Slide 1: H1 2019 Results for Rocket Internet & Selected Companies and Capital Markets Days
H1 2019 Results for Rocket Internet & Selected Companies and Capital Markets Days 19 September 2019 1
Slide 2: Disclaimer
Disclaimer This document is being presented solely for informational purposes and should not be treated as giving investment advice. It is not intended to be (and should not be used as) the sole basis of any analysis or other evaluation. All and any evaluations or assessments stated herein represent
Slide 3: Agenda
Agenda Topic H1 2019 Results for Selected Companies H1 2019 Results for Rocket Internet SE Strategy Update Company Presentation: ExpertLead 3
Slide 4: Rocket Internet's Selected Companies
Rocket Internet’s Selected Companies Public Companies (1) General Merchandise 17% (1) Home & Living 11% (1) Fashion 18% Note(s): (1) Percentages indicate Rocket Internet’s total economic ownership held directly, and, where applicable, indirectly through entities over which it may have no control. Ro
Slide 5: Continued Topline Growth
Continued Topline Growth Topline(1) Growth H1 2019 vs. H1 2018 64% 16% at constant FX 18% 13% Fashion General Home & Merchandise Living Source: GFG H1 2019 results, Jumia H1 2019 results and home24 H1 2019 financial report. Note(s): Rocket Internet does not have control over the network companies sh
Slide 6: Adj. EBITDA Margins Overall Continue to Improve at Selected Companies
Adj. EBITDA Margins Overall Continue to Improve at Selected Companies Margin +0.9pp +4.6pp -4.0pp Improvement (1) (6)% (5)% (9)% Adj. EBITDA (13)% Margin (16)% (21)% Adj. EBITDA Margin H1 2018 Adj. EBITDA Margin H1 2019 Source: GFG H1 2019 results, Jumia H1 2019 results and home24 H1 2019 financial
Slide 7: GFG Delivers Strong H1 2019 with Continued Growth in Customer Base and Profitability
GFG Delivers Strong H1 2019 with Continued Growth in Customer Base and Profitability Number of Orders (m) Revenue (EURm) Adjusted EBITDA (EURm) / Margin (%) +26% +13% +0.9pp 15.8 H1 2018 H1 2019 603 12.5 535 (6)% (5)% (30) (29) H1 2018 H1 2019 H1 2018 H1 2019 Company Highlights ▪ Revenue reached EUR
Slide 8: Jumia Continues to Deliver on its Strategy in H1 2019
Jumia Continues to Deliver on its Strategy in H1 2019 Active Consumers (m) (1) GMV (EURm) Marketplace Revenue (EURm) +50% +64% +96% 4.8 521 34 3.2 318 17 H1 2018 H1 2019 H1 2018 H1 2019 H1 2018 H1 2019 Company Highlights ▪ In the first half of 2019, Jumia continued to deliver strong growth in toplin
Slide 9: home24 Delivers Significant Growth in H1 2019
home24 Delivers Significant Growth in H1 2019 Number of Orders (k) Revenue (EURm) Adjusted EBITDA (EURm) / Margin (%) +21% +18% -4.0pp 1,016 178 H1 2018 H1 2019 843 151 (9)% (13)% (14) H1 2018 H1 2019 H1 2018 H1 2019 (23) Company Highlights ▪ home24 grew revenue by 18% to EUR 178 million in H1 2019
Slide 10: New Incubations
New Incubations 15 New Business Models Launched Since 2018 10
Slide 11: Other Private Companies
Other Private Companies 200+ Private Companies Total Cost1 Total Fair Value3 (as of Jun 30, 2019) c. EUR 0.3bn2 (as of Jun 30, 2019) c. EUR 1.1bn2 Valuations are subject to significant limitations and should not be read as an indication for the price that third parties would be willing to pay in a f
Slide 12: Agenda
Agenda Topic H1 2019 Results for Selected Companies H1 2019 Results for Rocket Internet SE Strategy Update Company Presentation: ExpertLead 12
Slide 13: H1 2019 Results Rocket Internet SE – Consolidated IFRS Income Statement
H1 2019 Results Rocket Internet SE – Consolidated IFRS Income Statement H1 H1 EURm 2018 2019 Revenue 23.7 31.5 Other operating income 1.9 6.2 Result from deconsolidation of subsidiaries (0.1) 0.3 Cost of materials and cost of financial services (4.5) (6.9) Employee benefit expenses (26.3) (17.0) Oth
Slide 14: H1 2019 Results Rocket Internet SE – Consolidated IFRS Balance Sheet
H1 2019 Results Rocket Internet SE – Consolidated IFRS Balance Sheet Assets Dec 31 Jun 30 Equity and Liabilities Dec 31 Jun 30 EURm 2018 2019 EURm 2018 2019 Non-current assets Equity Property, plant and equipment 2.7 4.4 Subscribed capital 152.5 152.5 Right-of-use assets 0.0 47.2 Treasury shares (81
Slide 15: Strong Cash Reserves
Strong Cash Reserves Financial Strength at Rocket Internet SE as of Aug 31, 2019 Net Cash(1) Public Stock(2) Loans Granted(3) EUR 3.0b EUR 0.4b EUR 0.2b Source: Unaudited management information. Note(s): (1) Net cash represents gross cash minus commitments made. (2) Value of holdings in public stock
Slide 16: Financial Calendar 2019
Financial Calendar 2019 Date Event November 26, 2019 9M 2019 Results for Rocket Internet & Selected Companies 16
Slide 17: Agenda
Agenda Topic H1 2019 Results for Selected Companies H1 2019 Results for Rocket Internet SE Strategy Update Company Presentation: ExpertLead 17
Slide 18: Equity Incubation and Complementary Capital Allocation Based on Multiple Pillars
Capital Allocation Based on Multiple Pillars Incubation and Complementary Equity Debt Strategic Investments 18
Slide 19: We Are Active in Various Tech Subsectors
We Are Active in Various Tech Subsectors Number of Companies by Sector1 Broad Sector Scope Travel Other • Most of our investments are in the Tech 4% Food 5% Consumer Tech sector Tech 5% Consumer • Our distinct B2C expertise is also applied Prop Tech Tech in related sectors, including Fin Tech and 11
Slide 20: Agenda
Agenda Topic H1 2019 Results for Selected Companies H1 2019 Results for Rocket Internet SE Strategy Update Company Presentation: ExpertLead 20
Slide 21: The tech freelance community
The tech freelance community
Slide 22: We enable the world's best tech freelancers to become even better
The tech freelance community we enable the world’s best tech freelancers to become even better
Slide 23: We enable freelancers and provide companies access to talent
The tech freelance community we enable the world’s best tech freelancers to become even better and we provide companies access to this highly qualified talent pool
Slide 24: We are not just another job platform
we are not just another job platform we serve a community of vetted tech freelancers we help companies assess & find the right techies
Slide 25: We serve a community of vetted tech freelancers
we serve a community of vetted tech freelancers P2P quality reviews no admin, only content vetted customer projects ecosystem of relevant services payment on time. always.
Slide 26: We help companies assess & find the right techies
we help companies assess & find the right techies access to the best tech freelancers technical talent assessment the right talent - in 48hrs dedicated counterpart hassle-free process & setup
Slide 27: Tech talent moves into self-employment
tech talent moves into self-employment % of workforce in the US1 100 in 2018 75 Freelancer 50 Non- had more 25 Freelancer Freelancers than Fulltimers2 0 2017 2027 1 Edelman Intelligence 2017 2 Bloomberg 2018
Slide 28: We leverage our community to assess skills
we leverage our community to assess skills 01 02 03 04 Experience and Coding Technical Continued personality assignment Peer-2-Peer assessment screening interview
Slide 29: Our community focuses only on tech
our community focuses only on tech Software Developers Data Scientists/ Engineers/ Architects Project Managers & Product Owners UI/ UX Designers Beta: Penetration Testers
Slide 30: Our freelance community grows by 73% QoQ
our freelance community grows by 73% QoQ Size of freelance community 73% QoQ Q1’18 Q2’18 Q3’18 Q4’18 Q1’19 Q2’19 Q3’19 f Q4’19 f
Slide 31: We delivered >5€m project volume with 59% QoQ growth
we delivered >5€m project volume with 59% QoQ growth Delivered project volume 59% QoQ Q1’18 Q2’18 Q3’18 Q4’18 Q1’19 Q2’19 Q3’19 f Q4’19 f
Slide 32: Quality assessment pays off - clients come back
quality assessment pays off - clients come back We d on a eliver ve 3 pr rage o per jects clien in Y1 t -Selected clients-
Slide 33: We continue growing with an awesome team
we continue growing with an awesome team in Jan 18 we were 2 now we are ~50 ppl we plan to be ~60 by EoY
Slide 34: Thank you
thank you alexander schlomberg md & co-founder a.schlomberg@expertlead.de the tech freelance community