Deliveroo Results Presentation Deck
Definitions & Basis of Discussion
The following commentary includes discussion of statutory measures such as revenue and cash and cash equivalents, as well as
alternative performance measures (APMS) such as gross transaction value (GTV), gross profit margin (as % of GTV) and adjusted
EBITDA, as the business also uses these metrics to monitor and assess performance. A full list of APMs and their definitions can
be found on page 37 in the Preliminary Results announcement.
References to profitability in this presentation are to adjusted EBITDA unless otherwise stated. Adjusted EBITDA represents loss
for the year before income tax charge/credit, finance costs, finance income, depreciation and amortisation, exceptional costs,
exceptional income, legal and regulatory settlements and provisions, and share-based payments charge and accrued national
insurance on share options. Adjusted EBITDA is considered to be a measure of the underlying trading performance of the Group
and is used, amongst other measures, to evaluate operations from a profitability perspective, to develop budgets, and to measure
performance against those budgets. EBITDA less capital expenditure and capitalised development costs is used as a further
measure of underlying operating profitability of the business.
Growth rates are year-on-year and in reported currency unless otherwise stated. Constant currency growth rates adjusts for
period-to-period local currency fluctuations; the Group uses constant currency information because the Directors believe it allows
the Group to assess consumer behaviour on a like-for-like basis to better understand the underlying trends in the business.
On 29 November 2021, Deliveroo ceased operations in Spain. Spain has been classified as a Discontinued Operation in
accordance with IFRS 5 and as such Spain is not included in continuing operations in 2020-21 (but is included in continuing
operations for 2018-19).
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