Slide 1: NASPERS: Financial Results for 31 March 2021
NASPERS: Financial Results for 31 March 2021
Slide 2: Voluntary exchange offer to unlock substantial value for shareholders
Voluntary exchange offer to unlock substantial value for shareholders Prosus’s portfolio of unique fast growing business and investments The Path to Value Creation Public Private Naspers shareholders will benefit And many 1 from improved long-term others returns lead by Prosus’s lower discount enhan
Slide 3: Prosus: Growth accelerated and all financial metrics improved in 2021
Prosus: Growth accelerated and all financial metrics improved in 2021 FY20 FY21 Group Revenue growth1 23% 33% Ecommerce Revenue growth1 33% 54% Trading Profit growth1 16% 44% Free Cash flow (US$338m) US$126m Core HE growth2 13% 39% 1 Reported on an economic-interest basis, i.e. equity-accounted inve
Slide 4: Leading positions in South Africa
Leading positions in South Africa EARLY-STAGE A leading A lifeline for R1.4BN SA’s most trusted TECH RESTAURANTS during digital news brand – INVESTMENT RETAILER Covid VEHICLE 2X LAST YEAR’S 13M 4 INVESTMENTS DAILY PAGE ORDER VOLUME VIEWS SINCE 2019 LAUNCH >4 000 EMPLOYEES 10 000 DRIVERS R13.8M DRIVE
Slide 5: Takealot: Strong and accelerated growth
Takealot: Strong and accelerated growth GMV (US$m)1 69% (84%) 1022 603 Etail Food Fashion FY20 FY21 Trading loss (US$m)1 Platform GMV Mr D GMV Superbalist GMV 84% (81%) +80% +117% +45% YoY YoY YoY (43) (7) FY20 FY21 1 Numbers in brackets represent year-on-year growth in local currency. 5
Slide 6: Media24: Impacted by Covid-19 lockdowns; Digitisation to drive growth
Media24: Impacted by Covid-19 lockdowns; Digitisation to drive growth Revenue (US$m)1 22% (19%) 272 211 FY20 FY21 South Africa’s leading Media Company NETWERK24 paywall Trading loss (US$m)1 subscriptions Online News +29% Newspapers to 77.5k YoY 8 Magazines NEWS24 digital (8) audience Books FY20 FY21
Slide 7: Boosting South Africa's tech ecosystem and driving the digital economy
Boosting South Africa’s tech ecosystem and driving the digital economy SweepSouth A global home services platform connecting homeowners and service providers, including domestic cleaners and outdoor services. R30m investment Aerobotics Agritech company providing tree crop health and yield intelligen
Slide 8: We are committed to South Africa's communities
We are committed to South Africa’s communities April 2020 December 2020 COVID-19 response IN PPE TO R1BN FRONTLINE HEALTH R1.5 WORKERS billion donated R500M Leveraging our relationship with Tencent DONATION 2 800m3 R6.9M NELSON MANDELA CHARTERED FLIGHTS OF FREIGHT FOUNDATION 25M UNITS (GLOVES, FACE
Slide 9: Creating digital skills and employment for South Africa's youth
Creating digital skills and employment for South Africa’s youth Highlights ✓ Nationally Scaled online learning ✓ Delivered Tech Industry Specific Certifications ✓ Enrolled 500 young people on our online R 123M invested to date digital skills programme ✓ 87% successfully completed accredited digital
Slide 10: Financial review
Financial review Naspers Foundry 10
Slide 11: Financial highlights
Financial highlights +32% +45% REVENUE TRADING PROFIT US$29.6bn US$5.6bn + 99% +39% FREE CASH CORE HE2 FLOW1 (US$4m) US$3.5bn 1 Mainly related to Naspers’s Covid-19 donation to South Africa, an outflow at Media24 and other corporate costs associated with establishing Naspers Foundry and other functi
Slide 12: Naspers composition
Naspers composition Revenue Adjusted EBITDA Trading profit FY21 FY20 FY21 FY20 FY21 FY20 Prosus Group 28 756 21 455 6 849 4 662 5 615 3 777 Takealot 606 393 8 (30) (7) (43) Media 211 272 (2) 15 (8) 8 Corporate and other 13 17 (35) (10) (64) (17) Economic interest 29 586 22 136 6 820 4 638 5 555 2 72
Slide 13: Core consolidated earnings reconciliation
Core consolidated earnings reconciliation Core headline earnings (US$m) FY21 FY20 Headline earnings from continuing operations 4 142 2 166 Equity-settled share-based payment expenses 382 494 Remeasurement of cash-settled share-based incentive expenses 648 Tax paid on cancellation of shares1 - 140 Am
Slide 14: Naspers balance sheet position
Naspers balance sheet position Current assets and liabilities (US$m) Net debt as at 31 March 2021: FY21 FY20 US$2.7bn Current assets 415 Inventory 397 260 Trade receivables 185 139 Other receivables and loans 1 900 542 Cash/short-term cash 5 197 8 363 investments Assets held for sale 8 208 Additiona
Slide 15: Naspers group portfolio
Naspers group portfolio Local SA assets 73% 100% 100% Ecommerce Social & internet platforms Payments & 29% Classifieds Food delivery Etail Edtech Ventures Fintech 100%1 100% 93% 80% 14% 21% 27% 100% 100% 62%2 42% 21% 16% 39% 72% 25% 40% 14% 40% 91% 40% 11% 17% 91% 100% 14% 9% 16% 79% 13% 38% 16% 19%
Slide 16: Important information
Important information Forward-looking statements This presentation contains statements about Prosus and/or Naspers that are, or may be, forward-looking statements. All statements (other than statements of historical fact) are, or may be deemed to be, forward-looking statements, including, without li
Slide 17: Important information
Important information Shareholders should note that the Prosus Board reserves the right, in its discretion, to decide not to proceed with the Proposed Transaction and, as such, the Proposed Transaction may or may not proceed. This presentation is for information purposes only and is not an offer to
Slide 18: Important information
Important information In member states of the European Economic Area (“EEA”) (each, a “Relevant Member State”) no action has been undertaken or will be undertaken to make an offer to the public of Securities requiring publication of a prospectus in any Relevant Member State. As a result, this presen
Slide 19: Important information
Important information Investors are advised to read the Transaction Documentation, which will contain the terms and conditions of the Proposed Transaction, with care and in full. Any decision to approve the resolutions required to implement the Proposed Transaction or analysis of and/or election in
Slide 20: Contact us
Contact us Eoin Ryan Head of Investor Relations InvestorRelations@naspers.com https://www.naspers.com