the only listed early stage vc september 2017 - lventure...

The only listed early stage VC

September 2017

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Lugano IRTOP Investor Day 22.09.2017

Disclaimer

This presentation, its contents and any statement made in connection with it do not amount to - and cannot be construed as amounting to - any

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advocacy or other marketing or similar effort of any investment in any securities.

Therefore, any investor contemplating purchasing securities or financial instruments issued by LVenture Group should make its own independent

investigation and assessment with respect to the financial condition and affairs of the issuer, as well as its own appraisal of LVenture Group’s

creditworthiness, and it should carefully consider the risk involved in purchasing such securities or financial instruments.

Any forward looking statement included in this presentation or provided in connection with it reflects management’s current plans, views,

estimates, projections and objectives. Actual results may differ materially from such expectations, as they relate to future events and

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LVG: European Excellence

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VC Overview

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5

Our Corporate Structure

Accelerator Venture Capital

Portfolio of 45+ startups

PARTNER NETWORK OF

BUSINESS ANGELS

S.p.A.

Investment Strategy

Series A

Investment

Priority

International

VC Funds

Co-investors:

Standard deal:

• Investment: €80k

• Post-money: €890k

• Equity stake: 9%

• Sole investor

Seed deal:

• Investment: max €250k

• Pre-money: €1.5-2m

• Rounds: <€1m

• Equity stake: 15-20%

Micro Seed Seed

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2x

Focus on the Acceleration Program

Startups from the Acceleration Program that

receive investments from third party investors

90%

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Competitive Advantage: the Ecosystem

PARTNERS

ADVISORS

50+

International

Champions

COMMUNITY OF

BUSINESS ANGELS

CORPORATES

INVESTOR

NETWORK

UNIVERSITIES

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45+ Startups

PLATFORM

GAMING

HARDWAREMARKETPLACE

&

E-COMMERCE

SAASFOODTECH EVENTS

VIRTUAL

REALITYIOT

FASHION &

DESIGN

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Including 7 startups that have just completed the Acceleration Program

Strategic Goals

Exit Revenues

Maximization of

startup values

Grow corporate relations

and operating margin

Expansion

Build leading

international Startup Hub

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Portfolio Update

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Main Deals Last 12 Months

1st Portfolio Exit 2016

2.7x

45+

Startups in portfolio

€8mnInvested by LVG

€24mnInvested by third parties

36 months

Portfolio maturity

Results (as of 1H2017)

550+

Jobs created

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Market Opportunity

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Amount invested in Venture Capital (€bn)

3.2 2.7 2.0 1.6 0.6 0.2

2,400 2,200 3,100 500 1,100 1,700GDP

(€bn)

VC and J-Curve (Airbnb Case Study)

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2008: close to bankrupcy

2016: $31bn valuation

LVG and J-Curve: Total Portfolio Revenues

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2.4x

2015 2016 2017E

8.2

12.8

>20.0

€mn

LVG and J-Curve: Total Portfolio Value

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6.3

9.5

11.2

8.0

11.7

14.0

2015 2016 1H2017

IFRS LPV

+75%€mn

STRATEGIC PARTNER

€2-3mn

INTERNATIONAL PROGRAM

(Milan)

ACCELERATION

NEW SPACES

LOCATION

ANCHOR INVESTOR

VERTICAL ACCELERATOR

Artificial Intelligence

OPEN INNOVATION

CONTINUITY FUND

€50mn+

INVESTMENTS

LVG: an Exciting Vision

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Early stage investments have the highest expected returns

among the VC landscape1 High Expected Returns

Long term strategic partners: Wind, BNL, Accenture & Sara Assicurazioni,

JV with LUISS University for the brand LUISS ENLABS5 Excellent Network

Hands-on approach with a medium term view3 Medium term approach

Listed on the main segment of the Italian Stock Exchange4 Visibility

Strong Investment Opportunity

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Diversified portfolio of 45+ startups2 Diversification

CORPORATES (IRES)

30%(Net benefit)

Significant Fiscal Benefit

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7.2%(Net benefit)

INDIVIDUAL (IRPEF)

Fiscal benefit recognized only for investments in capital increase

€100k INVESTED

€30k TAX REDUCTION

€100k INVESTED

€7k TAX REDUCTION

“PIR” ELIGIBLE

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Fundraising 2017 - Update

€2.6 mnMay

2017

Capital increase of €2.6mn dedicated

to institutional and strategic investors:

BP 2017-2020 – Recap (€mn)

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€mn 2015A 2016A 2017E 2018E 2019E 2020E

Investments 2.2 2.3 2.6 3.0 3.1 3.2

Revenues 0.9 1.7 2.7 3.4 4.2 5.0

EBITDA (1.1) (1.0) (0.8) (0.4) 0.1 0.6

Write-offs (0.1) (0.7) (0.6) (0.6) (0.8) (0.9)

Exits Gains - 0.1 0.4 1.5 5.0 8.5

Net Income (1.2) (1.9) (1.1) 0.3 4.1 7.7

The ‘‘Secret Sauce’’: Our Team

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Investments

Communication

Board of Directors

(9 members) Stefano

Pighini

Chairman

Administration

Operations

Giovanni

Gazzola

COO

Bianca

Santillo

Manager

Francesca

Bartoli

CFO

Guido

Pezzin

Advisor

Luigi

Capello

CEO

Augusto

Coppola

Director

Lorenzo

Franchini

Advisor

Open Innovation

Exit StrategyAccelerator

Roberto

Magnifico

Board Member

Luigi

Mastromonaco

Investment Manager

New hires of top talent to continue on our growth path

Invest in Us

Venture

Capital

Mkt Cap.

€20mn

High

Return

Diversified

Portfolio

Listed

Company

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LV.EN. Holding S.r.l 2° trim.

LV.EN. Holding S.r.l.

36.6%

Via Marsala 29H Rome

Phone +39 06 4547 3124

lventuregroup.com

luigi.capello@lventuregroup.com

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