AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Delivery Hero SE

Investor Presentation Feb 9, 2023

94_ip_2023-02-09_d4ccd660-f0d7-4f0b-a38f-8a4b12ad039b.pdf

Investor Presentation

Open in Viewer

Opens in native device viewer

Q4 2022 Trading Update 9 February 2023

Table of contents

Healthy topline growth and material profitability improvement in Q4 2022

Note: YoY growth rates in red are reported currency and in black are constant currency. From Q1 2021 onwards, all values include Glovo on a pro-forma basis. 1. On a constant currency basis, applying the average monthly FX rate during Q3 2022 to Q4 2022

Q4 2022 key highlights

GMV growth of 9% YoY and Total Segment Revenue growth of 21% YoY despite COVID reopening effects in Asia and hyperinflation adjustments in Argentina

High margin AdTech business grew revenues to a run-rate of >€750m in Q4 2022

Adj. EBITDA/GMV margin uplift from -3.3% in Q4 2021 to -0.3% in Q4 2022 for the Group (incl. Glovo) Adj. EBITDA of €56m in Q4 2022 in the Platform business (incl. Glovo)

Integrated Verticals adj. EBITDA loss of €345m in FY 2022 better than guidance of €380m to €400m

Finished the year with strong cash balance of €2.4bn

Adj. EBITDA margin for the Group at the upper end of the guidance

FY 2022 Guidance and Outcome
Metrics Guidance Outcome
GMV Lower end of
€44.7 -
€46.9bn
€44.6bn
(€44.9bn on CC1
basis)
Total Segment Revenue Lower end of
€9.8 -
€10.4bn
€9.6bn
(€9.6bn on CC1
basis)
Adj. EBITDA (1.4)% -
(1.5)%
of GMV
(1.4)%
of
GMV
of which:

Platform business (excl. Glovo)
Positive adj. EBITDA €36m
Integrated Verticals (excl. Glovo)
Negative €380 to €400m Negative €345m

Glovo
Up to negative €300m Negative €304m

Platform business incl. Glovo
in Q4 2022
Below the mid-point of €40 to €120m €56m

Q4 2022 Asia Platform business

Key Highlights

  • GMV in Asia grew by 2% YoY in Q4 2022, despite Covid reopening effects across the region. South Korea with low single-digit GMV growth YoY in Q4 2022 and low competitive intensity
  • Sequential GMV growth of 1% QoQ in Asia on a constant currency basis1 in Q4 2022
  • Constant gross profit margin expansion throughout the year to 8.6% in Q4 2022 in Southeast Asia. Business now well placed to scale efficiently
  • Segment turned profitable with adj. EBITDA/GMV margin at 1.0% in H2 2022

Q4 2022 MENA Platform business

  • Strong GMV growth of 27% YoY in Q4 2022. On constant currency basis, GMV growth accelerated to 18% YoY compared to 14% in Q3 and 13% in Q2 2022
  • Successful launch of subscription and better customer experience strengthen our leadership position in Saudi Arabia
  • Talabat improved position in all relevant markets while increasing adj. EBITDA, demonstrating the strength of our product and brand
  • Adj. EBITDA/GMV margin for the segment doubled from 1.0% in H1 2022 to 2.0% in H2 2022

Note: YoY growth rates in red are reported currency and in black are constant 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 Q4 2022, GMV & revenues have been retrospectively adjusted with a total impact of -€25.3m and -€4.9m, respectively.

  1. Includes reported current growth rates for Lebanon and Turkey in the constant currency calculation due to the effects of hyperinflation.

Q4 2022 Europe Platform business

Key Highlights

  • Strong GMV growth in Europe despite inflationary pressure across the region, with basket growth and seasonal uptick in Q4 2022
  • Continued to expand AdTech revenue to 2.7% of GMV (excl. Glovo) in Q4 2022
  • Further improvement in profitability resulted in positive adj. EBITDA in H2 2022 (excl. Glovo)

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

Q4 2022 Americas Platform business

  • GMV growth of 40% YoY in Q4 2022, excl. the impact from hyperinflation accounting, driven by healthy customer demand and growing basket sizes
  • Delivering on its path to profitability. Adj. EBITDA margin improved from -6.5% in H1 2022 to -3.9% in H2 2022

Note: YoY growth rates in red are reported currency and in black are constant 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 Q4 2022 GMV and Segment Revenue have been retrospectively adjusted with a total impact of -€134.1m and -€34.8m, respectively.

Q4 2022 Integrated Verticals

Key Highlights

  • Robust GMV growth despite further optimization of global footprint (1,137 stores) and clear focus on unit economics
  • Gross profit margin for the Dmarts business +15 percentage points YoY in Q4 2022 (excl. Glovo)
  • Global roll-out of new AdTech solution for Dmarts. Signed first contract with global FMCG company in December

Note: YoY growth rates in red are reported currency and in black are constant 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 Q4 2022, GMV & revenues have been retrospectively adjusted with a total impact of -€1.5m and -€11.7m, respectively. The Integrated Verticals business includes Glovo on a Like-for-Like basis as if Glovo would have been acquired on 1 January 2021

Expanding fully loaded contribution margin during the year

Key Highlights

  • Positive trend of improving contribution margin after vouchers with Americas reaching a new record-high
  • AdTech drove NCR run-rate to >€750m in Q4 2022 – on track to reach >€2bn by FY 2024/25
  • Voucher intensity (incl. Glovo) continued to decline to 1.9% compared to 2.0% in Q3 2022 (as % of GMV)

  • 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

Total cash of €2.4bn available

in €bn1

Key drivers

  • Adj. EBITDA losses reduced to only €0.1bn in H2 2022
  • Capex/GMV of 0.5% in H2 2022 as we optimized expenditure in both Platform business and Dmarts
  • Cash outflow of €0.3bn for interest, leasing, taxes and others, while working capital generated a cash inflow
  • Net cash inflow of €0.1bn from divestments (e.g. Rappi, Zomato) and other M&A transactions
  • Undrawn RCF of €425m and portfolio of minority investments worth >€500m as potential source of liquidity if desired

Table of contents

Our markets are expected to grow faster than most advanced economies

  • Global coverage: present in over 70 countries (~2.2bn people)
  • Strong leadership position: 90%1 of GMV generated in countries where we are #1

Delivery Hero's global footprint Expected real GDP growth in 2023

Our top 15 markets represent >80% of our current GMV and will continue to show healthy GDP growth in both 2023 (+2.2%) and 2024 (+2.9%)

Source: International Monetary Fund (October 2022 and January 2023). For 2024, data also sourced from the European Commission, Statista, Trading Economics and World Bank. 1. Management estimates based on publicly available data

Outlook for Delivery Hero Group in FY 2023

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

Figures for FY 2022 include Glovo on a pro-forma basis. Cash flow items based on full year management estimates Gross profit is based on management accounts and differs from IFRS gross profit

Confirming our 2030 ambitions

By 2030, 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)

in
€m
2021 2022
Q
1
Q
2
H
1
Q
3
Q
4
F
Y
Q
1
Q
2
H
1
Q
3
Q
4
F
Y
Delivery Hero Group
GMV 8,352.4 8,991.3 17,343.7 10,197.7 10,433.5 37,974.8 11,035.4 10,776.0 21,811.4 11,449.4 11,353.7 44,614.5
% YoY Growth (RC) - - - - - - 32.1% 19.8% 25.8% 12.3% 8.8% 17.5%
% YoY Growth (CC) - - - - - - - - - 7.6% 7.9% -
Total Segment Revenue 1,503.3 1,706.6 3,210.0 1,952.5 2,100.1 7,262.5 2,231.3 2,325.2 4,556.5 2,498.7 2,534.5 9,589.7
% YoY Growth (RC) - - - - - - 48.4% 36.2% 41.9% 28.0% 20.7% 32.0%
% YoY Growth (CC) - - - - - - - - - 20.3% 17.6% -
Intersegment consolidation1 (18.2) (36.2) (54.4) (38.0) (42.8) (135.2) (46.2) (49.2) (95.3) (53.8) (50.7) (199.8)
Adj. EBITDA (469.1) (1,087.3) (479.3) (623.6)
EBITDA Margin % (GMV) -2.7% -2.9% -2.2% -1.4%
Asia
GMV 5,129.4 5,588.6 10,718.0 6,659.9 6,529.2 23,907.0 6,948.7 6,489.8 13,438.6 6,804.5 6,667.3 26,910.4
% YoY Growth (RC) 83.2% 68.2% 75.0% 72.1% 40.1% 63.1% 35.5% 16.1% 25.4% 2.2% 2.1% 12.6%
% YoY Growth (CC) 88.3% 71.0% 78.9% 70.0% 40.8% 64.4% 34.9% 13.7% 23.8% -0.7% 3.4% 11.4%
Segment Revenue 620.1 720.2 1,340.4 853.7 876.6 3,070.7 928.0 937.8 1,865.8 970.1 967.7 3,803.6
% YoY Growth (RC) 113.2% 84.2% 96.6% 89.7% 61.8% 83.5% 49.7% 30.2% 39.2% 13.6% 10.4% 23.9%
% YoY Growth (CC) 121.5% 90.2% 103.5% 88.4% 60.6% 85.6% 46.7% 25.4% 35.3% 8.6% 10.6% 20.8%
Adj. EBITDA (202.2) (396.6) (80.5)
EBITDA Margin % (GMV) -1.9% -1.7% -0.6%
MENA
GMV 1,537.7 1,617.3 3,155.0 1,763.4 1,837.5 6,755.9 1,932.4 2,015.0 3,947.5 2,260.6 2,334.2 8,542.3
% YoY Growth (RC) 60.7% 96.7% 77.4% 46.2% 36.1% 55.8% 25.7% 24.6% 25.1% 28.2% 27.0% 26.4%
% YoY Growth (CC) 83.2% 123.8% 102.0% 52.0% 38.9% 68.4% 18.4% 13.1% 15.7% 13.6% 17.6% 15.7%
Segment Revenue 325.5 359.3 684.9 418.5 459.6 1,562.9 491.1 514.9 1,006.0 594.1 618.3 2,218.4
% YoY Growth (RC) 60.9% 116.6% 86.0% 70.0% 64.2% 74.8% 50.9% 43.3% 46.9% 42.0% 34.5% 41.9%
% YoY Growth (CC) 79.4% 142.4% 107.8% 74.2% 63.2% 84.6% 41.3% 28.6% 34.6% 23.9% 22.8% 28.3%
Adj. EBITDA 65.0 105.7 40.1
EBITDA Margin % (GMV) 2.1% 1.6% 1.0%

Note:

Pro forma financial information includes Woowa and Glovo and excludes Delivery Hero Korea from 1 January 2021 onwards respectively. The Woowa, Delivery Hero Korea and Glovo transactions closed on 4 March 2021, 29 October 2021 and 4 July 2022 respectively. The pro forma financial information reflects Glovo group based on Spanish GAAP with selected adjustments in accordance with Delivery Hero accounting guidelines. Prior period adjustments are excluded from the pro forma financial information presented. 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)

2021 2022
in
€m
Q
1
Q
2
H
1
Q
3
Q
4
F
Y
Q
1
Q
2
H
1
Q
3
Q
4
F
Y
Europe
GMV 1,265.1 1,321.1 2,586.3 1,260.9 1,506.8 5,354.0 1,596.1 1,596.7 3,192.9 1,604.7 1,772.8 6,570.4
% YoY Growth
(RC)
- - - - - - 26.2% 20.9% 23.5% 27.3% 17.7% 22.7%
% YoY Growth
(CC)
- - - - - - - - - 27.9% 19.2% -
Segment Revenue 282.6 302.5 585.1 285.3 322.2 1,192.6 320.5 329.5 650.0 312.8 356.3 1,319.1
% YoY Growth
(RC)
- - - - - - 13.4% 8.9% 11.1% 9.6% 10.6% 10.6%
% YoY Growth
(CC)
- - - - - - - - - 10.3% 12.6% -
Adj.
EBITDA
(128.2) (317.4) (159.3)
EBITDA Margin % (GMV) -5.0% -5.9% -5.0%
Americas
GMV 420.1 464.3 884.4 513.4 559.9 1,957.8 558.1 674.4 1,232.5 779.6 579.4 2,591.4
% YoY Growth
(RC)
159.2% 86.1% 114.9% 70.4% 53.9% 81.8% 32.8% 45.3% 39.4% 51.8% 3.5% 32.4%
% YoY Growth
(CC)
172.6% 90.9% 123.0% 71.8% 54.0% 85.4% 31.0% 40.1% 35.8% 44.5% -2.8% 27.0%
Segment Revenue 107.0 119.9 226.9 131.9 150.7 509.6 149.3 177.9 327.1 202.2 152.3 681.6
% YoY Growth
(RC)
182.8% 109.6% 138.8% 82.1% 67.7% 98.0% 39.4% 48.4% 44.2% 53.3% 1.1% 33.8%
% YoY Growth
(CC)
196.7% 114.7% 147.4% 83.4% 67.9% 101.6% 37.6% 43.3% 40.6% 45.7% -5.2% 28.4%
Adj.
EBITDA
(80.2) (157.5) (80.0)
EBITDA Margin % (GMV) -9.1% -8.0% -6.5%
Integrated
Verticals
GMV 197.3 259.2 456.5 318.8 359.3 1,134.6 426.1 456.6 882.6 496.3 520.9 1,899.9
% YoY Growth
(RC)
- - - - - - 116.0% 76.2% 93.4% 55.7% 45.0% 67.5%
% YoY Growth
(CC)
- - - - - - - - - 46.1% 40.8% -
Segment Revenue 186.3 240.8 427.2 300.9 333.7 1,061.9 388.6 414.3 802.9 473.3 490.6 1,766.8
% YoY Growth
(RC)
- - - - - - 108.5% 72.0% 88.0% 57.3% 47.0% 66.4%
% YoY Growth
(CC)
- - - - - - - - - 47.8% 42.9% -
Adj.
EBITDA
(123.4) (321.4) (199.6)
EBITDA Margin % (GMV) -27.0% -28.3% -22.6%

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:

Pro forma financial information includes Woowa and Glovo and excludes Delivery Hero Korea from 1 January 2021 onwards respectively. The Woowa, Delivery Hero Korea and Glovo transactions closed on 4 March 2021, 29 October 2021 and 4 July 2022 respectively. The pro forma financial information reflects Glovo group based on Spanish GAAP with selected adjustments in accordance with Delivery Hero accounting guidelines. Prior period adjustments are excluded from the pro forma financial information presented. 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

Argentina impacted by hyperinflation accounting (IAS 29)

IAS 29 Drivers for hyperinflation adjustments in Argentina in Q4 2022

  • IAS 29 is an accounting standard that applies to the financial statements of companies whose functional currency is the currency of a hyperinflationary economy. Financial statements should be expressed in current purchasing power at the reporting date
  • Hyperinflation accounting is conducted monthly and YTD numbers must be restated to express current purchasing power and translated at closing rate for consolidation purposes
  • Argentina qualifies as hyperinflationary economy since Sep 2018, which affects revenues & adj. EBITDA of the Americas segment. For consistency, Delivery Hero applies the same principles to GMV, as one of the most used KPI for our business performance expressed in monetary terms

Source: Bloomberg, National Institute of Statistics and Censuses of the Argentine Republic (INDEC)

Note: Americas Gross Merchandise Value (GMV), segment revenues, adj. EBITDA, as well as the respective growth rates are impacted by the Argentine operations qualifying as hyperinflationary economy according to IAS 29. In Q4 2022 GMV and Segment Revenue have been retrospectively adjusted with a total impact of -€134.1m and -€34.8m, respectively.

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 and other discounts. 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 [email protected]

Bruno Priuli Director IR

[email protected]

Dennis Bader

Director IR [email protected]

Laura Hecker Senior Manager IR [email protected]

Loredana Strîmbei Specialist IR [email protected]

[email protected]

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

ir.deliveryhero.com

Talk to a Data Expert

Have a question? We'll get back to you promptly.