Kinnevik Results Presentation Deck slide image

Kinnevik Results Presentation Deck

Intro NET ASSET VALUE TELE2, FINANCIAL POSITION & TOTALITY SEKM Tele2 Total Portfolio Value Gross Cash Gross Debt Net Cash / (Debt) Other Net Assets/(Liabilities) Total Net Asset Value Net Asset Value Per Share, SEK Closing Price, Class B Share, SEK Note: Growth Portfolio 32.3 Invested Capital Net Asset Value KINNEVIK SEKbn 42.4 8.6 33.9 Fair Value & Released Capital Vintage Interim Report - Q2 2023 1993 Portfolio Overview Tele2 27% Ownership 20% 3% Listed Growth Value Q2 2023 12 283 Unlisted Growth 70% 46 151 tAssets/(Liabilities) include the reservation from Q4 2020 regarding a potential capital gains tax liability of SEK 0.8bn relating to the merger between Teladoc and Livongo, based on the rules for accounting for uncertain tax positions in IFRIC 23. 12 518 - 3 732 8 786 - 887 54 050 191.93 149.70 Sustainability Composition of Portfolio Value At Quarter-End Tele2 27% 2016-23 Investments 72% Financial Statements 1% Pre 2016 Investments Value Q1 2023 14 188 45 737 14 242 - 3 736 10 506 - 783 55 460 198.02 154.55 Other Value Q4 2022 11 752 43 385 14 134 - 3 747 10 387 - 866 52 906 188.90 143.50 Value Q2 2022 16 02 48 341 17 218 -3 626 13 592 -793 61 140 218.32 164.75 OUR FAIR VALUE ASSESSMENTS In assessing the fair value of our unlisted investments, we adhere to IFRS 13 and the International Private Equity and Venture Capital Valuation Guidelines. In Note 4 (pages 28-38), we outline the central parameters and drivers of our fair value assessment per NAV category. MORE → 9
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