Jianpu Technology Inc · OTC:AIJTY
Jianpu Technology — Q3 2019 Earnings Presentation
14 slides from Jianpu Technology's earnings presentation, Dec 9, 2019
Slide 1: 3Q 2019 Earnings Results
3Q 2019 Earnings Results December 9, 2019
Slide 2: Safe Harbor Statement and Disclaimer
Safe Harbor Statement and Disclaimer This presentation contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act
Slide 3: Q3 2019 Financial and Operating Highlights
Q3 2019 Financial and Operating Highlights Financial Product Financial Service Users Discovery and Recommendation Providers 5.3 MM Loan Applications2 ~ 50 MM 1900+ ~200K 1.8 MM Financial Financial Average MAU1 Credit Card Service Products2 Volume2,3 Providers2 323.5 MM 92% Revenue1 350+ Mobile Traff
Slide 4: Key Operating Metrics: Credit Card Volume
Quarterly And Nine Months Key Operating Metrics Credit Card Volume1 In mm The average fee per credit card 109.2 108.1 106.1 101.3 5.0 4.6 1.7 1.8 Q3 2018 Q3 2019 9M 2018 9M 2019 1 Refers to the number of credit cards which we generate revenues from recommendation services 4 4
Slide 5: Key Operating Metrics: Number of Loan Applications
Quarterly And Nine Months Key Operating Metrics Number of Loan Applications1 In mm The average fee per loan application 17.1 17.7 14.5 13.9 46.6 35.4 13.3 5.3 Q3 2018 Q3 2019 9M 2018 9M 2019 1 Refers to the number of loan applications which users had submitted via our platform resulting from our loa
Slide 6: Total Revenue Breakdown
Quarterly and Nine Months Total Revenue Breakdown Total Revenue Breakdown RMB mm 1,340.6 1,269.7 +5.6% 172.9 162.6 461.8 541.4 -27.1% 443.7 66.9 323.5 37.6 645.3 626.3 183.5 195.6 193.3 90.3 Q3 2018 Q3 2019 9M 2018 9M 2019 Loan Credit Cards Advertising, Marketing and Other Services 6 6
Slide 7: Gross Profit and Gross Margin
Quarterly And Nine Months Gross Profit and Gross Margin Gross Profit and Gross Margin RMB mm Gross Margin (%) 89.3% 91.7% 92.0% 87.7% 1,233.3 1,114.0 +10.7% -25.2% 396.4 296.5 Q3 2018 Q3 2019 9M 2018 9M 2019 7 7
Slide 8: Adjusted Sales and Marketing Expenses
Quarterly And Nine Months Adjusted Sales and Marketing Expenses Adjusted Sales and Marketing Expenses1 RMB mm +7.0% 1,085.0 1,014.3 -4.5% 338.7 323.4 Q3 2018 Q3 2019 9M 2018 9M 2019 1 Non-GAAP basis; excluding stock-based compensation expense. 8 8
Slide 9: Adjusted Research and Development Expenses
Quarterly And Nine Months Adjusted Research and Development Expenses Adjusted Research and Development Expenses1 RMB mm 208.7 +41.7% 147.3 +6.1% 59.0 62.6 Q3 2018 Q3 2019 9M 2018 9M 2019 1 Non-GAAP basis; excluding stock-based compensation expense. 9 9
Slide 10: Adjusted General and Administrative Expenses
Quarterly And Nine Months Adjusted General and Administrative Expenses Adjusted General and Administrative Expenses1 RMB mm 71.1 +62.3% 43.8 +3.6% 19.6 20.3 Q3 2018 Q3 2019 9M 2018 9M 2019 1 Non-GAAP basis; excluding stock-based compensation expenses. 10 10
Slide 11: Net Loss and Adjusted Net Loss
Quarterly And Nine Months Net loss and Adjusted Net loss Net Loss and Adjusted Net Loss1 RMB mm (19.8) (53.5) (68.1) (100.7) (110.2) (171.7) (352.5) (418.7) Q3 2018 Q3 2019 9M 2018 9M 2019 Net Loss Adjusted Net Loss 1 Non-GAAP basis; excluding stock-based compensation expense, and impairment loss. 1
Slide 12: Appendix
Appendix 12 12
Slide 13: Consolidated Balance Sheet Data
Consolidated Balance Sheet Data As of 31 December 31 2018 As of 30 September 2019 As of 30 September 2019 (in Millions) (RMB) (RMB) (USD) Current Assets: - Cash and cash equivalents 1,270.0 806.7 112.9 - Restricted cash and time deposits 142.4 293.6 - - Short-term investments 78.5 - 41.1 - Accounts
Slide 14: Unaudited Income Statement Data
Unaudited Income Statement Data For the Three Months Ended September 30, 2018 2019 2019 (in Millions) (RMB) (RMB) (USD) Revenues: Recommendation Services: Loans 193.3 90.3 12.6 Credit Cards 183.5 195.6 27.4 Total Recommendation Services 376.8 285.9 40.0 Advertising, marketing and other services 66.9