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Rocket Internet AG / Key word(s): Investment

2015-03-11 / 12:30


Rocket Internet builds out stake in Delivery Hero to close to 40% and increases share in foodpanda to c. 52%

- Rocket increases ownership in Delivery Hero to close to 40% through contribution of Talabat and acquisition of secondary shares

- Increase of direct ownership in foodpanda from below 50% to c. 52% as a result of primary and secondary transactions

- Rocket's stake in Yemeksepeti, the Turkish market leader, will become part of the Global Online Takeaway Group

- Global Online Takeaway Group is a major cornerstone and a highly valuable asset in Rocket's overall strategy

Berlin, Germany, 11th March 2015 - Today, Rocket Internet AG ('Rocket Internet', 'Rocket', ISIN DE000A12UKK6, RKET) announced key strategic transactions to further strengthen its market leading position in the global online takeaway market.

Capitalizing on the significant and rapidly developing opportunities in the online food & groceries sector, Rocket increased its ownership in Delivery Hero through the contribution of the recently acquired leading Middle Eastern online food takeaway company Talabat and the acquisition of shares from existing Delivery Hero investors for EUR 52 million. Upon closing of these transactions, Rocket's stake in Delivery Hero amounts to c. 39%. Based on its scale, geographic coverage and leadership position, Delivery Hero with its 24 countries and 62.6 million annualized orders (based on December 2014) is a key component of the Global Online Takeaway Group, complementing foodpanda and the two recent investments in La Nevera Roja (Spain) and Pizzabo (Italy).
Delivery Hero's expected Q1 2015 performance is testament to its strong operational and financial profile. The Delivery Hero management foresees order and gross merchandise volume growth of 150%+ relative to the same quarter of the year before with GMV in Q1 expected to amount to around EUR 250 million and net revenues in excess of EUR 30 million (+120% compared to Q1 2014).

Rocket furthermore announced a EUR 104 million funding round in foodpanda to capitalize on the significant growth opportunity and to allow for further selective investments in key markets. Rocket is participating with an investment of EUR 37 million in this funding round, is purchasing additional shares from existing shareholders and has received shares formerly held through Latam Internet Group through a share dividend thus increasing its direct ownership stake in foodpanda from below 50% to ca. 52%. These transactions are subject to closing.

Rocket intends to contribute its 11.4% stake in Yemeksepeti, the online takeaway market leader in Turkey, to the Global Online Takeaway Group. Yemeksepeti is present in 63 cities in Turkey and cooperates with nearly 10,000 restaurants.

Combining all investments in the sector including foodpanda, Delivery Hero, Talabat, La Nevera Roja, Pizzabo and Yemeksepeti, the Global Online Takeaway Group operates today in 71 countries - being number one in 58 of them - and works with 142 thousand restaurants and processes 84 million orders based on annualized December 2014 numbers (only countries include Yemeksepeti).

Oliver Samwer, CEO of Rocket Internet said: 'Within the past weeks we have been able to build the Global Online Takeaway Group into a truly global operation, being present in more than 70 countries. Extending our stake in the fast growing Delivery Hero to almost 40% and increasing our direct ownership in the emerging market focused foodpanda are important steps in building the largest and the only truly global online takeaway marketplace in the world.'

Ends

Media Contact Rocket Internet
Andreas Winiarski, Senior Vice President Global Communications
T: +49 30 300 13 18 68
E: [email protected]

About Rocket Internet
Rocket's mission is to become the world's largest Internet platform outside of China and the United States. Rocket identifies and builds proven Internet business models and transfers them to new, underserved or untapped markets where it seeks to scale them into market leading online companies. Rocket is focused on online business models that satisfy basic consumer needs across three sectors: e-Commerce, marketplaces and financial technology.
Rocket started in 2007 and now has more than 25,000 employees across its network of companies, which operate in more than 100 countries on five continents. Rocket Internet AG is listed on the Frankfurt Stock Exchange (ISIN DE000A12UKK6, RKET). For further information visit www.rocket-internet.com.

About foodpanda group
foodpanda group is the leading global online food delivery marketplace, active in 39 countries on five continents. The company enables restaurants to become visible in the online and mobile world and provides them with a constantly evolving online technology. For consumers, foodpanda/hellofood offer the convenience to order food online and the widest gastronomic range, from which they can choose their favorite meal on the web or via the app. foodpanda operates in India, Thailand, Indonesia, Pakistan, Singapore, Malaysia, Brunei, Vietnam, Taiwan, Bangladesh, Kazakhstan, Azerbaijan, Hong Kong, Philippines, Russia, Hungary, Romania, Bulgaria, Georgia and Serbia. hellofood operates in Brazil, Mexico, Saudi Arabia, Jordan, Egypt, Nigeria, Morocco, Kenya, Ghana, Senegal, Ivory Coast, Rwanda, Tanzania, Uganda and Algeria. Delivery Club operates in Russia, NetPincer in Hungary, Donesi in Serbia, Bosnia & Herzegovina and Montenegro, and Pauza in Croatia, Room Service in Malaysia and Singapore, City Delivery in Philippines, Food By Phone in Thailand, Koziness and Dial-a-Dinner in Hong Kong, 24h in the UAE and Eatoye in Pakistan.

About Delivery Hero
Delivery Hero is a global network of online ordering platforms for food with more than 90,000 partner restaurants worldwide. Delivery Hero has approx. 1,500 employees in 24 countries, including 440 in its Berlin headquarters. Investors in the company include among others Insight Venture Partners, Kite Ventures, Team Europe, ru-Net, Tengelmann Ventures, Point Nine Capital, Phenomen Ventures and Vostok Nafta.

Disclaimer:
This document is being presented solely for informational purposes and should not be treated as giving investment advice. It is not intended to be (and should not be used as) the sole basis of any analysis or other evaluation. All and any evaluations or assessments stated herein represent our personal opinions. We advise you that some of the information is based on statements by third persons, and that no representation or warranty, expressed or implied, is made as to, and no reliance should be place on, the fairness, accuracy, completeness or correctness of this information or opinions contained herein. This presentation contains certain forward-looking statements relating to the business, financial performance and results of Rocket Internet AG, its subsidiaries and its participations (collectively, 'Rocket') and/or the industry in which Rocket operates. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words 'believes,' 'expects,' 'predicts,' 'intends,' 'projects,' 'plans,' 'estimates,' 'aims,' 'foresees,' 'anticipates,' 'targets,' and similar expressions. The forward-looking statements contained in this presentation, including assumptions, opinions and views of Rocket or cited from third party sources, are solely opinions and forecasts which are uncertain and subject to risks. Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in general economic conditions, in particular economic conditions in the markets in which Rocket operates, changes affecting interest rate levels, changes in competition levels, changes in laws and regulations, environmental damages, the potential impact of legal proceedings and actions and Rocket's ability to achieve operational synergies from acquisitions. Rocket does not guarantee that the assumptions underlying the forwardlooking statements in this presentation are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or any obligation to update the statements in this presentation to reflect subsequent events. The forward-looking statements in this presentation are made only as of the date hereof. Neither the delivery of this presentation nor any further discussions of Rocket with any of the recipients thereof shall, under any circumstances, create any implication that there has been no change in the affairs of Rocket since such date. Consequently, Rocket does not undertake any obligation to review, update or confirm recipients' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of the presentation. Neither Rocket Internet AG nor any other person shall assume any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or the statements contained herein as to unverified third person statements, any statements of future expectations and other forward-looking statements, or the fairness, accuracy, completeness or correctness of statements contained herein, or otherwise arising in connection with this presentation.





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