Delivery Hero SE

Earnings Release • Nov 27, 2017

Q3 2017 RESULTS

27th November 2017

Our Clear Vision

AMAZING FOOD

AMAZING ORDERING

Create an amazing takeaway experience

AMAZING SERVICE

Financial Highlights 9M 2017

• Like-for-Like (LfL) Year-over-Year (Y-o-Y) Growth (%) for LfL definition, please refer to appendix.
• ¹ Total segment revenues. Group revenues 9M 2017 of €394m, reconciling effect primarily relate to food, order and delivery services where the Group is considered to act as principal as results of country specific service arrangements.

Continuous Track Record of Growth

+69% Y-o-Y Revenue Growth Constant Currency Basis

• All in unit millions and €millions, Like-for-Like (LfL).
• ¹ Total segment revenues.

Q3 2017 Operational Achievements

• Continued growth driven by clear market leadership positions and strong customer frequency
• Additional marketing spend in Q3 provided good return on investment
• v • Continued roll-out of own-delivery in MENA and Americas
• On track to finalize full integration of the foodpanda business web & app interfaces in Q4
• Sale of UK business unconditionally cleared by CMA

Growth across all segments

• All in unit millions and €millions, Like-for-Like (LfL).
• 1 Total segment revenues (Group)

Orders

GMV

Revenues

1

We Remain on Track to Meet our IPO Guidance

Guidance 2017 Confirmed

We confirm and narrow our full year guidance:

Revenues for the full year 2017 will be at the top of the range approximately €540m

Adj. EBITDA margin for the full year 2017 will be approximately -17%

Financial Calendar 2018

Date	Event
Feb 7, 2018	Full-Year 2017 Trading Update
Apr 26, 2018	Annual Report 2017
May 9, 2018	Q1 Quarterly Statement 2018
Jun 6, 2018	Annual General Meeting
Sep 13, 2018	Half-Year Report 2018
Nov 7, 2018	Q3/9M Quarterly Statement 2018

APPENDIX

Definitions

• All numbers are excluding UK operations (discontinued operations).
• "Like for like" presents Delivery Hero's results for the first half of 2016 as if the acquisition of foodpanda had occurred on 1 January 2016 and excludes contributions from operations reported in discontinued operations. In addition, please note that:
• No adjustments have been made for Hungerstation (first fully consolidated in July 2016).
• Asia KPIs exclude our former operations in China, which were sold in May 2016.
• Revenues presented for Delivery Hero represent the total segment revenues. Group revenues 9M 2017 of €394m, reconciling effect primarily relate to food, order and delivery services where the Group is considered to act as principal as results of country specific service arrangements.

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Important Notice

• For the purposes of this notice, "presentation" means this document, its contents or any part of it. This presentation does not, and is not intended to, constitute or form part of, and should not be construed as, an offer to sell, or a solicitation of an offer to purchase, subscribe for or otherwise acquire, any part of it form the basis of or be relied upon in connection with or act as any inducement to enter into any contract or commitment or investment decision whatsoever.
• This presentation is neither an advertisement nor a prospectus and should not be relied upon in making any investment decision to purchase, subscribe for or otherwise acquire any securities. The information and opinions contained in this presentation are provided as at the date of this presentation, are subject to change without notice and do not purport to contain all information that may be required to evaluate Delivery Hero AG. Delivery Hero AG undertakes no obligation to update or revise this presentation. No reliance may or should be placed for any purpose whatsoever on the information contained in this presentation, or any other information discussed verbally, or on its completeness, accuracy or fairness.
• The information in this presentation is of preliminary and abbreviated nature and may be subject to updating, revision and amendment, and such information may change materially. Neither Delivery Hero AG nor any of its directors, officers, employees, agents or affiliates undertakes or is under any duty to update this presentation or to correct any inaccuracies in any such information which may become apparent or to provide any additional information.
• The presentation and discussion contain forward looking statements, other estimates, opinions and projections with respect to anticipated future performance of Delivery Hero AG ("Forward-looking Statements"). These Forward-looking Statements can be identified by the use of forwardlooking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "aims", "plans", "predicts", "may", "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These Forward-looking Statements include all matters that are not historical facts. They appear in a number of places throughout this presentation and include statements regarding Delivery Hero AG's intentions, beliefs or current expectations concerning, among other things, Delivery Hero AG's prospects, growth, strategies, the industry in which it operates and potential or ongoing acquisitions. By their nature, Forward-looking Statements involve significant risks and uncertainties, because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking Statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Similarly, past performance should not be taken as an indication of future results, and nor representation or warranty, express or implied, is made regarding future performance. The development of Delivery Hero AG's prospects, growth, strategies, the industry in which it operates, and the effect of acquisitions on Delivery Hero AG may differ materially from those made in or suggested by the Forward-looking Statements contained in this presentation or past performance. In addition, even if the development of Delivery Hero AG's prospects, growth, strategies and the industry in which it operates are consistent with the Forward-looking Statements contained in this presentation or past performance, those developments may not be indicative of Delivery Hero AG's results, liquidity or financial position or of results or developments in subsequent periods not covered by this presentation. Any Forward-Looking Statements only speak as at the date of this presentation is provided to the recipient and it is up to the recipient to make its own assessment of the validity of any Forward-looking Statements and assumptions. No liability whatsoever is accepted by Delivery Hero AG in respect of the achievement of such Forward-looking Statements and assumptions.