Kinnevik Results Presentation Deck
CHALLENGING MARKETS CONTINUES TO PUT PRESSURE ON GROWTH INVESTING
WHILE ALSO PRESENTING LONGER-TERM OPPORTUNITIES
budbee
instabox
Note:
Solugen
monese
H2green steel
Highlights of The Quarter
Q3 2022
NAV of SEK 58.0bn or SEK 207 per share, down 5 percent from the
second quarter and 20 percent below where we ended 2021. The fair
value of our unlisted assets was written up by SEK 0.3bn but would have
been down by SEK 1.2bn without the continued currency tailwinds
Budbee and Instabox announced they are joining forces in the new
combined company Instabee, creating a new group with the power to
invest in, and push the boundaries of, consumer-centric and sustainable
last-mile delivery services for the e-commerce sector in Europe
We invested USD 50m into Solugen, the industrial green chemicals
platform providing cheaper, safer chemicals without using fossil fuels.
This is Kinnevik's first sizeable investment into climate tech
Monese announced a USD 35m investment by HSBC as part of a broader,
strategic partnership that will focus on Monese's industry-leading, cloud-
based Platform as a Service business
Net Asset Value adjusted for Other Net Assets / Liabilities
In October, we invested EUR 25m into H2 Green Steel, the Swedish
producer of green steel reducing carbon emissions by up to 95 percent
compared to traditional steelmaking
Net Asset Value
• Public, Private, Net Cash / (Debt), SEKbn
67.9
32.6
31.0
5.0
2022 Q1
Investments
3.2
61.1
19.0
29.3
13.6
2022 Q2
Investment Activity
Q1-Q3 2022, SEKbn
(7.0)
58.0
3
15.6
30.6
12.5
Divestments Net Investments
2022 Q3
(3.9)
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