Softbank Earnings Results for the 6-month Period Ended September 30, 2024

Softbank Earnings Results for the 6-month Period Ended September 30, 2024

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Softbank Earnings Results for the 6-month Period Ended September 30, 2024

@financepresentations6 days ago

November 12, 2024
Earnings Results
for the 6-month
Period Ended
September 30, 2024

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Disclaimers
This presentation provides relevant information about SoftBank Group Corp. (“SBG”) and…

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3
1 Net income of over ¥1T, driven by gains from SVF
and T-Mobile investments
3 ¥610.4B investm…

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Consolidated Results
Some figures in this presentation are rounded and may not add up to the figur…

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Consolidated Results
FY2023
H1
FY2024
H1 Change
Net sales 3,227.1 3,469.9 +242.9
Gain/los…

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6
-699.0
-264.6
424.6
-20.4
559.7
2,091.3
-477.6
-931.1
950.0
231.1
-174.3
1,179.6
(¥ …

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-689.7
276.2
-169.9
124.4 567.9
1,548.8
-13.0
-570.2
531.3
-115.3
32.4
567.4
3.8
29.…

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8 SVF: SoftBank Vision Funds
-689.7
276.2
-169.9
124.4 567.9
1,548.8
-13.0
-570.2
531.3
-1…

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Key Indicators
9 Some figures in this presentation are rounded and may not add up to the figures p…

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For details of NAV and LTV, see Appendix “Definition and Calculation Method of SBG’s NAV and LT…

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35.3
29.0
31.6
2.4
4.0
0.1 0.3
2.2
NAV
＋ -3.1：Arm
-0.1：SoftBank Corp.
+0.4：TMUS/DT
+…

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Historical NAV (Since FY1998)
¥29.0T
(Sep 30, 2024)
Arm
SVF1/SVF2/
LatAm Funds
SoftBank C…

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($)
T-Mobile Share Price
206.36
(Sep 30, 2024)
Mar 31
2021
Mar 31 Sep 30
2022
Mar 31
…

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Mar 31
2021
Mar 31
2022
Mar 31
2023
All-time high since merger
(Apr 1, 2020)
Opening pr…

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15
22
219
127
206
241
203
189
158
Market Cap of Telecoms
Before SBG's Sprint
ac…

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-2
6
14
22
30
US Telecoms: Free Cash Flow
CAGR
1.0%
Verizon CAGR
-8.1%
AT&T
CAGR
…

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¥3.9T
¥0.4T
¥2.1T
Sprint (T-Mobile) Investment Performance
Return
(Sep 30, 2024)
MOIC
9.…

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0.4
3.9
2.3
19.0
9.8
2.1
5.6
3.3
20.0
Investment Track Record
MOIC 9.6x
IRR…

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-¥1.3T
+¥0.3T
-¥1.9T
On NAV On accounting
Stronger JPY reduced NAV and equity
For details …

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4.6
3.8
0.9 1.2
+0.6 -1.0
-0.2
-0.3
Q1
FY2024
Investmentrelated
(incl. installm…

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14.5%
15.0%
18.2%
11.0%
8.0%
10.6% 11.5%
8.4% 7.8%
12.5%
0%
10%
20%
30%
40%
Q1
FY…

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4.6
4.3
3.8
5.1
5.8
5.1
4.4
4.7 4.6
3.8
0.0
1.0
2.0
3.0
4.0
5.0
6.0
Q1
FY2022
…

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SVF
SVF: SoftBank Vision Funds Segment. Includes SVF1, SVF2, and LatAm Funds.
Some figures in thi…

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4,087
958 785 630 715
2,285 2,869
4,607 3,549 3,768
-8,762
-10,748
2,969
-25,563
13,567…

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($ M)
SVF1 SVF2
-318
-2,084
1,703
-336
-2,643
950 913
2,413
1,940
10
2,827 …

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($ B) Investment cost Fair value
Unrealized
valuation gain/loss
(FY2024Q2)
Highlights of
m…

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($ B) Investment cost Fair value
Unrealized
valuation gain/loss
(FY2024Q2)
Highlights of
m…

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FY22
Q1
FY22
Q3
($ M)
FY22
Q2
FY22
Q4
FY23
Q1
FY23
Q2
FY23
Q3
FY23
Q４
8,526
-…

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Exited
Public companies
(investments
before exit)
Private companies
(investments
before …

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24.9 25.6
2.9 3.6
3.3 3.4
31.1 32.6
40.8 40.6
5.5 6.0
6.7 7.0
53.0 53.6
Continuing new…

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A strong pipeline for future public listings
Public listings (since inception)
53 listings Se…

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0.4 0.6
Investment cost Return
1.0
1.2
India’s largest online store for newborn, baby
and…

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Provides best-in-class search
functionality and highly userfriendly AI agents for enterprise…

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SVF2
Investment
OpenAI
Post-money
valuation
OpenAI
Total round
size
$500M $6.6B $157B
…

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Expecting
131%
increase YoY
OpenAI: Revenue
Revenue is based on publicly available informa…

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Strong momentum toward the realization of
AGI that benefits all of humanity
Weekly active us…

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(B)
Monthly Website Visits Comparison
0
1
2
3
4
OpenAI
Meta.ai
Claude
Gemini
Web…

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SVF: Leadership Transition
Rajeev Misra will step down
as Co-CEO
Alex Clavel
to be sole CE…

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Some figures in this presentation are rounded and may not add up to the figures presented as th…

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442 418
514
188
388
630 330
806 844
Q2 Q2 Q2
40
Quarterly Revenue (US-GAAP)
Exceeds up…

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876 818 981
446 663
1,322 802
1,481
1,783
H1 H1 H1
YoY
20%
increase
41
H1 Revenu…

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198
384
326
Q2 Q2 Q2
42
Quarterly Non-GAAP Operating Income (US-GAAP)
($ M)
Above analys…

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495
656
774
H1 H1 H1
YoY
18%
increase
43
Quarterly Non-GAAP Operating Income (US-GAAP)
…

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(Source) Arm
For details, see Arm Investor Relations website (https://investors.arm.com/).
FY…

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Meta’s new Llama 3.2 LLM
release on Arm-based CPUs
Llama (Large Language Model Meta AI) : A t…

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Looking Back 1 Year Post IPO
Positive
evaluation from
the market
CSS：Compute Subsystem. C…

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Financial Strategy
47

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• Effective use of ample cash position
• Active use of nonrecourse financing to support strate…

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Basic Policy for Capital Allocation
Business model: Growth of assets and business
through ca…

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Invested Amount (SVF+SBG)
($ B)
Invested amounts by SBG: Investment by SBG and its primary wh…

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¥174.8B
Maximum
¥500B
Repurchased 35% Progress
(Aug 2024 to Oct 2024)
(Until Aug 7, 2025)…

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FY2024H1 Summary
1 Net income of over ¥1T, driven by gains from SVF
and T-Mobile investments…

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Drive forward with Group-wide efforts
ASI
Artificial Super
Intelligence
53
AI Chip AI
Da…

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AGI will be realized
within 2-3 years,
ASI within
10 years
From SoftBank World 2024 Keynote S…

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ASI will evolve into
Super Wisdom and
contribute to the
happiness of all humanity.
From SoftB…

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“Information Revolution
－Happiness for Everyone”

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Appendix
Some figures in this presentation are rounded and may not add up to the figures prese…

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Definition and Calculation Method of SBG’s NAV and LTV (as of Sep 30, 2024)
1. NAV (Net Asset …

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Definition and Calculation Method of SBG’s NAV and LTV (as of Sep 30, 2024 Pro forma)
1. NAV (…

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Definition and Calculation Method of SBG’s NAV and LTV (as of Jun 30, 2024)
1. NAV (Net Asset …

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3.9
3.0
0.7 0.4
0.6 0.1 0.8
0.7
0.5
0.7
0.2
3.8
Financing,
repayment,
etc.…

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SVF: Value Changes in Portfolio c (cumulative) USD basis
(SVF Segment)
Mar 31, 2024 Sep 30, 2…

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SVF: Gain/Loss on Investments USD basis
(SVF Segment)
Markup
Markdown
By main factor
The i…

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SVF1: Gain/Loss on Investments USD basis
(SVF1)
Markup
Markdown
The information contained h…

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SVF2: Gain/Loss on Investments USD basis
(SVF2)
Markup
Markdown
The information contained h…

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(a) (b) (c) = (b) - (a) (d) = (b) / (a)
Company Investment cost
to SVF1
Gross return
to SVF…

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(a) (b) (c) = (b) - (a) (d) = (b) / (a)
Company Investment cost
to SVF2
Gross return
to SVF…

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Change in Composition of Assets Held
Composition of equity value of holdings at each point in …

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Sep 30
2023
15.8
8.7
12.7
26.2 9.9
11.0 5.7
7.0
(62%)
(44%)
(69%)
(79%) (38%)…

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Footnote
 The amounts of investment and return are calculated using forex rates on each trans…

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Softbank Earnings Results for the 6-month Period Ended September 30, 2024

@financepresentations

This presentation covers SoftBank Group Corp.'s earnings results for the six-month period ended September 30, 2024, including significant investment gains and a detailed analysis of key financial indicators such as net income and asset values. It provides insights into the company's forward-looking statements and associated risks.

Business

#MarketAnalysis #InvestmentPerformance #SoftBankEarnings #FinancialResults #Q2Insights

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