Financial Results

For the year ended

31 March 2024
Forward looking statements

This report contains forward-looking statements as defined in the United States Private Securities Litigation Reform Act of 1995 concerning our financial condition,
results of operations and businesses.

These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control and all of which are based on our current
beliefs and expectations about future events. Forward-looking statements are typically identified by the use of forward-looking terminology such as "believes", "expects",
"may", “will”, “could”, should", "intends", "estimates", "plans", "assumes" or "anticipates", or the negative thereof, or other variations thereon or comparable
terminology, or by discussions of strategy that involve risks and uncertainties.

These forward-looking statements and other statements contained in this report regarding matters that are not historical facts involve predictions. No assurance can be
given that such future results will be achieved. Actual events or results may differ materially as a result of risks and uncertainties facing us and our subsidiaries. Such
risks and uncertainties could cause actual results to vary materially from the future results indicated, expressed or implied in such forward-looking statements.

There are a number of factors that could affect our future operations and could cause those results to differ materially from those expressed in the forward-looking
statements including (without limitation): (a) changes to IFRS and associated interpretations, applications and practices as they apply to past, present and future periods;
(b) ongoing and future acquisitions, changes to domestic and international business and market conditions such as exchange rate and interest rate movements; (c)
changes in domestic and international regulatory and legislative environments; (d) changes to domestic and international operational, social, economic and political
conditions; (f) labour disruptions and industrial action; and (g) the effects of both current and future litigation.

The forward-looking statements contained in the report speak only as of the date of the report. We are not under any obligation to (and expressly disclaim any
such obligation to) revise or update any forward-looking statements to reflect events or circumstances after the date of the report or to reflect the occurrence of
unanticipated events. We cannot give any assurance that forward-looking statements will prove correct and investors are cautioned not to place undue reliance
on any forward-looking statements.

2
Group Update
Ervin Tu
FY24 Was a Strong Year for Prosus

Accelerated and peer leading revenue growth

19% Ecommerce revenue growth accelerates 2 percentage points from FY23

Ecommerce achieved overall profitability

$451m improvement in Trading Profit

Share repurchase program continued to create value

22% ($26bn) of free float, $32bn of value created since inception

Artificial Intelligence embedded across the Group

Innovating across businesses and investing in AI-first companies

Sustainability prioritised
On-track to meet all commitments

4
Consistent progress culminated in a pivotal TP milestone …

Accelerated Revenue Growth First Ecommerce Trading Profit Positive Free Cash Flow

Ecommerce Revenue1 (US$’bn) Ecommerce Trading Profit / (Loss)2 (US$’m) Free Cash Flow Inflow / (Outflow)3 (US$’m)

19%
19%
YoY3 $451m $773m
Improvement Improvement
YoY Growth
YoY YoY

38
(58)
524

(372) (370) 268

5.5
(413)
4.3 4.5 (72)
3.8
(249)
2.6 (371)

FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24

1 Prior year Revenue is proforma to exclude OLX Autos, Avito and the change in revenue recognition for iFood to reflect a like-for-like comparison. Growth in local currency excluding M&A.
2 Prior year Trading Profit /Loss is proforma to exclude OLX Autos and Avito.
3 To report a more sustainable and relevant indicator of our FCF generation, in FY24 we excluded specific merchant cash-related working capital. Prior period numbers are proforma to reflect this change.
5
… with strong execution across our businesses

Strong revenue growth & profit improvement supported by growing ecosystems

Food Payments
Classifieds Edtech Etail
Delivery & Fintech

22% 27% 38% 9% 8%

YoY Revenue YoY Revenue YoY Revenue YoY Revenue YoY Revenue
Revenue1 (US$’m)

Growth Growth2 Growth Growth Growth

1 928 2 206
1 222 1 106
947 707 903
519 134 148
FY23 FY24 FY23 FY24 FY23 FY24 FY23 FY24 FY23 FY24
Trading margin
improvement

15 pp 13 pp2 6 pp 32 pp 1 pp

Results from continuing operations of majority owned and managed businesses. Growth in local currency excluding M&A. pp = percentage points
1 Prior year numbers are proforma to exclude OLX Autos, Avito and the change in revenue recognition for iFood to reflect a like-for-like comparison. Growth in local currency excluding M&A.
2 Excluding Ukraine, revenue growth was 22% year-over-year and a 11-percentage point improvement in trading profit.
6
iFood’s ecosystem has created multiple growth drivers

Innovation continues to extend the growth lifecycle

GMV Evolution Revenue1 (US$’m)

22%
YoY
iFood
Hall
25%
Food
Groceries New
Delivery 1 222
initiatives 947
491 644
190
FY20 FY21 FY22 FY23 FY24
32%

Full service Orders (m) 18%

Credit
Ads YoY
B2B
20%
Meal
Vouchers

Food Marketplace 43%

80% 981
% GMV 733 832
533
276
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
FY20 FY21 FY22 FY23 FY24

1 Prior year revenue has been adjusted to reflect a like-for-like comparison with FY24 when we modified our revenue recognition approach from a principle to agency basis and began netting delivery subsidies against our revenue.
7
OLX’s horizontal and verticals help grow adjacencies

Expanded from pure classifieds to adjacent services with valuable and significant TAM

Food Ave. Monthly Revenue per Professional Dealer /Agent

Delivery (US$)1

Find
Core Core 12%
Classifieds Classifieds YoY
Goods Jobs Motors Real Estate
Payments
22%
YoY
ARPA 17% 31%
(Real Estate) YoY YoY

Car history Virtual tours

New Employer & inspections & data services 27%
Goods/B2C Profiles YoY
Tenant
Adjacencies
Groceries
Dealer ratings
verification 23%
ARPD YoY
Candidate (Motors)
Pay & Ship Car financing &
profiles Mortgages
leasing

2020 2021 2022 2023 2024

1 Average Monthly Revenue per Professional Dealer (ARPD) and Average Monthly Revenue per Professional Agent (ARPA) for all EU and SA verticals businesses.
8
We are deploying our AI capabilities to optimise Prosus

AI is embedded across the Group ...

... at a Group level via AI assistant ... in our portfolio companies ... and in our investments

Number of Queries (‘000)

221
9 investments in AI-native businesses
More than 900 opportunities reviewed
~$100m/year cost reductions
due to enhanced customer-support
automation and promotions predictions alone

40
15% increase in marketing
campaign effectiveness

Apr-23 Jul-23 Oct-23 Jan-24 Apr-24

13k ~75% of fraudulent transactions

Unique users
5-10% 1.3m identified with fraud models and scores
Reported productivity Questions answered
across 24 Prosus
increase
portfolio companies

9
9
IRR remains below target …

Unsatisfactory IRR Returns undermined by same underperformers, which are being addressed

iFood 32
NAV (US$’bn) and IRR (%)1 Food2 Delivery Hero -23
of Ecommerce portfolio
OLX Europe 28
OLX Brazil 20
Classifieds
Dubizzle -1
18% IRR letgo/Offerup -37

17

IRR by entity (FY24)

Eruditus
Stack Overflow -39
Edtech Skillsoft -59
BYJU’S -100

iyzico 31
4% IRR Payments PayU India 21
Remitly 16
$50
B2C
eMAG 13
Takealot 12

$28 ElasticRun 30
Ventures Meesho 26
PharmEasy -35

Travel Trip.com 10

Tencent Tencent3 51
H1 FY22 FY24
related Meituan3 -14
-80 -60 -40 -20 0 20 40 60

Note: Selection of disclosed investments is primarily based on valuation, and secondarily on capital invested.
1 Valuation of the Ecommerce portfolio (excluding Tencent) is based on a combination of (i) prevailing share prices for listed assets as at 21 June 2024; (ii) consensus sell-side analysts’ estimates for unlisted assets; (iii) most recent post-money

transactions valuation where analyst consensus is unavailable; and (iv) internal valuation for any remaining assets. The IRR is calculated including exited assets.
2 Swiggy’s IRR not disclosed due to the ongoing IPO process.
3 Tencent includes JD.com proceeds and the value of Meituan on the day of distribution, which is then assumed as the investment cost for Meituan’s IRR calculation. 10
… and we have taken action to enhance performance & returns

How we are improving our operations and processes

Structure Flattened the organisation to get closer to our businesses

Decision-making process Revamped investment and M&A process

Continued active
Increased involvement at our portfolio companies
engagement

Allocating time to
Nurturing and growing our most promising assets
our winners

Culture A balance of growth and discipline, with adjusted incentives

11
We have repurchased over 20% of our market cap in 2 years …

While we work to improve the NAV, we are dramatically shrinking the free float

Priced at
21 June2024

$32bn 679m 22% 8% NAV

Value Prosus & Naspers of Prosus accretion
created1 shares acquired2 free-float repurchased3 per share3

… which will continue to compound value over time

While the discount remains elevated, we envision no changes to the parameters of the programme

Priced at 21 June 2024

1 Value created for the Group based on the impact of the discount narrowing and the total value of the NAV per share increase after applying the current discount.
2 637m Prosus and 42m Naspers shares repurchased. Prosus shares repurchased prior to the share capitalisation issue have been adjusted to reflect like-for-like.
3 20% of Naspers free-float was repurchased and this translates to an 9% NAV accretion per share for Naspers.
12
… which represents the largest relative buyback in Tech globally

Capital return via open-ended buyback the largest in tech globally1 relative to market cap

Buyback as % of shares outstanding2

22%

20%

18% 18%

13%

11% 11%
10%

8%

6%

Prosus Nas pers Exped ia Booking PayPal Fiserv Alib aba Meta Go ogle Apple

Source: Bloomberg, Company data, as of 21 June 2024, Prosus based on net buyback relative to free float shares
1 Companies selected from S&P 500, Stoxx 600, Hang Seng and JSE All Share indices.
2 Period for each company reflects the 2-year period closest to Prosus’ repurchase period of 28 June 2022 to 21 June 2024 based on available data. Based on shares outstanding as at start of the relevant 2-year periods.
13
Tencent is rebounding on strong operational performance

High quality revenue growth led to a 34% profit improvement1

Tencent gross profit (RMB’bn)1

23%
YoY

Focused on high quality growth

models
293
222 246 239
168
Leader in Gen AI research 2019 2020 2021 2022 2023
and deployment

Tencent operating profit (RMB’bn)1,2

On track to double share
repurchases in 2024 to over 34%
HK$100bn YoY

46% CAGR in dividend 192

143 153 143
since 2021 108

2019 2020 2021 2022 2023

1 Financial details according to Tencent’s financial reports available at www.tencent.com. Equity-accounted investments are included on a 3-month lag basis in Prosus’s results. % represents YoY growth for the year ended 31 December 2023.
2 Operating profit reported on a non-IFRS basis, which reflects Tencent’s core earnings.
14
Capital allocation focused on investment & shareholder return

In the last 24 months we have materially increased capital returned …

Capital allocation (US$’bn)

$35bn
Capital invested¹ returned
in the past
Capital returned²
5 years

+43%
dividend
declared

13.2

10.6

7.0
5.2 5.2
4.0 3.5
1.7 1.6 1.1

FY20 FY21 FY22 FY23 FY24 FY25

1 Capital invested reflects investment through M&A and organic investment (trading profit investment into consolidated new initiative businesses).
2 Capital returned reflects the combined value of the shares repurchased and dividends paid by Prosus and Naspers.
15
We made continued progress on our sustainability journey

We are working towards meeting our sustainability targets and improving disclosure

Progress on verified science-based climate targets Other highlights

Corporate Emissions Journey to CSRD Compliance

On-track Successfully completed our double
100% reduction
materiality assessment, providing the basis On-track
scope 1 & 2 by FY28 Scope 1 and 2 for our CSRD compliant reporting in FY25
emissions at zero

Responsible Investing
Supply Chain Emissions The criteria for our investment decisions
are clearly defined and exclude or
30% reduction of air travel emissions
On-track limit our exposure to revenue from On-track
by FY30
business models that conflict with
our sustainability driven approach

External Benchmarks
Portfolio Emissions Achieved A- score (leadership category) on
Over 50% of portfolio1 sets a Portfolio coverage CDP submission for Prosus within 3 years of
science-based target by FY30 our reporting journey, S&P scores also On-track
is at 24% at FY24
improved

1 By invested capital

16
Financial Update
Basil Sgourdos
FY24
FY24Financial
FinancialHighlights
Highlights

Financial Summary
1st year of Ecommerce profitability

FY23 FY24

Industry leading levels of revenue

Consolidated Ecommerce results from continuing operations1
growth across the Ecommerce portfolio, with a
2pp acceleration from FY23 Ecommerce Revenue Growth2 17% 19%

Ecommerce Trading Profit/(Loss) ($413m) $38m

96% increase in Core HEPS, fuelled by strong
Ecommerce and Tencent results, complemented Ecommerce Trading Profit/(Loss) Margin (8%) 1%
by our continuous share buyback

Group results from continuing operations1

$773m YoY improvement in Free Cash Flow Core Headline Earnings $2.7bn $5.0bn

Core HEPS YoY Growth (20%) 96%

Strong, liquid balance sheet Free Cash Flow3 ($249m) $524m

provides financial flexibility

Central Cash $14.9bn $14.6bn

1 FY23 is adjusted for minor OLX Autos revenues and costs from the finance business which is winding down.
2 Revenue percentages represent year-on-year growth in local currency, excluding M&A.
3 In FY24 we excluded specific merchant cash-related working capital. FY23 is proforma to reflect this change.

18
We accelerated our peer-leading revenue growth …

We have built businesses with sustainable revenue platforms for long-term growth

FY24 Ecommerce consolidated revenue growth by segment (%)1

Peers²
Prosus
38%

2pp
Revenue
acceleration
from FY23 27%

19% 22%
19%

15%

11%
9%
7% 8%

1%
0%

Ecommerce Food Delivery Core Classifieds Payments & Fintech Edtech Etail

1 YoY growth shown in local currency, excluding M&A.

2 Based on peer equivalent annual periods, source: Bloomberg, company data. Peer group shown on Page 46. 19
… and we achieved Ecommerce profitability

Our ambition for profitability during 1H FY25 was exceeded by achieving FY24 profitability in 2H FY24

Consolidated Ecommerce trading losses (US$’m)1

9 pp
margin
improvement
YoY

50
74

0
(11) (47) (36)
-50
(149) (157)
-100
(221)
(256) Profit of $38m for
-150
FY24

-200

-250

-300
H1 FY21 H2 FY21 H1 FY22 H2 FY22 H1 FY23 H2 FY23 H1 FY24 H2 FY24

1 Consolidated trading losses of continuing operations of majority owned and managed businesses. FY23 has been adjusted to include like-for-like minor OLX Autos revenues and costs of a finance business which is winding down.

20
Profitability improved across all our business segments …

Revenue growth, scale and cost reductions resulted in trading profit improvement across all our segments

FY24 Ecommerce consolidated trading profit / (loss) by segment (%)

FY23

FY24

$451m
In total TP
improvement
YoY
172

67 56

(31) (35) (37)

(61)
(83) (88)
(106) (98)
(131)

Food Delivery Core Classifieds Payments & Fintech Edtech Etail Other¹

1 Other includes Movile and Prosus Ventures.

21
… particularly iFood and OLX’s core businesses

iFood & Classifieds both delivered a 24% margin in their core businesses, while growing revenue over 20%

iFood Brazil Restaurants Core Classifieds

24% 27%
Revenue2 (US$’m)

YoY1 YoY1

1 089
861 707
637 521 519
483 347 434
189

FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24
Trading Profit/(Loss)2

260 172
81 65 56
30 31
(US$’m)

10 94

24% 24%
(208)
margin margin

FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24

1 Growth represents YoY growth excluding FX and M&A.

2 Prior year Revenue and Trading Profit / (Loss) is proforma to exclude OLX Autos, Avito and the change in revenue recognition for iFood to reflect a like-for-like comparison. 22
iFood delivered a 24% margin in its core, while growing 24%

Consolidated Food Delivery iFood: Healthy growth and profit improvement2

iFood Brazil Restaurants Continuing New initiatives1

22% 24% 25%

Revenue2 (US$’m)

YoY YoY YoY

1 222 1 089
947 861
644 483 637 68
491 189
54
190
FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 H1 FY24 H2 FY24
Trading Profit/(Loss) (US$’m)

260 (69)
96 30 (80)
10 94
(15) (65)
15pp 46pp
(183) YoY Margin
(208) 24% 1H vs 2H
(211) improvement
improvement margin

FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 H1 FY24 H2 FY24

1 Includes grocery, fintech initiatives, corporate costs for iFood. Excluding dark stores and other discontinued initiatives.
2 In FY24, we modified our revenue recognition approach from a principal to an agency basis and began incorporating delivery subsidies into our revenue calculations. We have adjusted prior year revenue on a like-for-like basis.
YoY % growth is in local currency excluding M&A, FY23 vs FY24. 23
OLX accelerated growth and expanded profit margins

Classifieds drives peer leading profitable growth Healthy growth across Motors, Real Estate & Pay&Ship

Ave. Monthly Revenue per Professional Dealer /Agent (US$)3

27%
YoY2 12%
Revenue from continuing operations1 (US$’m) YoY

22%
YoY
17%
ARPA YoY 31%
(Real Estate) YoY
707
521 519 27%
347 434 YoY
23%
ARDP YoY
(Motors)
FY20 FY21 FY22 FY23 FY24
2020 2021 2022 2023 2024
Trading Profit from continuing operations1 (US$’m)
Pay & Ship GMV (US$m)
13pp
Margin
improvement2
88% 9%
YoY YoY

172
545 593
81 65 303
31 56

FY20 FY21 FY22 FY23 FY24 FY22 FY23 FY24

1 Results of continuing majority owned and managed businesses. This excludes results from associates and joint ventures. FY23 has been adjusted to include minor OLX Autos revenues and costs of a finance business which is winding down.
2 Growth in local currency excluding M&A. Excluding Ukraine, revenue growth was 22%, with an 11-percentage point trading profit margin improvement.
3 Average Monthly Revenue per Professional Dealer (ARPD) and Average Monthly Revenue per Professional Agent (ARPA) for all EU and SA verticals businesses.
24
PayU continued to scale and improve profitability

Consolidated Payments & Fintech Strong growth and profit improvement in both PSP and new initiatives

Core Payments & Fintech New Initiatives2

38% 38%
YoY revenue YoY1
Revenue (US$’m)

growth1 41% 17%

YoY1 YoY1

1 106 975
903 790
686 643 113 131
515 373 499
386 13 43
16
FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24

2pp
Trading Profit/(Loss) (US$’m)

6pp YoY Margin 34pp

improvement YoY Margin
YoY Margin
improvement improvement

28 19
10
(44) (55) (46) (83) (4) (2)
(31) (40) (65) (50)
(74) (81)

FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24

1 Growth in local currency excluding M&A.

2 Includes mainly India credit, GPO credit and in FY23 prior digital banking initiatives.
25
Edtech improved its loss margin meaningfully

Stack Overflow continued to grow Revenue GoodHabitz shows healthy Revenue growth
and reduced losses by 70% and advances towards breakeven

Revenue (US$’m) Revenue (US$’m)

4%
YoY1
20%
YoY1

45 49 47 51
18 22 24 26

H1 H2 H1 H2 H1 H2 H1 H2
FY23 FY23 FY24 FY24 FY23 FY23 FY24 FY24

Trading profit (US$’m) Trading profit (US$’m)

(13) (11)
(5) (5) (3)
(42) (42) (44)
70%
Reduction in
2H vs 1H

H1 H2 H1 H2 H1 H2 H1 H2
FY23 FY23 FY24 FY24 FY23 FY23 FY24 FY24

1 Represents revenue growth FY24 versus FY23, in local currency excluding M&A.
26
eMAG Romania accelerated growth & profitability in 2H

Consolidated Etail Romania delivered profitable growth - other businesses will follow2

(US$’m)
8%
YoY
Romania accelerates growth Challenges in other regions2 New Initiatives2
Revenue1 (US$’m)

13% 26%
YoY -17% YoY
YoY
2 244 2 249 2 206
1 928 1 361
1 360 1 166
446 392 453
316

FY20 FY21 FY22 FY23 FY24 FY23 FY24 FY23 FY24 FY23 FY24
Trading profit/(loss) (US$’m)

1pp New initiatives & segmental costs

YoY Margin 40
improvement 27
68
(35) (35) (26) (25) (62) (50)
(20) (61)

FY23 FY24 FY23 FY24 FY23 FY24

FY20 FY21 FY22 FY23 FY24 Margin 2% 3% -6% -6% -20% -11%

1 Growth in local currency excluding M&A.

2 Other regions include mainly Hungary, Bulgaria. New initiatives include mainly Tazz, Freshful and Sameday.
27
Core HE nearly doubles driven by improved profitability

Improved Core HE driven by profitability of both consolidated and associate Ecommerce investments

Incremental Core HE1 from continuing operations, YoY (US$’m)

84%

371

580

1 061

5 003
278 4632

2 713 2713

FY23 Reduced loss from Increased contribution Reduced loss from other Other, predominantly FY24
consolidated businesses from Tencent associates interest received

The share buyback amplifies core earnings to 96% growth on a per share basis

1 Core Headline Earnings is regarded by management as an appropriate indicator of the operating performance of the Group, as it adjusts for non-operational items.

28
Enhanced profitability generates positive Free Cash Flow

Free cash flow reflects improved profitability across our portfolio and increased dividends from Tencent

Incremental FCF from continuing operations, YoY (US$’m)1

$773m
Improvement
YoY

(40)
187

131
524

495

(249)

FY23 Cash from operations Capex Tencent & other dividends Tax FY24

1 FCF (Free cash flow) is defined as EBITDA less adjustments for non-cash items, working capital (excluding merchant cash), taxation, capital expenditure, capital leases repaid and investment income. To report a more sustainable and relevant
indicator of our FCF generation, from FY24 we excluded specific merchant cash-related working capital. Prior period numbers have been adjusted to reflect this change.
29
Strong & liquid balance sheet with increased cash dividends

We will manage our balance sheet to an Investment Grade rating Increasing dividends to HoldCo

Net debt1 of US$0.6bn (US$’m)

at 31 March 2024 (US$’bn) Investment Grade 32%
BBB (S&P) / Baa3 (Moody’s) 22% increase in
dividend already
received from
Tencent in FY25
924
12.3% LTV
Based on gross debt2 165
755
60

14.6 15.2 3.3X 130 Other

Interest cover3
Classifieds
1 001

Tencent
4.5X 759
dividend
3-year debt maturity & interest 565
service cover
HoldCo Cash HoldCo Debt

3.1%
Average cost of debt
FY23 FY24 FY25

1 Cash includes short-term cash investments, debt includes all interest-bearing debt and excludes all finance leases.
2 Internal calculation for LTV (Loan to Value): Gross debt / (Gross cash + listed assets + 50% unlisted assets) at 31 March 2024. Rating agencies use Net debt / cash for their calculations –Net LTV is 0.6%.
3 Calculations for interest cover: (Dividends from investments and cash to HoldCo + interest received – HoldCo operating costs) / HoldCo interest for the year ended 31 March 2024.
30
Our ambition is to continue driving growth and margin expansion

Value creation through growth

Value creation through cost-cutting and efficiency gains is inferior to value creation through growth, so investing in growth is critical

Dedicated to enhancing further profitability and cash flow generation

Our businesses are performing well, and their ongoing success will underscore our ability to highlight their value

Capital allocation will remain focused and disciplined

Taking calculated risks to drive growth but investing only where a clear path to profitability can be seen

Enhanced Portfolio Management

A focused approach, to operating and owning the best companies that are defining the technology landscape

Committed to managing our balance sheet within its investment-grade rating

Debt capital is important to us and we are actively working to diversify our company’s cash profile as segments become profitable

31
Looking forward
Fabricio Bloisi
 1 Renewing a culture of innovation and entrepreneurship
I am committed
to creating value
Making the Prosus ecosystem our competitive advantage:
through … 2 Management Model, Artificial Intelligence, Innovation,
Best practice sharing, Cross-selling, Speed & Agility

3 Accelerating our profitable growth

4 Highlighting the value created in the portfolio

Maintaining the share repurchase program while

5 remaining committed to Tencent

33
Appendix
 1. FY24 Group Results

2. Results of Associates and JV’s

3. Debt metrics

Appendix 4. Sustainability progress

5. Group Portfolio and Glossary

 1. FY24 Group Results 2. Results of Associates and JV’s 3. Debt metrics 4. Sustainability progress 5. Group portfolio and Glossary

Continued healthy Ecommerce growth …

Ecommerce revenue from continuing operations (US$’bn)

Total Ecommerce Economic Interest Consolidated Revenue Associate and JV Revenue

Economic Interest Basis1 Majority Owned Consolidated2 Businesses Minority Owned Investee Companies
17%
YoY

10.3

9.1 27%
growth excl. Etail
19%
Revenue H1 and H2

YoY 13%
2H
YoY
2H 5.5
4.9
5.5
4.9 4.8
4.2
2H
2H 2H
3.0 2H
2.6 2.5
1H 2.3
1H
4.8
4.2 1H 1H 1H
1H
2.3 2.5 2.3
1.9

FY23 FY24 FY23 FY24 FY23 FY24

1Results from continuing operations reported on an economic-interest basis, i.e. equity-accounted investments are proportionately consolidated.
2Results from continuing consolidated owned and managed businesses.
YoY growth shown in local currency excluding M&A. 36
36
 1. FY24 Group Results 2. Results of Associates and JV’s 3. Debt metrics 4. Sustainability progress 5. Group portfolio and Glossary

… with a significant improvement in profitability

Ecommerce trading profit from continuing operations (US$’m)

Total Ecommerce Economic Interest Organic investment through P&L Associate & JV losses don’t impact cash

Economic Interest Basis1 Majority Owned Consolidated2 Businesses Minority Owned Investee Companies

FY23 FY24 FY23 FY24 FY23 FY24

2H (29)
38 2H (103)
Trading Profit / (Loss) H1 and H2

1H (246)
2H 74 2H (344)
2H (501) 1H (210)
2H (157) 1H (36)
(275)
(313)
1H (256)

(413) 1H (549)

1H (805)

(893)

(1,306)

1 Results from continuing operations reported on an economic-interest basis, i.e. equity-accounted investments are proportionately consolidated.
2 Results from continuing consolidated owned and managed businesses.
37
37
 1. FY24 Group Results 2. Results of Associates and JV’s 3. Debt metrics 4. Sustainability progress 5. Group portfolio and Glossary

Group Consolidated Results

Consolidated Segmental Results from continuing operations

Revenue Adjusted EBITDA Trading Profit / (Loss)

YoY FY24 FY24

US$’m FY23 FY24 FY23 FY24 FY23 FY24
% Growth1 Margin Margin
Ecommerce 4 947 5 467 19% (314) 136 2% (413) 38 1%

- Food Delivery 1 371 1 2222 22%2 (94) 77 6% (106) 67 5%

- Classifieds 519 707 27% 73 187 26% 56 172 24%

- Payments & Fintech 903 1 106 38% (77) (23) (2%) (83) (31) (3%)

- Edtech 134 148 9% (122) (91) (61%) (131) (98) (66%)

- Etail 1 928 2 206 8% (9) 21 1% (61) (35) (2%)

- Other 92 78 15% (85) (35) (45%) (88) (37) (47%)

Corporate - - (166) (149) (173) (156)

Consolidated Results 4 947 5 467 19% (480) (13) 0% (586) (118) (2%)

Consolidated results: Include the results of subsidiaries, where the Group has a majority stake
1 YoY growth shown in local currency excluding M&A.
2 In FY24, we modified our revenue recognition approach from a principal to an agency basis and began incorporating delivery subsidies into our revenue calculations. This adjustment resulted in a reduction of revenues by $469m on a like-for-
like basis when compared to FY23. YoY % growth is in local currency excluding M&A and an adjustment related to this change.

38
 1. FY24 Group Results 2. Results of Associates and JV’s 3. Debt metrics 4. Sustainability progress 5. Group portfolio and Glossary

Proportionate Results from Associates and Joint Ventures

Associates and Joint Venture Proportionate Results1

Revenue Adjusted EBITDA Trading Profit / (Loss)

YoY % FY24 FY24

US$’m FY23 FY24 FY23 FY24 FY23 FY24
Growth2 Margin Margin
Ecommerce 4 177 4 882 13% (768) (165) (3%) (893) (313) (6%)

- Food Delivery 2 832 3 642 17% (451) (112) (3%) (543) (225) (6%)

- Classifieds 236 244 3% 1 24 10% (9) 15 6%

- Payments & Fintech 149 199 45% (31) (26) (13%) (33) (28) (14%)

- Edtech 411 296 6% (117) 23 8% (127) 18 6%

- Etail 25 23 0% (1) - 0% (2) (1) (4%)

- Other 524 478 (8%) (169) (74) (15%) (179) (92) (19%)

Social Networks and Internet 22 269 21 395 10% 6 295 7 200 34% 5 085 6 229 29%

- Tencent 22 269 21 395 10% 6 295 7 200 34% 5 085 6 229 29%
Total Associates and JV
26 446 26 277 10% 5 527 7 035 27% 4 192 5 916 23%
contribution

Associates losses are prefunded and have no impact on Free Cash Flow

1 Results from equity-accounted investments (Associates and JV’s), where we have proportionally included our share of their revenues, EBITDA and trading profit.
2 YoY growth shown in local currency excluding M&A.
39
 1. FY24 Group Results 2. Results of Associates and JV’s 3. Debt metrics 4. Sustainability progress 5. Group portfolio and Glossary

Group Economic Interest Results

Economic Interest Results from continuing operations1

Revenue Adjusted EBITDA Trading Profit / (Loss)

YoY % FY24 FY24

US$’m FY23 FY24 FY23 FY24 FY23 FY24
Growth2 Margin Margin
Ecommerce 9 124 10 349 17% (1 082) (29) 0% (1 306) (275) (3%)

- Food Delivery 4 203 4 864 19% (545) (35) (1%) (649) (158) (3%)

- Classifieds 755 951 19% 74 211 22% 47 187 20%

- Payments & Fintech 1 052 1 305 39% (108) (49) (4%) (116) (59) (5%)

- Edtech 545 444 7% (239) (68) (15%) (258) (80) (18%)

- Etail 1 953 2 229 8% (10) 21 1% (63) (36) (2%)

- Other 616 556 (6%) (254) (109) (20%) (267) (129) (23%)

Social Networks and Internet 22 269 21 395 10% 6 295 7 200 34% 5 085 6 229 29%

- Tencent 22 269 21 395 10% 6 295 7 200 34% 5 085 6 229 29%

Corporate - - (166) (149) (173) (156)

Economic interest 31 393 31 744 12% 5 047 7 022 22% 3 606 5 798 18%

Less: Equity-accounted investments (26 446) (26 277) (5 527) (7 035) (4 192) (5 916)

Total consolidated 4 947 5 467 19% (480) (13) 0% (586) (118) (2%)

1 Economic interest includes a proportionate share of the results of associated companies and joint ventures in the reportable segments
2 YoY growth shown in local currency excluding M&A.
40
 1. FY24 Group Results 2. Results of Associates and JV’s 3. Debt metrics 4. Sustainability progress 5. Group portfolio and Glossary

Food and Classifieds minority investments

Food Delivery Associates & Joint Ventures1,2 Classifieds Associates & Joint Ventures1 2

(US$’m) (US$’m)
17%
YoY FY23 FY23
3%
FY24 YoY FY24

3 642
2 832 236 244

15

(225)
(543) (9)

Revenue Trading Loss Revenue Trading Loss

1 Results of equity-accounted investments are proportionately consolidated. YoY growth shown in local currency, excluding M&A.
2 We discontinued equity accounting Oda from December 2022, and recognise the investment as FV Investments through OCI.
Note: The illustrated logos may not represent the full list of investments within respective portfolios.
41
 1. FY24 Group Results 2. Results of Associates and JV’s 3. Debt metrics 4. Sustainability progress 5. Group portfolio and Glossary

Payments and Fintech and Edtech minority investments

Payments and Fintech Associates & Joint Ventures1 Edtech Associates & Joint Ventures1,2 2

(US$’m) (US$’m)

45% FY23 6%2 FY23

YoY YoY
FY24 FY24

411
199 296

149
18

(127)

(33) (28)

Revenue Trading Loss Revenue Trading Loss

1 Results of equity-accounted investments are proportionately consolidated. YoY growth shown in local currency, excluding M&A.
2 FY23 includes BYJU’s and Udemy. We discontinued equity accounting BYJU’s and Udemy from September 2022.
Note: The illustrated logos may not represent the full list of investments within respective portfolios.
42
 1. FY24 Group Results 2. Results of Associates and JV’s 3. Debt metrics 4. Sustainability progress 5. Group portfolio and Glossary

Strong debt metrics with long-dated bond maturities

Debt metrics Bond maturity profile (US$’bn)

US$’m FY23 FY24 2 - 5 years 6 - 10 years Over 20 years

Cash remitted to/generated at Holdco level:

Tencent dividend 565 759

(3.3)
Classifieds portfolio 130 165 (3.7)
Other dividends 60 -
Interest income earned on central cash 412 817
Total inflows 1 167 1 741

(8.2)
Commitments:

Holdco – operating costs (20) (140)

Available for interest/dividends 1 147 1 601

Holdco interest cost (12 months) (490) (486)

Interest cover1 2.3 3.3

Gross Loan to value (LTV)2 9.6% 12.3%

Net Loan to value (LTV) 0.5% 0.6%

1 Interest cover calculated as cash available for interest and dividends / annual holdco interest costs.
2 Gross LTV = Gross debt/(market value of listed assets + 50% of market value of unlisted assets + Holdco cash) at 31 March.
43
 1. FY24 Group Results 2. Results of Associates and JV’s 3. Debt metrics 4. Sustainability progress 5. Group portfolio and Glossary

Significant progress on our sustainability journey

Portfolio companies highlights Benchmarking ESG performance

Delivery Hero:
Received SBTi verification for their climate targets

OLX:
Trade of 9m+ second-hand electronics and vehicles avoided 3m+ tonnes of GHG emissions A- B
Leadership

iFood:
Milestone 37m zero-emissions orders at the end of calendar year 2023 54
Included in DJSI 52
Europe Index
PayU:
Completed submission for the B-Corp certification
15.7 16.3
Low risk Low risk
Swiggy:
Eco-friendly options of batching deliveries and reusable bags made available to consumers
3.7 3.5
Takealot: Included in FTSE Responsible
Expanded their fleet of electric trucks Investment Index

eMAG: AA A
Over 400 thousand resealed products resold through a circular economy initiative

44
 1. FY24 Group Results 2. Results of Associates and JV’s 3. Debt metrics 4. Sustainability progress 5. Group portfolio and Glossary

Group portfolio companies

43% Local SA assets

100%

100%

Social & internet

Ecommerce
platforms

25%

Payments &
Classifieds Food Delivery Etail Edtech Ventures
Fintech

99%1 100% 97% 88% 100% 23%

38% 100% 100% 69% 13%

100% 29% 38% 14%

86% 33% 42% 15%

20% 13% 11%

8%

Organogram depicts the latest effective interest percentage in major entities at 31 March 2024.
1 OLX owns 50% of operations in Brazil.

Managed and controlled entities 45

 1. FY24 Group Results 2. Results of Associates and JV’s 3. Debt metrics 4. Sustainability progress 5. Group portfolio and Glossary

Glossary
Consolidated Results: Results of subsidiaries only, companies which the Group controls.

Economic Interest: A non-IFRS measure representing the consolidated earnings plus the Group’s proportionate share of the associates and joint ventures
revenue and trading profit.

Free cash flow: Earnings before interest, tax and depreciation and amortization less adjustments for non-cash items, specific non-operational working
capital, taxation, capital expenditure, capital leases repaid and investment income.

Core HEPS: Core Headline Earnings is a non-IFRS measure and represent headline earnings for the period excluding certain non-operating items
and is an appropriate indicator of the operating performance of the Group.

TP Trading profit represents operating profit/loss adjusted for non-operating items such as business combination expenses, gains and
losses from other assets and remeasurements of cash settled share-based compensation liabilities.

SBTi Science Based Target initiative

Peers Groups

Food delivery: Deliveroo, Delivery Hero, DoorDash, Just Eat Takeaway, Meituan, Zomato

Classifieds: Adevinta, Auto Trader, Hemnet, REA Group, Rightmove, Scout 24

Payments & Fintech: Adyen, Affirm, Block, Dlocal, Global Payments, Nuvei, PayPal, Worldline

Edtech: Chegg, China Yuhua, Coursera, Kahoot!, Niit, Pearson, Skillsoft, Udemy, 2U

Etail: Alibaba, Allegro, Asos, Boohoo, Etsy, Farfetch, JD.com, Mercadolibre, Vipshop, Zalando

46
 For further information:

Visit our website:

www.prosus.com or www.naspers.com

Email:
InvestorRelations@prosus.com

47