Kinnevik Results Presentation Deck
Intro
Categories
KINNEVIK IN SUMMARY
• Value-Based Care
• Virtual Care
• Platforms & Marketplaces
• Software
• Consumer Finance
(52)%
One Year
Value-Based Care
Virtual Care
Platforms & Marketplaces
Software
Consumer Finance
Note: For more information about the categories see Note 4 on pages 29-33.
TMT
Total Portfolio
Annualised Total Shareholder Return
Net Asset Value
9%
(1)%
KINNEVIK
Five Years
Fair Value
4%
7 793
Five Year Annualised IRR per Category
2764
6 866
15%
15%
9 371
2 462
14%
Note: The annualised total shareholder return includes reinvested dividends.
Interim Report. Q2 2022
Ten Years
Return
3.3x
2.6x
1.3x
3.8x
1.1x
60%
61%
Portfolio Overview
79%
Average
Holding Period
2.6 Years
2.9 Years
3.0 Years
3.7 Years
4.7 Years
14%
Thirty Years
2,132
(7,042)
Sustainability
H1 2022
2021
Revenue Growth
+145-165%
Investment Activity (SEKm)
+125-145%
+40-60%/ +140-160%
+130-150%
+30-50%
(4,910)
2021
Gross Margin
Investments
Divestments
5-15%
50-70%
30-40% / 60-80%
28%
Net Investments
60-80%
50-70%
475
Financial Statements
NTM
EV/Revenue
3-4x
1.5-2.5x/5-7x
(6,027)
5.5-7.5×
Q2 2022
10-25x
Net Cash to
Portfolio Value
5-7x
(5,552)
Other
Composition of Portfolio Value
Tele2
33%
Emerging
Markets
3%
Early Bets &
New Themes
3% Platforms &
Marketplaces
14%
76.2
75.8
Value-Based Care
16%
NAV Development (SEKbn)
72.4
Virtual Care
6%
Consumer
Finance
5%
67.9
Q2'21 Q3'21 Q4'21 Q1'22
61.1
Q2'22
Software
19%
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