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Business Overview Strategy Group Structure Summarised Business overview Summarised financial data Naspers is a global internet and entertainment group and one of Income statement data FY16 FY15 FY14 the largest technology investors in the world. We focus on building Year ended 31 March US$m US$m US$m leading companies that empower people and enrich communities. Revenue 5,930 6,569 6,154 EBITDA 423 550 637 We operate in more than 130 countries and markets with long- Trading profit 179 298 394 term growth potential, and we run some of the world's leading Trading margin platforms in internet, video entertainment and media. 3% 5% 6% Core Headline EPS (cents) 298 255 216 Every day, hundreds of millions of people use the products and services of companies that Naspers has invested in, acquired and Balance sheet data* built, including Allegro, Avito, eMAG, Flipkart, letgo, Mail.ru Non-current assets 13,486 10,236 9,515 (LSE: MAIL), Media24, Movile, MultiChoice, OLX, PayU, ShowMax, Current assets 3,237 2,700 2,698 SimilarWeb, and Tencent (SEHK 00700). Total assets 16,723 12,936 12,213 Shareholders’ equity 10,654 6,903 6,477 Naspers is listed on the Johannesburg Stock Exchange (JSE) and has Non-current liabilities 4,023 3,852 3,471 an ADR listing on the London Stock Exchange (LSE). Current liabilities 2,046 2,181 2,265 Equity and liabilities 16,723 12,936 12,213 Strategy NAV/share (cents) 2,379 1,614 1,580 *Core headline earnings per share excludes, amongst other items, fair value Throughout our 100-year history, we have grown by investing in, adjustments required in terms of accounting standard IAS 39, which in our view acquiring and building leading companies. ignores economic reality and artificially inflates headline earnings. We take promising models and grow them quickly to scale, evolve and grow companies already at scale, and hold investments in listed companies with significant upside. Exchange and trading information Today, the Naspers group is organised into six business areas: JSE (Ticker: NPN) Classifieds, Payments, B2C ecommerce, Ventures, Video Total shares issued: 437.92 million Entertainment and Media. We also hold sizable investments in Shareholders: listed assets Tencent and Mail.ru. We believe in the power of local backed by global scale. South Africa (42%) Our businesses are run by local teams and benefit from global United States (30%) support, including sharing talent and expertise across the group. UK & Europe (16%) Asia (6%) We believe we are the best global growth partner for founders, Other (7%) startups and other investors with the ambition to scale in high growth markets. Group structure FY16* Revenue Split: Type IVAS & games (36%) Subscription (23%) Ecommerce (21%) Advertising (11%) Printing + other (3%) Technology (2%) Other (4%) *Based on economic interest, i.e. assuming equity accounted investments are proportionately consolidated *Organogram depicts major brands Internet Key Executives We focus on ecommerce, but offer the full range of internet-based Corporate services from communication and social networking, to Bob van Dijk - Group CEO entertainment and mobile value-added services. Basil (Vasili) Sgourdos - Group CFO Mark Sorour - Group CIO Our Internet operations include: David Tudor - Group General Counsel Classifieds – Footprint across 40 markets. Our companies OLX, Aileen O’Toole - Group Human Resources Officer Avito and letgo have the #1 mobile classifieds app in more than 20 countries. Internet CEOs Oliver Rippel - CEO B2C Ecommerce B2C ecommerce – Spanning etail, marketplace and travel Martin Scheepbouwer - CEO Classifieds segments. Operations in Latin America, Central and Eastern Charles Searle - CEO Listed Assets Europe, the Middle East and Africa and include Allegro, Laurent Le Moal - CEO Payments Avenida, eMAG, Flipkart, Konga, Markafoni, Souq, and Larry Illg - CEO Ventures Takealot, as well as online travel businesses such as Goibibo Pat Kolek - COO Ecommerce and Redbus. Przemyslaw Budkowski - Allegro (Poland) Jonas Nordlander - Avito (Russia) Payments – PayU is one of the largest Payment Service Sandoval Martins - Buscapé (Brazil) Platforms in the world, with leading positions across Africa and Iulian Stanciu - eMag (CEE) the Middle East, Central and Eastern Europe, India, and Latin Binny Bansal - Flipkart (India) America. Ashish Kashyap - ibibo Group (India) Shola Adekoya - Konga (Nigeria) Ventures – Seeking new opportunities and providing expertise Dmitry Grishin - Mail.ru (Russia) to the Group that support high potential internet businesses Ilker Baydar - Markafoni (Turkey) and help their founders to scale globally. (Portfolio includes Fabrício Bloisi - Movile (Brazil) Alec Oxenford - letgo Brainly, SimilarWeb, Twiggle and Udemy). Or Offer - SimilarWeb (Middle-East) Ronaldo Mouchawar - Souq (Middle-East) We also hold investments in: Kim Reid - Takealot (South Africa) Tencent (34%) - China’s largest and most used internet Pony Ma - Tencent (China) services platform. Video entertainment CEOs Mail.ru Group (29%) - the leading internet company in Russian- Imtiaz Patel - Video Entertainment speaking markets. Tim Jacobs - MultiChoice Africa Doug Lowther - Irdeto Video Entertainment Mark Rayner - MultiChoice South Africa Patricia van Rooyen - M-Net Through MultiChoice South Africa and MultiChoice Africa, our Gideon Khobane - SuperSport Video Entertainment division brings entertainment to more than Mike Raath - DStv Online 10 million subscribing households in 50 countries across Chris Hitchings - DStv Media Sales sub-Saharan Africa. Glen Marques - Myriad Programming Derek Hershaw - MWEB SA With limited broadband infrastructure and almost no cable access John Kotsaftis - ShowMax in Africa, we offer digital satellite (DTH), digital terrestrial (DTT) and online video entertainment services. Media CEOs Esmaré Weideman - Media24 M-Net provides general entertainment content and SuperSport, Keith Vroon - Novus Holdings the largest funder of sport on the African continent, ensures quality sport content for our customers. Technology provider Irdeto is a world leader in content security, Executive offices management and delivery for pay media companies. 40 Heerengracht, Cape Town, 8001, South Africa MWeb is a leading internet service provider in South Africa. Telephone: +27 21 406 2121 Media Financial calendar Media24 is South Africa’s leading with more than 40 magazines Financial year-end March and 80 newspapers and reaches more than 13 million monthly Full year results end June unique browsers across its digital platforms. Annual report July It has interests in digital media and services, newspapers, Annual general meeting August magazines, ecommerce, book publishing, print and distribution. Interim for half-year to September end November Dividend September .
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