Delivery Hero has expanded rapidly in the last two years, raising over $100 million to build a global network of online food delivery with over 30,000 participating restaurants worldwide. The online food delivery market is growing quickly as customers switch to ordering takeout online rather than by phone, representing an opportunity for Delivery Hero to continue expanding its platform. Delivery Hero's status shows steady growth in the number of restaurants and customers using its service each month.

1. BETTER FOOD TO THE PEOPLE!
NOAH Conference - November 6, 2012
Delivery Hero
Fabian Siegel, co-CEO
Delivery Hero Holding GmbH confidential. – This document is strictly confidential and may not be copied, used, made available or be disclosed to third parties without our prior written permission

2. Largest Global Network of Menus Online in 2 years
In the last 24 months:
‘Build / bought presence in 12 markets’
‘Raised more than $100M’
‘Build largest global network of menus online with > 30,000
participating restaurants’
More than 450 Heroes worldwide
2 Delivery Hero Holding GmbH confidential. – This document is strictly confidential and may not be copied, used, made available or be disclosed to third parties without our prior written permission

3. Market Opportunity
Take-away revenue in Delivery Hero markets:
2011
“[…] All of these
industries have gone
Total: 20B €* (75B € global)
to 100% online. Online: 1B €
Restaurant Delivery
1000% GROWTH
is starting to
move, and we see no
reason why it won’t
follow the same 100% per year due to channel switch
pattern […]”
2015
Bill
Gurley, Benchmark,
Nov 2010 Est. Online: >10B €
Channel switch well underway –
HIGH GROWTH RATES IN THE YEARS TO COME
* 2010 Proprietary Research
3 Delivery Hero Holding GmbH confidential. – This document is strictly confidential and may not be copied, used, made available or be disclosed to third parties without our prior written permission

4. Online Food Ordering is Convenient
Delivery Hero enables you to order take-out food online wherever you are
Online payment
5 minutes
- or -
1. Enter ZIP / Address
2. Select amongst all that deliver 3. Just click – no hassle
to you, ranked by quality talking on the phone.
Cash payment at door
30 – 60 minutes
4. Delivery Hero submits 4. Local restaurant cooks
order and delivers the food
4 Delivery Hero Holding GmbH confidential. – This document is strictly confidential and may not be copied, used, made available or be disclosed to third parties without our prior written permission

5. Key Success Factors
Hero Culture
Scalable Processes
Specific Plan & Methodology
Product & Tech Platform
+ +
5 Delivery Hero Holding GmbH confidential. – This document is strictly confidential and may not be copied, used, made available or be disclosed to third parties without our prior written permission

6. Delivery Hero Status
Opportunity: Global category leader
 Company has raised $100M
 Build a team of 450 heroes world wide
 The only product that is on all mobile platforms & major tablets
 Three other global player at scale - only one direct competitor with global
ambitions
 Largest global network of menus online (> 30,000)
35'000 Million Meals Served via DH
Restaurants Online
30'155 32
30'000 27'983
26'886
25'000 23'961
21'818
20'352 0
20'000 Nov 2010 Nov 2011 Nov 2012
17'478
16'374
15'253
15'000 14'205
13'152
11'461 Million Customers World Wide
10'000 4
6'742
5'000
'0 0
Oct 11 Nov 11 Dec 11 Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12 Jul 12 Aug 12 Sep 12 Oct 12 Nov 2010 Nov 2011 Nov 2012
6 Delivery Hero Holding GmbH confidential. – This document is strictly confidential and may not be copied, used, made available or be disclosed to third parties without our prior written permission

7. Outlook
WE LOVE
the Outlook for 2013:
 Clear value proposition to consumers and restaurants
 Fast growing in a huge market
 Confidence in our tech platform & innovation to come
 Reaching profitability in our core markets
 High margins in mature markets
7 Delivery Hero Holding GmbH confidential. – This document is strictly confidential and may not be copied, used, made available or be disclosed to third parties without our prior written permission