Slide 1: Detailed Financials
Detailed Financials For the year ended 31 March 2023
Slide 2: Important information
Important information This report contains forward-looking statements as defined in the United States Private Securities Litigation Reform Act of 1995 concerning our financial condition, results of operations and businesses. These forward-looking statements are subject to a number of risks and uncer
Slide 3: Approval to unwind the cross-holding structure has been received
Approval to unwind the cross-holding structure has been received We are now putting this proposal forward to Naspers and Prosus shareholders to vote on Resulting in a simplified Proposal has substantial benefits for Naspers and Prosus shareholders corporate structure Naspers Public 1 Ensures the con
Slide 4: Business update
Business update
Slide 5: We executed well across key objectives
We executed well across key objectives 1 Sustained revenue growth across our core segments, well ahead of peers 32%1 consolidated revenue growth (excl. Etail) from our resilient core businesses despite difficult macroeconomic challenges Investments 2 Increased confidence in our H1 FY25 profitability
Slide 6: Our Group strategy is a strength in this period of increased volatility
Our Group strategy is a strength in this period of increased volatility Building global technology leaders, addressing big societal needs in high growth markets Operating businesses Investments Consistently compounding value over time and growing NAV per share US$61bn total NAV1, ZAR5 989 NAV per sh
Slide 7: Prosus: Our core business segments continue to perform well
Prosus: Our core business segments continue to perform well Strong execution across our ecommerce segments which have achieved scale and have adjacencies to drive further growth Food Delivery Core Classifieds Payments & Fintech Edtech 35% 20%1 52% 21% YoY Revenue growth YoY Revenue growth YoY Revenu
Slide 8: Continued leadership in South Africa
Continued leadership in South Africa A leading SA’s popular online Leading African E-TAILER FOOD DELIVERY MEDIA GROUP 11m +4% YoY DAILY PAGE >7 500 ORDER VOLUME1 VIEWS EMPLOYEES ~16k +12% YoY AOV DRIVERS 1 YoY growth rate includes orders for Food and Grocery delivery. 8
Slide 9: Takealot: Resilient top line given difficult local environment
Takealot: Resilient top line given difficult local environment GMV (US$’m)1 -1% (13%) 1 493 1 474 -$115m FX impact2 Etail Food Fashion FY22 FY23 Trading profit / (loss) Platform GMV Mr. D GMV Superbalist GMV (US$’m)1 (7) (22) + YoY 14% + YoY 11% + YoY 13% FY22 FY23 Rising inflation, energy, and fuel
Slide 10: Media24: Profitable despite decreased advertising and increased fuel and paper costs
Media24: Profitable despite decreased advertising and increased fuel and paper costs Revenue (US$’m)1 -16% (-1%) 247 207 South Africa’s leading Media Company FY22 FY23 NETWERK24 paywall Online News Trading profit (US$’m)1 subscriptions Newspapers +12% Magazines -69% (-56%) to 97.7k YoY Books NEWS24
Slide 11: Growing South Africa's tech ecosystem
Growing South Africa’s tech ecosystem During the year the decision was made Update on key investments to bring our SA investment strategy in line with the rest of the world. Foundry investments will now be managed by Planet42 Planet42, a South Africa-based car subscription company that our Naspers c
Slide 12: Creating digital skills and employment
Creating digital skills and employment Highlights Over 2 500 young people trained to date 2 471 youth transitioned into jobs 10k 22 youth entrepreneurs supported jobs to be created by 2026 • Equip unemployed youth with in- demand digital skills • Unlock job opportunities and prepare youth for
Slide 13: Financial update
Financial update
Slide 14: Financial highlights
Financial highlights 1 Prosus: Improved ecommerce trading profit margin (H2 losses are 43% lower than H1) – increasing confidence in our + 15% -US$628m ambition to achieve profitability during H1 FY25 REVENUE1 TRADING LOSS1 2 Takealot: Resilient local currency revenue growth while economic pressures
Slide 15: Naspers consolidated results
Naspers consolidated results Consolidated segmental results Revenue Adjusted EBITDA Trading profit US$’m FY22 FY23 FY22 FY23 FY22 FY23 Prosus Group (excluding OLX Autos) 4 619 4 912 (443) (467) (537) (574) Takealot 827 808 15 8 (7) (22) Media 247 207 21 11 16 5 Corporate and other - (2) (49) (36) (5
Slide 16: Naspers proportionate results from associates and joint ventures
Naspers proportionate results from associates and joint ventures Associates and Joint Venture Proportionate Results1 Revenue Adjusted EBITDA Trading profit US$’m FY22 FY23 FY22 FY23 FY22 FY23 Prosus Group 28 748 26 448 6 985 5 528 5 590 4 193 Media 10 10 2 2 1 2 Corporate and other 4 1 (2) (1) (3) (
Slide 17: Naspers economic interest results
Naspers economic interest results Economic interest results1 Revenue Adjusted EBITDA Trading profit US$’m FY22 FY23 FY22 FY23 FY22 FY23 Prosus Group (excluding OLX Autos) 33 367 31 360 6 542 5 061 5 053 3 619 Takealot 827 808 15 8 (7) (22) Media 257 217 23 13 17 7 Corporate and other 4 - (52) (38) (
Slide 18: Naspers balance sheet position
Naspers balance sheet position Current assets and liabilities (US$’m) Net holdco debt as at 31 March 2023: US$0.4bn FY22 FY23 Current assets 0.2 Inventory 571 415 Trade receivables 412 559 Other receivables and loans 845 925 Other investments - 4 707 Cash/short-term cash investments 13 657 16 576 As
Slide 19: Group portfolio
Group portfolio Local SA assets 43% economic interest based on the cross-holding agreement between Naspers and Prosus 100% 100% Ecommerce Social & internet platforms Payments & Classifieds4 Food Delivery3 Etail Edtech3 Ventures 26% Fintech 99%1 100% 94% 80% 100% 23% 38% 100% 100%2 62% 13% 97% 29.9%
Slide 20: Glossary
Glossary Consolidated Results: Results of subsidiaries only, companies which the Group controls. Economic Interest: A non-IFRS measure representing the consolidated earnings plus the Group’s proportionate share of the associates and joint ventures revenue and trading profit. Free cash flow: Earnings
Slide 21: Contact us
Contact us Eoin Ryan Head of Investor Relations InvestorRelations@naspers.com https://www.naspers.com 21