Delivery Hero SE

Investor Presentation • Dec 31, 2021

Always delivering an amazing experience – Fast and easy to your door

Give everyone easy access to anything in their city

1. The run rate is calculated as an annualized figure for GTV in October. Gross Transaction Value (GTV) is calculated before vouchers

2. Organic growth in FY 2021

Complementary Footprint Expands our TAM

Glovo has a leading presence in Europe, Central Asia and Africa, a complementary geographical footprint to Delivery Hero. Combined footprint serves ~2.2bn people

Strong Leadership Positions¹

More than 70% of Gross Transaction Value (GTV) is generated from #1 countries On a combined basis, Delivery Hero's #1 position countries will generate 90% of Group GMV

Innovative And Passionate Management Team And Company Culture

Delivery Hero has been working with the founding team since 2018. Glovo has built leadership in the vast majority of their countries driven by superior product and execution

Multi-Category Service Offering From The Very Beginning

One of the most innovative players in the industry with proprietary technology Attractive mix of Food Delivery, Quick Commerce and Deliver Anything

Attractive Top-Line Momentum

Glovo has seen strong topline growth of >80% YoY²with the potential to sustain high growth rates for many years, as their countries are still at early stage of maturity

Clear path to profitability

Spanish home country on path to reach break-even Delivery Hero confirms long-term adj. EBITDA margin target of 5-8% of GMV

Perfect fit as no regional overlap

Glovo's geographical footprint is highly complementary to Delivery Hero

Clear leadership¹

More than 70% of GTV generated from #1 countries

1. As of October 2021, GTV and are pro-forma for the acquisition of Romania operations

Additional information to be disclosed during investor call on 11 January 2022, 2pm CET

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• 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 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.