SoftBank Results Presentation Deck
SVF2 Listed Portfolio Companies (as of March 31, 2021)
3.
(USD m)
(A)
(B)
(A)+(B)
Company
Beike
Seer
Qualtrics
Listed company total (Gross)*1
SVF2 private company, etc.
Total (SBG consolidated basis)
(a)
Investment cost
to SVF2
1,350
205
24
$1,579
$5,141
$6,720
(b)
Gross return
to SVF2
5,956
257
26
$6,239
$4,992
$11,232
*2
(c) = (b) - (a)
Gross gain/(loss)
to SVF2
+$4,606
+$52
+$2
+$4,660
-$148
+$4,512
SoftBank
Group
(d) = (b) / (a)
Gross MOIC *3
4.4x
1.3x
1.1x
4.0x
1. Listed company total only includes companies that have become publicly listed after SVF2 made its initial investment in the companies.
2.
Gross Return = Unrealized value. SBG's return on any SVF2 portfolio company is not the full return amount for the SVF2 but is instead proportionate to its commitment amount to SVF2 and any return received as a
parent to the Manager, and does not reflect fees and expenses that would reduce the value of returns experienced by SVF2 investors.
Gross multiples of invested capital (i.e., the total unrealized + realized gross return divided by the invested amount, "Gross MOIC") are reflected on a gross basis, before the impact of hedges on the public securities, and
do not reflect the deduction of management fees, partnership expenses, performance fee, taxes & transaction fees, and other expenses borne by the limited partners. Net performance for individual investments cannot
be calculated without making arbitrary assumptions about allocations of fees and expenses, and for that reason is not included herein.
Publicly quoted exchange rates may have moved either upwards or downwards, even materially, since the measurement dates indicated herein. The exchange rate for each company on this page and used for calculation of
return were taken as of March 31, 2021.
Past performance is not necessarily indicative of future results.
Select investments presented herein are solely for illustrative purposes, have been selected for illustrative purposes to show the public securities held by SVF2 as at March 31, 2021 and do not purport to be a complete list of
SVF2 investments. References to investments included herein should not be construed as a recommendation of any particular investment or security. It should not be assumed that investments made in the future will be
comparable in quality or performance to the investments described herein. Please refer to visionfund.com/portfolio for a more complete list of SVF2's investments.
Valuations reflect unrealized estimated amounts and should not be construed as indicative of actual or future performance. Such values do not reflect fees and expenses that would reduce the value of returns experienced by
SVF2 investors. There is no guarantee that historical trends will continue throughout the life of SVF2. It should not be assumed that investments made in the future will be comparable in quality or performance to investments
described herein. There can be no assurance that unrealized investments will be sold for values equal to or in excess of the total values used in calculating the returns portrayed herein. Actual returns on unrealized
investments will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which
may differ from the assumptions on which the valuations reported herein are based. Accordingly, the actual realized returns on investments that are unrealized may differ materially from the values indicated herein.
SVF2 performance metrics are based on final Valuation and Financial Risk Committee ("VFRC") results. While SVF2 performance figures have been calculated based on assumptions that SBG believes are reasonable, the
use of different assumptions could yield materially different results, and the VFRC may adjust any of these values. As such, SVF2 performance figures are subject to change and not necessarily indicative of the performance
of SVF2 and are included only for illustrative purposes.
Finance 60View entire presentation