Swvl Holdings Corp · NASDAQ:SWVL
Swvl — Q1 2025 Earnings Presentation
24 slides from Swvl's earnings presentation, May 14, 2025
Slide 1: Q1 2025 | Company Update
Q1 2025 | Company Update SWVL
Slide 2: Statement Regarding Non-IFRS Measures and Key Business Measures
Statement Regarding Non-IFRS Measures Key Business Measures This presentation may contain “forward-looking statements” which include, but are not limited to, statements regarding future events and other statements that are not historical facts. Forward-looking statements are generally accompanied by
Slide 3: About Swvl
About Swvl Swvl is an end-to-end mobility operating system designed to transform urban transportation by making it more accessible, ecient, and reliable. Our platform leverages real-time data, adaptive networks, and advanced technology to optimize mobility solutions for riders and drivers, ensuring
Slide 4: Products & Services
Products & Services Value Proposition Product Suite Managed Services Real-time Monitoring & Insights Compliance & Safety Management Vehicle Rostering Network Planning & Routing Technologies Identity & Access Management White Labelled Customer Facing App On-ground Network Optimization Vehicle Utiliza
Slide 5: Strategy Highlight
Strategy Highlight 5
Slide 6: Strategy Highlight
Strategy Highlight Rapid Margins Increase We've seen strong progress in revenue and margin expansion, with a clear line of sight to 35-40% steady-state margin potential. From FY22 to FY24, we expanded gross margin from 0% to 21%, evidence of strong momentum across our core markets Increase Recurring
Slide 7: Key Highlights for Q1 2025
Key Highlights for Q1 2025 Revenue Growth 12.4% Increase in Q1'25 revenue over Q1'24, an increase of 47% in constant currency. Revenue for Q1'25 was $4.91 million, up from $4.37 million in Q1'24. Total Gross Margin 18% Increase in Q1'25 over Q1'24, and an increase of 49% in constant currency in Q1'2
Slide 8: Revenue & Gross Margin
Revenue & Gross Margin Revenue and Gross Margin in $ million Non-IFRS Measure 4.37 12.4% 4.91 Q1’24 Q1’25 0.83 0.98 18% 4.37 47% 6.44 Q1’24 Q1’25 0.83 1.24 49% Revenue and Gross Margin in $ million in Constant Currency 8
Slide 9: Net Income
Net Income Net Income $ million 0.8 -3.7 Q1’24 Q1’25 9
Slide 10: Strong Growth in Dollar-Pegged Revenue
Strong Growth in Dollar-Pegged Revenue 15.90% 34.7% Q1’24 Q1’25 Dollar-Pegged Revenue as a Percentage of Total Revenue Dollar-Pegged Revenue: Represents revenue generated in currencies which are pegged to the US Dollar (i.e, currently, all revenues excluding EGP). Dollar-Pegged Revenue Focus Swvl co
Slide 11: Accelerating Growth in Recurring Revenue
Accelerating Growth in Recurring Revenue Recurring Contract-Based Revenue Focus We have made signicant progress in increasing our recurring revenue, which grew from from 76% in Q1'24 to 86% in Q1'25. We continue to focus on protably scaling up our recurring revenue base on dollar-pegged revenue mark
Slide 12: Q1 2025 | Results of Operations
Q1 2025 | Results of Operations 12
Slide 13: P&L
P&L *General and admin expenses breakdown on the following page Q1 2025 Q1 2024 Revenue 4,910,013 4,368,739 Cost of sales All gures are in United States Dollars ($) (3,931,022) (3,537,189) Gross Margin 978,991 831,550 General & admin expenses (1,641,273) (4,097,427) % 20% 19% Selling and marketing e
Slide 14: Breakdown of G&A
Breakdown of G&A Sta costs in Q1'24 contained non-recurring and non-cash transactions, as disclosed in the Company's most recent Annual report on Form 20-F. Q1 2025 Q1 2024 Sta costs* 906,710 2,884,601 Professional fees 259,148 304,726 Technology costs 118,326 124,449 Depreciation of property and eq
Slide 15: Markets' Performance
Markets’ Performance 15
Slide 16: Kingdom of Saudi Arabia
Kingdom of Saudi Arabia Revenue vs. Gross Margin in $Million Our business in Saudi had an outstanding quarter, increasing revenue by 100% and margin by 97%. Swvl continues to prioritize high-margin, high-prot operations, and this focus has yielded outstanding results. Our focus during the upcoming y
Slide 17: Egypt
Egypt Revenue vs Gross Margin in million in local currency Note: The 3 Month average fx exchange rate in Q1'24 was USD/EGP 34.2, versus USD/EGP 50.53 in Q1'25 Please refer to Appendix A for a reconciliation of the Non-IFRS measures. Egypt delivered strong operational growth in Q1’25, with revenue an
Slide 18: United Arab Emirates
United Arab Emirates Revenue vs. Gross Margin in $ thousands Our recent launch in the UAE delivered a promising start in Q1’25, generating over $300K in revenue and securing three clients, reflecting strong early traction in the market. Gross Margin Revenue 313.0 Q1’24 Q1’25 34.5 100% 100% 18
Slide 19: Other Highlights
Other Highlights 19
Slide 20: Recent Private Placement Upsizing
Recent Private Placement Upsizing On February 10, 2025, we announced that investors purchased $2 million of pre-funded warrants in a private placement priced at the market under Nasdaq rules in addition to the $4.7 million previously announced in November 2024. Swvl believes that the commitment of i
Slide 21: Introducing Swvl Luxury Service
Introducing Swvl Luxury Service 21
Slide 22: Appendix A - Reconciliation of Non-IFRS Measures
Appendix A - Reconciliation of Non-IFRS Measures The revenue of Egypt reported under local currency, when translated into the reporting currency of the Group, is dierent. Please nd below a reconciliation of the gures from Non-IFRS to IFRS reported numbers: The margins of Egypt presented in local cur
Slide 23: Definitions
Definitions Dollar Pegged Revenue Recurring Revenue Transactional revenue Gross Margin Represents revenue generated in currencies that are pegged to the US Dollar (i.e., currently, all revenues excluding EGP). Revenue that is from our contracts with corporate customers. Revenue from individual users
Slide 24: SWVL
SWVL