Kinnevik
financial review capital reallocation capital structure capital allocation framework financial targets during the quarter we focused our deployment on follow portfolio more than half of this deployment related to acquisitions of secondary shares in spring health these acquisitions bring our aggregate commitment to the company to making it our aggregate investment since the beginning of our transformation in the remaining in follow ons were primarily invested as those into spring health and in the previous quarter serve as examples of our ability and priority to capture to deploy into our highest conviction in the current market environment in carbon removal business charm industrial and company both of which we will be looking to increase over time as and if they meet our expectations our outlook at the beginning of was to invest around split roughly between new investments and follow on investments into the existing portfolio these expectations were primarily sensitive to two factors our ability to deploy as much as we would like into our existing high conviction businesses and our ability to source attractive new opportunities in the current market environment as a consequence of the completion of our significant follow on investment into spring share of investments into the existing portfolio to be closer to two thirds of our aggregate investments than the split set out at the onset of the year this net cash position was mainly made up of in cash and short term investments less in senior unsecured bonds with a remaining tenor ding months during the second quarter received in ordinary dividends from tele and we expect to receive another in ordinary dividends in the fourth quarter of half into follow on investments in our existing portfolio add up to eight new companies per year continue to evolve our thematic and sectorial focus seek to build an adequate level of influence in our rather than specific ownership stakes build and maintain a portfolio across different stages of with companies making up the lion share of portfolio value attractive returns objective is to generate a long term total return to our shareholders in excess of our cost of we aim to deliver an annual total shareholder return of percent over the business cycle low leverage not exceeding percent of portfolio value shareholder remuneration policy generates shareholder returns primarily through appreciation and will seek to return excess generated by its investments to shareholders through extra dividends | Kinnevik
Company
Deck Type
Sector
Industry
Deck date
July 2023
Slide
19 of 48
Similar slides by Kinnevik
See diffirences between slides (animation)
Results
April 2023
financial review capital reallocation in the quarter during the quarter we invested into our existing we led a funding round in spring health with a investment and an additional secondary purchase from an early stage investor accreting our ownership from to percent we also took the opportunity to increase our stake in by investing in the company latest funding round corresponding to around percent of our pro rata share these two investments serve as examples of our ability to cap opportunities to deploy capital into our highest conviction during a period of uncertainty and balanced valuations these investments were more than financed by us exiting our remaining stake releasing more than in the quarter this last marks an end to a six year investment starting with our investment into generating an exceeding percent in we expect to invest around split roughly between new investments and follow on investments into the existing portfolio this expectation is primarily sensitive to two factors our ability to deploy as much capital as we would like into our existing high conviction businesses and our ability to source attractive new opportunities in the current market environment capital structure as at march had a net cash position of percent of portfolio value this net cash was mainly made up of in cash and short term investments less in senior unsecured bonds with a tenor exceeding months maturing in and during we expect to receive in ordinary dividends from tele capital allocation framework our expectations over the medium term are to invest half of our capital into new investments and the other half into follow on investments in our existing portfolio add up to eight new companies per year continue to evolve our thematic and sectorial focus seek to build an adequate level of influence in our rather than specific ownership stakes build and maintain a portfolio across different stages of with companies making up the lion share of portfolio value financial targets attractive returns objective is to generate a long term total return to our shareholders in excess of our cost of capital we aim to deliver an annual total shareholder return of percent over the business cycle low leverage given the nature of investments our goal is to carry low leverage not exceeding percent of portfolio value shareholder remuneration policy generates shareholder returns primarily through capital appreciation and will seek to return excess capital generated by its investments to shareholders through extra dividends | Kinnevik
Related slides by other companies
SoftBank
Results
November 2023
performance of public investments | SoftBank
SoftBank
Results
February 2024
gain loss on investments quarterly profit for the last consecutive quarters | SoftBank
SoftBank
Investor Presentation
November 2023
our investments private public investments by fair value as of a | SoftBank
Main Street Capital
Fixed Income
May 2023
portfolio highlights the benefits of main unique investment strategy have resulted in a high quality diversified and mature investment portfolio lower middle market private loans middle market total portfolio | Main Street Capital
Other recent decks by Kinnevik
See all presentations (26 decks)
Investor Day
October 2024
Results
July 2024
Results
July 2023
Results
April 2023
Search Thousands of Presentations by World Leading Companies
Trending:
Addressable Market
Ecosystem
Beauty Market
WACC
NFT
Management Team
Investment Highlights

Stay in the loop

Join our mailing list to stay in the loop with updates and newest feature releases

Presentations

Start Up
IPO
SPAC
M&A
Investor Day
Results
ESG
Credit
Investment Banking

Explore

Presentation Collections
Slide Collections

Company

Blog
Contact us
© 2021-2024 Slidebook.io