Grab Holdings Limited · NASDAQ:GRAB

Grab — Q3 2023 Earnings Presentation

24 slides from Grab's earnings presentation, Nov 9, 2023

  1. Slide 1: Q3 2023 Earnings Call

    Q3 2023 Earnings Call November 2023

  2. Slide 2: Disclaimer: Forward-Looking Statements

    Disclaimer Forward-Looking Statements This document and the announced investor webcast contain “forward-looking statements" within the meaning of the “safe harbor” provisions of the US. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact containe

  3. Slide 3: Disclaimer

    Disclaimer This document and the investor webcast also includes “PreinterCo” data that does not reflect elimination of intragroup transactions, which means such data includes earnings and other amounts from transactions between entities within the Grab group that are eliminated upon consolidation. S

  4. Slide 4: Business Update, Financial Results, Outlook, Non-IFRS Reconciliation

    Business Update Financial Results Outlook Non-IFRS Reconciliation

  5. Slide 5: 5

    5

  6. Slide 6: Q3 2023 Financial Highlights

    IN Q3 2023 Financial Highlights Mobility and Deliveries Gross Merchandise Value?) +61% +14% $29M YoY YoY Revenue) Group Adjusted EBITDA‘) +62% YoY Constant Currency(*) +14% YoY Constant Currency) Improved by +$190M YoY

  7. Slide 7: Deliveries GMV grew to an all-time-high in Q3

    Business Update Deliveries GMV grew to an all-time-high in Q3 °. . Segment Adjusted Deliveries GMV™ EBITDA Margin %) (Quarterly, $ million) (2.2)% (1.4)% 0.4% 2.0% 2.6% 27% 3.4% ,Smillion) ROR OA 20 20% 2TH BA 2,608 2,562 2,573 Deliveries GMV grew +3% QoQ (CC!) to hit a new all- 2,476 2.439 time-hig

  8. Slide 8: Improving our Deliveries batching efficiency

    Business Update Improving our Deliveries batching efficiency We focused on improving «..to enhance affordability ..While increasing earnings batching rates... for our users... for our drivers Proportion of Deliveries Lower Average delivery fee Increase in Earnings per Transit hour!?) orders that are

  9. Slide 9: Improving platform efficiency

    Business Update Improving platform efficiency Continued efficiency improvements... .. enhances productivity of our driver-partners 7 2 % Reduction in Driver Wait Time at 8 % Increase in Driver Earnings per © Merchants‘) (Q3 2023, YoY%) (°] Transit Hour (3) (Q3 2023, YoY%) 2 43 Bps reduction in % of

  10. Slide 10: Continued growth in our lending business

    Business Update Continued growth in our lending business Total Loan Disbursements +52% YoY (Year-to-date from January to September, $ million) _-~¢ 054 . . 696 Loan disbursals grew, attributed to ecosystem lending from GrabFin and higher lending volumes from GXS Bank 9M 20 9M 21 9M 22 9M 23

  11. Slide 11: Achieved positive Adjusted EBITDA in Q3

    Business Update Achieved positive Adjusted EBITDA in Q3 Group Adjusted EBITDA.) (InSmillion) 37 Q3 2022 Group Mobility Deliveries Financial Services Enterprise &New — Regional Corporate Q3 2023 Group Adjusted EBITDA Initiatives Costs Adjusted EBITDA

  12. Slide 12: Financial Results

    Financial Financial Results Results 12

  13. Slide 13: Q3 2023 Results: Consolidated group

    Q3 2023 Results Consolidated group YoY% Change Q3 20230) Q3 202% YoY% Change = (Constant Q3 2023) Q3 2022) Currency) $ in millions, unless otherwise stated % of GMV Operating Metrics GMV®) 5,341 5,080 5% 6% - - On-Demand GMV“) 4,015 3,525 14% 14% - - MTU®) (millions of users) 36.0 33.5 7% - - - GMV

  14. Slide 14: Segment Adjusted EBITDA to IFRS Net Loss

    Q3 2023 Results Segment Adjusted EBITDA to IFRS Net Loss Q3 2023) Q3 2022) $ in millions, unless otherwise stated Total Segment Adjusted EBITDA(®) (non-IFRS) 221 47 Regional Corporate Costs®) (192) (208) Adjusted EBITDA(4®) (non-IFRS) 29 (161) Nom-cash expenses (125) (166) Cash expenses (3) (15) Los

  15. Slide 15: Net Cash Liquidity

    Q3 2023 Results Net Cash Liquidity As of Sep 30, As of Jun As of Mar 31, As of 2023) 2023) 2023) 2022) $ in millions, unless otherwise stated Cash & cash equivalents 3,018 2,282 2,351 1,952 Add: Other Long-term Investments B7 135 129 123 Add: Time deposits 2,039 2,534 2,585 3,693 Add: Cash investmen

  16. Slide 16: Q3 2023 Results: Deliveries

    Q3 2023 Results Deliveries Revenue) Gross Merchandise Value) Segment Adjusted EBITDA®) % GMV?) 0.4% 3.4% 306 2,608 = --------------------------------------- +79% YOY STR NON +82% YoY (CC®) 2,439 8% Yov(co®) (88 +917% YoY 171 9 Q3 2022 Q3 2023 Q3 2022 Q3 2023 Q3 2022 Q3 2023 Note: 1, Deliveries Reven

  17. Slide 17: Q3 2023 Results: Mobility

    Q3 2023 Results Mobility Revenue Gross Merchandise Value Segment Adjusted EBITDA?) % GMV 12.5% 12.8% 231 14070 MMe +31% YoY +30% YoY +31% YoY (CC3)) +30% YoY (CC3)) 180 176 +33% YoY 1,086 135 Q3 2022 Q3 2023 Q3 2022 Q3 2023 Q3 2022 Q3 2023 Merchandise Value isan operating metri nent Adjusted EBITDA

  18. Slide 18: Q3 2023 Results: Financial Services

    @3 2023 Results Financial Services Total Payments Volume Revenue (Pre-Interco)™ Segment Adjusted EBITDA?) 3,889 %TPVO (2.7)% (17% H%YOY nnn nner ncn snc ne sccernne 50 3,833 ox voy cc +156% YoY +156% YoY (CC3)) 20 (68) +US$37M 1,507 1,275 (105) Q3 2022 Q3 2023 Q3 2022 Q3 2023 Q3 2022 Q3 2023 mOff-Gr

  19. Slide 19: Q3 2023 Results: Enterprise and New Initiatives

    Q3 2023 Results Enterprise and New Initiatives Revenue Gross Merchandise Value Segment Adjusted EBITDA?) 28 % 1) % )% +83% YoY 50 “omy 108% oon nn nee aro ee +84% YoY (CC) AK YOY +4% Yo 48 sx yor (cc) 21 +160% YoY Q3 2022 Q3 2023 Q3 2022 Q3 2023 Q3 2022 Q3 2023 ue fs an operating metric representin

  20. Slide 20: Q3 2023 Results: Incentives

    @3 2023 Results Incentives $ In millions Base Excess Consumer Total Base Excess Consumer Total Incentives” —_Incentives”)_Incentives® Incentives Incentives Incentives?) _Incentives®) Incentives Deliveries 16.8 92.8 145.7 255.3 19.3 130.8 197.0 3471 Mobility 51.8 3.8 46.3 101.8 42.2 6.8 26.2 75.2 Fin

  21. Slide 21: 21

    21

  22. Slide 22: Outlook for 2023

    Outlook Outlook for 2023 $2.31B - $2.33B 61% - 63% YoY 2023 Revenue (Previous: $2.20-2.30B 54% - 60% YoY) . $(20M) - $(25M) 2023 Group Adjusted EBITDA” (Previous: $(30M) - $(40M))

  23. Slide 23: 23

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  24. Slide 24: Adjusted EBITDA to IFRS Loss for the Period Reconciliation

    Adjusted EBITDA to IFRS Loss for the Period Reconciliation Three months ended Nine months ended Net interest (income) / expenses (31) 7 (62) 52 Net other expenses / (income) nR 3 7 (1) Income tax expenses 16 4 2 7 Depreciation and amortization 37 38 108 no Share-based compensation expenses 70 90 238

Grab Holdings — Q3 2023 Earnings Presentation on 6ix