Grubhub Investor Presentation Deck

Early Proof Points of Success Delivery Already Driving Growth in Tier 2 Markets Order growth in a number of Tier 2 Markets has accelerated following introduction of delivery... DAGS Growth Y/Y (1) 3/1/15 Repeat Diner Frequency Growth 4/1/15 3/1/15 5/1/15 4/1/15 With much of the impact being driven by improving repeat diner usage metrics Date of Delivery Rollout 5/1/15 6/1/15 7/1/15 8/1/15 9/1/15 -Market 1-Market 2 -Market 3-Market 4 Date of Delivery Rollout Defined as growth y/y in orders per repeat diner per month 6/1/15 7/1/15 8/1/15 9/1/15 -Market 1 -Market 2 -Market 3-Market 4 10/1/15 10/1/15 11/1/15 11/1/15 12/1/15 12/1/15 GH 16

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