Sofina Sa · EURONEXT:SOF
Sofina Sa — H1 2024 Earnings Presentation
17 slides from Sofina Sa's earnings presentation, Sep 5, 2024
Slide 1: Analyst Presentation Half-year 2024
Analyst Presentation Half-year 2024 05/09/2024
Slide 2: Our mission
Our mission 6¢ We aspire to 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 21 SOFINA
Slide 3: Sofina at a glance
US 5SECTORS OF FOCUS 3 REGIONS EUROPE ASIA Sofina at a glance 5) COMPLEMENTARY INVESTMENT STYLES Sofina Direct APORTFOLIO OF SUSTAINABLE BUSINESSES THAT HAVE A POSITIVE SOCIETAL AND ENVIRONMENTAL IMPACT SRS my EUR 9.5 BN NAV* GROWTH 46% SOFINA PRIVATE FUNDS ‘Split reported is a percentage of our Net
Slide 4: The Sofina Way
The Sofina Way Reliable & Wearea family-run investment company with +125 years history oe Weare diversified across sectors, geographies and investment styles We believe in teamwork, bringing together diverse talents with shared values and sector expertise We offer patient capital, making us a reliab
Slide 5: Return to growth
Return to growth Market environment • Market activity has increased strongly in most markets, leading to increased deal flow and transactions on portfolio companies • General improvement in market sentiments. Exception in China. Highlight in the Indian capital markets Investment activity • team.blue
Slide 6: €9.5bn Total NAV
NAV NAV & Total Investment portfolio evolution €9,2 Bn €9,5 Bn €9,1 Bn €0,0 Bn Sofina Growth €0,1 Bn Sofina Private Funds €0,2 Bn -€0,1 Bn €1,9 Bn €0,0 Bn €4,4 Bn -€0,0 Bn 20% 46% Total direct investments €9.5bn €5.2 Bn 55% Total Net Cash / (Net Debt) €9,6 Bn €9,0 Bn €8,9 Bn Sofina Long-term minorit
Slide 7: Total portfolio sector split by geography
TOTAL PORTFOLIO SECTOR SPLIT GEOGRAPHIC SPLIT VINTAGE SPLIT (1) BY GEOGRAPHY 21% 28% 24% 17% 23% SOFINA DIRECT 5% 18% 80+ portfolio 11% 12% 65% Asia companies 42% 25% Europe 22% 39% 12% Consumer and retail North Digital transformation Europe 0-3 years America Healthcare and life sciences North Ameri
Slide 8: Overview of Half Year 2024
OVERVIEW OF HALF YEAR 2024 (1) 1st SEMESTER 1ST SEMESTER 30/06/2024 31/12/2023 2024 2023 Net result (share of the group) Net Asset Value (in million EUR) 9,509 9,083 551 14 (in million EUR) Net result (share of the group) per share Net Asset Value per share (in EUR) (2) 287.00 273.62 16.59 0.42 (in
Slide 9: Overview of Half Year 2024
OVERVIEW OF HALF YEAR 2024 (1) KEY FIGURES IN TRANSPARENCY (in million EUR) 30/06/2024 31/12/2023 Net debt (+) / Net cash (-) -11 -197 Investment portfolio 9,588 8,928 Loan-to-value (in %) -0,1% -2.2% 1ST SEMESTER 1ST SEMESTER KEY COMPREHENSIVE INCOME FIGURES IN TRANSPARENCY (in million EUR) 2024 20
Slide 10: Positive value creation for the total portfolio by 7%
Positive value creation for the total portfolio by 7%. TOTAL Investment portfolio bridge per Investment Style (in EUR m) 209 451 9.588 8.928 Total Investment portfolio Sofina Direct Sofina Private Funds Total Investment portfolio 31/12/2023 30/06/2024 TOTAL Investment portfolio bridge (in EUR m) Val
Slide 11: Positive value creation in Sofina Direct by 9% and Private Funds by 4%
Positive value creation in Sofina Direct by 9% and in Sofina Private Funds by 4%. SOFINA DIRECT bridge (in EUR m) Value creation: 75 +9% 218 385 227 5.190 4.739 Sofina Direct 31/12/2023 Acquisitions Disposals & Revenues Market impact FX impact Sofina Direct 30/06/2024 SOFINA PRIVATE FUNDS bridge (in
Slide 12: Performance of underlying unlisted portfolio companies strong contributor to value creation
Performance of underlying unlisted portfolio companies strong contributor to value creation. SOFINA DIRECT performance bridge Value creation: +9% Listed(1) Unlisted(1) Both 5.190 4.739 -1% 5% -5% 2% 13% -7% -1% 554 722 Net underlying 4.636 performance of 4.017 +12% Sofina Direct Market impact Multip
Slide 13: Largest investments of Sofina Direct and Sofina Private Funds
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 14: Sofina Direct – New Investments & Follow-ons
SOFINA DIRECT – NEW INVESTMENTS & FOLLOW-ONS FOLLOW-ON FOLLOW-ON FOLLOW-ON LONG-TERM MINORITY SOFINA GROWTH SOFINA GROWTH INDIA THE NETHERLANDS BELGIUM CONSUMER AND SUSTAINABLE HEALTHCARE RETAIL SUPPLY CHAIN NEW INVESTMENT FOLLOW-ON FOLLOW-ON LONG_TERM SOFINA GROWTH SOFINA GROWTH MINORITY FRANCE UNI
Slide 15: Sofina Direct – Full & Partial Divestments
SOFINA DIRECT – FULL & PARTIAL DIVESTMENTS FULL EXIT TOP-SLICING TOP-SLICING LONT-TERM LONG-TERM SOFINA GROWTH MINORITY MINORITY CHINA BELGIUM BELGIUM DIGITAL CONSUMER AND OTHER TRANSFORMATION RETAIL TOP-SLICING & FULL TOP-SLICING EXIT POLYGONE SOFINA GROWTH LONG-TERM MINORITY INDIA FRANCE CONSUMER
Slide 16: Investments and Divestments
INVESTMENTS DIVESTMENTS NEW DEAL (1) FULL EXIT LONG-TERM LONG-TERM MINORITY MINORITY BELGIUM UK DIGITAL TRANSFORMATION DIGITAL TRANSFORMATION NEW DEAL FULL EXIT SOFINA GROWTH LONG-TERM MINORITY UK FRANCE CONSUMER AND RETAIL CONSUMER AND RETAIL (1) Closing is subject to customary closing conditions.
Slide 17: Sofina SA contact details
SOFINA SA Rue de l’Industrie, 31 B – 1040 Brussels Tel.: +32 2 551 06 11 [email protected] – www.sofinagroup.com