Kinnevik Results Presentation Deck slide image

Kinnevik Results Presentation Deck

TRAVEL COMPANIES HAVE BEEN SEVERELY AFFECTED BY UNPRECEDENTED GLOBAL TRAVEL RESTRICTIONS, AND THE SHAPE OF THE RECOVERY REMAINS UNCERTAIN ► Severely impacted by Covid-19 as many corporates have taken a binary approach to business travel, but customer acquisition remains strong I TravelPerk was on a growth trajectory at the beginning of the year on the back of strong take-rate improvements, but experienced steep declines as travel restrictions were imposed globally through March and now see virtually zero demand The company is using this as an opportunity to expand on its corporate client base, and March was one of the best months ever for new customer acquisitions Has implemented measures to save costs in the short-term Gross Travel Budget Managed (EURm) 285 331 Q3 2019 412 Q4 2019 ►Sharp reduction in demand, however impact is slightly more muted given greater exposure to ground transportation and domestic travel Q1 2020 I (9)% The travel sector has been particularly impacted by the ongoing Covid-19 crisis, however, this is also a time for our companies to accelerate product development to better serve their users in the future, and they are managing operating expenses to build leaner organisations Omio has experienced a significant reduction in demand and is heavily affected by the uncertainty in the travel industry. However, the impact is slightly more muted, given Omio's greater exposure to ground transportation than flights, and to domestic rather than international travel Has implemented measures to save costs in the short-term Onsite Booking Volume Growth Q1 2020 7 KINNEVIK
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