{
  "docId": "019de076-2c5d-754f-b066-1b13fc8be5d4",
  "docSlug": "133f0fa86bae3684e1db0eae18a428d2",
  "documentTitle": "Delivery Hero | Results Presentation Deck | 37 slides",
  "authorId": "delivery-hero",
  "authorName": "Delivery Hero",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-11-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 32,
  "pageCount": 37,
  "prevPage": 31,
  "nextPage": 33,
  "slideType": "appendix_methodology",
  "function": "present_framework",
  "density": "overcrowded",
  "nDataPoints": 0,
  "notes": "The slide details the two-step process of CPI restatement and currency translation, and provides a logic for how inflation vs. devaluation impacts financial performance.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de076-2c5d-754f-b066-1b13fc8be5d4/32",
  "deckHref": "/decks/019de076-2c5d-754f-b066-1b13fc8be5d4",
  "deckJsonHref": "/decks/019de076-2c5d-754f-b066-1b13fc8be5d4.json",
  "deckAnchorHref": "/decks/019de076-2c5d-754f-b066-1b13fc8be5d4#slide-32",
  "components": [
    {
      "bbox": {
        "h": 0.12,
        "w": 0.85,
        "x": 0.085,
        "y": 0.68
      },
      "kind": "list",
      "text": "Adj. EBITDA: If an entity is profitable and the monthly CPI increase (change in %) is higher than the monthly currency devaluation (change in %), there is a positive impact on adj. EBITDA from hyperinflation accounting. If an entity is unprofitable and the monthly CPI increase (change in %) is higher than the monthly currency devaluation (change in %), there is a negative impact on adj. EBITDA from hyperinflation accounting",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3864f089-469e-4e7d-a1a9-859cd20cb433",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.85,
        "x": 0.085,
        "y": 0.55
      },
      "kind": "list",
      "text": "Impact on the financials: GMV & Revenue: If the monthly CPI increase (change in %) is higher than the monthly currency devaluation (change in %), there is a positive impact on GMV and Revenue from hyperinflation accounting. If the monthly CPI increase (change in %) is lower than the monthly currency devaluation (change in %), there is a negative impact on GMV and Revenue from hyperinflation accounting",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3b4ab318-6834-4fb9-9f95-ed6b1d010379",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.85,
        "x": 0.085,
        "y": 0.29
      },
      "kind": "list",
      "text": "GMV, Revenue, adj. EBITDA and growth rates for the MENA, Americas and Integrated Verticals segments are impacted by hyperinflation adjustments. As GMV is not a financial metric, there is no requirement per IAS 29, however, for ratio purposes and consistency, we do translate this as well",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3b9ccd7d-a168-4c06-b171-30e49e40bc99",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.11,
        "w": 0.85,
        "x": 0.085,
        "y": 0.37
      },
      "kind": "list",
      "text": "Hyperinflation accounting is conducted quarterly at minimum, with YTD figures restated on an on-going basis to express current purchasing power and translated at closing rate for consolidation purposes. Those adjustments are being calculated based on CPI index (inflation driven) and FX evolvement (e.g. ARS devaluation to EUR). Those fluctuate within the fiscal year, hence every quarter can be impacted differently. The revaluation difference on a YTD basis is then booked in the current reporting period",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "614ff847-4b35-4462-bba9-11f13550ab27",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.85,
        "x": 0.085,
        "y": 0.15
      },
      "kind": "list",
      "text": "Hyperinflation refers to a situation where the prices of goods, services, interest and wages in a given country rise uncontrollably over a defined period of time. This is the case for Argentina and Turkey, both considered hyperinflationary economies, in accordance to IMF",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dc1b4180-c54a-4fd1-809c-460e1891ba97",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.85,
        "x": 0.085,
        "y": 0.23
      },
      "kind": "list",
      "text": "IAS 29 standard - Financial Reporting in Hyperinflationary Economies - is then applied to Delivery Hero's operations in said markets with the aim of expressing the Financial Statements in current purchasing power at the reporting date",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e5025fec-5cec-4c70-a0ac-a1f628b1802c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.85,
        "x": 0.085,
        "y": 0.49
      },
      "kind": "list",
      "text": "It's a two-step process, where first the Financial Statement of the subsidiary is restated in accordance with the CPI index. All amounts from the subsidiary's financial statements are then translated at the closing rate into EUR",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fdd8c083-257c-4416-b997-6ee61ab575bd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.85,
        "x": 0.085,
        "y": 0.94
      },
      "kind": "source-note",
      "text": "Note: MENA revenues, adj. EBITDA, GMV as well as the respective growth rates are also impacted by the Lebanese operations qualifying as hyperinflationary economy according to IAS 29.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9f269d23-e885-4800-843a-0b249edfd9cf",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.45,
        "x": 0.085,
        "y": 0.045
      },
      "kind": "title",
      "text": "Basic concepts of hyperinflation accounting (IAS 29)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "72d2fe28-c51b-4318-b1a4-16de02f06b0d",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "IAS 29",
      "slug": null,
      "matchId": "83a03c16-2f62-4dd8-a55d-075786fa99db",
      "evidence": "Explicitly mentioned in title and body as the accounting standard for hyperinflationary economies.",
      "confidence": 1
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}