Grab Holdings Limited · NASDAQ:GRAB
Grab — Q1 2025 Earnings Presentation
26 slides from Grab's earnings presentation, Apr 29, 2025
Slide 1: Q1 2025 Earnings Supplemental Data
Grao : a ‘ Wi jae Q1 2025 Earnings Supplemental Fe Py Data fg April 2025
Slide 2: Disclaimer: Non-IFRS Financial Measures
Disclaimer Non-IFRS Financial Measures This document and the investor webcast include references to non-IFRS financial measures, which include: Adjusted EBITDA, Segment Adjusted EBITDA, Segment Adjusted EBITDA margin, Total Segment Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Free Cash Flow, ca
Slide 3: 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 U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contain
Slide 4: Agenda
1 Financial and Operational Highlights 2 Financial Results 3 Outlook 4 Non-IFRS Reconciliation 5 Appendix 44
Slide 5: Financial and Operational Highlights
Financial and Operational Highlights 5
Slide 6: Q1 2025 Financial Highlights
Q1 2025 Financial Highlights Revenue +18% YoY +18% YoY Constant Currency(3) On-Demand Gross Merchandise Value(1) +16% YoY +17% YoY Constant Currency(3) Group Adjusted EBITDA(2) $106M Profit for the Period was $10M Trailing 12-month Adjusted Free Cash Flow(2) $157M +$252M YoY Note: 1. For the definit
Slide 7: Product Highlights from Inaugural GrabX Event
Product Highlights from Inaugural GrabX Event New products to drive engagement and frequency Advanced Booking Grab For Family GrabFood For One Shared Saver (Airport Rides) Teens 7
Slide 8: New products to grow our addressable market
Financial and Operational Highlights New products to grow our addressable market Platform Transacting Users 119 million Annual Transacting Users DTUs(1) comprised 16% of Grab’s MTU(2) base in Q1 2025 88 million Annual Transacting Users New products expected to drive an 45 million acceleration in DTU
Slide 9: Expanding margins amid growth reacceleration
Financial and Operational Highlights Expanding margins amid growth reacceleration Group Adjusted EBITDA(1) Bridge (Adjusted EBITDA as a % Group Revenue) (3) 5 +34 bps YoY +278 bps YoY 21 Improving Driving cost +172 bps YoY monetization partially discipline and 21 offset by higher operating leverage
Slide 10: Financial Results
Financial Results 10
Slide 11: Q1 2025 Unaudited Results: Consolidated Group
Q1 2025 Unaudited Results Consolidated Group YoY% Change Q1 2025 Q1 2024 YoY% Change (Constant Currency(1)) $ in millions, unless otherwise stated Operating Metrics On-Demand GMV(2,3) 4,932 4,242 16% 17% On-Demand GMV per MTU ($) 122 123 (1)% (1)% Group MTU(2) (millions of users) 44.5 38.5 16% - Par
Slide 12: Q1 2025 Unaudited Results: Net Cash Liquidity
Q1 2025 Unaudited Results Net Cash Liquidity As of Mar 31, As of Dec 31, As of Sep 30, As of Jun 30, As of Mar 31, 2025 2024 2024 2024 2024 $ in millions, unless otherwise stated Cash & cash equivalents 2,828 2,964 2,885 2,447 2,113 Add: Other Long-term Investments 126 115 108 95 145 Add: Time depos
Slide 13: Q1 2025 Unaudited Results: Group Financials
Q1 2025 Unaudited Results Group Financials Revenue On-Demand GMV(1) Adjusted EBITDA(2) ($ in millions) ($ in millions) ($ in millions) 4,932 % Revenue 9.5% 13.7% 773 +16% YoY +18% YoY +18% YoY (CC(3)) +17% YoY (CC(3)) 106 4,242 +71% YoY 653 62 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Note: 1.
Slide 14: Q1 2025 Unaudited Results: Deliveries
Q1 2025 Unaudited Results Deliveries Revenue Gross Merchandise Value(1) Segment Adjusted EBITDA(2) ($ in millions) ($ in millions) ($ in millions) 415 3,129 % GMV(2) 1.6% 2.0% +18% YoY +16% YoY +17% YoY (CC(3)) +17% YoY (CC(3)) 63 350 2,695 +50% YoY 42 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Q1 2024 Q1 2025
Slide 15: Q1 2025 Unaudited Results: Mobility
Q1 2025 Unaudited Results Mobility Revenue Gross Merchandise Value(1) Segment Adjusted EBITDA(2) ($ in millions) ($ in millions) ($ in millions) 282 1,804 % GMV(2) 8.9% 8.8% +15% YoY +17% YoY +17% YoY (CC(3)) +15% YoY (CC(3)) 159 247 1,547 +16% YoY 138 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Q1 2024 Q1 2025
Slide 16: Q1 2025 Unaudited Results: Financial Services
Q1 2025 Unaudited Results Financial Services Revenue Loan Portfolio(1) Segment Adjusted EBITDA(2) ($ in millions) ($ in millions) ($ in millions) 75 +36% YoY 566 % Revenue (51.2)% (41.1)% +38% YoY (CC(3)) +56% YoY 55 363 (28) (30) -$3M Q1 2024 Q1 2025 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Note: 1. For the
Slide 17: Q1 2025 Unaudited Results: Incentives
Q1 2025 Unaudited Results Incentives Q1 2025 Q1 2024 Partner Consumer Partner Consumer $ In millions Total Incentives Total Incentives Incentives(1) Incentives(1) Incentives(1) Incentives(1) Deliveries 132.9 216.7 349.6 113.8 182.8 296.5 Mobility 82.0 65.0 147.0 62.9 52.3 115.2 Financial Services 0.
Slide 18: Outlook
Outlook 18
Slide 19: Outlook for 2025
Outlook Outlook for 2025 $3.33B - $3.40B 19% - 22% YoY 2025 Revenue (Constant currency) (Unchanged) $460M - $480M 47% - 53% YoY 2025 Group Adjusted EBITDA(1) (Previous: $440M - $470M 41% - 50% YoY) Note: 1. Adjusted EBITDA is a non-IFRS measure. For the definition of Group Adjusted EBITDA, see the s
Slide 20: Non-IFRS Reconciliation
Non-IFRS Reconciliation 20
Slide 21: Adjusted EBITDA to IFRS Profit/(Loss) for the Period Reconciliation
Adjusted EBITDA to IFRS Profit/(Loss) for the Period Reconciliation Three months ended March 31, 2025(1) 2024(1) $ in millions, unless otherwise stated Profit/(Loss) for the period 10 (115) Income tax expense 14 13 Share of (profit)/loss of equity-accounted investees (net of tax) (1) 4 Net finance (
Slide 22: Adjusted EBITDA to Total Segment Adjusted EBITDA Reconciliation
Adjusted EBITDA to Total Segment Adjusted EBITDA Reconciliation Three months ended March 31, 2025(1) 2024(1) $ in millions, unless otherwise stated Total Segment Adjusted EBITDA 192 153 Deliveries 63 42 Mobility 159 138 Financial Services (30) (28) Others * 1 Regional Corporate Costs (86) (91) Adjus
Slide 23: Adjusted Free Cash Flow to Net Cash from Operating Activities Reconciliation
Adjusted Free Cash Flow to Net Cash from Operating Activities Reconciliation Three months ended March 31, 2025(1) 2024(1) $ in millions, unless otherwise stated Net cash from/(used in) operating activities 73 (11) Less: Capital expenditures (35) (22) (2) Add: Proceeds from disposal of property, plan
Slide 24: Appendix
Appendix 24
Slide 25: Definition of Operating Metrics
Appendix Definition of Operating Metrics Gross Merchandise Value (GMV) is an operating metric representing the sum of the total dollar value of transactions from Grab’s products and services, including any applicable taxes, tips, tolls, surcharges and fees, over the period of measurement. GMV includ
Slide 26: Definition of Non-IFRS Financial Measures
Appendix Definition of Non-IFRS Financial Measures Adjusted EBITDA is calculated as profit (loss) for the period adjusted to exclude: (i) net finance income (costs), including interest income (expenses), foreign exchange gain (loss) and changes in fair value of financial assets and liabilities, (ii)