Softbank Group Corp. · TSE:9984
Softbank — FY2021 Q4 Earnings Presentation
31 slides from Softbank's earnings presentation, May 2022
Slide 1: Investor Briefing
QUARTER ENDED MARCH 31, 2022 Investor Briefing SoftBank Vision & LatAm Funds NAVNEET GOVIL Managing Partner & Chief Financial Officer SoftBank Investment Advisers
Slide 2: Important Information (1 of 2)
2 Important Information (1 of 2) This presentation (this “Presentation”) is furnished to you for informational purposes in connection with the interests of SoftBank Group Corp. (together with its affiliates, “SoftBank”) in SoftBank Vision Fund L.P. (together with, as the context may require, any par
Slide 3: Important Information (2 of 2)
3 Important Information (2 of 2) Vision Fund I performance herein is based on unrealized valuations of portfolio investments. Valuations of unrealized investments are based on assumptions and factors (including, for example, as of the date of the valuation, average multiples of comparable companies,
Slide 4: Topics
4 Topics 01- Progress & Highlights 02- Performance & Impact on SoftBank Group (SBG) 03- In Focus: A Broadening Investment Platform
Slide 5: Progress & Highlights
Progress & Highlights == OoftBank Investment Advisers
Slide 6: A Volatile & Uncertain Market Backdrop
P RO G RE S S & H I G H L I G H T S 6 A Volatile & Uncertain Market Backdrop Rising Inflation & PROGRESS & HIGHLIGHTS Geopolitical Energy Policy Responses Risks Shock Consumer Price Index1 Geopolitical Risk Index2 Price per Barrel - Oil ($)1 % Change YoY Index Level: +8.5% 1.27 $127.98 2010 2012 201
Slide 7: Market Impact on Assets Under Management
SVF1 SVF2 LATAM P RO G RE S S & H I G H L I G H T S 7 Market Impact on Assets Under Management AUM Since Inception COVID-19 & Regulatory Developments March 2022 AUM1 Digital Acceleration & Market Volatility SVF1 $118.5B SVF2 $47.7B LatAm $9.4B SVF2 & LatAm $0.0B March 2022 $175.6B TOTAL AUM2 SVF1 $0
Slide 8: Performance Snapshot
SVF1 SVF2 LATAM 8 SoftBank SoftBank SoftBank Vision Fund 1 Vision Fund 2 LatAm Funds Combined Total Commitment $98.6B $56.0B $7.6B $162.2B Effective April 13, 2022 PROGRESS & HIGHLIGHTS Performance Acquisition Cost1 $87.7B $46.9B $7.0B $141.6B Snapshot Cumulative $30.8B $0.8B $2.4B $34.0B Investment
Slide 9: Continued Conviction in the AI Revolution
SVF2 P RO G RE S S & H I G H L I G H T S 9 Continued Conviction in the AI Revolution As of March 31, 2022 Select New Investments1 $46.9B $4.5B Dec-21 to Mar-22 $42.4B Inception to Dec-21 Total Acquisition Cost1 Footnotes: 1. Total Acquisition Cost includes cumulative cost from Inception of SoftBank
Slide 10: Portfolio Overview
SVF2 P RO G RE S S & H I G H L I G H T S 10 Portfolio Overview As of March 31, 2022 PORTFOLIO COST BY SECTOR (%) 252 $46.9B Logistics Frontier Tech Consumer Transportation Enterprise Total Total Acquisition Investments1 Cost2 Edtech Proptech Health Tech Fintech PORTFOLIO COST BY GEOGRAPHY ($B) $11.9
Slide 11: Disciplined Monetization Strategy
SVF1 P RO G RE S S & H I G H L I G H T S 11 Disciplined Monetization Strategy Full & Partial Exits | Inception to March 31, 2022 Portfolio Gross Realized Gross Realized Holding Period Company Proceeds1 Gain2 (Years) Key Monetization PUBLIC SALE Metrics $5.8B $2.9B 1.3 Gross Realized $1.0B $0.7B 2.8
Slide 12: Distributions to Limited Partners
SVF1 P RO G RE S S & H I G H L I G H T S 12 Distributions to Limited Partners Since Inception to March 31, 2022 Total Distributions (A) (B) (C) (D) (E) = (B)-(C) Fund Drawn Return of Pref Coupon / 3 Outstanding 2 Commitment Capital 1 Capital Equity Gains 4 Capital 5 Preferred Equity $40.0B $36.2B $1
Slide 13: Portfolio Evolution
13 Total Fair Value (Realized & Unrealized) Exited & Public Fair Value Exited & Public1 Private2 LATAM SVF2 SVF1 PROGRESS & HIGHLIGHTS Exited & Public Fair Value Portfolio Evolution Exited & Public As of March 31, 2022 Fair Value 77% 42% 87% LATAM SVF2 SVF1 Footnotes: 1. Exited & Public Fair Value r
Slide 14: Portfolio Companies Maintain Healthy Access to Capital
SVF1 SVF2 LATAM P RO G RE S S & H I G H L I G H T S 14 Portfolio Companies Maintain Healthy Access to Capital Three-Month Period Ended March 31, 2022 20 Funding Series E Series E Series J-1 Series F Series B Series D Series E Rounds1 $6.0B Capital Series D Series C Series C Series C Series D Series
Slide 15: Performance & Impact on SoftBank Group (SBG)
15 Performance & Impact on SoftBank Group (SBG)
Slide 16: SVF1 Contribution to SBG, Net of 3rd Party Interests
16 SVF1 2022 Inception to Mar 31 SVF1 Fund Net Profit2 $19.1 PERFORMANCE & IMPACT ON SBG Less: Change in 3rd Party Contribution to Interests in Fund (9.4) SBG, Net of 3rd SBG LP Income: 9.7 Share of Fund Net Profit Party Interests1,3 SBG GP Income: Amounts in USD Billions 3.4 Management & Performanc
Slide 17: Contribution to SBG (SVF1)
17 SBG Paid-In Capital4 SVF1 PERFORMANCE & IMPACT ON SBG Contribution to SBG SBG Total Value5 Net Asset Value1 As of March 31, 2022 Distributions2 Accrued & Paid Performance Fees3 Footnotes: 1. Net Asset Value includes net changes in fair value of financial assets at fair value through profit or los
Slide 18: Contribution to SBG (SVF2)
18 SBG Paid-In Capital3 SVF2 PERFORMANCE & IMPACT ON SBG Contribution to SBG SBG Total Value4 As of March 31, 2022 Net Asset Value1 Distributions2 Footnotes: 1. Net Asset Value includes net changes in fair value of financial assets at fair value through profit or loss (FVTPL) which is based on valua
Slide 19: Contribution to SBG (LatAm)
19 SBG Paid-In Capital3 LATAM PERFORMANCE & IMPACT ON SBG Contribution to SBG SBG Total Value4 As of March 31, 2022 Net Asset Value1 Accrued Performance Fees2 Footnotes: 1. Net Asset Value includes net changes in fair value of financial assets at fair value through profit or loss (FVTPL) which is ba
Slide 20: In Focus: A Broadening Investment Platform
20 In Focus: A Broadening Investment Platform
Slide 21: Our Global Platform Continues to Expand
SVF1 SVF2 LATAM A B RO A D E NI NG I NV E S T M E NT P L A T F O RM 21 Our Global Platform Continues to Expand Shared Vision, Amplified Ambition Assets under Management $175.6B1 Global Offices 14 Total Investments2 449 OUR THESIS SVF1 94 Large Addressable SVF2 252 Market SILICON VALLEY LONDON LATAM
Slide 22: The Evolution of Our Investing Platform
SVF1 SVF2 LATAM A B RO A D E NI NG I NV E S T M E NT P L A T F O RM 22 The Evolution of Our Investing Platform As of March 31, 2022 SVF1 SVF2 LATAM 2022: Integration of SVF1 SVF2 SoftBank LatAm Funds 2019: End of Investing Period for Vision Fund 1 Continued conviction in the AI revolution 2019: Laun
Slide 23: The SoftBank LatAm Funds
LATAM A B RO A D E NI NG I NV E S T M E NT P L A T F O RM 23 The SoftBank LatAm Funds OUR DIFFERENTIATORS Partnering with entrepreneurs defining the future of Latin America Regional GDP1 Brazil | Mexico | Miami Footnotes: 1. The World Bank. 2020 GDP - Latin America & Caribbean. The information provi
Slide 24: Our Investing Platform Spans Multiples Stages
LATAM A B RO A D E NI NG I NV E S T M E NT P L A T F O RM 24 Our Investing Platform Spans Multiples Stages As of March 31, 2022 Our multi-stage strategy is a EVOLVING INVESTMENT STRATEGY unique and powerful differentiator Global Investors lack local presence Growth Growth Equity Regional VCs Equity
Slide 25: Early Mover in a Market Ripe for Disruption
LATAM A B RO A D E NI NG I NV E S T M E NT P L A T F O RM 25 Early Mover in a Market Ripe for Disruption As of March 31, 2022 Annual VC Investment1 Active Global Investors 2019 $4.4B 2019 2021 $14.8B 2021 Footnotes: 1. Source: PitchBook. Why 2021 was a breakout year for Latin America's VC ecosystem.
Slide 26: The Leading Global Tech Investor in Latin America
26 # INVESTMENTS IN LATIN AMERICA, 2021 (SERIES A & UP) LATAM 30 A BROADENING INVESTMENT PLATFORM We are the partner of choice for LatAm The Leading Global entrepreneurs Tech Investor 18 in Latin America 14 11 As of March 31, 2022 10 8 6 6 6 6 5 Footnotes: Source: Pitchbook & SBIA Analysis. Includes
Slide 27: Invested in 32 Unicorns
LATAM 27 A BROADENING INVESTMENT PLATFORM Invested in 32 Unicorns As of March 31, 2022 1. Unicorns defined as investments with a value of over $1B. Undisclosed investments logos are not included. The Investments presented herein are solely for illustrative purposes, have been selected in order to de
Slide 28: SoftBank LatAm Funds Overview
LATAM A B RO A D E NI NG I NV E S T M E NT P L A T F O RM 28 SoftBank LatAm Funds Overview As of March 31, 2022 PORTFOLIO COST BY SECTOR (%) 103 $7.0B Logistics Consumer Transportation Enterprise Total Total Acquisition Investments1 Cost2 Edtech Proptech Fintech Other SELECT INVESTMENTS 7 32% Curren
Slide 29: Powering the Next Generation of Underrepresented Founders
A B RO A D E NI NG I NV E S T M E NT P L A T F O RM 29 Powering the Next Generation of Underrepresented Founders As of March 31, 2022 E M E R G E A C C E L E R AT O R Emerge Cohorts Total Investments1 VC Partners Footnotes: 1. Total Investments includes Investments from Fund Inception to March 31, 2
Slide 30: A Broadening Investment Platform
SVF1 SVF2 LATAM A B RO A D E NI NG I NV E S T M E NT P L A T F O RM 30 A Broadening Investment Platform Transportation Consumer [diandianxiaomi] Edtech Proptech [GOAT] Our Platform Health Tech Enterprise [Paypay] Logistics Fintech Frontier Tech The Investment logos presented herein are solely for il
Slide 31: Thank You
31 Thank You SoftBank Vision & LatAm Funds Investor Briefing Presentations Available at visionfund.com/presentations