Uber Technologies, Inc. · NYSE:UBER
Uber Technologies — Merger or Acquisition (July 2026)
16 slides from Uber Technologies's merger presentation, Jul 16, 2026
Slide 1: Announcement of Uber's Acquisition of Delivery Hero
Announcement of Uber’s Acquisition of Delivery Hero July 16, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, which includes forward-looking statements regarding the proposed transaction and Uber’s and Delive
Slide 3: Proposed transaction summary
Proposed transaction summary Uber has entered into an agreement to acquire Delivery Hero via a voluntary public takeover offer in cash for all shares not already held by Uber, with a minimum acceptance threshold of 50% plus one share (including Uber’s existing ~37% economic ownership) €41.50 per sha
Slide 4: Delivery Hero at a glance
Delivery Hero at a glance Scaled multi-vertical marketplace Global leadership Markets #1 positions Key brands 49M 1 900K 1.1M MAPCs Earners Merchants EMEA 27 20 LatAm 13 11 $1.1B 2 $42B 2.9B Gross Trips Adj. EBITDA APAC 10 7 Bookings Notes: Financial and operational data reflects 2025 figures. All D
Slide 5: Extending Uber's global leadership to go anywhere and get anything
Extending Uber’s global leadership to go anywhere and get anything 2025 Gross Bookings ($B) $236 2025 Adj. EBITDA ($B) $9.8 $97 Uber Mobility $1.1 ~1.5x $5 Freight $91 Uber Delivery $8.7 $133 1 $42 $6.0 Delivery Hero + Rest of Operational + Total markets 1 11 8 18 2 15 41 7 99 Peers Notes: Company f
Slide 6: Transaction rationale
Transaction rationale 1 2 3 4 Global platform Highly complementary Unlocks a much larger Clear roadmap for accelerates product geographic footprint, cross-platform value creation with innovation for with leading category opportunity significant synergies customers positions 6
Slide 7: Greater benefits for consumers, merchants and earners
(1) Accelerating Innovation (2) Complementary Footprint (3) Cross-Platform Opportunity (4) Value Creation Greater benefits for consumers, merchants and earners Consumers More engagement Greater selection, Consumers Merchants Earners across Mobility better experience and Delivery and value Uber’s bes
Slide 8: Delivery Hero expands Uber to ~100 markets
(1) Accelerating Innovation (2) Complementary Footprint (3) Cross-Platform Opportunity (4) Value Creation Delivery Hero expands Uber to ~100 markets Pre Deal Post Deal Cross-Platform Markets 34 → 58 Total Markets 79 → 99 New Cross-Platform Markets New Delivery Markets 50M+ Existing Uber Markets new
Slide 9: Enhanced cross-platform position unlocks meaningful topline synergies
(1) Accelerating Innovation (2) Complementary Footprint (3) Cross-Platform Opportunity (4) Value Creation Enhanced cross-platform position unlocks meaningful topline synergies 1 Large audience opportunity 2 Efficient acquisition 3 Upsell to cross-platform >50% lower cost of incremental consumer Cros
Slide 10: Cross-platform case study: combination enhances Uber's position in the Middle East
(1) Accelerating Innovation (2) Complementary Footprint (3) Cross-Platform Opportunity (4) Value Creation Cross-platform case study: combination enhances Uber’s position in the Middle East Uber and Talabat are successful standalone …and are well-positioned to rank among Uber’s ✓ brands in the Middle
Slide 11: Significant value creation runway
(1) Accelerating Innovation (2) Complementary Footprint (3) Cross-Platform Opportunity (4) Value Creation Significant value creation runway Further upside and benefits to platform + Synergy realization = Driving value to shareholders Expand cross-platform Annualized synergies of over Expect transact
Slide 12: Transaction preserves financial flexibility and strong investment grade balance sheet
Transaction preserves financial flexibility and strong investment grade balance sheet Transaction financing SSW transaction structure To be financed through existing cash and new debt Delivery Hero has agreed to sell its business operations in financing certain markets to SSW Partners for ~$1.6 bill
Slide 13: Fully aligned with Uber's capital allocation framework
Fully aligned with Uber’s capital allocation framework 1 Invest in organic growth 2 Invest in autonomous ✓ Strategic fit Complements organic strategy Multiple strategic objectives 3 Pursue selective M&A ✓ Expands TAM, platform, capabilities High confidence in execution ✓ 4 Clear regulatory and integ
Slide 14: Delivery Hero strengthens Uber's long-term investment thesis
Delivery Hero strengthens Uber’s long-term investment thesis Expanded Greater Higher Continued growth cross-platform earnings financial platform engagement potential discipline Adds attractive Broader product Synergies, operating Consistent with markets and offering and more leverage, and capital al
Slide 15: Uber Delivery Hero
Uber £5) Delivery Hero
Slide 16: Uber Non-GAAP Reconciliations Adjusted EBITDA Reconciliation – FY25
Uber Non-GAAP Reconciliations Adjusted EBITDA Reconciliation – FY25 (Unaudited) $ in millions Fiscal Year Ended December 31, 2025 Adjusted EBITDA $8,730 Add (deduct): Legal, non-income tax, and regulatory reserve changes and settlements (564) Goodwill and asset impairments / loss on sale of assets (
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