Grab Holdings Limited · NASDAQ:GRAB
Grab — SPAC Merger (September 2021)
39 slides from Grab's SPAC merger presentation, Sep 14, 2021
Slide 1: Filed by Grab Holdings Limited pursuant to Rule 425
Filed by Grab Holdings Limited Pursuant to Rule 425 under the Securities Act of 1933, as amended, and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934, as amended Subject Company: Altimeter Growth Corp. Commission File No.: 001-39573
Slide 2: Q2 2021 Earnings Call September 2021
1Q2 2021 Earnings Call September 2021
Slide 3: Forward-Looking Disclaimer
Forward-Looking Disclaimer results contained operations can “will,” the assumptions, necessarily consider “SEC”) that environment, combination All reasonable Company Use accounts superior other The management may There IFRS This 2entities date information be could forward-looking Company’s Company o
Slide 4: Operating Disclaimer
Operating Disclaimer period provides operating Monthly means and Gross consumers, aevaluate Adjusted paid manages to believes Industry This preliminary the 3The metric compare, total nature evaluate Company to Presentation Merchandise Billings of to driver- Adjusted to amount its and Transacting use
Slide 5: Business Update, Q2 2021 Results, FY21 Outlook, Non-IFRS Reconciliation
4321 Non-IFRS Business Q2 FY21 2021 Outlook Results Update Reconciliation
Slide 6: Business Update
5Business Update
Slide 7: Executing Strongly in Challenging Times
Executing Q2 Strong Underscores Resilience Confident volatility Investing Future 6Doubling results Success for down in Strongly through resilience theon fundamentals deliveries in Challenging of Grab’s and of business our financial Times business &services superapp long term strategy
Slide 8: Record Q2 2021 Gross Merchandise Value and Adjusted Net Sales
Grab Gross +62% Adjusted (Q2 YoY +92% 1. Note: period 2. 7paid Adjusted GMV2021 to achieved Merchandise of driver- means Net measurement. vs.Net Q2 Sales and record gross Sales 2020) merchant-partners (2) Value merchandise GMV is an(1) operating & ANSvalue, inmetric upQ2toan2021 the defined operatin
Slide 9: Covid-19 Impact on Gross Merchandise Value
Covid-19 Impact Gross 8Ho Mobility Deliveries Jul-21 Apr-21 Jan-21 Oct-20 Jul-20 Apr-20 Jan-20 Chimerchandise of Minh Outlook COVID-19 City ($M) value restrictions in Vietnam
Slide 10: Covid-19 Update: Southeast Asia Reopening and Vaccination Rates
Covid-19 Southeast Malaysia Beginning Singapore 54% Gradual Indonesia 11% 77% Thailand 22% 20% COVID-19 26% Movement Philippines Community 14% Aug-21 Incremental 9Source: 24% 20% 16% Vaccination reopening (TH) (MY) Update Asia (ID) Vietnam (SG) to restrictions measures (PH) Vaccination quarantine ca
Slide 11: Covid-19 Update: Partnering on Driver Vaccination
Covid-19 Partnering Photo Source: Note: % Overall 52% Grab Total 10 who92% Driver-Partners Population Overall ofhave Singapore Vaccination Indonesia’s Update 91% governments received is66% based Malaysia rate 55% President atonleast on includes a31% vaccinations weighted-average Philippines one Joko
Slide 12: Covid-19 Update: Resilience Through Geographic Diversification
Covid-19 Resilience Consolidated (Indexed Growth 158% 124% 119% 90% 11 Jakarta Group Kuala Singapore tracking to Update due 100% Feb-20 Lumpur Overall GMV tostrongly geographic Month index Apr-20of vs.Jun-20 Feb pre-COVID diversification 2020) Aug-20 levels Oct-20 100Dec-20 Feb-21 Apr-21 Jun-21
Slide 13: The Grab Superapp Flywheel
Grab Superapp More 12 Spending The MoreGrab Consumers superappMore flywheel Services – ourand secret Easesauce of Access More Orders More Merchant Partners More Income More Rides/ Deliveries Use Cases More Driver Partners Higher Earnings
Slide 14: Grab Users Increasingly Using More Services
Grab Users % 60+% 12Dec-18 1. quarterly 13 offerings offering Defined Monthly Superapp are increase Jun-21 or increasingly Note: asTransacting annual the ³3 9%monthly offerings 24% period using Users(1) 67% number aremore 26% calculated split services… of 28%unique by45% based number users onof the
Slide 15: Resulting in Higher One-Year Retention
Grab …Resulting 234% 1. Note: have 14 offerings The60% successfully Superapp one-year 76% 3in offerings increasing 85% retention paid 1 offering >3 forrate retention offerings anyisofcalculated Grab’s rates products. June as the 2021number One-Year of users Retention in JuneRate 2020(%)(1) that had
Slide 16: Grab Driver-Partners: Improving Utilization and Productivity
Grab Driver-partners Two-wheel 66% Improving 1. Note: 15 Based Q2 Superapp 2021 onutilization drivers Indonesia, improving onrate both Vietnam of in food drivers productivity and & mobility(1) YoY Thailand +58%driver Q2 2020 base Q2 2021
Slide 17: Grab Merchants: Registered Food Merchants Growth
Grab Merchants Registered 2x All 16 Q2 countries Superapp 2021continuing Food vssaw Q2 Merchants Earnings 2020 to choose per Merchant Grab increase healthily YoY
Slide 18: Grab Financial Services: Transacting Users and Transactions
Grab Financial Transacting Services +48% +92% Q2 1. Note: 17 Does 2020 2021 Superapp Financial Q2 not Users services 2020 include Financial Services reaping transacting Transactions flywheel usersbenefits and transactions from OVO
Slide 19: Q2 2021 Results
Q2 2021 18 Results
Slide 20: Consolidated Gross Merchandise Value and Adjusted Net Sales
Consolidated Gross 3,878 2,394 Adjusted 286 (US$M) GMV 124 (US$/MTU) Q2 1. Note: period 2. paid 3. products. 19 Adjusted GMV MTUs 2021 2020 550+92% 157 toQ2 +62% per Merchandise of driver- +27% means Results Q2 Net means measurement MTUs 2020 Monthly Net YoY 2021 group Sales(2) YoY and YoY Q2 gross
Slide 21: Consolidated Total Segment Adjusted EBITDA
Consolidated Total % (US$M) (3.7%) Adjusted (8.6%) Q2 1. Note: 2. based changes 3. 20 Adjusted Total These of2020 2021 GMV Segment compensation (0.3%) (5.5%) Segment on are Results Q2 EBITDA investments, EBITDA non-IFRS 2021 group Adjusted (14)+US$75M (206) Adjusted (2,3) (Cont) expenses, (214)-US$8
Slide 22: Consolidated Revenue, Net Loss and Cash Liquidity
Consolidated Revenue Net Q2 5,332 (US$M) 1. 2. 3. 21 These Revenue Cash 2021 2020 Loss +US$ Liquidity % are Results Q2 (2)of consists unaudited 1,627M 2021 group GMV includes Cash (IFRS of 3.2% (30.0%) 3,075 commissions IFRS Liquidity(3) 4.6% cash Financials) Q4financials (21.0%) 2020 on 77 hand, 18
Slide 23: Deliveries Segment Results
Gross Deliveries 1,309 +58% Q2 Adjusted +68% 345 (US$M) 206 Segment % GMV 1. Note: period 2. paid 3. reconciliation 22 Adjusted GMV Segment of2021 2020 Q2 to2,073 (2.7%) Merchandise YoY of driver- 2020 means Adjusted Results Net measurement Adjusted Net Q2 Sales (0.9%) to and gross Sales the 2021 EB
Slide 24: GrabMart's Deliveries GMV and GrabSupermarket Growth
GrabMart’s Deliveries GrabSupermarket 5x in GrabMart 23 GMV increase YoY GMV strong growth Jan Now growth 20 in Jun trajectory 3continues 21 countries; continues Philippines launched in Q3 2021
Slide 25: Food Deliveries and Mart Penetration
Food Deliveries Q2 85% Tremendous Mart 1. Note: quarterly 24 Defined 2021 Q2 MTU(1) delivery 2021 Mart orasannual growth the Penetration business users monthly period that opportunity driving originated number as are%calculated Mart’s offorFood offrom mart unique growth MTU based foodusers 5% on the
Slide 26: Mobility Segment Results
Q2Adjusted Mobility 355 66 % (US$M) 705% GMV 1. period 2. paid 3. reconciliation 25 GMV Segment of 146 2021 685 to13.0% of driver- 122% 93% means Results Gross measurement Adjusted Net 90 YoY to and Merchandise gross Sales 233% theQ2 merchant-partners most EBITDA merchandise is2020 YoY andirectly op
Slide 27: Covid-19 Update: Ride-hailing in Singapore
Covid-19 Ride-hailing Singapore +7 Trough Source: Jul-21 Note: 26 25 1. Public levels Kantar Based Update Transport bouncing Taxi on Brand +5 surveyed Usage 38 Health back Owned based responses fastest – Transport. Vehicles onpost-COVID %when of+12 Trough surveyed asked 47 Ride levels “which respons
Slide 28: Financial Services Segment Results
Q2Adjusted Financial Total +66% 2,887 1,738 Adjusted 11 Segment (4.2%) TPV %of (US$M) 1. Note: this 2. paid 3. reconciliation 27 Total Segment 262021 segment toPayments + 971 YoY (driver- Payments 140% 2.9%) Adjusted Results Net services 766 Adjusted Net data Sales to YoY and Q2 (74) Volume Sales th
Slide 29: Financial Services: Driver Loans and Paylater
Financial Grab’s Driver Paylater Loans Q2 (US$) .28 2020 disbursed loan Lending full-scale Q2 Services disbursals 2021 business launch at record picking in Singapore, highs up Malaysia 4.1x increase
Slide 30: Enterprise and New Initiatives Segment Results
Enterprise Gross 434 Segment (126.7%) GMV %of (US$M) Q2 (6) 1. Note: period 2. paid 3. reconciliation 29 Q2 Adjusted GMV Segment +614% 2021 2020 to 2020 Merchandise of driver- means Adjusted Results Q2 measurement 3.3% and YoY 33 Adjusted Net 2021 +675% to and New 1gross 5Sales the +US$7M Q2 EBITDA
Slide 31: Q2 Revenues by Segment
Q2Revenues Revenue 77 180 Mobility 1. 30 22021 +US$102M 52 23 Results by Deliveries Q2 segment for2020(1) Enterprise 11 6Note: (IFRS 118 45isFinancials) Q2 less2021 than Enterprise US$1 million Financial in Q2 Services 2020
Slide 32: Outlook FY21
31 Outlook FY21
Slide 33: Full Year 2021 Outlook
Full Gross Outlook FY21 Adjusted 1. period 2. paid 3. EBITDA reasonably the 32 Adjusted GMV Segment calculation Year toMerchandise of driver- means outlook Net EBITDA measurement 2021 calculated Adjusted Net Sales and of Outlook gross Sales provided Revenue merchant-partners (3) (2) Value(1) EBITDA
Slide 34: Public Listing: Business Combination with Altimeter Growth Corp.
1Public 2Filed completion Altimeter 33Expected September Listing Growth Amended proceeds of business On13track Corporation with of Form combination US for theQ4 $4.5 F-4 US2021 Registration Securities billion with upon &Document Exchange Commission
Slide 35: Closing Remarks
Closing Remarks 34
Slide 36: Non-IFRS Reconciliation
Non-IFRS Reconciliation 35
Slide 37: Q2 2021 Net Loss to Adjusted EBITDA Reconciliation
Q2in21 $Reconciliation Loss Reconciling Interest Depreciation Others Adjusted 36 billions for Q2 0.1 expense the EBITDA 20 0.1 period items: andfrom amortization to (0.2) (0.8) IFRS RCPS (0.2) (0.7) Net 0.4expense Loss 0.3 0.1 0.1
Slide 38: Forward-Looking Statements
Forward-Looking Statements This document includes “forward-looking statements” within the meaning of the federal securities laws with respect to the proposed transaction between Grab Holdings Inc. (“Grab”), Grab Holdings Limited (“GHL”) and Altimeter Growth Corp. (“AGC”) and regarding Grab’s future
Slide 39: Participants in the Solicitation
contained on, or that may be accessed through, the websites referenced in this document is not incorporated by reference into, and is not a part of, this document. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS