NASPERS LIMITED Prosus
Accounting method | US$'m | 1H FY19 | 1H FY20 | 1H FY212 | FY19 | FY20 | FY21 | |
Ecommerce | ||||||||
Revenue | 1 840 | 1 908 | 2 608 | 3 596 | 4 266 | 6 230 | ||
% YoY growth US$ | 25% | 4% | 37% | 8% | 19% | 46% | ||
% YoY growth LC, ex M&A | 29% | 28% | 51% | 26% | 33% | 54% | ||
Adjusted EBITDA | (144) | (299) | (140) | (408) | (660) | (277) | ||
% EBITDA margin | (8%) | (16%) | (5%) | (11%) | (15%) | (4%) | ||
Trading Profit | (169) | (352) | (214) | (454) | (782) | (429) | ||
% TP margin | (9%) | (18%) | (8%) | (13%) | (18%) | (7%) | ||
Classifieds | ||||||||
Revenue | 396 | 587 | 628 | 857 | 1 281 | 1 599 | ||
% YoY growth US$ | 40% | 48% | 7% | 40% | 49% | 25% | ||
% YoY growth LC, ex M&A | 38% | 38% | (3%) | 37% | 37% | 18% | ||
Adjusted EBITDA | 50 | 59 | 56 | 10 | 82 | 67 | ||
% EBITDA margin | 13% | 10% | 9% | 1% | 6% | 4% | ||
Trading Profit | 42 | 37 | 29 | (6) | 34 | 9 | ||
% TP margin | 11% | 6% | 5% | (1%) | 3% | 1% | ||
Food Delivery | ||||||||
Revenue | 181 | 306 | 610 | 377 | 751 | 1 486 | ||
% YoY growth US$ | 223% | 69% | 99% | 127% | 99% | 98% | ||
% YoY growth LC, ex M&A | 79% | 69% | 141% | 57% | 105% | 127% | ||
Adjusted EBITDA | (39) | (273) | (168) | (162) | (596) | (313) | ||
% EBITDA margin | (22%) | (89%) | (28%) | (43%) | (79%) | (21%) | ||
Trading Profit | (41) | (283) | (189) | (171) | (624) | (355) | ||
% TP margin | (23%) | (92%) | (31%) | (45%) | (83%) | (24%) | ||
Payments & Fintech | ||||||||
Revenue | 171 | 199 | 252 | 360 | 428 | 577 | ||
% YoY growth US$ | 36% | 16% | 27% | 22% | 19% | 35% | ||
% YoY growth LC, ex M&A | 33% | 20% | 29% | 28% | 21% | 36% | ||
Adjusted EBITDA | (22) | (35) | (27) | (39) | (60) | (59) | ||
% EBITDA margin | (13%) | (18%) | (11%) | (11%) | (14%) | (10%) | ||
Trading Profit | (24) | (38) | (31) | (43) | (67) | (68) | ||
% TP margin | (14%) | (19%) | (12%) | (12%) | (16%) | (12%) | ||
Etail | ||||||||
Revenue | 849 | 525 | 965 | 1 529 | 1 363 | 2 250 | ||
% YoY growth US$ | 5% | (38%) | 84% | (17%) | (11%) | 65% | ||
% YoY growth LC, ex M&A | 23% | 13% | 70% | 19% | 16% | 54% | ||
Adjusted EBITDA | (74) | (1) | 40 | (87) | 8 | 102 | ||
% EBITDA margin | (9%) | (0%) | 4% | (6%) | 1% | 5% | ||
Trading Profit | (83) | (15) | 24 | (101) | (20) | 68 | ||
% TP margin | (10%) | (3%) | 2% | (7%) | (1%) | 3% | ||
Travel | ||||||||
Revenue | 137 | 146 | - | 234 | 146 | - | ||
% YoY growth US$ | 43% | 7% | - | 11% | (38%) | - | ||
% YoY growth LC, ex M&A | 25% | 4% | - | 20% | 8% | - | ||
Adjusted EBITDA | (17) | (19) | - | (36) | (19) | - | ||
% EBITDA margin | (12%) | (13%) | - | (15%) | (13%) | - | ||
Trading Profit | (19) | (21) | - | (37) | (22) | - | ||
% TP margin | (14%) | (14%) | - | (16%) | (15%) | - | ||
Other1 | ||||||||
Revenue | 106 | 145 | 153 | 239 | 297 | 318 | ||
% YoY growth US$ | 4% | 37% | 6% | 9% | 24% | 7% | ||
% YoY growth LC, ex M&A | 19% | 25% | 35% | 19% | 23% | 34% | ||
Adjusted EBITDA | (42) | (30) | (41) | (94) | (75) | (74) | ||
% EBITDA margin | (40%) | (21%) | (27%) | (39%) | (25%) | (23%) | ||
Trading Profit | (44) | (32) | (47) | (96) | (83) | (83) | ||
% TP margin | (42%) | (22%) | (31%) | (40%) | (28%) | (26%) | ||
Social and internet platforms | ||||||||
Revenue | 7 041 | 8 017 | 10 082 | 14 744 | 17 189 | 22 526 | ||
% YoY growth US$ | 31% | 14% | 26% | 20% | 17% | 31% | ||
% YoY growth LC, ex M&A | 38% | 18% | 28% | 31% | 21% | 28% | ||
Adjusted EBITDA | 2 236 | 2 682 | 3 464 | 4 369 | 5 455 | 7 229 | ||
% EBITDA margin | 32% | 33% | 34% | 30% | 32% | 32% | ||
Trading Profit | 2 055 | 2 334 | 2 983 | 3 952 | 4 699 | 6 154 | ||
% TP margin | 29% | 29% | 30% | 27% | 27% | 27% | ||
Associate | Tencent | |||||||
Revenue | 6 905 | 7 800 | 9 912 | 14 457 | 16 779 | 22 155 | ||
% YoY growth US$ | 32% | 13% | 27% | 20% | 16% | 32% | ||
% YoY growth LC, ex M&A | 39% | 18% | 28% | 31% | 21% | 28% | ||
Adjusted EBITDA | 2 213 | 2 599 | 3 426 | 4 324 | 5 328 | 7 151 | ||
% EBITDA margin | 32% | 33% | 35% | 30% | 32% | 32% | ||
Trading Profit | 2 043 | 2 264 | 2 968 | 3 929 | 4 601 | 6 126 | ||
% TP margin | 30% | 29% | 30% | 27% | 27% | 28% | ||
Associate | Mail.ru | |||||||
Revenue | 136 | 217 | 170 | 287 | 410 | 371 | ||
% YoY growth US$ | 17% | 60% | (22%) | 12% | 43% | (10%) | ||
% YoY growth LC, ex M&A | 30% | 22% | 20% | 27% | 26% | 21% | ||
Adjusted EBITDA | 23 | 83 | 38 | 45 | 127 | 78 | ||
% EBITDA margin | 17% | 38% | 22% | 16% | 31% | 21% | ||
Trading Profit | 12 | 70 | 15 | 23 | 98 | 28 | ||
% TP margin | 9% | 32% | 9% | 8% | 24% | 8% | ||
Corporate1 | ||||||||
Revenue | - | - | - | - | - | - | ||
Adjusted EBITDA | (49) | (56) | (23) | (111) | (134) | (104) | ||
Trading Profit | (51) | (64) | (26) | (121) | (140) | (110) | ||
Economic interest | ||||||||
Revenue | 8 881 | 9 925 | 12 690 | 18 340 | 21 455 | 28 756 | ||
% YoY growth US$ | 30% | 12% | 28% | 17% | 17% | 34% | ||
% YoY growth LC, ex M&A | 36% | 20% | 32% | 30% | 23% | 33% | ||
Adjusted EBITDA | 2 043 | 2 327 | 3 301 | 3 850 | 4 661 | 6 848 | ||
% EBITDA margin | 23% | 23% | 26% | 21% | 22% | 24% | ||
Trading Profit | 1 835 | 1 918 | 2 743 | 3 377 | 3 777 | 5 615 | ||
% TP margin | 21% | 19% | 22% | 18% | 18% | 20% | ||
Less: Equity-accounted investments | ||||||||
Revenue | (7 670) | (8 508) | (10 517) | (15 685) | (18 125) | (23 640) | ||
Adjusted EBITDA | (2 101) | (2 459) | (3 277) | (4 115) | (4 985) | (6 901) | ||
Trading Profit | (1 909) | (2 094) | (2 771) | (3 683) | (4 198) | (5 778) | ||
Consolidated | ||||||||
Revenue | 1 211 | 1 417 | 2 173 | 2 655 | 3 330 | 5 116 | ||
Adjusted EBITDA | (58) | (132) | 24 | (265) | (324) | (53) | ||
Trading Profit | (74) | (176) | (28) | (306) | (421) | (163) |
Notes
- Corporate costs, previously disclosed in Ecommerce Other, are now included in Corporate.
- Unaudited 1H FY21 adjusted EBITDA and trading profit (TP) adjusted to exclude the remeasurement of cash-settled SARs in line with disclosure adopted in October 2021.
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Disclaimer
Naspers Limited published this content on 21 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2021 08:50:00 UTC.
