Softbank Earnings Results for the 6-month Period Ended September 30, 2024
Softbank Earnings Results for the 6-month Period Ended September 30, 2024
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.
Softbank Earnings Results for the 6-month Period Ended September 30, 2024
@financepresentations1 month ago
November 12, 2024
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Names of companies, products and services that appear in this presentation are trademarks or registered trademarks of their respective companies.
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Notice regarding Fund Information contained in 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 limited partnership or comparable limited liability equity interests in any fund managed by a subsidiary of SBG, including SB Global Advisers Limited ('SBGA'), SB Investment Advisers (UK) Limited ('SBIA'), and any of their respective affiliates thereof (collectively, the 'SB Fund Managers' and each an 'SB Fund Manager') (such funds together with, as the context may require, any parallel fund, feeder fund, co-investment vehicle or alternative investment vehicle collectively, the 'SB Funds' and each an 'SB Fund'). For the avoidance of doubt, the SB Funds include, among other funds, SoftBank Vision Fund L.P. (together with, as the context may require, any parallel fund, feeder fund, co-investment vehicle or alternative investment vehicle, the 'Vision Fund I'), which are managed by SBIA and its affiliates; SoftBank Vision Fund II-2 L.P. (together with, as the context may require, any parallel fund, feeder fund, co-investment vehicle or alternative investment vehicle, the 'Vision Fund II'), which are managed by SBGA and its affiliates; and SBLA Latin America Fund LLC (together with, as the context may require, any parallel fund, feeder fund, co-investment vehicle or alternative investment vehicle, the 'SoftBank Latin America Fund'), which are managed by SBGA and its affiliates.
Information relating to the performance of the SB Funds or any other entity referenced in this presentation has been included for background purposes only and should not be considered an indication of the future performance of the relevant SB Fund, any other entity referenced in this presentation or any future fund managed by an SB Fund Manager. References to any specific investments of an SB Fund, to the extent included therein, are presented to illustrate the relevant SB Fund Manager's investment process and operating philosophy only and should not be construed as a recommendation of any particular investment or security. The performance of individual investments of an SB Fund may vary and the performance of the selected transactions is not necessarily indicative of the performance of all of the applicable prior investments. The specific investments identified and described in this presentation do not represent all of the investments made by the relevant SB Fund Manager, and no assumption should be made that investments identified and discussed therein were or will be profitable.
None of the SB Funds (including the Vision Fund I, Vision Fund II and SoftBank Latin America Fund), the SB Fund Managers any successor or future fund managed by an SB Fund Manager, SBG or their respective affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein and nothing contained herein should be relied upon as a promise or representation as to past or future performance of the SB Funds or any other entity referenced in this presentation, or future performance of any successor or the future fund managed by an SB Fund Manager.
The performance of an SB Fund in this presentation is based on unrealized valuations of portfolio investments. Valuations of unrealized investments are based on assumptions and factors (including, for example, as of the date of the valuation, average multiples of comparable companies, and other considerations) that the relevant SB Fund Manager believes are reasonable under the circumstances relating to each particular investment. However, there can be no assurance that unrealized investments will be realized at the valuations indicated in this presentation or used to calculate the returns contained therein, and transaction costs connected with such realizations remain unknown and, therefore, are not factored into such calculations. Estimates of unrealized value are subject to numerous variables that change over time. The actual realized returns on the relevant SB Fund's unrealized investments will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions and circumstances on which the relevant SB Fund Manager's valuations are based.
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Past performance is not necessarily indicative of future results. The performance of an SB Fund or any future fund managed by an SB Fund Manager may be materially lower than the performance information presented in this presentation. There can be no assurance that each SB Fund or any future fund managed by the relevant SB Fund Manager will achieve comparable results as those presented therein.
SBGA and SBIA manage separate and independent operations and processes from each other and those of SBG in the management of Vision Fund I, Vision Fund II and SoftBank Latin America Fund, respectively. Any SB Funds managed by SBGA or SBIA are solely managed by SBGA or SBIA respectively.
FY2024H1 Highlights
1
Net income of over ¥1T, driven by gains from SVF and T-Mobile investments
2 NAV remains high at ¥29T despite QoQ decrease
3
Â¥610.4B investment gain at SVF, now posting cumulative gains
4 Arm performance continues to excel
5 Robust stability and ample cash reserves enable further AI investments
Consolidated Results
Consolidated Results
Gain/Loss on Investments and Net Income (quarterly)
Gain/Loss on Investments (quarterly)
(Â¥ B)
7
Gain/Loss on Investments (quarterly)
(Â¥ B)
Key Indicators
Key Indicators (FY2024Q2)
Factors of NAV Change
Jun 30, 2024
Sep 30, 2024
Pro forma (Sep 30, 2024)
Based on share prices and the FX rates as of Nov 11, 2024
For details of NAV, see Appendix 'Definition and Calculation Method of SBG's NAV and LTV (as of Jun 30, 2024)', 'Definition and Calculation Method of SBG's NAV and LTV (as of Sep 30, 2024)', and 'Definition and Calculation Method of SBG's NAV and LTV (as of Sep 30, 2024 Pro forma).' TMUS/DT: Total of T-Mobile and Deutsche Telekom, SVF: Total of SVF1, SVF2, and LatAm Funds
Information as of Sep 30, 2024 (pro forma) assumes that the compositions of asset and liability as of Sep 30, 2024 remain unchanged, and is calculated using share prices and the FX rate as of Nov 11, 2024. These figures are provided as reference values and are not intended to guarantee or imply future values.
Forex: The difference in NAV when the equity value of holdings, interest-bearing debt, and cash position as of Sep 30, 2024, denominated in local currencies, are converted to JPY at the exchange rates applicable at the comparison point in time. (SVF1/2/LatAm Funds/SB Northstar are all calculated as USD assets)