Jianpu Technology Inc · OTC:AIJTY
Jianpu Technology — Q1 2019 Earnings Presentation
16 slides from Jianpu Technology's earnings presentation, May 28, 2019
Slide 1: 1Q 2019 Earnings Results
1Q 2019 Earnings Results May 28, 2019
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 2019 Financial and Operating Highlights
1Q 2019 Financial and Operating Highlights Financial Product Financial Service Users Discovery and Recommendation Providers 24.4 MM Loan Applications2 120 MM+ 2500+ 220K+ 1.6 MM Financial Financial Registered Users1 Credit Card Service Products2 Volume2,3 Providers2 654.9 MM 90% Revenue1 350+ Mobile
Slide 4: Key Operating Metrics: Loan Applications and Revenues
Quarterly Key Operating Metrics Number of Loan Applications1 Revenues from recommendation services for loans In mm RMB mm +102% +170% 432.6 24.4 12.1 160.1 Q1 2018 Q1 2019 Q1 2018 Q1 2019 1. Refers to the number of loan applications which users had submitted via our platform resulting from our loan
Slide 5: Key Operating Metrics: Credit Card Volume and Revenues
Quarterly Key Operating Metrics Credit Card Volume1 Revenues for Credit Card In mm RMB mm 170.0 +18.3% 1.6 +6.7% 143.7 1.5 Q1 2018 Q1 2019 Q1 2018 Q1 2019 1 Refers to the number of credit cards we generates revenues from during the period presented, including for both recommendation services and adv
Slide 6: Total Revenue Breakdown
Quarterly Total Revenue Breakdown Total Revenue Breakdown RMB mm Revenues from Big Data and Risk Management 1 800 49.4 654.9 +518% +95.1% 73.0 600 57.3% 149.3 15.6% 400 335.7 8.0 46.4 170.2% 200 129.2 432.6 Q1 2018 Q1 2019 160.1 0 Q1 2018 Q1 2019 Loan Credit Cards Advertising, Marketing and Other Se
Slide 7: Gross Profit and Gross Margin
Quarterly Gross Profit and Gross Margin Gross Profit and Gross Margin RMB mm Gross Margin (%) 85.3% 91.5% 598.9 +109% 286.4 1Q 2018 1Q 2019 7 7
Slide 8: Adjusted Sales and Marketing Expenses
Quarterly Adjusted Sales and Marketing Expenses Adjusted Sales and Marketing Expenses1 RMB mm % of Total Revenue 77.0% 68.1% -8.9% +72.6% 445.9 258.3 1Q 2018 1Q 2019 1 Non-GAAP basis; excluding stock-based compensation expense. 8 8
Slide 9: Improved Operating Efficiency
Improved Operating Efficiency 110% Adjusted Quarterly Sales and Marketing Expenses as % of Revenue1 100% 90% 84.7% 85.1% 82.9% 82.5% 80% 77.0% 76.3% 70.9% 70% 68.1% 60% 50% Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 1 Non-GAAP basis; excluding stock-based compensation expense. 9
Slide 10: Adjusted Research and Development Expenses
Quarterly Adjusted Research and Development Expenses Adjusted Research and Development Expenses1 RMB mm % of Total Revenue 12.4% 11.9% +87.3% 77.9 41.6 1Q 2018 1Q 2019 1 Non-GAAP basis; excluding stock-based compensation expense. 10 10
Slide 11: Adjusted General and Administrative Expenses
Quarterly Adjusted General and Administrative Expenses Adjusted General and Administrative Expenses1 % of Total Revenue RMB mm 2.7% 4.7% +237.4% 30.7 9.1 1Q 2018 1Q 2019 1 Non-GAAP basis; excluding stock-based compensation expense. 11 11
Slide 12: Net Income and Adjusted Net Income
Quarterly Net Income and Adjusted Net Income Net Income and Adjusted Net Income1 RMB mm 10.00% 7.2% 47.4 18.7 (19.8) (57.1) -5.9% -10. 00% Q1 2018 Q1 2019 Net Income Adjusted Net Income Adjusted Net Margin 1 Non-GAAP basis; excluding stock-based compensation expense. 12 12
Slide 13: Improving Quarterly Adjusted Net Margin
Improving Quarterly Adjusted Net Margin Adjusted Net Margin1 7.2% 5.3% -3.5% -5.2% -4.5% -5.9% -5.8% -6.6% -22.5% Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 1 Non-GAAP basis; excluding stock-based compensation expense. 13 13
Slide 14: Appendix
Appendix 14 14
Slide 15: Consolidated Balance Sheet Data
Consolidated Balance Sheet Data As of 31 Dec 2018 As of 31 March 2019 As of 31 March 2019 (in Millions) (RMB) (RMB) (USD) Current Assets: - Cash and Cash Equivalents 1,270.0 1,103.4 164.4 - Restricted time deposits 142.4 161.9 24.1 - Short-term Investments 78.5 85.1 12.7 - Net Accounts Receivable 44
Slide 16: Unaudited Income Statement Data
Unaudited Income Statement Data For the Three Months Ended March 31, 2018 2019 2019 (in Millions) (RMB) (RMB) (USD) Revenues: Recommendation Services: Loans 160.1 432.6 64.5 Credit Cards 129.2 149.3 22.2 Total Recommendation Services 289.3 581.9 86.7 Advertising, marketing and other services 46.4 73