Slide 1: H1 2017 Results Rocket Internet Group & Selected Companies
H1 2017 Results Rocket Internet Group & Selected Companies 28 SEPTEMBER 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 H1 2017 Results Rocket Internet Group & Selected Companies H1 2017 Financial Results – Selected Companies – Rocket Internet Group 3
Slide 4: Agenda – Selected Companies
Agenda Topics H1 2017 Financial Results – Selected Companies – Rocket Internet Group 4
Slide 5: Rocket Internet's Selected Companies at a Glance
Rocket Internet’s Selected Companies at a Glance H1 2016 H1 2017 Improvement (EURb) 1.37 Aggregate 1.06 GMV(1) YoY Growth: 30% (EURb) 1.24 Aggregate 0.96 Revenue YoY Growth: 29% (%) Aggregate Adj. EBITDA YoY Improvement: +7.6pp Margin(2,3) (12.0) (19.6) (EURb) Aggregate Adj. EBITDA(3) YoY Reduction:
Slide 6: Continued Increase in Revenue Across Selected Companies
Continued Increase in Revenue Across Selected Companies EURm 700 600 500 400 YoY Growth (Q2 2017 / Q2 2016) 300 +29% 0 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Aggregate financials include: HelloFresh, Jumia, Westwing, Home24 and GFG (excluding Namshi). Source:
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 Q2 2017 0 (50) (100) YoY Reduction (150) (Q2 2017 / Q2 2016) EUR 21m (200) Aggregate financials include: HelloFresh, Jumia, Westwing, Home24 and GFG (excluding
Slide 8: Continued Increase in Revenue
Continued Increase in Revenue EURm 1,400 122 13 1,238 1,225 144 (0) 1,050 959 875 700 525 350 175 0 H1 2016 Food & Groceries Fashion(1) General Merchandise Home & Living H1 2017 Source: Unaudited consolidated financial information based on IFRS and management reports of HelloFresh, GFG, Jumia, Westw
Slide 9: Continued Topline Growth
Continued Topline Growth Topline(1) Growth H1 2016 – H1 2017 80% Regional businesses of GFG 60% 55% 49% 40% 31% 29% 21% 21% 20% 16% 7% 4% - Overall weighted average Food & General Home & Living Groceries Fashion(2) Merchandise Source: Unaudited consolidated financial information based on IFRS and ma
Slide 10: Adj. EBITDA Margins Improved Significantly at Selected Companies
Adj. EBITDA Margins Improved Significantly at Selected Companies Margin Improvement +5pp +9pp +8pp +4pp +11pp (1) (1) (2) Adj. EBITDA Margin (5%) (8%) (9%) (9%) Total (11%) (12%) (16%) (18%) (21%) Total (20%) Adj. EBITDA margin improvement (38%) (H1 2017 / H1 2016) Adj. EBITDA Margin H1 2016 +7.6pp
Slide 11: Losses Reduced as Companies Scale
Losses Reduced as Companies Scale EURm (1) (2) Total (6) (10) (12) (25) (46) (44) (47) (54) (52) (69) (161) Adj. EBITDA H1 2016 in EURm Adj. EBITDA H1 2017 in EURm (204) Source: Unaudited consolidated financial information based on IFRS and management reports of HelloFresh, GFG, Jumia, Westwing and
Slide 12: HelloFresh
HelloFresh Q2 Q2 H1 H1 EURm 2016 2017 2016 2017 Key Performance Drivers Revenue 150.1 230.1 291.5 435.4 Financial • As of Q2 2017, HelloFresh is the largest player globally by revenue, active customers and % Growth YoY 53.3% 49.4% reach. • Further acceleration of year-on-year revenue growth to 53% i
Slide 13: Global Fashion Group (GFG)
Global Fashion Group (GFG) H1 2017 Revenue EURm 600 (1) 511 500 400 300 195 200 165 151 100 80 0 (deconsolidated as of H1 2017) 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 ad
Slide 14: GFG Consolidated
GFG Consolidated (excl. Jabong and Namshi) Q2 Q2 H1 H1 EURm Key Performance Drivers 2016(2) 2017(2) 2016(2) 2017(2) Revenue 224.5 281.9 388.7 510.6 Financial % Growth YoY 25.6% 31.4% • Revenue for the quarter was EUR 281.9m representing a YoY growth of 25.6% on a Euro basis and 16.0% on a constant c
Slide 15: Lamoda
Lamoda Q2 Q2 H1 H1 EURm Key Performance Drivers 2016 2017 2016 2017 Financial Revenue 74.0 103.1 125.6 194.7 • Lamoda achieved NMV and Revenue YoY growth of 38.7% and 39.3% on a Euro basis 19.1% 27.0% in Q2 2017; and YoY growth of 17.1% and 19.1% on a constant currency basis in Q2 % Growth YoY (FX n
Slide 16: Dafiti
Dafiti Q2 Q2 H1 H1 EURm Key Performance Drivers 2016 2017 2016 2017 Financial Revenue 78.6 92.2 135.8 164.6 • Dafiti delivered increased NMV and Revenue YoY growth of 14.4% and 7.7% on a constant currency basis in Q2 2017, respectively, with further strong Marketplace NMV % Growth YoY (FX neutral)(1
Slide 17: Zalora & The Iconic
Zalora & The Iconic Q2 Q2 H1 H1 EURm Key Performance Drivers 2016(2) 2017 2016(2) 2017 Financial Revenue 70.4 86.2 124.5 151.1 • Zalora and The Iconic delivered stronger Q2 2017 growth in NMV and Revenue as compared to Q1 2017. On a constant currency and pro-forma basis, Q2 2017 NMV and % Growth YoY
Slide 18: Namshi (not included in GFG Financials)
Namshi (not included in GFG Financials) Q2 Q2 H1 H1 EURm Key Performance Drivers 2016 2017 2016 2017 Financial Revenue 34.4 43.5 67.1 80.2 • In Q2 2017, Revenue and NMV grew YoY by 20.5% and 19.5% on a constant currency basis, which represents a significantly stronger growth compared to YoY growth i
Slide 19: Jumia
Jumia Q2 Q2 H1 H1 EURm Key Performance Drivers 2016 2017 2016 2017 GMV 58.1 74.5 119.0 138.0 Financial % Growth YoY 28.2% 16.0% • Solid topline growth in Q2 2017: • +66% GMV YoY growth on a constant currency basis (+28% on a variable Revenue 14.6 18.3 37.7 37.5 currency basis). • +58% Revenue YoY in
Slide 20: Westwing
Westwing Q2 Q2 H1 H1 EURm Key Performance Drivers 2016 2017 2016 2017 Revenue 61.3 62.5 117.9 122.6 Financial % Growth YoY 1.9% 4.0% • Continued focus on efficiency improvements resulting in decreasing losses and Adj. EBITDA being close to break-even. Gross Profit 25.4 27.3 50.2 53.5 • Margin improv
Slide 21: Home24
Home24 Q2 Q2 H1 H1 EURm Key Performance Drivers 2016 2017 2016 2017 Revenue 59.6 64.7 123.5 131.8 Financial % Growth YoY 8.4% 6.7% • Revenue in Q2 2017 at EUR 64.7m (YoY growth of 8.4%). • Continued focus on efficiency improvements resulting in an increasing gross margin of Gross Profit 21.7 27.9 49
Slide 22: Agenda – Rocket Internet Group
Agenda Topics H1 2017 Financial Results – Selected Companies – Rocket Internet Group 22
Slide 23: H1 2017 Results Rocket Internet SE – Consolidated IFRS Income Statement
H1 2017 Results Rocket Internet SE – Consolidated IFRS Income Statement EURm H1 2016 H1 2017 • Revenue decline is due to a reduction of services rendered to network companies as well as deconsolidations, sale (La Revenue 28.6 18.0 Nevera Roja and Pizzabo in early 2016) or discontinuation of Internal
Slide 24: H1 2017 Results Rocket Internet SE – Consolidated IFRS Balance Sheet
H1 2017 Results Rocket Internet SE – Consolidated IFRS Balance Sheet Assets Dec 31 Jun 30 Equity and Liabilities Dec 31 Jun 30 EURm 2016 2017 EURm 2016 2017 Non-current assets Equity Property, plant and equipment 3.5 3.0 Subscribed capital 165.1 165.1 Intangible assets 2.1 9.0 Capital reserves 3,099
Slide 25: Strong Cash Reserves
Strong Cash Reserves Cash at Operating Companies Cash at Rocket Internet SE as of August 31, 2017 as of August 31, 2017 EUR 1.5b EUR 1.2b Gross Cash Net Cash (3) c. EUR 0.8b(1) EUR 1.9b EUR 1.6b (Selected Companies and Regional Internet Groups(2)) Gross Cash Net Cash(3) Source: Unaudited management
Slide 26: Financial Calendar
Financial Calendar Events Date Event 9M 2017 Results for Rocket Internet & Selected Companies Thursday, November 30, 2017 Capital Markets Day (London) 26
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