Prosus N.v. Class N · EURONEXT:PRX
Prosus N.v. Class N — Shareholder Meeting (August 2025)
21 slides from Prosus N.v. Class N's shareholder meeting presentation, August 2025
Slide 1: Prosus AGM Welcome
prosus PROSUS AGM WELCOME
Slide 2: Our Agenda
OUR AGENDA Building Who Building The Future We Are Just Are We? Ecosystems through Getting Innovation Started
Slide 3: About Me
ABOUT ME ~— Creating the next $100B company
Slide 4: Innovation Is in Our DNA
INNOVATION IS IN OUR DNA ~$136B MARKET CAP AI ECOMMERCE SOCIAL NETWORKS MOBILE NETWORKS PAY TV PRINT AND WE ARE JUST STARTED IN SOUTH GETTING STARTED AFRICA >>> Source: Bloomberg market cap 13 August 2025
Slide 5: Our Culture Is Driven by The Prosus Way
OUR CULTURE IS DRIVEN BY “THE PROSUS WAY” CONNECTION RITUALS IMPACT ENTREPRENEURSHIP MANAGEMENT MODEL KNOWLEDGE SHARING PEOPLE RESULTS INNOVATION 30+ WORKSHOPS
Slide 6: Building the #1 Lifestyle Ecommerce Company in Europe, India and Latin America
WE ARE BUILDING THE #1 LIFESTYLE ECOMMERCE COMPANY IN EUROPE, INDIA AND LATIN AMERICA UNLOCKING AN AI-FIRST WORLD FOR OUR 2B CUSTOMERS
Slide 7: A Global Footprint with Regional Focus on a Path to $200B
A GLOBAL FOOTPRINT WITH REGIONAL FOCUS $136B1 ON A PATH TO $200B EUROPE CHINA INDIA LATAM SOUTH AFRICA Where we started! 1 Source: Bloomberg market cap 13 August 2025
Slide 8: Building the Foundational Model of Commerce
WE ARE INVESTING IN THIS FUTURE BUILDING THE FOUNDATIONAL MODEL OF COMMERCE LANGUAGE REASONING COMMERCE Internet + books Code + Transactions, reviews (2B pages, 7M books) human judgment (Prosus: 10TB data points) Large Commerce Models LLM: predicts texts Agent: thinks, divides Commerce agent: into t
Slide 9: Our Future Is Bright
OUR FUTURE IS BRIGHT FROM TENCENT MINUS TO PROSUS + TENCENT FY26 PROJECTIONS IN US$ +83% 10% YoY IMPROVEMENT DECREASE CORPORATE ECOMMERCE COST (~150M)¹ aEBITDA 1.1 - 1.2B 24% YoY INCREASE OPPORTUNITY FOR GROWTH TENCENT DIVIDEND 1.2B INCREASE Prosus Dividend and Value to Shareholders 1 Based on FY25
Slide 10: We Are Just Getting Started!
WE ARE JUST GETTING STARTED!
Slide 11: Great Start on Profitability in FY26: Q1 14% Ahead
GREAT START ON PROFITABILITY IN FY26: Q1 14% AHEAD ECOMMERCE REVENUE ON TARGET ECOMMERCE EBITDA AHEAD OF TARGET Revenue ($’B) aEBITDA ($’M) 2 14% On revenue target1 ahead of target1 15% YoY Growth 54% YoY Growth 1 Calculated excluding the FX and any M&A related impact Internal targets 2 Ventures and
Slide 12: JET Transaction Approved in Record Time: 5½ Months
JET TRANSACTION APPROVED IN RECORD TIME: 5 ½ MONTHS Phase 1 approval in 5 ½ months vs 1–2 year expectation
Slide 13: FY26 Revenue and aEBITDA May Hit ~$9.4B and ~$1.3B
FY26 REVENUE AND aEBITDA MAY HIT ~$9.4B AND ~$1.3B AS WE INCLUDE JET IN 2H 2 ECOMMERCE REVENUE ($) ECOMMERCE aEBITDA ($) 9.4 - 9.6B 1.3 - 1.4B 6.2B 7.3 – 7.5B 1.1 – 1.2B 5.5B 4.5B 655M 316M (169M) FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 1 Future ambition includes the acquisition of Just Eat Takeaway
Slide 14: We Are Improving Discipline: ~$780M Asset Sales & IPO
WE ARE IMPROVING DISCIPLINE ~$780M ASSET SALES & IPO IN THE LAST 4 MONTHS OPTIMISING OUR PORTFOLIO HIGHLIGHTING VALUE Up to ~$780M $2B so far in FY26 expected in asset sales 3 potential IPO candidates in the next 12 months
Slide 15: Tencent Grew Revenue by 15% and Operating Profit by 18%
TENCENT GREW REVENUE BY 15% AND OPERATING PROFIT BY 18% 2Q25: OUTPERFORMS MARKET EXPECTATIONS1 STRONG PROFITABLE GROWTH IMPRESSIVE PERFORMANCE YoY Revenue growth 15% CONSENSUS: 11%1 $25B Revenue 22% YoY Gross profit growth CONSENSUS: 15%1 $8B Operating +18% YoY profit 1 Bloomberg consensus
Slide 16: Transforming Lives Across Our Ecosystem
TRANSFORMING LIVES ACROSS OUR ECOSYSTEM Over 10,000 people WEF Founding partner lives transformed by Largest electric truck on the Future of Gig fleet in South Africa, our learning programs Work (100,000+ people impacted to date (iFood drivers earn >2.5x minimum over 57% powered by by our initiative
Slide 17: AI: Active Agents Increase from 700 to 2,800
AI: ACTIVE AGENTS INCREASE FROM 700 TO 2,800 IN THE LAST 6 MONTHS Prosus agentic workforce is growing in volume and complexity Our ambition: 10k productive AI employees by calendar year end
Slide 18: Our Buyback Returned $41B
OUR BUYBACK RETURNED $41B WE HAVE BOUGHT BACK 30% OF THE FREE FLOAT THE LARGEST BUYBACK OF ANY TECH COMPANY Buyback as a % of shares outstanding1 $41B VALUE RETURNED 1 As of 13 August 2025, Prosus based on net buyback relative to free float shares. Companies selected from S&P 500, Stoxx 600, Hang Se
Slide 19: Share Price Reached an All Time High of €53
SHARE PRICE REACHED AN ALL TIME HIGH OF €53 AND THE DISCOUNT REDUCTION CREATED $13B Prosus share performance vs Nasdaq, rebased to 100 €52.6 Prosus share price at all time highs Discount reduced from +59% Prosus TTM return ~38% to ~31% creating $13B in the last year +26% Nasdaq TTM return Source: Bl
Slide 20: Thank You!!
THANK YOU!! WE ARE JUST GETTING STARTED!
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