Delivery Hero SE · XETR:DHER
Delivery Hero — Corporate Update (March 2021)
14 slides from Delivery Hero's corporate update, Mar 16, 2021
Slide 1: Delivery Hero, 16 March 2021
od Hero E] 16 March 2021
Slide 2: Always delivering an amazing experience – Fast and easy to your door
Always delivering an amazing experience – Fast and easy to your door Enjoy the food you desire at any place you want 2
Slide 3: Woowa deal timeline: announcement, KFTC approval, closing, 2020 update
December 19 Deal was announced with a valuation of US$4.0bn (or €3.6bn) for 100% of Woowa on a cash and debt free basis Announcement of the deal Payment was agreed to consist of appr. €1.7bn in cash and a fixed number of appr. 40m DH shares 13 November 2020: Received 1st KFTC examiners report Januar
Slide 4: FY 2020 pro forma orders, GMV and gross revenues
Orders (m) GMV (€m) Gross Revenues (€m) 2,033m 24,002m 3,755m FY 2020 PRO FORMA FY 2020 PF GROSS FY 2020 PF TOTAL GROSS ORDERS MERCHANDISE VALUE REVENUES 7,543 +76% 1,226 6,375 +95% +72% 1,015 648 5,348 +100% 293 +90% +66% 3,683 558 4,736 822 +92% +61% 3,019 238 +98% 443 225 692 2,580 +93% 209 +84%
Slide 5: Woowa Group Overview – Business Overview
Woowa Group Overview Business Overview
Slide 6: Woowa Group founded in 2011 in South Korea
• Woowa Group was founded in 2011 in South Korea by Bongjin Kim and other co-founders • It has more than 1,100 employees in HQ (approximately 1,700 employees including affiliates) • The Group is currently active in South Korea, Vietnam (launched in 2019) and Japan (launched end of 2020) Bongjin Kim
Slide 7: Woowa Group orders, GMV, gross revenues and EBITDA
Gross Orders (m) GMV (€m) EBITDA (€m) Revenues (€m) +78% +73% 11,641 +108% Achieved strong growth during 2020, with all business lines contributing to the performance +102% 918 +75% Returned to positive 2020 EBITDA, heavily impacted by €141m of losses in Food Delivery 729 6,726 Overseas, B-Marts and
Slide 8: Woowa Group Overview – Business Overview
Woowa Group Overview Business Overview
Slide 9: South Korea results
Gross Orders (m) GMV (€m) EBITDA (€m) Revenues (€m) +76% +71% Significant improvement in profitability with 11,397 EBITDA/GMV margin increasing to 1.4% in 2020 (2019: 0.5%) +82% Q4 2020 order numbers increased by 74% YoY, +77% growing significantly faster than the market +67% 6,662 719 683 Own deliv
Slide 10: Monthly active users and order frequency (Seoul)
Monthly Active Users (Seoul) Monthly Average Order Frequency per Active User (Seoul) Touch order diners only Touch order diners only 5.6 4.9 5.0 4.6 4.8 4.2 4.0 3.9 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Total Diners Frequency
Slide 11: Food Delivery Overseas: Vietnam and Japan
Gross Orders (m) GMV (€m) EBITDA (€m) Revenues (€m) Vietnam started in 2019, currently active in the two largest cities (Ho Chi Minh and Hanoi) and reached #2 position nationwide within 1.5 years 66 Introduced new verticals in Vietnam (i.e. online grocery and stationery services) Launched operations
Slide 12: B-Mart and other businesses
Gross Orders (m) GMV (€m) EBITDA (€m) Revenues (€m) After an initial soft launch of B-Marts1 operations, 190 business was fully promoted since Q4 2019 178 As operations are still focused on gaining scale, gross margins are still negative Added 16 B-Marts in 2020, with a total 32 B- 11 2019 2020 Mart
Slide 13: Appendix
Appendix
Slide 14: Impairment Update and Long Term Incentive Plan
Impairment Update The expected goodwill impairment, that so far was expected to amount to up to €1.4bn (as published on February 3, 2021), is now expected to be significantly lower than this as a result of, among other things, the Delivery Hero share price development. Long Term Incentive Plan In co