Touch Ventures Ltd. · ASX:TVL
Touch Ventures — FY2021 Earnings Presentation
18 slides from Touch Ventures's earnings presentation, Feb 24, 2022
Slide 1: Annual Results Presentation
For personal use only ANNUAL RESULTS PRESENTATION For the financial year ending 31 December 2021
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: Table of Contents
For personal use only 1. ABOUT TOUCH VENTURES TABLE OF CONTENTS 2. FY21 HIGHLIGHTS & PORTFOLIO UPDATE 3. FINANCIAL RESULTS 3
Slide 4: About Touch Ventures
For personal use only SECTION 1 ABOUT TOUCH VENTURES
Slide 5: 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 6: 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 7: 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
Slide 8: FY21 Highlights & Portfolio Update
For personal use only SECTION 2 FY21 HIGHLIGHTS & PORTFOLIO UPDATE
Slide 9: FY21 Highlights
FY21 HIGHLIGHTS FY21 has been a significant year for Touch Ventures For personal use only Highlights Key Metrics (as at 31 December 2021) ✓ Net positive fair value movement of $15.7m (excluding foreign exchange movements) for FY21 as a result of increases in the value of our NTA per share: $0.27 i
Slide 10: Ecosystem and Opportunities
ECOSYSTEM AND OPPORTUNITIES The opportunity pipeline is growing, with 17 opportunities currently under review across retail innovation, payments, BNPL, lending across the US, Europe, South America, Asia and Australia For personal use only Key segments / sectors1 Outcome of Screening Invested Other,
Slide 11: Portfolio Update
PORTFOLIO UPDATE During 2021, Touch Ventures made 10 new investments and 2 follow-on investments Carrying Carrying For personal use only Initial Investment Company Business Description Value Value Investment Amount (31 Dec 2020) (31 Dec 2021) Sendle is an Australian & U.S. based virtual parcel couri
Slide 12: Core Portfolio Highlights
CORE PORTFOLIO HIGHLIGHTS For personal use only Investment Date June 2021 Investment Date Oct 2020 Investment Date Jan 2021 Amount Invested US$25.0m / $32.6m Amount Invested US$10.0m / $14.1m Amount Invested $10.0m Carrying Value US$25.0m / $34.4m Carrying Value US$24.9m / $34.4m Carrying Value $10.
Slide 13: Core Portfolio Highlights (contd.)
CORE PORTFOLIO HIGHLIGHTS (CONTD.) For personal use only Investment Date Feb 2020 Investment Date July 2021 Investment Date Nov 2021 Investment Date Nov 2021 Amount Invested $14.2m Amount Invested US$5.0m / Amount Invested $5.0m Amount Invested $4.5m $6.6m Carrying Value $9.1m Carrying Value US$5.0m
Slide 14: Market Outlook and FY22 Focus Areas
MARKET OUTLOOK AND FY22 FOCUS AREAS The investment team remains focused on new investment opportunities and management of the current portfolio For personal use only Early 2021 saw increased enthusiasm in the market and economy with vaccine rollouts and general easing of COVID-19 cases. Significan
Slide 15: Financial Results
For personal use only SECTION 3 FINANCIAL RESULTS
Slide 16: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION Cash on hand of $78.7 million For personal use only $000 Note 31 December 2021 31 December 2020 Cash and cash equivalents 1 78,658 27,241 Trade and other receivables 161 - Prepayments 359 2 Other current assets 175 10,051 Total current assets 79,353 37,294 Intangible
Slide 17: Statement of Comprehensive Income
STATEMENT OF COMPREHENSIVE INCOME Net gain on financial assets at fair value of $15.7 million Notes For personal use only $000 Notes FY21 FY20 Net gain on financial assets at fair 1. Represents increase in value of investments in 1 15,690 - value Happay, Refundid and Sugar Capital offset by a Other
Slide 18: Further Information
FURTHER INFORMATION For personal use only W: www.touchventures.com E: investors@touchventures.com THANK YOU