Slide 1: Earnings Results for the Fiscal Year Ended March 31, 2018
Earnings Results for the Fiscal Year Ended March 31, 2018 May 9, 2018
Slide 2: Legal Disclaimers for SoftBank Presentation
Legal Disclaimers for SoftBank Presentation This presentation (this “Presentation”) is furnished to you for informational purposes and is not, and may not be relied on in any manner as, legal, tax, investment, accounting or other advice or as an offer to sell or a solicitation of an offer to buy lim
Slide 3: Disclaimer
Disclaimer This material was prepared based on information available and views held at the time it was made. Statements in this material that are not historical facts, including, without limitation, plans, forecasts and strategies are “forward-looking statements”. Forward-looking statements are by t
Slide 4: SB Synergy Group
SB Synergy Group Company that keeps growing for 300 years 2
Slide 5: Strategic Holding Company
— SoftBank Strategic Holding Company
Slide 6: Transformation from telecom business
IPO Agreed on preparation merger Transformation from telecom business 4
Slide 7: Telecom Business to Strategic Holding Company
Strategic Telecom Holding Business Company Accelerating SB Synergy Group strategy 5
Slide 8: Consolidated Results
Consolidated Results 6
Slide 9: Consolidated Results
Consolidated Results (JPY bn) FY2016 FY2017 Change YoY Net sales 8,901.0 9,158.8 +257.8 +3% Adjusted EBITDA 2,564.5 2,605.1 +40.6 +2% EBIT 1,026.0 1,303.8 +277.8 +27% Net income 1,426.3 1,039.0 -387.3 -27% excl.: sale of Supercell shares,* gain on sale of Alibaba shares, derivative loss, and US tax
Slide 10: Net Sales
Net Sales (JPY bn) 8,901.0 9,158.8 3,623.4 3,602 Sprint Up 3% Yahoo Japan 884.4 853.5 Domestic Telco 3,193.8 3,229.8 Decrease in telecom service revenue and increase in product & sales Others 1,230.3 1,442.6 FY2016 FY2017 *Arm’s earnings reflected since September 6, 2016 *Others = Distribution + Arm
Slide 11: Adjusted EBITDA
Adjusted EBITDA 2,605.1 2,564.5 (JPY) Up 2% 2003 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 ’16 ’17 *FY2013-14: excluding impact of GungHo & Supercell 9
Slide 12: Adjusted EBITDA
Adjusted EBITDA (JPY bn) 2,564.5 2,605.1 1,079.6 1,227.3 Sprint Mainly cost reduction effort Up 2% 239.5 Yahoo Japan 214.4 1,209 Domestic Telco 1,178.1 Upfront investment (Home Bundle Discount, customer rewards, etc.) Others *Arm's earnings reflected since September 6, 2016 FY2016 FY2017 *Others = D
Slide 13: EBIT
EBIT 1,303.8 (JPY bn) Up 27% 1.026.0 2003 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 ’16 ’17 Japanese-GAAP IFRSs *FY2013-14: excluding impact of GungHo & Supercell 11
Slide 14: EBIT
EBIT (JPY bn) 1,303.8 SVF Up 27% Valuation gain 303.0 (mainly from NVIDIA) 1,026.0 Sprint 186.4 279.3 Mainly cost reduction effort 189.8 179.3 Yahoo Japan Domestic Telco 719.6 683.0 Upfront investment (Home Bundle Discount, customer rewards, etc.) Others Mainly impairment of Brightstar *Arm's earnin
Slide 15: Net Income
Net Income 1,426.3 Down 27% (JPY bn) 1,039.0 FY2016 FY2017 Net income: net income to attributable to owners of the parent 13
Slide 16: Net Income
Net Income 1,583.7 Up 226% (JPY bn) 1,463.8 Gain on sale of Impact from changes to Alibaba shares Sprint’s deferred tax under provisions 796.4 of new US tax law 685.0 778.8 Sale of Supercell shares -424.8 Derivative loss (in relation to monetization of Alibaba shares) 548.4 238.9 -157.4 354.0 229.4
Slide 17: JPY 1.2t Reversal
*Tax effects are not included in the below amounts. *Simulation at time of settlement, assuming that share price is same as that as of Mar. 31, 2018 *Gain on sale of Alibaba shares is estimated based on the carrying amount of JPY 1.2t Alibaba shares on consolidated basis as of Mar. 31, 2018. *Amount
Slide 18: Financial Status
Financial Status Domestic Telco Other Businesses <Equity Holdings> (incl. Sprint acquisition cost) etc. Net interest- Net interest- JPY bearing debt JPY 3.0t bearing debt 6.7t Adjusted JPY 1.2t 2.6x Equity value of JPY 29% EBITDA holdings 22.9t * Net interest-bearing debt as of Mar. 31, 2018. Exclud
Slide 19: Net Interest-bearing Debt
Net Interest-bearing Debt (FYE March 2018) (JPY) 13.2t At time of Sprint Sprint / T-Mobile US merger Down 26% (3.4t) 9.8t Current At time of merger * * Excluding financial liabilities relating to sale of Alibaba shares by variable prepaid forward contract, net interest-bearing debt of Yahoo Japan (i
Slide 20: Interest Expenses (FY2017)
Interest Expenses (FY2017) (JPY bn) 516.1 After Sprint / T-Mobile US merger Sprint (267.1) Halved 249.0 Current After merger * * Assuming that interest expenses of Sprint in FY2017 are excluded. 18
Slide 21: Dividend per Share
Dividend per Share FY2016 FY2017 FY2018 (Plan) (Plan) Interim JPY 22 JPY 22 JPY 22 dividend Year-end JPY 22 JPY 22 JPY 22 dividend Annual JPY 44 JPY 44 JPY 44 dividend Continued dividend stability 19
Slide 22: Domestic Telco
ee OOftBank «x Domestic Telco
Slide 23: Domestic Telco EBIT
Domestic Telco EBIT Domestic Telco Temporary upfront (JPY bn) 719.6 investment 683.0 Turnaround in FY18 *Although the new revenue recognition standard (IFRS15) will be applied from FY2018, the forecast above is based on the revenue recognition ’14 ’15 ’16 ’17 ’18 (FY) standard (IAS18) that is being
Slide 24: Domestic Telco Free Cash Flow
Domestic Telco Free Cash Flow Domestic Telco (JPY bn) 561.8 511.5 Toward generating 402.2 stabilized FCF (>JPY 500bn) 113.3 * Free Cash Flow = operating cash flow + investing cash flow * IFRSs: excluding intercompany transactions with 2014 2015 2016 2017 (FY) SoftBank Group Corp. 22
Slide 25: Net Additions (smartphone)
Net Additions (smartphone) Domestic Telco 1.69m 1.58m 0.94m Steady growth ’15 ’16 ’17 (FY) *Net Additions = net additions of cumulative smartphone subscribers (including upgrades) 23
Slide 26: Cumulative Subs (smartphone)
Cumulative Subs (smartphone) EBIT Domestic Telco Steady expansion for both brands (FY) ’15 ’16 ’17 24
Slide 27: Cumulative Subs (Broadband subscribers)
Cumulative Subs (Broadband subscribers) Domestic Telco 7.04m Others (Yahoo! BB hikari with FLET’S, Yahoo! BB ADSL) 4.97m Steady growth ’15 Q2 Q3 Q4 ’16 Q2 Q3 Q4 ’17 Q2 Q3 Q4 (FY) Q1 Q1 Q1 *SoftBank Hikari includes the data of SoftBank Air 25
Slide 28: Yahoo! Shopping # of Buyers
Yahoo! Shopping # of Buyers Domestic Telco Total of “SoftBank” and “Y!mobile” users (via smart login) 2.22m 3x 0.76m ’17 ’18 Jan. - Mar. (Avg.) Jan. - Mar. (Avg.) 26
Slide 29: # of Linked IDs (Smart Login)
# of Linked IDs (Smart Login) 12m Domestic Telco Expanded collaboration 2015 2016 2017 2018 Apr. Apr. Apr. Mar. *Smart Login: Service that enables Yahoo! Japan auto-login by syncing with SoftBank smartphones 27
Slide 30: Collaboration with SoftBank Vision Fund
Collaboration with SoftBank Vision Fund 28
Slide 31: Further Growth Opportunities
Further Growth Opportunities Domestic Telco + Deploy cutting-edge business models to Japan Certain "SoftBank Vision Fund" investments described herein have not yet been acquired by SVF and are subject to pending regulatory approvals. The investments described herein represent a subset of the investm
Slide 32: Collaboration with WeWork
Collaboration with WeWork Domestic Telco Ark Hills South Marunouchi Shimbashi GINZA SIX Iceberg Hibiya Park (Roppongi) Kitaguchi (Open Apr.) (Open Apr.) (Jingumae, Front Harajuku) (Opening soon) (Open Feb.) (Open Mar.) (Opening soon) 2 new offices planned to open soon *Photos of Shimbashi, GINZA SIX
Slide 33: Collaboration with Plenty
Collaboration with Plenty Domestic Telco ✕ Japan deployment in progress (Note) This page is created based on the context of an article already issued by Reuters on January 17, 2018, and Plenty’s stance to expand its business internationally. 31
Slide 34: Collaboration with DiDi
Collaboration with DiDi Domestic Telco Taxi industry AI demand forecast technology Dispatch platform Expand business/ Enhance utilize customer relations efficiency Proposal to establish JV company by 2018 (Note) Investments in DiDi are held by SB Delta Fund (Jersey) L.P. and other subsidiaries of So
Slide 35: Collaboration with Boston Dynamics
Collaboration with Boston Dynamics ✕ Joint marketing to the construction industry * Investment in Boston Dynamics is not an SVF investment. Currently held by subsidiaries of SoftBank Group Corp. 33
Slide 36: Other Collaborations
Other Collaborations Domestic Telco (JV with Alibaba) (JV) Net sales # of IDs Total accounts 15x 6x 6x FY16 FY17 FY16 FY17 FY16 FY17 (Note) Investments from SoftBank Corp. 34
Slide 37: FY2018 Forecast
FY2018 Forecast Domestic Telco 1 Increase in revenue / profit 2 Generate stabilized FCF (JPY 500bn) *1 3 Promote “Beyond Carrier” strategy & enhance collaboration with SVF 4 IPO preparation *1 Including the impact of proceeds from securitization of installment receivables and their repayment. *Altho
Slide 38: Yahoo! Japan
YAHOO! JAPAN
Slide 39: Advertising Revenue
Advertising Revenue (JPY bn) 303.4 286.3 146.5 155.5 Display ads Up 6 Search ads 139.8 147.8 2013 ’14 ’15 ’16 ’17 (FY) 37
Slide 40: Shopping Transaction Value
Shopping Transaction Value ショッピング (JPY bn) 627.6 ＜赤＞ ＜グレー＞ PANTONE 185 PANTONE Cool Gray 11 DIC 156 DIC 541 M91%+Y76% BL80% R255・G0・B51 #545454 Gray ●2行ロゴ リンク用ロゴなどスペースが狭い場合に使用できます。 Up 31 ショッピング ショッピング 478.8 ●その他色指定 白抜き利用の場合（背景色は任意） ※紫ロゴは原則使用しないでください ＜紫＞ ショッピング PANTONE 259 DIC 227 C65%+M100%+K15% R12
Slide 41: Shopping-related Advertising Revenue
Shopping-related Advertising Revenue ショッピング (JPY bn) 25.5 ＜赤＞ ＜グレー＞ PANTONE 185 PANTONE Cool Gray 11 DIC 156 DIC 541 M91%+Y76% BL80% R255・G0・B51 #545454 Gray 7x ●2行ロゴ リンク用ロゴなどスペースが狭い場合に使用できます。 ショッピング ショッピング ●その他色指定 白抜き利用の場合（背景色は任意） ※紫ロゴは原則使用しないでください ＜紫＞ ショッピング PANTONE 259 DIC 227 C65%+M100%+K15% R12
Slide 42: Yahoo! Premium Member IDs
Yahoo! Premium Member IDs 19.79m 12.61m Up 57 (FY) (FY) 2012 ’13 ’14 ’15 ’16 ’17 *Yahoo! Premium includes SoftBank members and Y!mobile members, etc. who are eligible for Yahoo! Premium privileges excluding overlaps in IDs. 40
Slide 43: Sprint
Sprint »
Slide 44: Summary
Summary Highest EBIT in 119 year history Net income for first time in 11 years Highest adjusted EBITDA in 11 years 42
Slide 45: OPEX (Cost of service + SG&A)
OPEX (Cost of service + SG&A) USGAAP (USD bn) 20.8 14.8 USD 6bn * reduction 2013 ’14 ’15 ’16 ’17 (FY) *Excluding hurricane and other non-recurring charges 43
Slide 46: Adjusted EBITDA
Adjusted EBITDA USGAAP (USD bn) 11.1 Joined SoftBank Group Doubled in 5 years 5.1 Highest in 11 years 2012 ’13 ’14 ’15 ’16 ’17 (FY) 44
Slide 47: Operating Income
Operating Income 2.7 USGAAP (USD bn) 1.8 Highest in company history Up 55% 2013 ’14 ’15 ’16 ’17 (FY) 45
Slide 48: Net Income
Net Income USGAAP (USD bn) 7.4 Re-measurement of deferred tax assets Positive and liabilities under provisions of new US tax law 7.1 for first time in 11 years even excluding impact of tax reform -1.2 2014 ’15 ’16 ’17 (FY) 46
Slide 49: Adjusted Free Cash Flow
Adjusted Free Cash Flow USGAAP (USD bn) 0.9 0.6 Positive for second consecutive year *Adjusted FCF: cash provided by operating activities + cash used in investing activities excluding short-term investments 2013 ’14 ’15 ’16 ’17 (FY) + proceeds from sales of future lease receivables, net of repayment
Slide 50: National Average Download Speed Change
National Average Download Speed Change (Mar. 2017 to Mar. 2018) Sprint 36% T-Mobile 32% Verizon 26% Most AT&T 13% improved *Based on Ookla’s analysis of Speedtest Intelligence data comparing March 2017 to March 2018 for all mobile results. 48
Slide 51: FY2018 Forecast
FY2018 Forecast 1 Adjusted EBITDA USD 11.3-11.8bn *1 2 Cash CAPEX USD 5.0-6.0bn *2 *1 Excluding impact of new revenue recognition accounting standards *2 Excluding leased devices 49
Slide 52: Investment in Sprint
Investment in Sprint (Borrowings JPY-base) (JPY) 2.2t 2.0t Increase in Borrowings equity value * 530bn Equity value 380bn Current: USD 1 = JPY 109 (as of May 4, 2018) Acquisition cost Current Based on calculation of T-Mobile US share price USD 57.26 (as of May 4, 2018) x Exchange ratio 0.10256 Excl.
Slide 53: Agreed on Merger
Agreed on Merger Sprint ‘E+ «Mobile:
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52
Slide 55: Transaction Overview
Transaction Overview SBG’s ownership of New T-Mobile US: 27.4% * SBG’s Board seats: 4 seats (total: 14) * Expected to close no later than first half of 2019 * Assumes exchange ratio of 0.10256, implying New T-Mobile US fully-diluted shares outstanding of 1,290mn. 53
Slide 56: Economic Shareholder Ownership (Pro Forma)
Economic Shareholder Ownership (Pro Forma) Public 41.7% 27.4% 30.9% New T-Mobile US Accelerate competition * Assumes exchange ratio of 0.10256, implying New T-Mobile US fully-diluted shares outstanding of 1,290mn. 54
Slide 57: Accelerate 5G Innovation, Generate Synergies, Supercharge Un-carrier Strategy
Accelerate Generate Synergies 5G Innovation Supercharge Contribution to U.S. Un-carrier Strategy 55
Slide 58: Accelerate 5G Innovation, Generate Synergies, Supercharge Un-carrier Strategy
Accelerate Generate Synergies 5G Innovation Supercharge Contribution to U.S. Un-carrier Strategy 56
Slide 59: 5G Characteristics
5G Characteristics Connected *1 *2 Faster Speeds Lower Latency Devices (Theoretical speeds: 10Gbps) (Comparison with current LTE) 100x 100x 10x *1 Peak theoretical speeds *2 Projected reductions in latency (Source) Stats on slide based on CTIA estimates from ”The Global Race to 5G” April 2018. 57
Slide 60: Unlimited Potential
Unlimited Potential Connected cities Self-driving cars Smart agriculture and homes Mobile VR and Mobile HD video augmented reality Consumer wearables 58
Slide 61: Create First Nationwide 5G Network
Create First Nationwide 5G Network mmW Dense urban Mid-band 2.5GHz Metro Nation Low-band 600MHz wide 59
Slide 62: Rapid rollout of 5G
5G Spectrum + Synergies from combination Rapid rollout of 5G 60
Slide 63: Extend U.S. global Internet leadership in 5G era
Extend U.S. global Internet leadership in 5G era 61
Slide 64: Accelerate 5G Innovation, Generate Synergies, Supercharge Un-carrier Strategy
Accelerate Generate Synergies 5G Innovation Supercharge Contribution to U.S. Un-carrier Strategy 62
Slide 65: Synergies From Combination
Synergies From Combination Sales, Network service & Back office marketing NPV >USD 43bn * * NPV of Synergies net of Costs to Achieve, calculated assuming a discount rate of 8.0% on unlevered free cash flow. (Note) Number is approximation and reflect New T-Mobile US’s management estimates as of April
Slide 66: Combined Company targets
Combined Company (USD bn) 3~4 year Long-term 2018 Pro Forma (targets) targets Total revenue 75~76 81~86 95~100 Wireless service revenue *1 53~57 59~61 67~70 Adjusted EBITDA margin *1, 2, 3 40~42% 45~47% 54~57% Significant margin expansion *1 Service Revenue and Adjusted EBITDA figures do not include
Slide 67: Free Cash Flow (Combined Company)
Free Cash Flow (Combined Company) * (USD bn) 16~18 10~11 Toward robust improvement 1~2 2019 3~4 years Longer term (Est.) * Defined as Cash Flow from Operations less Capital Expenditures. 65
Slide 68: Accelerate 5G Innovation, Generate Synergies, Supercharge Un-carrier Strategy
Accelerate Generate Synergies 5G Innovation Supercharge Contribution to U.S. Un-carrier Strategy 66
Slide 69: Supercharge Un-carrier Strategy
Supercharge Un-carrier Strategy Lower prices Better due to excess capacity products & service Accelerate pro-consumer strategy 67
Slide 70: Sources for Accelerating Strategy
Sources for Accelerating Strategy Lower Economies Network costs of scale capacity 68
Slide 71: Adjacent Markets
Adjacent Markets Wireless Broadband Video Proactively promote new competition 69
Slide 72: Accelerate 5G Innovation, Generate Synergies, Supercharge Un-carrier Strategy
Accelerate Generate Synergies 5G Innovation Supercharge Contribution to U.S. Un-carrier Strategy 70
Slide 73: Rapid Rollout of 5G
Rapid Rollout of 5G 3 million new U.S. jobs USD 500bn in economic growth (Source) Stats on slide based on CTIA estimates from ”The Global Race to 5G” April 2018. 71
Slide 74: Accelerating U.S. job growth
Combined Company USD 40bn Expand Drive competition total capital customer to rural markets investment care centers with hundreds of new retail locations (over 3 years) and staffing Accelerating U.S. job growth 72
Slide 75: Accelerate 5G Innovation, Generate Synergies, Supercharge Un-carrier Strategy
Accelerate Generate Synergies 5G Innovation Supercharge Contribution to U.S. Un-carrier Strategy 73
Slide 76: Arm
arm
Slide 77: Arm-based Chips Shipped
Arm-based Chips Shipped 21.3bn 17.7bn Up 20% (CY) 75 1990 ’93 ’96 ’99 ’02 ’05 ’08 ’11 ’14 ’17
Slide 78: Revenue
Revenue (JPY bn) 202.8 Up 8% 187.3 (USD 1.83bn) (USD 1.69bn) FY2016 FY2017 *USD 1 = JPY 110.81 (average exchange rate of Apr. 2017 - Mar. 2018) 76
Slide 79: Miniaturization of IoT Devices
Virtual SIM Card Mini SIM Micro SIM Nano SIM eSIM (MFF2) 25 x 15 mm 15 x 12 mm 12.3 x 8.8 mm 6 x 5 mm 1996 2003 2012 2016 iSIM Miniaturization of IoT Devices 77
Slide 80: Project Trillium
Project Trillium Able to implement machine learning to all devices (Machine learning processor / object detection processor / neural network software) 78
Slide 81: Arm-based IoT products
Smart Wireless Air Filter Stethoscope Arm-based IoT products AI Home In-ear Keyless Security Thermometer Smart Lock 79
Slide 82: FY2018 Forecast
FY2018 Forecast 1 Create new IoT opportunities 2 Gain more share in long-term growth markets 3 Accelerate investment in new technology 80
Slide 83: Alibaba Group
E€ 2 Alibaba Group 5 WBPPSa
Slide 84: Alibaba Total Revenue and EBIT
Total EBIT Revenue JPY 4.3t USGAAP 2.6t Up 58% (Source) Created by SoftBank Group Corp. based on publicly available Apr. ’11 Apr. ’12 Apr. ’13 Apr. ’14 Apr. ’15 Apr. ’16 Apr. ’17 historical information published by Alibaba Group Holding Limited - Mar. ’12 - Mar. ’13 - Mar. ’14 - Mar. ’15 - Mar. ’16
Slide 85: Non-GAAP Net Income
Non-GAAP Net Income 1.4t JPY USGAAP Non-GAAP (Excluding the gains and losses related to share based compensation expenses, amortization of intangible assets, revaluation of investments etc.) 1.0t Up 44% (Source) Created by SoftBank Group Corp. based on publicly available Apr. ’11 Apr. ’12 Apr. ’13 A
Slide 86: Free Cash Flow
Free EBIT Cash Flow JPY 1.7t USGAAP Non-GAAP Up 44% 1.2t (Source) Created by SoftBank Group Corp. based on publicly available Apr. ’14 Apr. ’15 Apr. ’16 Apr. ’17 historical information published by Alibaba Group Holding Limited - Mar. ’15 - Mar. ’16 - Mar. ’17 - Mar. ’18 USD 1.00 = JPY 108.85, USD 1
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85
Slide 88: Ping An HealthKonnect
* (Ping An Good Doctor) Ping An HealthKonnect *The investments presented herein are solely for illustrative purposes and have been selected to showcase the variety of investments. They do not purport to be a complete list thereof and are not indicative of future investments. Note: Investment in OneW
Slide 89: WeWork: Global network of workspaces
Revenue (USD m) 886 CAGR 129% Global network of workspaces 436 187 74 2014 ’15 ’16 ’17 (CY) (Source) WeWork 87 *Past performance is not indicative of future results.There can be no assurances that historical trends will continue throughout the life of the Fund.
Slide 90: Flipkart: India's No.1 online retailer
GMV (Gross Merchandise Volume) CAGR India’s No.1 85% online retailer 2014 ’15 ’16 ’17 '18 (FY ended March) Past performance is not indicative of future results.There can be no assurances that historical trends will continue throughout the life of the Fund. (Source) Flipkart 88
Slide 91: Paytm: Leader in payments in India
Total Payment Volume Leader in >35x payments in India in 3 years 2015 ’16 ’17 ’18 (FY ended March) Total payment volume: Total volume of payments settled through Paytm Past performance is not indicative of future results.There can be no assurances that historical trends will continue throughout the
Slide 92: OYO: India's No.1 hotel network
Used Room Nights CAGR 113% India's No.1 hotel network 2015 ’16 ’17 (CY) (Source) OYO 90 Past performance is not indicative of future results.There can be no assurances that historical trends will continue throughout the life of the Fund. Used Room Nights: number of used room nights on OYO's platform
Slide 93: Auto1: Total Revenues
Total Revenues CAGR No.1 used car wholesaler 163% in Europe 2014 ’15 ’16 ’17 (CY) (Source) Auto1 91 Past performance is not indicative of future results.There can be no assurances that historical trends will continue throughout the life of the Fund.
Slide 94: Compass: Real estate technology platform
Transaction Value (USD bn) 15 CAGR Real estate 174% technology platform 2015 ’16 ’17 (CY) (Source) Compass 92 Past performance is not indicative of future results.There can be no assurances that historical trends will continue throughout the life of the Fund. Transaction value: transaction value set
Slide 95: Expanding ecosystem and adoption
Gaming Partnership Virtual Worlds Partnership U.S. Government UK Government (Simulating infrastructure) Expanding ecosystem and adoption 93
Slide 96: Ride-sharing
Ride-sharing The information herein regarding SoftBank’s past investments is provided solely for informational purposes, and does not purport to be a complete representation of all investments previously made by SoftBank. Information about selected past SoftBank investments is intended to illustrate
Slide 97: Aggregated Annual GMV
Aggregated Annual GMV (Gross Merchandise Volume) (USD bn) 65 CAGR 108% 36 15 2015 ’16 ’17 (CY) Past performance is not indicative of future results.There can be no assurances that historical trends will continue. * Investments in ride-sharing companies are not SVF investments. Currently held by subs
Slide 98: Aggregated Daily Rides
Aggregated Daily Rides 35 CAGR 140% 19 6 2015 ’16 ’17 (CY) Past performance is not indicative of future results.There can be no assurances that historical trends will continue. * Investments in Ride-sharing companies are not SVF investments. Currently held by subsidiaries of SoftBank Group Corp. (So
Slide 99: World's Largest Solar Power Generation Project 200GW
World’s Largest Solar Power Generation Project 200GW Forward-looking statements are based on current expectations, estimates, projections, opinions and/or beliefs of SoftBank. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed th
Slide 100: Signed MOU (March 27, 2018)
Signed MOU (March 27, 2018) 98
Slide 101: SB Synergy Group: Companies with common vision
SB Synergy Group: Companies with common vision 99
Slide 102: SB Synergy Group
SB Synergy Group Company that keeps growing for 300 years 100
Slide 103: Strategic Holding Company
Strategic Holding Company 101
Slide 104: SoftBank
— SoftBank
Slide 105: Adoption of IFRSs; Trademarks and registered trademarks
1. Adoption of IFRSs SoftBank Group Corp. adopted the International Financial Reporting Standards (IFRSs) from fiscal 2013. Figures for fiscal 2012 have also been presented in accordance with IFRSs. 2. Trademarks and registered trademarks The names of other companies, other logos, product names, ser