanol production
Understanding the role of timber related biomass in the liquification and production process
Roadblocks to beginning production today: What investors need to know
The use of wood chips and pellets in fuel generation
The current political and policy climate for Bio-Fuel investment

-Jeff Nuss
President and Chief Executive Officer GREENWOOD RESOURCES

6h Networking Reception

Tuesday, October 30

8h Registration

8h45 Chairman's Introduction

-Mark Stayer
Shareholder Schwabe, Williamson and Wyatt

9h Going Global With Timber Investments

Matching strategies and opportunities with investor risk appetites
Factors to consider in deciding whether to enter into new markets or remain domestic
Realities of returns from foreign investments
What are the most popular investment markets and why?
Analyzing risk characteristics: political, currency, and other forms of risk
Addressing a lack of information on certain markets

-Bret Vicary
Vice President JAMES W. SEWALL COMPANY

-Eva Greger
Managing Partner GMO RENEWABLE RESOURCES

-Dennis A. Neilson
Director DANA LIMITED

-Robert Hagler
Principal FORESTEDGE INTERNATIONAL

9h45 The Next Generation Of Policy And Regulation In US And International Timberland Investing

Implementing and integrating lobbying and policy influence into timberland business strategies
Utilizing mitigation and other constructs to generate additional returns on timberland assets
Harnessing the Kyoto protocol to increase returns in international markets

-Scott Jones
Executive Vice President Forest Landowners Association

10h30 Networking Coffee Break

11h15 Building Partnerships In Emerging Timber Markets

Structuring international partnerships and goals
Leveraging local and organizational knowledge in project planning
Healthy growth and lower risk through sustainable local development
The use of conservation, certification and sustainability in investment agreements

-Steve Gretzinger
Regional Head WWF GFTN CENTRAL AMERICA

11h45 Latin American Forest Investment Attractiveness Index

An update to the 2004 edition of the index across 80 variables and 20 indicators
Utilizing data to drive individualized quantitative investment models
Factoring indexes into due-diligence

-Jose Rente Nascimento
Senior Natural Resource Specialist INTER AMERICAN DEVELOPMENT BANK

12h15 Navigating An Expanding Latin American Investment Market

An overview of land ownership regimes, tax structures and key areas of risk
A snapshot of the returns that current investors are earning
Identifying investment opportunities in various regions of central and south America and matching them to specific investment objectives
Factoring diversity and hardwood ownership into the investment process
Building partnerships with local and international organizations

-Kurt Akers
Director of Research GLOBAL FOREST PARTNERS

-Aldo De Cresci Neto
Partner Fleury Malheiros, Gasparini, De Cresci e Nogueira de Lima Advogados

-Eliseo Quintanilla
CEO ECOBOSQUES

-Mark Wishnie
Director of Project Management EQUATOR ENVIRONMENTAL

-José Leal
Chief Executive Officer Brazil Timber

1h15 Networking Luncheon

2h15 African Investments: Experiences, Partnerships And Possibilities

International investing initiatives in natural and plantation / managed forestry
The existing environment and structures promoting or obstructing investor confidence
Acquiring and harnessing forest certifications to drive investments
Forging partnership that provide sustainable development for local communities and enhance returns through timber products

-Jon Lewis
Managing Director PLATINUM CAPITAL PARTNERS

-Mads Asprem
Managing Director TREE FARMS AS

3h Searching Asia And Australasia For The Next Generation Of Timber Investing

Existing timber and forest product trade in Australia, China, Indonesia and New Zealand
Joint agreements on land ownership for foreign investors
Sustainable forestry initiatives and partnerships
Legal and capital flow structures and incentives for the timber industry
Plantation diversity and key varieties driving Australasian investment