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Food Delivery: Eat at Home Like You Would in a Restaurant

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Food Delivery: Eat at Home Like You Would in a Restaurant 1/2 Platforms & Services / Solactive Food Delivery Index / May 2020 Food Delivery: eat at home like you would in a restaurant You don’t want to cook, but you want to enjoy freshly cooked food at home? Online delivery services are enjoying increasing popularity. With Solactive, Vontobel has summarized several promising companies in this segment in one index. Since Pizza Hut launched its first online ordering service for can optimize underutilized capacities in their kitchens without pizza in 1994, online delivery services have turned into a busi- having to organize and maintain their own delivery services. ness worth billions. Statista estimates that this business gen- That means restaurants have the ability to realize additional erated approximately 107 billion US dollars in sales in 2019 sales potential. According to a study about Uber Eats cited by on a global scale. In five years, global sales in the online de- Deloitte, most restaurants witnessed increased sales after livery segment are projected to grow to 184 billion US dollars joining the delivery platform. – these estimates already include the effects of the corona cri- sis. One reason for this growth is an increasing demand for Takeover activities are brisk comfort: Instead of standing in the kitchen after a long day at The platform providers’ sector is on the move: They are posi- work, people find it is easier and more convenient to have tioning themselves because of the expected growth. Just Eat fresh food delivered to their homes. and Takeaway.com recently got the go-ahead for their mer- ger, and the British authorities granted their approval for Ama- The restaurant-to-consumer-delivery model initially gained in zon to take over the British company Deliveroo. In the middle significance because it was easy for restaurants to switch of May, Bloomberg reported that Uber Technologies had from phone to online orders. Service providers like Delivery made an offer to take over the US company Grubhub. Hero have expanded around the world in the last ten years, and global fast food chains like Domino’s have also increased Solactive Food Delivery Index (NTR) their digital sales. The selection of menus now goes far be- Together with the index provider Solactive, Vontobel has sum- yond pizza: Platforms like Just Eat and Takeaway.com, which marized the main service providers in the food delivery seg- recently merged in a transaction worth 6.2 billion pounds, ment in the Solactive Food Delivery Index (NTR). They are combine offers from different restaurants and accept orders selected in the index universe, which consists of companies for a fee. listed on the stock exchange in industrialized nations, whose market capitalization amounts to at least 750 million USD and Delivery service included whose average daily trading amount at the stock exchange is Some service providers like Uber Eats, Grubhub, and Deliv- at least 5 million US dollars. eroo have extended their business models and now do the A language algorithm is used to help search the publicly avail- restaurant’s task of delivering food to customers (platform-to- able information for terms that describe the theme of the in- consumer delivery). The advantage for restaurants is that they 2/2 Platforms & Services / Solactive Food Delivery Index / May 2020 investerest dex. Every company from the index universe receives a num- ber of points based on its focus on this sector. The selected companies are then checked to see whether a considerable portion of their business activities are in food delivery. The re- maining companies are classified based on the number of points. The 20 companies with the most points are depicted in the index with equal weighting. INITIAL INDEX COMPOSITION Amazon.com Meituan Dianping Class B Yum China Holdings, Inc. HelloFresh SE Alphabet Inc. Class A Uber Technologies, Inc. Delivery Hero SE Grubhub, Inc. Alibaba Group Holding Kroger Co. Just Eat Takeaway.com BJ's Wholesale Club Holdings, Inc. Ltd. Sponsored ADR N.V. Walmart Inc. Yum! Brands, Inc. Domino's Pizza, Inc. Wingstop, Inc. Costco Wholesale Corp. Chipotle Mexican Grill, Inc. Yandex NV Class A Papa John's International, Inc. KEY PRODUCT DATA* SSPA Product type Tracker certificate (1300) Underlying Solactive Food Delivery Index (NTR) Determination date / value date 8 June 2020 / 15 June 2020 Laufzeit Open End Issuer Bank Vontobel AG, Zurich (Moody's long-term deposit rating: Aa3) * All information is indicative and may be adjusted. Only the term sheets published on http://www.investerest.com together with the associated notifications and adjustments are legally binding. CURRENCY CHF USD ISIN / Symbol CH0450811010 / ZSOALV CH0450811028 / ZSOAMV Issue price CHF 101.50 USD 101.50 (CHF 1.50 Issue fee included) (USD 1.50 Issue fee included) Reference price of the CHF 100.00 USD 100.00 Certificate Legal Notices This publication is deemed to be marketing material within the meaning of Article 68 of the Swiss Financial Services Act (FINSA) and for informational pur- poses only, does not represent an investment recommendation or advice and contains neither an offer nor an invitation to make an offer. It does not replace the qualified advice necessary before any purchase decision, in particular as regards all associated risks. We will be happy to provide you with the legal binding documents such as the key information sheet or the prospectus as well as the information brochure "Risk Involved in Trading Financial Instruments" at any time and free of charge. Before purchasing derivative products, investors should read the relevant product documentation. This information contains an indication of past performance. Past performance is not a reliable indicator of future results. This information contains information on future performance. Such forecasts are not a reliable indicator of future performance. This publication was prepared by the Structured Products unit of our institution and is not the result of financial analysis. Structured products are not regarded as collective investment schemes within the meaning of the Federal Act on Collective Investment Schemes (CISA) [status as of 1 July 2016], and are therefore not subject to the approval or supervision of the Swiss Financial Market Supervi- sory Authority FINMA. The value of structured products may depend not only on the performance of the underlying, but also on the creditworthiness of the issuer. The investor is exposed to the risk of the issuer / guarantor defaulting. This publication may not be reproduced in whole or in part without the written permission of Vontobel. This publication and the financial products outlined therein are not intended for persons subject to a jurisdiction, which limits or prohibits the sale of financial products or the dissemination of this publication and/or the information contained therein. All information is provided without guarantee. We will be happy to answer any questions you may have concerning our products on +41 58 283 78 88. Please note that all calls to this number are recorded. ©Bank Vontobel AG. All rights reserved Licence notice: Solactive Food Delivery Index is calculated by Solactive AG ("Licensor"). The Open End Tracker Certificate on the Food Delivery Index is not sponsored, endorsed, sold or promoted by the licensor and the licensor shall not have any responsibility or liability with respect thereto. The licensor does not offer any warranty or insurance express or tacit, neither with regard to the results of the use of the index nor with regard to the index level at a certain time or from another point of view. investerest Vontobel, Bleicherweg 21 8022 Zurich T +41 58 283 78 88, [email protected] investerest.com .
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