Delivery Hero SE

Investor Presentation • Jul 28, 2020

Q2 2020 Trading Update

28th July, 2020

Our Clear Vision

Always delivering an amazing experience

Agenda

1 Business Update

• 2 Case Studies
• 3 Financial Update
• 4 Outlook

Delivering On Our Promise

Growth as No. 1 Priority	Invest for Leadership	Build Tech & Product Leadership	Profitability
>40% in short/mid-term (2017 IPO target) >30% in the long-term	Further strengthen our position across the most attractive regions	Invest in innovation to build a third generation on demand platform	Drive profitability through scale and automation Long term EBITDA margin target of 5-8% of GMV

Leadership Position in >90%¹ of Countries

Global Footprint: 43 Countries

1. Based on Google Trend Data. This is referring to current footprint (before closing of the transaction in Korea, already excluding Canada and Colombia, and including Japan).

^2. Announced in Q2 2020, closing pending.

Q2 2020 Financial Highlights

2017 2018 2019 2020

The strategic partnership with Woowa is not reflected in the figures until closing of the transaction.

YoY growth rates on a constant currency pro forma basis.

1. Referring to equal weighted average of last reported pro forma order growth for listed peer: Grubhub: -1% (Q1 2020), JustEat: 6% (Q1 2020), Takeaway: 16% (Q1 2020, pro forma adjusted assuming weighted order growth of 11% for NL, 19% for DE and 18% for Other Leading Countries respectively), Meituan Food Delivery -17% (Q1 2020).

Update on COVID-19 Global Approach (1/2)

Central approach tailored to local markets

• ✓ Offering free phone ordering for elderly to give them access to safe food delivery
• ✓ Helping medical staff and communities with >200K meal donations
• ✓ Distributing hygiene articles as an official government partner
• ✓ Partnering with charities to deliver food to elderly and disabled

Customers

• ✓ Introducing features to encourage ordering after re-opening of restaurants (i.e. pickup up, pre-order, push notifications)
• ✓ Continuing message of contactless deliveries and overall safety
• ✓ Offering free-delivery for local restaurants to keep people safe at home
• ✓ Growing q-commerce footprint facilitates safe groceries delivery

Update on COVID-19 Global Approach (2/2)

Central approach tailored to local markets

Q2 2020 Business Update

Choice: Extensive & Growing Selection for Customers Globally

• Now >630K restaurants making it the widest selection globally outside of China
• Automated and contactless onboarding accelerating inventory growth to 114% YoY
• Push notifications inform clients about favorite restaurants reopening post COVID-19

Seamless Order Experience: More Reliable Service and Diverse Offering

• Increasingly providing a personalized user experience
• Q-commerce offering now >20K vendors in 38 countries
• Operating 148 stores in 11 countries² across MENA, Asia and Americas (latest additions are Hong Kong and Thailand)

Speed: Better Logistics Improving Customer Experience

• Roll out of dynamic delivery fees to 26 countries
• Own logistic technology "Hurrier" available in 600 cities across Delivery Hero footprint
• Operational developments resulting in 37% of own-delivery orders delivered in <20 min

We are not affiliated, associated, authorized, endorsed by, or in any way officially connected with the companies and trademarks shown in the above picture. 1. 11 countries include Turkey, Kuwait, Singapore, Taiwan, UAE, Chile, Argentina, Uruguay, Saudi Arabia, Hong Kong and Thailand

Agenda

1 Business Update

2 Case Studies

• 3 Financial Update
• 4 Outlook

Pioneering in Quick Commerce

The Age of Q-Commerce Has Arrived

Untapping a Large and Underpenetrated Market

• 1. Footprint as of June 30th 2020
• 1. Delivery Hero management estimate (reflective of Delivery Hero Footprint as of April 28th 2020)
• 1. Delivery Hero management estimate assuming q-commerce will be 25% of all groceries E-Commerce and 5% of Other Commerce (reflective of Delivery Hero Footprint as of April 28th 2020)

• GMV as of H1 2020

Two Pillars of Quick Commerce

	Q-commerce
	3rd Party Vendors
Financial Reporting	Delivery Hero acts as Agent Revenues reported in platform business (regional segments)	Delivery Hero acts as Principal Revenues reported in Integrated Verticals (next to Kitchen business)
Coverage	37 countries with multi-vertical offering	148 Dmarts across 11 countries Target: 400 Dmarts by year-end
Choice	20K vendors across groceries, pharmacy, flowers, electronics, etc	Customer-focused assortment of up to ~3000 products
Shopping Occasion	Weekly and monthly shopping needs or specialty purchases	Convenience products and impulse purchases ordered at any time
Speed	30-60 minutes	<20 minutes

Q-commerce orders grew by 98% in Q2 2020 to 10.5m

Illustration of the Dmart Concept

Dmarts Use Delivery Hero's Proprietary Technology Adapted for the Retail Environment

For more information refer to the following video: https://www.youtube.com/watch?v=vmAVqNoAdKw

Attractive Dmart Economics

Illustrative Steady	State Unit Economics	Levers to Boost Long Term Dmart Economics
	Own-Delivery Platform Business	Dmart
Basket Size	€10.0	€10.0 Excl. VAT, included in Integrated	Delivery Cost Potential for reduced delivery
Commission Rate	22.0%	Verticals revenues	costs due to shorter distances
Front Margin		COGS2=€7.3 27.0%
Delivery Fee	€0.6	Higher €0.8 willingness to pay	Order Volume Improving picker utilization rate and negotiation power with
Other Revenues	€0.3	€0.6 More opportunity	suppliers
Delivery Cost	-€1.7	for extra -€1.7 revenues
Picker Costs	-€0.0	-€0.5	Private Label Goods Boosting margins
Other Costs	-€0.31	-€0.6 Incl. Dmart store
Profit Contribution	€1.1	manager €1.3	Customer Acquisition Cost
Amortization of Capex	-€0.0	-€0.1 to -€0.3	Little to none – customers already present on the platform
Capitalizing on Best Practices
Aiming for break-even • • • Capex	in 9-12 months from store launch Favourable payment terms lead to negative working capital €100k-150k per store (decreased from €150k-200k)		Non-Margin Revenue Advertising slots, etc. (to reach >5% of GMV)

1. Including food delivery accident costs, semi-variable delivery costs, payment costs

2. COGS – Cost of Goods Sold

Agenda

• 1 Business Update
• 2 Case Studies
• 3 Financial Update
• 4 Outlook

Q2 2020 Group

All values in Unit million / € million

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

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

1. Referring to equal weighted average of last reported pro forma order growth for listed peer: Grubhub: -1% (Q1 2020), JustEat: 6% (Q1 2020), Takeaway: 16% (Q1 2020, pro forma adjusted assuming weighted order growth of 11% for NL, 19% for DE and 18% for Other Leading Countries respectively), Meituan Food Delivery -17% (Q1 2020)

2. Difference between group revenues and sum of segment revenues is due to Inter Company Commissions charged by the Platform Business to the Integrated Verticals Businesses (2.8m)

COVID-19 Update Group

Orders

• Orders are showing positive growth (+24% vs. March 11) after an initial decline from COVID-19 related lock-downs
• Order growth accelerated beyond pre-COVID levels in most countries as they are no longer subject to curfews
  • Asia (+41% vs. March 11)
  • MENA (-1% vs. March 11)
  • Europe (+12% vs. March 11)
  • Americas (+58% vs. March 11)
• MENA still facing limited government restrictions but reaching pre-crisis levels or better for all countries apart from Kuwait and Turkey
• Europe benefitted from customers discovering the delivery service before the holiday season slowed down order growth

Q2 2020 Asia Platform Business

All values in Unit million / € million

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

Q2 2020 MENA Platform Business

All values in Unit million / € million YoY growth rates in red are constant currency and in black are reported currency

Q2 2020 Europe Platform Business

All values in Unit million / € million YoY growth rates in red are constant currency and in black are reported currency

Q2 2020 Americas Platform Business

All values in Unit million / € million

YoY growth rates in red are constant currency and in black are reported currency 1. Americas revenues and GMV as well as the respective growth rates are impacted by the Argentinian operations qualifying as hyperinflationary economy according to IAS 29 beginning September 1st 2018. In Q2 2020 revenues & GMV have been retrospectively adjusted with a total impact of -€2.41m and -€10.71m, respectively

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

Q2 2020 Integrated Verticals

All values in Unit million / € million

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

1. DH Kitchens capturing solely self-operated kitchens

Delivery Hero SE Q2 2020 Trading Update 22

Cash Position Evolution

1. Excluding restaurant cash, stock options and including the minority share in Takeaway.com

2. Proforma including Convertible Bond July 2020

3. Earmarking a portion of the cash component of Woowa transaction for illustrative purposes (€1.7bn)

Agenda

• 1 Business Update
• 2 Case Studies
• 3 Financial Update
• 4 Outlook

Outlook

2020E Guidance:

Revenues

€1.45bn €2.6bn to €2.8bn

Increased from: €2.4bn to €2.6bn

-14% to -18% Adjusted EBITDA

Plus additional investments of up to €150m

Previously: Plus additional investments of up to €200m

• Flexibility of additional investments of up to €150m (including €20m to €30m for the launch of new operations in Japan)
• Funds intended to be opportunistically allocated to extend leadership positions where required
  • COVID-19 related costs will be absorbed in group guidance
  • Up to €50m negative impact on adjusted EBITDA in MENA platform business from COVID-19 curfews
• Profitability outlined for 2 platform segments:
  • Europe expected to remain break even in 2020
  • MENA adjusted EBITDA expected to remain higher in 2020 vs. 2019

APPENDIX

Delivery Hero SE Q2 2020 Trading Update

Recap and Update on Woowa Partnership

Valuation	\$4.0bn (or €3.6bn)1 − for 100% of Woowa on a cash and debt free basis − This equates to c. 0.6x2019E GMV
	− Stock: up to €1.9bn paid by issuing up to 40.1m shares from existing authorizations
Stock and Cash Consideration (for 100%)2	− Up to 31.2m shares delivered at closing and the remaining shares at the same terms over a 4 year time horizon − Cash: up to €1.7bn
Conditions	− Closing subject to certain conditions incl. regulatory approval and financing − Regulatory approval expected in H2 2020 despite COVID-19 pandemic
Financing	− Raised c. €2.3bn from the issuance of €1.75bn convertible bonds and c. €570m equity offering to partially de-risk a portion of the cash component as well as use the proceeds for Delivery Hero's operations

1. Before certain adjustments; Converted at EUR/USD exchange rate of 1.1087

2. Based on a 20-day VWAP of €47.47 as of signing; Delivery Hero has contractually agreed to acquire an economic stake of approximately 87% from shareholders; 12% management stake will be converted into Delivery Hero shares over a four year time horizon at the same terms; Percentages are subject to certain adjustments; Additional shares might be issued in conjunction with Woowa's existing and future employee option program

Attractive Portfolio of Minority Holdings

Adjustments

Definition

• The reported pro forma figures have been retrospectively adjusted for divestments of German operations
  • Figures have not been adjusted for other acquisitions or divestments that can be found in the table below
• The strategic partnership with Woowa is not reflected in the figures until closing of the transaction

Change in Footprint Since Q2 2019

v

	Europe	MENA	Asia	Americas
Acquisitions	Cyprus (AA Foody) Sweden (Hungrig Group) Germany (Honest Food)	UAE (Sweetheart Kitchen)		Dominican Republic (Movil Media)
Divestments				Peru (Domicilios) Ecuador (Megabite)

Delivery Hero KPIs (1/2)

				2018						2019				2020
in €m	Q1	Q2	H1	Q3	Q4	FY	Q1	Q2	H1	Q3	Q4	FY	Q1	Q2	H1
Delivery Hero Group
Orders	80.2	86.4	166.6	94.5	108.3	369.4	124.5	144.2	268.8	181.3	216	666.1	238.5	280.6	519.1
% YoY Growth	51.8%	48.3%	50.0%	49.0%	46.7%	48.8%	55.2%	67.0%	61.4%	91.8%	99.4%	80.3%	91.5%	94.5%	93.1%
% OD Orders	10.2%	11.9%	11.1%	16.4%	19.5%	14.9%	25.0%	29.9%	27.6%	40.4%	44.5%	36.5%	51.5%	62.1%	57.3%
GMV 1,2	970.7	1,041.1	2,011.8	1,119.8	1,322.8	4,454.4	1,507.6	1,684.1	3,191.7	1,971.7	2,272.2	7,435.5	2,378.2	2,767.6	5,145.8
1,2 % YoY Growth (RC)3	42.5%	40.7%	41.6%	39.7%	45.7%	42.3%	55.3%	61.8%	58.6%	76.1%	71.8%	66.9%	57.7%	64.3%	61.2%
% YoY Growth (CC)4	59.4%	55.6%	57.4%	46.2%	57.8%	54.7%	56.8%	63.7%	60.4%	73.2%	70.0%	66.5%	58.5%	66.3%	62.6%
Revenue 1,2	137.7	154.5	292.2	175.9	218.9	687	267.2	314.7	581.7	390.5	483.3	1,455.5	514.8	612.1	1,126.9
1,2 % YoY Growth (RC)3	56.2%	58.7%	57.5%	65.3%	74.4%	64.6%	94.1%	103.6%	99.1%	122.1%	120.6%	111.8%	92.6%	94.5%	93.7%
% YoY Growth (CC)4	73.9%	74.0%	74.0%	71.4%	85.5%	76.8%	93.0%	103.0%	98.3%	117.0%	116.8%	109.0%	92.0%	96.2%	94.3%
Adj. EBITDA			-25.0			-100.2			-171.1			-431.1			-319.55
% EBITDA Margin			-8.6%			-14.6%			-29.4%			-29.5%			-28.4%5
Asia
Orders	17.6	18.7	36.3	21.9	24.4	82.6	30.4	40.2	70.6	68.1	88.3	227.0	109.6	156.8	266.5
% YoY Growth	53.8%	46.9%	50.2%	50.6%	48.6%	49.8%	73.0%	114.8%	94.6%	211.6%	261.4%	174.9%	260.6%	289.8%	277.2%
% OD Orders	19.4%	21.8%	20.6%	25.7%	27.5%	24.0%	29.3%	38.8%	34.7%	54.6%	63.7%	51.9%	70.0%	76.4%	73.7%
GMV	261.7	280.0	541.7	317.4	354.5	1,213.7	416.3	479.0	895.3	654.2	808.0	2,357.5	938.7	1,275.8	2,214.6
% YoY Growth (RC)3	41.4%	39.8%	40.6%	50.4%	43.2%	43.8%	59.1%	71.1%	65.3%	106.1%	127.9%	94.3%	125.5%	166.3%	147.4%
% YoY Growth (CC)4	52.7%	45.7%	49.0%	48.7%	42.0%	46.9%	54.3%	72.5%	63.7%	106.6%	125.5%	93.0%	125.9%	165.9%	147.3%
Revenue	39.9	44.7	84.6	50.8	57.1	192.5	66.7	83.0	149.7	126.4	179.3	455.5	201.3	280.3	481.5
% YoY Growth (RC)3	44.7%	44.2%	44.4%	63.2%	52.1%	51.3%	67.3%	85.7%	77.0%	148.8%	213.9%	136.6%	201.6%	237.9%	221.7%
% YoY Growth (CC)4	56.4%	50.2%	53.1%	61.3%	50.4%	54.3%	61.4%	84.9%	73.8%	146.0%	206.3%	132.2%	197.7%	234.3%	217.9%
Adj. EBITDA			-15.0			-51.9			-94.6			-312.0
% EBITDA Margin			-17.7%			-27.0%			-63.2%			-68.5%
MENA
Orders	41.1	44.2	85.4	48.7	56.5	190.6	64.6	70.6	135.2	76.9	86.5	298.6	84.7	66.5	151.2
% YoY Growth	60.4%	56.5%	58.3%	53.8%	50.9%	54.9%	57.0%	59.7%	58.4%	57.9%	53.0%	56.7%	31.3%	-5.9%	11.9%
% OD Orders	7.9%	9.4%	8.7%	14.4%	18.6%	13.1%	26.5%	28.3%	27.4%	32.4%	31.0%	29.8%	35.1%	41.6%	38.0%
GMV	439.8	479.9	919.7	549.7	630.6	2,099.9	744.8	813.8	1,558.5	927.8	990.5	3,476.8	956.8	822.1	1,778.9
% YoY Growth (RC)3	52.4%	53.2%	52.8%	50.1%	56.9%	53.3%	69.3%	69.6%	69.5%	68.8%	57.1%	65.6%	28.5%	1.0%	14.1%
% YoY Growth (CC)4	76.6%	74.6%	75.6%	64.7%	66.3%	69.9%	69.6%	70.0%	69.8%	62.1%	53.6%	62.9%	28.1%	2.4%	14.7%
Revenue	56.6	66.7	123.3	85.0	108.1	316.4	143.9	164.3	308.2	193.2	214.8	716.2	202.3	165.9	368.1
% YoY Growth (RC)3	91.5%	103.8%	97.9%	103.4%	119.7%	106.4%	154.1%	146.4%	149.9%	127.4%	98.7%	126.3%	40.6%	1.0%	19.5%
% YoY Growth (CC)4	121.5%	130.1%	126.1%	117.6%	126.5%	123.9%	146.8%	141.2%	143.8%	117.9%	93.5%	119.7%	38.4%	1.0%	18.5%
Adj. EBITDA			9.0			18.1			-9.7			43.0
% EBITDA Margin			7.3%			5.8%			-3.1%			6.6%

1. Americas revenues and GMV as well as the respective growth rates are impacted by the Argentinian operations qualifying as hyperinflationary economy according to IAS 29 beginning September 1st 2018

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

3. Reported Currency Growth

4. Constant Currency Growth

5. Preliminary values. Auditor review not yet completed at the time of publication (July 28th 2020) therefore changes might occur

Delivery Hero KPIs (2/2)

7
1

				2018						2019				2020
in €m	Q1	Q2	H1	Q3	Q4	FY	Q1	Q2	H1	Q3	Q4	FY	Q1	Q2	H1
Europe
Orders	13.8	14.6	28.4	14.3	17.5	60.3	19.2	20.8	39.9	20.7	24.4	85.0	25.4	30.6	56.0
% YoY Growth	37.9%	39.1%	38.5%	43.5%	44.6%	41.4%	38.5%	42.1%	40.4%	44.5%	39.5%	41.1%	32.9%	47.4%	40.4%
% OD Orders	6.1%	6.4%	6.2%	7.8%	8.5%	7.3%	10.2%	13.1%	11.7%	14.8%	15.6%	13.6%	19.0%	26.3%	23.0%
GMV	173.1	173.2	346.3	174.8	213.4	734.5	232.0	248.6	480.6	258.4	308.4	1,047.5	320.5	420.3	740.8
% YoY Growth (RC)3 1,2	34.8%	31.4%	33.1%	33.7%	36.4%	34.2%	34.1%	43.5%	38.8%	47.8%	44.5%	42.6%	38.1%	69.1%	54.1%
% YoY Growth (CC)4	35.7%	32.8%	34.2%	36.1%	37.9%	35.7%	35.4%	44.7%	40.0%	48.8%	45.8%	43.8%	40.0%	72.8%	57.0%
Revenue	27.4	27.4	54.8	27.6	33.6	115.9	37.0	41.3	78.2	42.7	52.3	173.2	57.5	76.1	133.6
1,2 % YoY Growth (RC)3	29.1%	25.1%	27.1%	28.5%	34.8%	29.6%	34.9%	50.7%	42.8%	55.0%	55.7%	49.5%	55.6%	84.4%	70.8%
% YoY Growth (CC)4	30.6%	26.8%	28.7%	31.1%	36.5%	31.5%	36.6%	52.2%	44.4%	56.4%	57.8%	51.1%	58.3%	89.7%	74.9%
Adj. EBITDA			-0.9			-15.4			-9.6			-19.0
% EBITDA Margin			-1.6%			-13.3%			-12.3%			-11.0%
Americas
Orders	7.7	8.8	16.5	9.6	9.8	36.0	10.4	12.6	23.1	15.6	16.8	55.4	18.7	26.6	45.3
% YoY Growth	33.8%	31.1%	32.4%	32.6%	25.9%	30.6%	35.5%	43.8%	39.9%	61.6%	70.2%	54.0%	79.2%	111.2%	96.7%
% OD Orders	9.5%	12.9%	11.3%	18.6%	24.2%	16.8%	30.2%	37.6%	34.3%	48.5%	54.8%	44.5%	62.5%	70.8%	67.3%
GMV 1,2	96.1	108.0	204.2	77.9	124.3	406.3	114.5	142.7	257.2	131.2	165.2	553.6	162.1	249.4	411.5
% YoY Growth (RC)3	21.1%	14.3%	17.4%	-16.9%	22.0%	10.0%	19.1%	32.1%	26.0%	68.4%	32.9%	36.2%	41.5%	74.8%	60.0%
% YoY Growth (CC)4	51.0%	45.8%	48.1%	-17.5%	93.4%	44.0%	44.0%	43.7%	43.8%	70.6%	36.0%	46.6%	48.3%	85.4%	68.9%
Revenue 1,2	13.8	15.8	29.6	12.5	20.1	62.1	19.6	26.1	45.7	28.2	36.6	110.4	37.8	57.2	95.0
% YoY Growth (RC)3	40.7%	34.3%	37.2%	4.0%	45.4%	31.2%	42.5%	65.0%	54.5%	125.2%	82.2%	77.7%	93.0%	119.5%	108.1%
% YoY Growth (CC)4	73.1%	68.5%	70.6%	8.4%	123.8%	70.3%	75.7%	80.4%	78.2%	126.6%	86.3%	90.5%	102.8%	132.5%	119.7%
Adj. EBITDA			-18.0			-50.9			-57.2			-143.0
% EBITDA Margin			-60.8%			-81.6%			-125.2%			-129.5%
Integrated Verticals
Orders										Integrated Vertical Orders and GMV			2.7	4.1	6.8
% YoY Growth										are not double counted but
% OD Orders									represented in Regional Platform				100%	100%	100%
GMV									Business values				17.7	36.9	54.6
% YoY Growth (RC)3
% YoY Growth (CC)4
Revenue													16.9	35.4	52.3
% YoY Growth (RC)3
% YoY Growth (CC)4
Adj. EBITDA

% EBITDA Margin

1. Americas revenues and GMV as well as the respective growth rates are impacted by the Argentinian operations qualifying as hyperinflationary economy according to IAS 29 beginning September 1st 2018

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

3. Reported Currency Growth

4. Constant Currency Growth

Delivery Hero Investor Relations Team

Daniel Fard-Yazdani

Head of IR daniel.fard-yazdani@deliveryhero.com

IR Director julia.stoetzel@deliveryhero.com

Caroline Jabban

IR Associate caroline.jabban@deliveryhero.com

Team Contact

T: +49 3054 4459 000 70 Oranienburger Straße 10117 Berlin Germany

ir@deliveryhero.com https://ir.deliveryhero.com

Definitions

• Gross Merchandise Value (GMV) is the total value paid by customers (including VAT, delivery fees, service fees and other subsidies)
• Revenues presented for Delivery Hero represent the total segment revenues prior to discounts
• UTR (Utilization Rate) is defined as drops per hour per rider
• Constant currency provides an indication of the business performance by removing the impact of foreign exchange rate movements. Due to hyperinflation in Argentina we have included reported current growth rates for Argentina in the constant currency calculation to provide a more accurate picture of the underlying business
• IAS 29 Hyperinflation Economies applies to our Argentinian operations beginning 1 September 2018 and impacts our Americas revenues and GMV as well as the respective growth rates

Important Notice

• ALL FINANCIAL FIGURES INCLUDED IN THE PRESENTATION ARE BASED ON IFRS, UNLESS NOTED OTHERWISE.

• 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 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 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 Forward-looking 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.