Rocket Internet Se · HAM:RKET

Rocket Internet — FY2016 Earnings Presentation

29 slides from Rocket Internet's earnings presentation, Apr 25, 2017

  1. Slide 1: FY 2016 Results Rocket Internet Group & Selected Companies

    FY 2016 Results Rocket Internet Group & Selected Companies 25 APRIL 2017

  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 FY 2016 Financial Results CFO Rocket Internet - Selected Companies - Rocket Internet Group Oliver Samwer 2 Summary Remarks CEO Rocket Internet 2

  4. Slide 4: Selected Companies FY 2016 Results

    Selected Companies FY 2016 Results

  5. Slide 5: Rocket Internet's Selected Companies at a Glance

    Rocket Internet’s Selected Companies at a Glance FY 2015 FY 2016 Improvement (EURb) Aggregate 1.90 2.43 GMV(1) YoY Growth: 28% FY 2015 FY 2016 (EURb) Aggregate 1.71 2.20 Revenue YoY Growth: 29% FY 2015 FY 2016 (%) Aggregate Adj. EBITDA (14.9%) YoY Improvement: +16.4pp Margin(2,3) (31.3%) FY 2015 FY

  6. Slide 6: Continued Increase in Revenue Across Selected Companies

    Continued Increase in Revenue Across Selected Companies EURm 700 600 500 YoY Growth 400 (FY 2016 / FY 2015) +29% 300 200 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Aggregate financials include: HelloFresh, GFG, Jumia, Westwing and Home24. Source: Unaudited consolidated financial

  7. Slide 7: Continued Improvements in Adj. EBITDA Across Selected Companies

    Continued Improvements in Adj. EBITDA Across Selected Companies EURm Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 0 (50) (100) YoY Reduction (150) (FY 2016 / FY 2015) EUR 234m (200) Aggregate financials include: HelloFresh, GFG, Jumia, Westwing and Home24. Source: Unaudited consol

  8. Slide 8: Continued Increase in Revenue

    Continued Increase in Revenue EURm 215 (60) 41 2,199 292 1,710 FY 2015 Food & Groceries Fashion General Merchandise Home & Living FY 2016 Source: Unaudited consolidated financial information based on IFRS and management reports of HelloFresh, Jumia, Westwing and Home24; for GFG, audited consolidated

  9. Slide 9: Continued Topline Growth

    Continued Topline Growth Topline(1) Growth FY 2015 – FY 2016 96% Regional businesses of GFG 27% 30% 26% 26% 27% 24% 14% 4% (14%) Overall weighted average Food & General Home & Fashion(2) Groceries Merchandise Living Source: Unaudited consolidated financial information based on IFRS and management re

  10. Slide 10: Adj. EBITDA Margins Improved Significantly at Selected Companies

    Adj. EBITDA Margins Improved Significantly at Selected Companies Margin +14pp +14pp +17pp +17pp +16pp Improvement (1) (2) Adj. EBITDA Margin (6%) (13%) Total (15%) (14%) Adj. EBITDA (16%) margin pp improvement (23%) (FY 2016 / FY 2015) (27%) +16.4pp (28%) Total (31%) (32%) (33%) Adj. EBITDA margin F

  11. Slide 11: Losses Reduced as Companies Scale

    Losses Reduced as Companies Scale (1) Total EURm (14) (40) (50) (75) (86) (83) (92) (128) (161) (356) (217) (590) Adj. EBITDA FY 2015 in EURm Adj. EBITDA FY 2016 in EURm Source: Unaudited consolidated financial information based on IFRS and management reports of HelloFresh, Jumia, Westwing and Home2

  12. Slide 12: HelloFresh

    HelloFresh Q4 Q4 FY FY EURm 2015 2016 2015 2016 Key Performance Drivers Revenue 106.9 158.7 305.0 597.0 Financial  Continued strong YoY topline growth of 95.8%, with FY 2016 revenue of EUR 597.0m; constant currency based 2016 revenue growth of 99.4% % Growth YoY 48.5% 95.8%  Sustained profitabilit

  13. Slide 13: Delivery Hero on Continued Growth Path in 2016

    Delivery Hero on Continued Growth Path in 2016 Orders (m)(1) GMV (EURm)(2) Revenue (EURm) 51 347 171 2,324 297 +65% +62% +79% 103 1,430 166 FY 2015 FY 2016 FY 2015 FY 2016 FY 2015 FY 2016 FY 2016 FY 2016 DH foodpanda pro-forma Source: As reported by Delivery Hero on April 24, 2017; foodpanda’s unaud

  14. Slide 14: Global Fashion Group (GFG)

    Global Fashion Group (GFG) FY 2016 Revenue EURm (1) 1,023 305 316 261 136 Source: GFG’s audited consolidated financial information based on IFRS and management reports. Please refer to the appendix for more information on the figures and any adjustments made. Note(s): (1) GFG consolidated revenue, e

  15. Slide 15: GFG Consolidated

    GFG Consolidated (excl. Jabong) Q4 Q4 FY FY EURm 2015(2) 2016(2) 2015(2) 2016(2) Key Performance Drivers Revenue 250.4 317.3 808.0 1,023.1 Financial % Growth YoY 26.7% 26.6%  Continued revenue and NMV growth across all regions  Revenue of EUR 1.0b, representing growth of 26.4% on a constant curren

  16. Slide 16: Lamoda

    Lamoda Q4 Q4 FY FY EURm 2015 2016 2015 2016 Key Performance Drivers Revenue 70.5 106.4 235.2 305.1 Financial  Positive NMV and revenue growth on a constant currency basis of 40.4% and 39.6% % Growth YoY 50.9% 29.7% for FY 2016, and 41.5% and 41.8% for Q4 2016, respectively, despite a weak retail en

  17. Slide 17: Dafiti

    Dafiti Q4 Q4 FY FY EURm 2015(2) 2016(2) 2015(2) 2016(2) Key Performance Drivers Revenue 84.6 99.6 254.4 315.5 Financial  NMV and revenue like-for-like growth on a constant currency basis was 15.1% and % Growth YoY 17.7% 24.0% 9.8% for FY 2016, and 10.9% and 8.3% for Q4 2016, respectively, despite t

  18. Slide 18: Namshi

    Namshi Q4 Q4 FY FY EURm 2015 2016 2015 2016 Key Performance Drivers Revenue 32.8 34.7 107.8 136.2 Financial  NMV and revenue growth on a constant currency basis of 25.9% and 26.1% for FY % Growth YoY 5.8% 26.3% 2016, and 3.6% and 4.7% for Q4 2016, respectively, despite continued uncertainty in the

  19. Slide 19: Zalora & The Iconic

    Zalora & The Iconic Q4 Q4 FY FY EURm 2015 2016 2015 2016(2) Key Performance Drivers Revenue 61.5 75.4 207.6 261.2 Financial  Positive NMV and revenue like-for-like growth on a constant currency pro-forma % Growth YoY 22.6% 25.8% basis of 43.1% and 35.6% for FY 2016, and 30.9% and 26.6% for Q4 2016,

  20. Slide 20: Jumia

    Jumia Q4 Q4 FY FY EURm 2015 2016 2015 2016 Key Performance Drivers GMV 93.7 83.2 320.5 276.9 Financial % Growth YoY (11.3%) (13.6%)  2016 marked by the addition of strategic shareholders (including AXA, Orange, MTN and Millicom) Revenue 30.4 30.0 144.6 84.4  GMV was mainly impacted by FX scarcity

  21. Slide 21: Westwing

    Westwing Q4 Q4 FY FY EURm 2015 2016 2015 2016 Key Performance Drivers Revenue 65.1 76.6 219.2 250.4 Financial % Growth YoY 17.7% 14.2%  Continued double-digit revenue growth of 14.2% in 2016 (constant currency based 15.5% growth), while at the same time significant improvement in profitability of 1

  22. Slide 22: Home24

    Home24 Q4 Q4 FY FY EURm 2015 2016(2) 2015 2016(2) Key Performance Drivers Revenue 61.4 66.0 233.7 243.8 Financial % Growth YoY 7.5% 4.3%  Revenue in Q4 2016 at EUR 66.0m (growth of 7.5% YoY vs. Q4 2015 and 21.4% vs. previous quarter Q3 2016) driven by cyclical effect of Q4 being typically the stron

  23. Slide 23: Rocket Internet Group FY 2016 Results

    Rocket Internet Group FY 2016 Results

  24. Slide 24: FY 2016 Results Rocket Internet Group – Consolidated IFRS Income Statement

    FY 2016 Results Rocket Internet Group – Consolidated IFRS Income Statement EURm FY 2015 FY 2016 Revenue - decline due to deconsolidation effects (2015 Revenue 128.3 50.4 Kanui EUR 32m / Tricae EUR 30m sold in Q3 2015). Internally produced and capitalized assets 5.7 2.9 Sale of La Nevera Roja and Piz

  25. Slide 25: FY 2016 Results Rocket Internet Group – Consolidated IFRS Balance Sheet

    FY 2016 Results Rocket Internet Group – Consolidated IFRS Balance Sheet Assets Dec 31 Dec 31 Equity and Liabilities Dec 31 Dec 31 EURm 2015 2016 EURm 2015 2016 Non-current assets Equity Property, plant and equipment 2.8 3.5 Subscribed capital 165.1 165.1 Intangible assets 129.1 2.1 Capital reserves

  26. Slide 26: Strong Cash Reserves

    Strong Cash Reserves Cash at Operating Companies Cash at Rocket Internet SE as of March 31, 2017 as of March 31, 2017 ca. EUR 0.8b(1) EUR 1.5b EUR 1.2b (Selected Companies and Regional Internet Groups(2)) Gross Cash Net Cash(3) Source: Unaudited management information. Note(s): (1) Cash position inc

  27. Slide 27: Summary Remarks

    4) ROCKETINTERNET Summary Remarks

  28. Slide 28: Financial Calendar

    Financial Calendar Date Event Wednesday, May 31, 2017 Q1 2017 Results for Rocket Internet & Selected Companies Friday, June 2, 2017 FY 2016 Rocket Internet SE Annual General Meeting Thursday, September 28, 2017 H1 2017 Results for Rocket Internet & Selected Companies Thursday, November 30, 2017 9M 2

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Rocket Internet — FY2016 Earnings Presentation on 6ix