Slide 1: H1 2018 Results for Rocket Internet Group & Selected Companies
H1 2018 Results for Rocket Internet Group & Selected Companies 20 SEPTEMBER 2018
Slide 2: Disclaimer
Disclaimer This document is being presented solely for informational purposes and should not be treated as giving investment advice. It is not intended to be (and should not be used as) the sole basis of any analysis or other evaluation. All and any evaluations or assessments stated herein represent
Slide 3: Agenda
Agenda Topic Presenter Peter Kimpel H1 2018 Results for Rocket Internet & Selected Companies CFO Oliver Samwer Summary Remarks Founder and CEO 3
Slide 4: Rocket Internet's Selected Companies
Rocket Internet’s Selected Companies Public Companies Food & Groceries 36% 6% Home & Living 33% Privately Held Companies Fashion 20% General Merchandise 28% Home & Living 32% Note(s): Percentage indicates Rocket Internet‘s economic ownership held directly as well as indirectly, including beneficial
Slide 5: Continued Topline Growth
Continued Topline Growth Topline(1) Growth H1 2017 – H1 2018 Regional businesses of GFG 67% 41% 20% at constant FX 24% 22% 14% 5% 1% (8)% Food & Fashion(2) General Home & Living Groceries Merchandise Source: Unaudited consolidated financial information based on IFRS and management reports of HelloFr
Slide 6: Adj. EBITDA Margins Improved Significantly at Selected Companies
Adj. EBITDA Margins Improved Significantly at Selected Companies Margin +6.5pp +1.3pp +7.4pp +/-0pp Improvement (1) (1) (1) (1) 2% Adj. EBITDA (4)% (5)% Margin (7)% (9)% (9)% (9)% (11)% Adj. EBITDA Margin H1 2017 Adj. EBITDA Margin H1 2018 Source: Unaudited consolidated financial information based o
Slide 7: Delivery Hero Continues to Deliver Strong Growth in H1 2018
Delivery Hero Continues to Deliver Strong Growth in H1 2018 Number of Orders (m) GMV (EURm) Revenue (EURm) +46% +37% +48% 184 357 2,359 126 242 1,723 H1 2017 H1 2018 H1 2017 H1 2018 H1 2017 H1 2018 Source: Delivery Hero H1 2018 financial report. Note(s): Rocket Internet’s economic ownership, as of A
Slide 8: HelloFresh Continues to Grow in H1 2018 While Approaching Break-Even
HelloFresh Continues to Grow in H1 2018 While Approaching Break-Even Number of Orders (m) Revenue (EURm) Adjusted EBITDA (EURm) / Margin (%) +50% +41% +€21m 13 H1 2017 H1 2018 615 9 435 (4)% (11)% (26) H1 2017 H1 2018 H1 2017 H1 2018 (47) Source: HelloFresh H1 2018 financial report. Note(s): All fig
Slide 9: home24 Continues to Grow Post IPO
home24 Continues to Grow Post IPO Number of Orders (k) Revenue (EURm) Adjusted EBITDA (EURm) / Margin (%) +20% +14% -€2m H1 2017 H1 2018 843 700 151 (9)% 133 (9)% (12) (14) H1 2017 H1 2018 H1 2017 H1 2018 Source: home24 H1 2018 financial report. Note(s): Rocket Internet’s economic ownership as of Au
Slide 10: Global Fashion Group (GFG)
Global Fashion Group (GFG) H1 2018 Revenue EURm (1) 535 187 176 166 Source: GFG’s unaudited consolidated financial information based on IFRS. Note(s): (1) GFG’s consolidated Revenue; differences relative to sum-of-the-parts are due to eliminations, holding and other. 10
Slide 11: GFG Consolidated Financials
GFG Consolidated Financials Excl. Namshi for all presented periods Q2 Q2 H1 H1 EURm Key Performance Drivers 2017 2018 2017 2018 Revenue 281.9 297.8 510.6 534.7 Financial % Growth YoY Revenue/ NMV 21.1% 19.6% (FX neutral pro-forma)(1) • Group Net Revenue for the quarter was EUR 297.8m, representing c
Slide 12: Zalora & The Iconic
Zalora & The Iconic Q2 Q2 H1 H1 EURm Key Performance Drivers 2017 2018 2017 2018 Financial Revenue 86.2 110.2 151.1 186.9 Revenue/ NMV % Growth YoY • Net Revenue for the quarter was EUR 110.2m, a 36.2% growth from last year on a 36.2% 33.8% (FX neutral)(1) constant currency basis. NMV of EUR 120.8m,
Slide 13: Dafiti
Dafiti Q2 Q2 H1 H1 EURm Key Performance Drivers 2017 2018 2017 2018 Financial Revenue 92.2 90.9 164.6 166.1 Revenue/ NMV % Growth YoY • Net Revenue for Dafiti was EUR 90.9m for the quarter, growing 19.8% YoY on a constant 19.8% 21.7% (FX neutral)(1) currency basis. • Continued depreciation of Brazil
Slide 14: Lamoda
Lamoda Q2 Q2 H1 H1 EURm Key Performance Drivers 2017 2018 2017 2018 Financial Revenue(1) 101.3 94.5 190.5 175.8 Revenue/ NMV % Growth YoY • Lamoda’s Net Revenue was Euro 94.5m for the quarter and delivered constant currency 8.9% 5.4% (FX neutral pro-forma)(1)(2) growth of 8.9%. • NMV grew to Euro 97
Slide 15: Jumia
Jumia Q2 Q2 H1 H1 EURm 2017 2018 2017 2018 Key Performance Drivers • Jumia is the leading pan-African commerce platform, comprised of: (i) an online GMV marketplace connecting consumers with sellers of products and services, (ii) a logistics service enabling shipping and delivery of packages from se
Slide 16: Westwing
Westwing Q2 Q2 H1 H1 EURm Key Performance Drivers 2017(2) 2018(2) 2017(2) 2018(2) Revenue 51.2 58.4 98.9 120.5 Financial 14.2% 21.9% GMV/ Revenue % Growth YoY • Continued strong revenue growth of 21.9% YoY in H1 2018 increasing to EUR 120.5m Gross Profit 22.0 24.9 42.4 51.1 • Growth driven by strong
Slide 17: H1 2018 Results Rocket Internet SE – Consolidated IFRS Income Statement
H1 2018 Results Rocket Internet SE – Consolidated IFRS Income Statement H1 H1 EURm 2017 2018 Revenue 18.0 23.7 • Revenue increase by 32% primarily driven by New Other operating income 0.6 1.9 Businesses growth (including higher volume of FinTech operations). Result from deconsolidation of subsidiari
Slide 18: H1 2018 Results Rocket Internet SE – Consolidated IFRS Balance Sheet
H1 2018 Results Rocket Internet SE – Consolidated IFRS Balance Sheet Assets Dec 31 Jun 30 Equity and Liabilities Dec 31 Jun 30 EURm 2017 2018 EURm 2017 2018 Non-current assets Equity Property, plant and equipment 2.9 2.8 Subscribed capital 165.1 154.4 Intangible assets 8.9 8.6 Treasury shares (21.1)
Slide 19: Strong Cash Reserves
Strong Cash Reserves Cash at Selected Privately Held Companies(1) Net Cash at Rocket Internet SE(3) as of August 31, 2018 as of August 31, 2018 c. EUR 0.3b(2) EUR 2.1b Source: Unaudited management information. Note(s): (1) Selected privately held companies include: GFG, Jumia and Westwing, i.e. excl
Slide 20: Share Buy-Back Program 2018/19
Share Buy-Back Program 2018/19 On September 20, 2018, Rocket Internet announced a new share buy-back program for up to EUR 150 million and up to 5.5 million shares Key Terms Current Shareholder Structure • Up to EUR 150 million and up to 5,500,000 shares Other Global • This represents up to 3.6% of
Slide 21: Financial Calendar 2018
Financial Calendar 2018 Date Event 9M 2018 Results for Rocket Internet & Selected Companies and November 30, 2018 Capital Markets Day (London) 21
Slide 22: Agenda
Agenda Topic Presenter Peter Kimpel H1 2018 Results for Rocket Internet & Selected Companies CFO Oliver Samwer Summary Remarks Founder and CEO 22
Slide 23: Continued Build & Roll Out of New Ventures & Internet Platforms
Continued Build & Roll Out of New Ventures & Internet Platforms B2B Food Group • Establishment of a global group pooling successful ventures in the B2B food delivery space • Cornerstone ventures will be Berlin- based Caterwings and Australian Germany and Europe Australia corporate catering marketpla
Slide 24: Zalora The Iconic
ZA LO RAS THE ICONIC