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INVESTING IN STARTUPS THROUGH
A LISTED COMPANY
MILAN, 13th MAY 2015
Publicly listed holding company
Operates on an international level in Venture Capital
investing in «fast-growth companies»...
Stocks are traded on the MTA segment of Borsa Italiana
OUR STOCK
2014 FY
Performance
75%
Above Market
Standard
2.41%
Siron...
WHAT WE HAVE DONE TO
DATE
1,500+
Investment
Proposals
33
Portfolio
Startups
€3.7m
Direct
Investments
€9.3m
Third party
Inv...
RANKING
TOP20
Most Active
Tech VCs
«The 2014 European Tech Report»
Source: bit.ly/TECH_EU2014
Most
Active VC
in Italy
MISSION
We help startups grow and develop them
into success stories
FUNDING THE GAP
WHO WE ARE
Luigi Capello
CEO
Stefano Pighini
Chairman
Board of
Advisors
Investment
Committee
Operations
Administration
See...
Network &
Know-how
Increase
Success
Rate
Providing
essential resources
to de-risk startups
WHAT WE DO
THE ACCELERATOR
Work space: ~2,000 sqm venue on the second floor of
Termini Central Station in Rome
Acceleration Program: ...
THE ECOSYSTEM
SPONSORS
INVESTORS
NETWORKS
PARTNERSADVISOR
S
UNIVERSITIES 50+
International
Executives
SPECIAL
PROJECTS
COR...
BUSINESS MODEL
7 Startups12
Startups
4 Startups from the market
Deal Flow
LUISS
ENLABS
Accelerator
Micro Seed
€60K
LVentur...
Entering at early stage with attractive valuations
Multiple deal sources and professional processes
Full support with an e...
KEY INVESTMENT CRITERIA
DIGITAL WORLD
… focus on the Italian lifestyle
PORTFOLIO (1/2)
GAMING
interactiveproject.com
maisonacademia.com
baasbox.com
snapback.io
wineowine.comthingarage.com
cocon...
PORTFOLIO (2/2)
PLATFORMS ADVERTISING & EVENTS
APPS
whoosnap.com zenfeed.me *
pubsterapp.com qurami.com
spotonway.com
leci...
2013 was the first year for LVenture as a group and 2014 was a
year for consolidating activities with a better result than...
Consolidated
(€000’s)
2015 2016 2017 2018
Revenues 1,551 2,145 2,609 3,197
Operating Costs (2,259) (2,751) (2,938) (3,157)...
PORTFOLIO EVOLUTION
EXITS & CAPITAL GAINS
Exit: after 5 years 60% of all Seed Investments assuming 5.45x
CoC
6…
2,394
3,81...
FUNDING
CONSIDERATIONS
€1.5m
Capital Increase
in 2015
To seize the best opportunities and to pursue strategic goals
€3.5m
...
INVEST IN US
Venture Capital: unique opportunity to invest
Diversification: de-risking startups
Liquid Asset: publicly lis...
ONE MORE THING…
@LVentureGrou
p
#investnow
info@lventuregroup.comlventuregroup.com
Presentation Investor Day AIFO 2015
Presentation Investor Day AIFO 2015
Presentation Investor Day AIFO 2015
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Presentation Investor Day AIFO 2015

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INVESTING IN STARTUPS THROUGH A LISTED COMPANY

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Presentation Investor Day AIFO 2015

  1. 1. INVESTING IN STARTUPS THROUGH A LISTED COMPANY MILAN, 13th MAY 2015
  2. 2. Publicly listed holding company Operates on an international level in Venture Capital investing in «fast-growth companies» of the digital world THE COMPANY
  3. 3. Stocks are traded on the MTA segment of Borsa Italiana OUR STOCK 2014 FY Performance 75% Above Market Standard 2.41% Sironi Lucia 2.54% Pighini Stefano SHAREHOLDERS Market LV.EN. Holding 55.06% 39.99% Ticker: LVEN ISIN: IT0005013013 Source: Borsa Italiana
  4. 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. 5. RANKING TOP20 Most Active Tech VCs «The 2014 European Tech Report» Source: bit.ly/TECH_EU2014 Most Active VC in Italy
  6. 6. MISSION We help startups grow and develop them into success stories
  7. 7. FUNDING THE GAP
  8. 8. WHO WE ARE Luigi Capello CEO Stefano Pighini Chairman Board of Advisors Investment Committee Operations Administration Seed InvestmentsAccelerator Giovanni Gazzola COO Francesca Bartoli CFO Augusto Coppola Director Ciro Spedaliere Manager Board of Directors Roberto Magnifico Board Member External Relations Bianca Santillo Manager Online Communication Silvio Gulizia Manager
  9. 9. Network & Know-how Increase Success Rate Providing essential resources to de-risk startups WHAT WE DO
  10. 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. 11. THE ECOSYSTEM SPONSORS INVESTORS NETWORKS PARTNERSADVISOR S UNIVERSITIES 50+ International Executives SPECIAL PROJECTS CORPORATES
  12. 12. BUSINESS MODEL 7 Startups12 Startups 4 Startups from the market Deal Flow LUISS ENLABS Accelerator Micro Seed €60K LVenture Seed €250k 6 Startups EXIT Every 12 months From the 60th month Selection Universities Events Partners Online Other VCs WoM Total investment in startups: €3.7m 33 participations Expected IRR ≥ 30%
  13. 13. Entering at early stage with attractive valuations Multiple deal sources and professional processes Full support with an entrepreneurial approach Small investments and diversified portfolio UNIQUE APPROACH Angels VCs Seed Money Entrepreneuria l approach Operational support Network size Follow on round Professiona l approach Investment terms simplicity Process efficiency Seed Money Entrepreneuria l approach Operational support Network size Follow on round Professiona l approach Investment terms simplicity Process efficiency
  14. 14. KEY INVESTMENT CRITERIA
  15. 15. DIGITAL WORLD … focus on the Italian lifestyle
  16. 16. PORTFOLIO (1/2) GAMING interactiveproject.com maisonacademia.com baasbox.com snapback.io wineowine.comthingarage.com cocontest.com drexcode.com FOOD, FASHION & DESIGN netlexweb.com INTERNET OF THINGS & HARDWARE SOFTWARE AS A SERVICE (SAAS) appeatit.com voverc.commajeeko.com gamepix.com nextwin.com atooma.com bravepotions.com filotrack.com re-bello.com
  17. 17. PORTFOLIO (2/2) PLATFORMS ADVERTISING & EVENTS APPS whoosnap.com zenfeed.me * pubsterapp.com qurami.com spotonway.com lecicogne.netapps-builder.com bulasara.it spotonway.com codemotionworld.com 33 digital startups: 23 accelerated + 10 sourced from the market * Call option only risparmiosuper.it tutored.it verticomics.com moovenda.com tiassisto24.it soundreef.com
  18. 18. 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 IMPROVING OPERATING MARGIN (€000’s) 174 624 1,551 2,145 2,609 3,197 1,318 1,513 2,259 2,751 2,938 3,157 -1.114 -888 -708 -606 -329 40 2013 A 2014 F 2015 2016 2017 2018 REVENUES COSTS EBITDA
  19. 19. Consolidated (€000’s) 2015 2016 2017 2018 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 SUMMARY BUSINESS PLAN 2015 – 2018
  20. 20. PORTFOLIO EVOLUTION EXITS & CAPITAL GAINS Exit: after 5 years 60% of all Seed Investments assuming 5.45x CoC 6… 2,394 3,815 5,070 2015 2016 2017 2018 37 Portfolio Startups 48 Portfolio Startups 59 Portfolio Startups 65 Portfoli o Startup s 1 4 5 6 # of Exits Capital Gains (€000’s)
  21. 21. FUNDING CONSIDERATIONS €1.5m Capital Increase in 2015 To seize the best opportunities and to pursue strategic goals €3.5m Capital Increase in 2016
  22. 22. 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
  23. 23. ONE MORE THING…
  24. 24. @LVentureGrou p #investnow info@lventuregroup.comlventuregroup.com

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