Slide 1: Detailed Financials
Detailed Financials For the period ended 30 September 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: Business update
Business update 3
Slide 4: We are making good progress on our commitments
We are making good progress on our commitments Profitable growth bringing our profitability ambition forward to H2 FY24 Ahead of expectation Open-ended share repurchase program while the discount remains elevated On-track Simplify the Group’s structure while maintaining the current economic interest
Slide 5: We are focused on maximising shareholder value
We are focused on maximising shareholder value Value creation will be driven by execution across our key commitments to shareholders Smartly Managing 1 2 3 the Numerator Improving Allocating capital Tencent growth operations smartly with & profitability & returns discipline Systematically Share repu
Slide 6: Prosus's operating businesses are strengthening
Prosus’s operating businesses are strengthening Significant trading margin improvement across the businesses and peer leading growth Food Payments Delivery Classifieds & Fintech Edtech Etail 17% 32%1 32% 11% 4% YoY Revenue growth YoY Revenue growth YoY Revenue growth YoY Revenue growth YoY Revenue g
Slide 7: We remain e-commerce leaders in South Africa
We remain e-commerce leaders in South Africa Leading SA’s popular online Leading African E-TAILER FOOD DELIVERY MEDIA GROUP 10.5m +3% YoY DAILY PAGE >6 700 ORDER VOLUME1 VIEWS EMPLOYEES ~17k +8% YoY AOV DRIVERS 7 1 YoY growth rate includes orders for food and grocery delivery.
Slide 8: Takealot: peer leading growth despite challenging environment
Takealot: peer leading growth despite challenging environment GMV (US$’m)1 2% (15%) 700 711 -$91m FX impact2 Etail Food Fashion H1 FY23 H1 FY24 Trading profit / (loss) Platform GMV Mr. D GMV Superbalist GMV (US$’m)1 +15% +15% +13% (2) YoY YoY YoY (13) H1 FY23 H1 FY24 1 Results from owned and managed
Slide 9: Media24: Costs well managed in constrained economy
Media24: Costs well managed in constrained economy Revenue (US$’m)1 -22% (-9%) 106 83 -$11m FX impact2 South Africa’s leading Media Company H1 FY23 H1 FY24 NETWERK24 paywall Online News Trading profit (US$’m)1 subscriptions Newspapers 92 044 Magazines -4% YoY 2 Books (1) NEWS24 paywall subscriptions
Slide 10: Supporting South Africa's tech ecosystem
Supporting South Africa’s tech ecosystem Key investments Our SA investments are now managed by our Naspers corporate team which will Planet42 also consider new SA start-up investments Planet42, a South Africa-based car subscription company that buys used cars and rents to customers via a subscriptio
Slide 11: Teaching digital skills & creating employment opportunities
Teaching digital skills & creating employment opportunities Highlights ✓ 3 956 young people trained ✓ 3 920 youth transitioned into employment Equip unemployed youth with in-demand digital skills opportunities • In 1H24 we onboarded over 1 000 new learners and provided 500 job opportunities ✓ 33 you
Slide 12: Financial update
Financial update 12
Slide 13: Financial highlights: new ambition for Ecommerce profitability in H2 FY24
Financial highlights: new ambition for Ecommerce profitability in H2 FY24 Prosus: Strong ecommerce trading profit improvement 14% 1 supports our new ambition to achieve Ecommerce profitability for H2 FY24 + -US$124m 2 Takealot: Peer-leading local currency revenue growth and REVENUE1 TRADING LOSS1 si
Slide 14: Naspers consolidated results
Naspers consolidated results Consolidated Segmental Results from continuing operations Revenue Adjusted EBITDA Trading profit / (loss) YoY YoY Margin YoY Margin US$’m H1 FY23 H1 FY24 H1 FY23 H1 FY24 H1 FY23 H1 FY24 % Growth1 Improve2 Improve2 Prosus Group 2 269 2 556 14% (291) (57) 11 pp (338) (110)
Slide 15: 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 / (loss) YoY YoY Margin YoY Margin US$’m H1 FY23 H1 FY24 H1 FY23 H1 FY24 H1 FY23 H1 FY24 % Growth2 Improve3 Improve3 Prosus Group 13 286 13 058
Slide 16: Naspers economic interest results
Naspers economic interest results Economic Interest Results from continuing operations1 Revenue Adjusted EBITDA Trading profit / (loss) YoY YoY Margin YoY Margin US$’m H1 FY23 H1 FY24 H1 FY23 H1 FY24 H1 FY23 H1 FY24 % Growth2 Improve3 Improve3 Prosus Group 15 555 15 614 14% 2 364 3 186 5 pp 1 610 2
Slide 17: Naspers balance sheet position
Naspers balance sheet position Current assets and liabilities (US$’m) FY23 H1 FY24 Naspers net holdco debt as at Current assets 30 September 2023: US$88m Inventory 415 371 Trade receivables 559 511 Other receivables and loans 920 909 Derivative financial instruments 5 3 Other investments1 4 707 3 76
Slide 18: Group portfolio
Group portfolio 43% Local SA assets 100% 100% Ecommerce Social & internet platforms Payments & 25% Classifieds Food Delivery Etail Edtech Ventures Fintech 99%1 100% 96% 88% 100% 23% 38% 100% 100% 13% 68% 100% 29.5% 14% 38% 91% 33% 42% 15% 21% 13% 13% 11% Organogram depicts the latest effective inter
Slide 19: 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 20: Contact us
Contact us Eoin Ryan Head of Investor Relations InvestorRelations@naspers.com https://www.naspers.com 20