Naspers Limited Class N · JSE:NPN
Naspers Limited Class N — Investor Presentation (October 2014)
18 slides from Naspers Limited Class N's investor presentation, Oct 10, 2014
Slide 1: eCommerce in India
eCommerce in India 10 October 2014 1
Slide 2: Agenda points
Agenda points 1 The Indian market opportunity 2 Our businesses in India 3 FY14 – the year that’s passed 4 Looking forward 2
Slide 3: India: part of our large global footprint
India: part of our large global footprint * Only includes country of domicile for associates, not their entire footprint 3
Slide 4: India: a country of large numbers and opportunity
India: a country of large numbers and opportunity 1.2bn people - second most populous country in the world 3,287,590 km2 - third largest landmass in Asia, seventh in the world 29 states 18 languages – 1,652 dialects 3,700 urban agglomerations 624,000 villages 3rd largest economy by 2030 - GDP (PPP)
Slide 5: India: positive demographics
India: positive demographics India’s demographic dividend will begin to pay off by 2020 Male Female Male Female Male Female Male Female 80+ 80+ 80+ 80+ 75-79 75-79 75-79 75-79 70-74 70-74 70-74 70-74 65-69 65-69 65-69 65-69 60-64 60-64 60-64 60-64 55-59 55-59 55-59 55-59 50-54 50-54 50-54 50-54 45-4
Slide 6: India: mobile driving growth in internet users
India: mobile driving growth in internet users Number of internet users (m); 2009 – 2013 growth (%) Naspers focus markets sample +60% 616 384 +19% 260 +205% 218 177 +33% +2% +95% +6% +206% 106 +8% 99 101 81 76 69 41 52 58 52 56 65 17 Russia Indonesia Brazil India China United Germany Japan United St
Slide 7: India: ecommerce shoppers scaling faster than average
India: ecommerce shoppers scaling faster than average Growth in internet shoppers, 2009 – 2013 CAGR (%) Naspers focus markets sample 77 71 38 34 34 32 26 24 22 10 9 3 China Turkey Brazil W EU LatAm Japan Russia MEA US Asia ex- India CE EU Japan Source: IDC, Naspers 7
Slide 8: Agenda points
Agenda points 1 The Indian market opportunity 2 Our businesses in India 3 FY14 – the year that’s passed 4 Looking forward 8
Slide 9: Our operations in India
Our operations in India We operate in most relevant ecommerce segments in India 9
Slide 10: M&A activity: follow-on and bolt-on
M&A activity: follow-on and bolt-on Total acquisition spend (US$m) 800 600 465 Other 400 754 634 517 200 260 - Mar 10 Mar 11 Mar 12 Mar 13 Mar 14 10
Slide 11: Our Indian businesses are growing strongly
Our Indian businesses are growing strongly 2yr site traffic growth – rebased to 100 600 500 400 300 200 100 0 flipkart.com goibibo.com olx.in redbus.in Source: Naspers 11
Slide 12: We are enjoying market leadership
We are enjoying market leadership #1 etail platform #1 classifieds site #1 in online payments #1 in online travel* * based on transactions 12
Slide 13: Agenda points
Agenda points 1 The Indian market opportunity 2 Our businesses in India 3 FY14 – the year that’s passed 4 Looking forward 13
Slide 14: FY14 in review
FY14 in review Global India Extended classifieds aggressively, OLX market leader in India, prioritising mobile 80% of traffic is mobile Flipkart crossed US$1bn Continued rapid etail expansion GMV run rate; launched fashion, marketplace, next day / same day delivery Scaled payments, travel, mobile Pa
Slide 15: Agenda points
Agenda points 1 The Indian market opportunity 2 Our businesses in India 3 FY14 – the year that’s passed 4 Looking forward 15
Slide 16: India: it's early days… with the best yet to come
India: it’s early days… with the best yet to come Ecommerce market size forecast (US$bn) 200 180 160 140 120 100 80 60 40 20 0 2013a 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Source: Naspers Estimates, Technopak, Deutsche Bank 16
Slide 17: New innovations emerging in India
New innovations emerging in India Redbus: OLX: Live mobile bus tracking Mobile classifieds leader PayU: Flipkart: Long tail merchant model Last mile delivery at scale 17
Slide 18: FY15 Outlook: growth and business model expansion
FY15 Outlook: growth and business model expansion Naspers’ • Step-up growth in classifieds Global • Accelerate growth in etail, including footprint expansion ecommerce • Push further on new growth areas (payments, online services) • OLX India: Further extend C2C leadership by localized communication