Touch Ventures Ltd. · ASX:TVL

Touch Ventures — H1 2023 Earnings Presentation

15 slides from Touch Ventures's earnings presentation, Aug 10, 2023

  1. Slide 1: Interim Results Presentation HY23

    For personal use only INTERIM RESULTS PRESENTATION For the half year ended 30 June 2023 (HY23)

  2. 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 information about Touch Ventures’ activities current at the date of this presentation. The information is given in summary form and does not purpor

  3. Slide 3: HY23 Summary

    HY23 SUMMARY Achieved first cash exit. Well positioned with cash of $62.8m Summary For personal use only  Net loss for the period of $1.1m Key Metrics (as at 30 June 2023)  Gain of $4.5m from the sale of Basiq with $4.1m profit realised to- date and a further $0.8m1 subject to escrow conditions 

  4. Slide 4: US Market Update

    US MARKET UPDATE  Interest rates have continued its upward trend in 2023 in US Market Performance from 1 Jan 20231 the US – beginning to stabilise as inflation slows 200 NASDAQ Composite S&P 500 NYSE FANG+ Index For personal use only  While the equity markets have improved recently, the 180 177 ma

  5. Slide 5: Australia Market Update

    AUSTRALIA MARKET UPDATE  Australia continues to follow global market trends, but AU Market Performance from 1 Jan 20201 lagging the US market in key economic indicators 125 S&P/ASX 200 For personal use only  Over the past 18 months, Australian public markets have remained fairly stable 108 100  P

  6. Slide 6: Investment Strategy & Focus Areas

    INVESTMENT STRATEGY & FOCUS AREAS Focused on deploying capital into new opportunities, beyond fintech & retail tech  Lowered capital deployment as we navigated economic and market conditions For personal use only  Working with existing portfolio to enhance prospects and/or create liquidity  Small

  7. Slide 7: Portfolio Update

    PORTFOLIO UPDATE $62.8m of cash on hand following the exit from Basiq, our first realisation and return of capital Portfolio as at 30 June 2023 (NAV: $123.1m)  Net asset position of $123.1m (17c/share) (31 Dec 22: $124.5m) For personal use only  Cash of $62.8m1 (9c/share), ~51% of the net asset va

  8. 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$27.8m / Amount Invested US$10.0m / Amount Invested $22.3m $36.5m $13.6m (including debt) Carrying Value US$10.6m / Carrying Value US$7.2m / Carrying Value (

  9. Slide 9: Core Portfolio Highlights (contd.)

    CORE PORTFOLIO HIGHLIGHTS (CONTD.) For personal use only Investment Date Nov 2021 Investment Date Nov 2021 Investment Date Sep 2021 Amount Invested $5.0m Amount Invested $4.5m Amount Invested $2.4m Carrying Value $1.0m Carrying Value $4.5m Carrying Value $5.9m (30 June 2023) (30 June 2023) (30 June

  10. Slide 10: Summary Financial Position

    SUMMARY FINANCIAL POSITION Strong cash position with $62.8m of cash on hand at 30 June 2023 1. Strong cash position with $62.8m of cash on hand 31 December $000 Note 30 June 2023 2022 at 30 June 2023 a. Total cash includes term deposits of $55.0m For personal use only Cash and cash equivalents 1 7,7

  11. Slide 11: Statement of Comprehensive Income

    STATEMENT OF COMPREHENSIVE INCOME Net loss of $1.1m, including gain from the sale of Basiq and impairment of loan to Planpay $000 Notes HY23 HY22 1. Fair value movement of $4.2m across the portfolio Net gain/(loss) on financial assets at fair 1 4,186 (31,949) ($4.5m related to Basiq) value For perso

  12. Slide 12: Outlook

    OUTLOOK  Economic conditions and higher interest rate environment continues to create challenges for loss making technology companies – conditions appear to be stabilising For personal use only  Private company valuations are returning to more reasonable levels, with more attractive investment ter

  13. Slide 13: Further Information

    FURTHER INFORMATION For personal use only W: www.touchventures.com E: investors@touchventures.com THANK YOU

  14. Slide 14: Appendix

    For personal use only APPENDIX

  15. Slide 15: Portfolio Summary

    PORTFOLIO SUMMARY Fair Fair Initial Investment Company Business Description Value Value Investment Amount1 (30 Jun 23)2 (31 Dec 22) For personal use only Sendle is an Australian & U.S. based virtual parcel courier platform US$27.8m US$10.6m / US$10.2m / June 2021 targeting SMB eCommerce merchants. /

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