Slide 1: 1Q 2018 Earnings Results
1Q 2018 Earnings Results May 29, 2018
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: 1Q 2018 Financial and Operating Highlights
1Q 2018 Financial and Operating Highlights Financial Product Financial Service Users Discovery and Recommendation Providers 12.1 MM Loan Applications2 82 MM+ 2,500+ 260K+ 1.5 MM Financial Financial Average MAU1 Credit Card Service Products2 Volume2,3 Providers2 145% 91% Revenue 350+ YoY Growth2 Mobi
Slide 4: Quarterly Key Operating Metrics
Quarterly Key Operating Metrics Number of Loan Applications1 Credit Card Volume2 In Million In Million +21% +400% YoY YoY 12.1 10.0 1.5 0.3 Q1 2017 Q1 2018 Q1 2017 Q1 2018 1 Refers to the number of loan applications which users had submitted via our platform resulting from our loan recommendation se
Slide 5: Quarterly Revenue & Gross Profit and Gross Margin
Quarterly Revenue & Gross Profit and Gross Margin Total Revenue Breakdown Gross Profit and Gross Margin In Million +145% +139% YoY YoY 87.3% 85.3% 286.4 119.9 160.1 109.3 Q1 2017 Q1 2018 Q1 2017 Q1 2018 , Gross Profit (RMB mm) Gross Margin (%) 5
Slide 6: Adjusted Quarterly Operating Expenses
Adjusted Quarterly Operating Expenses Research and Development General and Administrative Sales and Marketing Expenses Expenses Expenses RMB MM RMB MM RMB MM 89.6% 15.4% 2.5% 2.7% 77.0% 12.4% 258.3 41.6 123.0 21.1 9.1 3.4 Q1 2017 Q1 2018 Q1 2017 Q1 2018 Q1 2017 Q1 2018 % of Total Revenues % of Total
Slide 7: Quarterly Net Income and Adjusted Net Income
Quarterly Net Income and Adjusted Net Income Net Income Adjusted Net Income1 RMB MM % RMB MM % (5.9)% (31.6) (19.8) (17.0)% (30.9) (23.0)% (22.5)% (57.1) Q1 2017 Q1 2018 Q1 2017 Q1 2018 Net Income % of Total Revenues Adjusted Net Income % of Total Revenues 1 Non-GAAP basis; excluding stock-based com
Slide 8: Appendix
Appendix 8
Slide 9: Selected Unaudited Income Statement Data
Selected Unaudited Income Statement Data For the Three Months Ended March 31, 2017 2018 2018 (in Millions) (RMB) (RMB) (USD) Revenues: Loan Recommendation Services 109.3 160.1 25.5 Credit Cards Recommendation Services 15.8 129.2 20.6 Total Recommendation Services 125.2 289.3 46.1 Advertising, Market
Slide 10: Selected Unaudited Balance Sheet Data
Selected Unaudited Balance Sheet Data As of 31 Dec 2017 As of 31 Mar 2018 As of 31 Mar 2018 (in Millions) (RMB) (RMB) (USD) Current Assets: - Cash and Cash Equivalents 1,543.8 1,396.9 222.7 - Restricted time deposits - 109.4 17.4 - Net Accounts Receivable 182.1 267.9 42.7 - Prepayments and Other Cur