Tmt Investments Plc · LSE:TMT
Tmt Investments — FY2024 Earnings Presentation
23 slides from Tmt Investments's earnings presentation, March 2025
Slide 1: Investing globally in leading-edge, earlier stage technology companies since 2010
Investing globally in leading-edge, earlier stage technology companies since 2010 Annual Report & Accounts 2024 for the year ended 31 December 2024 Investor Presentation
Slide 2: Disclaimer
Disclaimer This presentation (the “Presentation”) has been prepared by the directors of TMT Investments Plc (the “Company”). The information in the Presentation is not intended to form the basis of any contract. By attending (whether in person or by telephone) or reading the Presentation, you agree
Slide 3: TMT is a publicly traded company providing exposure to high-growth private companies
TMT is a publicly traded company providing exposure to high-growth, private companies in the technology sector. TMT Investments Plc was admitted to AIM in December 2010, in conjunction with raising $20 million of equity capital (before expenses). Since admission to AIM, TMT has invested in over 100
Slide 4: Highlights
All figures are as of 31 Highlights December 2024 unless otherwise indicated All figures are shown in USD $6.55 $111m $205.9m NAV per share of US$6.55 Total cash proceeds Total NAV of US$205.9m (down 1% from US$6.62 from portfolio companies (down from US$208.1m as of 31 December 2023) since inceptio
Slide 5: Share Price and NAV Per Share
Share Price (5 Year) NAV Per Share IRR* IRR* IRR* USD Since Inception 7 years 5 Years 12.50 (14 years) $9.30* 14.5% 15.0% 11.6% * Including dividends paid to date $9.00 *Including dividends paid to date 10.00 $6.92* $6.71* $6.85* $6.40* $6.62 $6.55 $6.41 7.50 $6.10 5.00 $3.82* $3.19* $3.52 $2.53* $3
Slide 6: Experienced management team
Experienced management team Igor Shoifot Yuri Mostovoy James Joseph Mullins Investment Partner Chairman Non-executive Director Top investor in numerous investor rankings Global Head of Quantitative Fixed Income Research, Barclays Chairman of the Audit, Remuneration and Nomination committees 25 years
Slide 7: Experienced management team
Experienced management team Artemii Iniutin Alexander Morgulchik Levan Kavtaradze Co-Founder and Head of Co-Founder and Head of Investments Investment Director Business Development 15 years of investment experience in high tech Serial entrepreneur and investor 15 years of VC and startup experience A
Slide 8: Investment Filters
Investment Filters POST-INVESTMENT ENGAGEMENT INTERNAL PRODUCT Investee Board Meetings, TESTING FROM THE New Investor Introductions CUSTOMER’S Strategic Advice and PERSPECTIV E Exploring Synergies 2,200+ 100+ Deeply Scrutinised Companies Funded 17,000+ 500+ Promising Companies Proposals in 14 Years
Slide 9: Proven Track Record in Creating Value
Proven Track Record in Creating Value (as of 31December 2024) VALUE CREATED CAPITAL INVESTED $313M $114.1M Value Created FULL PROFITABLE CASH EXITS VALUE LOST $98M $37.4M PARTIAL CASH EXITS AND FULL NEGATIVE OTHER CASH PROCEEDS EXITS $13M Capital Invested $28.8M CURRENT PORTFOLIO PARTIAL IMPAIRMENTS
Slide 10: Ten Largest Portfolio Investments and Portfolio allocation by sector
Ten Largest Portfolio Investments and Portfolio allocation by sector (as of 31 December 2024) Healthtech 3.5% Other 2.1% Other Edtech 7.6% 24.1% 2.0 0% 2. % 2. 5% 2.8 % 3.2% Big Data/cloud 5 4 9.9% 5 Mobility 34.8% 4.0% 5 18 7.0% 6 E-Commerce 3 7 10.3% 33.5% 9.2% 9.2% Fintech SaaS 15.4% 16.2% Annual
Slide 11: Portfolio Classification by Investees' Sectors
Portfolio Classification by Investees’ Sectors (as of 31 December 2024) Big Data / Cloud SaaS E-Commerce Edtech Fintech Other Healthtech Rhino Mobility Annual Report & Accounts 2024 for the year ended 31 December 2024 11
Slide 12: Portfolio Map
Portfolio Map (as of 31 December 2024) Late stage Early stage Mid stage Rhino Annual Report & Accounts 2024 for the year ended 31 December 2024 12
Slide 13: Notable revaluations (>10x)
Notable revaluations (>10x) (as of 31 December 2024) Years since first Total value of TMT's Return on TMT's investment stake (US$M)* investment (x) portfolio company 10.5 67.7 211 exit 8.0 44.4 51 portfolio company 10.7 10.0 25 exit 6.0 23.4 23 portfolio company 1.2 5.0 12 portfolio company 9.9 14.6
Slide 14: Exits
Exits Full Profitable Exits (as of 31 December 2024) Full Profitable Exits Full Profitable ExitsExits Full Profitable Partial Profitable Exits Partial Profitable Exits Partial Partial Profitable Profitable ExitsExits Acquirers Acquirers Acquirers Acquirers Acquirers Annual Report & Accounts 2024 for the yea
Slide 15: Major VCs have invested in our portfolio companies following investment by TMT
Major VCs have invested in our portfolio companies following investment by TMT (as of 31 December 2024) Annual Report & Accounts 2024 for the year ended 31 December 2024 15
Slide 16: Portfolio company coverage in global media
Portfolio company coverage in global media Laundryheap soaks Finserv wellness startup Backblaze CFO says Uber Rival Bolt Lines Up up market with fifth Rain lands US$300m restructuring should lift its Adviser for Potential IPO acquisition in two years in funding stock out of the doldrums Phoenix Anno
Slide 17: TMT's Shareholding Structure
TMT’s Shareholding Structure Issued capital (number of shares) 31,451,538 Treasury shares none (as of 24 March 2025) Shares not in public hands 62.66% Others (16.74%) Alexander Morgulchik, German Kaplun, Artemii Iniutin (via Macmillan Trading Company Limited) Nika Kirpichenko (22.50%) (via Eclectic
Slide 18: TMT's Valuation Methodology
TMT’s Valuation Methodology (as of 31 December 2024) Mid-Market price Cost and price of recent investment Number of (reviewed for impairment and fair Comparable Companies value adjustment) company analysis As % of total portfolio value Number of Companies Fair Value (US$M) Mid-market price 9.2 1 18.
Slide 19: Statement of financial position
Statement of financial position At 31/12/2024, USD At 31/12/2023, USD At 31/12/2022, USD At 31/12/2021, USD Investments 202,023,938 203,086,676 195,260,535 265,454,136 Cash 5,200,828 6,590,935 10,102,683 25,527,801 Other assets 64,553 151,908 1,382,811 2,050,649 Total assets 207,289,319 209,829,519
Slide 20: Statement of comprehensive income
Statement of comprehensive income For the For the For the For the year ended year ended year ended year ended 31/12/2024, USD 31/12/2023, USD 31/12/2022, USD 31/12/2021, USD Gains/(Losses) on (1,137,784) 7,357,560 (79,864,874) 98,741,409 Investments Bonus scheme payment - - - (9,676,043) charge Admi
Slide 21: Why Invest in TMT Investments Plc?
Why Invest in TMT Investments Plc? • Over 105 investments to date since inception Proven Track • 18 full and partial profitable exits since inception • 14.5% IRR since inception including dividends paid to date Record • Two special dividends paid to date ($2.8m in Nov 2016 and $5.8m in July 2020) •
Slide 22: Investor recognition of TMT's value
Spotting the multi-bagger Investor tech start-ups recognition of provide guidance Alexander Selegenev and Igor Shoifot from TMT Investments stocks for What Investment readers on the art of choosing those elusive that will make returns of several times their cost M TMT’s value any private investors w
Slide 23: Registered office and contact details
Registered office: 13 Castle Street, St Helier, Jersey, JE1 1ES Tel. +44 (0) 370 707 4040 Via Computershare [email protected]