Seraphim Space Investment Trust Plc Class C · LSE:SSIC
Seraphim Space Investment Trust Plc Class C — Q1 FY23/24 Earnings Presentation
13 slides from Seraphim Space Investment Trust Plc Class C's earnings presentation, November 2023
Slide 1: Seraphim Space Investment Trust plc Quarterly Report
seraphim space investment trust plc QUARTERLY REPORT – Three months ended 30 September 2023
Slide 2: Three months to 30 Sep 2023 headlines
three months to 30 sep 2023 headlines • Portfolio valuation increased by £12.4m to £199.9m • Portfolio fair value up at 102.8% of cost • 2 new investments (£0.9m) and 3 follow-on transactions (£3.3m) • NAV per share up from 92.90p to 96.51p • Net assets of £229m and market capitalisation of £103m as
Slide 3: Seraphim playbook
seraphim playbook headlines Proprietary Unique Industry Investment Committee Deal flow Model Backing Top Entrepreneurs Investment Fund OPTIONS Accelerator Programme Mark James Sarah Boggett Bruegger Shackleton Information Asymmetry Thought Leaders Global VC Investor Ecosystem Value-add Investors on
Slide 4: Financial highlights as at 30 Sep 2023
financial highlights as at 30 sep 2023 Share NAV Market Net Portfolio NAV per price per capitalisation assets valuation share share 43.25p 96.51p £ 103m £ 229m £ 200m SSIT share price vs. various indices from 30 Sep 2022 to 16 Nov 2023 (£, total return rebased to 100) 150 SSIT NAV per share and shar
Slide 5: Attribution analysis 3 months to 30 Sep 2023
attribution analysis 3 months to 30 sep 2023 Attribution analysis of movements in the value of investments (£m) 205 200 6.1 199.9 103% Portfolio fair value vs. cost 195 2.2 £200m 3.3 0.0 0.0 190 0.9 187.4 Fair value of portfolio as at 30 Sep 2023 185 £4.1m 180 Aggregate cost of investments during pe
Slide 6: Balance sheet as at 30 Sep 2023
balance sheet as at 30 sep 2023 NAV bridge (£m) 232 £6.5m 230 8.3 0.0 increase in NAV 0.0 0.1 228.9 (3% increase) -0.7 -0.2 NAV NAV NAV NAV 228 NAV per per per per per share share share share share 3.50p -0.30p -0.10p 0.06p 96.51p £30m 226 NAV per liquid resources share 224 -0.42p (13% of NAV) NAV 2
Slide 7: Q1 FY23/24 investments
q1 fy23/24 investments Investments made during the period Company Segment HQ Type Cost £m ALL.SPACE Downlink UK Follow-on 2.8 2 early stage New investment 0.9 investments 2 early stage investments Follow-on 0.5 Total 4.1 5 2 £4.1m Transactions completed New investments Cash deployed
Slide 8: Recent key portfolio developments
recent key portfolio developments D-Orbit Astroscale First close of its over €100m Series Astroscale Japan awarded grant of C round, led by Marubeni up to $80m by Government of Corporation (subject to regulatory Japan to inspect a large defunct approval). satellite in orbit. Awarded $25.5m agreemen
Slide 9: Portfolio as at 30 Sep 2023
portfolio net asset value as at 30 sep 2023 Summary by value Company FV £m NAV ICEYE 47.4 20.7% D-Orbit 26.8 11.7% ALL.SPACE 25.0 10.9% HawkEye 360 21.8 9.5% Build Seedcorn SatVu 14.7 6.4% Launch Minicorn Platform LeoLabs 13.6 6.0% Soonicorn Downlink Astroscale 10.2 4.5% Unicorn Analyse Altitude Ang
Slide 10: Q1 FY23/24 review and outlook for rest of 2023/24
Q1 fy23/24 review • SpaceTech Investment over the 12 months to Sept 2023 reached $5.6bn, an increase of 24% from the previous quarter. Q3 CY23 (Q1 FY23/24) investment stands at $1.6bn, a 33% increase from the previous quarter. • M&A activity in the sector has reached all-time highs with multi- billi
Slide 11: Top 10 investments
top 10 investments 11 2 3 4 5 Global change detection every hour In-orbit last mile delivery One antenna to connect to any satellite Mapping the world’s The world’s thermometer RF signals Web: iceye.com Web: dorbit.space Web: all.space Web: he360.com Web: satellitevu.com HQ: Finland HQ: Italy HQ: UK
Slide 12: Top 10 investments
top 10 investments 6 76 8 9 10 7 Mapping the skies Servicing the in-space economy The operating system for the skies Insuring the uninsurable Operationalising weather intelligence Web: leolabs.space Web: astroscale.com Web: altitudeangel.com Web: planetwatchers.com Web: tomorrow.io HQ: US HQ: Japan
Slide 13: Further information
further information Company Information Key Financials as at 30 Sep 2023 Board of Directors Brokers NAV per share 97p Will Whitehorn (Non-executive Director / Chair) Deutsche Numis, 45 Gresham Street, London, EC2V 7AF Share price (as at 30 Sep 2023) 43p Sue Inglis (Non-executive Director / Senior In
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