#1|| SoftBank Group Earnings Results for the 3-month Period ended June 30, 2023 August 8, 2023#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 sources. Regarding Trademarks 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.#3Signs of change [7! 3#4Stock Market Trends 130 120 110 100 90 80 Mar 31 2023 mum Jun 30 2023 AA 120.3 Thomson Reuters Venture Capital Index NASDAQ-100 Technology Sector 116.9 114.5 NASDAQ 110.0 S&P 500 102.8 Golden Dragon China Latest (Aug 7, 2023) Stock market trends are illustrated with the value of each index on March 31, 2023 as 100. Created by SBG based on Bloomberg 4#5Stock Market Trends: "Magnificent 7" 130 120 110 100 90 80 Mar 31 2023 Jun 30 2023 123.1 Magnificent 7 Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla 110.0 S&P 500 105.7 S&P 500 (excluding Magnificent 7) Latest (Aug 7, 2023) Created by SBG based on Bloomberg Stock market trends are illustrated with the value of each index on March 31, 2023 as 100. Magnificent 7: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. The graph represents the market capitalization-weighted average of these stocks. 5#6Stock Market Trends: Public Investments of SVF1+2 130 120 110 100 90 80 Mar 31 2023 I I I I I I I I I I 1 I I I I I | I I I I 1 114.5 NASDAQ 108.4 SVF1+2 Public investments Jun 30 2023 Latest (Aug 7, 2023) Stock market trend is illustrated with the value of each index and funds on Mar 31, 2023 as 100. Created by SBG based on Bloomberg SVF1+2 Public investments represents the index of the total value of holdings calculated by multiplying the number of shares of public companies held by SVF1 and SVF2 as of Mar 31, 2023 in their daily share prices. Used daily closing foreign exchange rates. Includes portfolio companies traded on the over-the-counter markets (DiDi, Zhangmen, and Pear Therapeutics). Sales after Apr 1 2023 are not taken into account. Excludes portfolio companies listed after Apr 1, 2023 (Beisen and Keep) and includes those delisted after Apr 1, 2023 (Qualtrics and Berkshire Grey). 6#7SVF: Gain/Loss on Investments (quarterly) ($ M) 958 785 630 715 2,285 2,869 4,607 3,549 FY17 FY17 FY17 FY17 FY18 FY18 FY18 FY18 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 3,768 FY19 Q1 -8,762 -1,748 FY19 Q2 10,910 2,969 FY19 Q3 13,567 FY20 Q1 FY19 Q4 -10,748 34,467 FY20 FY20 FY20 Q3 Q2 Q4 5,554 FY21 Q1 FY21 Q2 -10,507 941 FY21 Q4 FY21 Q3 FY22 FY22 Q2 Q1 تھال -25,564 FY22 Q3 -9,959 -22,745 FY22 Q4 -5,185 Returned to profit for the first time in 6 quarters FY23Q1 975 USD basis (SVF1 + SVF2 + LatAm Funds) -1,879 Incl. investment gains on SBG subsidiaries (mainly Arm) eliminated in consolidation The information contained herein is provided solely for illustrative purposes on an SBG basis and individual investors' results may vary. Furthermore, past performance is not necessarily indicative of future results. Income before income tax reflects unrealized estimated amounts and does not take into account fees or expenses at the time of exit, and should not be construed as indicative of actual or future performance and for the avoidance of doubt, should not be understood as the "track record" for SVF1, SVF2 and LatAm Funds. There is no guarantee that historical trends will continue throughout the life of SVF1, SVF2 and LatAm Funds. 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 values portrayed herein. Actual returns on unrealized and partially realized investments will depend on, among other factors, 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 assumption on which the valuations reported herein are based. Accordingly, investments that are unrealized or partially realized may differ materially from the values indicated herein. Gain/Loss on Investments (quarterly): quarterly gain and loss on investments at SVF1, SVF2, and LatAm Funds. Before translation for the Company's consolidated financial statements. Includes derivative gains and losses. Before deducting third-party interests, tax, and expenses. 7#8SVF: Gain/Loss on Investments (cumulative) ($ M) 958 1,743 2,373 FY17 FY17 FY17 Q1 3,088 5,373 Q2 Q3 Q4 12,849 8,242 16,398 FY17 FY18 FY18 FY18 FY18 Q1 Q2 Q3 Q4 20,166 FY19 Q1 11,403 FY19 FY19 Q2 Q3 9,655 FY19 Q4 -1,093 12,786 FY20 Q1 26,353 1,876 60,821 FY20 FY20 Q2 FY20 Q3 Q4 66,374 FY21 Q1 55,867 FY21 Q2 56,808 FY21 Q3 FY21 Q4 31,245 FY22 Q1 8,499 FY22 Q2 -1,460 -6,645 FY22 Q3 -8,524 FY22 Q4 USD basis (SVF1 + SVF2 + LatAm Funds) First turnaround in 6 quarters FY23Q1 -7,548 The information contained herein is provided solely for illustrative purposes on an SBG basis and individual investors' results may vary. Furthermore, past performance is not necessarily indicative of future results. Income before income tax reflects unrealized estimated amounts and does not take into account fees or expenses at the time of exit, and should not be construed as indicative of actual or future performance and for the avoidance of doubt, should not be understood as the "track record" for SVF1, SVF2 and LatAm Funds. There is no guarantee that historical trends will continue throughout the life of SVF1, SVF2 and LatAm Funds. 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 values portrayed herein. Actual returns on unrealized and partially realized investments will depend on, among other factors, 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 assumption on which the valuations reported herein are based. Accordingly, investments that are unrealized or partially realized may differ materially from the values indicated herein. Gain/Loss on Investments (cumulative): cumulative gain and loss on investments at SVF1, SVF2, and LatAm Funds since FY2017Q1. Before translation for the Company's consolidated financial statements. Includes derivative gains and losses. Before deducting third-party interests, tax, and expenses. 8#9Invested Amounts (SVF1 + SVF2 + LatAm Funds + SBG/Others) ($ B) SBG/ Others SVF1+ SVF2+ LatAm Funds 15.9 1.2 14.7 Q1 13.4 FY2021 13.1 Q2 8.7 8.6 Q3 5.9 5.6 Q4 2.5 2.3 Q1 0.5 FY2022 Q2 0.5 Q3 0.5 Q4 1.8 0.9 0.9 Q1 Resuming investments FY2023 SBG/Others: SBG and its core wholly owned subsidiaries SVF invested amounts: the sum of new and follow-on investments, including those through share exchanges. Excludes the amount invested by SVF to acquire investments transferred from SBG. 9#10From Presentation Material on Business Strategy in AGM SoftBank Group Shifting to offense mode 10#11Consolidated Results Some figures in this presentation are rounded and may not add up to the figures presented as the total. 11#12Consolidated Results (¥ B) Net sales Loss on investments Income before income tax Net income FY2022 Q1 1,572.0 -2,834.4 -3,292.5 -3,162.7 FY2023 Q1 1,557.5 -699.0 -176.2 -477.6 Change -14.5 +2,135.5 +3,116.3 +2,685.1 Net Income: Net income attributable to owners of the parent 12#13Gain/Loss on Investments (¥ B) SVF -2,919.1 FY2022 Q1 -13.0 FY2023 Q1 Materially improved on investments at SVF SVF: SoftBank Vision Funds 13#14Gain/Loss on Investments Investment Business of Holding Companies (B) SVF Others Consolidated -2,919.1 -2,834.4 FY2022 Q1 111.2 -26.5 -689.7 -699.0 FY2023 Q1 3.8 -13.0 Materially improved on consolidated basis SVF: SoftBank Vision Funds 14#15Gain/Loss on Investments Investment Business of Holding Companies (B) SVF Others Consolidated -2,919.1 -2,834.4 FY2022 Q1 111.2 -26.5 Derivative gain related to Alibaba) 769.9 -689.7 -699.0 FY2023 Q1 3.8 -13.0 Incl. ¥553.4B loss on Alibaba due to lower share price, offset by ¥769.9B derivative gain related to the shares Materially improved on consolidated basis SVF: SoftBank Vision Funds ¥769.9B derivative gain related to Alibaba shares is recorded as derivative gain (excluding gain or loss on investments) 15#16Income Before Income Tax (by segment) (¥ B) Investment Business of Holding Companies SVF SoftBank Arm Other/Reconciliations Consolidated FY2022 Q1 -1,198.1 -2,330.8 222.2 29.8 -15.7 -3,292.5 FY2023 Q1 -394.5 61.0 255.0 -9.5 -88.2 -176.2 Change +803.5 +2,391.8 +32.8 -39.4 -72.5 +3,116.3 SVF segment: SoftBank Vision Funds segment 16#17Net Income (quarterly) (B) 5.5 97.1 912.3 24.0 526.4 313.7 698.3 1,121.7 -127.2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY2017 FY2018 -700.2 55.0 1,255.7 1,172.0 -1,438.2 Q1 Q2 Q3 Q4 FY2019 627.5 1,932.8 Q1 Q2 Q3 Q4 FY2020 761.5 Q1 -397.9 Q2 FY2021 29.0 -2,100.6 Q3 -3,162.7 Q4 3,033.6 -783.4 -57.6 Q1 Q2 Q3 Q4 Q1 FY2022 Alibaba-related transactions ¥477.6B loss (incl. ¥464.6B loss on forex) FY2023 Net Income: Net income attributable to owners of the parent 17#18Key Indicators Some figures in this presentation are rounded and may not add up to the figures presented as the total. SBG stand-alone financial figures in this section are calculated by excluding those of self-financing entities from the consolidated figures. Major self-financing entities includes SoftBank Corp, SVF1, SVF2, LatAm Funds, and Arm, etc. 18#19Changes in Key Indicators (FY2023Q1) All indicators improved NAV (Net Asset Value) LTV (Loan-to-Value) Cash position Mar 31, 2023 ¥14.1T ($105.8B) 11.0% ¥5.1T Jun 30, 2023 ¥15.5T ($107.2B) 8.0% ¥5.8T For details of NAV and LTV, see Appendix "Definition and Calculation Method of SBG's NAV and LTV (as of Mar 31, 2023)" and "Definition and Calculation Method of SBG's NAV and LTV (as of Jun 30, 2023)" Cash position: cash and cash equivalents + short term investments recorded as current assets + undrawn commitment line. SBG stand-alone basis (excludes SB Northstar but includes its cash and cash equivalents) 19#20Change in NAV (T) NAV 14.1 Mar 31, 2023 Forex +1.3 Share price +0.4 Others -0.3 15.5 Up ¥1.4T mainly due to forex impact and higher share prices of assets Jun 30, 2023 For details of NAV, see Appendix "Definition and Calculation Method of SBG's NAV and LTV (as of Mar 31, 2023)" and "Definition and Calculation Method of SBG's NAV and LTV (as of Jun 30, 2023)" 20#21Impact of Forex (FY2023Q1) Weaker JPY increased NAV and equity On NAV On accounting +*1.3T Equity +¥1.3T Consolidated net income -*0.5T For details of NAV, see Appendix "Definition and Calculation Method of SBG's NAV and LTV (as of Jun 30, 2023)" 21#22NAV per Share and Share Price Share Price NAV per Share (¥) -46% 5,182 9,656 Mar 31, 2023 -36% 6,773 10,616 6,917 Jun 30, 2023 Aug 7, 2023 For details of NAV, see Appendix "Definition and Calculation Method of SBG's NAV and LTV (as of Mar 31, 2023)" and "Definition and Calculation Method of SBG's NAV and LTV (as of Jun 30, 2023)" NAV per Share = NAV÷Total number of issued shares (excluding treasury stock) 22#23Equity Value of Holdings (T) 21.7 4.5 2.4 3.4 4.5 1.0 1.2 3.0 1.8 Q1 FY2022 19.7 3.0 2.2 3.3 4.2 1.0 1.3 3.1 1.6 Q2 16.9 2.0 2.3 2.8 3.7 0.9 1.3 2.6 1.3 Q3 15.9 0.7 2.4 2.8 3.5 0.8 1.5 2.9 1.3 Q4 16.9 0.02 2.4 3.1 4.0 0.9 1.4 3.7 1.4 Q1 FY2023 excluding asset-backed finance Alibaba fully monetized Component ratio (as of Jun 30, 2023) 0.1% 14% 18% 24% 5% Alibaba SoftBank Corp. SVF1 SVF2 LatAm Funds T-Mobile/ Deutsche Telekom Arm Others 8% 22% 8% As of the end of each quarter For details of Equity Value of Holdings, see Appendix "Definition and Calculation Method of SBG's NAV and LTV" in the presentation materials for each quarter's earnings results briefing 23#24NAV (Net Asset Value) 1998 2000 2002 2004 2006 2008 2010 2012 (FY) As of the end of each quarter For details of NAV, see Appendix "Definition and Calculation Method of SBG's NAV and LTV (as of Jun 30, 2023)" Information on NAV is provided for reference purposes only to illustrate its historical trend and is not intended to guarantee or imply future NAV. 2014 2016 2018 2020 ¥15.5T $107.2B (Jun 30, 2023) 2022 24#25LTV (Net Debt / Equity Value of Holdings) 40% 30% 20% 10% 0% 15.9% Q1 FY2021 18.7% Q2 21.6% Q3 20.4% Q4 14.5% Q1 FY2022 15.0% Q2 18.2% Q3 11.0% Q4 35% 25% 8.0% Q1 FY2023 excluding asset-backed finance Lowest ever As of the end of each quarter For details of LTV, see Appendix "Definition and Calculation Method of SBG's NAV and LTV" in the presentation materials for each quarter's earnings results briefing 25#26Cash Position (T) 6.0 5.0 4.0 3.0 2.0 1.0 0.0 2.1 Q1 FY2021 2.8 Q2 2.1 Q3 2.9 Q4 4.6 Q1 FY2022 4.3 Q2 3.8 Q3 5.1 Q4 5.8 Q1 FY2023 Further increased to ~¥6T As of the end of each quarter Cash position: cash and cash equivalents + short term investments recorded as current assets + undrawn commitment line. SBG stand-alone basis (excludes SB Northstar but includes its cash and cash equivalents) 26#27SoftBank Vision Funds SoftBank Vision Funds: SoftBank Vision Funds Segment. Includes SVF1, SVF2, and LatAm Funds. Some figures in this presentation are rounded and may not add up to the figures presented as the total. 27#28FY2023Q1: Gain/Loss on Investments Combined +$1.0B SVF1 +$0.9B SVF2 -$0.3B LatAm Funds +$0.3B The information contained herein is provided solely for illustrative purposes and individual investors' results may vary. There is no guarantee that historical trends will continue throughout the life of SVF 1, SVF 2 and LatAm Funds and there is no assurance that unrealized investments will be sold for values equal to or more than the total values used in calculating the performance values portrayed herein. Actual returns on unrealized investments will depend on, among other factors, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which may differ from the assumption on which the valuations reported herein are based. Accordingly, investment that are unrealized may differ materially from the values indicated herein. Past performance is not indicative of future results. 28#29SVF1: Cumulative Investment Return (as of Jun 30, 2023) ($ B) 102.0 Exited Public companies (investments before exit) Private companies (investments before exit) 89.6 25.2 30.2 34.2 Investment cost The information contained herein is provided solely for illustrative purposes on an SBG basis and individual investors' results may vary. Furthermore, past performance is not necessarily indicative of future results. Income before income tax reflects unrealized estimated amounts and does not take into account fees or expenses at the time of exit, and should not be construed as indicative of actual or future performance and for the avoidance of doubt, should not be understood as the "track record" for SVF1, SVF2 and LatAm Funds. There is no guarantee that historical trends will continue throughout the life of SVF1, SVF2 and LatAm Funds. 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 values portrayed herein. Actual returns on unrealized and partially realized investments will depend on, among other factors, 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 assumption on which the valuations reported herein are based. Accordingly, investments that are unrealized or partially realized may differ materially from the values indicated herein. 45.7 20.5 35.8 Cumulative investment return (FV + Sale price) Cumulative investment return: before deducting third-party interests, taxes, and expenses. The classification of portfolio companies as public/private is based on their status as of Jun 30, 2023. Exited: includes disposals (sales) as a result of share exchanges and restructuring of portfolio companies, derivative gain on investments (including unsettled derivatives), and interest and dividend income from investments. Public companies currently held: includes a portfolio company traded in the over-the-counter market. For a certain investment that was initially determined to be transferred from the Company to SVF1 but later canceled, any unrealized valuation gains and losses incurred for the period leading up to the decision to cancel the transfer are not included in Cumulative investment return in the presentation. 29#30SVF2: Cumulative Investment Return (as of Jun 30, 2023) ($ B) Exited Public companies (investments before exit) Private companies (investments before exit) 51.8 1.8 8.7 41.3 Investment cost The information contained herein is provided solely for illustrative purposes on an SBG basis and individual investors' results may vary. Furthermore, past performance is not necessarily indicative of future results. Income before income tax reflects unrealized estimated amounts and does not take into account fees or expenses at the time of exit, and should not be construed as indicative of actual or future performance and for the avoidance of doubt, should not be understood as the "track record" for SVF1, SVF2 and LatAm Funds. There is no guarantee that historical trends will continue throughout the life of SVF1, SVF2 and LatAm Funds. 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 values portrayed herein. Actual returns on unrealized and partially realized investments will depend on, among other factors, 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 assumption on which the valuations reported herein are based. Accordingly, investments that are unrealized or partially realized may differ materially from the values indicated herein. 33.2 2.8 4.9 25.5 Cumulative investment return (FV + Sale price) Cumulative investment return: before deducting third-party interests, taxes, and expenses. The classification of portfolio companies as public/private is based on their status as of Jun 30, 2023. Exited: includes derivative gain on investments (including unsettled derivatives), and interest and dividend income from investments. Public companies currently held: includes portfolio companies traded in the over-the-counter market. The investment cost and fair value of investments before exit in SVF2 include those related to a minor SVF2 ownership percentage in another portfolio company received as part of the consideration for SVF2's investment in a portfolio company. 30#31Value Changes in Portfolio (cumulative) Loss -$54.8B Mar 31, 2023 No change 26 co (6%) 346 co (73%) 101 co (21%) Gain +$46.3B Loss -$56.5B -$8.5B (473 co) The information contained herein is provided solely for illustrative purposes on an SBG basis and individual investors' results may vary. Furthermore, past performance is not necessarily indicative of future results. Income before income tax reflects unrealized estimated amounts and does not take into account fees or expenses at the time of exit, and should not be construed as indicative of actual or future performance and for the avoidance of doubt, should not be understood as the "track record" for SVF1, SVF2 and LatAm Funds. There is no guarantee that historical trends will continue throughout the life of SVF1, SVF2 and LatAm Funds. 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 values portrayed herein. Actual returns on unrealized and partially realized investments will depend on, among other factors, 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 assumption on which the valuations reported herein are based. Accordingly, investments that are unrealized or partially realized may differ materially from the values indicated herein. USD basis (SVF1 + SVF2 + LatAm Funds) Jun 30, 2023 No change 18 co (4%) 343 co (72%) 112 co (24%) -$7.5B (473 co) Gain +$49.0B Value changes in portfolio (cumulative): gain and loss on investments at SVF1, SVF2, and LatAm Funds, including derivative gain and loss, before deducting third-party interests, tax, and expenses. Includes Polygon, which is invested through the purchase of MATIC Tokens (counted as no change in value) 31#32Gain/Loss on Investments Markup By main factor ($ M) FY2022Q4 (Total -$1,879M) +$4,639M (88 companies) +1,202 +2,921 (16 co) (21 co) +95 (6 co) Recent transactions (4 co) -82 +222 (16 co) Performance of portfolio companies (118 co) -4,272 Market Factors (20 co) -1,279 Public portfolio companies (23 co) -716 +200 (29 co) Others (27 co) -169 Markdown -$6,518M (192 companies) The information contained herein is provided solely for illustrative purposes on an SBG basis and individual investors' results may vary. Furthermore, past performance is not necessarily indicative of future results. Income before income tax reflects unrealized estimated amounts and does not take into account fees or expenses at the time of exit, and should not be construed as indicative of actual or future performance and for the avoidance of doubt, should not be understood as the "track record" for SVF1, SVF2 and LatAm Funds. There is no guarantee that historical trends will continue throughout the life of SVF1, SVF2 and LatAm Funds. 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 values portrayed herein. Actual returns on unrealized and partially realized investments will depend on, among other factors, 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 assumption on which the valuations reported herein are based. Accordingly, investments that are unrealized or partially realized may differ materially from the values indicated herein. +256 (9 co) Recent transactions (2 co) -7 FY2023Q1 (Total +$975M) +$5,385M (150 companies) +2,649 (32 co) +238 (12 co) Performance of portfolio companies USD basis (SVF1 + SVF2 + LatAm Funds) (51 co) -1,751 +1,731 (44 co) Market Factors (16 co) -131 Public portfolio companies (15 co) -2,336 +511 (53 co) Others (32 co) -186 -$4,410M (116 companies) Gain and Loss on Investments at SVF: gain and loss on investments at SVF1, SVF2, and LatAm Funds, deducting third-party interests, tax, and including derivative gain and loss before expenses. The main factors of the change in valuation in FY2022Q4 and FY2023Q1 of each portfolio company are indicated based on the classification determined as reasonable by SBGA and SBIA. Although SBIA believes that such determinations are reasonable, they are inherently subjective in nature. (Source) SBGA and SBIA Market factors include the changes in valuation due to the changes in the valuation of public comparable companies, and changes in cost of capital, etc. Public portfolio companies include those traded in the over-the-counter market. 32#33Invested Amounts (SVF1 + SVF2 + LatAm Funds) ($ B) 14.7 13.1 Q1 FY2021 Q2 8.6 Q3 5.6 Q4 2.3 Q1 FY2022 0.4 Q2 0.3 Q3 0.4 Q4 0.9 Resuming investments Q1 FY2023 Invested amounts are the sum of new and follow-on investments, including those through share exchanges. Excludes the amount invested by SVF to acquire investments transferred from SBG. 33#34Enhancing Ecosystem Host post-COVID networking events globally Reconnect SVF portfolio companies, SBG group companies, and investors Promote knowledge sharing among SVF portfolio companies Sōzō Connect 想像 創造 Wednesday, 28 June 2023 18:00-20:00 Cocktail Reception Sözō Connect: London, hast London investing team, is a and pipeline founders and c engage our key stakeholder: connections to encourage d SoftBank Vision Fund April 20 Launch Japan VA NA D WoWork Date: April 20, 2023 Time: 6pm - 8pm Venue: WeWork Iceberg Open at 5:30PM 6-12-18 Jingumae, Shibuya, Tokyo Tokyo Metro Jingumae or Omotesando Station JR Harajuku Station WeWork • Bring your business card. • Up to 40 SVF-invested companies' Japan rep will participate. 34#35Enhancing Ecosystem: Japan Market SBG Group as a gateway to the Japanese market; helping SVF portfolio companies to expand into Japan at various stages 50+ SVF portfolio companies operating in Japan Provides business opportunities to Japanese companies inside and outside SBG Group ● ● arm COHESITY Fanatics mapbox SVF1 brain sensetime corp DiDi GET YOUR GUIDE OYO I₁ ByteDance DOORDASH KLOOK ROIVANT wework 9M-9 ACULYS CLARITY E EMERITUS JAKA patsnap ### ADVANCE INTELLIGENCE GROUP Tractable CLAROTY Co Firework 擊朗 KEENON P PayPay trax AIM class Technologies Inc. formlabs Labelbox Plume TREASURE DATA SVF2 AutoStore Contentsquare IS ROBOTIC lenskart.com Riiid vehỏ BEHAVOX CO COPADO Gelato material bank *cameo cybereason* INMOBI mmhmm SambaNova SODA inc. CARRO ELLIPTIC iyuno SDI GROUP ZEPETO Vestiaire Collective wework STANDARD The information herein is provided solely for illustrative purposes, reflects the current beliefs of SBIA as of the date hereof. 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 SVF1 and SVF2 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. There can be no assurances that any 35 plans described herein will be realized on the terms expressed herein or at all, and all such plans are subject to uncertainties and risks.#36Al Technology Mapping Expert Systems Other Subfields Artificial Intelligence Machine Learning Deep Learning Natural Language Processing Generative Al & Large Language Models Computer Vision Generative Al is one component of Al Sources: IDC and others 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. 36#37Expansion of Use Cases for Al Sector Use case Frontier Tech Processor IP Cybersecurity 3D Printing Enterprise Consumer Code Writing O Software Testing Customer Service Management Product Recommen- dations Requirements Price Documentation Optimization Health Tech Drug Discovery Personalized Treatment Plans Medical Imaging Insights Logistics Proptech Automated Warehouses Demand & Supply Forecasting Route Optimization Example of investments Enpal. job&talent Picsart Biofourmis DELHIVERY Building Operations Real Estate Marketing Property Value Assessments 園 FinTech Credit Scoring & Loan Origination Personalized Financial Planning Fraud Detection Transpor- tation Self-Driving Vehicles Vehicle Repair Assessments Predictive Fleet Management 贝壳 PayPay KAVAK BEIKE EdTech Dynamic Educational Assessments Real-time Feedback Personalized Tutoring Plans go1 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 SVF's 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 SVF's investments. 37#38Arm Some figures in this presentation are rounded and may not add up to the figures presented as the total. 38#39Revenue ($ M) Q2-Q4 Q1 1,689 1,270 419 '16 © 2023 Arm 1,823 1,397 426 '17 1,788 1,809 1.410 378 '18 1,410 398 '19 1,980 1.550 429 '20 2,665 1,990 675 '21 2,817 2,098 719 '22 641 '23 3 months (FY) 3-year CAGR (3 months) 14% lalalala arm - (Source) Arm After FY2017: excl. ISG revenues ISG: Internet-of-Things Services Group Based on, but not necessarily in conformity with IFRS All numbers are unaudited and provided for directional information purposes only. All numbers are preliminary and subject to change. The information herein was prepared by Arm. None of SBG, SVF1, the general partner of SVF1 or SBIA make any representation regarding the accuracy of the information and are under no obligation to update the information. 39#40Al on Arm is Everywhere arm Mobile Al for all applications Cloud compute Press ** 20.30 C PRIVAANA wan 111 Tay 150m kee ************ Generative Optimized AI for Al 100m Automotive #mon y SPIEGE Self-Driving COMLG Autonomous driving Footwe M3 IoT & embedded Even 494 946 Smart vision Facial Anahesis 100% Somijasto MARGARITA SOKOLOVA ZLA.R.c Foto Pres Nass Mach 2008 959 ** (Source) Arm 40#41Computing Platform for Mobile (announced in May 2023) Next generation AI CPU GPU Tools Software Arm Total Compute Solutions 2023 Immersive gaming experience (Source) Arm The information contained herein is provided for illustrative purposes only. The information herein was prepared by Arm. None of SBG, SVF1, the general partner of SVF1 or SBIA make any representation regarding the accuracy of the information and are under no obligation to update the information. 41#42NVIDIA Announced Arm-based Supercomputer NVIDIA announced Isambard 3 Supercomputer in May 2023 Isambard 3 will feature Arm-based NVIDIA Grace CPU Superchips to power medical and scientific research Expected to be among Europe's most energy-efficient systems according to NVIDIA GWA K UK Research and Innovation nVIDIA arm Hewlett Packard Enterprise (Source) NVIDIA Corporation For details, please see" NVIDIA Grace Drives Wave Of New Energy-Efficient Arm Supercomputers" on NVIDIA's website (LINK). 42#43Arm IPO Plans arm Arm has confidentially submitted a draft registration statement on Form F-1 to the U.S. Securities and Exchange Commission. 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. 43#44Al Reshapes the Industrial Landscape 44#45Al is revolutionizing every industry EN AI 6 The information contained herein is provided for illustrative purposes only and does not guarantee accuracy. 45#46Logistics Market Size as a Percentage of GDP Ads 1% ($0.3T) Total $23.3T Logistics 8% ($1.8T) GDP: as of 2021, (Source) The World Bank, "GDP (current US$)" Ads: as of 2021, (Source) dentsu, "Global Ad Spend Forecasts July 2022" Logistics: as of 2021, sum of transportation costs + inventory carrying costs + other costs, (Source) Council of Supply Chain Management Professionals, "33rd Annual State of Logistics Report" 46#47Logistics Market Size as a Percentage of GDP. Ads 1% ($0.1T) Total $5.0T Logistics 9% ($0.4T) USD 1 = JPY 109.90 (2021 average TTM) GDP: as of 2021, (Source) Cabinet Office, "National Accounts for 2021" Ads: as of 2021, (Source) dentsu, "Advertising Expenditures in Japan 2021" Logistics: as of 2020, sum of transportation costs + inventory carrying costs + management costs, (Source) Japan Institute of Logistics Systems, "FY2022 Logistics Cost Survey Report" 47#48Strategic Investments in Logistics Made strategic investments in automated logistics that leverage Al symbotic BG Map BERKSHIRE GREY TELEXISTENCE (i) Established a JV with SBG's investment commitment of $3.2B; (ii) acquired additional 3% interests for $500M in July 2023 (SBG Group's interest in the company as of Mar 31, 2023: 5.6% in total) Acquired all shares for $338M in July 2023 (SVF2's interest in the company as of Mar 31, 2023: 27.7%) Acquired shares through the ¥23B round in March to June 2023 The amount for which SBG acquired all shares of Berkshire Grey ($338M) includes the amount SBG acquired from SVF2. The information herein is provided solely for illustrative purposes of the strategic investments, and references to investments included herein should not be construed as a recommendation of any particular investment or security. 48#49Symbotic S symbotic Warehouse automation platform for retailers and distributors Symbotic AOB 103 ● ● Founded in 2007, listed on NASDAQ in 2022 Revolutionized warehouse automation to dramatically improve storage density, efficiency, speed and flexibility through Al-powered robotic platform Launched GreenBox JV targeting the $500B+ annual warehouse-as-a-service opportunity FY2022 revenue: $593.3M (+136% yoy) (Source) Symbotic 49#50GreenBox Systems Transformative Warehouse-as-a-Service offering S symbotic GreenBox Automated Warehouse A Symbotic's Platform Technology GB GreenBox Automated Warehouse B Symbotic's Platform Technology OFFE SoftBank Group GreenBox Automated Warehouse C Symbotic's Platform Technology Third-party customers (single and multi-tenant) 191 GB GreenBox is a jointly controlled entity of SBG and Symbotic. (Source) Symbotic 50#51Berkshire Grey BG BERKSHIRE GREY Al-enabled robotic solutions to automate fulfillment processes BG 13 | 26 ● ● Founded in 2013 Provide Al-enabled robotic solutions of e-commerce fulfillment, store replenishment, and packaging handling (identifying, sorting, and picking) for e- commerce, retail, convenience and logistics providers FY2022 revenue: $65.9M (+29% yoy) (Source) Berkshire Grey 51#52TELEXISTENCE ollbelopp Develop and deploy remote control technology and Al robots Founded in 2017 Deploy Al robots to restock beverage in convenience store backyards PREN PREM NO W GEOR GEOR BROWA INTERP 312 Find ● TELEXISTENCE Entered into an agreement with Family Mart to install Al robots in 300 stores across Japan Replenish 500-1000 drinks/store with TX robots replacing employees' daily work (Source) TELEXISTENCE 52#53Financial Strategy Some figures in this presentation are rounded and may not add up to the figures presented as the total. 53#54FY2023 Financial Strategy Adhering to financial policy Financial management adaptable to both Defense and Offense 54#55Adhering to Financial Policy 1 2 3 Maintain LTV below 25% in normal times (upper threshold of 35% even in times of emergency) Maintain at least 2-year worth of bond redemptions in cash Secure recurring distributions and dividend income from SVF and other subsidiaries 55#56Respond to Both Defense and Offense Invest in the Information Revolution, while maintaining financial stability Defense against further downside 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) 56#57Capital Allocation PURCHASE STOCK AGEMENT New THIS AGREEMENT is ma to this day of 24 by and between hereimte Cher referred to as investments as "Seller") and corporation, which Cona WHEREAS, the Seller is the rect outstanding shares of the capital stock of shares of S as the "Corporation"), a capital stock of refe $155 par value common stock, WHEREAS, the Purchaser desires to purchase said stock and the Se in sell said stock, upon the terms and subject to the conditions here E stion of the mutual covenants in order to consu tion res UNDERVALUED Shareholders retyBa purv Market wnership REACC s Financial policy (Financial stability) Investors CONTROL Capital Endeavor to strike a balance *The level of NAV discount is also considered 57#58SBG 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 (¥ B) Total of 5 fiscal years 2,612.4 2,190.9 811.4 1,379.5 421.5 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. 58 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.#59(Ref.) Top 10 Consolidated Corporate Income Tax Payments (FY2018-2022) 1 TOYOTA MOTOR 2 3 4 LO 5 7 8 9 NTT 10 6 Sumitomo Mitsui Financial Group SoftBank Group INPEX KDDI Company 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 FY2022 1,297.2 738.4 525.9 906.0 289.5 384.4 401.3 477.5 124.6 297.9 (¥ 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 1,252.5 1,156.8 1,114.3 (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 59 returned from the income taxes paid for the previous fiscal years.#60Summary 1 SVF returned to profit for the first time in 6 quarters 2 NAV up to ¥15.5T, LTV down to 8.0% 3 Resuming offensive 4 Arm continues preparations for the IPO 60#61"Information Revolution -Happiness for Everyone" 61#62II SoftBank Group 62#63Appendix Some figures in this presentation are rounded and may not add up to the figures presented as the total. 63#64Equity Value of Holdings: Diversified Portfolio Alibaba 23% 10% 5% 12% 43% 435 investments 8% Mar 31 2022 52% 5% 15% 10% 18% 45% 439 investments 8% Mar 31 2023 41% 0.1% 14% 8% 22% 47% 438 investments 8% Jun 30 2023 36% SoftBank Corp. T-Mobile/ Deutsche Telekom Arm SVF1+SVF2+ LatAm Funds excluding asset-backed finance Others Alibaba fully monetized Listed share % For details of equity value of holdings, see Appendix "Definition and Calculation Method of SBG's NAV and LTV (as of Mar 31, 2022)", "Definition and Calculation Method of SBG's NAV and LTV (as of Mar 31, 2023)" and "Definition and Calculation Method of SBG's NAV and LTV (as of Jun 30, 2023)" Listed share % includes shares of Alibaba, listed shares held by SVF1, SVF2, LatAm Funds, SoftBank Corp., T-Mobile, Deutsche Telekom, and public companies included in Others. SVF1, SVF2, and LatAm Funds figures are for SBG's interest only. 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 interests in Arm as of Jun 30, 2023, calculated as described herein and net of asset-backed finance, is 58%, taking into account Arm's previously announced preparations for listing. 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. 64#65Equity Value of Holdings: Diversified Portfolio 31% 11% 9% 20% 4% 25% Mar 31 2022 15% 18% 12% 27% 5% 24% Mar 31 2023 10% 17% 13% 32% 5% 23% Jun 30 2023 China Japan APAC (excluding China and Japan) EMEA Greater geographical diversification Latin America North America Classification of regions based on the location of each portfolio company's headquarters China: Alibaba, investments in China from SVF1 and SVF2, and other investment in China Japan: SoftBank, investments in Japan from SVF1 and SVF2, and other investments in Japan APAC (excluding China and Japan): Investments in APAC excluding China and Japan 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 65#66Monetization and Capital Allocation (FY2023Q1) Fund procurement 0.1 0.7 Monetization +0.8 (¥T) Undrawn commitment line 5.1 0.6 4.5 Cash position (Mar 31, 2023) Increase -0.2 Investment Decrease +0.1 Others 5.8 0.7 5.1 Cash position (Jun 30, 2023) Undrawn commitment line Converted to JPY at average rate for each quarter Cash position: cash and cash equivalents + short term investments recorded as current assets + undrawn commitment line. SBG stand-alone basis (excludes SB Northstar but includes its cash and cash equivalents) SBG stand-alone: Excludes those of self-financing entities from the consolidated group. Major self-financing entities includes SoftBank Corp, SVF1, SVF2, LatAm Funds, and Arm, etc. Monetization: distribution of $0.2B from SVF1, $12M from SVF2, $30M from LatAm Funds; $4.4B procured through Alibaba prepaid forward contracts, and $0.7B proceeds from loss of control over subsidiaries Fund procurement: ¥220.0B raised through SBG corporate bonds and ¥53.1B raised through hybrid loans by SBG Investment: $0.9B contributed to SVFS and $0.9B to others The amount of fund procurement is net of the ¥153.0B in bonds redeemed and repurchased by SBG and borrowings, etc. repaid by SBG during the period. 66#67Definition and Calculation Method of SBG's NAV and LTV (as of Jun 30, 2023) 1. NAV (Net Asset Value) 2. Equity value of holdings (after adjustment for asset-backed financing) ● Alibaba: the number of Alibaba ADSS equivalent to the number of shares held by SBG x Alibaba ADS price - the sum of the outstanding maturity settlement amounts (calculated by using the company's share price) of the prepaid forward contracts (floor contracts, collar contracts, forward contracts, and call spread) using Alibaba shares. SBKK: the number of shares held by SBG x SBKK share price - the equivalent amount of outstanding liabilities for margin loans, etc. using SBKK shares. SVF1: SBG's share of the equivalent value of assets held by SVF1 + accrued performance fees, etc. SVF2: SBG's share of the equivalent value of assets held by SVF2, etc. LatAm Funds: SBG's share of the equivalent value of assets held by LatAm Funds + accrued performance fees. T-Mobile: (a) + (b) - (c) - (d) ● NAV = Equity value of holdings - Net debt a) The number of T-Mobile shares held by SBG, including the number of shares subject to call options held by Deutsche Telekom (34,971,809 shares as of Jun 30, 2023) x T-Mobile share price. b) Fair value of SBG's right to acquire the company's shares (48,751,557 shares) for no consideration under certain conditions (contingent consideration). c) The amount of derivative financial liabilities related to unexercised call options held by Deutsche Telekom. d) Maturity settlement amount of the prepaid forward contracts (collar contracts) using T-Mobile shares (calculated by using the company's share price). ■ Deutsche Telekom: Deutsche Telekom: the number of Deutsche Telekom shares held by SBG x Deutsche Telekom share price - the maturity settlement amount of a collar transaction using Deutsche Telekom shares. Arm: the fair value of all Arm shares calculated at SVF1 x SBG ownership (approximately 75% of shares outstanding) - the amount equivalent to the outstanding balance of the borrowings made through asset-backed finance using Arm shares. Others (listed and unlisted investments by SBG): (e) + (f) + (g) e) Listed shares: calculated by multiplying the number of shares held by SBG by the share price of each listed share. 3. Net debt (after adjustment for asset-backed financing) Net debt = SBG net interest-bearing debt SBG net interest-bearing debt = Consolidated net interest-bearing debt - Net interest-bearing debt at self-financing entities, etc. - Other adjustments Consolidated net interest-bearing debt: excludes bank deposits and cash position at PayPay Bank Corporation ■ f) Unlisted shares: calculated based on the fair value (or the carrying amount in SBG's balance sheet for those not measured at fair value) of unlisted shares, etc. held by SBG. g) 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. 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 therefore 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. Net interest-bearing debt at self-financing entities, etc.: the sum of gross interest-bearing debt less the sum of cash positions of self-financing entities, such as SBKK (including its subsidiaries such as Z Holdings Corporation and PayPay Corporation), SVF1, SVF2, LatAm Funds, and Arm, as well as SB Northstar. • Note: Cash and cash equivalents and interest-bearing debt, other than margin loans and prime brokerage loans of SB Northstar are included in net interest-bearing debt of SBG. There is no balance of margin loans and prime brokerage loans of SB Northstar as of June 30, 2023. Other adjustments: the sum of adjustments of (h) to (q) below h) USD Hybrid Notes issued in Jul 2017: 50% added to interest-bearing debt (to be treated as a liability), as the entire amount is recorded as equity in the consolidated financial statements (the entire balance of NC6 Hybrid Notes, which was redeemed on the first voluntary redemption date in July 2023, is added to interest-bearing debt). i) JPY Hybrid Loan borrowed in Nov 2017: 50% deducted from interest-bearing debt (to be treated as equity), as the entire amount is recorded as interest-bearing debt in the consolidated financial statements. j) JPY Hybrid Bonds issued in Feb and Jun 2021: 50% deducted from interest-bearing debt (to be treated as equity), as the entire amount is recorded as interest-bearing debt in the consolidated financial statements. k) JPY Hybrid Notes issued in April 2023: 50% deducted from interest-bearing debt (to be treated as equity), as the entire amount is recorded as interest-bearing debt in the consolidated financial statements. 1) JPY Hybrid Loan borrowed in May 2023: 50% deducted from interest-bearing debt (to be treated as equity), as the entire amount is recorded as interest-bearing debt in the consolidated financial statements. m) Deduction of the financial liabilities related to prepaid forward contracts (floor contracts, collar contracts, and forward contracts) using Alibaba shares. n) Deduction of the equivalent amount of outstanding liabilities for margin loans using SBKK shares. o) Deduction of the financial liabilities related to prepaid forward contracts (collar contracts) using T-Mobile shares. 4. LTV (Loan to Value) p) Deduction of the financial liabilities recorded as borrowings related to collar transactions using Deutsche Telekom shares. q) Deduction of the amount equivalent to the outstanding balance of the borrowings made through asset-backed finance using Arm shares. 5. Other assumptions LTV Net debt / Equity value of holdings Share prices: Closing price as of Jun 30, 2023 FX rate: USD 1= JPY 144.99 SBG = SoftBank Group Corp., Alibaba = Alibaba Group Holding Limited, SBKK = SoftBank Corp., SVF1 = SoftBank Vision Fund 1, SVF2 = SoftBank Vision Fund 2, LatAm Funds = SoftBank Latin America Funds, T-Mobile = T-Mobile US, Inc., Deutsche Telekom Deutsche Telekom AG, Arm = Arm Limited Before considering tax unless otherwise stated The information herein is based on assumptions made by the Company and is not indicative of the price of SBG's common shares or any securities held by the Company and should not form the basis of any investment decisions. 67#68Definition and Calculation Method of SBG's NAV and LTV (as of Mar 31, 2023) 1. NAV (Net Asset Value) 2. Equity value of holdings (after adjustment for asset-backed financing) Alibaba: the number of Alibaba ADSS equivalent to the number of shares held by SBG x Alibaba ADS price - the sum of the outstanding maturity settlement amounts (calculated by using the company's share price) of the prepaid forward contracts (floor contracts, collar contracts, forward contracts, and call spread) using Alibaba shares. SBKK: the number of shares held by SBG × SBKK share price - the equivalent amount of outstanding liabilities for margin loans, etc. using SBKK shares. SVF1: SBG's share of the equivalent value of assets held by SVF1 + accrued performance fees, etc. SVF2: SBG's share of the equivalent value of assets held by SVF2, etc. LatAm Funds: SBG's share of the equivalent value of assets held by LatAm Funds + accrued performance fees. T-Mobile: (a) + (b) + (c) - (d) -(e) ● NAV = Equity value of holdings - Net debt • a) The number of T-Mobile shares held by SBG, including the number of shares subject to call options held by Deutsche Telekom (34,971,809 shares as of Mar 31, 2023) × T-Mobile share price. b) Fair value of SBG's right to acquire the company's shares (48,751,557 shares) for no consideration under certain conditions (contingent consideration). c) Fair value of the rights received in connection with the transaction whereby T-Mobile sold the company's shares to Trust that offered its Cash Mandatory Exchangeable Trust Securities, which allows a subsidiary of SBG to acquire T-Mobile shares under certain conditions. d) The amount of derivative financial liabilities related to unexercised call options held by Deutsche Telekom. e) Maturity settlement amount of the prepaid forward contracts (collar contracts) using T-Mobile shares (calculated by using the company's share price). Deutsche Telekom: Deutsche Telekom: the number of Deutsche Telekom shares held by SBG x Deutsche Telekom share price - the maturity settlement amount of a collar transaction using Deutsche Telekom shares. Arm: the fair value of all Arm shares calculated at SVF1 × SBG ownership (approximately 75% of shares outstanding) - the amount equivalent to the outstanding balance of the borrowings made through asset-backed finance using Arm shares. Others (listed and unlisted investments by SBG): (f) + (g) + (h) 3. Net debt (after adjustment for asset-backed financing) Net debt SBG net interest-bearing debt SBG net interest-bearing debt = Consolidated net interest-bearing debt - Net interest-bearing debt at self-financing entities, etc. - Other adjustments Consolidated net interest-bearing debt: excludes bank deposits and cash position at PayPay Bank Corporation Net interest-bearing debt at self-financing entities, etc.: the sum of gross interest-bearing debt less the sum of cash positions of self-financing entities, such as SBKK (including its subsidiaries such as Z Holdings Corporation and PayPay Corporation), SVF1, SVF2, LatAm Funds, and Arm, as well as SB Northstar. Other adjustments: the sum of adjustments of (i) to (q) below i) JPY Hybrid Bonds issued in Sep 2016: 50% deducted from interest-bearing debt (to be treated as equity), as the entire amount is recorded as interest-bearing debt in the consolidated financial statements. - f) Listed shares: calculated by multiplying the number of shares held by SBG by the share price of each listed share. g) Unlisted shares: calculated based on the fair value (or the carrying amount in SBG's balance sheet for those not measured at fair value) of unlisted shares, etc. held by SBG. h) 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. j) USD Hybrid Notes issued in Jul 2017: 50% added to interest-bearing debt (to be treated as a liability), as the entire amount is recorded as equity in the consolidated financial statements. k) JPY Hybrid Loan borrowed in Nov 2017: 50% deducted from interest-bearing debt (to be treated as equity), as the entire amount is recorded as interest-bearing debt in the consolidated financial statements. 1) JPY Hybrid Bonds issued in Feb and Jun 2021: 50% deducted from interest-bearing debt (to be treated as equity), as the entire amount is recorded as interest-bearing debt in the consolidated financial statements. m) Deduction of the financial liabilities related to prepaid forward contracts (floor contracts, collar contracts, and forward contracts) using Alibaba shares. n) Deduction of the equivalent amount of outstanding liabilities for margin loans using SBKK shares. o) Deduction of the financial liabilities related to prepaid forward contracts (collar contracts) using T-Mobile shares. p) Deduction of the financial liabilities recorded as borrowings related to collar transactions using Deutsche Telekom shares. q) Deduction of the amount equivalent to the outstanding balance of the borrowings made through asset-backed finance using Arm shares. 4. LTV (Loan to Value) LTV Net debt / Equity value of holdings 5. Other assumptions Share prices: Closing price as of Mar 31, 2023 FX rate: USD 1= JPY 133.53 SBG = SoftBank Group Corp., Alibaba = Alibaba Group Holding Limited, SBKK = SoftBank Corp., SVF1 = SoftBank Vision Fund 1, SVF2 = SoftBank Vision Fund 2, LatAm Funds SoftBank Latin America Funds, T-Mobile = T-Mobile US, Inc., Deutsche Telekom = Deutsche Telekom AG, Arm = Arm Limited Before considering tax unless otherwise stated The information herein is based on assumptions made by the Company and is not indicative of the price of SBG's common shares or any securities held by the Company and should not form the basis of any investment decisions. 68#69Definition and Calculation Method of SBG's NAV and LTV (as of Mar 31, 2022) 1. NAV (Net Asset Value) 2. Equity value of holdings (after adjustment for asset-backed financing) Alibaba: the number of Alibaba ADSS equivalent to the number of shares held by SBG x Alibaba ADS price - (a) (b). a) The sum of the outstanding maturity settlement amounts (calculated by using the company's share price) of the prepaid forward contracts (floor contracts, collar contracts, forward contracts, and call spread) using Alibaba shares. b) Equivalent amount of outstanding liabilities for margin loans using Alibaba shares. SBKK: the number of shares held by SBG x SBKK share price - the equivalent amount of outstanding liabilities for margin loans using SBKK shares. . NAV = Equity value of holdings - Net debt SVF1: SBG's share of the equivalent value of assets held by SVF1 + accrued performance fees, etc. SVF2: SBG's share of the equivalent value of assets held by SVF2, etc. LatAm Funds: SBG's share of the equivalent value of assets held by LatAm Funds + accrued performance fees. T-Mobile: the sum of (c) to (e), less (f) to (h) below c) The number of T-Mobile shares held by SBG, including the number of shares subject to call options held by Deutsche Telekom (56,124,954 shares as of Mar 31, 2022) x T-Mobile share price. d) Fair value of SBG's right to acquire the company's shares (48,751,557 shares) for no consideration under certain conditions (contingent consideration). e) Fair value of the rights received in connection with the transaction whereby T-Mobile sold the company's shares to Trust that offered its Cash Mandatory Exchangeable Trust Securities, which allows a subsidiary of SBG to acquire T-Mobile shares under certain conditions. f) The amount of derivative financial liabilities related to unexercised call options held by Deutsche Telekom. g) of the total borrowing amount of the margin loan using T-Mobile shares, the amount that is considered as asset-backed financing non-recourse to SBG ($1.49bn, which is a portion of the total borrowing amount of $2.06bn less the maximum amount guaranteed by SBG ($0.57bn), because SBG guarantees a portion of the borrowing on an exceptional basis. As a precondition for SBG to fulfill its guarantee obligations, the lenders are obligated to first recover the amount to the maximum extent possible from Alibaba shares pledged as collateral for such borrowing.) h) Maturity settlement amount of the prepaid forward contracts (collar contracts) using T-Mobile shares (calculated by using the company's share price). Deutsche Telekom: the number of Deutsche Telekom shares held by SBG x Deutsche Telekom share price - the maturity settlement amount of a collar transaction using Deutsche Telekom shares. Arm: the fair value of all Arm shares calculated at SVF1 x SBG ownership (approximately 75% of shares outstanding) - the amount equivalent to the outstanding balance of the borrowings made through asset-backed finance using Arm shares. Others (listed and unlisted investments by SBG): the sum of (i) and (k) below i) Listed shares: calculated by multiplying the number of shares held by SBG by the share price of each listed share. ▪ j) Unlisted shares: calculated based on the fair value (or the carrying amount in SBG's balance sheet for those not measured at fair value) of unlisted shares, etc. held by SBG. k) 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. 3. Net debt (after adjustment for asset-backed financing) Net debt SBG net interest-bearing debt SBG net interest-bearing debt Consolidated net interest-bearing debt - Net interest-bearing debt at self-financing entities, etc. - Other adjustments Consolidated net interest-bearing debt: excludes bank deposits and cash position at PayPay Bank Corporation Net interest-bearing debt at self-financing entities, etc.: the sum of gross interest-bearing debt less the sum of cash positions of self-financing entities, such as SBKK (including its subsidiaries such as Z Holdings Corporation and PayPay Corporation), SVF1, SVF2, LatAm Funds, and Arm, as well as SB Northstar. Other adjustments: the sum of adjustments of (1) to (v) below 1) JPY Hybrid Bonds issued in Sep 2016: 50% deducted from interest-bearing debt (to be treated as equity), as the entire amount is recorded as interest-bearing debt in the consolidated financial statements. m) USD Hybrid Notes issued in Jul 2017: 50% added to interest-bearing debt (to be treated a liability), as the entire amount is recorded as equity in the consolidated financial statements. n) JPY Hybrid Loan borrowed in Nov 2017: 50% deducted from interest-bearing debt (to be treated as equity), as the entire amount is recorded as interest-bearing debt in the consolidated financial statements. o) JPY Hybrid Bonds issued in Feb and Jun 2021: 50% deducted from interest-bearing debt (to be treated as equity), as the entire amount is recorded as interest-bearing debt in the consolidated financial statements. p) Deduction of the amount equivalent to the outstanding margin loans using Alibaba shares. q) Deduction of the financial liabilities related to prepaid forward contracts (floor contracts, collar contracts, and forward contracts) using Alibaba shares. Deduction of the equivalent amount of outstanding liabilities for margin loans using SBKK shares. Deduction of the loan amount that is considered as asset-backed financing non-recourse to SBG, which is a portion of the margin loan using T-Mobile shares pledged as collateral (refer to (g) above under 2). Deduction of the financial liabilities related to prepaid forward contracts (collar contracts) using T-Mobile shares. u) Deduction of the financial liabilities recorded as borrowings related to collar transactions using Deutsche Telekom shares. v) Deduction of the amount equivalent to the outstanding balance of the borrowings made through asset-backed finance using Arm shares. r) s) t) 4. LTV (Loan to Value) LTV Net debt / Equity value of holdings 5. Other assumptions Share prices: Closing price as of Mar 31, 2022 FX rate: USD 1= JPY 122.39 SBG SoftBank Group Corp., Alibaba = Alibaba Group Holding Limited, SBKK = SoftBank Corp., SVF1 = SoftBank Vision Fund 1, SVF2 = SoftBank Vision Fund 2, LatAm Funds = SoftBank Latin America Funds, T-Mobile = T-Mobile US, Inc., Deutsche Telekom = Deutsche Telekom AG, Arm = Arm Limited Before considering tax unless otherwise stated The information herein is based on assumptions made by the Company and is not indicative of the price of SBG's common shares or any securities held by the Company and should not form the basis of any investment decisions. 69#70SVF1 Public Portfolio Companies (as of Jun 30, 2023) (c) = (b) - (a) Gross gain (loss) ($ M) to SVF1 Fully Exited Fully Exited Fully Exited Fully Exited Fully Exited Fully Exited Fully Exited Fully Exited (A) (B) (A)+(B) Company Coupang Doordash NVIDIA Guardant Health Uber Slack Ping An Good Doctor Vir Biotechnology Opendoor PolicyBazaar 10x Genomics Delhivery Relay Therapeutics Roivant (Listed Portion Only) *5 Energy Vault Zomato GoTo (Gojek Tokopedia) *6 Sense Time OneConnect ZhongAn Aurora Innovation Auto1 Paytm Getaround Ginkgo Bioworks (Previously Zymergen) Full Truck Alliance Grab Compass View WeWork *7 DiDi Public company total (Gross) SVF1 private company, etc.*1 Total (SBG basis) *8 (a) Investment cost *2 to SVF1 2,729 680 2,878 308 7,666 334 400 199 450 199 31 397 300 919 60 309 841 1,429 100 550 333 741 1,600 348 404 1,700 2,993 1,082 1,175 3,468 12,073 (b) Gross return *3 to SVF1 10,798 7,486 5,813 2,665 9,215 1,018 828 579 824 572 338 656 350 954 51 263 756 1,344 4 400 116 455 1,265 8 45 1,280 2,398 466 8 23 2,905 $53,883 $46,120 $100,003 8,069 6,806 2,936 2,358 1,549 684 428 380 374 373 307 259 50 35 (9) (46) (85) (85) (96) (150) (217) (287) (335) (340) (359) (420) (595) (616) (1,167) (3,445) (9,168) $7,185 (d) = (b) / (a) $5,204 $12,389 *4 Gross MOIC 4.0x 11.0x 2.0x 8.7x 1.2x 3.0x 2.1x 2.9x $46,697 $40,916 $87,613 1. SBG basis refers to SoftBank Vision Funds Segment basis. includes the impact from hedges on the public securities and the effect of consolidating inter-company transactions. For certain investments that were originally to be transferred from SBG to SVF1 but canceled afterwards, its unrealized gain (loss) incurred for the period leading up to the decision to cancel the transfer are not included in the presentation. Cumulative investment performance is presented on a net basis. 2. Investment cost is the sum of all external cash flows, including investment-related financing, directed towards the purchase of investments, plus net premiums paid for investment-related hedges. 3. Gross return is the sum of all external cash flows generated by investments and their related hedges, gross of taxes, investment-related financing and other liabilities etc., plus the market value of any unrealized securities as of Jun 30, 2023. 4. Multiple of Invested Capital ("MOIC") is Gross return divided by Investment cost. 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. 5, Roivant: investment cost of public shares to SVF1 excludes $116M which was realized in Mar 2020, prior to Roivant's public listing. 6. GoTo: investment cost of public shares to SVF1 reflects SVF1's investment in Tokopedia prior to its merger with Gojek and excludes $7M in cost that was realized by SVF1 prior to Go To's public listing. 7. WeWork: investment cost of public shares to SVF1 ($3,468M) includes the investment cost to WeWork Asia Holding Company B.V. ("WeWork Asia") ($400M). The shares of WeWork Asia were exchanged to WeWork preferred stock in Apr 2020 at a price of $11.60 per share. 8, Public company total (Gross) includes DiDi, which is traded in the over-the-counter market. The total and the sum of the breakdown in the table may not match as the amount of each item is rounded to the nearest unit. SBG's Net-Paid-in Capital of SVF1 is $27.7B, and the total value is $29.0B as of Jun 30, 2023. Please refer to "Earnings Investor Briefing for Q1 FY2023 SoftBank Vision & LatAm Funds" for further details. Publicly quoted exchange rates may have moved either upwards or downwards, even materially, since the measurement dates indicated herein. The exchange rate for each company on this page and used for calculation of return were taken as of Jun 30, 2023. The selected investments presented herein were solely for illustrative purposes to show the public securities of SVF1 before or as at Jun 30, 2023 and do not purport to be a complete list of SVF1 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 SVF1's investments. 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 SVF1 investors. There is no guarantee that historical trends will continue throughout the life of SVF1. It should not be assumed that investments made in the future will be comparable in quality or performance to investments described herein. 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. SVF1 performance metrics are based on final Valuation and Financial Risk Committee ("VFRC") results. While SVF1 performance figures have been calculated based on assumptions that SBG believes are reasonable, the use of different assumptions could yield materially different results, and the VFRC may adjust any of these values. As such, SVF1 performance figures are subject to change and not necessarily indicative of the performance of SVF1 and are included only for illustrative purposes. 1.8x 2.9x 10.9x 1.7x 1.2x 1.0x 0.8x 0.8x 0.9x 0.9x 0.04x 0.7x 0.3x 0.6x 0.8x 0.02x 0.1x 0.8x 0.8x 0.4x 0.01x 0.01x 0.2x 1.2x $1= ¥144.99 (Jun 30, 2023 TTM) 70#71SVF2 Public Portfolio Companies (as of Jun 30, 2023) (b) (c) = (b) - (a) Gross gain (loss) to SVF2 1,147 656 ($ M) Fully Exited Fully Exited (A) (B) (A)+(B) Company Beike Symbotic AutoStore lonQ Qualtrics *5 Berkshire Grey *6 Alnnovation Pear Therapeutics Beisen Full Truck Alliance Zhangmen Exscientia Seer DingDong Mai Cai JD Logistics WeWork Public company total (Gross) SVF2 private company, etc. Total (SBG basis) *¹ *1 *7 (a) Investment cost *2 to SVF2 1,350 200 2,800 61 24 115 126 46 100 250 105 284 205 325 601 3,033 $9,624 $42,173 $51,797 Gross return *3 to SVF2 2,497 856 2,876 83 15 92 94 0 46 149 0 112 22 43 190 379 6. Delisted on Jul 20, 2023. SBG acquired all shares of Berkshire Grey in Jul 2023. 7. Public company total (Gross) includes Zhangmen and Pear Therapeutics, which are traded in the over-the-counter market. The total and the sum of the breakdown in the table may not match as the amount of each item is rounded to the nearest unit. SBG's Net-Paid-in Capital of SVF2 is $51.1B, and the total value is $32.5B as of Jun 30, 2023. Please refer to "Earnings Investor Briefing for Q1 FY2023 SoftBank Vision & LatAm Funds" for further details. $7,454 $25,751 $33,205 1. SBG basis refers to SoftBank Vision Funds Segment basis. Cumulative investment performance is presented on net basis. 2. Investment cost is the sum of all external cash flows, including investment-related financing, directed towards the purchase of investments, plus net premiums paid for investment-related hedges. 3. Gross return is the sum of all external cash flows generated by investments and their related hedges, gross of taxes, investment-related financing and other liabilities etc., plus the market value of any unrealized securities as of Jun 30, 2023. 4. Multiple of Invested Capital ("MOIC") is Gross return divided by Investment cost. 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. 5. Delisted on Jun 28, 2023. 76 22 (9) (23) (32) (46) (54) (101) (105) (172) (183) (282) (410) (2,654) $(2,170) $(16,423) $(18,593) (d) = (b)/(a) Gross MOIC 1.8x 4.3x 1.0x 1.4x 0.6x 0.8x 0.7x 0.002x 0.5x 0.6x 0.002x 0.4x 0.1x 0.1x 0.3x 0.1x 0.8x *4 Publicly quoted exchange rates may have moved either upwards or downwards, even materially, since the measurement dates indicated herein. The exchange rate for each company on this page and used for calculation of return were taken as of Jun 30, 2023. The selected investments presented herein were solely for illustrative purposes to show the public securities of SVF2 as at Jun 30, 2023 and do not purport to be a complete list of SVF2 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 SVF2's investments. Valuations reflect 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 SVF2 investors. There is no guarantee that historical trends will continue throughout the life of SVF2. It should not be assumed that investments made in the future will be comparable in quality or performance to investments described herein. 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 unrealized may differ materially from the values indicated herein. SVF2 performance metrics are based on final Valuation and Financial Risk Committee ("VFRC") results. While SVF2 performance figures have been calculated based on assumptions that SBG believes are reasonable, the use of different assumptions could yield materially different results, and the VFRC may adjust any of these values. As such, SVF2 performance figures are subject to change and not necessarily indicative of the performance of SVF2 and are included only for illustrative purposes. $1= ¥144.99 (Jun 30, 2023 TTM) 71