Kinnevik Results Presentation Deck
Intro
PLATFORMS & MARKETPLACES
Customer centric last-mile
logistics platform specialised
for e-Commerce businesses
Fair Value SEK 2.4bn
Kinnevik Stake 27%
Sweden's leading independent
online grocery retailer, reaching
more than half of all Swedish
households
Fair Value SEK
Kinnevik Stake
Net Asset Value
Fair Value SEK
Kinnevik Stake
194m
31%
The leading online grocery store
in Norway, with the ambition to
make grocery shopping an effort-
less activity
KINNEVIK
645m
21%
Interim Report - Q3 2022
Number of New Merchants
268
Q32021
2736
Q2 2021
385
Revenues LTM (SEKm)
2 404
Q4 2021
Q2 2021
Portfolio Overview
2727
Q3 2021
Revenues LTM (NOKm)
Mathem
2471
Q3 2021
357
Q1 2022
2 648
Q4 2021
oda
2484
448
Q4 2021
Q2 2022
2 545
Q1 2022
2 509
Q1 2022
budbee
238
Q3 2022
2 482
Q2 2022
2 642
Sustainability
Q2 2022
In September, Budbee and Instabox announced they are joining forces in the new combined
company Instabee. The combination, subject to approval from the Swedish Competition Authority,
would create 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. Kinnevik
first invested in Budbee in 2018 and since then, the company has grown its revenues by 10x.
Kinnevik's aggregate return on our investment in Budbee corresponds to over 5x to date and our
first investment in 2018 have generated a return of 14x. This serves as a true testament to Kinnevik's
unique ability to invest early and back our companies consistently through their development.
Number of Completed Deliveries LTM (m)
2.5
Q2 2021
1.9
2.7
Q2 2021
Q3 2021
2.0
2.3
Q3 2021
Q4 2021
Number of Completed Deliveries LTM (m)
Financial Statements
2.0
Q4 2021
2.2
Q1 2022
2.1
Q1 2022
2.1
Q2 2022
2.3
Other
Q2 2022
ā Common
Residential brand and tech-
enabled managed rental
housing marketplace in the US
Fair Value SEK
Kinnevik Stake
109m
14%
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