Jianpu Technology Inc · OTC:AIJTY
Jianpu Technology — Q2 2019 Earnings Presentation
15 slides from Jianpu Technology's earnings presentation, Aug 26, 2019
Slide 1: 2Q 2019 Earnings Results
2Q 2019 Earnings Results August 26, 2019
Slide 2: Safe Harbor Statement and Disclaimer
Safe Harbor Statement and Disclaimer This presentation contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act
Slide 3: Q2 2019 Financial and Operating Highlights
Q2 2019 Financial and Operating Highlights Financial Product Financial Service Users Discovery and Recommendation Providers 5.7 MM Loan Applications2 60 MM+ 1900+ 200K+ 1.9 MM Financial Financial Average MAU1 Credit Card Service Products2 Volume2,3 Providers2 362.3MM 93% Revenue1 350+ Mobile Traffic
Slide 4: Key Operating Metrics: Credit Card Volume
Quarterly And Six Months Key Operating Metrics Credit Card Volume1 In mm The average fee per credit card 106.5 106.2 99.4 97.4 3.5 3.1 1.9 1.6 Q2 2018 Q2 2019 6M 2018 6M 2019 1 Refers to the number of credit cards which we generate revenues from including for both recommendation services and adverti
Slide 5: Key Operating Metrics: Number of Loan Applications
Quarterly And Six Months Key Operating Metrics Number of Loan Applications1 In mm The average fee per loan application 18.2 17.8 13.8 13.6 33.3 30.1 21.2 5.7 Q2 2018 Q2 2019 6M 2018 6M 2019 1 Refers to the number of loan applications which users had submitted via our platform resulting from our loan
Slide 6: Total Revenue Breakdown
Quarterly And Six Months Total Revenue Breakdown Total Revenue Breakdown RMB mm Revenues from Big Data and Risk Management 1 800 49.7 +139% -26.1% 600 26.3% 490.4 49.4 20.8 31.8% 400 362.3 149.1 62.4 -64.6% 200 196.5 Q2 2018 Q2 2019 291.9 103.4 0 Q2 2018 Q2 2019 Loan Credit Cards Advertising, Market
Slide 7: First Half Year Total Revenue Breakdown
First Half Year Total Revenue Breakdown Total Revenue Breakdown RMB mm Revenues from Big Data and Risk Management 1 1,017.1 99.1 1,000 135.3 +244% 826.0 +23.1% 800 95.7 41.4% 345.8 600 278.3 24.3% 28.8 400 18.6% 536.0 6M 2018 6M 2019 200 452.0 0 6M 2018 6M 2019 Loan Credit Cards Advertising, Marketi
Slide 8: Gross Profit and Gross Margin
Quarterly And Six Months Gross Profit and Gross Margin Gross Profit and Gross Margin RMB mm Gross Margin (%) 87.9% 93.3% 92.1% 86.9% 936.8 +30.5% 717.6 -21.6% 431.2 337.9 Q2 2018 Q2 2019 6M 2018 6M 2019 8 8
Slide 9: Adjusted Sales and Marketing Expenses
Quarterly And Six Months Adjusted Sales and Marketing Expenses Adjusted Sales and Marketing Expenses1 RMB mm % of Total Revenue 85.1% 87.2% 81.8% 74.9% +12.7% 761.6 675.6 -24.3% 417.3 315.8 Q2 2018 Q2 2019 6M 2018 6M 2019 1 Non-GAAP basis; excluding stock-based compensation expense. 9 9
Slide 10: Adjusted Research and Development Expenses
Quarterly And Six Months Adjusted Research and Development Expenses Adjusted Research and Development Expenses1 % of Total Revenue RMB mm 18.8% 14.4% 9.5% 10.7% +65.5% 146.1 +46.0% 88.3 68.2 46.7 Q2 2018 Q2 2019 6M 2018 6M 2019 1 Non-GAAP basis; excluding stock-based compensation expense. 10 10
Slide 11: Adjusted General and Administrative Expenses
Quarterly And Six Months Adjusted General and Administrative Expenses Adjusted General and Administrative Expenses1 % of Total Revenue RMB mm 3.1% 5.6% 2.9% 5.0% +110% 50.8 +33.8% 24.2 20.2 15.1 Q2 2018 Q2 2019 6M 2018 6M 2019 1 Non-GAAP basis; excluding stock-based compensation expenses. 11 11
Slide 12: Net Income and Adjusted Net Income
Quarterly And Six Months Net Income and Adjusted Net Income Net Loss and Adjusted Net Loss1 20.00% RMB mm (9.5) (28.5) (48.3) (61.1) (56.9) (66.1) (84.9) 0.00% -0.9% -5.8% (118.2) -5.8% -15.7% -20. 00% Q2 2018 Q2 2019 6M 2018 6M 2019 Net Loss Adjusted Net Loss Adjusted Net Margin 1 Non-GAAP basis; e
Slide 13: Appendix
Appendix 13 13
Slide 14: Consolidated Balance Sheet Data
Consolidated Balance Sheet Data As of 31 December 31 2018 As of 30 June 2019 As of 30 June 2019 (in Millions) (RMB) (RMB) (USD) Current Assets: - Cash and Cash Equivalents 1,270.0 916.1 133.5 - Restricted time deposits 142.4 165.3 24.1 - Short-term Investments 78.5 123.7 18.0 - Net Accounts Receivab
Slide 15: Unaudited Income Statement Data
Unaudited Income Statement Data For the Three Months Ended June 30, 2018 2019 2019 (in Millions) (RMB) (RMB) (USD) Revenues: Recommendation Services: Loans 291.9 103.4 15.1 Credit Cards 149.1 196.5 28.6 Total Recommendation Services 441.0 299.9 43.7 Advertising, marketing and other services 49.4 62.