Delivery Hero SE

Investor Presentation • Aug 16, 2022

Q2 2022 Trading Update 16 August 2022

Table of contents

Overview

• Financial Update
• Case Studies

Outlook

Appendix

OUR VISION

Always delivering an amazing experience

Fast, easy, and to your door

Global leader in food delivery and quick commerce

Confirming our 2030 ambitions

Growth Achieve €200bn to €350bn GMV by 2030

Leadership #1 player in all markets1

Innovation #1 preferred delivery app¹

Profitability Achieve 5-8% adj. EBITDA/GMV margin²

By 2030, we plan to grow our GMV substantially, invest in tech & innovation to expand our leadership as the #1 delivery player globally, and deliver on our path to profitability with attractive long-term margins and cash flow

Table of contents

Overview

• Financial Update
• Case Studies

Outlook

Appendix

Q2 2022 key highlights

Strong GMV growth of +18% and Total Segment Revenue growth of +38% YoY, despite Covid-reopening

Gaining market share in key regions (e.g. South Korea, Taiwan, Saudi Arabia, Argentina)

New record high contribution margin in own-delivery, driven by Asia and Europe

Platform business already at break-even on adj. EBITDA level in May & June¹ . Asia segment (66% of Group GMV) even generated a positive adj. EBITDA for the entire Q2 2022

More than 50% of Glovo's GMV now contributes a positive adj. EBITDA²

Further ramp-up in Group profitability expected in H2 2022, while maintaining high investments in competitive markets

Strong Group GMV and revenue growth in Q2 2022 (excl. Glovo)

1. 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 (Q2 2022: -€49.2m). All values including Woowa and excluding Delivery Hero Korea

2. Includes reported current growth rates for Argentina, Lebanon and Turkey in the constant currency calculation due to the effects of hyperinflation in Argentina, Lebanon and Turkey RC=Reported Currency / CC=Constant Currency

Expect 7% QoQ growth in Q3 to €10.6bn (€11.5bn incl. Glovo)

Q2 2022 Asia Platform business

Strong start to Q3 with expected QoQ GMV growth of 8% to €7bn

Key highlights

AOV increased by almost 20% due to strong execution on basket size initiatives. Clear focus on value customers via new audience targeting tool

Introduced services fees in 3 markets, with good results. Taiwan launched in June. Rollout to further markets where we see rational competition

Successful introduction of Ad Tech (CPC) in South Korea, with positive vendor adoption rates right from the beginning and high Return on Advertising Spend (ROAS) for our vendors

Asia Platform (66% of Group GMV) reached break-even and generated a positive adj. EBITDA in Q2 2022¹ for the first time

Q2 2022 MENA Platform business

Key highlights

Achieved a record GMV of €2.0bn in Q2 2022, with 4% QoQ growth despite seasonal impact from Ramadan in April. GMV growth excl. Turkey was 35% YoY in Q2 2022

Turkey migrated very successfully to Pandora platform, realizing synergies on technology and product level, while more importantly improving customer experience. Non-subsidized GMV now 8-16% above pre-migration period

Gaining market share across the region while growing adj. EBITDA (excl. Turkey) in H1 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 Q2 2022, GMV & revenues have been retrospectively adjusted with a total impact of +€40.6m and +€3.5m, respectively. Q2 2022 adjustment also include a retrospective adjustment for Turkey in Q1 2022. 1. Includes reported current growth rates for Lebanon and Turkey in the constant currency calculation due to the effects of hyperinflation.

Q2 2022 Europe Platform business (excl. Glovo)

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

1. Divestment of certain operations in the Balkan region in June 2021 and Romania in December 2021. Announcement of downscaling the business in Germany to a Berlin Tech Hub in December 2021

2. Non commission-based revenue (NCR) mainly include advertising products

Q2 2022 Americas Platform business

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 Argentinian operations qualifying as hyperinflationary economy according to IAS 29. In Q2 2022 GMV and Segment Revenue have been retrospectively adjusted with a total impact of +€37.4m and +€8.9m, respectively

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

Q2 2022 Integrated Verticals

Key highlights

Strong growth in GMV per store which is a core driver for profitability

Reached suitable customer coverage with current store network as competition is expected to remain rational. Built out further stores only where/when store capacity is reached

Only 3 Dmart net additions in Q2 2022 with a total of 1,125 at the end of June. Planning rationalization of 50-100 less efficient stores during H2 2022

Basket size up 27% YoY in Q2 2022. Expect to continue to rise as product recommendations being improved and customer adoption increases

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 Q2 2022 GMV & revenues have been retrospectively adjusted with a total impact of +€6.9m and +€5.9m, respectively. Q2 2022 adjustment also include a retrospective adjustment for Turkey in Q1 2022. The agent business with local vendors is captured in the platform business segments. DH Kitchens is capturing various types of kitchen models

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

Constant improvement in contribution margin

Contribution margin¹of own-delivery (before voucher costs² ) as % of GMV Values including Woowa since Q2 2022 and excl. Delivery Hero Korea

Contribution margin in own-delivery now close to 7% on Group level and further margin expansion expected in H2 2022

Asia now in line with Group contribution margin for own-delivery (+15ppts over the last 3 years)

Europe made significant improvement in contribution margin for own-delivery but still lagging other segments. Some markets not yet at scale for own-delivery

Glovo Group at >5% contribution margin³

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 and includes voucher costs.

2. Contribution margin is defined as profit after variable costs (courier costs, customer service, etc.) excluding sales, marketing and fixed costs, according to Glovo

^2. Voucher costs correspond to marketing initiatives to incentivize the acquisition of new users or the retention of existing users

Fully loaded contribution margin on a new record high

Contribution margin¹of own-delivery (after voucher costs² ) as % of GMV Values including Woowa since Q2 2022 and excl. Delivery Hero Korea

^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

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

Delivery Hero has ample liquidity to fund the business

Total cash of €2.9bn available

Syndication of term loan equivalent to €1.1bn¹ in April. Undrawn revolving credit facility of €425m gives additional flexibility

Capex/GMV of only 0.7%, neutral Working Capital, and limited M&A activity in H1 2022. Hence, cash consumption significantly reduced compared to H1 2021

Cash of €2.9bn does not yet include the divestment of Zomato (\$60m)

Partial buy-back of 2024 convertible bond in Q3 for up to €85m (c. 10%)

1. Figures are rounded, so that minor discrepancies may occur through the addition of these amounts

2. Cash and cash equivalents at December 31, 2021 includes €5m of restricted cash. No pro forma adjustments made for Glovo.

Table of contents

Overview

• Financial Update
• Case Studies

Outlook

Appendix

Path to Profitability

Clear adj. EBITDA progression in profitable Platform countries

Note: The illustration above is excl. Glovo. Adj. EBITDA on a profitable countries level within Delivery Hero's Platform business. Numbers are after allocation of central group costs 1. Countries expected to be profitable in FY 2022

0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 100.0 Glovo Update

Glovo transaction recap

Strategic rationale	• Glovo's complementary geographical footprint adds a population of more than 700m and increases the Group's addressable market to a total population of ∼2.2bn • Leading presence in Europe, Central Asia and Africa with over 70% of the GMV being generated in leading countries o Strong presence and competitive positioning in Africa, a clearly underpenetrated market with compelling growth prospects • Attractive synergies by leveraging expertise in tech (logistics, product design, subscription, SaaS for restaurants), marketing (advertising products, customer targeting) and Quick Commerce partnerships
Closing of the transaction	• On July 4, 2022, Delivery Hero announced it had taken all actions to close the transaction in regard to becoming the majority shareholder of Glovo • The registration of DH share capital increase was registered on July 21, 2022 and the subsequent admission for trading took place on August 2, 2022 • Delivery Hero is now the majority shareholder of Glovo, holding approximately 94% of its shares on a non-diluted basis, with the remainder mostly held by management and employees of Glovo
Issuance of DH shares	• 10.3m Delivery Hero shares have been issued to sellers of Glovo shares • Final settlement and allocation of Delivery Hero shares to the sellers is ongoing with the listing agent
Glovo FY 2022 Guidance	• GMV of € 3.7 to 3.9 billion and adj. EBITDA of up to € -300 million

Strong top-line development paired with execution on profitability

1. Gross Transacted Value (GTV) refers to the total value paid by users (food value + fees), incl. promos. GTV deviates from Delivery Hero's Gross Merchandise Value (GMV) definition

2. Contribution profit is defined as profit after variable costs (courier costs, customer service, etc.) excluding sales, marketing and fixed costs, according to Glovo

3. Delivery Hero operations in Bosnia and Herzegovina, Bulgaria, Croatia, Montenegro, Romania, and Serbia; Mercadao; Lola Market; and others

Strong leadership position in majority of countries

Milestones

Glovo leads in countries accounting for more than 70% of its GTV

Glovo expanded its leadership in Spain in H1 2022

Leadership in Eastern Europe and ECA & Africa positions Glovo favorably to benefit from secular growth in these markets

Volume in Ukraine has now recovered to >70% of pre-war levels with a gradual reopening of cities

Note: ECA = Eastern Europe and Central Asia. GTV split based on H1 2022 numbers.

Management estimates based on publicly available data, which may not reflect actual position on a given competitively relevant market

Table of contents

Overview

• Financial Update
• Case Study

Outlook

Appendix

Confirming FY 2022 outlook

			Current guidance (updated on 22 July)	Previous	guidance
		Delivery Hero excl. Glovo	Glovo1	incl. Glovo2	Delivery Hero	Delivery Hero excl. Glovo	Glovo
GMV GMV		€41bn to €43bn 16-22% YoY	€3.7bn to €3.9bn 71-81% YoY		€44.7bn to €46.9bn 19-25% YoY	€44bn to €45bn 24% to 27% YoY	€4.0bn to €4.3bn >85% YoY
Total Segment Total segment Revenue revenue		€9.0bn to €9.5bn	€0.8bn to €0.9bn	€9.8bn to €10.4bn		€9.5bn to €10.5bn	–
Adj. EBITDA Adj. EBITDA		-0.9% to -1.0% of GMV	up to €-300m		-1.5% to -1.6% of GMV	-1.0% to -1.2% of GMV	€-330m
Thereof positive adj. EBITDA in the Platform business and up to negative €475m Integrated Verticals						Thereof Platform business break-even and up to negative €525m Integrated Verticals
Adj. EBITDA of €40 to €120m for Platform business incl. Glovo in Q4 2022 Glovo				Positive adj. EBITDA for DH Group incl. in FY 2023	Clear focus on cash flow generation

Note: Glovo's Platform business to be reported in Delivery Hero's Europe segment. Glovo's Dmart business to be reported in Delivery Hero's Integrated Verticals segment 1. Glovo's financials are still based on Spanish GAAP

1. On a pro-forma basis, including Glovo since January 2022. On an IFRS basis Glovo to be consolidated from July 2022 onwards.

Confirming our long-term adj. EBITDA/GMV margin target of 5-8%

Costs and margins (in % of GMV)	FY 2021	Long-term range	Main components	Selected levers
Gross Profit	5.1%	10% to 13%	Revenues: Commission, delivery ▪ fees, service fee, advertising, subscription, Dmart products	Increase average order value ▪ ▪ Increase delivery fee Add service fee ▪ ▪ Rider utilization Increased stacking ▪ ▪ Better supplier terms Subscription ▪ ▪ Advertising Reduce payment fees ▪ ▪ Dynamic pricing
Gross Profit (excl. Woowa)	7.2%	11% to 13%	Costs: Delivery costs, payment fees, ▪ server hosting, POS systems, rider equipment, picker
Marketing	(3.5)%	~(3)%	Customer acquisition and retention costs, overhead, others	Assumes continued high spending as we are early stage in most markets. Best-in-class markets below 1.5%
Opex and others	(3.4)%	~(3)%	General & administrative expenses, IT expenses, restaurant acquisition costs, R&D	Scale and automation while still investing in being leading tech player. Best-in-class markets below 1.5%
Adj. EBITDA	(1.7)%	5% to 8%

Table of contents

Overview

• Financial Update
• Case Study

Outlook

Appendix

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
Delivery Hero Group
GMV	7.769.7	8.388.8	16.158.5	9.562.6	9.640.4	35.361.5	10.145.8	9.877.8	20.023.6
% YoY Growth (RC)	83.2%	74.2%	78.4%	64.8%	38.8%	62.2%	30.6%	17.7%	23.9%
% YoY Growth (CC)	92.2%	80.8%	86.1%	64.6%	39.8%	65.6%	28.7%	13.7%	20.9%
Total Segment Revenue	1.351.6	1.549.9	2.901.6	1.788.7	1.918.5	6.608.8	2.051.5	2.134.2	4.185.7
% YoY Growth (RC)	114.1%	104.6%	108.9%	89.0%	66.5%	89.5%	51.8%	37.7%	44.3%
% YoY Growth (CC)	127.0%	115.1%	120.5%	89.9%	65.9%	94.1%	47.4%	30.8%	38.5%
Intersegment consolidation1	(19.2)	(35.2)	(54.5)	(38.0)	(42.8)	(135.2)	(46.2)	(49.2)	(95.5)
Adj. EBITDA			(332.3)			(780.6)			(323.0)
EBITDA Margin % (GMV)			-2.1%			-2.2%			-1.6%
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
% YoY Growth (RC)	83.2%	68.2%	75.0%	72.1%	40.1%	63.1%	35.5%	16.1%	25.4%
% YoY Growth (CC)	88.3%	71.0%	78.9%	70.0%	40.8%	64.4%	34.9%	13.7%	23.8%
Segment Revenue	620.1	720.2	1.340.4	853.7	876.6	3.070.7	928.0	937.8	1.865.8
% YoY Growth (RC)	113.2%	84.2%	96.6%	89.7%	61.8%	83.5%	49.7%	30.2%	39.2%
% YoY Growth (CC)	121.5%	90.2%	103.5%	88.4%	60.6%	85.6%	46.7%	25.4%	35.3%
Adj. EBITDA			(202.2)			(396.6)
EBITDA Margin % (GMV)			-1.9%			-1.7%
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
% YoY Growth (RC)	60.7%	96.7%	77.4%	46.2%	36.1%	55.8%	25.7%	24.6%	25.1%
% YoY Growth (CC)	83.2%	123.8%	102.0%	52.0%	38.9%	68.4%	18.4%	13.1%	15.7%
Segment Revenue	325.5	359.3	684.9	418.5	459.6	1.562.9	491.1	514.9	1.006.0
% YoY Growth (RC)	60.9%	116.6%	86.0%	70.0%	64.2%	74.8%	50.9%	43.3%	46.9%
% YoY Growth (CC)	79.4%	142.4%	107.8%	74.2%	63.2%	84.6%	41.3%	28.6%	34.6%
Adj. EBITDA			65.0			105.7
EBITDA Margin % (GMV)			2.1%			1.6%

Note:

Preliminary values for H1 2022. Auditor review not yet completed at the time of publication (16 August 2022), therefore changes might occur

Q1 2022 figures retrospectively adjusted, mainly due to operations in Turkey, qualifying as hyperinflationary economy according to IAS 29

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 Argentinian, 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

28

Delivery Hero KPIs (Pro Forma Data)

				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
Europe
GMV	682.4	718.7	1.401.1	625.9	713.7	2.740.7	706.6	698.6	1.405.1
% YoY Growth (RC)	112.9%	71.0%	89.1%	46.8%	25.1%	57.7%	3.5%	-2.8%	0.3%
% YoY Growth (CC)	112.6%	68.3%	87.5%	45.8%	24.0%	56.4%	3.6%	-1.8%	0.9%
Segment Revenue	136.6	149.3	285.9	132.7	152.8	571.4	155.5	155.9	311.4
% YoY Growth (RC)	137.5%	96.3%	114.0%	65.2%	40.0%	76.9%	13.8%	4.4%	8.9%
% YoY Growth (CC)	136.5%	92.0%	111.2%	63.6%	38.2%	74.7%	14.0%	5.6%	9.6%
Adj. EBITDA			1.0			(34.9)
EBITDA Margin % (GMV)			0.1%			-1.3%
Americas
GMV	420.1	464.3	884.4	513.4	559.9	1.957.8	558.1	674.4	1.232.5
% YoY Growth (RC) % YoY Growth	159.2%	86.1%	114.9%	70.4%	53.9%	81.8%	32.8%	45.3%	39.4%
(CC) Segment Revenue	172.6%	90.9%	123.0%	71.8%	54.0%	85.4%	31.0%	40.1%	35.8%
% YoY Growth (RC)	107.0 182.8%	119.9 109.6%	226.9 138.8%	131.9 82.1%	150.7 67.7%	509.6 98.0%	149.3 39.4%	177.9 48.4%	327.1 44.2%
% YoY Growth (CC)	196.7%	114.7%	147.4%	83.4%	67.9%	101.6%	37.6%	43.3%	40.6%
Adj. EBITDA			(80.2)			(157.5)
EBITDA Margin % (GMV)			-9.1%			-8.0%
Integrated Verticals
GMV	190.7	250.3	440.9	310.9	347.2	1.099.1	410.0	438.8	848.7
% YoY Growth (RC)	317.4%	246.2%	273.8%	199.6%	133.1%	196.5%	115.0%	75.3%	92.5%
% YoY Growth (CC)	354.8%	271.2%	303.6%	204.1%	137.9%	209.1%	109.3%	66.8%	85.2%
Segment Revenue	181.6	236.4	418.0	289.8	321.6	1.029.4	373.8	396.9	770.8
% YoY Growth (RC)	314.6%	237.3%	267.0%	183.8%	127.4%	188.0%	105.9%	67.9%	84.4%
% YoY Growth (CC)	351.7%	263.3%	297.3%	187.6%	131.4%	200.3%	100.1%	59.6%	77.2%
Adj. EBITDA			(115.8)			(297.2)
EBITDA Margin % (GMV)			-26.3%			-27.0%

GMV is accounted for in the respective Platform segments and shown in the Integrated Verticals segment for illustrative purposes only

Note:

Preliminary values for H1 2022. Auditor review not yet completed at the time of publication (16 August 2022), therefore changes might occur

Q1 2022 figures retrospectively adjusted, mainly due to operations in Turkey qualifying as hyperinflationary economy according to IAS 29

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 Argentinian, Lebanese and/or Turkish operations

qualifying as hyperinflationary economies according to IAS 29. RC = Reported Currency / CC = Constant Currency

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.
• 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.
• 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 Argentinian 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: due to the size of the Woowa transaction, financial data is shown on a pro forma basis: including Woowa 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.

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 Manager IR laura.hecker@deliveryhero.com

Loredana Strîmbei Senior Executive Assistant loredana.strimbei@deliveryhero.com

ir@deliveryhero.com

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

ir.deliveryhero.com