Q4 2022 Earnings Report
Business Update
Executing relentlessly to improve profitability
Adjusted EBITDA margins (1) as a proportion of
GMV(2)
Q4 2021
Q1 2022 Q2 2022 Q3 2022
Q4 2022
Deliveries Segment Adjusted EBITDA margin (3)
as a proportion of GMV(2)
+550bps
(2.2)%
(3.2)%
(4.6)%
(6.0)%
(6.8)%
+454bps
0.4%
(1.4)%
(2.2)%
(3.5)%
Q4 2021
Q1 2022
Q2 2022
Q3 2022
2.0%
Q4 2022
Note: 1. Adjusted EBITDA is defined as net loss adjusted to exclude: () net interest income (expenses), (ii) other income (expenses), (iii) income tax expenses, (iv) depreciation and amortization, (v) stock-based compensation expenses, (vi) costs related to mergers and acquisitions, (vii)
unrealized foreign exchange gain (loss), (viii) impairment losses on goodwill and non-financial assets, (ix) fair value changes on investments, (x) restructuring costs, (xi) legal, tax and regulatory settlement provisions and (xii) share listing and associated expenses. Adjusted EBITDA margin is a non-
IFRS financial measure calculated as Adjusted EBITDA divided by Gross Merchandise Value 2. GMV means gross merchandise value, an operating metric representing the sum of the total dollar value of transactions from Grab's services, including any applicable taxes, tips, tolls and fees, over the
period of measurement 3. Segment Adjusted EBITDA is a non-IFRS financial measure, representing the Adjusted EBITDA of each of our four business segments, excluding, in each case, regional corporate costs. For a reconciliation to the most directly comparable IFRS measure see the section
titled "Non-IFRS Reconciliation." Deliveries Segment Adjusted EBITDA margins calculated as a percentage of Deliveries GMV
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