{
  "docId": "019de072-8569-711a-9d0b-20ccaffd9183",
  "docSlug": "b9653c845a08f5340586ce271ba16d88",
  "documentTitle": "Kinnevik | Results Presentation Deck | 16 slides",
  "authorId": "kinnevik",
  "authorName": "Kinnevik",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2022-04-01 00:00:00",
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  "pageNumber": 9,
  "pageCount": 16,
  "prevPage": 8,
  "nextPage": 10,
  "slideType": "valuation_table",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 4,
  "notes": "The chart compares median multiples for high-growth vs. low-growth SaaS companies against the 5-year US Treasury yield.",
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  "slideHref": "/slides/019de072-8569-711a-9d0b-20ccaffd9183/9",
  "deckHref": "/decks/019de072-8569-711a-9d0b-20ccaffd9183",
  "deckJsonHref": "/decks/019de072-8569-711a-9d0b-20ccaffd9183.json",
  "deckAnchorHref": "/decks/019de072-8569-711a-9d0b-20ccaffd9183#slide-9",
  "components": [
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      "kind": "callout",
      "text": "Sector averages can be deceiving - the median SaaS businesses in BVP's Emerging Cloud index growing by >30% trades at around 13x NTM revenues while the median business growing by <20% trades at around 4x NTM revenues",
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      "kind": "chart",
      "text": "EV/NTM Revenue, BVP Emerging Cloud Index, Q1 2017-22",
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      "kind": "source-note",
      "text": "Note: BVP's Emerging Cloud Index is designed to track the performance of emerging public companies primarily involved in providing cloud software to their customers. Source: BVP, FactSet",
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      "kind": "title",
      "text": "AFTER EXPANDING MATERIALLY DURING THE PANDEMIC, MULTIPLES ARE NOW BELOW PRE-PANDEMIC AND FIVE-YEAR MEDIAN LEVELS",
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  "metrics": [],
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  "frameworks": [
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      "evidence": "Compares high-growth vs low-growth SaaS valuation multiples over time.",
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      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Satisfaction",
      "beatSlug": "monroes-sequence-satisfaction",
      "evidence": "The presenter provides updates on portfolio performance and valuation",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
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  "loops": [
    {
      "to": 9,
      "from": 8,
      "name": "Before After",
      "slug": "21-before-after",
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      "evidence": "The presenter shows a before-after comparison of valuation multiples",
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      "objective": "Comparing pre-pandemic and current valuation multiples",
      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
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      "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison"
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