1

SAVE THE DATE

GET YOUR TICKET NOW!www.noah-conference.com/request-invitation

Old Billingsgate, London Tempodrom, Berlin12-13 NOV2015 8 - 9 JUN2016

2Delivery Hero Holding GmbH - This document is strictly confidential and may not be copied, used, made available or be disclosed to third parties without prior written permission.

• Company founded in 2011

• 200,000 restaurants

• 10m monthly orders

Global leader

• 34 countries

• #1 in 30 countries

• High revenue growth

312

AcquisitionYear of

AcquisitionLocation Commentary

2012

• Increased growth rate by more than 2x within first year

• Moved company into profitability

• Number of restaurants have doubled since acquisition,

expanded focus from London to national coverage

2012

Sweden,

Finland, Austria,

Poland

• Nearly doubled year-on-year growth

• Significantly reduced cost base

2013 LatAm• Acquired regional market leader

• Increased year-on-year growth c. 3x

2014

• Integrated all back office, sales and marketing activities within

first 6 months of ownership has already resulted in material

cost savings

• IT platforms to be integrated during 2015

• Accelerating growth since acquisition

2014 LatAm

• Asset swap with FoodPanda

• Established clear market leadership across Spanish-speaking

LatAm

Delivery Hero Holding GmbH -This document is strictly confidential and may not be copied, used, made available or be disclosed to third parties without our prior

written permission.

17 ACQUISITIONS FROM START OF 2014 UNTIL TODAY.

> STRONG IN EXECUTION AND VALUE CREATION.

4Delivery Hero Holding GmbH - This document is strictly confidential and may not be copied, used, made available or be disclosed to third parties without prior written permission.

Opportunity

Huge market opportunity

Online

penetration

=

=*According to NPD Group

5Delivery Hero Holding GmbH - This document is strictly confidential and may not be copied, used, made available or be disclosed to third parties without prior written permission.

Huge revenue growth

0

50

100

150

200

250

2010 2013 2014 2015

REVENUE* *consists of commission; subscription fee, start package, other fees

71%

CAGR

m€

6Delivery Hero Holding GmbH - This document is strictly confidential and may not be copied, used, made available or be disclosed to third parties without prior written permission.

• Poor flyer

• Phone calls

• Manual processes

• Low quality

• Inefficient delivery

Yesterday’s industry

7Delivery Hero Holding GmbH - This document is strictly confidential and may not be copied, used, made available or be disclosed to third parties without prior written permission.

• Variety & Quality: from fast to healthy food

• Efficiency: from Zero to intelligent PoS systems, tracking

solutions and modern delivery logistics

• Convenience: focus on consumer needs, building an

amazing order experience

Today’s reality: How we improve food ordering

8Delivery Hero Holding GmbH - This document is strictly confidential and may not be copied, used, made available or be disclosed to third parties without prior written permission.

Our path to growth and change

• # 1 GLOBALLY

• LEADER IN €50B TAM

(and growing)

• TRANSFORMING THE

FOOD INDUSTRY