Slide 1: Uber Technologies, Inc. Q1 2021 Earnings Supplemental Data
Uber Technologies, Inc. Q1 2021 Earnings Supplemental Data May 5, 2021
Slide 2: Non-GAAP Financial Measures Disclosure
Non-GAAP Financial Measures Disclosure To supplement our financial information, which is prepared and We believe that both management and investors benefit from For more information on these non-GAAP financial measures, presented in accordance with generally accepted accounting referring to these no
Slide 3: Forward Looking Statements
Forward Looking Statements This presentation may contain forward-looking statements culture, financial performance, investments in new products or regarding our future business expectations, which involve risks offerings, our ability to attract drivers, consumers and other and uncertainties. Actual
Slide 4: Business Highlights
Business Highlights Platform Highlights Segment Details Condensed Consolidated Financial Statements Non-GAAP Reconciliations Q1 2021 Earnings
Slide 5: Gross Bookings returned to growth YoY and vs. Q1'19, and EBITDA continued to improve
Gross Bookings returned to growth YoY and vs. Q1’19, and EBITDA continued to improve +22% YoY Gross Bookings 500 30% 1,000 +33% vs. Q1’19 ($M), % Constant 300 500 37% 500 32% 300 800 (4%) Currency Growth 41% 4,374 10% 800 (8%) YoY 3,071 3,386 3,658 4,683 800 (32%) 8,550 10,050 12,461 All Other 11,44
Slide 6: Mobility recovering rapidly as cities reopen, while Delivery has remained resilient so far
Mobility recovering rapidly as cities reopen, while Delivery has remained resilient so far Sydney New York City Restaurants fully re-opened for dining in February Restaurants partially re-opened for dining in January 1.9X vs. Apr’19 3.2X vs. Apr’19 1.1X vs. Apr’19 0.7X vs. Apr’19 Re-Opening Re-Openi
Slide 7: Delivery's profitable markets demonstrate long-term potential
Delivery’s profitable markets demonstrate long-term potential Delivery’s profitable Delivery Gross Bookings and Adjusted EBITDA margins Q1’21 markets in Q1 ‘21 generated over profitable markets cohorts vs. investment markets cohort $135M in Delivery EBITDA (4%+ of Gross Bookings Adjusted EBITDA marg
Slide 8: Healthy liquidity position, and investments in leading Mobility and Delivery assets
Healthy liquidity position, and investments in leading Mobility and Delivery assets Liquidity Position Equity Stakes (Carrying value) Uber’s Ownership Position $12.9B ~14% Other $ 1.7 ~16% $ 1.7 ~26% $5.7B $3.6 ~33% Unrestricted ~8% $ 4.9 Cash $5.9 ~6% $ 0.8 ST Investments ~31% 1. Liquidity position
Slide 9: Platform Highlights
Business Highlights Platform Highlights Segment Details Condensed Consolidated Financial Statements Non-GAAP Reconciliations Q1 2021 Earnings
Slide 10: Operating Metrics
Operating Metrics In Millions +5% MAPCs 103 93 98 78 55 MAPCs Growth QoQ Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Trips 1,661 1,443 1,447 1,184 737 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Monthly Trips / MAPC 5.4 4.5 5.1 5.2 4.9 Note 1: MAPCs is the number of unique consumers who completed a Mobility
Slide 11: Gross Bookings
Gross Bookings $ in Millions $19,536 +14% $17,152 $15,776 $14,745 Gross Bookings $10,224 Growth QoQ Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 8% (35%) (10%) (5%) 24% % Growth YoY 10% (32%) (8%) (4%) 22% % Constant Currency Growth YoY Note 1: We define Gross Bookings as the total dollar value, includin
Slide 12: Revenue
Revenue $ in Millions 20.6% 19.1% 17.9%* 18.7% 18.5% 14.9% 17.9%* 14.9% $3,248 $3,503* $3,165 $2,813 $2,903 Take Rate Excluding $1,913 UK Accrual Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 16% (34%) (21%) (16%) (11%) % Growth YoY Take Rate Take Rate Excluding 18% (38%)** (20%) (15%) (11%) % Constant Cu
Slide 13: Adjusted EBITDA
Adjusted EBITDA $ in Millions ($454) ($359) +4 QoQ improvement in pp (10.2%)* ($612) ($625) Adjusted EBITDA Margin (14.3%) (12.4%) as a % of Revenue (18.8%) ($837) (22.2%) Excluding UK Accrual* (43.8%) Adjusted EBITDA Margin as a % of Revenue Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Adjusted EBITDA M
Slide 14: Segment Details
Business Highlights Platform Highlights Segment Details Condensed Consolidated Financial Statements Non-GAAP Reconciliations Q1 2021 Earnings
Slide 15: Mobility Highlights
Mobility Highlights $ in Millions $10,874 $5M Gross $5,905 $6,789 $6,773 Bookings $3,046 % Constant Currency (50%) Growth YoY (3%) (73%) (47%) (36%) 25.9% QoQ improvement in Adj. EBITDA 22.7% 23.1% 21.7% 21.5%** 12.6% $2,467 12.6% $1,364 $1,471 $1,453** $788 $853 Revenue % Constant Currency Growth Y
Slide 16: Delivery Highlights
Delivery Highlights $ in Millions $12,461 +162% $10,050 * Gross $6,961 $8,550 Bookings $4,683 % Constant Currency Growth YoY 54% 113% 135% 128% 157% Gross Bookings Growth YoY 12.7% 13.3% 13.5% 14.0% at Constant Currency 11.3% $1,741 $1,136 $1,356 $885 Revenue $527 % Constant Currency Growth YoY 118%
Slide 17: Condensed Consolidated Financial Statements
Business Highlights Platform Highlights Segment Details Condensed Consolidated Financial Statements Non-GAAP Reconciliations Q1 2021 Earnings
Slide 18: Condensed Consolidated Statements of Operations
Three Months Ended March 31, Condensed Revenue 2020 $3,248 2021 $2,903 Consolidated Costs and expenses Cost of revenue, exclusive of depreciation and amortization shown separately below 1,491 1,710 Statements of Operations and support 503 423 Sales and marketing 885 1,103 645 515 Operations Research
Slide 19: Condensed Consolidated Balance Sheets
As of December 31, As of March 31, Condensed Assets 2020 2021 Consolidated Cash and cash equivalents $5,647 $4,836 Short-term investments 1,180 819 Balance Restricted cash and cash equivalents 250 247 Accounts receivable, net 1,073 1,075 Prepaid expenses and other current assets 1,215 1,318 Sheets A
Slide 20: Condensed Consolidated Balance Sheets (Continued)
Continued: As of December 31, As of March 31, Condensed Liabilities, redeemable non-controlling interests and equity 2020 2021 Consolidated Accounts payable Short-term insurance reserves $235 1,243 $232 1,216 Balance Operating lease liabilities, current 175 171 Accrued and other current liabilities
Slide 21: Condensed Consolidated Statements of Cash Flows
Three Months Ended March 31, Condensed Cash flows from operating activities As of Dec 31 2020 2021 Consolidated Net loss including non-controlling interests Adjustments to reconcile net loss to net cash used in operating activities: ($2,946) ($122) Statements of Depreciation and amortization Bad deb
Slide 22: Condensed Consolidated Statements of Cash Flows (Continued)
Continued: Three Months Ended March 31, Condensed Cash flows from investing activities As of Dec 31 2020 2021 Consolidated Purchases of property and equipment Purchases of marketable securities (198) (493) (71) (336) Statements of Purchases of non-marketable equity securities Purchase of note receiv
Slide 23: Non-GAAP Reconciliations
Business Highlights Platform Highlights Segment Details Condensed Consolidated Financial Statements Non-GAAP Reconciliations Q1 2021 Earnings
Slide 24: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation (Unaudited) $ in Millions Three Months Ended Mar 31 ‘20 Jun 30 ‘20 Sep 30 ‘20 Dec 31 ‘20 Mar 31, ‘21 Mobility $581 $50 $245 $293 $298 Delivery (313) (232) (183) (145) (200) Freight (64) (49) (73) (41) (29) All Other (171) (114) (104) (72) (11) Corporate G&A and Platfor
Slide 25: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations (Unaudited) $ in Millions Three Months Ended Mar 31 ‘20 Jun 30 ‘20 Sept 30 ‘20 Dec 31 ‘20 Mar 31 ‘21 GAAP Cost of Revenue 1,491 924 1,298 1,441 1,710 Goodwill and asset impairment/loss on sale of assets - (10) - - - COVID-19 response initiatives (5) (22) (16) (13) (1
Slide 26: GAAP to Non-GAAP Reconciliations (Continued)
Continued: GAAP to Non-GAAP Reconciliations (Unaudited) $ in Millions Three Months Ended Mar 31 ‘20 Jun 30 ‘20 Sept 30 ‘20 Dec 31 ‘20 Mar 31 ‘21 GAAP Sales and marketing $885 $736 $924 $1,038 $1,103 Restructuring and related charges - (22) - 1 - Acquisition, financing and divestitures related expens
Slide 27: Net Income (loss) and Adjusted EBITDA as a % of Revenue
Net Income (loss) and Adjusted EBITDA as a % of Revenue $ in Millions Three Months Ended Mar 31 ‘20 Jun 30 ‘20 Sep 30 ‘20 Dec 31 ‘20 Mar 31 ‘21 Revenue 3,248 1,913 2,813 3,165 2,903 Net income (loss) attributable to Uber Technologies, Inc. (2,936) (1,775) (1,089) (968) (108) Net income (loss) as a p
Slide 28: Reconciliations of Non-GAAP Financial Measures
Reconciliations of Non-GAAP Financial Measures ($ in Millions) Three Months Ended Mar 31 ‘20 Jun 30 ‘20 Sep 30 ‘20 Dec 31 ‘20 Mar 31 ‘21 Revenue Excluding UK Accrual reconciliation Revenue 3,248 1,913 2,813 3,165 2,903 Add back: UK Accrual - - - - 600 Revenue Excluding UK Accrual $3,248 $1,913 $2,81