Grab $AGC 1Q21 Earnings πͺπ»
- GMV $3.6b +5% β‘οΈ
- Net Sales $507m +39% βοΈ
- Adj EBITDA -$111m βοΈ +$233m YoY
- GMV Deliveries $1.7b +49% βοΈ
- Spend per user (MTU) +31% βοΈ
- Gross Billings $541m +20% βοΈ
- MTU 23.8m -20% βοΈ βπ©
- GMV $3.6b +5% β‘οΈ
- Net Sales $507m +39% βοΈ
- Adj EBITDA -$111m βοΈ +$233m YoY
- GMV Deliveries $1.7b +49% βοΈ
- Spend per user (MTU) +31% βοΈ
- Gross Billings $541m +20% βοΈ
- MTU 23.8m -20% βοΈ βπ©
(1) Deliveries πππ
- GMV $1.7b +49% βοΈ
- Net Sales $293m +96% β¬οΈ
- Rev $53m βοΈ +$152m YoY β
- Adj EBITDA -$4m βοΈ +$147m YoY β
- Continues to scale GrabMart (everyday goods delivery offering). 1Q21 GMV +21% QoQ +36X vs 1Q20 π
- GMV $1.7b +49% βοΈ
- Net Sales $293m +96% β¬οΈ
- Rev $53m βοΈ +$152m YoY β
- Adj EBITDA -$4m βοΈ +$147m YoY β
- Continues to scale GrabMart (everyday goods delivery offering). 1Q21 GMV +21% QoQ +36X vs 1Q20 π
(2) Mobility ππ
- GMV $1.9b -36% β¬οΈ
- Net Sales $167m -14% βοΈ
- Rev $145m +18% βοΈβ
- Adj EBITDA $115m +42% βοΈ
- Renewed mobility restrictions continues to hamper demand
- GMV $1.9b -36% β¬οΈ
- Net Sales $167m -14% βοΈ
- Rev $145m +18% βοΈβ
- Adj EBITDA $115m +42% βοΈ
- Renewed mobility restrictions continues to hamper demand
(3) Financial Servicesπ²
- TPV +18% βοΈ
- Net Sales $23m +31% βοΈ
- Rev $8m βοΈ +$29m YoY β
- Adj EBITDA -$78m +$39m YoY β
- Loans +45% Insurance >+300% π
- TPV +18% βοΈ
- Net Sales $23m +31% βοΈ
- Rev $8m βοΈ +$29m YoY β
- Adj EBITDA -$78m +$39m YoY β
- Loans +45% Insurance >+300% π
Top Dog.
β‘οΈ Grab is Southeast Asiaβs leading super-app based on GMV in 2020, and the category leader by GMV in: (1) online food delivery and (2) ride-hailing, and by TPV in the (3) e-wallet segment of financial services in Southeast Asia. πͺπ»
β‘οΈ Grab is Southeast Asiaβs leading super-app based on GMV in 2020, and the category leader by GMV in: (1) online food delivery and (2) ride-hailing, and by TPV in the (3) e-wallet segment of financial services in Southeast Asia. πͺπ»
βWe exceeded our internal targets for Adj Net Sales and Adj EBITDA for 1Q21, & continued the strong growth momentum of our deliveries business. We saw robust topline growth, even compared to the 1Q20 that saw limited impact from COVID-19, and took strides towards profitability.β
βIn 2Q21, we saw the continuing resilience & strong performance of our business, combined with disciplined operational execution. We are confident that our diversified geographical & vertical footprint puts us in a strong position to capture the massive opportunity in SEA.β
Final Thoughts on Grab $AGC:
β‘οΈ Mobility yet to fully recover due to restrictions. Deliveries & Financial Services driving growth, improving profitability and new opportunities. Multiple levers of long-term growth for SEAβs leading Super-App. Continue to monitor mobility.
β‘οΈ Mobility yet to fully recover due to restrictions. Deliveries & Financial Services driving growth, improving profitability and new opportunities. Multiple levers of long-term growth for SEAβs leading Super-App. Continue to monitor mobility.
β’ β’ β’
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