Uber-UBER2020年投资关系PPT：公司即将迎来盈利（英文）-2020.2.6-39页_13mb

2020 Investor Presentation Summary

Core Content Overview

Uber's 2020 Investor Presentation outlines its financial performance, strategic direction, and long-term growth goals. The document emphasizes the use of non-GAAP financial measures to provide a clearer view of operational performance and profitability. It also highlights the company's expansion across multiple markets and its focus on product innovation, operational efficiency, and strategic investments in emerging industries.

Main Financial Measures and Their Use

Uber utilizes the following non-GAAP financial measures to supplement its GAAP financial reporting:

• Adjusted Net Revenue: A key performance indicator that excludes certain items.
• Rides Adjusted Net Revenue: Revenue from rides, excluding specific expenses.
• Eats Adjusted Net Revenue: Revenue from food delivery, excluding certain expenses.
• Adjusted EBITDA: Earnings before interest, taxes, depreciation, and amortization, adjusted for non-recurring items.
• Adjusted Costs and Expenses: Operational costs adjusted for non-GAAP items.

These measures are used for financial and operational decision-making, and to evaluate performance trends. They are not intended to replace GAAP financial information but provide additional insights.

Key Financial Highlights

Gross Bookings

• $65B in FY 2019
• + $15B / 35% YoY Growth on a constant currency basis

Monthly Active Platform Consumers (MAPCs)

• 111M as of Q4 2019
• +20M / 22% YoY Growth

Trips

• 7B in FY 2019
• +1.7B / 32% YoY Growth

Drivers

• 5M as of Q4 2019

Growth and Profitability

Rides Segment

• 76% of 2019 Gross Bookings
• $1.2B in Uber for Business Gross Bookings in Q4 2019
• 54% YoY growth in Premium Gross Bookings
• 300% YoY growth in Uber Health Gross Bookings
• Rides Adjusted EBITDA reached $742M in Q4 2019, covering corporate G&A and platform R&D by $98M

Eats Segment

• 22% of 2019 Gross Bookings
• $415M in Adjusted Net Revenue in Q4 2019
• Average order size is ~50% larger than Rides
• Lower insurance costs compared to Rides
• $2.8T TAM for food delivery

Strategic Investments and Partnerships

Freight & New Mobility

• 1% of 2019 Gross Bookings
• $1.3T TAM in the US and Europe
• $876M in Q4 2019 Eats Adjusted Net Revenue
• $140M in Q4 2019 Other Bets Adjusted Net Revenue

Autonomous Technology Group (ATG)

• Strategic investment in autonomy
• $1B raised from Toyota, Denso, and Softbank in 2019
• Collaboration with Toyota in Pittsburgh
• Focus on SDVs with a hybrid approach, leveraging existing driver base until full autonomy is viable

Path to Profitability

Uber aims to achieve profitability by 2021 through:

• Investing in high-margin and low-cost products
• Deepening engagement with high-value users
• Exercising cost discipline
• Leveraging operational scale and technological advancements

Liquidity Position

• $11.3B in liquidity as of Q4 2019

Non-GAAP Reconciliations

Key Adjustments:

• Excess Driver Incentives
• Driver Referrals
• Restructuring Charges
• Stock-Based Compensation

Forward Looking Statements and Risks

Uber includes forward-looking statements in its presentation, acknowledging the risks and uncertainties that may affect future performance. These include:

• Market competition
• Growth and corporate culture management
• Financial performance and product investments
• Regulatory and legal developments

The company emphasizes that these statements are based on current assumptions and that it undertakes no duty to update them unless required by law.

Summary of Non-GAAP Reconciliation

Key Strategic Initiatives

• Expanding into high-potential markets with significant GDP rankings
• Improving Take Rate across segments
• Enhancing product offerings for increased user loyalty and engagement
• Exploring platform synergies to support growth in multiple segments
• Investing in innovation to drive operational efficiency and user experience

Conclusion

Uber continues to focus on its core Rides and Eats segments, leveraging its global scale, technological infrastructure, and brand recognition to drive growth and profitability. The company is strategically investing in emerging industries such as freight, new mobility, and autonomous technology, while maintaining a clear path to achieving its long-term financial targets. Non-GAAP measures are used to provide a more accurate reflection of core business performance and to support financial and operational decision-making.