Delivery Hero SE

Investor Presentation • Apr 27, 2023

Q1 2023 Trading Update 27 April 2023

Table of contents

01	Financial Update
02	Case Studies
03	Outlook
04	Appendix

Q1 2023 key highlights

Delivery Hero excl. Asia grew GMV by 16% YoY - every segment outside of Asia generated double-digit GMV growth

GMV growth in Asia turned positive again in April (in local currency)1 driven by acceleration in Korea

Gross Profit margin of the Platform business continues to expand and now reached >7% of GMV

Adj. EBITDA improved by ~€250m YoY to -0.1% of GMV2 – more than €30m ahead of budget

Convertible bond refinancing strengthened the balance sheet and improved maturity profile

4 out of 5 segments generating double-digit GMV growth in Q1 2023

Note: YoY growth rates in red are constant currency and in black reported currency

1. GMV in the Integrated Verticals segment is accounted for in the respective regional Platform segments. In the charts above it is shown in the Integrated Verticals segment for illustrative purposes only

Positive GMV and Revenue development despite difficult COVID comp

Key highlights

• § COVID-reopening effect in Korea (Q1 2022: +35% YoY in LC1) and significant profitability push weighing on GMV growth in Q1 2023
• § Double-digit revenue growth driven by higher commission from own-delivery, AdTech revenues, service and subscription fees as well as increasing Dmarts contribution
• § GMV growth in South Korea accelerated again to ~3% YoY in April in local currency2

Q1 2023 Asia Platform business

Key Highlights

• § GMV growth materially influenced by the COVID re-opening effect and the high comparative figures (Q1 2022: +35% YoY in local currency)
• § Constant Gross Profit margin expansion (Q1 2023: +2.2pp YoY) driven by higher basket sizes, lower cost per order and reduced vouchering
• § Adj. EBITDA uplift of ~€170m YoY for the entire Asia Platform business in Q1 2023 resulting in an adj. EBITDA/GMV margin of 1.3%

Q1 2023 MENA Platform business

• § Continuous healthy GMV growth of 16% YoY in Q1 2023 despite negative impact from early Ramadan and natural disaster in Turkey
• § Hungerstation growing further in Saudi Arabia through improved service and subscription roll-out
• § Started ramping-up own delivery in Turkey to improve customer experience and continued focus on affordability initiatives

Note: YoY growth rates in red are constant currency and in black reported currency

MENA revenues, adj. EBITDA, Gross Merchandise Value (GMV) as well as the respective growth rates are impacted by operations in Lebanon and Turkey qualifying as hyperinflationary economies according to IAS 29. In Q1 2023, GMV & revenues have been retrospectively adjusted with a total impact of €9.1m and €0.5m, respectively 1. Includes reported current growth rates for Lebanon and Turkey in the constant currency calculation due to the effects of hyperinflation

Q1 2023 Europe Platform business

Key Highlights

• § Further roll-out of own-delivery driving own-delivery share to 63% in Q1 2023 (incl. Glovo)
• § Strengthening our vendor portfolio by expanding high-quality restaurant base
• § Continued Gross Profit margin expansion through strategic pricing levers along with lower delivery costs due to improved logistics efficiency
• § Planned rebranding of individual European brands to foodora to increase advertising efficiency

Note: YoY growth rates in red are constant currency and in black reported currency The European Platform financials presented on this slide include Glovo on a Like-for-Like basis as if Glovo would have been acquired on 1 January 2021

Q1 2023 Americas Platform business

• § Strong GMV development despite difficult COVID comp and profitability improvements
• § Service fees have now been introduced in most of the countries in the Americas region
• § Continuously growing markets and taking share
• § Profitability to continue to improve and adj. EBITDA close to break-even by the end of the year (after Group costs)

Note: YoY growth rates in red are constant currency and in black reported currency

Americas revenues, adj. EBITDA, Gross Merchandise Value (GMV) as well as the respective growth rates are impacted by the Argentine operations qualifying as hyperinflationary economy according to IAS 29 In Q1 2023, GMV and Segment Revenue have been retrospectively adjusted with a total impact of €-9.6m and €-2.7m, respectively

Q1 2023 Integrated Verticals

Key Highlights

• § Very solid GMV growth despite further optimization of global footprint (1,079 stores) and clear focus on unit economics
• § GMV per store and Gross Profit margin continue to increase every single quarter leading to an improvement of the negative adj. EBITDA of the Dmarts business by 27% YoY in Q1 2023
• § Plan to rationalize another ~150 loworder stores in Q2 and Q3 2023 to drive Dmart utilization and increase profitability

Note: YoY growth rates in red are constant currency and in black reported currency

Integrated Verticals revenues, adj. EBITDA, Gross Merchandise Value (GMV) as well as the respective growth rates are impacted by operations in Argentina and Turkey qualifying as hyperinflationary economies according to IAS 29. In Q1 2023, GMV & revenues have been retrospectively adjusted with a total impact of €-0.3m and €-0.3m, respectively The Integrated Verticals business includes Glovo on a Like-for-Like basis as if Glovo would have been acquired on 1 January 2021

Sustained positive contribution margin confirms the success of own-delivery

Key Highlights

• § MENA with constantly high margins despite logistics roll-out in new areas (e.g. Turkey, Egypt, Jordan)
• § AdTech on track to reach NCR revenue target of >€2bn by FY 2024/25. Ad revenues with high adj. EBITDA margins of >70%

• § Voucher intensity (incl. Glovo) at 1.9% of GMV in Q1 and expected to decline further during FY 2023

• Voucher costs correspond to marketing initiatives to incentivize the acquisition of new users or the retention of existing users

^1. Contribution margin relates to Platform business and includes the costs of the physical delivery of the order as well as the transmission and support costs of the order (i.e. payment costs, dispatching costs, customer support). The contribution margin shown above differs from IFRS gross profit, because the former excludes certain non-commission revenue like advertising revenues, whereas the latter excludes i.e. customer support costs, bad debt expenses

Gross Profit margin expansion in the entire Platform business

Platform business Gross Profit margin as % of GMV

Key Highlights

• § Gross Profit margin of the Platform business at >7% in Q1 2023, with Americas and MENA already close to the low-end of the long-term margin target of 10-13%
• § Significant Gross Profit margin expansion at Glovo starting in Q3 2022 driving fast profitability improvement
• § Gross Profit margin in Asia influenced by historically low margins in Korea

^1. The Gross Profit margin shown above differs from IFRS Gross Profit, mainly because the former excludes vouchers and includes them in marketing spending, whereas the latter recognizes vouchers as revenue reduction

Strong progress on Gross Profit margin despite moderate GMV growth

Gross Profit to adj. EBITDA for the Group (as % of GMV): Q1 2022 to Q1 2023

Gross Profit to adj. EBITDA for the Group (as % of GMV): Q1 2023 to Long-Term

Annual Results FY 2022

Final results for FY 2022 (not on pro-forma basis)

-796 -467 1.4 pp. margin improvement YoY 32.5 42.8 FY '21 FY '22 GMV (€bn) 6.4 9.2 Total Segment Revenue (€bn) FY '21 FY '22 Adj. EBITDA (€m and % of GMV) FY '21 FY '22 +32% +44% +41% -2.4% -1.1%

Key highlights

• § Strong GMV increase in FY 2022 despite easing of COVID restrictions based on healthy organic growth and the consolidation of Glovo and Woowa
• § Significant reduction in adj. EBITDA loss in FY 2022 mainly driven by the Platform business, while investments in Integrated Verticals increased

Note: YoY growth rates in black are reported currency. Values include Glovo and Woowa since the closing of the acquisition and not on a pro-forma basis

Negative earnings in FY 2022 materially influenced by non-cash items

Comment

• § Management adjustments include expenses related to corporate transactions, financing rounds, reorganization measures and legal matters
• § Goodwill impairment related to increased cost of capital, higher risk premiums, inflation and application of IAS 29
• § Other financial result includes fair value remeasurement losses of financial instruments and foreign currency result of €-257m
• § Others include the result of equity accounted investees of €-121m

Ample liquidity and balanced long-term debt maturity profile

Note: Liquidity figure is presented pro-forma for placement of 2030 convertible bonds and partial buyback of 2024/2025 convertible bonds in February 2023. Free Cash Flow is calculated as cash flow from operations less capex for tangible and intangible assets, payment of lease liabilities and income taxes paid 1. 2030 convertible bond has an investor put option in August 2028

Table of contents

Cohort development

Steady increase in frequency and active customers driving GMV expansion

Monthly average order frequency

Monthly average number of orders per active customer

Active Customers in South Korea

• 3.5x 2.0x 2.7x 3.7x § New cohorts usually exhibit a higher order frequency than previous cohorts
• 3.3x 2.1x 2.6x 1.7x 3.5x § The cohorts acquired in 2020 and 2021 showed exceptionally stronger first years due to COVID lockdowns

2.2x

Note: Cohort refers to customers grouped by the calendar year in which they first placed an order with Delivery Hero. Numbers including Woowa on a pro-forma basis. Numbers do not include Glovo. Data from discontinued entities are not included

South Korea Update

Considerable earnings growth and cash conversion at Woowa Group

Key highlights

• § Woowa with a very strong position and continues to further develop the local market
• § Roll-out of own-delivery at improved unit economics. OD share of 15% in Korea vs. DH Group2 of ~80% offers further upside
• § Successful launch of AdTech in the Seoul area

Note: Figures above include both Platform and Integrated Verticals in South Korea and Vietnam. YoY growth rates in reported currency 1. Free Cash Flow is calculated as cash flow from operations less capex for tangible and intangible assets, payment of lease liabilities and income taxes paid 2. Excluding Woowa

Path to profitability

• § Profitable Platform business
• § Unprofitable Platform business
• § Integrated Verticals
• § Group

Earnings outlook for profitable Platform business improved

Adj. EBITDA in the profitable Platform1 business

Continued adj. EBITDA expansion of profitable countries (~65% of GMV2 1 ) Nearly 70% of the Americas³ segment will turn profitable in FY 2023 (~5% of GMV2 2 ) Conversion of additional unprofitable countries to profitability in FY 2023 (~5% of GMV2 3 ) 4 Beneficial impact of operating leverage on corporate overhead

FY 2023 and beyond

• § Achieved an adj. EBITDA run-rate of €1.0bn in Q4 2022 and on track to expand by >30% in 2023, driven primarily by EBITDA growth in profitable countries and countries moving to profitability
• § Profitable Platform businesses to generate >€1.3bn adj. EBITDA run-rate in Q4 2023E

• § ~75%2 of the Platform business is expected to be profitable in FY 2023

• Platform business includes the 4 regional business segments Asia, MENA, Europe, Americas and excludes Integrated Verticals.

• Based on the grouping of individual countries FY 2023 GMV as a percentage of Group GMV.

• Based on FY 2023 GMV estimates for individual countries as a percentage of the Americas segment's GMV.

Path to profitability

• § Profitable Platform business
• § Unprofitable Platform business
• § Integrated Verticals
• § Group

Constant reduction of negative adj. EBITDA contribution

Adj. EBITDA (in €m) for the unprofitable Platform business1 Comment

Adj. EBITDA/GMV margin

• § Significant improvement in adj. EBITDA as markets scale. Adj. EBITDA margin now expected to reach around -2.5% in Q4 2023
• § Unprofitable Platform markets consists of:
• § Start-up markets: Very early-stage countries. Strong market position but too early to claim leadership. Small absolute amount of losses. ~15% of unprofitable markets GMV
• § Leadership: Very high growth. Significant amount of investments as we are still early stage. 75% of unprofitable markets GMV
• § Second place: Roughly 10% of unprofitable markets GMV

Path to profitability

• § Profitable Platform business
• § Unprofitable Platform business
• § Integrated Verticals
• § Group

Dmarts continue to improve their profitability, trending towards break-even

• § Dmarts represent ~75% of losses in the Integrated Verticals segment
• § Gross Profit margin has improved by 9 percentage points YoY and now is close to break-even. Positive Gross Profit expected in H2 2023 (incl. Glovo)
• § 7 best-in-class Dmart countries already generating a positive adj. EBITDA and best performing country at adj. EBITDA/GMV margin of >7%1

Path to profitability

• § Profitable Platform business
• § Unprofitable Platform business
• § Integrated Verticals
• § Group

Generating constant margin improvement

Adj. EBITDA/GMV margin on Group level

Comments

• § Adj. EBITDA margin of the Platform business has historically improved by ~1% per year, with the last 2 years seeing a stronger margin development
• § Integrated Verticals showing fast pace of improvements, with adj. EBITDA expected to improve by almost 50% YoY in Q4 2023
• § Group adj. EBITDA margin in Q1 2023 expanded by >2 percentage points YoY and is now close to break-even

Table of contents

Outlook for Delivery Hero Group in FY 2023

Updating our long-term ambitions

We plan to grow our GMV substantially, invest in tech & innovation to further expand our leadership as the #1 delivery player globally, and achieve highly attractive margins and cash flows

Table of contents

Delivery Hero KPIs (Pro Forma Data)

	2022
in €m	Q1	Q2	H1	Q3	Q4	FY	2023 Q1
Delivery Hero Group
GMV	11,035.4	10,776.0	21,811.4	11,449.4	11,353.7	44,614.5	11,198.9
% YoY Growth (RC)	32.1%	19.8%	25.8%	12.3%	8.8%	17.5%	1.5%
% YoY Growth (CC)	-	-	-	7.6%	7.9%	-	2.1%
Total Segment Revenue	2,231.3	2,325.2	4,556.5	2,498.7	2,534.5	9,589.7	2,494.3
% YoY Growth (RC)	48.4%	36.2%	41.9%	28.0%	20.7%	32.0%	11.8%
% YoY Growth (CC)	-	-	-	20.3%	17.6%	-	12.2%
Intersegment consolidation1	(46.2)	(49.2)	(95.3)	(53.8)	(50.7)	(199.8)	(55.3)
Adj. EBITDA			(479.3)			(623.6)
EBITDA Margin % (GMV)			-2.2%			-1.4%
Asia
GMV	6,948.7	6,489.8	13,438.6	6,804.5	6,667.3	26,910.4	6,462.1
% YoY Growth (RC)	35.5%	16.1%	25.4%	2.2%	2.1%	12.6%	-7.0%
% YoY Growth (CC)	34.9%	13.7%	23.8%	-0.7%	3.4%	11.4%	-5.8%
Segment Revenue	928.0	937.8	1,865.8	970.1	967.7	3,803.6	924.1
% YoY Growth (RC)	49.7%	30.2%	39.2%	13.6%	10.4%	23.9%	-0.4%
% YoY Growth (CC)	46.7%	25.4%	35.3%	8.6%	10.6%	20.8%	1.0%
Adj. EBITDA			(80.5)			57.0
EBITDA Margin % (GMV)			-0.6%			0.2%
MENA
GMV	1,932.4	2,015.0	3,947.5	2,260.6	2,334.2	8,542.3	2,254.8
% YoY Growth (RC)	25.7%	24.6%	25.1%	28.2%	27.0%	26.4%	16.7%
% YoY Growth (CC)	18.4%	13.1%	15.7%	13.6%	17.6%	15.7%	16.0%
Segment Revenue	491.1	514.9	1,006.0	594.1	618.3	2,218.4	593.9
% YoY Growth (RC)	50.9%	43.3%	46.9%	42.0%	34.5%	41.9%	20.9%
% YoY Growth (CC)	41.3%	28.6%	34.6%	23.9%	22.8%	28.3%	18.6%
Adj. EBITDA			40.1			130.8
EBITDA Margin % (GMV)			1.0%			1.5%

Note:

The Glovo transaction closed on 4 July 2022. The pro forma financial information includes Glovo from 1 January 2022 onwards and reflects the Glovo Group based on Spanish GAAP with selected adjustments in accordance with Delivery Hero accounting guidelines. For Group, MENA, Americas and Integrated Verticals, revenues, adj. EBITDA, Gross Merchandise Value (GMV) as well as the respective growth rates are impacted by the Argentine, Lebanese and/or Turkish operations qualifying as hyperinflationary economies according to IAS 29.

RC = Reported Currency / CC = Constant Currency.

1 Difference between Total Segment Revenue and the sum of segment revenues is mainly due to intersegment consolidation adjustments for services charged by the Platform businesses to the Integrated Verticals businesses.

Delivery Hero KPIs (Pro Forma Data)

	2022
in €m	Q1	Q2	H1	Q3	Q4	FY	Q1
Europe
GMV	1,596.1	1,596.7	3,192.9	1,604.7	1,772.8	6,570.4	1,809.5
% YoY Growth (RC)	26.2%	20.9%	23.5%	27.3%	17.7%	22.7%	13.4%
% YoY Growth (CC)	-	-	-	27.9%	19.2%	-	14.9%
Segment Revenue	320.5	329.5	650.0	312.8	356.3	1,319.1	351.5
% YoY Growth (RC)	13.4%	8.9%	11.1%	9.6%	10.6%	10.6%	9.7%
% YoY Growth (CC)	-	-	-	10.3%	12.6%	-	11.6%
Adj. EBITDA			(159.3)			(297.6)
EBITDA Margin % (GMV)			-5.0%			-4.5%
Americas
GMV	558.1	674.4	1,232.5	779.6	579.4	2,591.4	672.5
% YoY Growth (RC)	32.8%	45.3%	39.4%	51.8%	3.5%	32.4%	20.5%
% YoY Growth (CC)	31.0%	40.1%	35.8%	44.5%	-2.8%	27.0%	16.9%
Segment Revenue	149.3	177.9	327.1	202.2	152.3	681.6	176.6
% YoY Growth (RC)	39.4%	48.4%	44.2%	53.3%	1.1%	33.8%	18.3%
% YoY Growth (CC)	37.6%	43.3%	40.6%	45.7%	-5.2%	28.4%	14.7%
Adj. EBITDA			(80.0)			(132.8)
EBITDA Margin % (GMV)			-6.5%			-5.1%
Integrated Verticals
GMV	426.1	456.6	882.6	496.3	520.9	1,899.9	531.0
% YoY Growth (RC)	116.0%	76.2%	93.4%	55.7%	45.0%	67.5%	24.6%
% YoY Growth (CC)	-	-	-	46.1%	40.8%	-	26.2%
Segment Revenue	388.6	414.3	802.9	473.3	490.6	1,766.8	503.4
% YoY Growth (RC)	108.5%	72.0%	88.0%	57.3%	47.0%	66.4%	29.6%
% YoY Growth (CC)	-	-	-	47.8%	42.9%	-	31.3%
Adj. EBITDA			(199.6)			(380.8)
EBITDA Margin % (GMV)			-22.6%			-20.0%

GMV in the Integrated Verticals segment is accounted for in the respective regional Platform segments. In the table above it is shown in the Integrated Verticals segment for illustrative purposes only.

Note:

The Glovo transaction closed on 4 July 2022. The pro forma financial information includes Glovo from 1 January 2022 onwards and reflects the Glovo Group based on Spanish GAAP with selected adjustments in accordance with Delivery Hero accounting guidelines.

For Group, MENA, Americas and Integrated Verticals, revenues, adj. EBITDA, Gross Merchandise Value (GMV) as well as the respective growth rates are impacted by the Argentine, Lebanese and/or Turkish operations qualifying as hyperinflationary economies according to IAS 29.

RC = Reported Currency / CC = Constant Currency.

Very attractive long-term margins and high cash conversion

(in % of GMV)	FY 2022	FY 2023	Long-term range	Comments
Gross Profit	6.0%		10% to 13%	§ Driven by pricing, advertising, order stacking and improving profitability of Dmarts
Marketing	(3.2)%		< (3)%	§ High focus on improved marketing efficiency while continuing to grow at scale
Opex and others	(4.2)%		< (3)%	§ Top-line growth combined with strict cost control to drive operating leverage
Adj. EBITDA	(1.4)%	>0.5%	5% to 8%	§ Best-in-class markets already generating 5-7% adj. EBITDA (as % GMV)
Capex	(0.6)%	stable	~(0.3)%	§ Stable in FY 2023 due to office expansion in several countries. Long-term capex lower for POS devices, Dmarts and properties
Change in Working Capital	small inflow	small inflow	small inflow	§ Positive cash generation as business scales driven by active Working Capital management
Lease payments	(0.3)%	stable	~(0.2)%	§ Growth at slower rate vs. GMV
Taxes	(0.2)%		(0.9)% to (1.9)%	§ Long-term cash tax rate of ~25% corresponds to (0.9) to (1.9)% of GMV
Free Cash Flow	negative	Break-even during H2 2023	3% to 6%	§ Highly attractive long-term cash conversion
Share-based comp. (SBC)	(0.8)%	stable	≤ (0.8)%	§ Growth at slower rate vs. GMV
				Impacts: improve increase

Note:

Definitions

• § Gross Merchandise Value (GMV) is the total value paid by customers (including VAT, delivery fees, other fees and subsidies but excluding subscription fees, tips and delivery-as-a-service fee).
• § Total Segment Revenue is defined as revenue in accordance with IFRS 15, excluding the effect of vouchers, discounts and other reconciliation effects. Difference between total segment revenue and the sum of segment revenues is mainly due to intersegment consolidation adjustments for services charged by the Platform Businesses to the Integrated Verticals Businesses.
• § Free cash flow is defined as adj. EBITDA CAPEX lease payments +/- changes in working capital taxes.
• § Constant currency provides an indication of the business performance by removing the impact of foreign exchange rate movements. Due to hyperinflation in Argentina, Lebanon and Turkey we have included reported current growth rates for Argentina, Lebanon and Turkey in the constant currency calculation to provide a more accurate picture of the underlying business.
• § AdTech or advertising refers to non-commission based revenues (NCR) which also include other revenues (e.g. merchandise).
• § MENA revenues, adj. EBITDA, GMV, as well as the respective growth rates, are impacted by the operations in Lebanon and Turkey qualifying as hyperinflationary economies according to IAS 29 (Lebanon: since October 2020, Turkey: since June 2022).
• § Americas revenues, adj. EBITDA, GMV, as well as the respective growth rates, are impacted by the Argentine operations qualifying as hyperinflationary economy according to IAS 29 (Argentina: since September 2018).
• § Integrated Verticals revenues, adj. EBITDA, GMV as well as the respective growth rates are impacted by operations in Argentina and Turkey qualifying as hyperinflationary economies according to IAS 29.
• § Contribution margin of own-delivery relates to Platform business and includes the costs of the physical delivery of the order as well as the transmission and support costs of the order (i.e. payment costs, dispatching costs, customer support).
• § Pro Forma adjustments: Financial data is shown on a pro forma basis, including Woowa and Glovo and excluding Delivery Hero Korea from 1 January 2021 onwards; historic data has been restated. The Woowa transaction closed 4 March 2021. The divestment of Delivery Hero Korea closed on 29 October 2021. The Glovo transaction closed on 4 July 2022.

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 SE. Delivery Hero SE 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 SE 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 SE ("Forward-looking Statements"). These Forward-looking Statements can be identified by the use of forward-looking 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 SE's intentions, beliefs or current expectations concerning, among other things, Delivery Hero SE'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 SE's prospects, growth, strategies, the industry in which it operates, and the effect of acquisitions on Delivery Hero SE 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 SE's prospects, growth, strategies and the industry in which it operates are consistent with the Forwardlooking Statements contained in this presentation or past performance, those developments may not be indicative of Delivery Hero SE'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 SE in respect of the achievement of such Forward-looking Statements and assumptions.

Investor Relations Contact

Christoph Bast Head of IR christoph.bast@deliveryhero.com

Bruno Priuli Director IR bruno.priuli@deliveryhero.com

Dennis Bader Director IR dennis.bader@deliveryhero.com

Laura Hecker Senior Manager IR laura.hecker@deliveryhero.com

41

Loredana Strîmbei

Specialist IR loredana.strimbei@deliveryhero.com

ir@deliveryhero.com

T: +49 (0)30 54 4459 105 Oranienburger Straße 70, 10117 Berlin, Germany

ir.deliveryhero.com