2021-06-01-滴滴-滴滴出行DIDI美国IPO上市路演_33页_10mb

DiDi Global Inc. Roadshow Presentation Summary (June 2021)

Core Offering Summary

• Issuer: DiDi Global Inc. ("DiDi" or the "Company")
• Listing Venue / Ticker: NYSE / DIDI
• Filing Range: US$13.00 - US$14.00 per ADS
• Base Offering Size: 288,000,000 ADSs (1 ADS = 0.25 Class A ordinary shares)
• Pre-Greenshoe Proceeds: US$3,744MM - US$4,032MM
• Over-allotment Option: 43,200,000 ADSs (15.0% of Base Offering)
• Pre-Greenshoe Proceeds from Over-allotment: US$562MM - US$605MM
• Indication of Interest (IOI): Up to US$1,250MM, including:
  • Morgan Stanley Investment Management: Up to US$750MM
  • Temasek: Up to US$500MM
• Lock-up Period: 180 days
• Use of Proceeds:
  • ~30% in technology capabilities
  • ~30% in international market expansion
  • ~20% in new products and existing offerings
  • ~20% for other general corporate purposes
• Expected Pricing Date: June 29, 2021
• Joint Bookrunners: Goldman Sachs, Morgan Stanley, J.P. Morgan

Our Mission

• Make Life Better by Transforming Mobility
• World's Largest Mobility Technology Platform
• Key Metrics:
  • Annual Active Users: 493MM
  • Average Daily Transactions: 41MM
  • Cities Covered: ~4,000 cities in 16 countries
  • Core Platform GTV: RMB244BN
  • Annual Active Drivers: 15MM
  • Driver Income: RMB600BN+

Consumer Experience and Market Trends

• Consumer Demand for Next Gen Mobility Will Only Grow
  • Urbanization & Regional Economic Growth: Est. number of cities of similar size in China is expected to grow from 10 in 2020 to 30 in 2030
  • Consumption Upgrade: Est. annual disposable income of RMB40K and above in 2030 is 800MM
  • Generational Preference Shift: 74.3% of people aged 25-35 prefer shared mobility
  • Favorable Regulations: 0.03% Beijing license plate lottery winning rate in 2020

Products and Services

• Services with Price Range from Low to High:
  • Public Transit
  • Bike
  • E-bike
  • Carpooling
  • Hitch
  • Piggy Express
  • Taxi
  • Express P
  • Premier
  • Chauffeur
  • Luxe
  • Enterprise Solutions

Technology and Innovation

• D1: World's First Purpose-Built EV for Shared Mobility
  • Features: Interactive Infotainment System, Extra Legroom
  • Passenger Satisfaction: 90%
  • Driver Experience: Personalized In-App Control
• EV Network:
  • No.1 EV Network: 1MM+ on platform
  • EV Mileage in China: 38%
  • EV Charging Network: No.1 in China
  • Market Share of Public Charging Volume: 30%+

Autonomous Driving

• A Leader in the Development and Commercialization of Autonomous Technology
  • Shared Mobility and EV Foundation: Enables commercialization of autonomous vehicles
  • Ecosystem: Centered around DiDi's operating and technology platform

International Expansion and Growth

• International TAM:
  • 2020: US$41 billion
  • 2025E: US$117 billion for Shared Mobility
  • Online Food Delivery TAM: US$345 billion
• GTV Growth:
  • International GTV Growth: +72.58%
  • China Mobility GTV Growth: +14.7%
  • Core Platform GTV Growth: +223%

Key Financial Performance (Q1 Update)

• Core Platform GTV:
  • 2018: RMB212.4BN
  • 2019: RMB225.3BN
  • 2020: RMB214.6BN
  • 2020Q1: RMB32.7BN
  • 2021Q1: RMB62.3BN
  • YoY Growth: 90.4%
• Platform Sales:
  • 2018: RMB18.7BN
  • 2019: RMB24.2BN
  • 2020: RMB34.7BN
  • 2020Q1: RMB4.8BN
  • 2021Q1: RMB11.1BN
  • YoY Growth: 130.8%
• EBITA:
  • 2018: (RMB0.3BN)
  • 2019: RMB3.8BN
  • 2020: RMB4.0BN
  • 2020Q1: RMB0.6BN
  • 2021Q1: RMB3.6BN
  • YoY Growth: 487.3%

Operational and Strategic Highlights

• Digital and Hyperlocal Operational Expertise:
  • ~100 City and Regional Managers
  • ~2,000 Driver Service Managers
  • 20,000+ Driver Buddies
  • 15MM Annual Active Drivers
• Technology and AI:
  • Centralized knowhow, technology, and intelligence powered by AI
  • Smart dispatching, dynamic pricing, and tailored strategies

Sustainability and Social Responsibility

• Sustainable Mobility:
  • 38% EV mileage in China on DiDi platform
• Combatting COVID-19:
  • 11MM free masks and sanitizers
  • Global Vaccination Support Fund for 15 countries
• Diversity and Inclusion:
  • 2.8MM+ women drivers
  • 37% female employees

EBITA Bridge

• China Mobility:
  • Based on FY2020 financials
  • Includes Tax Holding, Chauffeur, and Hatcher
  • Refers to earnings and incentives to Taq drivers, Chauffeur service providers, and other partners
  • Includes share-based compensation and amortization of intangible assets
• International:
  • Based on FY2020 financials
  • Includes share-based compensation and amortization of intangible assets
  • Adjusted EBITA is reported

Disclaimer

• The information in this presentation is for informational purposes only and has not been independently verified.
• No representation, warranty, or undertaking is made regarding the fairness, accuracy, completeness, or correctness of the information.
• The Company is not liable for any loss arising from the use of this presentation.
• The information is subject to change without notice.
• This presentation does not constitute an offer or solicitation to buy, sell, or issue securities, nor is it a prospectus.
• The Company's securities have not been approved by the SEC or any other regulatory authority.
• Forward-looking statements are not guarantees and involve risks and uncertainties. Actual results may differ from those expressed or implied.