Jianpu Technology : First Quarter 2023 Earnings Presentation

First Quarter 2023 Earnings Results

May 29, 2023

Safe Harbor Statement and Disclaimer

This presentation contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include but are not limited to our unaudited results for the first quarter of 2023, our management quotes and our financial outlook for the second quarter of 2023.

Our forward-looking statements are not historical facts but instead represent only our belief regarding expected results and events, many of which, by their nature, are inherently uncertain and outside of our control. Our actual results and other circumstances may differ, possibly materially, from the anticipated results and events indicated in these forward-looking statements. Announced results for the first quarter of 2023 are preliminary, unaudited and subject to audit adjustment. In addition, we may not meet our financial outlook for the second quarter of 2023 and may be unable to grow our business in the manner planned. We may also modify our strategy for growth. In addition, there are other risks and uncertainties that could cause our actual results to differ from what we currently anticipate, including those relating to demand for, and market acceptance of, our solutions and services; our relationships with users, financial service providers and other parties we collaborate with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. For additional information on these and other important factors that could adversely affect our business, financial condition, results of operations and prospects, please see our filings with the U.S. Securities and Exchange Commission.

All information provided in this presentation is as of the date of the presentation. We undertake no obligation to update any forward- looking statement, whether as a result of new information, future events or otherwise, after the date of this presentation, except as required by law.

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Section I	Operational and Financial Highlights

1Q 2023 Financial and Operating Highlights

• Revenue growth across the board, bolstered technological and operational capabilities and stayed
  on the cutting edge of digital transformation

Revenue

Contribution

290

+39%

27%

208

8%

44%

21%

YoY

Growth

81%

12%

30%

32%

Our support to financial institutions

Digital marketing

Customer retention

User acquisition

Risk management

Actively deployed AI tools across businesses and daily operations.

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1Q 2023 Financial and Operating Highlights

• Sustain growth momentum to realize ongoing
  efficiency improvements

• Enhanced operational efficiency and optimized cost structure led to further margin improvement

ROI of Recommendation Services and

Marketing and Other Services1

1.35

1.16	1.20	1.25	1.26

Sequential decline due to the lagging effect of COVID, as well

as larger revenue contribution

from new business initiatives with lower margins at its early

stage

1.28 1.26

Quarterly Net Margin Improvement

1Q 2022	2Q 2022	3Q 2022	4Q 2022	1Q 2023
		-9.3%	-8.1%	-7.2%
	-13.5%

-25.5%	Net Loss Margin

Q1 2023 VS. Q1 2022: net loss margin

3 consecutive quarters with a single-digit net loss margin

reduced by	57%
Operating Loss
Operating Loss	18 ppts
Margin improved by

FY2020

FY2021

1Q 2022

2Q 2022

3Q 2022

4Q 2022

1Q 2023

Net Loss reduced by	61%
Net Loss Margin	18 ppts
improved by

1 ROI is calculated as revenues from recommendation services, marketing and other services divided by cost of promotion and acquisition.

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