Grab’s Latest Investor Presentation Slides Ahead Of Its S$53B US Listing

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Singapore-based technology company and super app Grab announced yesterday that it intends to go public in the US in partnership with Altimeter Growth Corp.

The proposed transactions value Grab at an initial pro-forma equity value of approximately US$39.6 billion (S$53.16 billion) at a PIPE size of more than US$4.0 billion (S$5.37 billion) and will provide Grab with approximately US$4.5 billion (S$6.04 billion) in cash proceeds.

Ahead of its listing plan in the US, Grab has released an investor presentation featuring key statistics on the company’s growth in Singapore and the Southeast Asian region.

Southeast Asia’s Leading Super App

Grab Superapp
Image Credit: Grab

Grab was launched as MyTeksi in Malaysia in 2012, which allowed the booking of a ride via an app.

They later expanded into the region from 2013 onwards as GrabTaxi. It moved into Singapore, the Philippines, and Thailand in that year and four other Southeast Asian countries over the next four years, rebranding themselves as Grab along the way.

It has since grown to become Southeast Asia’s leading super app, boasting a suite of services from transport and delivery to micro investments, insurance and financial services.

Grab Superapp
Image Credit: Grab Investor Presentation

This suite of services are integrated into what a consumer will do daily in their lives, from ordering your breakfast, grabbing a ride to your office to online shopping after work.

Grab’s Latest Financials

Grab Superapp
Image Credit: Grab

Here are some key statistics as shown in the investor presentation:

In 2020, Grab has attained $12.5 billion in gross merchandise value, surpassing pre-pandemic levels and more than doubling from 2018. Grab’s adjusted net revenue was $1.6 billion in 2020, with over 1.9 billion transactions completed on Grab.

It is available in over 400 cities in 8 countries. As of December 2020, Grab has 5 million registered driver partners and 2 million merchant partners

It has also managed to diversify its business model across the eight countries, with no one country accounting for more than 35 per cent of its revenue.

The investor presentation also states that Grab is in the top position in mobility with the largest last-mile transportation network, deliveries, with the largest delivery platform, and financial services.

The company has made significant strides towards profitability, achieving positive segment EBITDA in mobility across all markets, and positive segment EBITDA in deliveries in five out of six countries. Furthermore, it expects to hit profitability by 2023.

Post-IPO Vision

According to the company, it believes that it is perfectly positioned to serve the needs of consumers, merchants and drivers in Southeast Asia through its super app strategy, and it will continue to expand its offerings in the region.

It already offers an ecosystem of complementary services, addressing high-frequency, everyday needs, all via one app.

Across online food delivery, ride-hailing and digital wallet payments, Grab expects its total addressable market to grow from approximately US$52 billion (S$69.59 billion) in 2020 to more than US$180 billion (S$134.50 billion) by 2025.

“It gives us immense pride to represent Southeast Asia in the global public markets. This is a milestone in our journey to open up access for everyone to benefit from the digital economy,” said Grab founder and CEO Anthony Tan.

Image Credit: Vulcan Post

Featured Image Credit: ucars.sg



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