Content Comparison

How to use the capability

1. This reports show Net Invested capital per quarter and Inception to date (ITD)

2. Chose “measure” NAV to show negative NAV development in 2020-Q1

3. “Select Fund”: switch to a specific fund (e.g. Mango 11)

   “Fund breakdown”: by vintage => “select fund” 2016

   Explain: the big distribution received by Papaya in Q32021 is visible here.

   “Measure”: Distributions

   “Measure”: NAV

   “Measure”: Total Value (NAV + Distributions)

how to use the capability

1. Chose a fund

2. Choose Measure: e.g. net cash flow

3. hover over a pile diagram and show the quarterly positions

4. Click on 20212022-Q3 position

5. “drilldown by”: Fund

6. Click again on Box

7. Explain the two peaks in distributions: Papaya 1 and 2

How to use the capability

1. choose Contributions as measure to show the biggest investments

2. Fund breakdown by strategy

3. Choose the TVPI cluster to show the performance

4. point to the chart and play around with it to identify low performer

5. Colapse the Total and open up again

6. do not change the “fund breakdown”, leave it on Fund.

7. again 

How to use the capability

1. Choose Fund to show the details

2. General Study the fund info

3. Show other widgets

4. Choose “Fund” Apple 4

5. Capital Account Information widget => scroll down to Committed Capital (PIC)

6. information

7. Click on “asset summary” to switch screen to learn about the portfolio companies

How to use the capability

1. Identify low performing portfolio companies

   1. Choose a fund

   2. Search for the companies that have a big weight in the fund and low performance

      1. companies Widget: order by “Inv. %” top down

      2. Shows the largest investments of the fund

   Explain

   1. 1. Analyse the

   columns:

   1. 1. GrMoIC

2. The fund is heavly invested in Capist, it is 8% of the overall fund Investements and has a low performance

move to

1. 1. column

2. Search for low performer in the “MoIC Analysis” widget

   • Focus on “unrealized” “below cost”
     The realised are no longer interesting.

   • Expand “below cost” to

Point out “Capist Ldt”move to

1. • find low performer

2. Search for low performer “revenue Y-Y growth” widget

3. move to “EBITDA Y-Y growth”

   • expand “negative growth”

3. point out “Capist Ldt”

4. move to “revenue Y-Y growth”

5. 1. • identify low performer

6. click to App menu “company benchmarks” to move forward in the menu

1. Explain some of the columns, scroll up to the far right

2. (Optional Excel export)

3. Explain the Navigation Panel on the right, expand it to show the options

4. select “Top companies”

1. Change the “rating measure” to “invested capital”

2. change the “# companies” to 4

3. explain the “gross MoIC” widget by focusing on Capist

   • The valuation of the GP has seen some changes, in 2020-Q1 the company lost one third of its value, it quickly recoverd, but then it got reduced to 0.5 again.
     A bumpy road you would like to talk to your GP about.

4. navigate to “buttom companies” on the left

5. Change the “rating measure” to “gain/loss”

6. point out Capist on widget “buttom companies analysis”

7. navigate to “selected assets” on the left for ben

1. select “Company” Capist

   1. explain the “Quote analysis company: industry” is adjusted automatically based on the selected asset industry

2. Explain “Benchmark” widget

   1. “EV to EBITDA” the relevant benchmark group has a average of 15.09 ratio
      Capist currently at 11

   2. compare the EBITDA growth of the benchmark group to the “EBITDA Y-Y growth” in the “selected asset” widget

3. (Optional Click on the process bar on “ (2) benchmark”)