Rocket Internet Se · HAM:RKET

Rocket Internet — Q3 2016 Earnings Presentation

29 slides from Rocket Internet's earnings presentation, Nov 30, 2016

1. Slide 1: Q3 2016 Rocket Internet SE & Selected Companies

   Q3 2016 Rocket Internet SE & Selected Companies 30 NOVEMBER 2016

2. 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

3. Slide 3: Agenda

   Agenda Topic Presenter Peter Kimpel 1 Q3 2016 Financial Results CFO Rocket Internet - Selected Companies - RISE Group Oliver Samwer 2 Summary Remarks CEO Rocket Internet 2

4. Slide 4: Selected Companies' Q3 2016 Results

   Selected Companies’ Q3 2016 Results

5. Slide 5: Rocket Internet's Selected Companies at a Glance

   Rocket Internet’s Selected Companies at a Glance 9M 2015 9M 2016 Improvement (EURb) Aggregate 1.44 1.94 GMV(1) YoY Growth: 35% 9M 2015 9M 2016 (EURb) Aggregate 1.21 1.58 Net Revenue YoY Growth: 31% 9M 2015 9M 2016 (%) Aggregate Adj. EBITDA (17.5%) YoY Improvement: +16.9pp Margin(2,3) (34.4%) 9M 2015

6. Slide 6: Continued Improvements in Net Revenue and Adj. EBITDA

   Continued Improvements in Net Revenue and Adj. EBITDA EURm 600 Net Revenue 500 400 300 0 (2) Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Adj. EBITDA(1) (100) (200) Aggregated Selected Portfolio Companies Source: Unaudited consolidated financial information based on IFRS and management re

7. Slide 7: Continued Increase in Net Revenue

   Continued Increase in Net Revenue EURm 148 (60) 25 1,583 257 1,212 9M 2015 Food & Groceries Fashion Africa Internet Group Home & Living 9M 2016 Source: Unaudited consolidated financial information based on IFRS and management reports of HelloFresh, foodpanda, GFG, Jumia, Westwing and home24. Please

8. Slide 8: Continued Topline Growth

   Continued Topline Growth Topline(1) Growth 9M 2015 – 9M 2016 121% 102% Regional businesses of GFG 35% 27% 27% 28% 30% 21% 13% 3% (14%) Overall weighted average Food & Africa Home Groceries Fashion(2) Internet & Living Group Source: Unaudited consolidated financial information based on IFRS and manag

9. Slide 9: Adj. EBITDA Margins Improved Significantly at All Major Companies

   Adj. EBITDA Margins Improved Significantly at All Major Companies Average Average (34%) (17%) Adj. EBITDA margin 9M 2015 (1) (26%) Adj. EBITDA margin 9M 2016 (15%) (53%) (2) (19%) (31%) Adj. EBITDA (14%) margin percentage (17%) point improvement (9%) (9M 2016 / 9M 2015) (32%) 16.9pp Regional (7%) bu

10. Slide 10: Losses Reduced as Companies Scale

    Losses Reduced as Companies Scale Margin +34pp(2) +21pp +17pp +13pp +11pp +4pp(2) +17pp Improvement (1) Total EURm (16) (35) (40) (46) (52) (56) (66) (66) (76) (100) (98) Adj. EBITDA 9M 2015 in EURm Adj. EBITDA 9M 2016 in EURm (175) (334) Adj. EBITDA margin percentage point x pp improvement (9M 2016

11. Slide 11: HelloFresh

    HelloFresh Q3 Q3 9M 9M EURm 2015 2016 2015 2016 Key Performance Drivers Net Revenue 85.5 146.8 198.0 438.3 Financial  Continued strong Q3 YoY topline growth of 72% % Growth YoY 71.6% 121.3%  QoQ revenue development impacted in Q3 by peak holiday season in Jul and Aug in most markets, resulting in

12. Slide 12: Delivery Hero on Continued Growth Path in 9M 2016

    Delivery Hero on Continued Growth Path in 9M 2016 Orders (m) GMV (EURm) Revenue (EURm) 127 229 1,787 112 +71% 1,631 +61% 200 +68% 74 1,111 136 657 88 39 FY14A FY15A 9M 15 9M 16 FY14A FY15A 9M 15 9M 16 FY14A FY15A 9M 15 9M 16 Source: Unaudited and draft information from statutory accounting point of

13. Slide 13: Foodpanda (excl. Delivery Club)

    Foodpanda (excl. Delivery Club) Q3 Q3 9M 9M EURm 2015(2) 2016(2) 2015(2) 2016(2) Key Performance Drivers GMV 52.9 87.3 124.2 216.0 Financial  Continued revenue growth in 9M 2016 (102% vs. 9M 2015 and 120% % Growth YoY 64.9% 74.0% vs. Q3 2015; 108% at constant currency vs 9M 2015) as foodpanda conti

14. Slide 14: Global Fashion Group

    Global Fashion Group Q3 2016 Net Revenue EURm (1) 249.9 80.1 73.0 61.6 34.4 Source: GFG’s unaudited consolidated financial information based on IFRS. Please refer to the appendix for more information on the figures and any adjustments made. (1) GFG consolidated net revenue, excluding discontinued op

15. Slide 15: GFG Consolidated (excl. Jabong)

    GFG Consolidated (excl. Jabong) Q3 Q3 9M 9M EURm 2015(2) 2016(2) 2015(2) 2016(2) Key Performance Drivers Net Revenue 196.9 249.9 557.6 705.7 Financial % Growth YoY 26.9% 26.6%  Q3 net revenue grew 16% on a constant FX pro-forma basis to EUR 250m with 9M 2016 revenue reaching EUR 706m, despite conti

16. Slide 16: Lamoda

    Lamoda Q3 Q3 9M 9M EURm 2015 2016 2015 2016 Key Performance Drivers Net Revenue 56.0 73.0 164.7 198.6 Financial 30.4% 20.6%  Net revenue growth on a constant FX basis of 33.6% for Q3 2016 % Growth YoY and of 38.5% for 9M 2016, despite a weak retail environment and strong macroeconomic headwinds Gro

17. Slide 17: Dafiti

    Dafiti Q3 Q3 9M 9M EURm 2015(2) 2016(2) 2015(2) 2016(2) Key Performance Drivers Net Revenue 58.8 80.1 169.8 215.9 Financial  In Q3 2016 like-for-like net revenue growth on a constant FX basis % Growth YoY 36.2% 27.1% slowed down to (0.9%) because of challenging macroeconomic environment, especially

18. Slide 18: Namshi

    Namshi Q3 Q3 9M 9M EURm 2015 2016 2015 2016 Key Performance Drivers Net Revenue 30.3 34.4 75.0 101.4 Financial  Net revenue growth on a constant FX basis of 10.8% for Q3 2016 % Growth YoY 13.5% 35.2% and of 35.3% for 9M 2016, despite continued uncertainty in the macroeconomic environment and increa

19. Slide 19: Zalora (incl. The Iconic)

    Zalora (incl. The Iconic) Q3 Q3 9M 9M EURm 2015 2016 2015 2016(2) Key Performance Drivers Net Revenue 51.0 61.6 146.1 187.4 Financial  Net revenue growth like-for-like on a constant FX pro-forma basis of % Growth YoY 20.8% 28.3% 26.1% for Q3 2016 and of 40.3% for 9M 2016 Gross Profit 17.6 24.1 48.8

20. Slide 20: Jumia

    Jumia Q3 Q3 9M 9M EURm 2015 2016 2015 2016 Key Performance Drivers GMV 84.7 57.4 227.0 194.2 Financial % Growth YoY (32.2%) (14.5%)  Decrease in net revenue is primarily driven by shift from retail to marketplace (retail: merchandise value is booked as net revenue, Net Revenue 33.8 16.6 114.2 54.4

21. Slide 21: Westwing

    Westwing Q3 Q3 9M 9M EURm 2015 2016 2015 2016 Key Performance Drivers Net Revenue 45.4 55.9 154.1 173.8 Financial % Growth YoY 23.3% 12.8%  Net revenue growth of 12.8% in 9M 2016; Q3 showing traditionally Gross Profit 19.8 23.2 64.5 73.3 lower summer season  Significant improvement of adj. EBITDA

22. Slide 22: Home24

    Home24 Q3 Q3 9M 9M EURm 2015 2016(2) 2015 2016(2) Key Performance Drivers Net Revenue 54.7 54.3 172.3 177.8 Financial % Growth YoY (0.6%) 3.2%  YoY net revenue growth of 6% in 9M 2016 on a constant FX basis, with Q2 and Q3 part of traditionally lower summer season Gross Profit 20.3 22.9 63.8 72.2 

23. Slide 23: RISE Group Q3 2016 Results

    4) ROCKETINTERNET RISE Group O3 2016 Results

24. Slide 24: 9M 2016 Results Rocket Internet SE Consolidated IFRS Income Statement

    9M 2016 Results Rocket Internet SE Consolidated IFRS Income Statement EURm 9M 2015 9M 2016 Revenue dropped sharply due to deconsolidations in Q3 2015 (Kanui EUR 32m and Tricae EUR 30m) and sale of Revenue 111.9 39.5 La Nevera Roja and Pizzabo in H1 2016. Internally produced and capitalized assets 3.

25. Slide 25: 9M 2016 Results Rocket Internet SE Consolidated IFRS Balance Sheet

    9M 2016 Results Rocket Internet SE Consolidated IFRS Balance Sheet Assets Dec 31 Sep 30 Equity and liabilities Dec 31 Sep 30 EURm 2015 2016 EURm 2015 2016 Non-current assets Equity Property, plant and equipment 2.8 3.4 Subscribed capital 165.1 165.1 Intangible assets 129.1 11.8 Capital reserves 3,10

26. Slide 26: Strong Cash Reserves

    Strong Cash Reserves Cash at Operating Companies Gross Cash at Rocket Internet SE as of Oct 31st 2016 as of Oct 31st 2016 ca. EUR 1.1b (Selected Companies and Regional Internet EUR 1.6b Groups1) Note: (1) Selected Companies include: HelloFresh, Delivery Hero (as of Sep 30th), foodpanda, Global Fashi

27. Slide 27: Summary Remarks

    4) ROCKETINTERNET Summary Remarks

28. Slide 28: Financial Calendar

    Financial Calendar Date Event Thursday, April 27, 2017 FY 2016 Results for Rocket Internet SE & Selected Companies Wednesday, May 31, 2017 Q1 2017 Results for Rocket Internet SE & Selected Companies Friday, June 2, 2017 FY 2016 Rocket Internet SE Annual General Meeting Thursday, September 28, 2017 H

29. Slide 29: Rocket Internet

    ROCKETINTERNET G

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