Deliveroo — Q4 2022 Earnings Presentation
15 slides from Deliveroo's earnings presentation, Jan 19, 2023
Slide 1: Deliveroo 2022 Q4 Trading Update
Deliveroo 2022 Q4 Trading Update 19 January 2023 1
Slide 2: Definitions & Basis of Discussion
Definitions & Basis of Discussion References to profitability in this presentation are to adjusted EBITDA unless otherwise stated. Adjusted EBITDA represents loss for the year before income tax charge/credit, finance costs, finance income, depreciation and amortisation, exceptional costs, exceptional in
Slide 3: Overview | Key takeaways
Overview | Key takeaways H2 2022 adjusted EBITDA approximately breakeven for all operations (including 1 Australia and the Netherlands); adjusted EBITDA margin ~0% vs (3.2)% in H2 2021 Full year profitability ahead of guidance, with FY 2022 adjusted EBITDA margin now 2 expected to be around (1.0)% fo
Slide 4: Business highlights | Relentless focus on all sides of our marketplace drives performance
Business highlights | Relentless focus on all sides of our marketplace drives performance Highly engaged marketplace 2022 financial performance FY Orders: 299m +5% Consumers: YoY 7.4 million average monthly active consumers in Q4 20221 FY GTV: +7% £6.8bn YoY Riders: 83% global rider satisfaction2 acr
Slide 5: Group | Significant growth in orders and GTV over last 3 years
Group | Significant growth in orders and GTV over last 3 years Orders GTV m, global £m, global +138% +170% Q4 2022 YoY Growth in constant Q4 2022 currency YoY Growth 6% (2)% All operations Continuing operations All operations includes Australia and the Netherlands and excludes Germany, Taiwan and Spa
Slide 6: Group | Sequential growth in orders and GTV in Q4 2022 reflecting seasonality
Group | Sequential growth in orders and GTV in Q4 2022 reflecting seasonality Orders GTV m, global £m, global 19% 4% 2% (2)% 12% 3% 8% 6% x% Year-on-year growth Continuing operations. GTV growth rates are shown at constant currency. 6
Slide 7: Group | Continued GTV per order growth driven by inflation and consumer fee optimisation
Group | Continued GTV per order growth driven by inflation and consumer fee optimisation x% Year-on-year growth in constant currency GTV per order* (6)% (1)% 6% 8% YoY GTV per order £, global £, global 3% 8% Currency Constant Effect Currency Continuing operations (except 2020 numbers, which have not
Slide 8: Segment GTV | Q4 GTV grew both sequentially and year-on-year across both UKI and International
Segment GTV | Q4 GTV grew both sequentially and year-on-year across both UKI and International UKI GTV International GTV £m £m 12% 4% 11% 9% 11% 2% 4% 2% x% Year-on-year growth Continuing operations. GTV growth rates are shown at constant currency. 8
Slide 9: Profitability | Significant progress on profitability during 2022
Profitability | Significant progress on profitability during 2022 8.5% Gross Profit Revenue levers 7.8% Margin ● Increase AOV (eg by upselling) (% of GTV) ● Optimise consumer pricing 7.2% ● Develop high quality advertising model 2021 2022 ~0% Cost of sales levers ● Reduce ‘rider experience time’ (eg wai
Slide 10: FY 2022 Overview | Performance versus guidance
FY 2022 Overview | Performance versus guidance 2022 2022 Guidance* Actual for continuing GTV 7% operations growth 4 - 8% in constant for currency 5% all operations Adjusted EBITDA ~(1.0)% margin (1.2) - (1.5)% for all operations % of GTV * Provided on 21 October 2022 on an all operations basis 10
Slide 11: Summary | Key takeaways
Summary | Key takeaways H2 2022 adjusted EBITDA approximately breakeven for all operations (including 1 Australia and the Netherlands); adjusted EBITDA margin ~0% vs (3.2)% in H2 2021 Full year profitability ahead of guidance, with FY 2022 adjusted EBITDA margin now 2 expected to be around (1.0)% for
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Slide 13: Appendix
Appendix 13
Slide 14: Group | Sequential growth in average monthly active consumers in Q4 2022 reflecting seasonality
Group | Sequential growth in average monthly active consumers in Q4 2022 reflecting seasonality Average monthly active consumers Average monthly order frequency m, global #, global 15% 5% 4% (1)% x% Year-on-year growth Continuing operations. Monthly active consumers: the number of individual consumer
Slide 15: Disclaimer
Disclaimer This presentation may include forward-looking statements, which are based on current expectations and projections about future events. These statements may include, without limitation, any statements preceded by, followed by or including words such as "target", "believe", "expect", "aim",