Touch Ventures Ltd. · ASX:TVL
Touch Ventures — H1 2022 Earnings Presentation
18 slides from Touch Ventures's earnings presentation, Aug 25, 2022
Slide 1: Interim Results Presentation HY22
For personal use only INTERIM RESULTS PRESENTATION For the half year ended 30 June 2022 (HY22)
Slide 2: Disclaimer
DISCLAIMER For personal use only The material in this presentation has been prepared by Touch Ventures Limited (“Touch Ventures”) ABN 96 612 559 958 and is general background information about Touch Ventures’ activities current at the date of this presentation. The information is given in summary fo
Slide 3: HY22 Highlights
HY22 HIGHLIGHTS Touch Ventures recognised a loss for the period of $29.7m. Well positioned with cash of $64.1m For personal use only Highlights Net loss for the period of $29.7m Key Metrics (as at 30 June 2022) Driven by revaluation of investment in Happay (Chinese BNPL investment) to US$1.1m /
Slide 4: Market Conditions
MARKET CONDITIONS Listed technology company valuations have reduced and is now also impacting private companies For personal use only Public market valuations, particularly within 50m S&P/ASX Tech Index S&P/ASX 200 180 technology sector, have reduced significantly 45m 160 This has had an impact
Slide 5: Opportunities / Pipeline
OPPORTUNITIES / PIPELINE While deal flow is still strong with over 120 opportunities reviewed in the half, we have taken a more cautious approach to progressing new opportunities For personal use only Key segments / sectors1 Outcome of Screening Watching Invested Brief 1% Other, 27% 15% Finance, 39%
Slide 6: Portfolio Update
PORTFOLIO UPDATE We revised our portfolio valuations following a detailed review as at 30 June 2022 Portfolio as at 30 June 2022 (NAV: $160.1m) For personal use only LayAway $12.0m Happay 8% $1.7m Completed a detailed review of the portfolio 1% Basiq valuations, announced to the market on $10.0m 6
Slide 7: Core Portfolio Highlights
CORE PORTFOLIO HIGHLIGHTS For personal use only Investment Date June 2021 Investment Date Oct 2020 Investment Date July 2021 Investment Date Feb 2020 Amount Invested US$25.0m / Amount Invested US$10.0m / Amount Invested US$10.0m Amount Invested $17.2m $32.6m $14.1m / $13.6m Carrying Value US$25.0m /
Slide 8: Core Portfolio Highlights (contd.)
CORE PORTFOLIO HIGHLIGHTS (CONTD.) For personal use only Investment Date Jan 2021 Investment Date Nov 2021 Investment Date Nov 2021 Investment Date Sep 2021 Amount Invested $10.0m Amount Invested $5.0m Amount Invested $4.5m Amount Invested $1.9m Carrying Value $10.0m Carrying Value $5.3m Carrying Va
Slide 9: Outlook
OUTLOOK The investment team remains focused on the current portfolio and will cautiously review new opportunities to deploy capital For personal use only Well-positioned to invest in existing portfolio and new opportunities with $64.1m of cash on hand Maintain focus on our existing portfolio C
Slide 10: Further Information
FURTHER INFORMATION For personal use only W: www.touchventures.com E: investors@touchventures.com THANK YOU
Slide 11: Appendix: Portfolio & Detailed Financials
For personal use only APPENDIX 1 PORTFOLIO & DETAILED FINANCIALS
Slide 12: Portfolio Update
PORTFOLIO UPDATE In HY22, Touch Ventures continued to support its existing portfolio with 4 follow-on investments For personal use only Capital June 2022 December 2021 Company Initial Investment Business Description invested1 Carrying Value2 Carrying Value Sendle is an Australian & U.S. based virtua
Slide 13: Summary Financial Position
SUMMARY FINANCIAL POSITION Strong cash position with $64.1m of cash on hand at 30 June 2022 For personal use only $000 Note 30 June 2022 31 December 2021 Cash and cash equivalents 1 64,069 78,658 Trade and other receivables 131 161 Prepayments 176 359 Other current assets 36 175 Total current assets
Slide 14: Statement of Comprehensive Income
STATEMENT OF COMPREHENSIVE INCOME Touch Ventures reported a net loss for the period of $29.7m For personal use only $000 Notes HY22 HY21 Notes Net (loss)/gain on financial assets at 1 (31,949) 14,766 1. Material impacts from a reduction in the value of fair value investment in Happay and an early-st
Slide 15: Appendix: About Touch Ventures
For personal use only APPENDIX 3 ABOUT TOUCH VENTURES
Slide 16: About Touch Ventures
ABOUT TOUCH VENTURES For personal use only Touch Ventures is an investment holding company focused on high growth, scalable investment opportunities globally, including those who may benefit from Afterpay's ecosystem Touch Ventures’ key objectives are to: Deliver long-term absolute returns to sh
Slide 17: Investment Strategies
INVESTMENT STRATEGIES Our core investment strategy is to target minority positions, typically investing $10m - $25m or more in growth-stage unlisted companies in retail innovation, consumer, finance and data segments For personal use only Core Investment Strategy Early-Stage Investment Strategy “P
Slide 18: What Differentiates Touch Ventures?
WHAT DIFFERENTIATES TOUCH VENTURES? Touch Ventures is uniquely positioned in the Australian and global market with long term permanent capital to deploy For personal use only Listed Entity Exposure for investors to hard to access asset class Patient capital focussed on long-term returns Self-s