Investor Presentaiton

LTV Calculation: SBG Standalone Net Debt (L) Adjusted SBG standalone net debt*1 (V) SBG standalone equity value of holdings ¥3.71T = 12.4% ¥29.81T SoftBank Group (\T) Adjusted SBG Consolidated standalone net debt = net debt 3.71 14.02 Net debt at self- financing entities 5.46 Other adjustments 4.85 SoftBank segment Arm segment SVF1 +4.41 -0.11 +0.38 SVF2 SB Northstar Other -0.063 +0.87 -0.02 Adjustment for hybrid finance Adjustment for asset-backed finance* *2 +0.11 *3 +4.74 *1 The presented net debt only includes debts to third parties. The presented net interest-bearing debt excludes the amount calculated as deposits for banking business less cash position at The Japan Net Bank (currently PayPay Bank). *2 For hybrid bonds issued in July 2017, which are recorded as equity in the consolidated balance sheet, 50% of outstanding amount is treated as debt. For hybrid bonds issued in September 2016 and February 2021, and hybrid loan closed in November 2017, deducting 50% of outstanding amount, recorded as debt in consolidated B/S, that is treated as equity. *3 The presented net debt considers the following estimated impacts: a) deducting the sum of (i) the financial liabilities relating to prepaid forward contracts using Alibaba shares (collar contracts) (¥3,085.7B), (ii) the amount equivalent to the outstanding margin loan backed by SBKK shares (¥498.7B), and (iii) the amount equivalent to the outstanding margin loan backed by Alibaba shares (¥894.1B). b) deducting the loan amount that is considered as asset-backed financing non-recourse to SBG (¥223.9B), which is a portion of the margin loan using T-Mobile shares pledged as collateral from net debt (¥481.3B). (SBG has, as an exception, guaranteed a portion ($2.02B) of the outstanding margin loan backed by T-Mobile shares ($4.38B). As a precondition for SBG to fulfill its guarantee obligations, the lenders are obligated to first recover the amount to the maximum extent possible from Alibaba shares that have been pledged as collateral for the margin loan.) Finance 54

View entire presentation