Kinnevik Results Presentation Deck slide image

Kinnevik Results Presentation Deck

IF OUR UNLISTED INVESTEES FORMED AN EQUALLY-WEIGHTED INDEX OF STOCKS, IT WOULD BE DOWN BY AROUND 20%, IN LINE WITH RELEVANT BENCHMARKS Source: Top Quartile of Bessemer Cloud BVP, FactSet (12)% daq Internet (22)% Q1 2022 Value Drivers Write-Down Put in Perspective (Indicative and Approximate) ARK ETF (30)% Average Kinnevik Investee (21)% Weighted by Value (14)% After Liquidation Preferences (12)% From (21)% down on an equally-averaged equity value to (10)% down on an NAV SEK basis via portfolio weights, liquidation preferences and currency tailwinds After the Weakening SEK Key mitigants to the broad-based correction in Q1 is that (i) we do not believe we hold an 'average portfolio' but rather a group of assets that should be benchmarked against above-average comparables; and (ii) our companies are generally growing materially faster even than these comparisons, bringing valuation levels down materially when looking into 2023-24 revenues (10)% 14 KINNEVIK
View entire presentation