Touch Ventures Ltd. · ASX:TVL
Touch Ventures — FY2022 Earnings Presentation
15 slides from Touch Ventures's earnings presentation, Feb 16, 2023
Slide 1: Annual Results Presentation
For personal use only ANNUAL RESULTS PRESENTATION For the financial year ending 31 December 2022
Slide 2: Disclaimer
DISCLAIMER The material in this presentation has been prepared by Touch Ventures Limited (“Touch Ventures”) ABN 96 612 559 958 and is general background For personal use only information about Touch Ventures’ activities current at the date of this presentation. The information is given in summary fo
Slide 3: Table of Contents
For personal use only 1. FY22 REVIEW TABLE OF 2. PORTFOLIO UPDATE CONTENTS 3. FINANCIAL RESULTS 4. FY23 OUTLOOK 3
Slide 4: FY22 Review
FY22 REVIEW We have experienced significant changes in the market environment since launching our investment strategy and have had to adjust our approach and adapt to these changes For personal use only 200 2022 Experienced higher interest rate Early 2020 environment, slowing growth with 180 inflati
Slide 5: FY22 Review (contd.)
FY22 REVIEW (CONTD.) Technology companies, particularly if not profitable, have US Listed SaaS Valuations (Jan 2020 to Dec 2022) For personal use only been impacted the most 35x SaaS business valuations have reduced from ~30x NTM revenue in November 2021 to ~7x NTM Revenue in 30x December 20221,
Slide 6: FY22 Summary Results
FY22 SUMMARY RESULTS $124.5m of portfolio value including cash of $53.7m1 For personal use only Summary Recognised a net loss on our investments of $66.5m (excluding foreign Key Metrics (as at 31 December 2022) exchange movements) due to the revaluation of Sendle, Postpay, Till Payments and Happay
Slide 7: Portfolio Update
PORTFOLIO UPDATE We proactively revalued our assets in response to market conditions. Our cash position gives us an ability to deploy into assets at lower valuations Portfolio as at 31 December 2022 (NAV: $124.5m) For personal use only PlanPay Equity $12.0m PlanPay Debt Completed a review of the p
Slide 8: Core Portfolio Highlights
CORE PORTFOLIO HIGHLIGHTS For personal use only Investment Date June 2021 Investment Date July 2021 Investment Date Feb 2020 Amount Invested US$27.4m / Amount Invested US$10.0m / Amount Invested $19.3m $36.0m $13.6m Carrying Value US$10.2m / Carrying Value US$7.2m / Carrying Value $14.1m (31 Decembe
Slide 9: 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 $2.4m Carrying Value $10.1m Carrying Value $1.2m Carrying Va
Slide 10: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION TVL remains well positioned with $53.7m available cash For personal use only $000 Note 31 December 2022 31 December 2021 Cash and cash equivalents 1 38,721 78,658 Trade and other receivables - 161 Prepayments 453 359 Other current assets 15,077 175 Total current asset
Slide 11: Statement of Comprehensive Income
STATEMENT OF COMPREHENSIVE INCOME Notes $000 Notes FY22 FY21 Net (loss)/gain on financial assets at For personal use only 1 (66,457) 15,690 1. Represents a decrease in fair value of investments fair value in Sendle, Happay, Postpay, Till Payments and Other income - 2 companies under our early-stage
Slide 12: Market Outlook and FY23 Focus Areas
MARKET OUTLOOK AND FY23 FOCUS AREAS Valuations have reduced and we are well positioned to make new investments on attractive terms For personal use only Market conditions in 2022 were challenging, with economic and geopolitical headwinds. We reviewed more opportunities but made fewer investments t
Slide 13: Further Information
FURTHER INFORMATION For personal use only W: www.touchventures.com E: investors@touchventures.com THANK YOU 13
Slide 14: Appendix
For personal use only APPENDIX
Slide 15: Portfolio Summary
PORTFOLIO SUMMARY During 2022, Touch Ventures made 7 investments, including 4 follow-on investments Fair Fair For personal use only Initial Investment Company Business Description Value Value Investment Amount (31 Dec 2021) (31 Dec 2022) Sendle is an Australian & U.S. based virtual parcel courier pl