Kanzhun Ltd. · NASDAQ:BZ
Kanzhun — Q1 2024 Earnings Presentation
17 slides from Kanzhun's earnings presentation, May 21, 2024
Slide 1: 1Q 2024 Results Presentation
KANZHUN LIMITED 1Q 2024 Results Presentation
Slide 2: Disclaimer
Disclaimer The following document has been prepared by KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) solely for informational purposes and should not be construed to be, directly or indirectly, in whole or in part, an offer to buy or sell and/or an invitation and/or a recommendation and/or a soli
Slide 3: Company Overview
Company Overview
Slide 4: We are the Largest Online Recruitment Platform in China
We are the Largest Online Recruitment Platform1 in China Strong growth momentum, far outpacing the industry Our Fast Growing MAU 46.6MM MM Avg MAU in 2024Q1 50 17.4% YoY Growth 45 MAU 40 35 RMB 1.70BN 30 Revenues in 2024Q1 25 5.7MM Paid Enterprise Customers3 20 15 10 RMB 530.7MM 5 Adjusted Net Incom
Slide 5: A New Way of Hiring – the Next Gen Online Recruitment Platform
A New Way of Hiring – the Next Gen Online Recruitment Platform… We introduce a disruptive mobile-native direct recruitment model with better convenience, accuracy, efficiency and transparency Mobile-native Recommendation Feeds + Direct Chat = BOSS Zhipin Information Communication A disruptive model
Slide 6: Result in Reaching Full-spectrum of Job-seekers and Employers
… Result in Reaching Full-spectrum of Job-seekers and Employers We capture incremental market opportunities and serve more users in the online recruitment industry Expanded user reach Accurate job and candidate Massive scale Fairer traffic distribution capturing underserved recommendation ma
Slide 7: Our Innovative Technology Reinforces Strong Network Effects
Our Innovative Technology Reinforces Strong Network Effects Double-sided user ecosystem, accumulated data and advanced technology enhance our competitive advantage More Opportunities More Interaction More Superior More Job Innovative More Data Employers Services Seekers Technology Insights More Choi
Slide 8: Financial Highlights
Financial Highlights
Slide 9: Our Solid Revenue Growth
Our Solid Revenue Growth Driven by continued user growth, improved paying ratio and stable ARPPU Revenues Growth Drivers RMB MM 1,703.8 33.4%1 Robust enterprise user growth supported by our strong network effect and full spectrum of user coverage 1,277.5 Improved paying ratio back by our highly effi
Slide 10: ... with Enhanced Operating Efficiency...
… with Enhanced Operating Efficiency… Improving operating efficiency testifies the effectiveness of our business model Adjusted Operating Cost and Expenses1 RMB MM Adjusted gross margin1 81.5% 83.3% 284.5 16.7% 236.6 18.5% 508.8 29.9% 568.4 44.5% 364.9 21.4% 242.4 19.0% 114.0 165.6 9.7% 8.9% 2023Q1
Slide 11: ... Lead to Improving Profitability Capability
… Lead to Improving Profitability Capability Proven and continuously improved profitability Adjusted Operating Income1 Adjusted Net Income1 RMB MM RMB MM Adjusted Adjusted 10.6% 23.0% 19.2% 31.1% operating margin1 net margin1 392.6 530.7 116.6%2 190.8%2 245.0 135.0 2023Q1 2024Q1 2023Q1 2024Q1 Notes:
Slide 12: Our Robust Operating Cash Flow and Strong Cash Position
Our Robust Operating Cash Flow and Strong Cash Position Strong cash generation capability and ample cash on hand Operating Cash Flow RMB MM RMB 11.9BN 905.5 Cash Position2 as of March 31, 2024 Cash Position & 66.5%1 Cash Management 543.9 RMB 472MM Free Cash Flow3 for the quarter ended March 31, 2024
Slide 13: Appendix
Appendix
Slide 14: Unaudited Selected Income Statement Data
Unaudited Selected Income Statement Data For the year ended March 31， 2023 2024 (All amounts in thousands, except for percentages) RMB RMB Revenues 1,277,546 1,703,753 Operating cost and expenses Cost of revenues (247,164) (295,439) Sales and marketing expenses (628,838) (579,270) Research and devel
Slide 15: Unaudited Selected Cash Flow Data
Unaudited Selected Cash Flow Data For the three months ended March 31, 2023 2024 (All amounts in thousands) RMB RMB Net cash provided by operating activities 543,910 905,541 Net cash used in investing activities (3,962,775) (523,462) Net cash provided by/(used in) financing activities 45,789 (104,57
Slide 16: Unaudited Selected Balance Sheet Data
Unaudited Selected Balance Sheet Data As of December 31，2023 March 31, 2024 (All amounts in thousands) RMB RMB ASSETS Current assets Cash and cash equivalents 2,472,959 2,747,166 Short-term time deposits 6,922,803 5,320,927 Short-term investments 3,513,885 3,833,494 Other current assets 463,390 713,
Slide 17: THANK YOU!
THANK YOU! Contact Us: ir@kanzhun.com https://ir.zhipin.com/ BOSS直聘 1616