Kinnevik Results Presentation Deck
THE CHALLENGING MARKET ENVIRONMENT CONTINUES, BUT OUR
RESILIENCE ENABLES US TO CONTINUE EXECUTING OUR STRATEGY
RECURSION
MEWS
H2green steel
Note:
oda
POWERED BY
HONORDEX 2632
LEADER
FG
Key Events of The Quarter
Q4 2022
NAV of SEK 52.9bn or 189 per share, down 9 percent in Q4 and down 27
percent in full-year 2022. Fair value of unlisted investments down around
10 percent in Q4 due primarily to multiple contraction and by more than
50 percent on an underlying basis in full-year 2022
Invested USD 75m in a private placement in Recursion, a clinical-stage
biotechnology company industrializing drug discovery. Added hospitality
management system business Mews to our portfolio of travel businesses
with a EUR 40m investment, simplifying and automating all operations for
modern hoteliers and their guests
H2 Green Steel, the Swedish venture aiming to produce green steel in a
fully integrated plant, added to our emerging portfolio within climate
tech through a EUR 25m investment
Oda raised NOK 1.5bn in new capital from new investors, with
participation from Kinnevik, as it continues its geographic expansion
Net Asset Value adjusted for Other Net Assets / Liabilities
Kinnevik received double recognition for our leadership in sustainability -
we were the only firm awarded the highest category in Honordex
Inclusive Index Report 2022, and one of the top performing companies in
Sweden in a sustainability ranking by Lund University
Net Asset Value
• Public, Private, Net Cash / (Debt), SEKbn
72.4
5.4
34.9
32.6
2021 Q4
Investments
5.7
58.0
12.5
15.6
30.6
2022 Q3
Investment Activity
Full-Year 2022, SEKbn
(7.0)
52.9
4
10.4
14.6
28.8
2022 Q4
Divestments Net Investments
(1.3)
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