Slide 1: Uber Acquisition of Postmates Global All Hands
Uber Acquisition Global All Hands of Postmates July 6, 2020
Slide 2: Forward Looking Statements
Forward Looking Statements This communication contains forward-looking statements to obtain, or delays in obtaining, required regulatory approvals, us and/or Postmates; and economic, financial, social or political regarding Uber Technologies, Inc.’s (“Uber,” “we” or “our”) future any reverse termina
Slide 3: Additional Information
Additional Information Postmates’ Operating Results No Offer or Solicitation Important Additional Information Will be Filed with the SEC Postmates' financial and operational measures presented in this This communication shall not constitute an offer to sell or the Uber will file with the SEC a regis
Slide 4: Contents
Contents 01 Transaction Overview 02 Strategic Rationale
Slide 5: Transaction Overview
Transaction Overview
Slide 6: The Deal
The Deal Uber to acquire 100% of Postmates in an all stock transaction Transaction Overview • The transaction is valued at approximately $2.65 billion, on a fully diluted basis, subject to a net debt adjustment • Postmates stockholders will receive 100% stock consideration • Uber equity issued in th
Slide 7: Postmates Overview
Southwest regional leadership with Postmates Overview high-quality restaurant selection • Strong Southwest presence, key cities include: Los Angeles, Las Vegas, Orange County, San Diego, Phoenix Financial Performance – Q1 2020 • 115K+ active, partnered restaurants, with significant exposure to SMBs
Slide 8: Strategic Rationale
Strategic Rationale
Slide 9: Strategic Rationale
Strategic Rationale 01 Large, growing and dynamic industry 02 Complementary assets that broaden and strengthen the combined company 03 Transaction expected to benefit consumers, restaurants and delivery people while delivering significant synergies and shareholder value
Slide 10: Online food delivery is large, growing and dynamic
Strategic Rationale 01 Online food delivery is large, growing and dynamic Online food delivery Combination positions us to Dynamic environment, with represents only a fraction compete with a growing set innovation across multiple of the total opportunity of players categories, including new delivery
Slide 11: Uber Eats + Postmates
Strategic Rationale 02 Uber Eats + Postmates UberEats Postmates Uber Eats + Gross Bookings Q2 Gross Bookings growth of over 100% YoY1 Q2 Gross Bookings growth of over 67%2 YoY and over 50% QoQ Geographic Mix Global: Operations in 34 countries and leading3 position representing significant majority o
Slide 12: Increase in scale is expected to enable significant cost synergies
Strategic Rationale 03 Combination benefits all sides of the marketplace Increase in scale is • Opportunity to eliminate redundant expenditures while expected to enable improving operating efficiency significant cost • Anticipate $200+ million of synergies run-rate synergies one year after close • T
Slide 13: Combination drives shareholder value
Strategic Rationale 03 Combination drives shareholder value Consumers More choices and lower prices + Restaurants Increased demand and lower costs Delivery People More work opportunities and improved earnings
Slide 14: Uber
Uber