Rocket Internet Se · HAM:RKET
Rocket Internet — Q1 2019 Earnings Presentation
19 slides from Rocket Internet's earnings presentation, May 29, 2019
Slide 1: Q1 2019 Results for Rocket Internet SE & Selected Companies
Q1 2019 Results for Rocket Internet SE & Selected Companies 29 May 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 Q1 2019 Results for Selected Companies Q1 2019 Results for Rocket Internet SE Summary Remarks 3
Slide 4: Rocket Internet's Selected Companies
Rocket Internet’s Selected Companies Public Companies (1) (2) General Merchandise 17% (2) Home & Living 22% (2) Food & Groceries 1% Private Companies (2) Fashion 21% Note(s): (1) As of May 15, 2019, Rocket Internet no longer holds shares in HelloFresh and Westwing. (2) Percentages indicate Rocket In
Slide 5: Continued Topline Growth
Continued Topline Growth Topline(1) Growth Q1 2019 vs. Q1 2018 58% 15% at constant FX 10% 10% General Home & Living Fashion Merchandise Source: GFG Q1 2019 results, Jumia Q1 2019 results and home24 Q1 2019 quarterly statement. Note(s): Rocket Internet does not have control over the network companies
Slide 6: Adj. EBITDA Margins Overall Continue to Improve at Selected Companies
Adj. EBITDA Margins Overall Continue to Improve at Selected Companies Margin +1.9pp +3.4pp -10pp Improvement (1) (6)% Adj. EBITDA (12)% (10)% Margin (16)% (16)% (20)% Adj. EBITDA Margin Q1 2018 Adj. EBITDA Margin Q1 2019 Source: GFG Q1 2019 results, Jumia Q1 2019 results and home24 Q1 2019 quarterly
Slide 7: GFG Delivers Strong Q1 2019 with Continued Growth in Customer Base, NMV and Profitability
GFG Delivers Strong Q1 2019 with Continued Growth in Customer Base, NMV and Profitability Number of Orders (m) Revenue (EURm) Adjusted EBITDA (EURm) / Margin (%) +27% +10% +1.9pp 261 6.9 237 Q1 2018 Q1 2019 5.4 (10)% (12)% (26) (28) Q1 2018 Q1 2019 Q1 2018 Q1 2019 Company Highlights ▪ Revenue reache
Slide 8: Jumia Continues to Deliver on its Strategy post Successful IPO on NYSE
Jumia Continues to Deliver on its Strategy post Successful IPO on NYSE Active Consumers (m) (1) GMV (EURm) Marketplace Revenue (EURm) +43% +58% +102% 4.3 240 16 3.0 152 8 (1) Q1 2018 Q1 2019 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Company Highlights ▪ In the first quarter of 2019, Jumia’s marketplace contin
Slide 9: home24 Delivers Significant Growth in Q1 2019
home24 Delivers Significant Growth in Q1 2019 Number of Orders (k) Revenue (EURm) Adjusted EBITDA (EURm) / Margin (%) +22% +10% -10pp 560 459 93 Q1 2018 Q1 2019 85 (6)% (5) (16)% (15) Q1 2018 Q1 2019 Q1 2018 Q1 2019 Company Highlights ▪ home24 grew revenue by 10% to EUR 93 million in Q1 2019 versus
Slide 10: Delivery Hero Reports Strong Growth in Q1 2019
Delivery Hero Reports Strong Growth in Q1 2019 Number of Orders (m) GMV (EURm) Revenue (EURm) +55% +55% +94% 125 1,508 267 80 971 138 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Company Highlights ▪ Added a record 16m orders Quarter on Quarter driven by the expansion of Delivery Hero’s early sta
Slide 11: New Incubations
New Incubations 10 New Business Models Launched Since 2018 11
Slide 12: Other Private Companies
Other Private Companies Global Fashion Group, Traveloka and ~200 more Private Companies Total Cost1 Total Fair Value3 (as of Mar 31, 2019) c. EUR 0.4bn2 c. EUR 1.2bn2 (as of Mar 31, 2019) Valuations are subject to significant limitations and should not be read as an indication for the price that thi
Slide 13: Agenda
Agenda Topic Q1 2019 Results for Selected Companies Q1 2019 Results for Rocket Internet SE Summary Remarks 13
Slide 14: Q1 2019 Results Rocket Internet SE – Consolidated IFRS Income Statement
Q1 2019 Results Rocket Internet SE – Consolidated IFRS Income Statement Q1 Q1 EURm 2018 2019 Revenue 10.2 15.1 Other operating income 0.4 10.8 Cost of materials and cost of financial services (2.1) (3.3) Employee benefits expenses (12.5) (8.6) Other operating expenses (7.8) (12.2) Share of profit/ (
Slide 15: Q1 2019 Results Rocket Internet SE – Consolidated IFRS Balance Sheet
Q1 2019 Results Rocket Internet SE – Consolidated IFRS Balance Sheet Assets Dec 31 Mar 31 Equity and Liabilities Dec 31 Mar 31 EURm 2018 2019 EURm 2018 2019 Non-current assets Equity Property, plant and equipment 2.7 2.8 Subscribed capital 152.5 152.5 Right-of-use assets 0.0 48.3 Treasury shares (81
Slide 16: Financial Strength at Strong Cash Reserves
Strong Cash Reserves Financial Strength at Rocket Internet SE as of May 15, 2019 Net Cash(1) Public Stock(2) Loans Granted(3) EUR 3.1b EUR 0.5b EUR 0.3b Source: Unaudited management information. Note(s): (1) Net cash represents gross cash minus commitments made. (2) Value of holdings in public stock
Slide 17: Financial Calendar 2019
Financial Calendar 2019 Date Event June 6, 2019 FY 2018 Rocket Internet SE Annual General Meeting H1 2019 Results for Rocket Internet & Selected Companies and September 19, 2019 Capital Markets Day (London) November 26, 2019 9M 2019 Results for Rocket Internet & Selected Companies 17
Slide 18: Agenda
Agenda Topic Q1 2019 Results for Selected Companies Q1 2019 Results for Rocket Internet SE Summary Remarks 18
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