#1Earnings Results for the Three-month Period Ended June 30, 2023 Investor Briefing August 8, 2023 SoftBank Group Corp. ― SoftBank Group#2Disclaimers This presentation provides relevant information about SoftBank Group Corp. ("SBG") and its subsidiaries (together with SBG, the "Company") and its affiliates (together with the Company, the "Group") and does not constitute or form any solicitation of investment including any offer to buy or subscribe for any securities in any jurisdiction. In addition, this material does not constitute an offer to sell, or a solicitation of an offer to buy, any securities of Arm Limited. Any offers to sell, solicitations of offers to buy, or sales of securities will be made in accordance with the registration requirements of the U.S. Securities Act of 1933, as amended, and other applicable securities laws. This presentation contains forward-looking statements, beliefs or opinions regarding the Group, such as statements about the Group's future business, future position and results of operations, including estimates, forecasts, targets and plans for the Group. Without limitation, forward-looking statements often include the words such as "targets", "plans", "believes", "hopes", "continues", "expects", "aims", "intends", "will", "may", "should", "would", "could", "anticipates", "estimates", "projects" or words or terms of similar substance or the negative thereof. Any forward-looking statements in this presentation are based on the current assumptions and beliefs of the Group in light of the information currently available to it as of the date hereof. Such forward-looking statements do not represent any guarantee by any member of the Group or its management of future performance and involve known and unknown risks, uncertainties and other factors, including but not limited to: the success of the Group's business model; the Group's ability to procure funding and the effect of its funding arrangements; key person risks relating to the management team of SBG; risks relating to and affecting the Group's investment activities; risks relating to SB Fund (defined as below), its investments, investors and investees; risks relating to SoftBank Corp. and the success of its business; risks relating to law, regulation and regulatory regimes; risks relating to intellectual property; litigation; and other factors, any of which may cause the Group's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by such forward-looking statements. For more information on these and other factors which may affect the Group's results, performance, achievements, or financial position, see "Risk Factors" on SBG's website at https://group.softbank/en/ir/investors/management policy/risk factor. None of the Group nor its management gives any assurances that the expectations expressed in these forward-looking statements will turn out to be correct, and actual results, performance, achievements or financial position could materially differ from expectations. Persons viewing this presentation should not place undue reliance on forward looking statements. The Company undertakes no obligation to update any of the forward-looking statements contained in this presentation or any other forward-looking statements the Company may make. Past performance is not an indicator of future results and the results of the Group in this presentation may not be indicative of, and are not an estimate, forecast or projection of the Group's future results. The Company does not guarantee the accuracy or completeness of information in this presentation regarding companies (including, but not limited to, those in which SB Funds have invested) other than the Group which has been quoted from public and other Regarding Trademarks sources. Names of companies, products and services that appear in this presentation are trademarks or registered trademarks of their respective companies. Important Notice - Trading of SBG Common Stock, Disclaimer Regarding Unsponsored American Depository Receipts SBG encourages anyone interested in buying or selling its common stock to do so on the Tokyo Stock Exchange, which is where its common stock is listed and primarily trades. SBG's disclosures are not intended to facilitate trades in, and should not be relied on for decisions to trade, unsponsored American Depository Receipts ("ADRs"). SBG has not and does not participate in, support, encourage, or otherwise consent to the creation of any unsponsored ADR programs or the issuance or trading of any ADRs issued thereunder in respect of its common stock. SBG does not represent to any ADR holder, bank or depositary institution, nor should any such person or entity form the belief, that (i) SBG has any reporting obligations within the meaning of the U.S. Securities Exchange Act of 1934 ("Exchange Act") or (ii) SBG's website will contain on an ongoing basis all information necessary for SBG to maintain an exemption from registering its common stock under the Exchange Act pursuant to Rule 12g3-2(b) thereunder. To the maximum extent permitted by applicable law, SBG and the Group disclaim any responsibility or liability to ADR holders, banks, depositary institutions, or any other entities or individuals in connection with any unsponsored ADRs representing its common stock. The above disclaimers apply with equal force to the securities of any of the Group which are or may in the future be the subject of unsponsored ADR programs, such as SoftBank Corp. or Z Holdings Corporation. Notice regarding Fund Information contained in this Presentation This presentation is furnished to you for informational purposes and is not, and may not be relied on in any manner as, legal, tax, investment, accounting or other advice or as an offer to sell or a solicitation of an offer to buy limited partnership or comparable limited liability equity interests in any fund managed by a subsidiary of SBG, including SB Global Advisers Limited ("SBGA"), SB Investment Advisers (UK) Limited ("SBIA"), and any of their respective affiliates thereof (collectively, the "SB Fund Managers" and each an "SB Fund Manager") (such funds together with, as the context may require, any parallel fund, feeder fund, co-investment vehicle or alternative investment vehicle collectively, the "SB Funds" and each an "SB Fund"). For the avoidance of doubt, the SB Funds include, among other funds, SoftBank Vision Fund L.P. (together with, as the context may require, any parallel fund, feeder fund, co-investment vehicle or alternative investment vehicle, the "Vision Fund I"), which are managed by SBIA and its affiliates; SoftBank Vision Fund II-2 L.P. (together with, as the context may require, any parallel fund, feeder fund, co-investment vehicle or alternative investment vehicle, the "Vision Fund II"), which are managed by SBGA and its affiliates; and SBLA Latin America Fund LLC (together with, as the context may require, any parallel fund, feeder fund, co-investment vehicle or alternative investment vehicle, the "SoftBank Latin America Fund"), which are managed by SBGA and its affiliates. None of the SB Funds (including the Vision Fund I, Vision Fund II and SoftBank Latin America Fund), the SB Fund Managers -any successor or future fund managed by an SB Fund Manager, SBG or their respective affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein and nothing contained herein should be relied upon as a promise or representation as to past or future performance of the SB Funds or any other entity referenced in this presentation, or future performance of any successor or the future fund managed by an SB Fund Manager. Information relating to the performance of the SB Funds or any other entity referenced in this presentation has been included for background purposes only and should not be considered an indication of the future performance of the relevant SB Fund, any other entity referenced in this presentation or any future fund managed by an SB Fund Manager. References to any specific investments of an SB Fund, to the extent included therein, are presented to illustrate the relevant SB Fund Manager's investment process and operating philosophy only and should not be construed as a recommendation of any particular investment or security. The performance of individual investments of an SB Fund may vary and the performance of the selected transactions is not necessarily indicative of the performance of all of the applicable prior investments. The specific investments identified and described in this presentation do not represent all of the investments made by the relevant SB Fund Manager, and no assumption should be made that investments identified and discussed therein were or will be profitable. The performance of an SB Fund in this presentation is based on unrealized valuations of portfolio investments. Valuations of unrealized investments are based on assumptions and factors (including, for example, as of the date of the valuation, average multiples of comparable companies, and other considerations) that the relevant SB Fund Manager believes are reasonable under the circumstances relating to each particular investment. However, there can be no assurance that unrealized investments will be realized at the valuations indicated in this presentation or used to calculate the returns contained therein, and transaction costs connected with such realizations remain unknown and, therefore, are not factored into such calculations. Estimates of unrealized value are subject to numerous variables that change over time. The actual realized returns on the relevant SB Fund's unrealized investments will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions and circumstances on which the relevant SB Fund Manager's valuations are based. Past performance is not necessarily indicative of future results. The performance of an SB Fund or any future fund managed by an SB Fund Manager may be materially lower than the performance information presented in this presentation. There can be no assurance that each SB Fund or any future fund managed by the relevant SB Fund Manager will achieve comparable results as those presented therein. Third-party logos and vendor information included in this presentation are provided for illustrative purposes only. Inclusion of such logos does not imply affiliation with or endorsement by such firms or businesses. There is no guarantee that an SB Fund Manager, an SB Fund's portfolio companies, any future portfolio companies of a future fund managed by an SB Fund Manager or SBG will work with any of the firms or businesses whose logos are included in this presentation in the future. SBGA and SBIA manage separate and independent operations and processes from each other and those of SBG in the management of Vision Fund I, Vision Fund II and SoftBank Latin America Fund, respectively. Any SB Funds managed by SBGA or SBIA are solely managed by SBGA or SBIA respectively.#3Exchange rates per JPY used for translation Average during quarter 1 USD EOQ 1 USD SBG The Company SBKK Q1 T-Mobile or TMo Deutsche Telekom or DT 129.04 Arm Alibaba Jun 30 SB Northstar SVF1 or SoftBank Vision Fund 1 SVF2 or SoftBank Vision Fund 2 LatAm Funds or Latin America Funds SVF SBIA SBGA SBGC Q2 FY2022 138.68 Sep 30 Q3 141.16 Dec 31 Abbreviations Abbreviations used in Accounting and Finance section of this presentation are as follows. In some cases, "Ltd." and "Corporation" etc. are omitted from the company name. Abbreviations Q4 133.26 Mar 31 133.53 Arm Limited Alibaba Group Holding Limited SoftBank Group Capital Limited T-Mobile US, Inc. after merging with Sprint Deutsche Telekom AG Q1 138.11 Jun 30 144.99 Q2 Sep 30 Other Some figures in the report are rounded and may not add up to the figures presented as the total. FY2023 Q3 = SoftBank Dec 31 Definition (Each of the following abbreviations indicates the respective company and its subsidiaries, if any) SoftBank Group Corp. (stand-alone basis) SoftBank Group Corp. and its subsidiaries SoftBank Corp. SB Northstar LP SoftBank Vision Fund L.P. and its alternative investment vehicles SoftBank Vision Fund II-2 L.P. SBLA Latin America Fund LLC SVF1, SVF2 and LatAm Funds SB Investment Advisers (UK) Limited SB Global Advisers Limited Q4 Mar 31 Group#4Index › Accounting • Finance SoftBank Vision & LatAm Funds =SoftBank Group#5Accounting#6Consolidated Results (\ B) Net sales Income before income tax Net income (attributable to owners of the parent) (Reference) Loss on investments Investment Business of Holding Companies SoftBank Vision Funds Other investments FY22Q1 1,572.0 -3,292.5 -3,162.7 -2,834.4 111.2 -2,919.1 -26.5 FY23Q1 1,557.5 (See p9 for difference to segment results) -176.2 -477.6 -699.0 -689.7 -13.0 3.8 Change -14.5 +3,116.3 +2,685.1 +2,135.5 -800.9 +2,906.1 +30.3 =SoftBank Change % -0.9% I I I I Group Accounting 2#7Investment Business of Holding Companies Segment P/L item Gain/loss on investments at Investment Business of Holding Companies Gain/loss relating to settlement of prepaid forward contracts using Alibaba shares Gain/loss relating to sales of T-Mobile shares Realized gain/loss at asset management subsidiaries Unrealized gain/loss on valuation at asset management subsidiaries Derivative gain/loss at asset management subsidiaries Realized gain/loss Unrealized gain/loss on valuation Change in valuation for the fiscal year Reclassified to realized gain/loss recorded in the past fiscal years Derivative gain/loss Other Selling, general and administrative expenses Finance cost Foreign exchange loss Income/loss on equity method investments Derivative gain/loss (excl. gain/loss on investments) Other gain/loss Segment income (income before income tax) FY22Q1 FY23Q1 111.2 -689.7 97.3 24.8 7.2 -69.5 -5.2 -0.4 -27.6 -27.9 0.3 73.6 11.1 -16.7 -80.0 -822.0 - 139.8 -245.0 -5.8 -1,198.1 -0.1 0.9 0.0 17.7 -620.4 -620.3 -0.0 FY23Q1 Main Items =SoftBank Alibaba: ¥553.4B loss, DT: ¥77.2 loss, TMo: ¥31.9B loss (due to share prices decrease) -97.0 9.1 -19.6 -97.3 -466.1 Impact of the weaker yen (see p18-19) -1.6 848.8 ¥769.9B gain on Alibaba prepaid forward contracts 31.0 -394.5 Group ¥105.4B loss on the fair value of TMo contingent consideration (see p7) Increased ¥17.4B yoy at SBG and 100% subs for fund procurement (\B) 1 I Accounting 3#8Alibaba Shares and Derivative Financial Assets/Liabilities (Amount Recorded in B/S) Value of Alibaba shares recorded in B/S considering prepaid forward contracts: $31,784M (A + B) Of valuation loss on shares (c), the loss related to shares used for prepaid forward contracts was almost offset by valuation gain on derivatives ( D ). Alibaba shares (used for prepaid forward contracts) Alibaba shares Derivative financial assets/liabilities (net) Investment securities (FVTPL) Alibaba share price $102.18 $36,264M с (¥4,842.3B) Valuation loss FY22Q4 $83.35 A $29,581M (¥4,289.0B) FY23Q1 Derivative financial assets/liabilities (net) $102.18 -$3,050M (-¥407.3B) FY22Q4 =SoftBank New contract D Valuation gain $83.35 B $2,203M (¥319.4B) FY23Q1 Group Accouting 4#9T-Mobile: Shareholding & Fair Values includes shares subject to unexercised Deutsche Telekom's call options Held 43.3M T-Mobile shares at FY23Q1, up 3.6M shares from FY22Q4 I Received 3.6M T-Mobile shares upon vesting contingent value rights (CVR) in Jun 2023, which were received in Jun 2020 related to the disposal of the shares Fair value of T-Mobile shares ($M) (i) T-Mobile shares subject to call options (net of the fair value of derivative financial liabilities) √ T-Mobile share price (ii) T-Mobile shares not subject to call options (iii) T-Mobile shares received upon vesting CVR, not subject to call options Fair value of CVR (M) Number of shares subject to DT call options*1 Number of shares not subject to DT call options TOTAL number of shares held $134.54 I I 401 646 4,323 Jun 30 2022 35.0 4.8 39.8 $134.17 405 644 4,315 Sep 30 35.0 4.8 39.8 I *1 The call options expire on June 22, 2024, unless certain events occur that trigger an earlier expiration date. *2 Fixed: 6.7M shares, Floating: 28.2M shares $140.00 453 672 4,490 Dec 31 35.0 4.8 39.8 I $144.84 504 695 4,653 Mar 31 2023 35.0 4.8 39.8 =SoftBank $138.90 495 667 4,499 Jun 30 35.0 8.3 43.3 *2 Group $231M (¥31.9B) valuation loss for FY23Q1 of which (i) $236M (¥32.6B) loss on shares continue to held (ii) $5M (¥0.7B) gain on shares reclassified from CVR $5,661M Accounting 5#10Deutsche Telekom: Shareholding & Fair Values Acquired 225M Deutsche Telekom shares in Sep 2021 in return for the sale of T-Mobile shares. Fair value of Deutsche Telekom shares ($M) Number of Deutsche Telekom shares held (M) Deutsche Telekom share price €18.95 4,446 Jun 30 2022 225.0 €17.49 3,859 Sep 30 225.0 €18.64 4,473 Dec 31 225.0 €22.35 5,463 Mar 31 2023 225.0 =SoftBank €19.98 $559M (¥77.2B) valuation loss for FY23Q1 4,904 Jun 30 Group 225.0 Accounting 6#11T-Mobile Shares: Fair Values of Contingent Consideration Contingent consideration is the Company's right to acquire 48.8M T-Mobile shares for no consideration if: 45-day trailing VWAP of T-Mobile share $150 during Apr 1, 2022 to Dec 31, 2025 $134.54 T-Mobile share price Fair value of T-Mobile Contingent Consideration ($M) 5,384 Jun 30 2022 $134.17 5,469 Sep 30 $140.00 5,927 Dec 31 $144.84 6,244 Mar 31 2023 $138.90 Closing price on Aug 4, 2023: $134.60 SoftBank 5,481 Group $763M (¥105.4B) derivative loss on investments for FY23Q1 Jun 30 Accounting 7#12SoftBank Vision Funds Segment P/L Gain/loss on investments at SoftBank Vision Funds Gain/loss on investments at SVF1, SVF2, and LatAm Funds Realized gain/loss on investments* Unrealized gain/loss on valuation of investments* Change in valuation for the fiscal year Reclassified to realized gain/loss recorded in the past fiscal years Interest and dividend income from investments Derivative gain/loss on investments Effect of foreign exchange translation Gain/loss on other investments Selling, general and administrative expenses Finance cost Derivative gain/loss (excl. gain/loss on investments) Change in third-party interests in SVF Other gain/loss Segment income (income before income tax) * Net amount FY22Q1 FY23Q1 -2,933.8 -2,935.0 -26.7 -2,915.9 -2,881.5 -34.4 0.4 37.7 -30.5 1.2 -18.9 -15.4 0.5 631.4 5.5 -2,330.8 159.8 1.5 2.5 134.7 ¥131.2B gain at SVF1, ¥44.0B loss at SVF2 -68.2 ¥86.9B loss at SVF1, ¥19.7B gain at SVF2 212.2 120.9 ¥124.1B gain at SVF1, ¥50.3B loss at SVF2 91.4 ¥106.9B gain at SVF1, ¥16.7B loss at SVF2 25.1 -18.3 -23.6 SoftBank FY23Q1 Main Items In consolidated P/L, loss on investments at SoftBank Vision Funds was ¥13.0B -58.1 1.3 61.0 The amount arose from the FX differences used to -13.3 translate unrealized and realized gains and losses Returned to profit for the first time in six quarters Group (¥ B) Accounting 8#13Deference between Segment Results and Consolidated P/L (i) Investment gains/losses related to subsidiaries (mainly Arm and PayPay) are included in "gain/loss on investments at SoftBank Vision Funds" (segment information), but are eliminated in consolidations and excluded from "gain/loss on investments at SoftBank Vision Funds" in the consolidated P/L. (ii) "Change in third-party interests in SVF" is not adjusted for consolidation as it is interests of third parties. (i) Gain/loss on investments at SoftBank Vision Funds Gain/loss on investments in subsidiaries, etc. Gain/loss on investments in other than subsidiaries, etc. (ii) Change in third-party interests in SVF (Segment information) SVF segment 159.8 172.8 -13.0 -58.1 = SoftBank -172.8 Reconciliations Consolidated P/L -172.8 (\B) -13.0 -13.0 Group -58.1 Accounting 9#14(Reference) Investment Performance of SVF1 and SVF2 FY23*¹ Gain/loss Q1 SVF1 Exited investments Derivatives/Interests/Dividends SVF2 Cost *2 Exited investments 89.6 25.2 64.4 Since Inception Returns*2 102.0 43.3 56.3 Gain/loss 12.4 Investments before exit Reversal of previously-recorded valuation gain/loss for exited investments in FY23 0.0 2.4 2.4 51.8 33.2 -18.6 1.8 3.0 1.2 50.0 30.4 - 19.6 --- 18.1 -8.1 Investments before exit Reversal of previously-recorded valuation gain/loss for exited investments in FY23 -0.2 -0.2 ($ B) 0.9 -0.7 0.9 0.7 -0.0 -0.3 0.1 -0.4 -0.0 0.0 SoftBank Derivatives/Interests/Dividends *1 The amount of gains and losses for exited investments in FY23 represents the exit price, net of the investment cost of such investments. Unrealized valuation gains and losses of such investments recorded in prior years are presented as a reversal of valuation gain/loss recorded in prior periods for exited investments in FY23. *2 For derivatives, the investment cost represents the cost of the derivatives. Investment returns represent the exit price for exited investments, the fair value for investments before exits, the settlement amount of settled contracts or the fair value of open contracts for derivatives, and the respective amounts received for interest or dividends. Group Accounting 10#15Status of Investment and Financial Support for WeWork a b C d e f WeWork stocks and warrants held by SVF1 and SVF2 WeWork convertible bonds with a face value of $457.1M held by SVF2 WeWork unsecured notes with a face value of $1.65B having been held by SBG/SVF2 (exchanged for stocks (a) & convertible bonds (b) in FY23Q1) WeWork senior secured notes with a face value of $0.30B having been held by SVF2 (redeemed in FY23Q1) Commitment by SVF2 to acquire WeWork notes up to $0.30B Credit support by SVF2 for a letter of credit facility up to $1.43B provided to WeWork by financial institutions Account Loss on investments at SoftBank Vision Funds Loss on equity method investments/Other loss P/L Loss on investments at SoftBank Vision Funds Other loss (loss on unsecured notes derecognized) Gain on investments at SoftBank Vision Funds Other gain Loss on investments at SoftBank Vision Funds Other gain Total Amount (Minus shows loss) - 58.9 -3.3 -25.9 -21.6 0.4 0.0 -34.3 0.9 -142.7 Account B/S Investments from SVF (FVTPL) Investments accounted for using the equity method Investments from SVF (FVTPL) Other financial liabilities (current) Other financial liabilities (current) SoftBank Group (¥ B) Carrying amount on Jun 30, 2023 (Minus shows liabilities) 56.6 ($390M) 1.7 ($12M) -36.0 (-$249M) -164.5 (-$1.13B) Accounting 11#16Consolidated P/L Summary P/L item Net sales Gross profit Gain/loss on investments Investment Business of Holding Companies SoftBank Vision Funds Other investments Total gain on investments Selling, general and administrative expenses Finance cost Foreign exchange loss Income/loss on equity method investments Derivative gain/loss (excl. gain /loss on investments) Change in third-party interests in SVF Other gain/loss Income before income tax Income taxes Net income Net income attributable to owners of the parent (\B) FY22Q1 FY23Q1 Change 1,572.0 1,557.5 883.8 832.1 -689.7 -800.9 +2,906.1 111.2 1 -2,919.1 2 -13.0 -26.5 3.8 +30.3 -699.0 +2,135.5 -2,834.4 -626.5 -648.1 -114.1 3 -139.6 -820.0 4 -464.6 -158.4 -18.3 -259.35 631.4 5.1 6 -3,292.5 196.1 7 -14.5 -51.7 -3,096.3 -3,162.7 -477.6 -21.6 -25.5 +355.3 +140.1 849.6 -58.1 169.8 -176.2 -140.0 -316.2 +2,780.1 +2,685.1 +1,108.9 -689.4 +164.7 +3,116.3 -336.1 =SoftBank 1 •¥620.4B valuation loss due to declines in the share prices of Alibaba, DT, and TMo •¥553.4B loss on Alibaba was offset by ¥769.9B derivative gain related to prepaid forward contracts using Alibaba shares 2 SVF1: ¥38.7B loss, SVF2: ¥46.9B loss, LatAm: ¥47.5B gain, Other investments: ¥25.1B gain Group 3 Interest expenses increased at SBG and wholly owned subsidiaries conducting fund procurement (see p3) 4 Impact of the weaker yen (see p18-19) cf. increase in exchange differences from the translation in B/S: ¥1,257.0B 5 ¥769.9B gain on Alibaba prepaid forward contracts 6 ¥108.8B gain relating to loss of control over subsidiaries (mainly SB Energy Corp.) •Interest income increased due to higher interest rates in USD- dominated deposits 7 Income taxes recorded at SBG, SBKK, etc. Accounting 12#17Consolidated B/S Summary - 1 (\ B) Change B/S item Current assets Non-current assets Main items Cash and cash equivalents Derivative financial assets Other financial assets Other current assets Property, plant and equipment Goodwill Intangible assets Investments accounted for using the equity method Investments from SVF (FVTPL) SVF1 SVF2 LatAm Funds Investment securities Derivative financial assets Other financial assets Total assets Mar 2023 Jun 2023 10,586.5 10,977.4 6,925.2 1 7,316.1 249.4 371.3 282.1 33,349.9 1,781.1 5,199.5 2,409.6 730.4 +390.9 1 SBG balance: ¥4,528.4B (¥1,074.0B increase) +391.0 279.1 2 +29.7 424.6 +53.3 345.2 +63.1 34,703.6 +1,353.7 1,785.7 5,467.4 3 2,435.4 10,489.7 826.5 +4.6 +268.0 +25.8 +96.1 11,477.5 4 +987.8 6,513.6 4,120.7 6,110.5 3,646.3 732.9 7,706.5 843.2 7,491.1 5 +403.0 +474.4 +110.3 -215.4 +197.2 1,170.8 1,368.0 6 2,303.6 2,312.7 7 +9.1 43,936.4 45,681.0 +1,744.6 = SoftBank 2 ¥84.9B increase for Alibaba prepaid forward contracts mainly due to a fall in Alibaba share price 5 See p14 Group •Contingent value rights received in relation to the disposal of TMo shares (recorded amount in FY22: ¥67.3B) were vested 3 ¥271.3B increase at Arm due to the weaker yen against USD 4 SVF1 $0.33B fair value decrease, $0.51B sold .SVF2 $0.14B fair value decrease, $0.26B sold, $1.51B acquired •LatAm Funds $0.34B fair value increase, $0.03B sold, $0.02B acquired *includes 8.6% yen depreciation in FX rate used for translations in FY23Q1 7 6 ¥150.2B increase for Alibaba prepaid forward contracts •¥39.1B decrease in the fair value of the contingent consideration for TMo shares (see p7) •WeWork unsecured notes (face value: $1.65B, recorded amount in FY22: ¥110.7B) transferred to SVF2 Accounting 13#18Investment Securities in Consolidated B/S (Main Investments) Investment securities FVTPL Alibaba ● T-Mobile Deutsche Telekom NVIDIA Others FVTOCI and others Mar 2023 7,706.5 7,244.3 4,842.3 $36,264M 769.2 $5,761M 729.5 $5,463M 39.0 864.3 462.2 Jun 2023 7,491.1 6,977.6 4,289.0 $29,581M 872.8 $6,020M 711.0 $4,904M 64.5 1,040.4 513.4 Change -215.4 -266.7 -553.4 -$6,683M +103.6 +$259M +51.2 Outline -18.4 -$559M +25.5 Fair value increase +176.1 Decreased due to a fall in Alibaba share price SoftBank Note: Includes the increase in carrying amount of investments due to an 8.6% depreciation of the yen against USD in the foreign currency exchange rate used for translations in FY23Q1. Increased due to the receipt of 3.6 million TMo shares (balance in FY23Q1: ¥71.8B) upon vesting contingent value rights received in Jun 2020 in relation to the disposal of TMo shares, despite a fall in TMo share price Decreased due to a fall in DT share price Includes public and corporate bonds held by PayPay Bank Group (\B) Accounting 14#19Breakdown of Goodwill/Intangible Assets B/S Item Goodwill Main intangible assets Arm SBKK LINE ZOZO Main items Technologies Main b/d Main b/d Arm Customer relationships ZOZO LINE Arm Trademarks Management contracts Mar 2023 5,199.5 3,161.7 913.9 628.9 212.8 344.3 344.3 599.3 277.6 204.1 88.0 542.9 18.0 Jun 2023 5,467.4 3,433.0 913.9 628.9 212.8 361.4 361.4 602.9 274.4 200.8 91.9 542.9 18.1 Amorti- zation -11.9 -3.3 -3.3 -3.5 Change Changes in FX rate +271.3 +29.0 +7.4 +1.5 Others I T = SoftBank Outline Amortized at straight-line method for 8-20 years Group (\B) Amortized at straight-line method for 18-25 years Amortized at straight-line method for 12-18 years Amortized at straight-line method for 13 years Fortress 18.0 18.1 -1.3 Amortized at straight-line method for 5-10 years * Other than Arm, these are the amounts of goodwill recognized at the date of acquisition by SBG. They do not include goodwill recognized as a result of M&A executed by the relevant subsidiaries after their acquisition dates. The goodwill of Arm represents the amount reallocated to the Arm segment, as a result of the organizational change in FY20. Accounting 15#20Consolidated B/S Summary - 2 (\ B) B/S item Current liabilities Non-current liabilities Main items Interest-bearing debt Lease liabilities Deposits for banking business Trade and other payables Derivative financial liabilities Other financial liabilities Income taxes payable Other current liabilities Interest-bearing debt Lease liabilities Third-party interests in SVF Derivative financial liabilities Other financial liabilities Deferred tax liabilities Other non-current liabilities Total liabilities Mar 2023 1,472.3 2,416.9 82.6 180.2 367.4 675.9 10,580.7 11,364.5 +783.8 5,129.01 6,413.7 +1,284.7 184.1 170.6 -13.5 1,533.7 +61.4 2,166.1 -250.8 89.1 +6.5 241.0 +60.9 100.7 2 -266.7 572.6 -103.3 22,706.4 22,866.7 14,349.1 1 14,674.4 652.9 649.8 4,822.5 4,499.4 899.4 58.5 Jun 2023 1,828.6 254.9 33,287.2 Change 1,878.6 281.2 34,231.2 +160.3 +325.2 -3.1 343.4 3 -556.0 46.8 -11.7 +323.2 +50.1 +26.2 +944.1 1 SBG = SoftBank Group Borrowings*: ¥429.0B (¥47.2B increase) Corporate bonds*: ¥5,950.4B (¥197.3B increase) Wholly owned subsidiaries conducting fund procurement Borrowings*: ¥2,204.6B (¥139.2B increase) Financial liabilities relating to sale of shares by prepaid forward contracts*: ¥5,238.2B (¥974.6B increase) SVF Borrowings*: ¥1,419.9B (¥97.2B increase) *Total of current and non-current. See p32-33 of FY23Q1 SBG Consolidated Financial Report for details. 2 Income tax payment by SBG 3 ¥491.6B decrease related to prepaid forward contracts using Alibaba shares Accounting 16#21Consolidated B/S Summary - 3 Equity Items Common stock Capital surplus Other equity instruments Retained earnings Treasury stock Accumulated other comprehensive income Total equity attributable to owners of the parent Non-controlling interests Ratio of equity attributable to owners of the parent (equity ratio) Mar 2023 238.8 2,652.8 10,649.2 11,449.8 +800.5 414.1 2,006.2 -38.8 3,756.8 9,029.8 1,619.4 Jun 2023 20.6% 238.8 2,655.3 414.1 1,495.4 1 -33.3 9,785.5 (\B) Change 1,664.3 21.4% +2.5 5,015.2 2+1,258.4 -510.9 +5.5 +755.6 +44.9 +0.9% = SoftBank Group (\ B) 1 ¥477.6B net loss attributable to owners of the parent 2 ¥1,257.0B increase in exchange differences from the translation of foreign operations due to the weaker yen (increase in exchange differences arising from translating foreign subsidiaries and associates into yen mainly due to the weaker yen against USD. See also p18-19) Cf. ¥464.6B foreign exchange loss was recorded in consolidated P/L for FY23Q1 (see p12) Accounting 17#22Impact of the Weaker Yen on P/L & B/S (Illustration) P/L Foreign exchange gain (loss) Entities SBG stand-alone + Subsidiaries conducting fund procurement in Japan Foreign subsidiaries and associates whose functional currency is not yen (e.g., SVF1/2, LatAm Funds) Components Foreign currency- denominated cash and cash equivalents/ Loans receivable (excl. investments) Foreign currency- denominated liabilities (borrowings/bonds) Net assets (positive) Foreign exchange gain (See page 19) Foreign exchange loss (See page 19) Change in fair values =SoftBank B/S Group Exchange differences from translation Exchange differences from translation (See page 17) Accounting 18#23Impact of the Weaker Yen in FY23Q1 Foreign exchange loss in consolidated P/L for FY23Q1: ¥464.6B At SBG stand-alone: Foreign exchange losses of ¥702.8B related to foreign currency-denominated borrowings from Group companies, ¥61.0B related to foreign currency-denominated bonds excl. perpetual hybrid bonds Jun 30, 2023 $ ¥144.99 SBG stand-alone balance Foreign currency-denominated debts (borrowings/bonds) incl. intra-Group borrowings Mar 31, 2023 $=¥133.53 $71.8B $66.6B $23.8B $28.9B $20.0B cash and cash equivalents/ $25.2B cash and cash equivalents/ $3.7B loans receivable $3.7B loans receivable Net (liabilities) $48.0B $37.7B Exchange differences from translation in consolidated B/S on Jun 30, 2023: ¥5,042.0B, up ¥1,257.0B from Mar 31, 2023 mainly related to investments in subsidiaries' shares and associates Foreign currency-denominated cash and cash equivalents/ Loans receivable excl. investments Net assets of subsidiaries SVF1/2 and LatAm Funds net of third-party interests & carrying amount of Arm shares SBGC*2 net of carrying amount of Arm shares Mar 31, 2023 $=¥133.53 $42.1B ¥5,624.6B $33.6B ¥4,488.5B $28.7B ¥3,837.8B Arm *1 Considering intercompany transactions on consolidation *2 SoftBank Group Capital Limited Jun 30, 2023 $=¥144.99 $42.4B ¥6,154.5B $33.8B ¥4,899.0B $28.8B ¥4,181.1B Change +$0.3B(A) +¥529.9B(B) SoftBank +$0.2B(A) +¥410.5B(B) +$0.1B(A) +¥343.3B (B) Exchange differences from translation in consolidated B/S ((B) - (A) x average rate for FY23 ¥138.11/$) )*¹ +¥485.0B Group +¥386.4B +¥330.0B Accounting 19#24Consolidated C/F Summary C/F item C/F from operating activities C/F from investing activities C/F from financing activities FY22Q1 FY23Q1 +140.8 -172.6 +175.9 +529.6 +286.1 -307.8 3 4 Effect of FX rate changes Increase/decrease in cash and cash equivalents Opening balance Closing balance Primary details for FY23Q1 +311.5 Subtotal of cash flows from operating activities -437.9 Income taxes paid +16.2 Income taxes refunded -212.5 Payments for acquisition of investments +35.9 Proceeds from sales/redemption of investments -123.9 Payments for acquisition of investments by SVF +134.9 Proceeds from sales of investments by SVF -191.2 Purchase of PP&E and intangible assets 5+1,601.2 Proceeds from interest-bearing debt 6 -794.8 Repayment of interest-bearing debt Distribution/repayment from SVF to third-party -118.1 2 (\B) investors -31.4 Cash dividends paid -140.5 Cash dividends paid to non-controlling interests FY22Q1 FY23Q1 +298.8 +341.8 +901.7 +391.0 +5,169.0 +6,925.2 +6,070.7 +7,316.1 =SoftBank Group 1 ¥313.4B decrease yoy •¥236.3B increase in outlay for income taxes SBG has paid ¥229.2B income taxes mainly due to gains from the sale of Alibaba shares in FY22 •¥66.0B decrease in SB Northstar's cash inflows 2 Outlays of ¥120.0B at SBG and wholly owned subsidiaries (mainly strategic investments) 3 Outlays of $0.88B at SVF2, $0.02B at LatAm 4 Proceeds of $0.61B on SVF1, $0.33B at SVF2 5 SBG •Made ¥105.5B short-term borrowings, procured ¥53.1B through a hybrid loan •Issued domestic hybrid bonds totaling ¥222.0B Wholly owned subsidiaries conducting fund procurement • Procured $4.39B through Alibaba prepaid forward contracts SBKK • Procured ¥208.9B mainly through the securitization of installment sales receivable and sale-and-leaseback transactions 6 SBG •Repaid ¥109.5B short-term borrowings •Repurchased and redeemed bonds totaling ¥153.0B SVF •Repaid asset-backed finance, $0.07B at SVF1 and $0.05B at SVF2 SBKK •Repaid ¥175.2B borrowings made mainly through the securitization of installment sales receivable and sale-and-leaseback transactions Accounting 20#25Income Taxes Paid on a Consolidated Basis (Net) ● ● Consolidated ● Japan SBG and holding companies (wholly owned subsidiaries) Operating companies (mainly SBKK and Yahoo Japan) Overseas FY18 FY19 415.4 636.3 445.5 284.3 575.2 310.5 36.8 324.7 247.5 250.5 131.1 FY20 61.1 FY21 135.0 551.2 35.7 200.0 274.8 351.2 589.3 525.9 2,612.4 FY22 38.1 Total ― SoftBank 469.7 2,190.9 214.2 811.4 255.5 1,379.5 56.2 421.5 Notes: The amounts are the net amount of tax payments and tax refunds. Income taxes paid on a consolidated basis matches the net amount of "income taxes paid" and "income taxes refunded" in the consolidated statement of cash flows. Group FY23Q1 (\B) 421.7 416.0 ¥83.9B of income taxes refunded for FY18, and ¥121.1B of income taxes refunded for FY20 were netted out with income taxes paid for the previous fiscal years as these income taxes refunded were returned from the income taxes paid for the previous fiscal years. 289.6 126.4 5.7 Accounting 21#26Co-investment Program to SVF2: Related Party Transactions SBG 100% SVF2 Listed investments as of Jun 23, 2021*2 Masayoshi Son (B) Distribution: $173M (Return of capital) Equity interests: 82.75% Preferred Equity *1 SVF2 LLC Private investments*3 as of Jun 23, 2021*2 + New investments on or after Jun 24, 2021 SoftBank Equity interests of third-party interests FY23Q1: $- FY22: $- (¥. Equity interests: 17.25% (A) Equity acquisition amount: $2,923M (i) Acquisition costs: $2,594M (committed capital: $2.6B) (ii) Adjustments etc.: $329M + Premium receivable: $153M (FY22-end: $132M) Balance of the receivables ((A) – (B)) - FY23Q1: $2,903M (¥420.9B) FY22: $2,882M (¥384.9B) Group Notes: For details of the related party transaction, see p73-75 of FY23Q1 SBG Consolidated Financial Report. *1 Participation by management other than Masayoshi Son has not been determined as of the date of this presentation, but is expected in the future. *2 Jun 23, 2021 is the date on which the Co-investment Program was conditionally approved by the Board of Directors of SBG. *3 Excludes portfolios that were listed or announced to be listed as of Jun 23, 2021, and portfolios that were approved by the Board of Directors of SBG to be excluded from the Co-investment Program. Accounting 22#27Co-investment Program to LatAm Funds & Management's Investment in Asset Management Subsidiary Co-investment program to LatAm Funds Equity interests of third-party investors FY23Q1: $191M (¥27.7B) FY22: $215M (¥28.7B) SBG Equity interests: 82.75% Preferred Equity Masayoshi Son LatAm Equity interests: 17.25% Equity acquisition amount: $649M + Premium receivable: $34M SLA LLC Balance of the receivables FY23Q1: $683M (¥99.1B) FY22: $678M (¥90.6B) *For details, see p76-77 of FY23Q1 SBG Consolidated Financial Report. Loans entrusted Management's investment in asset management subsidiary 66.7% SBG Delaware subsidiaries 100% SB Northstar = SoftBank 33.3% Masayoshi Son Group Non-controlling interests in equity (Son's interests) FY23Q1: -¥239.0B FY22: -¥246.9B *For details, see p11 of FY23Q1 SBG Consolidated Financial Report. Non-controlling interests (Son's interests), including interest and others on loans, amounted to -¥394.5B as of Jun 30, 2023. Accounting 23#28SoftBank Group#29Finance SBG stand-alone financial figures are calculated by excluding those of self- financing entities from the consolidated figures, unless otherwise stated. Major self-financing entities includes SBKK (including its subsidiaries such as Z Holdings and PayPay), SVF1, SVF2, LatAm Funds, and Arm, etc.#30=SoftBank How We See the Current Environment There is a sense of easing in the ascent in US interest rates. Weaker JPY against USD YTD. In US stocks, large-cap tech companies lead the rise in key indices (%) 6.0 5.0 4.0 3.0 2.0 1.0 0.0 U.S. Interest Rates . FF Target Rate (upper bound) -US 2Y Treasury Dec 31 2021 -US 10Y Treasury Man Dec 31 2022 (Note) Created by SBG based on Bloomberg. *1 Indexed with Dec 31, 2021 as 100. *2 Philadelphia Semiconductor Sector Index *3 Thomson Reuters Venture Capital Index Jun 30 2022 Aug 7, 2023 (JPY) FF Target Rate (upper bound) 160 5.50% 2Y 4.8% murhaus 1ΟΥ 4.1% Jun 30 2023 150 140 130 120 110 100 Dec 2021 USD/JPY Jun 30 Dec 31 2022 2022 Aug 7, 2023 ¥142.50 Jun 30 2023 120 100 80 60 40 U.S. Stock Prices*1 Dec 31 2021 -S&P500 -VC Index -NASDAQ NASDAQ-100 TECH Sector SOX Index Читати Dec 31 2022 Jun 30 2022 Group Aug 7, 2023 94.8 S&P500 94.8 SOX*2 89.4 NASDAQ 85.9 NASDAQ-100 TECH Sector 60.6 VC Index*3 Jun 30 2023 Finance 2#31SoftBank Key Drivers of Higher U.S. Stock Prices (from Jan 1, 2023 to Aug 7, 2023) Large-cap tech and semiconductor stocks contribute to sharp recovery in U.S. stock prices. VC index also performed strongly YTD Magnificent 7 ("Large-cap Tech Names") *1,2 180 160 140 120 100 80 -S&P500 (excl. Magnificent 7) -S&P500 -Magnificent 7 Mar 31 2023 m Jun 30 2023 Aug 7, 2023 162.5 117.7 107.0 S&P500 ■VC Index NASDAQ NASDAQ-100 TECH Sector SOX Index - 19% Index Performances*3 -33% -55% -40%-36% 18% 2022 34% 34% 43% Dec 31 2022 (Note) Created by SBG based on Bloomberg. *1 Indexed with Dec 31, 2022 as 100. *2 Magnificent 7: Nvidia, Alphabet, Amazon, Apple, Meta, Microsoft, and Tesla. The graph represents the market capitalization-weighted average of these stocks. *3 The performances for 2022 are calculated by comparing the closing prices of Dec 31, 2021 and Dec 31, 2022. The performances for 2023 YTD are calculated by comparing the closing prices of Dec 31, 2022 and Finance 3 Aug 7, 2023 48% 2023 YTD Group#32=SoftBank Historical NAV and LTV NAV increased for two consecutive quarters due to FX impact and higher stock prices. LTV reached an all-time low NAV (¥T) 18.5 18.5 16.7 13.9 Increased by ¥1.4T QoQ 15.5 14.1 LTV 25% 20.4% 14.5% Mar Jun Sep Dec Mar Jun Mar Jun 2022 2022 2022 2023 2023 2022 2022 2022 (Note) NAV (Net Asset Value) = Adjusted SBG stand-alone equity value of holdings - adjusted SBG stand-alone net interest-bearing debt. LTV 15.0% Sep 2022 18.2% Dec 2022 Improved by 3.0pp QoQ 11.0% Mar 2023 Group 8.0% Jun 2023 Finance 4#33Key Financial Activities in FY2023 Q1 Resuming offensive investments while adhering to financial policy NAV.LTV Financing activities Investment activities NAV of ¥15.5T: +¥1.4T QOQ LTV of 8.0%: -3.0pp QoQ Net debt of ¥1.4T: -¥0.3T QOQ Cash position of ¥5.8T*¹: +¥0.7T QOQ Refinanced USD hybrid bonds. Fully monetized Alibaba shares Replacement of USD hybrid bonds*2 - - - - ● Funding: Domestic hybrid bonds and hybrid loan (Total: ¥275.1B) Redemption: USD hybrid bonds $2.0B (approx. ¥259.7B) (July 2023) Approx. ¥121.3B*³ redemption of senior bonds at maturity $4.4B of Alibaba asset-backed finance (approx. ¥605.6B) Resuming investments from SVF2 and SBG/Others Invested $1.8B in Q1 (approx. ¥241.6B)*4 Sale of SB Energy (85% of ownership): ¥102.0B*5 Additional investment in Symbotic and establishment of JV (July 2023) ● SoftBank *3 For foreign-currency notes, the contracted swap foreign exchange rate is applied. *4 Invested amounts from SBG and its major wholly owned subsidiaries. Converted to JPY by using average exchange rate of FY2023 Q1. *5 Sale price. Group *1 Cash and cash equivalents + short term investments recorded as current assets + undrawn commitment line. ¥702.6B undrawn commitment as of Jun 30, 2023. SBG stand-alone basis (excl. SB Northstar; however, its including cash and cash equivalents) *2 Replacement of USD Perpetual Hybrid NC6 Notes .Refinance of domestic hybrid bond (¥15.4B) which will reach early redemption in Sep 2023 has also been completed. Finance 5#34Invested Amounts (SVF1+2+LatAm+SBG/Others) Resuming investments from SVF2 and SBG/Others ($ B) 15.9 SBG/Others 1.2 SVF1+ SVF2+ 14.7 LatAm 13.4 13.1 8.7 Q2 8.6 5.9 Q3 5.6 Q1 FY2021 (Note) SBG/Others: SBG and its major wholly owned subsidiaries. SVF invested amounts: the sum of new and follow-on investments, including those through share exchanges. Excludes the investment amount of the investments transferred from SBG to SVF. Q4 2.5 2.3 Q1 FY2022 0.5 Q2 0.5 Q3 0.5 Q4 SoftBank 1.8 0.9 0.9 Q1 FY2023 Group Finance 6#35Historical Alibaba Monetization Fully monetized Alibaba shares totaling for $80.6B ($4.4B in FY2023 Q1) 11.7 Aggregated Monetization Amount of Alibaba Shares ~FY2019 27.5 FY2020 40.6 FY2021 76.2 FY2022 =SoftBank (Note) The amount of monetization is net of costs including option premiums on derivative transactions and payments for cash settlement. 80.6 ($B) 4.4 FY2023 Q1 Group Finance 7#36Beneficial Ownership of Alibaba Shares Fully monetized Alibaba shares through prepaid forward contracts Beneficial 23.7% ownership Used for prepaid forward contracts *1 14.6% *2 13.5% * 3 13.7% Jun 2022 Sep 2022 Dec 2022 Mar 2023 *1 Calculated based on 21,357,323,112 ordinary shares outstanding as of Mar 31, 2022 which are disclosed in Alibaba's Form 20-F. *2 Calculated based on 21,185,107,544 ordinary shares outstanding as of Jul 15, 2022 which are disclosed in Alibaba's Form 20-F. *3 Calculated based on the number of ordinary shares outstanding as of Sep 30, 2022. *4 Calculated based on 20,680,409,344 ordinary shares outstanding as of Dec 31, 2022. *5 Calculated based on the number of ordinary shares outstanding as of Mar 31, 2023. *4 =SoftBank 13.8% Jun 2023 *5 Group Finance 8#37Equity Value of Holdings Arm becomes a core asset. Portfolio liquidity expected to improve significantly post Arm IPO. Alibaba 23% 10% 5% 12% 43% 435 entities 8% 5% 15% 10% 18% 45% 439 entities 8% 0.1% 14% 8% 22% 47% 438 entities 8% Arm SoftBank SBKK T-Mobile Deutsche Telekom SVF1.2 LatAm Funds Others excl. asset-backed finance Group Mar 2022 Mar 2023 Jun 2023 Proportion of listed shares 52% 41% 36% (Note) For details of equity value of holdings, see Appendix "Calculation of Equity Value of Holdings as of Jun 30, 2023" for the Jun 30, 2023 data, Appendix "(Reference) Calculation of Equity Value of Holdings as of Mar 31, 2023" in FY22Q4 Investor Briefing material for the Mar 31, 2023 data, and Appendix "(Reference) Calculation of Equity Value of Holdings" in FY21Q4 Investor Briefing material for the Mar 31, 2022 data. Proportion of listed shares in total equity value of holdings includes shares of Alibaba, listed shares held by SVF1, SVF2, and LatAm Funds, SBKK, T-Mobile, Deutsche Telekom, and listed companies included in Others. Regarding SVF1&2 and LatAm Funds, only SBG's interest is included. The sum of (i) the portion of SBG's equity value of holdings (net of asset-backed finance) as of Jun 30, 2023 represented by listed shares plus (ii) the value of SBG's interest in Arm as of Jun 30, 2023, calculated as described herein and net of asset-backed finance, in light of the previously announced preparations for the listing of Arm is 58%. Although Arm has already announced the commencement of preparations for the listing of its shares, the timing of the listing and the value of Arm and SBG's stake in Arm post-listing have not yet been determined, and this presentation is not intended to make any guarantee or implication with respect to these matters. Investments held by SVF1, SVF2, and LatAm Funds as of June 30, 2023: 76 investments from SVF1, 272 investments from SVF2, and 90 investments from LatAm Funds. For details, see "SVF1 Portfolio", "SVF2 Portfolio", and "LatAm Funds Portfolio" in "Data Sheet for the First Quarter Ended June 30, 2023", respectively. Finance 9#38Portfolio Diversification The proportion of China decreased significantly; leading to greater geographical diversification of assets % by regions of assets held 31% 11% 9% 20% 4% 25% 15% 18% 12% 27% 5% 24% 10% Mar 2023 17% 13% 32% 5% 23% Mar 2022 (Note) Classification of regions based on the location of each portfolio company's headquarters China: Alibaba, investments in China from SVF1 and SVF2, and other investments in China Japan: SoftBank, investments in Japan from SVF1 and SVF2, and other investments in Japan APAC (excluding Japan and China): Investments in APAC excluding Japan and China from SVF1 and SVF2, and other investments in the region EMEA: Arm, Deutsche Telekom, investments in EMEA from SVF1 and SVF2, and other investments in EMEA Latin America: Investments from LatAm Funds and other investments in Latin America North America: T-Mobile, investments in North America from SVF1 and SVF2, and other investments in North America Jun 2023 =SoftBank EMEA China Japan APAC (excluding Japan and China) excl. asset-backed finance Group Latin America North America Finance 10#39Cash Position Maintain ample cash position, well over 2-year worth of bond redemptions Bond redemption schedule Cash position ¥5.8T*¹ 702.6 5,141.6 Jun 2023 Undrawn commitment line *2 ^ Bond redemptions for the next 2 years (¥2.0T) 1,155.3 Jul 2023 - Jun 2024 After 1 year 824.8 Jul 2024 - Jun 2025 After 2 years 861.7 SoftBank Jul 2025 - Jun 2026 After 3 years 664.3 Group (\ B) Jul 2026 - Jun 2027 After 4 years *1 Cash and cash equivalents + short term investments recorded as current assets + undrawn commitment line. SBG stand-alone basis (excl. SB Northstar; however, incl. its cash and cash equivalents). *2 The total size of commitment line is equivalent to ¥702.6B as of Jun 30, 2023, none of which is drawn. Finance 11#40=SoftBank Status of Cash Deposit Surplus funds continue to be deposited across several high-credit banks and mainly managed in USD Breakdown of cash position*¹ Subsidiaries*2 JPY USD 5.1 0.6 0.9 3.6 (¥ T) Major deposit banks Mizuho SMBC MUFG Bank SMTB CACIB BNP Paribas Barclays and others 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% Average interest rates*3 for SBG USD deposits, etc. 1.4% 2.9% 4.5% 4.9% 5.2% Return US 2-year 4.9% treasury yield 3.8% Group FY2023 Q1 FY2022 Q1 FY2022 Q2 FY2022 Q3 FY2022 Q4 FY2023 Q1 *1 Cash position = cash and cash equivalents + short-term investments recorded as current assets (such as investments from asset management subsidiaries). SBG stand-alone basis (excl. SB Northstar; however, incl. its cash and cash equivalents). *2 Incl. SB Northstar's cash and cash equivalents. *3 Quarter-end weighted average of interest rates from each bank. US 10-year treasury yield Finance 12#41Breakdown by Currency Investments and monetization, debt financing and repayments are in principle made in the same currency. Investments and monetization Cash position : ¥5.1T*1 Equity value of holdings : ¥16.9T*3 Subsidiaries*2 EUR JPY JPY 71% USD 84% USD Excl. asset- backed finance SoftBank EUR Debt composition Debt*4: ¥6.6T USD 15% 72% Group JPY (Note) As of Jun 30, 2023. Converted to JPY at 1$=¥144.99 and 1€ =¥157.60. *1 Cash position = Cash and cash equivalents + short-term investments included in Current assets (investments from asset management subsidiaries, etc.). SBG stand-alone basis (excl. SB Northstar; however, incl. its cash and cash equivalents). *2 Incl. SB Northstar's cash and cash equivalents. *3 SBG stand-alone equity value of holdings. See Appendix "LTV Calculation: SBG Stand-alone Equity Value of Holdings" for details. *4 SBG stand-alone interest-bearing debt (excl. interest-bearing debt of subsidiaries) as of June 30,2023. Finance 13#42Impact of Forex (FY2023 Q1) Weaker JPY increased NAV and equity FX losses are recorded mainly related to foreign currency-denominated borrowings from group companies On NAV +¥1.3T SoftBank On accounting Equity +¥1.3T Consolidated net income -¥0.5T Group Finance 14#43Debt Fixed/Floating Ratio No risk of surge in interest payments amid short-term interest rate rise Fixed/Floating Ratio of SBG Stand-Alone Interest-Bearing Debt*1 Floating rate; USD $0.1B interest payment increase with a 1% rise in USD interest rate, which will be offset by higher interest income on USD deposits 14% 10% SoftBank Fixed rate 76% *1 Interest-bearing debt outstanding at SBG and subsidiaries conducting fund procurement as of Jun 30, 2023 (incl. margin loans and excl. prepaid forward contracts). *2 Includes commercial papers. *3 Estimated increase in interest payment for JPY-denominated floating rate debt for 12 months. Group Floating rate; JPY*2 ¥8.8B interest payment increase with a 1% rise in JPY interest rate*3 Finance 15#44● ● =SoftBank Bond Redemption Schedule Bond issuances will be managed with due consideration for cash position and market environment 1,553.4 ● (¥ B) Refinance completed (FY2023 Q1) 705.3 290.0 Redeemed -15.4- 399.9 702.1 252.1 450.0 999.4 322.4 177.0 500.0 1,099.3 166.4 405.0 527.9 465.0 253.7 211.2 302.3 222.0 1,029.1 538.9 153.9 385.0 Domestic senior bonds Domestic subordinated bonds Domestic hybrid bonds Foreign currency-denominated senior notes Foreign currency-denominated hybrid notes Secondary Repurchase (FY2023 Q1) Total approx. ¥34.7B equiv.*1 194.4 FY2023 FY2024 FY2025 FY2026 FY2027 FY2028 FY2029 *1 Converted to JPY by using average exchange rate of FY2023 Q1. Currency breakdown is ¥23.0B in domestic, €43M in EUR (¥6.4B equiv.), and $38M in USD (¥5.3B equiv.). Outstanding balance as of Jun 30, 2023. Excl. bonds repurchased. Prepared on the assumption that hybrid bonds will be redeemed on the first call dates. For foreign-currency notes, the contracted swap foreign exchange rate is used where applicable. Converted at 1$=¥144.99 and 1€ =¥157.60 elsewhere. 66.9 66.9 FY2030 FY2031 FY2032 FY2033 194.4 Group Finance 16#45Funding and Fund Management Plans in FY2023 Funding: Procurement mainly for refinancing Surplus fund management: Propelling diversification Funding Bonds Loans Asset-backed finance Surplus Fund Management SoftBank The focus is on refinancing. No plans for active fundraising at this moment Domestic: Approx. ¥400.0B of domestic senior retail bonds to be redeemed in Mar 2024 International: Completed refinancing of hybrid bonds. No plans at this moment Annual renewal of commitment lines planned in FY2023 Q2. Group Continue to consider diversification of fundraising utilizing ample net-asset Mainly managed in USD deposits at this moment Deposited across several high-credit financial institutions Continue to work on diversifying surplus fund management Finance 17#46LTV Management Policy Continue LTV management with a comfortable buffer, even after resuming investments 25% 15.2% LTV average of the past four years 0% Jun Sep Dec Mar 2021 2021 2021 2022 2022 Jun Sep 2022 = SoftBank To an appropriate level of leverage 8.0% (All-time low) Jun Dec Mar 2022 2023 2023 Group Finance 18#47SB SBG Stand-alone Interest-bearing Debt*1 =SoftBank Slight increase in SBG stand-alone interest-bearing debt due to procurement of hybrid instruments for refinancing (\ B) Northstar 15,842.9 8,784.1 4.2 7,054.5 12,065.7 5,400.5 6,665.2 11,250.0 4,901.0 6,349.0 12,691.7 6,329.0 6,362.7 14,083.3 7,442.8 6,640.5 Non- recourse to SBG Main changes from Mar 2023 • Issuance of hybrid bonds and borrowing of hybrid loans +¥275.1B*2 Entry into prepaid forward contracts +$4.4B (Alibaba) Breakdown (Jun 30, 2023) SBG borrowings Bank loan Hybrid loan Others Subtotal SBG bonds and CPs Domestic senior bonds Domestic subordinated bonds Domestic hybrid bonds Foreign currency bonds CPS Subtotal SBG lease liabilities Subsidiaries' debt Financial liabilities relating to prepaid forward contracts Collar transactions using DT shares Margin loan using SBKK shares Asset-backed finance using Arm shares Others Subtotal 294.2 134.8 0 429.0 2,252.8 1,017.4 807.1 1,873.1 189.0 6,139.3 10.4 I 5,238.21 481.51 497.8! 1,225.3₁ 61.7 Group (\B) vs. Mar 31 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 7,504.5 Total 14,083.3 *1 Includes only interest-bearing debt and lease liabilities to third parties. *2 Both are recorded in their entirety as SBG stand-alone interest-bearing debt. 50% is deducted from interest-bearing debt when calculating the adjusted SBG stand-alone net interest- bearing debt as an adjustment for hybrid finance. See Appendix "LTV Calculation: Details of SBG Stand-alone Net Debt" for details. -3.9 +51.1 +47.2 -20.6 -20.2 +218.2 +20.0 +28.0 +225.3 -0.3 +974.6 +40.2 +0.3 +98.7 +5.6 +1,119.4 +1,391.6 Finance 19#48SBG Stand-alone Cash Position Ample cash position exceeding ¥5T (\B) Cash position of SB Northstar 3,944.8 127.1 3,817.6 3,637.4 76.6 = 3,560.8 3,173.4 35.6 3,137.8 4,528.4 41.9 4,486.5 5,171.3 29.6 5,141.6* Investments from SB Northstar, etc. Main changes from March 2023 Increase • New Alibaba prepaid forward contracts +$4.4B •Issuance of hybrid bonds and borrowing of hybrid loans +¥275.1B •Sale of SB Energy (85% of ownership) +¥102.0B SoftBank •Tax, etc. -¥289.6B Decrease Group •Investments at SVF2/LatAm, SBG, etc. -$1.8B •Bond buyback and redemptions at maturity -¥153.0B equiv. Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 (Note) Cash position cash and cash equivalents + short-term investments recorded as current assets (such as investments from asset management subsidiaries). SBG stand-alone basis Finance 20 * Incl. cash and cash equivalents of SB Northstar from Jun 30, 2023 (¥248.3B)#49SBG Stand-alone Net Interest-bearing Debt Adjusted net debt significantly decreased to a low of ¥1.4T (\ B) 12,021.0 8,871.8 3,149.2 8,504.9 5,549.1 2,955.7 8,112.2 5,030.2 3,082.0 8,205.2 6,458.2 1,746.9 8,941.6 7,588.6 1,353.0 SoftBank Jun 2023 Finance-related adjustments Asset-backed finance, etc. ¥7,442.8B Hybrid finance ¥145.9B*1 Adjusted SBG stand-alone net debt (used for LTV calculation) Jun 2022 Sep 2022 Dec 2022 Mar 2023 (Note) •SBG stand-alone cash position excl. SB Northstar; however, incl. its cash and cash equivalents. 1 Hybrid bonds for which early redemption has been notified are recorded in their entirety as interest-bearing debt. (USD Perpetual Hybrid NC6 Notes (redemption date: July 19, 2023) and 2nd domestic hybrid bonds (redemption date: September 16, 2023)). See Appendix "LTV Calculation: Details of SBG Stand-alone Net Debt" for details. Group Finance 21#50Historical SBG Credit Rating Acquisition of A+ Japan Telekom A A- BBB+ BBB BBB- BB+ BB BB- B+ J I (CY) (Note) As of Aug 8, 2023 Acquisition of Vodafone KK 1 Acquisition of Sprint Acquisition Of Arm I I I I 1 I Listing of SBKK '03 ¹04 ¹05 ¹06 ¹07 ¹08 ¹09 ¹10 ¹11 ¹12 ¹13 ¹14 ¹15 ¹16 ¹17 ¹18 ¹19 ¹20 ¹21 ¹22 ¹23 S&P Downgrade (May 2023) SoftBank JCR (A-) Outlook Stable (since Jan 2023) S&P (BB) Outlook Stable (since May 2023) Group Finance 22#51Communication with Rating Agencies (JCR and S&P) Our management team continues close dialogue with rating agencies Rating agencies' concerns Proportion of listed assets not recovering LTV deteriorating with a significant decline in portfolio value Liquidity worsens as investment grow rapidly amid delays in recovering money from the funds Further deterioration in overall investment environment ● ● =SoftBank Our current status Expected to recover significantly when Arm's proposed initial public offering is completed*1 Group The lower % of listed shares is mainly due to monetization. Proceeds are preserved as cash deposits, the most liquid asset Significant improvement in LTV to 8.0% through defensive financial management Controlling investment pace even after resuming investments Secured cash position of approx. ¥6T Performance of listed shares recovering YTD The fund business shows signs of bottoming out *1 The size and price range for the proposed offering have yet to be determined. The initial public offering is subject to market and other conditions and the completion of the SEC's review process. For details of Arm IPO plans, see SBG's press release "Confidential Submission of Draft Registration Statement on Form F-1 by Arm Limited" dated on May 1, 2023 (https://group.softbank/en/news/press/20230501). Finance 23#52SBG Credit Spread Tightening trend even after S&P's credit downgrade Spread of SBG foreign currency- denominated senior notes 700 600 500 400 300 200 100 bps AM -USD 1.4Y -USD 4.9Y EUR 0.9Y -EUR 5.9Y Th -USD 2.9Y -USD 7.9Y -EUR 3.4Y -EUR 8.9Y S&P Downgrade 500 450 400 350 300 250 200 150 100 50 bps SBG 5-year CDS S&P Downgrade SoftBank -SBG 5Y CDS (JPY) Group 0 0 Jan 2023 Jul 2023 Mar 2023 May 2023 Jan 2023 Mar 2023 May 2023 Jul 2023 (Note) As of Aug 7, 2023. Created by SBG based on Z-Spread from Bloomberg for the senior foreign currency-denominated bonds issued in Jul 2021, and spread from Capital IQ for CDS. Finance 24#53FY2023 Financial Strategy Adhering to financial policy SoftBank Financial management adaptable to both Defense and Offense Group Finance 25#54Adherence to Financial Policy 1 2 3 =SoftBank Maintain LTV below 25% in normal times (upper threshold of 35% even in times of emergency) Group Maintain at least 2-year worth of bond redemptions in cash Secure recurring distributions and dividend income from SVF and other subsidiaries Finance 26#55Respond to Both Defense and Offense Defense against further downside =SoftBank Invest in the Information Revolution, while maintaining financial stability Maintain LTV below 25% in normal times (LTV = 8.0% as of Jun 30, 2023) Maintain at least 2-year worth of bond redemptions in cash (Cash position = ¥5.8T as of Jun 30, 2023) Group Finance 27#56Capital Allocation STOCK AGREEMENT New 20. by and bewe investments THIS AGREEMENT is PURCHASE NESS to this (hereinafter - referred to as day of corporation, which Corporat WHEREAS, the Seller is the record outstanding shares of the capital stock of as the "Corporation"), a capital stock of shares of S par value common stock/ WHEREAS, the Purchaser desires to purchase said stock and the Se to sell said stock, upon the terms and subject to the conditions here JE stion of the mutual covenants in order to consu res UNDERVALUED Sho wnership Market EQUITY F retuba CONTROL Capital Financial policy (Financial stability) SoftBank Endeavor to strike a balance Group *The level of NAV discount is also considered Finance 28#57SBG Income Taxes Paid on a Consolidated Basis (Net) Consolidated Japan SBG and intermediate holding companies (wholly owned subsidiaries) Operating companies (mainly SoftBank Corp. and Yahoo Japan Corporation) Overseas FY2018 415.4 284.3 36.8 247.5 131.1 FY2019 636.3 575.2 324.7 250.5 61.1 FY2020 445.5 310.5 35.7 274.8 135.0 FY2021 589.3 551.2 200.0 351.2 38.1 FY2022 525.9 469.7 214.2 255.5 56.2 = SoftBank (\ B) Total of 5 fiscal years 2,612.4 2,190.9 811.4 Group 1,379.5 421.5 (Note) The amounts are the net amount of tax payments and tax refunds. Income taxes paid on a consolidated basis matches the net amount of "income taxes paid" and "income taxes refunded" in the consolidated statement of cash flows. ¥83.9B of income taxes refunded for FY2018, and ¥121.1B of income taxes refunded for FY2020 were netted out with income taxes paid for the previous fiscal years as these income taxes refunded were returned from the income taxes paid for the previous fiscal years. Cash tax of ¥229.2B paid by SBG in FY2023Q1 based on FY2022 taxable income is not included in FY2022 income taxes paid in the table above. Finance 29#58(Ref.) Top 10 Consolidated Corporate Income Tax Payments (FY2018-2022) 1 2 3 4 LO 5 6 7 8 9 10 TOYOTA MOTOR NTT SoftBank Group INPEX KDDI Company Sumitomo Mitsui Financial Group Honda Motor Mitsubishi UFJ Financial Group JAPAN POST HOLDINGS Sony Group FY2018 836.6 613.4 415.4 388.1 288.7 283.8 263.6 302.0 367.2 210.5 FY2019 777.5 488.3 636.3 443.9 304.0 285.8 230.5 128.1 221.5 216.9 FY2020 810.1 524.3 445.5 218.1 331.4 135.7 206.3 124.7 168.6 119.1 FY2021 809.8 434.3 589.3 352.7 367.1 268.7 203.1 220.1 274.8 269.9 =SoftBank Group (\B) Total of 5 fiscal years 4,531.2 2,798.7 2,612.4 2,308.8 1,580.7 1,358.4 1,304.8 FY2022 1,297.2 738.4 525.9 906.0 289.5 384.4 401.3 477.5 124.6 297.9 1,252.5 1,156.8 1,114.3 (Note) Source: S&P Global Capital IQ Criteria: (1) Listed companies in Japan, (2) Numbers based on income taxes paid and income taxes refunded from consolidated statements of cash flows, (3) Top 10 companies in terms of total income taxes paid for FY2018 to FY2022. SoftBank Group: ¥83.9B in FY2018 and ¥121.1B in FY2020 of income taxes refunded were netted out with income taxes paid for the previous fiscal years as these income taxes refunded were returned from the income taxes paid for the previous fiscal years. Finance 30#59Appendix#60Calculation of Equity Value of Holdings as of Jun 30, 2023 $1 = ¥144.99 (¥T) ¥16.9T (adjusted) Deutsche Telekom 0.2 ¥23.8T (unadjusted) Prepaid Forward Contracts, etc 5.2 Margin Loans, etc. 1.7 SBKK 2.4 SVF1 3.0 SVF2 4.0 LatAm Funds 0.9 T-Mobile 1.2 Arm 3.7 Others 1.4 Jun 2023 Equity value of holdings Equity value of holdings (adjusted) (unadjusted) •¥0.02T- ¥2.4T ¥3.0T = ¥4.0T ¥0.9T = ¥1.2T = •¥0.2T = = ¥4.3T ¥3.0T ¥3.0T ¥4.0T ¥0.9T ¥1.6T ¥0.7T 355M shares held*1 ¥4.9T 1,915M shares held X Equivalent asset value of each fund X 225M shares held Fair value Share price $83.35*1 Share price ¥1,540 Performance fees accrued, etc. X X 43M Share price Contingent shares held *2* $138.90 + consider- ration *3 SBG's interest Share price €19.976 SBG's interest =SoftBank Adjustment for asset-backed finance Prepaid forward contracts, etc. ¥4.3T Margin loans, etc. ¥0.6T d' w '▬ ▬ ▬ min Collar contracts ¥0.4T BO▬▬▬▬▬▬▬ Collar transactions ¥0.5T Asset-backed finance ¥3.7T = (Note) See Appendix "LTV Calculation: SBG Stand-alone Equity Value of Holdings" and "LTV Calculation: SBG Stand-alone Net Debt" for details of each calculation. *1 The number of Alibaba ADSS equivalent to the number of shares held by SBG and the ADS price *2 Includes the number of shares subject to call options held by Deutsche Telekom *3 Fair value of the right of SBG and its subsidiary to acquire T-Mobile shares under certain conditions Group ¥1.2T Finance 32#61LTV Calculation: SBG Stand-alone Equity Value of Holdings (¥ T) (L) Adjusted SBG stand-alone net debt (V) Adjusted SBG stand-alone equity value of holdings*1 Adjusted SBG stand-alone equity value of holdings 16.90 Major assets 7.50 Alibaba +4.29 SBKK +2.95 Asset-backed finance -4.27 Asset-backed finance -0.56 Alibaba (adjusted) +0.02 SBKK (adjusted) +2.39 +4.88 Deutsche Telekom +0.71 Arm Asset-backed finance -0.48 Asset-backed finance -1.23 Deutsche Telekom (adjusted) +0.23 Arm (adjusted) +3.66 + ¥1.35T ¥16.90T SBG's interest in SVF1&2 & LatAm Funds 7.98 =8.0% T-Mobile +1.62 Asset-backed finance -0.41 T-Mobile (adjusted) +1.20 + SVF1 SVF2 LatAm Funds +3.03 +4.04 +0.91 SoftBank Other Investments in listed stocks, etc. 1.42 (Note) As of Jun 30, 2023 *1 See Appendix "LTV Calculation: Details of SBG Stand-alone Equity Value of Holdings" for details of adjusted SBG stand-alone equity value of holdings for each asset. Group Finance 33#62LTV Calculation: Details of SBG Stand-alone Equity Value of Holdings (1/2) Assets (a) Alibaba Before adjustment Adjustment for asset-backed finance (b) SBKK Before adjustment Adjustment for asset-backed finance (c) SVF1 (d) SVF2 (e) LatAm Funds (f) Arm Before adjustment Adjustment for asset-backed finance (Note) As of Jun 30, 2023 =SoftBank Value Calculation method 0.02 4.29 Multiplying the number of Alibaba ADSS equivalent to the number of shares held by SBG by the ADS price 2.39 2.95 -0.56 3.03 4.04 0.91 3.66 4.88 -1.23 Group (\T) Sum of the outstanding maturity settlement amounts (calculated by using the company's -4.27 share price (ADS price) as of Jun 30, 2023) of the prepaid forward contracts (floor contracts, collar contracts, forward contracts, and call spread) using Alibaba shares (¥4,265.2B) Multiplying the number of SBKK shares held by SBG by the share price Equivalent amount of outstanding debt for margin loans using SBKK shares, etc. (¥560.9B) SBG's share of the equivalent value of assets held by SVF1+ performance fees accrued, etc. SBG's share of the equivalent value of assets held by SVF2, etc. SBG's share of the equivalent value of assets held by LatAm Funds + performance fees accrued The fair value of Arm shares held by SBG, which is calculated based on the fair value of all shares of Arm calculated at SVF1 (SBG's interest in outstanding shares before dilution: 75.01%) Equivalent amount of outstanding debt for the borrowings made through asset-backed finance using Arm shares held by SBG (¥1,225.3B) Finance 34#63LTV Calculation: Details of SBG Stand-alone Equity Value of Holdings (2/2) Assets (g) T-Mobile Before adjustment Adjustment for asset-backed finance (h) Deutsche Telekom Before adjustment Adjustment for asset-backed finance (i) Others Adjusted SBG stand-alone equity value of holdings (Note) As of Jun 30, 2023 Value Calculation method 1.20 1.62 -0.41 0.23 0.71 -0.48 1.42 =SoftBank summing - Value of SBG's shareholding (incl. the number of shares subject to call options held by Deutsche Telekom (DT): 34,971,809 shares as of Jun 30, 2023) × the share price - Fair value of SBG's right to acquire 48,751,557 T-Mobile shares for no additional consideration under certain conditions Group 16.90 Sum of (a) through (i) on Finance pages 34 and 35 (¥ T) minus - Balance of derivative financial liabilities related to unexercised call options held by DT - Maturity settlement amount of the prepaid forward contracts (collar contracts) using T-Mobile shares (calculated by using the company's share price) (¥414.9B) Number of DT shares held by SBG x the share price Deducting maturity settlement amounts of collar transactions using DT shares executed in Oct 2021 (¥479.4B) Listed shares: multiplying the number of shares held by SBG by each share price Unlisted shares: fair value (the carrying amount in SBG's balance sheet for those not measured at FVs) of shares, etc. held by SBG SB Northstar: SBG's share of SB Northstar's NAV plus the value of NVIDIA Corporation shares held by SBG multiplied by its share price •SB Northstar's cash and cash equivalents and interest-bearing debt, other than margin loans and prime brokerage loans, are treated as net interest-bearing debt of SBG and not included in the calculation of SB Northstar's NAV. There is no balance of margin loans and prime brokerage loans of SB Northstar as of June 30, 2023. Finance 35#64LTV Calculation: SBG Stand-alone Net Debt (T) (L) Adjusted SBG stand-alone net debt*1 (V) Adjusted SBG stand-alone equity value of holdings Adjusted SBG stand-alone net debt 1.35 SBKK +4.71 Arm -0.27 SVF1 +0.55 SVF2 +0.76 Consolidated net debt 14.70 LatAm Funds -0.00 Other +0.01 ¥1.35T ¥16.90T = 8.0% Net debt at self- financing entities 5.76 =SoftBank Other adjustments 7.59 Adjustments for hybrid finance *2 +0.15 Adjustments for asset-backed finance *2 +7.44 (Note) As of Jun 30, 2023 *1 The presented net debt only includes debts to third parties. The presented net interest-bearing debt excludes the amount calculated as deposits for banking business less cash position at PayPay Bank. *2 See Appendix "LTV Calculation: Details of SBG Stand-alone Net Debt" for details. Group Finance 36#65LTV Calculation: Details of SBG Stand-alone Net Debt SBG stand-alone net debt (before adjustment) Adjustment for hybrid finance Adjustments for asset- backed finance Alibaba shares Arm shares T-Mobile shares Deutsche Telekom shares SBKK shares Adjusted SBG stand-alone net debt 8.94 -7.44 -4.76 -1.23 -0.41 Consolidated net interest-bearing debt, net of interest-bearing debt at self-financing entities*¹ For hybrid bonds and hybrid loans with maturity dates, deduct 50% from interest-bearing debt; as the entire amount is recorded as interest-bearing debt in the consolidated financial statements. As for perpetual bonds, add 50% to interest-bearing debt; as the entire amount is recorded as -0.15 equity in the consolidated financial statements. Hybrid bonds for which early redemption has been notified are recorded in their entirety as interest-bearing debt. (USD Perpetual Hybrid NC6 Notes (early redemption date: July 19, 2023) and 2nd domestic hybrid bonds (early redemption date: September 16, 2023)). -0.48 -0.56 1.35 SoftBank Financial liabilities relating to prepaid forward contracts (floor contracts, collar contracts, and forward contracts) using Alibaba shares (¥4,764.7B) Amount equivalent to the outstanding debt balance of the borrowings made through asset- backed finance using Arm shares (¥1,225.3B) Group (\T) Financial liabilities relating to prepaid forward contracts (collar contracts) using T-Mobile shares (¥409.8B) (Note) As of Jun 30, 2023 *1 SB Northstar's cash and cash equivalents and interest-bearing debt, other than margin loans and prime brokerage loans, are treated as SBG stand-alone net interest-bearing debt. There is no balance of margin loans and prime brokerage loans of SB Northstar as of June 30, 2023. Financial liabilities recorded as borrowings relating to collar transactions using Deutsche Telekom shares executed in Oct 2021 (¥481.5B) Equivalent amount of debt outstanding for margin loans using SBKK shares, etc. (¥561.5B) Finance 37#66Adjustment for Asset-backed Finance in LTV and NAV Calculation Non-recourse asset-backed finance is deducted from debt. Value of assets required for settlement is deducted from assets Main shares used Nature Amounts deducted from debt Amounts deducted from assets If share price falls Alibaba ● Funding through variable prepaid forward contracts (non-recourse to SBG) ● ● 1 ● Collar/Forward/Put transactions ● *1 Carrying amount on BS Fixed regardless of the share price Estimated settlement amount at maturity based on the quarter-end share price Fluctuates depending on the share price Settlement amount decreases if the share price falls below the floor price Neither additional collateral or prepayment are required SBKK, Arm Funding by pledging shares as collateral (non-recourse to SBG) ● ● 2 Margin loan, etc. ● Equivalent to the value of assets required for repayment (amount of debts recorded on BS) ● Carrying amount on BS Fixed regardless of the share price Additional collateral and/or prepayment is required if the share price falls below a certain level Total repayment amount is fixed (Note) As of Jun 30, 2023 *1 Contracts to buy or sell shares at a pre-agreed price (forward) or a price range (collar/put) at maturity (2 23.8 5.2 1.7 16.9 Asset-backed finance ¥6.9T Equity value of holdings 2 =SoftBank Used for LTV and NAV calculation 8.9 5.7 1.7 1.4 Net debt Group (\ T) Asset-backed finance ¥7.4T Hybrid finance ¥0.1T Finance 38#67(Ref.) Forward Transaction / Collar Transaction Objective Outline Forward transaction Collar transaction ● ● Non-recourse financing using derivatives =SoftBank Transaction where parties agree to settle at a pre-specified price or price range at a specific date in the future Finance through pledged shares and derivatives referencing them Settlement at maturity is available in cash or in kind, in principle Settlement amount at maturity decreases when share price falls and increases when share price rises Settlement of pledged shares at a pre-agreed forward price Settlement price is fixed regardless of a change in the pledged share price. No upside can be enjoyed from the future share price appreciation Settlement of pledged shares at a pre-agreed price range Settlement is available at a floor price if the share price falls. Upside from the share price appreciation is limited to the cap price Group Finance 39#68Consolidated Interest-bearing Debt/ Cash Position/ Net Interest-bearing Debt Consolidated Interest-bearing Debt*1 SBG stand-alone Incl. SB Northstar SVF1&2 and LatAm Funds SoftBank Segment Others (Arm, etc.) Total Cosolidated Cash Position*2 SBG stand-alone Incl. SB Northstar SVF1&2 and LatAm Funds SoftBank Segment Others (Arm, etc.) Total Consolidated Net Interest-bearing Debt*³ SBG stand-alone Incl. SB Northstar SVF1&2 and LatAm Funds SoftBank Segment Others (Arm, etc.) Total Jun 2022 Jun 2022 Jun 2022 15,842.9 4.2 1,413.4 6,220.2 374.4 23,850.9 3,944.8 127.1 73.3 1,248.8 667.1 5,934.1 11,898.1 -122.9 340.1 4,971.3 -292.7 17,916.8 Sep 2022 Sep 2022 Sep 2022 12,065.7 1,481.1 6,135.0 178.2 19,860.0 3,637.4 76.6 50.2 1,392.5 647.8 5,727.9 8,428.3 -76.6 1,431.0 4,742.5 -469.6 14,132.1 Dec 2022 Dec 2022 Dec 2022 11,250.0 1,319.9 6,209.6 165.2 18,944.8 3,173.4 35.6 102.6 1,825.4 366.1 5,467.5 8,076.6 -35.6 1,217.4 4,384.2 -200.9 13,477.3 Mar 2023 Mar 2023 Mar 2023 12,691.7 1,322.7 6,134.7 166.1 20,315.2 4,528.4 41.9 112.0 1,702.2 383.0 6,725.5 8,163.3 -41.9 1,210.7 4,432.5 -216.8 13,589.7 =SoftBank Jun 2023 Jun 2023 Jun 2023 Group (\B) 14,083.3 1,419.9 6,240.6 164.6 21,908.5 (\ B) 5,171.3 29.6 112.9 1,534.8 388.8 7,207.7 (\B) 8,912.0 -29.6 1,307.0 4,705.8 -224.1 14,700.7 *1 The presented interest-bearing debt only includes interest-bearing debt and lease liabilities to third parties, and excludes deposits for banking business at PayPay Bank. *2 The presented cash position is the sum of cash and cash equivalents and short-term investments recorded as current assets, and excludes cash position at PayPay Bank. From June 30, 2023, incl. SB Northstar's cash and cash equivalents in SBG stand-alone cash position. *3 The presented net interest-bearing debt excludes the amount calculated as deposits for banking business less cash position at PayPay Bank. Negative figures indicate net cash. Finance 40#69QUARTER ENDED JUNE 30, 2023 Investor Briefing SoftBank Vision & LatAm Funds NAVNEET GOVIL CFO, SB Investment Advisers & CFO, Member of the Executive Committee, SB Global Advisers ➡SoftBank Investment Advisers#70Important Information (1 of 2) This presentation (this "Presentation") is furnished to you for informational purposes in connection with the interests of SoftBank Group Corp. (together with its affiliates, "SoftBank") in SoftBank Vision Fund L.P. (together with, as the context may require, any parallel fund, feeder fund, co-investment vehicle or alternative investment vehicle, the "Vision Fund I" or "SVF I") or SoftBank Latin America Fund GP Ltd and SBLA Holdings II DE LLC (together with, as the context may require, any parallel funds, feeder funds, co-investment vehicles or alternative investment vehicles, the "LatAm Funds") and is not, and may not be relied on in any manner as, legal, tax, investment, accounting or other advice or as an offer to sell or a solicitation of an offer to buy limited partnership or comparable limited liability equity interests in the Vision Fund I or any other fund, managed by SB Investment Advisers (UK) Ltd. (the "Manager" or "SBIA"), or SoftBank Vision Fund II-2 L.P. (together with, as the context may require, any parallel fund, feeder fund, co-investment vehicle or alternative investment vehicle, "SVF II" or the "Vision Fund II"), managed by SB Global Advisers Limited ("SBGA") and its affiliates thereof. This Presentation is not intended to be relied upon as the basis for any investment decision, and is not, and should not be assumed to be, complete. The contents of this Presentation are not to be construed as legal, business or tax advice. None of Vision Fund I, Vision Fund II, the LatAm Funds, any successor fund managed by the Manager, SBIA, SBGA, SoftBank or their respective affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein and nothing contained herein should be relied upon as a promise or representation as to past or future performance of Vision Fund I, Vision Fund II, the LatAm Funds, any successor fund managed by the Manager, SBGA or any other entity referenced in this Presentation. Recipients of this Presentation should make their own investigations and evaluations of the information contained in this Presentation and should note that such information may change materially. For the avoidance of doubt, the Vision Fund I is a prior fund managed by SBIA which is not being offered to investors. Information relating to the performance of the Vision Fund I or any other entity referenced in this Presentation has been included for background purposes only and should not be considered an indication of the future performance of the Vision Fund I, any other entity referenced in this Presentation or any future fund managed by SBIA. References to any specific investments of the Vision Fund I, to the extent included herein, are presented to illustrate the Manager's investment process and operating philosophy only and should not be construed as a recommendation of any particular investment or security. The investment performance of individual investments in the Vision Fund I may vary and the performance of the selected transactions is not necessarily indicative of the performance of all of the applicable prior investments. The specific investments identified and des bed herein do not represent all of the investments made by the Manager, and no assumption should be made that investments identified and discussed herein were or will be profitable. Statements contained in this Presentation (including those relating to current and future market conditions and trends in respect thereof) that are not historical facts are based on current expectations, estimates, projections, opinions and/or beliefs of the Manager. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. In addition, no representation or warranty is made with respect to the reasonableness of any estimates, forecasts, illustrations, prospects or returns, which should be regarded as illustrative only, or that any profits will be realized. Certain information contained herein constitutes "forward-looking statements," which can be identified by the use of terms such as "may", "will", "should", "expect", "project", "estimate", "intend", "continue", "target" or "believe" (or the negatives thereof) or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or actual performance of the Vision Fund I or any successor fund managed by the Manager (or any other entity referred to herein) may differ materially from those reflected or contemplated in such forward-looking statements. As a result, investors should not rely on such forward-looking statements in making their investment decisions. Further, the targets stated herein are based on an assumption that economic, market and other conditions will not deteriorate and, in some cases, improve. These projections involve significant elements of subjective judgment. No representation or warranty is made as to future performance or such forward-looking statements. None of the information contained herein has been filed with the U.S. Securities and Exchange Commission, any securities administrator under any securities laws of any U.S. or non-U.S. jurisdiction or any other U.S. or non-U.S. governmental or self-regulatory authority. No such governmental or self-regulatory authority will pass on the merits of the offering of interests in the Vision Fund I, or any successor fund managed by the Manager or the adequacy of the information contained herein. Any representation to the contrary is unlawful. Except where otherwise indicated herein, the information provided in this Presentation is based on matters as they exist as of the date of preparation of this Presentation and not as of any future date, and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date hereof. =SoftBank Investment Advisers#71Important Information (2 of 2) Vision Fund I performance herein is based on unrealized valuations of portfolio investments. Valuations of unrealized investments are based on assumptions and factors (including, for example, as of the date of the valuation, average multiples of comparable companies, and other considerations) that the Manager believes are reasonable under the circumstances relating to each particular investment. However, there can be no assurance that unrealized investments will be realized at the valuations indicated herein or used to calculate the returns contained herein, and transaction costs connected with such realizations remain unknown and, therefore, are not factored into such calculations. Estimates of unrealized value are subject to numerous variables that change over time. The actual realized returns on the Vision Fund I's unrealized investments will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions and circumstances on which the Manager's valuations are based. Vision Fund I performance is based in part on valuations of certain investments that were recently acquired by the Vision Fund I as a portfolio from SoftBank Group Corp; accordingly, the performance information herein, which is based in part on valuations of unrealized investments, is not indicative of future results. The selection of such investments, the timing of such acquisitions and the valuation and subsequent performance of those investments had a material and positive impact on the performance of the Vision Fund I. SoftBank Group Corp. is under no obligation to offer similar assets to the Vision Fund I in the future. 3 Past performance is not necessarily indicative of future results. The performance of the Vision Fund I or any future fund managed by the Manager may be materially lower than the performance information presented herein. There can be no assurance that the Vision Fund I, Vision Fund II or any successor fund managed by the Manager will achieve comparable results as those presented herein or that investors in the Vision Fund I, Vision Fund II or any successor fund managed by the Manager will not lose any or all of their invested capital. Certain information contained in this Presentation has been obtained from published and non-published sources prepared by other parties, which in certain cases has not been updated through the date hereof. While such information is believed to be reliable for the purposes of this Presentation, none of the Vision Fund I, Vision Fund II, any successor fund managed by the Manager, the Manager, SoftBank, or their respective affiliates assumes any responsibility for the accuracy or completeness of such information and such information has not been independently verified. Certain hypothetical illustrations set forth herein contain projections, targets, assumptions and expectations with respect to the performance of investments. These hypothetical returns, including the projections, targets, assumptions and expectations contained therein, have been prepared and are set out for illustrative purposes only, and do not constitute forecasts. They have been prepared based on the Manager's current view in relation to future events and various assumptions and estimations, including estimations and assumptions with respect to events that have not occurred, any of which may prove incorrect. Others may select other underlying assumptions or methodologies that would significantly affect the projected returns or performance information set forth herein, even materially. Third-party logos and vendor information included herein are provided for illustrative purposes only. Inclusion of such logos does not imply affiliation with or endorsement by such firms or businesses. There is no guarantee that the Manager, the Vision Fund I's portfolio companies, any future portfolio companies of a successor fund managed by the Manager or SoftBank will work with any of the firms or businesses whose logos are included herein in the future. ➡SoftBank Investment Advisers#72Topics 01- Progress & Highlights 02- Performance & Impact on SoftBank Group (SBG) 03- In Focus: Innovation in the Al Era =SoftBank Investment Advisers#73Progress & Highlights LO#74SVF1 PROGRESS & HIGHLIGHTS 20% Nuanced Market Rebound 15% 10% 5% SVF2 0% LATAM April MARKET PERFORMANCE DRIVEN BY SELECT NAMES Market Capit ation % Change - April to June 2023 ~90% of Nasdaq Gains Driven by Mega Cap Tech & Al Stocks¹ May ■ Mega Cap Tech & Al Stocks¹ June ■ Nasdaq 100² +15.1% +13.6% Footnotes: 1. Source: Capital IQ. Mega Cap Tech & Al Stocks index represents the percent change in the sum of the market capitalization of Nvidia, Meta, Tesla, Amazon, Google, Microsoft and Apple between April 1, 2023, and June 30, 2023. 2. Source: Capital IQ. NASDAQ 100 Index represents the percent change in the sum of the market capitalization of all stocks in the NASDAQ Composite Index between April 1, 2023, and June 30, 2023. مه livi Broadening Horizon of Al Applications Federal Reserve Rate Hike Cycle Ongoing Inflation Eases in the US, Varies Globally VC Capital Deployment Moderates The information is provided for illustrative purposes only. Certain information provided herein is provided by a third-party and SBIA makes no representation regarding its accuracy. The criteria for including securities in these indices are different than SBIA's criteria for choosing investments for Vision Fund 1, Vision Fund 2, or the LatAm Funds. Specifically, SVF1, SVF2, and the LatAm Funds do not invest in the securities comprising these indices. An investment in SVF1, SVF2, or the LatAm Funds generally will be subject to expenses, management fees, and carried interest charged or payable by SVF1, SVF2, or the LatAm Funds, none of which are reflected in these indices. For the foregoing and other reasons, the returns achieved by SVF1, SVF2, or the LatAm Funds and the returns of the indices should not be considered comparable. Past performance is not indicative of future results. CO 6 =SoftBank Investment Advisers#75SVF1 SVF2 LATAM PROGRESS & HIGHLIGHTS Performance Snapshot As of June 30, 2023 Total Commitment Acquisition Cost¹ Cumulative Gross Investment Gains/(Losses)¹ Total Fair Value² SoftBank Vision Fund 1 Distributions³ $98.6B $87.8B $14.2B $102.1B $45.9B SoftBank SoftBank Vision Fund 2 LatAm Funds $60.0B $51.5B $(19.2B) $32.2B $9.1B $7.6B $7.3B $(1.3B) $0.1B Footnotes: 1. Acquisition Cost and Cumulative Gross Investment Gains/(Losses) are cumulative from Fund Inception to June 30, 2023. Cumulative Gross Investment Gains/(Losses) are before tax and expenses and include Unrealized and Realized gains and losses from Investments and their related hedges and dividend income received. Cumulative Gross Investment Gains does not take into account fees or expenses and should not be construed as indicative of actual or future performance. Total figures may differ from the sum of parts due to rounding. The Total Value to Paid in Capital (TVPI) of SoftBank Vision Fund 1 is 1.12x. The TVPI is defined as Distributions plus Net Asset Value plus Accrued Preferred Equity Coupon (PEC) divided by Paid-in Capital. Distributions and Paid-in Capital are cumulative from Fund Inception to June 30, 2023. Net Asset Value plus Accrued PEC are as of June 30, 2023. Total Fair Value is the Acquisition Cost plus Cumulative Gross Investment Gains/(Losses) as of June 30, 2023. Total figures may differ from the sum of parts due to rounding. 2. 3. Distributions include proceeds from Investment Realizations, Financings, and Preferred Equity Coupon distributed to Limited Partners from Fund Inception to June 30, 2023. It includes the Return of Recallable Utilized Contributions and the Return of Non-Recallable Utilized Contributions but does not include the Return of Recallable Unutilized Contributions. Combined The information herein is presented solely for SoftBank Vision Fund 1, SoftBank Vision Fund 2 and SoftBank LatAm Funds. These highlights are provided solely for illustrative purposes and individual investors' results may vary. Past performance is not necessarily indicative of future results. Cumulative Gross Investment Gains/(Losses) and Total Fair Value include valuations of Unrealized Investments, do not take into account fees or expenses at the time of exit that would reduce the value of returns experienced by investors, and should not be construed as indicative of actual or future performance. Actual Realized amounts will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions on which the valuations reported herein are based. Accordingly, the actual Realized returns on Investments that are Unrealized may differ materially from the values indicated herein. $166.2B $6.0B $140.3B $146.6B $(6.3B) $55.1B ➡SoftBank Investment Advisers#76SVF1 SVF2 LATAM PROGRESS & HIGHLIGHTS Quarterly Performance As of June 30, 2023 + $0.8B COMBINED QUARTERLY FAIR VALUE PERFORMANCE¹ +$0.8B PERFORMANCE DRIVERS SVF1 - $0.3 B SVF2 Constructive Al exposure across the Vision & LatAm Funds, with large positions benefitting Broad & diverse portfolio demonstrating stabilization in valuations Sector-specific developments impacted select exposures - Proptech and US Autonomous Vehicles Footnotes: 1. Quarterly Fair Value Performance is the change in fair value of the SoftBank Vision Fund 1, SoftBank Vision Fund 2, and SoftBank LatAm Funds, together the "Combined Funds" between April 1, 2023, and June 30, 2023. The change in Quarterly Fair Value Performance is before tax and expenses and includes Unrealized and Realized gains and losses from Investments and their related hedges and dividend income received. Valuations reflect unrealized and partially realized estimated amounts and should not be construed as indicative of actual or future performance. Such values do not reflect fees and expenses that would reduce the value of returns experienced by Vision Fund investors. There is no guarantee that historical trends will continue throughout the life of Vision Fund 1, Vision Fund 2, or the LatAm Fund. It should not be assumed that investments made in the future will be comparable in quality or performance to investments described herein. References to specific investments should not be construed as a recommendation of any particular investment or security. There can be no assurance that unrealized and partially realized investments will be sold for values equal to or in excess of the total values used in calculating the returns portrayed herein. Actual returns on unrealized and partially realized investments will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions on which the valuations reported herein are based. Accordingly, the actual realized returns on investments that are partially realized or unrealized may differ materially from the values indicated herein. Past performance is not indicative of future results. + $0.3B LATAM doºdp 8 =SoftBank Investment Advisers#77SVF1 SVF2 LATAM PROGRESS & HIGHLIGHTS Fair Value By Fund As of June 30, 2023 SVF1 94 Total # of Investments¹ I $102.1B Total Fair Value² $37.5B $20.5B $44.2B PRIVATE PUBLIC EXITED SVF2 274 Total # of Investments¹ $32.2B Total Fair Value² 1. $24.2B $4.9B PRIVATE PUBLIC $3.1B EXITED Footnotes: 1. Total Number of Investments includes Investments in portfolio companies made by SoftBank Vision Fund 1, SoftBank Vision Fund 2, SoftBank LatAm Funds, and joint-ventures with existing portfolio companies from Funds inception to June 30, 2023. It does not include hedges related to the Investments. Total Investments includes both current and fully exited investments. 2. Total Fair Value is the Acquisition Cost plus the Cumulative Gross Investment Gains/(Losses) as of June 30, 2023. Total figures may differ from the sum of parts due to rounding. 105 Total # of Investments¹ $5.2B PRIVATE LATAM Valuations reflect unrealized and partially realized estimated amounts and should not be construed as indicative of actual or future performance. Such values do not reflect fees and expenses that would reduce the value of returns experienced by Vision Fund investors. There is no guarantee that historical trends will continue throughout the life of Vision Fund 1, Vision Fund 2, or the Latam Fund. It should not be assumed that investments made in the future will be comparable in quality or performance to investments described herein. References to specific investments should not be construed as a recommendation of any particular investment or security. There can be no assurance that unrealized and partially realized investments will be sold for values equal to or in excess of the total values used in calculating the returns portrayed herein. Actual returns on unrealized and partially realized investments will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions on which the valuations reported herein are based. Accordingly, the actual realized returns on investments that are partially realized or unrealized may differ materially from the values indicated herein. With respect to publicly-traded securities, the valuations presented herein are as of the measurement date and have likely moved either upwards or downwards since such measurement date. Past performance is not indicative of future results. $6.0B Total Fair Value² $0.6B $0.2B PUBLIC EXITED 9 ➡SoftBank Investment Advisers#78SVF1 SVF2 LATAM PROGRESS & HIGHLIGHTS Footnotes: Performance of Public Investments As of June 30, 2023 Public Investments By Fair Value¹ INVESTMENT4 coupang DiDi AutoStore Grab #! Full Truck Alli DOORDASH 商汤 sensatime symbotic RÕIVANT SCIENCES goto FAIR VALUE ($B) $7.4 $2.9 $2.9 $2.4 $1.2 $0.9 $0.9 $0.9 $0.8 $0.7 1. Investments listed in the table represent the top 20 largest public assets across SVF1, SVF2, and LatAm Funds by Unrealized Fair Value as of June 30, 2023. 2. Current Fair Value is the Total Public Investment Acquisition Cost plus the Cumulative Gross Investment Gains/(Losses) as of June 30, 2023. Excludes realized investments. QUARTERLY GAIN ($B) +$0.6 -$0.8 +$0.1 + $0.3 - $0.3 + $0.2 - $0.2 +$0.4 + $0.2 $26.0B CURRENT FAIR VALUE² INVESTMENT4 Paytm DELHIVERY Small World COMPASS VIR wework AUTO 1 GROUP RELAY THERAPEUTICS zomato inter policy bazaar com Other Public Investments FAIR VALUE ($B) $0.6 $0.5 $0.4 $0.4 $0.4 $0.4 $0.4 $0.3 $0.2 $0.2 $1.3 3. Quarterly Gain is the change in the Total Public Investment Fair Value between April 1, 2023, and June 30, 2023. 4. SVF1 investments: Coupang, DiDi, Grab, Doordash, Sensetime, Roivant, Goto, Paytm, Delhivery, Compass, Vir Biotechnology, Auto1 Group, Relay Therapeutics, Zomato and Policy Bazaar. SVF2 investments: Autostore and Symbotic. LatAm Funds investments: Banco Inter. WeWork and Full Truck Alliance are both SVF1 and SVF2 investments. +$0.7B QUARTERLY GAIN³ PUBLIC PORTFOLIO The information herein is presented solely for SoftBank Vision Fund 1, SoftBank Vision Fund 2 and SoftBank LatAm Funds. These highlights are provided solely for illustrative purposes and individual investors' results may vary. Past performance is not necessarily indicative of future results. Gross Investment Gains/(Losses) and Fair Value include valuations of Unrealized Investments, do not take into account fees or expenses at the time of exit that would reduce the value of returns experienced by investors, and should not be construed as indicative of actual or future performance. Actual Realized amounts will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions on which the valuations reported herein are based. Accordingly, the actual Realized returns on Investments that are Unrealized may differ materially from the values indicated herein. Select investments presented herein are solely for illustrative purposes, have been selected in order to provide examples of the types of investments made by SBIA and do not purport to be a complete list of Vision Fund I investments. References to investments included herein should not be construed as a recommendation of any particular investment or security. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein. With respect to publicly-traded securities, the valuations presented herein are as of the measurement date and have likely moved either upwards or downwards since such measurement date. QUARTERLY GAIN ($B) + $0.2 + $0.1 -$0.4 +$0.1 -$0.1 + $0.1 + $0.1 + $0.2 10 SoftBank Investment Advisers#79SVF1 SVF2 PROGRESS & HIGHLIGHTS FV BY SECTOR ¹ LATAM Performance of Private Investments by Sector Private Investments by Sector | As of June 30, 2023 QUARTERLY FV GAIN/ (LOSS) ² Frontier Tech $13.9B $0.8B Lug Enterprise $8.4B $0.1B Fintech $6.48 $0.1B KEY METRICS BY SECTOR O Consumer $23.6B $0.1B Transportation Diji $0.1B Health Tech $3.6B $2.7B Footnotes: 1. Fair Value by Sector is the per sector Total Investment Acquisition Cost plus the Cumulative Gross Investment Gains/(Losses) as of June 30, 2023. Excludes realized investments and investments not categorized by sector. 2. Quarterly Gain/Loss is the change in the Total Private Investment Fair Value between April 1, 2023, and June 30, 2023. Edtech $1.3B $- These highlights are provided solely for illustrative purposes. Past performance is not necessarily indicative of future results. Sector characterization has been determined by SBIA, and although SBIA believes that such determinations are reasonable, they are inherently subjective in nature. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein. Valuations reflect unrealized and partially realized estimated amounts and should not be construed as indicative of actual or future performance. There can be no assurance that unrealized and partially realized investments will be sold for values equal to or in excess of the total values used in calculating the returns portrayed herein. The actual realized returns on investments that are partially realized or unrealized may differ materially from the values indicated herein. PRIVATE PORTFOLIO Logistics 11 Proptech $4.1B $2.1B ($0.2B) ($0.8B) =SoftBank Investment Advisers#80SVF1 SVF2 LATAM PROGRESS & HIGHLIGHTS Portfolio Evolution As of June 30, 2023 Total Fair Value (Realized & Unrealized) 63% Exited & Public Fair Value 37% SVF1 Exited & Public ¹ Private² 25% Exited & Public Fair Value 75% SVF 2 Footnotes: 1. Exited & Public Fair Value represents the Gross Realized Proceeds and Dividend Income from exited Investments plus the fair value of Unrealized Investments that were publicly listed as of June 30, 2023. 2. Private Fair Value represents the fair value of Unrealized Investments that were not publicly listed as of June 30, 2023. The information herein is provided solely for illustrative purposes, reflects the current beliefs of SBIA as of the date hereof, is preliminary and is based on a variety of assumptions and estimates that are subject to various risks. Certain information presented herein is preliminary in nature, may be incomplete and inaccurate, and subject to change. It should not be assumed that Investments made in the future will be comparable in quality or performance to the Investments described herein. Past performance is not necessarily indicative of future results. Valuations reflect Realized amounts and Unrealized estimated amounts and should not be construed as indicative of actual or future performance. Such values do not reflect fees and expenses that would reduce the value of returns experienced by SoftBank Vision Fund 1, SoftBank Vision Fund 2 and SoftBank LatAm Funds investors. There can be no assurance that Unrealized Investments will be sold for values equal to or in excess of the total values used in calculating the returns portrayed herein. Actual returns on Unrealized Investments will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions on which the valuations reported herein are based. Accordingly, the actual Realized returns on Investments that are partially Realized or Unrealized may differ materially from the values indicated herein. 14% Exited & Public Fair Value 86% LATAM 12 =SoftBank Investment Advisers#81SVF1 SVF2 LATAM PROGRESS & HIGHLIGHTS Portfolio Companies Continue to Be Well-Capitalized As of June 30, 2023 PORTFOLIO COMPANIES WITH 12+ MONTHS CASH RUNWAY 97% SVF1 By Fair Value¹ 90% SVF2 88% Footnotes: 1. Source: SBIA Analysis. Based on the fair value of private portfolio companies with 12+ months runway compared to total unrealized fair value of private investments. Excludes portfolio companies where cash runway data is unavailable and investments in Funds. LATAM The information herein is provided solely for illustrative purposes, reflects the current beliefs of SBIA as of the date hereof. Certain information was derived from data provided by a third party and SBIA makes no representation regarding the accuracy of the information. There can be no assurances that any plans described herein will be realized on the terms expressed herein or at all, and all such plans are subject to uncertainties and risks, as well as investor consents and regulatory approvals, as applicable. Cash runways of 12+ months do not guarantee future high performance of the portfolio company. 13 =SoftBank Investment Advisers#82LATAM PROGRESS & HIGHLIGHTS LatAm Funds Update As of June 30, 2023 120% 100% 80% 60% 40% 20% 0% PUBLIC INVESTMENTS PERFORMANCE DURING THE JUNE QUARTER 3 98% 84% 66% III. dotz ega tege Share Performance - April 1 to June 30, 2023 inter nu 26% Afva EDUCAÇÃ 25% 4. Transaction signed and announced as of June 30, 2023. Closing pending. 5. Source: Capital IQ. NASDAQ-100 Technology Sector Index between April 1, 2023, and June 30, 2023. VTEX 15% Nasdaq 5 11% T arco -8% SATELL GIC Total Fair Value¹ $6.0B SIGNIFICANT M&A EXIT4 Opismo Acquired by VISA Gross IRR Gross MOIC Gross Proceeds Footnotes: 1. Total Fair Value is the Acquisition Cost plus Cumulative Gross Investment Gains/(Losses) as of June 30, 2023. Total figures may differ from the sum of parts due to rounding. 2. Total Investments includes Investments in portfolio companies made by SoftBank LatAm Funds and joint-ventures with existing portfolio companies from SoftBank LatAm Funds Inception to June 30, 2023. It does not include hedges related to the Investments. Total Investments includes both current and fully exited investments. 3. Public Investments defined as publicly listed portfolio companies that SoftBank LatAm Funds has not fully exited as of June 30, 2023, excluding SPAC investments. The performance of the LatAm Funds investments in the companies listed herein is different than the share performance percentage shown above due to fees and monetization events during the quarter. Total # of Investments² 105 Select investments presented herein are solely for illustrative purposes, have been selected in order to provide examples of the types of investments made by SBIA and do not purport to be a complete list of Vision Fund 1 investments. References to investments included herein should not be construed as a recommendation of any particular investment or security. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein. Please refer to visionfund.com/portfolio for a more complete list of Vision Fund 1's investments. Net performance for individual investments cannot be calculated without making arbitrary assumptions about allocations of fees and expenses, and for that reason is not included herein. Past performance is not indicative of future results. 54% 2.4x $67mm 14 =SoftBank Investment Advisers#83SVF1 SVF2 LATAM PROGRESS & HIGHLIGHTS SoftBank - Gateway Gateway to the Japan Market Leveraging our differentiated local ecosystem to drive portfolio company expansion into Japan. Strategic Introductions 2nd 3rd Growth & Customer Acquisition JAPAN Key Economic Metrics GDP Growth Among G7 Countries ¹ Global GDP Ranking2 Footnotes: 1. Source: OECD - G20 GDP Growth - First quarter of 2023, OECD. Based on GDP Growth for first quarter of 2023. 2. Source: World Bank. As of June 30, 2023. arm OUR CORE CAPABILITIES COHESITY Fanatics ▸ mapbox Legal & Regulatory Advisory SVF1 brain sensetime -corp DiDi GET YOUR GUIDE OYO ¹ Byte Dance 50+ portfolio companies operating in Japan DOORDASH KLOOK ROIVANT wework ACULYS Human Capital Support JAKA patsnap 智慧芽 ADVANCE INTELLIGENCE E EMERITUS Co Firework GROUP CLAROTY Tractable 堅朗 KEENON P PayPay trax AIM class Tech formlabs Labelbox Plume TREASURE DATA SVF 2 AutoStore GS Contentsquare CO COPADO ROBOTICS lenskart.com Riiid vehỏ Local Operations Support The information herein is provided solely for illustrative purposes, reflects the current beliefs of SBIA as of the date hereof. Certain information was derived from data provided by a third party and SBIA makes no representation regarding the accuracy of the information. There can be no assurances that any plans described herein will be realized on the terms expressed herein or at all, and all such plans are subject to uncertainties and risks, as well as investor consents and regulatory approvals, as applicable. Select investments presented herein are solely for illustrative purposes, have been selected in order to provide examples of the types of investments made by SBIA and do not purport to be a complete list of Vision Fund 1 or Vision Fund 2 investments. References to investments included herein should not be construed as a recommendation of any particular investment or security. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein. Please refer to visionfund.com/portfolio for a more complete list of Vision Fund 1 and Vision Fund 2 investments. BEHAVOX Gelato material SambaNova cameo cybereason* INMOBI mmhmm SODA inc. 15 CARRO ELLIPTIC Iyuno SDI GROUP ZEPETO Vestiaire Collective wework STANDARD =SoftBank Investment Advisers#84Performance & Impact on SoftBank Group (SBG) 16#85SVF1 PERFORMANCE & IMPACT ON SBG Contribution to SBG, Net of 3rd Party Interests ¹. 1,3 Amounts in USD Billions Footnotes: SVF1 Inception to Fund Net Profit² Less: Change in 3rd Party Interests in Fund SBG LP Income: Share of Fund Net Profit SBG GP Income: Management & Performance Fees³ Contribution to SBG, Net of 3rd Party Interests¹ to the income or loss from SBG's Lim interests in the Fund through of 3rd Party Interests artner interest and Manager's Management and Performance Fee tlemer Contributions to SBG and Fund Net Profit include the impact of Employee Incentive Scheme. 2. Fund Net Profit includes net changes in fair value of financial assets at fair value through profit or loss (FVTPL) which is based on valuations that reflect Unrealized estimated amounts, do not take into account fees or expenses that would reduce the value of returns experienced by investors, and should not be construed as indicative of actual or future performance. There can be no assurance that Unrealized Investments will be sold for values equal to or in excess of the total values used in calculating the information portrayed herein. Actual returns on Unrealized Investments will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions on which the information reported herein is based. Accordingly, the actual Realized returns on Investments that are Unrealized may differ materially from the values indicated herein. 3. Management Fees and Performance Fees earned by SBG through its subsidiary, SBIA UK reflect total Management Fees and Performance Fees earned by the Manager from Inception of the Fund through June 30, 2023. Information herein is presented for illustrative purposes and relates solely to SBG's interests in SoftBank Vision Fund 1. Past performance is not necessarily indicative of future results. Individual investors' results may vary. 2023 Jun 30 $3.0 (1.7) 1.3 1.1 $2.4 17 SoftBank Investment Advisers#86SVF1 PERFORMANCE & IMPACT ON SBG Contribution to SBG As of June 30, 2023 SBG Paid-In Capital ¹ $27.7B SBG Total Value² $29.0B Net Asset Value³ Distributions4 $19.3B $9.7B Footnotes: 1. SBG Paid-In Capital represents SBG Commitment drawn down through capital calls less Return of Recallable unutilized Contributions. 2. SBG Total reflects SBG's Partner interest in the Fund together with SBG's interest in the Fund through the Employee Incentive Scheme and the Manager's Performance Fee ement. 3. Net Asset Value includes net changes in fair value of financial assets at fair value through profit or loss (FVTPL) which is based on valuations that reflect Unrealized estimated amounts, do not take into account fees or expenses that would reduce the value of returns experienced by investors, and should not be construed as indicative of actual or future performance. There can be no assurance that Unrealized Investments will be sold for values equal to or in excess of the total values used in calculating the information portrayed herein. Actual returns on Unrealized Investments will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions on which the information reported herein is based. Accordingly, the actual Realized returns on Investments that are Unrealized may differ materially from the values indicated herein. 4. Distributions include proceeds from Investment Realizations, Financing and Preferred Equity Coupon distributed to Limited Partner from Fund Inception to June 30, 2023. It includes the Return of Recallable Utilized Contributions and the Return of Non-Recallable Utilized Contributions but does not include the Return of Recallable Unutilized Contributions. Information herein is presented for illustrative purposes and relates solely to SBG's interests in SoftBank Vision Fund 1. Past performance is not necessarily indicative of future results. Individual investors' results may vary. 18 =SoftBank Investment Advisers#87SVF 2 PERFORMANCE & IMPACT ON SBG Contribution to SBG As of June 30, 2023 SBG Paid-In Capital ¹ $51.1B SBG Total Value² $32.5B Net Asset Value³ Distributions4 $23.6B $8.9B Footnotes: 1. SBG Paid-In Capital represents SBG Commitment drawn down through capital calls less Return of Recallable unutilized Contributions. SBG Paid-In Capital is net of the capital contributions receivable from MgmtCo as part of the Co-investment program of SoftBank Vision Fund 2. 2. SBG Total reflects SBG's Partner interest in the Fund. 3. Net Asset Value includes net changes in fair value of financial assets at fair value through profit or loss (FVTPL) which is based on valuations that reflect Unrealized estimated amounts, do not take into account fees or expenses that would reduce the value of returns experienced by investors, and should not be construed as indicative of actual or future performance. There can be no assurance that Unrealized Investments will be sold for values equal to or in excess of the total values used in calculating the information portrayed herein. Actual returns on Unrealized Investments will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions on which the information reported herein is based. Accordingly, the actual Realized returns on Investments that are Unrealized may differ materially from the values indicated herein. 4. Distributions include proceeds from Investment Realization and Financing distributed to Limited Partner from Fund Inception to June 30, 2023. It includes the Return of Recallable Utilized Contributions and the Return of Non-Recallable Utilized Contributions but does not include the Return of Recallable Unutilized Contributions. Information herein is presented for illustrative purposes and relates solely to SBG's interests in SoftBank Vision Fund 2. Past performance is not necessarily indicative of future results. Individual investors' results may vary. 19 SoftBank Investment Advisers#88LATAM PERFORMANCE & IMPACT ON SBG Contribution to SBG As of June 30, 2023 SBG Paid-In Capital ¹ $6.9B SBG Total Value² $5.7B Net Asset Value³ Distributions4 Footnotes: 1. SBG Paid-In Capital represents SBG Commitment drawn down through capital calls less Return of Recallable unutilized Contributions. SBG Paid-In Capital is net of the capital contributions receivable from Mgmt Co as part of the Co-investment program of SoftBank LatAm Funds. 2. SBG Total Value reflects SBG's Limited Partner interest in the Fund and the Manager's Performance Fee entitlement. 3. Net Asset Value includes net changes in fair value of financial assets at fair value through profit or loss (FVTPL) which is based on valuations that reflect Unrealized estimated amounts, do not take into account fees or expenses that would reduce the value of returns experienced by investors, and should not be construed as indicative of actual or future performance. There can be no assurance that Unrealized Investments will be sold for values equal to or in excess of the total values used in calculating the information portrayed herein. Actual returns on Unrealized Investments will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions on which the information reported herein is based. Accordingly, the actual Realized returns on Investments that are Unrealized may differ materially from the values indicated herein. 4. Distributions include proceeds from Investment Realization and Financing distributed to Limited Partner from Fund Inception to June 30, 2023. It includes the Return of Recallable Utilized Contributions and the Return of Non-Recallable Utilized Contributions but does not include the Return of Recallable Unutilized Contributions. Information herein is presented for illustrative purposes and relates solely to SBG's interests in SoftBank LatAm Funds. Past performance is not necessarily indicative of future results. Individual investors' results may vary. $5.6B $0.1B 20 SoftBank Investment Advisers#89In Focus: Innovation in the Al Era 21#90INNOVATION IN THE AI ERA Marking Six Years of Investing & Advancing SoftBank's Al Strategy SIGNIFICANT ADVANCEMENTS IN AI SINCE THE LAUNCH OF VISION FUND 1 Al Tech Patents Issued¹ ARTIFICIAL INTELLIGENCE IS TRANSFORMING EVERY INDUSTRY Number of ChatGPT Users² Al Enterprise Adoption Rate³ Arm-Based Chips Shipped (Cumulative)4 Aggregate Market Cap of Mega-Cap Al & Tech Companies5 Footnotes: 1. Source: Bloomberg Law Global Patent Database. 3,267 patents issued in 2017 versus 18,753 in 2021. Reuters. ChatGPT sets record for fastest-growing user base - analyst note. February 2023. The State of Al 2022. Mckinsey. December 2022. 2017 3,200 0 20% 120B $3.0T 2. 3. 4. Source: 2017 figures based on Arm Limited Q4 2017 Roadshow presentation. "Today" figures per SBG 43rd Annual General Meeting of Shareholders presentation. 5. Source: CapIQ. Based on aggregate market cap of Amazon, Apple, Google, Meta, Microsoft, Nvidia, Tesla as of June 30, 2017, and June 30, 2023. Today 18,700+ 100,000,000+ 50% 258B $11.1T The information is provided for illustrative purposes only. Certain information provided herein is provided by a third-party and SBIA makes no representation regarding its accuracy. There can be no assurance that historical trends will continue throughout the life of Vision Fund I, Vision Fund II, or the LatAm Funds. +470% 2.5x +270% 22 ➡SoftBank Investment Advisers#91INNOVATION IN THE AI ERA The Age of Al Calculate THE AGE OF COMPUTING Memorize THEN Search THE AGE OF ARTIFICIAL INTELLIGENCE Infer NOW Footnotes: 1. McKinsey. The economic potential of generative Al: The next productivity frontier. June 2023. "Economic Impact of New Generative Al Use Cases" is the average of the Al impact range. 2. McKinsey. Technology Trends Outlook 2022 - Applied Al. August 2022. Create $21.4T Total Al Economic Potential ¹ +28% Economic Impact of New Generative Al Use Cases¹ 2.1x Revenue Growth CAGR of Al Leaders vs. Others² The information herein is provided solely for illustrative purposes, reflects the current beliefs of SBIA as of the date hereof. Certain information was derived from data provided by a third party and SBIA makes no representation regarding the accuracy of the information. There can be no assurance that historical trends will continue throughout the life of SVF 1, SVF 2, or the LatAm Funds. 23 =SoftBank Investment Advisers#92INNOVATION IN THE AI ERA Generative Al is One Component of Al Sources: IDC & Others¹ EXPERT SYSTEMS OTHER SUBFIELDS ARTIFICIAL INTELLIGENCE MACHINE LEARNING DEEP LEARNING NATURAL LANGUAGE COMPUTER VISION PROCESSING GENERATIVE AI & LARGE LANGUAGE MODELS Footnotes: 1. The illustrative diagram on the slide is a simplified representation of Al and its various subfields. Al is a rapidly evolving field, and many other subfields exist, intersect, and may emerge in the future. Sources: IDC - Generative Al Explainer; UCI Department of Statistics - The Role of Statistics in Modern Data Analysis; Bulletin of the American Meteorological Society; SBIA Analysis. The information is provided for illustrative purposes only and reflects the beliefs of SBIA as of the date of this presentation. 24 =SoftBank Investment Advisers#93SVF1 SVF2 INNOVATION IN THE AI ERA LATAM Al Covers a Spectrum of Applications Within Our Portfolio As of June 30, 2023 kimi 37% Predictive Analytics 28% Recommender Systems Footnotes: 1. Based on SBIA analysis. As of June 30, 2023. AI SPANS DISPARATE SECTORS, GEOGRAPHIES, & BUSINESS STAGES 18% Virtual Agents Percentage of Portfolio Companies Leveraging Al, By Application¹ 14% Deep Learning L J 12% Computer Vision a 11% Image Recognition 000 TOTOO 0011 9% Natural Language Processing Lyc !!! Physical Robotics 8% (000000) The information herein is provided solely for illustrative purposes, reflects the current beliefs of SBIA as of the date hereof. Sector characterization has been determined by SBIA, and although SBIA believes that such determinations are reasonable, they are inherently subjective in nature. 3% Generative Robotic Process Al Automation 3% Other 25 ➡SoftBank Investment Advisers#94SVF1 SVF2 INNOVATION IN THE AI ERA The Expansion of Al Use Cases by Sector Frontier Tech Processor IP LATAM Cybersecurity 3D Printing Enterprise Code Writing Software Testing Requirements Documentation 11/ Consumer Customer Service Management Product Recommendations Price Optimization A Health Tech Drug Discovery Personalized Treatment Plans Medical Imaging Insights Logistics Automated Warehouses Supply & Demand Forecasting Route Optimization Proptech Building Operations Real Estate Marketing Property Value Assessments 6 FinTech Credit Scoring & Loan Origination Personalized Financial Planning Fraud Detection The information herein is provided solely for illustrative purposes, reflects the current beliefs of SBIA as of the date hereof. Sector characterization has been determined by SBIA, and although SBIA believes that such determinations are reasonable, they are inherently subjective in nature. Transportation Self-Driving Vehicles Vehicle Repair Assessments Predictive Fleet Management Ed Tech 26 Dynamic Educational Assessments Real-time Feedback Personalized Tutoring Plans ➡SoftBank Investment Advisers#95SVF1 SVF2 LATAM INNOVATION IN THE AI ERA Examples of Diverse Al Use Cases by Sector (1/3) Enpal Computer Vision Frontier Tech Develops Al-based algorithms to drive the efficient provisioning of solar panels, enabling faster and lower cost installations job&talent Recommender Systems Virtual Agents Personalizes job recommendations, predicts job satisfaction, improves customer service, and streamlines internal processes using Al solutions Delivery driver TIME MANDY 1690 € 0 Clocking F 8 A Keptack of your worlding hours Shifts Accept and reject your shirts Contract details Here & Dunload your contracto Payslips Aly prt pris Other documents Find your past da > Pued sy T Report an issue Lauko if you encountara Delivery driver afshi wa e v wakopetrecubuas.. Enterprise Accor \\// OO Picsart Generative Al Deep Learning Offers text to image, copywriting, art generation & more Al-powered tools, enabling the creation of marketing materials Picsart Create Editing Tools Al tools Batch Editor Design Discover Spaces BETA Turn text into an image with the Picsart Al Image Generator Convert words into an image in mere seconds with the Picsart Al Image Generator. Type a detailed description and watch your vision transform into vibrant, vibrant piece of art. The information herein is provided solely for illustrative purposes, reflects the current beliefs of SBIA as of the date hereof. Sector characterization has been determined by SBIA, and although SBIA believes that such determinations are reasonable, they are inherently subjective in nature. Select investments presented herein are solely for illustrative purposes, have been selected in order to provide examples of the types of investments made by SBIA and do not purport to be a complete list of Vision Fund 1, Vision Fund 2, or the LatAm Funds investments. References to investments included herein should not be construed as a recommendation of any particular investment or security. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein. Please refer to visionfund.com/portfolio for a more complete list of Vision Fund 1, Vision Fund 2, and LatAm Funds investments. Consumer 27 Pricing =SoftBank Investment Advisers#96SVF1 SVF2 INNOVATION IN THE AI ERA Examples of Diverse Al Use Cases by Sector (2/3) Footnotes: 1. Source: Beike IPO Filing Biofourmis LATAM Deep Learning Develops remote patient monitoring systems that utilize advanced pattern recognition to visualize and improve patient outcomes => Biofourmis Georgia Freeman F GF MRN P1001234 DOB:10May 1965 Vitals Live ECG De 10 Information سلر Biovitals index (8) Drag the sider to select the time range 12:30 M 2:00 AM Activity intensity 917123 4567 Comores Care path Hypertension Heart failure Medications Evaluations Health Tech CAM Clinic Murse Arizona Julet, Erma Audio samples سلسله ALL 3M 1M 1W 3D Managing provide Dr. Stephen 800 me 6:00M سلسله Clinical notes 8:00PM B Since progra 12 days 21 July 2020 2000 3 1219 Averag DELHIVERY SERVICES F Jik Optimizes demand forecasting, warehouse management, and shipment routes with machine learning algorithms k DELHIVERY Predictive Analytics Virtual Agents NURSY WA SIMKITU NIN re! havien perder Logistics DELHIVERY www.delivery.com Predictive Analytics Recommender Systems Analyze transactional and behavioral data to recommend quality listings that are more likely to be successfully sold¹ 4:23 BOUR Kon 0 0 MAKA SENE - CE 3507 P SON 全部房源 OK The information herein is provided solely for illustrative purposes, reflects the current beliefs of SBIA as of the date hereof. Sector characterization has been determined by SBIA, and although SBIA believes that such determinations are reasonable, they are inherently subjective in nature. Select investments presented herein are solely for illustrative purposes, have been selected in order to provide examples of the types of investments made by SBIA and do not purport to be a complete list of Vision Fund 1, Vision Fund 2, or the LatAm Funds investments. References to investments included herein should not be construed as a recommendation of any particular investment or security. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein. Please refer to visionfund.com/portfolio for a more complete list of Vision Fund 1, Vision Fund 2, and LatAm Funds investments. BEIKE WENN MEGH. R 贝壳 KL ma M SEMAR SMAN AMD 1999 AMERICA 915 C VEIN VIR COCO 原始 周口經常有独立颁 开買生间不在話不能说 EUR L 朝双灶宅,金银花园泳池 南北 通过,中间楼坛! 28 Prop Tech ➡SoftBank Investment Advisers#97SVF1 INNOVATION IN THE AI ERA Examples of Diverse Al Use Cases by Sector (3/3) Image Recognition 9:41 8 LO あと払い SVF2 Virtual Agents Detects fraud, onboards new users & merchants, analyzes user activity trends, and communicates with customers using Al-powered tools M お金を借りる 送る・受け取る ボーナス運用 D PayPay PayPay残高からの支払い Tap A 92 PayPay Step PayPay - PayPay77 P PayPay スマホ充電 PayPayからのお知らせ おトク 請求書払い お気に入り 0 LATAM チャージ ピックアップ X クーポン Predictive Analytics 19:58 FinTech 支払い 1234 4567 8910 1234 4567 8910 PayPay あと払い 利用可能額:250,000円 モバイルTカードを表示する KAVAK KAVAK Predictive Analytics Recommender Systems Optimizes car pricing, analyzes customer credit history, and facilitates transparent & secure transactions with Al¹ Transportation Compra y vende en línea. KAVAK BUT Footnotes: 1. Source: Forbes. How This Mexico-Based Used-Car Seller Became The Most Valuable Startup In Latin America; CB Insights - Mexican Used-Car Marketplace Valued At $8.7B After Raising $700M In Series E Funding. - go1 go1 Curates and personalizes online learning materials Virtual Agents Q Leadership The information herein is provided solely for illustrative purposes, reflects the current beliefs of SBIA as of the date hereof. Sector characterization has been determined by SBIA, and although SBIA believes that such determinations are reasonable, they are inherently subjective in nature. Select investments presented herein are solely for illustrative purposes, have been selected in order to provide examples of the types of investments made by SBIA and do not purport to be a complete list of Vision Fund 1, Vision Fund 2, or the LatAm Funds investments. References to investments included herein should not be construed as a recommendation of any particular investment or security. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein. Please refer to visionfund.com/portfolio for a more complete list of Vision Fund 1, Vision Fund 2, and LatAm Funds investments. C...> A 29 Ed Tech ➡SoftBank Investment Advisers#98SVF1 SVF2 LATAM INNOVATION IN THE AI ERA SoftBank Leading the Al Era 1980s 2000s RISE OF PC RISE OF MOBILE 1990s arm Vision Fund 1 Established in 2017 RISE OF INTERNET 2010s & Beyond Rise of Al Vision Fund 2 & LatAm Fund Established in 2019 $147B Total Capital Invested¹ $19B+ Total Dry Powder to Invest in Al Leaders3 $42B+ Late-Stage Portfolio² $55B+ Cumulative Distributions since Inception4 Footnotes: 1. Total Capital Invested is cumulative from Fund Inception to June 30, 2023. 2. "Late-stage portfolio" represents the fair value of Series E or later investments as of June 30, 2023, and pro-forma valuations related to prospective transactions. 3. Dry powder represents the undrawn commitment of SVF 1, SVF 2 and LatAm funds as of June 30, 2023. 4. Distributions include proceeds from Investment Realizations, Financings, and Preferred Equity Coupon distributed to Limited Partners from Fund Inception June 30, 2023. It includes the Return of Recallable Utilized Contributions and the Return of Non-Recallable Utilized Contributions but does not include the Return of Recallable Unutilized Contributions. The information is provided for illustrative purposes only. There can be no assurances that SBIA's investment strategy or objectives will be realized or prove successful. Certain statements reflect SBIA's beliefs as of the date hereof based on prior experience and certain assumptions that SBIA believes are reasonable but may prove incorrect 30 =SoftBank Investment Advisers#9966 Al will go beyond the realm of knowledge into the world of creative intelligence, helping us build a richer, happier, and brighter future. 99 MASAYOSHI SON - The information is provided for illustrative purposes only. There can be no assurances that SBIA's investment strategy or objectives will be realized or prove successful. Statements reflect SBIA's beliefs as of the date hereof based on prior experience and certain assumptions that SBIA believes are reasonable but may prove incorrect.#100Thank You SoftBank Vision & LatAm Funds Investor Briefing Presentations Available at visionfund.com/presentations 32