Rocket Internet Se · HAM:RKET

Rocket Internet — Q1 2016 Earnings Presentation

26 slides from Rocket Internet's earnings presentation, May 31, 2016

  1. Slide 1: Q1 2016 Selected Portfolio Companies Update

    Q1 2016 Selected Portfolio Companies Update 31 MAY 2016

  2. Slide 2: Disclaimer

    Disclaimer This document is being presented solely for informational purposes and should not be treated as giving investment advice. It is not intended to be (and should not be used as) the sole basis of any analysis or other evaluation. All and any evaluations or assessments stated herein represent

  3. Slide 3: Agenda

    Agenda Topic Presenter Peter Kimpel 1 Q1 2016 Financial Results CFO Rocket Internet Oliver Samwer 2 Summary Remarks CEO Rocket Internet 2

  4. Slide 4: Financial Results Q1 2016

    4) ROCKETINTERNET Financial Results Q1 2016

  5. Slide 5: Rocket Internet at a Glance

    Rocket Internet at a Glance Q1 2015 Q1 2016 Improvement (EUR bn) Aggregate 0.61 0.82 GMV YoY Growth: 36% 1 Q1 2015 Q1 2016 1 (EUR bn) Aggregate 0.40 0.53 Net Revenue YoY Growth: 34% Q1 20151 Q1 2016 1 (EUR bn) Aggregate Adj. EBITDA (0.18) (0.14) YoY Reduction: EUR 41m / 23% 2 2 Q1 2015 Q1 2016 (%) A

  6. Slide 6: Continued Increase in Net Revenue

    Continued Increase in Net Revenue EURm 47 (22) 9 532 100 398 Q1 2015 Food & Groceries Fashion General Merchandise Home & Living Q1 2016 Source: Respective company’s unaudited consolidated financial statements based on IFRS and management reports 5

  7. Slide 7: Continued Revenue Growth

    Continued Revenue Growth Net Revenue Growth Q1 2015 – Q1 2016 211% 74% 78% 34% 26% 25% 22% 14% 14% 9% 7% (37%) (51%) Overall weighted average Food & (1) General Home Groceries Fashion Merchandise & Living Source: Respective company’s unaudited consolidated financial statements based on IFRS and mana

  8. Slide 8: EBITDA Margins Improving Significantly

    EBITDA Margins Improving Significantly Average Average (37%) (22%) Adj. EBITDA Margin Q1 2015 (1) (16%) Adj. EBITDA Margin Q1 2016 (19%) (2) (39%) (17%) (41%) (23%) Adj. EBITDA margin (21%) percentage point (20%) improvement (44%) (19%) (Q1 2016 / Q1 2015) (4%) (2%) 15.6pp (49%) (30%) (57%) (37%) (2

  9. Slide 9: Losses Reduced as Companies Scale

    Losses Reduced as Companies Scale Margin +25pp +22pp +17pp +14pp +11pp +9pp -3pp +15.6pp Improvement (2) (2) (2) (1) Total EURm (6) (7) (10) (13) (13) (19) (17) (18) (19) (20) (25) (27) (54) (74) (140) Adj. EBITDA Q1 2015 in EURm Adj. EBITDA Q1 2016 in EURm Adj. EBITDA margin percentage point (181)

  10. Slide 10: HelloFresh

    HelloFresh FY FY Q1 Q1 EURm 2014 2015 2015 2016 Key Performance Drivers Net Revenue 69.6 305.0 45.4 141.4 Financial  Continued robust revenue growth across all geographies % Growth 338.0% 211.3%  Especially US and UK with a strong start to the year  Q1 run rate already at approx. EUR 566m Adj. EB

  11. Slide 11: Delivery Hero on Continued Growth Path in Q1 2016

    Delivery Hero on Continued Growth Path in Q1 2016 Orders (m) GMV (EURm) Revenue (EURm) 112 1,631 200 +139% +93% +91% 39 41 657 88 571 72 17 295 38 2014A 2015A Q1 '15 Q1 '16 2014A 2015A Q1 '15 Q1 '16 2014A 2015A Q1 '15 Q1 '16 Source: Unaudited Delivery Hero information (management accounts) from stat

  12. Slide 12: Foodpanda

    Foodpanda FY FY Q1 Q1 EURm 2014 2015 2015 2016 Key Performance Drivers GMV 116.7 266.4 48.4 76.0 Financial  Significant net revenue growth in Q1 2016 (+74% compared to Q1 % YoY Growth 128.3% 57.2% 2015) driven by:  strong order growth across key markets Net Revenue 6.7 31.5 5.7 10.0  continuous c

  13. Slide 13: Global Fashion Group

    Global Fashion Group Q1 2016 Net revenue EURm (1) 229.5 54.3 51.6 57.2 32.7 32.6 Source: Respective company’s unaudited consolidated financial statements based on IFRS and management reports (1) GFG consolidated net revenue. Differences relative to sum-of-the-parts are due to eliminations, holding a

  14. Slide 14: GFG

    GFG FY FY Q1 Q1 EURm 2014(3) 2015(4) 2015(4) 2016(4) Key Performance Drivers Net Revenue 627.5 930.1 182.6 229.5 Financial % Growth 48.2% 25.7%  Despite challenging macroeconomic environment in some of GFG’s regions, strong net revenue and GMV growth on local currency basis Gross Profit 186.3 318.5

  15. Slide 15: Lamoda

    Lamoda FY FY Q1 Q1 EURm 2014 2015 2015 2016 Key Performance Drivers Net Revenue 186.2 235.2 45.2 51.6 Financial  Continued net revenue growth of 14.1% from Q1 2015 to Q1 2016 % Growth 26.3% 14.1% whilst on RUB basis net revenue increased by more than 32% YoY Gross Profit 76.0 96.5 19.2 18.4  Gross

  16. Slide 16: Dafiti

    Dafiti FY FY Q1 Q1 EURm 2014 2015(3) 2015(4) 2016(4) Key Performance Drivers Net Revenue 189.8 254.4 45.8 57.2 Financial  Strong revenue growth, driven by the acquisition of Kanui and Tricae % Growth 34.0% 24.7%  Whilst EUR net revenue growth was ca. 25%, on BRL basis net Gross Profit 71.3 99.0 15

  17. Slide 17: Namshi

    Namshi FY FY Q1 Q1 EURm 2014 2015 2015 2016(2) Key Performance Drivers Net Revenue 34.4 107.8 18.4 32.7 Financial  Continued strong net revenue growth of 78% and of 74% on AED % Growth 213.7% 77.6% basis from Q1 2015 to Q1 2016 Gross Profit 18.7 58.3 9.8 17.0  Gross margin declined to 52% resultin

  18. Slide 18: Zalora

    Zalora FY FY Q1 Q1 EURm 2014 2015 2015 2016(2) Key Performance Drivers Net Revenue 117.2 208.0 44.3 54.3 Financial 22.4%  GMV and net revenue growth of 47.2% and 22.4% respectively from % Growth 77.5% Q1 2015 to Q1 2016 Gross Profit 40.0 72.8 15.0 22.5  Gross margin improved 7.6pp, despite continu

  19. Slide 19: Jabong

    Jabong FY FY Q1 Q1 EURm 2014 2015 2015 2016 Key Performance Drivers Net Revenue 100.1 122.1 28.6 32.6 Financial  Net revenue growth of 14%. On INR basis growth of 21.8% from Q1 % Growth 22.0% 14.0% 2015 to Q1 2016  Gross margin at break-even with improving intake margins and Gross Profit (19.7) (6

  20. Slide 20: Jumia

    Jumia FY FY Q1 Q1 EURm 2014 2015 2015 2016 Key Performance Drivers GMV 94.5 288.7 56.1 51.6 Financial % Growth 205.6% (8.0%)  GMV and net revenue negatively impacted by challenging macro- economic environment in Nigeria – the largest country of Jumia in Net Revenue 61.8 134.6 33.0 20.9 terms of GMV

  21. Slide 21: Linio

    Linio FY FY Q1 Q1 EURm 2014 2015 2015 2016 Key Performance Drivers GMV 127.4 183.8 44.2 32.2 Financial % Growth 44.2% (27.3%)  27% GMV decline in Q1 2016 vs Q1 2015 due to FX depreciation of 14% and a mix of lower ticket value (FX pressure on high value items Net Revenue 61.6 67.4 20.0 9.8 reducing

  22. Slide 22: Westwing

    Westwing FY FY Q1 Q1 EURm 2014 2015 2015 2016 Key Performance Drivers Net Revenue 183.3 219.2 51.8 56.6 Financial % Growth 19.6% 9.1%  At constant FX, net revenue growth of 14% from Q1 2015 to Q1 2016 vs 9.1% on a EUR basis Gross Profit 79.3 92.6 20.9 24.8  Significant improvement in EBITDA margin

  23. Slide 23: Home24

    Home24 FY FY Q1 Q1 EURm 2014 2015 2015 2016(2) Key Performance Drivers Net Revenue 160.1 233.7 59.8 63.8 Financial % Growth 45.9% 6.8%  Reduction in net revenue growth in Q1 2016 as result of strategic focus on path to profitability Gross Profit 58.9 89.5 21.4 27.6  Improvements in gross profit fr

  24. Slide 24: Summary Remarks

    4) ROCKETINTERNET Summary Remarks

  25. Slide 25: Evolution of Strategic Focus

    Evolution of Strategic Focus 2016 2015 Investment 2014 & Investment Profitability Investment & Improvement & Scale Roll Out 24

  26. Slide 26: ROCKETINTERNET

    ROCKETINTERNET G

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