Kinnevik Results Presentation Deck slide image

Kinnevik Results Presentation Deck

Intro SEKM NET ASSET VALUE LEGACY ASSETS, FINANCIAL POSITION & TOTALITY 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 19.1 Net Invested Cash Net Asset Value KINNEVIK SEKbn 32.3 Fair Value 2022 Q2 Vintage Interim Report Q2 2022 1993 Portfolio Overview Tele2 33% Ownership 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. 20% 6% Listed Growth Value Q2 2022 16 025 48 341 Unlisted Growth 61% ) 17 218 -3 626 13 592 -793 61 140 218.32 164.75 Sustainability Composition of Portfolio Value Per quarter-end Tele2 33% 2016-21 Investments 64% Financial Statements 3% Pre 2016 Investments Value Q1 2022 26 735 63 595 8 595 -3 618 4 977 -713 67 859 243.50 247.05 Other Value Q4 2021 24 240 67 541 10 549 -5 165 5 384 -534 72 391 259.86 323.95 ASSESSMENTS OF FAIR VALUE OF UNLISTED INVESTMENTS Value Q2 2021 21 72 516 7 329 -3 009 4 320 -658 76 178 274.05 344.80 In assessing the fair value of our unlisted investments, we apply IFRS 13 and the International Private Equity and Ven- ture Capital Valuation Guidelines, whereunder we make an assessment to establish the valuation methods and points of reference that are most suitable and relevant in deter- mining the fair value of each of our unlisted investments. Read more in Note 4 on pages 29-33. MORE → 9
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