Deliveroo PLC Capital Markets Event (9766U)
November 29 2023 - 2:00AM
UK Regulatory
TIDMROO
RNS Number : 9766U
Deliveroo PLC
29 November 2023
29 November 2023
Deliveroo plc
Capital Markets Event
Deliveroo will this afternoon host an in-person capital markets
event for pre-registered institutional investors and sell-side
analysts at its London office. There will be presentations from the
Deliveroo management team, as well as Q&A sessions and
interactive product demonstrations.
The presentations will focus on:
-- Growth opportunities within existing restaurant and grocery businesses
-- Launch of new retail proposition
-- Improvements in delivery experience
-- Deliveroo Plus subscription programme
-- Scaling of the advertising business
-- A vision of the future consumer experience
-- Deliveroo's financial framework
2023 Guidance
There will be no new disclosures on current trading, with
management reiterating its guidance for the full year 2023:
-- GTV growth expected to be lower single digits percentage growth in constant currency
-- Adjusted EBITDA expected to be in the range of GBP60-80 million
Longer-term targets
-- GTV growth - updated: medium-term GTV growth expected to be
mid-teens percentage growth per annum in constant currency
-- Profitability - reiterated: Deliveroo aims to reach an
adjusted EBITDA margin (as % of GTV) of 4%+ by 2026, with further
upside potential beyond 2026
The presentation and Q&A will also be webcast live,
beginning at 13:00 GMT. Please register at the following link:
https://stream.brrmedia.co.uk/broadcast/654b92b859ca99144bacce32 .
A recording of the webcast and a copy of the presentation will be
made available after the event on the Company's website at
https://corporate.deliveroo.co.uk/ .
Will Shu, Founder and CEO of Deliveroo, said:
"I'm pleased to be hosting Deliveroo's first capital markets
event today. It has been 11 years since Deliveroo was founded and
almost three years since our IPO. I am excited as ever about the
future of the business - there continues to be significant headroom
for growth.
We remain relentlessly focused on improving the delivery
experience and providing value for money to consumers. I believe
that this is critical to unlocking the full growth potential in our
industry and I am exceptionally proud of the work our team has done
in this area already.
One further driver of growth will be the expansion of our
platform to encompass retail, such as DIY, homeware and electrical
goods. This enhancement of our offering will leverage our existing
capabilities to bring more of the neighbourhood to consumers'
doors.
Looking ahead, we are updating our medium-term GTV growth target
to mid-teens percentage growth per annum and we remain on track to
deliver our 4%+ adjusted EBITDA margin target by 2026. These
ambitions reflect our commitment to driving sustainable growth and
creating long-term value for our stakeholders."
Contacts
Investor Relations
David Hancock, VP Finance, Strategy & IR -
investors@deliveroo.co.uk
Tim Warrington, Investor Relations Director
Rohan Chitale, Investor Relations Director
Media Relations
Joe Carberry, VP Policy & Communications -
joe.carberry@deliveroo.co.uk
Teneo, James Macey White, Jessica Reid - deliveroo@teneo.com
About Deliveroo plc ('Deliveroo' or 'the Company')
Deliveroo is an award-winning delivery service founded in 2013
by William Shu and Greg Orlowski. Deliveroo works with
approximately 183,000 best-loved restaurants and grocery partners,
as well as around 135,000 riders to provide the best food delivery
experience in the world. Deliveroo is headquartered in London, with
offices around the globe. Deliveroo operates across 10 markets,
comprising Belgium, France, Hong Kong, Italy, Ireland, Kuwait,
Qatar, Singapore, United Arab Emirates and the United Kingdom.
Further information regarding Deliveroo is available on the
Company's website at https://corporate.deliveroo.co.uk/ .
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