Grab Holdings Limited (GRAB) Q2 2022 Earnings Call Transcript

For the period ending June 30, 2022

August 25, 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 Catherine, and I will be your conference operator for this session. Welcome to Grab's Second 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 second 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; Peter Oey, Chief Financial Officer and Alex Hungate, Chief Operating Officer.

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

As a reminder, today's discussion contains forward-looking statements about the company's future business and financial performance. These comments are based on our beliefs and expectations as of today. Actual events and results could differ materially due to a number of risks and uncertainties, including those macroeconomic, industries business, regulatory and other risks, which are described in our Form F-1 registration statement and other filings with the SEC. We do not undertake any obligation to update any forward-looking statements.

The discussion today also contains non-IFRS financial measures, which should be considered together with rather than as substitutes for IFRS financial measures. A reconciliation of non-IFRS to IFRS financial measures is included in this quarter's earnings materials. For more information and additional disclosures on recent business performance, please refer to our earnings press release and supplemental presentation for a detailed second 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 report strong second quarter results underpinned by robust rebounding our mobility segment and increased focus on cost management and a reduction of our incentive spend. For the second half, we're focused on accelerating our path to possibility. This means we will focus on increasing high quality GMV transactions on our platform, so that over time, it'll continue to lead to higher revenue, better margins and an improved profitability profile for all of our segments. We'll do this by continuing to innovate our products to increase engagement on our platform and reduce our cost to serve.