Investor Presentaiton
5 Public Offerings & 2 Exits in the First Two Years
Since Inception to June 30, 2019
PUBLIC
OFFERINGS
EXITS
Footnotes:
众安保险
ZhongAn Insurance
平安好医生
PINGAN GOOD DOCTOR
GUARDANT
Uber
⚫il: slack
Sep 2017
May 2018
Oct 2018
May 2019
June 2019
Aug 2018
Jan 2019
Flipkart
NVIDIA.
Expected
Upcoming IPOs²
wework
CloudMinds
Recent Public Offerings
Uber, Slack
Gross MOIC¹: 1.5X
Investment Cost: $8.0B
Fair Value¹: $11.7B
Gross Unrealized Gains¹: $3.7B
1. Information is presented on an aggregated basis for Uber and Slack. It includes valuation uplifts that reflect unrealized estimated amounts, does not take into account taxes or expenses at the time of exit that
would reduce the value of returns experienced by investors, and should not be construed as indicative of actual or future performance.
2. The Expected Upcoming IPOs listed above have been publicly announced by WeWork and Cloudminds. The timing of any IPO will be determined by the applicable company and is subject to certain regulatory
approvals and market conditions. There can be no guarantee such IPO will be completed in a certain time frame or at all.
Exits, Public Offerings, and Expected Upcoming IPOs information is presented on an aggregated basis across the Vision Fund and Delta Fund and is solely for illustrative purposes. Individual investors' results may
vary. The Delta Fund did not have any investment exits or public offerings during the period. As of June 30, 2019, the Delta Fund did not hold any investments. It should not be assumed that investments made in
the future will be comparable in quality or performance to investments described herein. References to specific investments should not be construed as a recommendation of any particular investment or security.
Select investments have been presented to illustrate examples of the Vision Fund's investments that have undergone a public offerings and do not purport to be a complete list of the Fund's investments. Please
refer to visionfund.com/portfolio for a complete list of the Vision Fund's investments. Net performance for the subset of investments described above cannot be calculated without making arbitrary assumptions
about allocations of fees and expenses, and for that reason is not included herein.
SoftBank Vision Fund
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