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Investor Presentaiton

Consolidated C/F Summary (IFRSS) SoftBank Group C/F from operating activities: decreased 602.5 bn yoy (JPY bn) C/F item FY19 FY20 Change Primary details for FY20Q1-Q3 (Major reasons for decrease) C/F from operating activities 1,119.2 1,117.9 557.3 -560.6 Subtotal of cash flows from operating activities -265.1 Interest paid • • -588.6 Income taxes paid Income taxes refunded 264.2 Incom -4,186.7 Payments for acquisition of investments Proceeds from sale/redemption of investments 3,845.8 -856.6 C/F from investing activities -4,286.9 -1,468.6 +2,818.3 856.4 312.8 Payments for acquisitions of investments by SVF1 and SVF2 Proceeds from sales of investments by SVF1 Decrease of Income taxes paid by 613.4 bn yoy Deconsolidation of Sprint (Sprint recorded operating cash inflows of 641.0 bn in FY19) SB Northstar recorded cash outflows of 509.2 bn (before elimination of intercompany transactions) mainly associated with realized loss on investments in derivatives. Payments for acquisition of investments: -4,186.7 bn Acquisition of highly liquid listed stocks by SBG with the aim of diversifying its assets and managing its surplus funds: -2,705.4 bn (SBNS has taken over this investment activity from FY20Q2; see pages 7-8) Acquisition of LINE Corporation shares by SBKK -269.1 bn; Subscription of LINE Corporation bonds by SBKK : -739.6 bn Proceeds from sales /redemption of investments: +3,845.8 bn From the sale of a portion of the abovementioned listed stocks: +675.7 bn • Payments for acquisition of control over subsidiaries • From the partial sale of T-Mobile shares: +2,099.7 bn -351.3 Payments into restricted cash -351.0 Payments into trust accounts in SPACs Proceeds in short-term interest-bearing debt, net 1,575.3 7,965.1 Proceeds from interest-bearing debt -5,790.9 9. Repayment of interest-bearing debt 979.3 C/F from financing 2,920.9 2,194.1 -726.8 -1,362.1 activities 345.5 Cash and cash equivalents opening balance Cash and cash equivalents closing balance 3,858.5 3,369.0 3,369.0 4,662.7 Contributions into SVF1 from third-party investors Distribution/repayment from SVF1 to third-party investors Proceeds from non-controlling interests subject to possible redemption Proceeds from the partial sales of shares 1,553.0 of subsidiaries to non-controlling interests -2,226.2 Purchase of treasury stock SPACS, sponsored by the Company's subsidiaries, raised a total of USD 3.3 bn of funds through IPOS (See page 19 for details) • Sale of LINE Corporation shares by SBKK: +93.8 bn Sale or redemption of LINE Corporate Bonds by SBKK: 739.6 bn Proceeds from interest-bearing debt: +7,965.1 bn (SBG) Short-term borrowings: +1,040.1 bn domestic hybrid notes: +177.0 bn (Wholly owned subsidiaries conducting fund procurement) Transactions between SBKK and LINE Corporation prior to LINE Corporation becoming a subsidiary are presented in gross amounts (total cash outflow for acquisition of LINE Corporation shares (net) was 175.3 bn) • Procurement through borrowings made using T-Mobile shares (margin loan): USD +4,380 mn • Procurement through borrowings made using Alibaba shares (margin loan): USD +8,125 mn • Procurement through several prepaid forward contracts using Alibaba shares: USD +15,445 mn (SB Northstar) • Procurement through borrowings made using Alibaba shares (margin loan): USD +6,000 mn Repayment of interest-bearing debt: -5,790.9 bn (SBG) Repayment of short-term borrowings -863.3 bn; repayment of senior loans -392.4 bn; and redemption of corporate bonds -557.6 bn (Wholly owned subsidiaries conducting fund procurement) Repayment of margin loan made using Alibaba shares: USD -9,444 mn (SVF1) Repayment of borrowings under the Fund Level Facility: USD -4,976 mn Repayment of borrowings under the Portfolio Financing Facility: USD -1,033 mn Partial sale of SBKK shares Accounting 25
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