Slide 1: Naspers Limited
Naspers Limited Detailed financials for the six months ended September 2019
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. Words such as “believe”, “anticipate”, “intend”, “seek”, “will”, “plan”, “could”, “may”, “endeavor” and similar expressions are intended to identify
Slide 3: Naspers today
Naspers today ’ EURONEXT takealot@ MEDI-Aw xe Py supcrsatist.com property24 Prosus | NASPERS | NASPERS labs FOUNDRY:
Slide 4: Sustainable leadership positions
Sustainable leadership positions #1 in South Africa $109bn Market capitalisation1 #1 in South Africa #1 in South Africa Largest Consumer Internet Company in Europe 1 Source: Bloomberg, priced at 30 September 2019. 4
Slide 5: Bringing world-class online shopping and food delivery to SA
Bringing world-class online shopping and food delivery to SA #1 ecommerce retailer in South Africa Solid performance from the 1P business Mr D grew orders by 111% and GMV by 105% YoY2 General Fashion GMV (US$m)1 Trading loss (US$m)1 40% (51%) Food delivery Logistics (23) (22) 4% (25%) 1H FY19 1H FY2
Slide 6: Media transitioning into digital
Media transitioning into digital SA’s leading media Group Reaching 18.2m average monthly unique browsers across its digital platforms 8 out of every 10 newspapers/magazines consumed by adults in SA are Media24 publications Netwerk24 is the largest paywall news site in SA with +55k subscribers Revenu
Slide 7: Helping SA entrepreneurs build great tech businesses
Helping SA entrepreneurs build great tech businesses Foundry’s first investment was a 27% minority stake in R1.4bn over 3 years SweepSouth A South Africa focused tech business funding initiative that helps talented and ambitious Pipeline growing technology entrepreneurs develop and grow steadily bus
Slide 8: Summary of Financials
Summary of Financials Revenue1,2 Trading profit 1,2 Core headline earnings1 11% (20%) 6% (9%) 8% (10%) 10.2 9.2 1.8 1.9 1.5 1.7 1H FY19 1H FY20 1H FY19 1H FY20 1H FY19 1H FY20 1 All figures presented are from continuing operations and reported in US$bn. 2 Results reported on an economic-interest bas
Slide 9: Composition of the Naspers Group
Composition of the Naspers Group Revenue EBITDA Trading profit 1H FY19 1H FY20 1H FY19 1H FY20 1H FY19 1H FY20 Prosus Group 8 881 9 925 2 043 2 327 1 835 1 918 Takealot 135 169 (21) (16) (23) (22) Media 170 139 (5) 7 (10) 4 Corporate and other 2 10 (28) (2) (14) (4) Economic interest 9 188 10 243 1
Slide 10: Core headline earnings reconciliation
Core headline earnings reconciliation US$m 1HFY19 1HFY20 Headline earnings from continuing operations 2 732 1 425 Equity-settled share-based payment expenses 236 275 Amortisation of other intangible assets 126 173 Retention option expense 4 8 Reversal of tax1 - 138 Transaction-related costs 7 85 Fai
Slide 11: Prosus vs Naspers core headline earnings reconciliation
Prosus vs Naspers core headline earnings reconciliation US$m Naspers Prosus Difference Headline earnings from continuing operations 1 425 1 614 (189) Equity-settled share-based payment expenses 275 281 (6) Amortisation of other intangible assets 173 170 3 Retention option expense 8 8 - Reversal of t
Slide 12: Net cash profile
Net cash profile Net Cash of US$5.9bn at 30 September 2019 440 3 247 Naspers cash Prosus cash Prosus interst bearing debt 8 672 Note: Naspers and Prosus cash includes short-term investments and overdraft 12
Slide 13: Current assets and liabilities
Current assets and liabilities Current assets (US$m) FY19 1HFY20 Current liabilities (US$m) FY19 1HFY20 Inventory 209 205 Current portion of long-term debt 23 1 068 Trade receivables 172 182 Trade payables 287 279 Other receivables and loans 518 644 Accrued expenses & other current liabilities 1 258
Slide 14: Glossary
Glossary — EBITDA: Earnings before interest tax, depreciation and amortization — M&A: Mergers and acquisitions — FCF: Free cash flow — SA: South Africa — FX: Foreign exchange — TP: Trading profit / (loss) — GMV: Gross merchandise value — YoY: Year-on-year — IFRS: International Financial Reporting St
Slide 15: Naspers Group portfolio
Naspers Group portfolio 74% 96% 85% Organogram depicts effective percentage holdings in major entities at 30 September 2019. 15
Slide 16: Prosus Group portfolio
Prosus Group portfolio Ecommerce Social & internet platforms Payments & Classifieds Food delivery Etail Travel Ventures 31% Fintech 28% 100%1 99% 81% 80% 5% 24% 100% 22% 55%3 13% 100% 21% 22% 21% 80%2 21% 39% 44% 36% 99% 12% 12% 99% 17% 69% 72% 12% 1 OLX owns 50% of operations in Brazil and 66% of I
Slide 17: Contact us
Contact us Eoin Ryan (Head of Investor Relations) InvestorRelations@Naspers.com https://www.naspers.com/ 17