MILAN, 13 th MAY 2015 INVESTING IN STARTUPS THROUGH A LISTED COMPANY

Transcription

1 MILAN, 13 th MAY 2015 INVESTING IN STARTUPS THROUGH A LISTED COMPANY

2 THE COMPANY Publicly listed holding company Operates on an international level in Venture Capital investing in «fast-growth companies» of the digital world

3 OUR STOCK 2014 FY Performance 75% Above Market Standard SHAREHOLDERS 55.06% 39.99% Market LV.EN. Holding Ticker: LVEN ISIN: IT Source: Borsa Italiana 2.41% Sironi Lucia 2.54% Pighini Stefano Stocks are traded on the MTA segment of Borsa Italiana

4 WHAT WE HAVE DONE TO DATE 1,500+ Investment Proposals 33 Portfolio Startups 3.7m Direct Investments 9.3m Third party Investments 300+ Jobs Created

5 RANKING «The 2014 European Tech Report» TOP20 Most Active Tech VCs Most Active VC in Italy Source: bit.ly/tech_eu2014

6 MISSION We help startups grow and develop them into success stories

7 FUNDING THE GAP

8 WHO WE ARE Stefano Pighini Chairman Board of Directors Roberto Magnifico Board Member Giovanni Gazzola COO Bianca Santillo Manager Operations Francesca Bartoli CFO Administration Luigi Capello CEO External Relations Silvio Gulizia Manager Online Communication Augusto Coppola Director Ciro Spedaliere Manager Board of Advisors Accelerator Seed Investments Investment Committee

9 WHAT WE DO Network & Know-how Providing essential resources to de-risk startups Increase Success Rate

10 THE ACCELERATOR Work space: ~2,000 sqm venue on the second floor of Termini Central Station in Rome Acceleration Program: by adopting the Extreme Management Program (XPM) we bring startups to market

11 THE ECOSYSTEM SPONSORS INVESTORS NETWORKS CORPORATES UNIVERSITIES 50+ International Executives SPECIAL PROJECTS ADVISOR S PARTNERS

12 Selection BUSINESS MODEL Deal Flow Universities Events Partners Online Other VCs 12 Startups LUISS ENLABS Accelerator Micro Seed 60K 4 Startups from the market 7 Startups LVenture Seed 250k 6 Startups EXIT WoM Every 12 months From the 60 th month Total investment in startups: 3.7m 33 participations Expected IRR 30%

13 UNIQUE APPROACH Investment terms simplicity Seed Money Angels Entrepreneuria l approach Investment terms simplicity Seed Money Entrepreneuria l approach Professiona l approach VCs Operational support Professiona l approach Operational support Follow on round Process efficiency Network size Follow on round Process efficiency Network size Entering at early stage with attractive valuations Multiple deal sources and professional processes Full support with an entrepreneurial approach Small investments and diversified portfolio

14 KEY INVESTMENT CRITERIA

15 DIGITAL WORLD focus on the Italian lifestyle

16 PORTFOLIO (1/2) GAMING INTERNET OF THINGS & HARDWARE interactiveproject.com gamepix.com nextwin.com atooma.com bravepotions.com filotrack.com FOOD, FASHION & DESIGN SOFTWARE AS A SERVICE (SAAS) cocontest.com drexcode.com appeatit.com baasbox.com maisonacademia.com re-bello.com netlexweb.com snapback.io thingarage.com wineowine.com majeeko.com voverc.com

17 PORTFOLIO (2/2) PLATFORMS ADVERTISING & EVENTS apps-builder.com moovenda.com lecicogne.net risparmiosuper.it bulasara.it spotonway.com codemotionworld.com spotonway.com APPS tiassisto24.it tutored.it pubsterapp.com qurami.com soundreef.com verticomics.com whoosnap.com zenfeed.me * * Call option only 33 digital startups: 23 accelerated + 10 sourced from the market

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21 IMPROVING OPERATING MARGIN ( 000 s) 2,259 2,145 2,751 2,938 2,609 3,197 3,157 REVENUES 1,318 1,513 1, A 2014 F COSTS EBITDA 2013 was the first year for LVenture as a group and 2014 was a year for consolidating activities with a better result than expected Operating costs grow coherently with revenues in order to achieve operating margin break-even in 2018

22 SUMMARY BUSINESS PLAN Consolidated ( 000 s) Revenues 1,551 2,145 2,609 3,197 Operating Costs (2,259) (2,751) (2,938) (3,157) EBITDA (708) (606) (329) 40 Write-off (535) (725) (1,144) (1,779) EBIT (1,321) (1,438) (1,588) (1,863) Capital Gains 634 2,394 3,815 5,070 Net Result (704) 936 2,207 3,149

23 PORTFOLIO EVOLUTION EXITS & CAPITAL GAINS 37 Portfolio Startups # of Exits Capital Gains ( 000 s) 48 Portfolio Startups 59 Portfolio Startups 5 65 Portfoli o Startup s 6 5, , , Exit: after 5 years 60% of all Seed Investments assuming 5.45x CoC

24 FUNDING CONSIDERATIONS 1.5m Capital Increase in m Capital Increase in 2016 To seize the best opportunities and to pursue strategic goals

25 INVEST IN US Venture Capital: unique opportunity to invest Diversification: de-risking startups Liquid Asset: publicly listed and traded company High Return Rates: early-stage investment Motivated Management Team: a passion for entrepreneurial talents

26 ONE MORE THING

27 p lventuregroup.com info@lventuregroup.com