Grab Holdings Limited's (GRAB) Q1 2022 Earnings Call Transcript

For the period ending March 31, 2022

May 19, 2022 8:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Ladies and gentlemen, thank you for joining us today. My name is Michelle, and I will be your conference operator for this session. Welcome to Grab’s First Quarter 2022 Earnings Presentation. After the speakers’ remarks, there will be a question-and-answer session.

I will now turn it over to Vivian Tong to start the call.

Vivian Tong

Good day, everyone, and welcome to Grab’s first quarter 2022 earnings presentation. I’m Vivian Tong, Head of U.S. Investor Relations at Grab and joining me today are Anthony Tan, Chief Executive Officer; Ming Maa, President; Peter Oey, Chief Financial Officer; Ming Maa, President; and Alex Hungate, Chief Operating Officer.

During the call today Anthony will discuss our key business updates and Peter will share details of our first quarter 2022 financial results. Following prepared remarks, we'll open up the call to questions, were Anthony, Peter, Ming, and Alex will provide responses for the Q&A.

As a reminder before we begin, today's discussion contains forward-looking statements about the company's future business and financial performance. These comments are based on our prediction and expectations as of today. Actual events and results could differ materially due to a number of risks and uncertainties, including those mentioned in our form S-1 registration statement and other filings with the SEC.

The discussion today also contains operating metrics and non-IFRS financial measures. The comparable IFRS financial measures are included in this quarter’s earnings material. For more information and additional disclosures on recent business performance, please refer to our earnings press release and supplemental presentation for a detailed first quarter 2022 financial review, which can be found on our IR website. Should you have any questions after this presentation, please reach out to investor.relations@grab.com.

And with that, I will turn the call over to Anthony to deliver his opening remarks.

Anthony Tan

Thank you, everyone, for joining us today. I’m pleased to report a strong set of results in the first quarter. We outperformed our GMV and TPV guidance for deliveries, mobility, and financial services segments, while improving our group level and delivery segment margins at the same time.

Our results are a testament to the resiliency of Southeast Asia’s economy. The regions governments have been more cautious in lifting COVID restrictions compared to other parts of the world, but in March to our shift in some countries to oppose pandemic footing where travel restrictions and capacity limits ease significantly.