Slide 1: Q1 2017 Results Rocket Internet Group & Selected Companies
Q1 2017 Results Rocket Internet Group & Selected Companies 31 MAY 2017
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 Topics Q1 2017 Financial Results - Selected Companies - Rocket Internet Group 2
Slide 4: Selected Companies Q1 2017 Results
Selected Companies Q1 2017 Results
Slide 5: Rocket Internet's Selected Companies at a Glance
Rocket Internet’s Selected Companies at a Glance Q1 2016 Q1 2017 Improvement (EURb) 0.68 Aggregate 0.54 GMV(1) YoY Growth: 27% (EURb) 0.62 Aggregate 0.48 Revenue YoY Growth: 28% (%) Aggregate Adj. EBITDA YoY Improvement: +7.9pp Margin(2,3) (14.7%) (22.6%) (EURb) Aggregate Adj. EBITDA(3) YoY Reductio
Slide 6: Continued Increase in Revenue Across Selected Companies
Continued Increase in Revenue Across Selected Companies EURm 700 600 500 YoY Growth 400 (Q1 2017 / Q1 2016) +28% 300 200 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Aggregate financials include: HelloFresh, GFG, Jumia, Westwing and Home24. Source: Unaudited consolidated f
Slide 7: Continued Improvements in Adj. EBITDA Across Selected Companies
Continued Improvements in Adj. EBITDA Across Selected Companies EURm Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 0 (50) (100) YoY Reduction (150) (Q1 2017 / Q1 2016) EUR 20m (200) Aggregate financials include: HelloFresh, GFG, Jumia, Westwing and Home24. Source: Unaudited
Slide 8: Continued Increase in Revenue
Continued Increase in Revenue EURm 68 (4) 7 617 64 482 Q1 2016 Food & Groceries Fashion General Merchandise Home & Living Q1 2017 Source: Unaudited consolidated financial information based on IFRS and management reports of HelloFresh, GFG, Jumia, Westwing and Home24. Please refer to the appendix for
Slide 9: Continued Topline Growth
Continued Topline Growth Topline(1) Growth Q1 2016 – Q1 2017 Regional businesses of GFG 78% 45% 35% 27% 27% 20% 12% 6% 4% 5% Overall weighted average Food & General Home & Fashion(2) Groceries Merchandise Living Source: Unaudited consolidated financial information based on IFRS and management report
Slide 10: Adj. EBITDA Margins Improved Significantly at Selected Companies
Adj. EBITDA Margins Improved Significantly at Selected Companies Margin +5pp +11pp +4pp +5pp +9pp Improvement (1) (2) Adj. EBITDA Margin (6%) (11%) (11%) Total (13%) (15%) Adj. EBITDA (14%) margin improvement (19%) (20%) (Q1 2017 / Q1 2016) Total +7.9pp (24%) (23%) Adj. EBITDA margin Q1 2016 Adj. EB
Slide 11: Losses Reduced as Companies Scale
Losses Reduced as Companies Scale (1) Total EURm (4) (6) (7) (13) (25) (24) (27) (30) (33) (47) (98) (118) Adj. EBITDA Q1 2016 in EURm Adj. EBITDA Q1 2017 in EURm Source: Unaudited consolidated financial information based on IFRS and management reports of HelloFresh, GFG, Jumia, Westwing and Home24.
Slide 12: HelloFresh
HelloFresh FY FY Q1 Q1 EURm 2015 2016 2016 2017 Key Performance Drivers Revenue 305.0 597.0 141.4 205.3 Financial Continued strong YoY topline growth and significant QoQ revenue growth Q1 typically the strongest seasonal quarter % Growth YoY 95.8% 45.2% Continued investment in further growth g
Slide 13: Delivery Hero on Continued Growth Path in Q1 2017
Delivery Hero on Continued Growth Path in Q1 2017 Orders (m)(1) GMV (EURm)(2) Revenue (EURm) Like for like growth +46% +49% +68% 846 63 121 +62% +62% +93% 39 521 63 Q1 2016 Q1 2017 Q1 2016 Q1 2017 Q1 2016 Q1 2017 Rocket Internet economic ownership: 33.1%(3) Source: As reported by Delivery Hero on
Slide 14: Global Fashion Group (GFG)
Global Fashion Group (GFG) Q1 2017 Revenue EURm (1) 265 92 72 65 37 Source: GFG’s unaudited consolidated financial information based on IFRS and management reports. Please refer to the appendix for more information on the figures and any adjustments made. Note(s): (1) GFG consolidated revenue; diffe
Slide 15: GFG Consolidated
GFG Consolidated (excl. Jabong) FY FY Q1 Q1 EURm 2015(2) 2016(2) 2016(2) 2017(2) Key Performance Drivers Revenue 808.0 1,023.1 196.9 265.3 Financial % Growth YoY 26.6% 34.7% Continued revenue and NMV growth across all regions Group revenue for the quarter was EUR 265.3m, representing growth of 3
Slide 16: Lamoda
Lamoda FY FY Q1 Q1 EURm 2015 2016 2016 2017 Key Performance Drivers Revenue 235.2 305.1 51.5 91.6 Financial Strong NMV and revenue growth on a constant currency basis of 31.5% and 37.3% % Growth YoY (FX neutral)(1) 39.6% 37.3% respectively Cold spring with impact on the early sales of the Spring
Slide 17: Dafiti
Dafiti FY FY Q1 Q1 EURm 2015(2) 2016(2) 2016(2) 2017(2) Key Performance Drivers Revenue 254.4 315.5 57.2 72.4 Financial % Growth YoY Q1 2017 NMV and revenue growth on a constant currency pro-forma basis was 9.8% 1.8% 5.1% and 1.8% respectively, supported by marketplace business consolidation in (F
Slide 18: Namshi
Namshi FY FY Q1 Q1 EURm 2015 2016 2016 2017 Key Performance Drivers Revenue 107.8 136.2 32.7 36.7 Financial NMV and revenue continued to show modest growth on a constant currency basis of % Growth YoY (FX neutral)(1) 26.1% 8.5% 8.7% and 8.5% for Q1 2017 respectively, despite continued Saudi Arabia
Slide 19: Zalora & The Iconic
Zalora & The Iconic FY FY Q1 Q1 EURm 2015(2) 2016(2) 2016(2) 2017 Key Performance Drivers Revenue 207.6 261.2 54.1 64.9 Financial % Growth YoY Positive NMV and revenue growth on a constant currency and pro-forma basis of 35.6% 20.5% 20.3% and 20.5% respectively in Q1 2017 (FX neutral pro-forma)(1,
Slide 20: Jumia
Jumia FY FY Q1 Q1 EURm 2015 2016 2016 2017 Key Performance Drivers GMV 320.5 276.9 60.9 63.5 Financial % Growth YoY (13.6%) 4.4% GMV is growing in Q1 2017 vs. Q1 2016, while being impacted by FX scarcity and devaluation in Nigeria and Egypt (at constant currency, growth of GMV is 33%) Revenue 144.
Slide 21: Westwing
Westwing FY FY Q1 Q1 EURm 2015 2016 2016 2017 Key Performance Drivers Revenue 219.2 250.4 56.6 60.1 Financial % Growth YoY 14.2% 6.2% Continued focus on profitability improvement Positive adj. EBITDA margin development mainly driven by operational efficiency Gross Profit 92.6 106.3 24.8 26.2 and
Slide 22: Home24
Home24 FY FY Q1 Q1 EURm 2015 2016(2) 2016(2) 2017(2) Key Performance Drivers Revenue 233.7 243.8 63.8 67.1 Financial % Growth YoY 4.3% 5.2% Revenue in Q1 2017 at EUR 67.1m (growth of 5.2% vs. Q1 2016 and 1.7% vs. previous quarter Q4 2016) on all time high while still focus on efficiency Gross Prof
Slide 23: Rocket Internet Group Q1 2017 Results
Rocket Internet Group Q1 2017 Results
Slide 24: Rocket Internet Group – Consolidated IFRS Income Statement
Q1 2017 Results Rocket Internet Group – Consolidated IFRS Income Statement EURm Q1 2016 Q1 2017 Revenue – decline due to deconsolidations, sale (La Revenue 15.1 8.7 Nevera Roja and Pizzabo in early 2016) or Internally produced and capitalized assets 0.9 - discontinuation of previously fully consolid
Slide 25: Rocket Internet Group – Consolidated IFRS Balance Sheet
Q1 2017 Results Rocket Internet Group – Consolidated IFRS Balance Sheet Assets Dec 31 Mar 31 Equity and Liabilities Dec 31 Mar 31 EURm 2016 2017 EURm 2016 2017 Non-current assets Equity Property, plant and equipment 3.5 3.2 Subscribed capital 165.1 165.1 Intangible assets 2.1 1.4 Capital reserves 3,
Slide 26: Strong Cash Reserves
Strong Cash Reserves Cash at Operating Companies Cash at Rocket Internet SE as of April 30, 2017 as of April 30, 2017 ca. EUR 0.8b(1) EUR 1.5b EUR 1.2b (Selected Companies and Regional Internet Groups(2)) Gross Cash Net Cash(3) Source: Unaudited management information. Note(s): (1) Cash position inc
Slide 27: Financial Calendar
Financial Calendar Date Event Friday, June 2, 2017 FY 2016 Rocket Internet SE Annual General Meeting Thursday, September 28, 2017 H1 2017 Results for Rocket Internet & Selected Companies Thursday, November 30, 2017 9M 2017 Results for Rocket Internet & Selected Companies and Capital Markets Day 26
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