Sofina Sa · EURONEXT:SOF
Sofina Sa — H1 2025 Earnings Presentation
17 slides from Sofina Sa's earnings presentation, Sep 4, 2025
Slide 1: Investor Presentation Half-year 2025
Investor Presentation Half-year 2025 4 September 2025
Slide 2: Our mission
Our mission Partner with leading entrepreneurs and families, backing them with patient capital and supportive advice to foster sustainable growth of their businesses. Our purpose is to create enduring value, for everyone 2
Slide 3: Highlights half-year 2025
EUR 9.8 BN NAV’ ee Highlights oo! half-year 2025 mai A, 2 ina Qg AND LIFE SCIENCES SUSTAINABLE SUPPLY CHAINS A PORTFOLIO OF GROWING BUSINESSES THAT HAVE A POSITIVE SOCIETAL AND REGIONS* ENVIRONMENTAL IMPACT NORTH AMERICA EUROPE
Slide 4: The Sofina Way
WE ARE A INVESTMENT COMPANY WITH +125 YEAR’ HISTORY WE ARE A GROWTH INVESTOR, EXPLORING ALL STAGES OF A COMPANY'S LIFECYCLE TO FOSTER FURTHER GROWTH The Sofina Way KING US A RELIABLE PARTNER WE PURSUE ACTIVE OWNERSHIP, OFFERING SUPPORTIVE ADVICE FOR PORTFOLIO COMPANIES WE ARE ACROSS SECTORS, GEOGRAP
Slide 5: Return to growth
Return to growth Market environment • Market momentum continues • Long-term, permanent capital in demand • Optimistic about long-term value of innovation and entrepreneurship, across geographies and sectors Investment activity • Active deal flow, both investments and divestments o Additions include
Slide 6: €9.8 bn Total NAV
NAV NAV & portfolio NAV evolution € 11,0 Bn €9.5 bn €10.3 bn €9.8 bn Sofina Private €0.3 bn Funds €0.0 bn € 9,0 Bn Sofina € 4.5 bn Growth 45% € 2.4 bn € 7,0 Bn 25% Total Direct investments € 9.8 bn € 5.5 bn € 5,0 Bn €10.1 bn €10.0 bn 56% Total Net cash/(Net debt) €9.6 bn NAV - € 0.1 bn -1% € 3,0 Bn
Slide 7: Total portfolio €10 bn as of 30/06/2025
TOTAL PORTFOLIO SOFINA DIRECT >60 growth investments starting from Series A € 10 bn as of 30/06/2025 € 5.5 bn as of 30/06/2025 BY GEOGRAPHY SECTOR SPLIT GEOGRAPHIC SPLIT VINTAGE SPLIT (1) LISTED/UNLISTED SPLIT 5% 5% 6% Asia 10% 25% 26% 23% 30% 25% Europe 12% 39% 15% 11% 63% North 33% 94% 42% America
Slide 8: Overview of half year 2025
OVERVIEW OF HALF YEAR 2025 (1) 1st SEMESTER 1st SEMESTER 30/06/2025 31/12/2024 2025 2024 Net result (share of the group) Net Asset Value (in million EUR) 9,811 10,305 -394 551 (in million EUR) Net result (share of the group) per share Net Asset Value per share (in EUR) (2) 296.38 311.77 -11.90 16.59
Slide 9: Overview of half year 2025
OVERVIEW OF HALF YEAR 2025 (1) KEY FIGURES IN TRANSPARENCY (in million EUR) 30/06/2025 31/12/2024 Net debt (+) / Net cash (-) 76 -334 Investment portfolio 9,954 10,054 Loan-to-value (in %) 0.8% -3.3% 1st SEMESTER 1st SEMESTER KEY COMPREHENSIVE INCOME FIGURES IN TRANSPARENCY (in million EUR) 2025 202
Slide 10: Positive value creation affected by currency impact
Positive value creation affected by currency impact Total Portfolio Fair Value bridge per investment style (€ m) 14 149 - 263 10,054 9,954 Total investment portfolio Long-Term Minority Sofina Growth Sofina Private Funds Total investment portfolio 31/12/2024 Investments 30/06/2025 Total Portfolio Fai
Slide 11: Positive value creation in both Direct and Private Funds before currency impact
Positive value creation in both Direct and Private Funds before currency impact DIRECT Fair Value bridge (€ m) 430 -197 220 -290 Value creation: -1.2% Value creation excluding 115,0 currency impact: +3.8% 94,0 + 11,0 + Performance related 5,331 5,494 Listed Peers / impact multiples Non-listed impact
Slide 12: The largest investments of Sofina Direct
The 4 largest investments of Sofina Direct represent more than 15% but less than 20% of the portfolio in transparency whereas the 6 largest investment within Sofina Direct represent more than 20% of the portfolio in transparency. SOFINA DIRECT - THE 10 LARGEST INVESTMENTS SOFINA PRIVATE FUNDS - THE
Slide 13: Investments in HY25
Investments in HY25 PROEDUCA — ® Berry Street het New investment New investment New investment Long-term minority Sofina Growth Sofina Growth investments United States India ‘Spain Healthcare and life ‘Consumer and retail Education ‘sciences Organ®x Sat <OCYERA New investment New investment Follow-o
Slide 14: Divestments in HY25
(1) Full divestment, closing took place after 30 June 2025 14
Slide 15: Divestments in HY25 (continued)
(1) A transfer agreement has been signed, but the transaction has not yet been completed. 15
Slide 16: Important legal information and cautionary statements
Important legal information and cautionary statements concerning forward-looking statements and non-IFRS financial measures Certain statements contained herein may be forward-looking statements, including, but not limited to, statements that are predictions of or indicate future events, trends, plan
Slide 17: Sofina contact details
SOFINA Société Anonyme Rue de l’Industrie, 31 B – 1040 Brussels Tel.: +32 2 551 06 11 [email protected] – www.sofinagroup.com