TIDMJET
RNS Number : 7895P
Just Eat Takeaway.com N.V.
21 October 2021
Amsterdam, 21 October 2021
Just Eat Takeaway.com Capital Markets Day
Delivering sustainable growth and profits
Just Eat Takeaway.com N.V. (LSE: JET, AMS: TKWY, NASDAQ: GRUB),
hereinafter the "Company", or together with its group companies
"Just Eat Takeaway.com", one of the world's largest online food
delivery groups , will today hold a virtual Capital Markets
Day.
The Capital Markets Day will be hosted by Jitse Groen, Chief
Executive Officer, together with Brent Wissink, Chief Financial
Officer, and Joerg Gerbig, Chief Operating Officer, who will
present along with other senior members of the management team.
The Capital Markets Day event will focus on the following key
areas:
-- Vision & Strategy - Empowering every food moment to
deliver sustainable growth and profits; benefits of a hybrid
operating model; and extending Delivery to build sustainably
profitable market positions
-- Market Leadership - Building on our strong track record of
execution; continuing our successful turnaround in the UK; and
deploying our clear playbook in the US to overcome current
challenges
-- Innovation - Expanding our market through convenience
grocery; enhancing the experience for consumers and partners
through technology; and leading the food delivery sector in ESG
initiatives[1]
-- Financials - A new reporting segmentation which aligns with
our organisation; and pursuing a clear path to a long-term group
adjusted EBITDA margin in excess of 5% of GTV
Guidance and outlook
There will be no new disclosures on current trading conditions,
with management reiterating its guidance for the full year
2021:
-- Order growth (excl. Grubhub) above 45% year-on-year
-- GTV (incl. Grubhub on a combined basis ([2]) ) expected to be
in a range of EUR28 to EUR30 billion
-- Adjusted EBITDA margin (incl. Grubhub on a combined basis) in
a range of minus 1% and minus 1.5% of GTV
Longer term targets
Management will announce the following financial targets:
-- GTV (incl. Grubhub on a combined basis(2) ) to grow by
mid-teens percentage points year-on-year in 2022
-- 2021 will be the peak year of losses, with 2022 adjusted
EBITDA margin improving to the range of minus 0.6% to minus 0.8% of
GTV
-- In excess of EUR30 billion of GTV to be added over the next 5 years
-- Long term group adjusted EBITDA margin in excess of 5% of GTV
Revised reporting structure
The Company announces changes to its reporting structure, to
better reflect the Company's existing organisational and management
structure and provide investors with greater clarity of Just Eat
Takeaway.com's underlying business performance across its regions.
From 1 January 2022, the Company intends to report in four regional
segments as follows:
-- North America : US and Canada
-- UK & Ireland : UK and Ireland
-- Northern Europe : Germany, Austria, Switzerland, the
Netherlands, Belgium, Denmark,
Norway, Luxembourg, Poland and Slovakia
-- Southern Europe & ANZ : Australia, New Zealand, Spain,
Italy, France, Portugal, Israel, Romania and
Bulgaria
The Company's full year 2021 results will be shown under the
existing reporting structure with a reconciliation to the new
reporting structure.
Webcast details
The event will be held virtually through a live webcast
scheduled to begin at 13:00 CET (12:00 GMT / 7:00 EDT). Investors
and analysts are invited to register in advance at:
https://channel.royalcast.com/landingpage/takeawayinvestors/20211021_1/
.
Just Eat Takeaway.com
Jitse Groen, CEO
Brent Wissink, CFO
Joerg Gerbig, COO
Matt Maloney, member of the Management Board
Investors:
Joris Wilton
E: IR@justeattakeaway.com
Media:
E: press@justeattakeaway.com
For more information, please visit our corporate website:
https://justeattakeaway.com
About Just Eat Takeaway.com
Just Eat Takeaway.com (LSE: JET, AMS: TKWY, NASDAQ: GRUB) is a
leading global online food delivery marketplace outside China.
Headquartered in Amsterdam, the Company is focused on connecting
consumers and restaurants through its platforms. With over 580,000
connected restaurants, Just Eat Takeaway.com offers consumers a
wide variety of food choice. Just Eat Takeaway.com mainly
collaborates with delivery restaurants. In addition, Just Eat
Takeaway.com provides its proprietary restaurant delivery services
for restaurants that do not deliver themselves.
The combination of Just Eat and Takeaway.com has rapidly grown
to become a leading online food delivery marketplace with
operations in the United States, United Kingdom, Germany, the
Netherlands, Canada, Australia, Austria, Belgium, Bulgaria,
Denmark, France, Ireland, Israel, Italy, Luxembourg, New Zealand,
Norway, Poland, Portugal, Romania, Slovakia, Spain and Switzerland,
as well as through partnerships in Colombia and Brazil.
Market Abuse Regulation
This press release contains inside information (i) as meant in
clause 7(1) of the Market Abuse Regulation and (ii) in terms of
Article 7(1) of the Market Abuse Regulation as it forms part of UK
law pursuant to the European Union (Withdrawal) Act 2018.
Disclaimer
Statements included in this press release that are not
historical facts (including any statements concerning investment
objectives, other plans and objectives of management for future
operations or economic performance, or assumptions or forecasts
related thereto) are, or may be deemed to be, forward-looking
statements, including "forward-looking statements" made within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements may be identified by the use
of forward-looking terminology, including the terms "believes",
"estimates", "plans", "projects", "anticipates", "expects",
"intends", "may", "will" or "should" or, in each case, their
negative or other variations or comparable terminology, or by
discussions of strategy, plans, objectives, goals, future events or
intentions. Forward-looking statements may and often do differ
materially from actual results.
Any forward-looking statements reflect the Company's current
view with respect to future events and are subject to risks
relating to future events and other risks, uncertainties and
assumptions relating to the Company's business, results of
operations, financial position, liquidity, prospects, growth or
strategies. Among the key factors that could cause actual results
to differ materially from those projected in the forward-looking
statements are risks from or uncertainties related to the
following: innovation, competition, brand & reputation,
acquisitions, global strategic projects, technology reliability
& availability, social change, legislation & regulation,
data security & privacy, financial reporting, people,
operational complexity of hybrid model (marketplace and delivery)
and integration & transformation. Additional information
concerning key factors that could cause actual results to differ
materially from those projected in the forward-looking statements
can be found in the Company's filings with the U.S. Securities and
Exchange Commission ("SEC"), including the Company's registration
statement on Form F-4 (Registration Statement No. 333-255540),
which was declared effective by the SEC on May 12, 2021, and
Current Reports on Form 6-K, which may be obtained free of charge
at the SEC's website, http://www.sec.gov, and the Company's Annual
Reports, which may be obtained free of charge from the Company's
corporate website, https://justeattakeaway.com.
Past performance is no guide to future performance and persons
needing advice should consult an independent financial adviser.
Forward-looking statements reflect knowledge and information
available at, and speak only as of, the date they are made, and the
Company expressly disclaims any obligation or undertaking to
update, review or revise any forward-looking statement contained in
this announcement whether as a result of new information, future
developments or otherwise. Readers are cautioned not to place undue
reliance on such forward-looking statements.
No Offer or Solicitation
This presentation shall not constitute an offer to sell or the
solicitation of an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
[1] Environment, Social and Governance initiatives
[2] The Grubhub business was consolidated from 15 June 2021, and
the Just Eat business was consolidated from 15 April 2020. These
figures are presented as if the combination was completed on 1
January 2020 to provide comparable information for the full six
months period. These numbers are unaudited.
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END
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