TELEFONICA OPEN FUTURE

MARZO 2017

2

* Information to the best of our knowledge as of 31/03/2015. This is a mere informative presentation, and may not be considered nor interpreted as a solicitation of any kind of investment.

9 Investment

Vehicles

€379M Investment

Committed

+85Public & Private

Partners

664 Companies

Invested

41Spaces

17Different

Countries

Telefónica

Ventures

11 Academies in 10 countries

Global presence

22 Invested companies, 5 exits,

€67 M invested by Telefónica

CIP

TELEFONICA CONSOLIDATED

DEMAND

OFFER

TO THE MARKET

MARKET

Europe & Latam,

8 funds, 87 invested

companies, 9 exits,

+€345M committed

+399,485 followers

+269,500

+94,000

7 iniciativas con un approach end to end a la innovación.

3

+14,700 projects

+122,600 youth

+4,800 volunteer mentors

870 grants

+640 companies benefiting

33 operating spaces:

Argentina (4) Brazil (3) Chile (1) Costa Rica

(1) Ecuador (1) Spain (12) Finland (1) UK (3)

China (6) Korea (1)

906 accelerated companies

11 Academies in 10 countries

618 startups invested, 21 exits

+€199M third-party investment

INVEST IN COMPANIES_

ACCELERATE STARTUPS _

ENCOURAGE TALENT_

LIFE CYCLE OF THE COMPANIES

| Consistency time| Acceleration time |

www.openfuture.org

+49,400 users

153 calls / challenges

+18,000 projects

Application of

machine

learning

prediction

Sources of Funding: Publics Privates

* Information to the best of our knowledge as of 31st December 2016.

This is a mere informative presentation, and may not be considered nor

interpreted as a solicitation of any kind.

Indicadores globales – KPIs - Telefónica Open Future_

TEF FIT

COMPANIES

107PIONEERING

OPEN INNOVATIONDEVELOPING

DEAL FLOW

ANALYZED

+51K

INVESTED

COMPANIES

727

ACCELERATED

COMPANIES

1,524

4

DEVELOPING

OPTIONALITY

COMMITTED

EXTERNAL

FUNDS

EUR 254MTIER 1

CO-INVESTORS

+75

CONSOLIDATED

EMPLOYMENT

+10,5K

OPEN FUTURE

FOLLOWERS

+399K

TOTAL PORTFOLIO

MARKET VALUE

+EUR 4.5Bn

* Information to the best of our knowledge as of 31st December 2016.

This is a mere informative presentation, and may not be considered nor

interpreted as a solicitation of any kind.

TEF VENTURES

STARTED IN 2006

TELEFONICA VENTURES

5

• Invested in 2009.

• TEF has deployed Assia tools (DSL

Expresse) in all xDSL lines in Latam.

• Accumulated savings for TEF Group

USD 53M.

• Valuation USD 185M.

• Invested in 2013.

• TEF is selling “Vigilancia Digital” in

Spain and “Cyber Threats” in Germany,

Argentina, Brazil, Colombia, Mexico,

Peru and USA, using Blueliv as anchor

product.

• 2015 TEF Revenues €4,5M.

• Valuation: € 5,7M.

• Invested in 2014.

• Telefonica is deploying in Peru &

designing P&S for

commercialization.

• Valuation: € 207M

• Invested in 2011

• Telefonica offers Quantenna’s wifi chipset in it’s

broadband entertainment services (IPTV) and

Wireless home networking boxes for full HD

video streaming in Spain and Brazil.

• Quantennna billings to TEF $8,5M.

• Valuation: € 343 M.

TEF VENTURES

STARTED IN 2006

AMERIGO

• Kibo Ventures.

• Shortcut Ventures.

• Invested in 2012.

• O2 announced it is working with

6

• Kibo Ventures.

• Invested 2012.

• JobandTalent has signed an agreement to

be pre-charged in Movistar phones, in

Spain, Mexico, Colombia and Chile.,

Movistar customers will be able to use the

J&T app without the need to download it.

• Kibo Ventures.

• Invested in 2014.

• CartoDB is working with TEF in

different projects regarding the

visualization map data for Smart cities,

a prototype for Smart steps and the

navigability of the Guadalquivir river,

among others.

• Axon.

• Invested in 2014.

• O4IT manages all the data center

infrastructure of Telefonica Colombia,

and has a commercial agreement to

take part in the sale process and

product support.

O2 announced it is working with

AT&T Digital Life and Tado to bring a

unique smart home proposition to the

UK in summer 2016.

WAYRA

• Wayra Brasil.

• Invested in 2013.

• Reglare is the Artificial Intelligence focused on

monitoring citizens opinions through Social Networks.

• Launched with Vivo 156 Cidade Digital for City Halls. (6

• Wayra Madrid.

• Invested in 2015.

• Security private messaging app.

• Telefonica is providing this solution to Spanish “Guardia

Civil” & National Police.

7

• Launched with Vivo 156 Cidade Digital for City Halls. (6

projects sld) .

Civil” & National Police.

• Exited in January 2016.

• 22,4 x

• Valuation: €23 M.

• Buyer: Transunion.• Exited in October 2015.

• 5,6 x.

• Valuation: €12 M.

• Buyer: Nauta Capital.

UNIVERSIDADES

ANDALUZAS

+85PARTNERS

Partners públicos portfolio

8

EUROPEAN

COMMISSION

INDUSTRIAL PARTNERS EC CONSORTIUM PARTNERS

ORGANIZATIONS & EVENTSTELCO ALLIANCECHINA OPENFUTURE KOREA OPENFUTURE

+85PARTNERS

Partners privados portfolio

9

INVESTMENT PARTNERS