GRAB
Ride-Hailing & Delivery
1. Solving Big Problems
- Cuts Full-Year Forecast & SPAC Deal
2. Quarter 2, 2021
Net loss widens & cuts full-year outlook
Updates on Grab with SPAC Deal
That postponement came as the U.S. Securities and Exchange Commission tightened scrutiny over SPACs.
June 2021
A. Close SPAC deal by end of 2021
The SPAC merger was pushed back to the fourth quarter of 2021
Auditors look into Grab's financials for the past three years
B. Grab’s U.S. Trading to Start Dec. 2 After SPAC Deal Closes
Setting the stage for the Southeast Asian ride-hailing and delivery giant to debut on the U.S. stock market on Thursday.
The Singaporean startup closed down nearly 21% Dec 2 as it began trading on New York's Nasdaq.
Under the deal, Grab merged with Altimeter Growth Corp (AGC), a SPAC launched by Altimeter Capital, a US investment firm
Grab grappled with the spread of the Delta coronavirus variant in its biggest markets (Indonesia and Vietnam), and trimmed its earnings forecasts several times.
Grab: a bellwether for Asean's digital growth?
Interoperability and data
Growing pains: talent and sustainability
A bellwether for Asean's digital potential
Grab App
Challenges
As it becomes a public company
Opportunity in Southeast Asia
660 million people
Sharing and Educating
Prove that the long-term sustainability
In Ashia
Sharing very young mobile first population
Clearly product market fit in the region
Competition
Pushing us to invent and reinvent for consumers
Sale During Pandemic
Pandemic
Vaccination Rate
Grab cut-full year projection
Lockdown extension in most of the countries
Sale after vaccination
Restrict on SEA countries
40 billion dollar merge with US
Increase Income / GMV
Loss range more wider from $718 to 815 Millon
180 million dollar revenue
Scale down from 2.3 billion to (2.1 to 2.2)billion dollar
GMV 16.7 billion to (15 to 15.5)billion
More revenue - more expense
future
New vehicle
Combination with different fields
help parents transport to school
help patients go to hospitals
combination with food delivery
technological advance
Link to other websites
motorcycle
Electric car
GRAB app develop faster than others
Geopolitics and local politics
Renewed pandemic
Q2
Revenue
More than doubled to 180 million dollars
Net loss
Widened to 815 million dollars
How it affected?
Mobility business
Most profitable business
Underwent lock down impacted across all the road and the countries
Delivery business
Groceries delivery’s profit has increased
Full-year outlook
Adjusted net sales:$2.1b-$2.2b
Lower than earlier forecast of $2.3b
Gross merchandise value:$15b-$15.5b
Down from earlier estimate almost $17b
Q4
U.s spec firm ultimate growth on track to $40b merger
2022 outlook
Remain bright
If countries can manage vaccinate
Delivery bus add more groceries