Kinnevik Results Presentation Deck
WE ENDED THE YEAR WITH A MORE BALANCED GROWTH PORTFOLIO AFTER
CONTINUED HIGH TRANSACTION ACTIVITY THROUGH THE FOURTH QUARTER
PLEO
jobandtalent
vay
NICK'S
VillageMD*
Teladoc
Note:
Mathem
HEALTH
Travel Perk
KINNEVIK
SUSTAINABILITY
LINKED
FINANCING
FRAMEWORK
2021
Highlights of The Quarter
Q4 2021
We invested in Pleo's USD 200m financing round to further build on our
>10x return on investment to date
We continued to strengthen our Growth Portfolio through three new
investment - Jobandtalent, a world-leading digital temp staffing agency;
Vay, a tech-enabled mobility company and Nick's, a global food-tech
innovator
We maintained a high capital reallocation activity with SEK 5.3bn released
from Teladoc and Village MD
Mathem agreed to merge with Mat.se, Axfood's online grocer business, and
to enter into a long-term strategic supply agreement with Axfood's
purchasing and logistics company Dagab.
At another one of our software successes, TravelPerk raised USD 115m, of
which 25m from us, at an 80 percent premium to last quarter's fair value - a
testament to how the founder Avi Meir and his team steered the company
through the pandemic
We launched updated Diversity & Inclusion targets for 2022 and published
our first Sustainability-Linked Financing Framework
Net Asset Value pro forma Zalando and adjusted for Other Net Assets/Liabilities. A more detailed breakdown of NAV can be found on p. 8
Net Asset Value
• Public, Private, Net Cash / (Debt), SEKbn
62.3
40.7
17.5
4.8
2020 Q4
2.4
75.8
Investments
40.6
34.0
1.8
2021 Q3
Investment Activity
Q4 2021, SEKM
(5.3)
Divestments
3
72.4
35.1
32.4
5.4
2021 Q4
(2.9)
Net Investments
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