Integrated annual report 2019

Creating

value...

by improving

lives...

We achieved a landmark in our transformation - completing our evolution into a global consumer internet company…

Explore our year

Our year in review

Who we are

Founded in 1915, we are a global consumer internet group and one of the largest and most successful technology investors in the world.

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How we've performed

Group

Alongside our transformation, and indeed helping to fuel it, we delivered another strong year of growth.

Notes

  • (1) On an economic-interest basis. Growth in local currency, excluding acquisitions and disposals.
  • (2) Excludes the video-entertainment segment.

REVENUE

us$19.0bn

up 29%(1)

TRADING PROFIT

us$3.3bn

up 22%(1)

EMPLOYEES (2)

20 196

Classifieds

Our footprint spreads across 38 countries. Our companies OLX, Avito and letgo were ranked the number 1 mobile classifieds app in more than 22 countries.

Note

  • (1) Results reported on an economic-interest basis.

REVENUE

us$875m

up 39% (1)

TRADING PROFIT

us$2m

up >100% (1)

EMPLOYEES

5 614

Payments and Fintech

PayU is one of the largest online payment service platforms in the world, with operations in 18 markets across Africa and the Middle East, Central and Eastern Europe, India and Latin America. Included in this segment are the group’s fintech and credit associates Remitly, PaySense and ZestMoney.

Note

  • (1) Results reported on an economic-interest basis.

REVENUE

us$360m

up 22% (1)

TRADING LOSS

us$43m

up 33% (1)

EMPLOYEES

1 449

Food Delivery

This portfolio consists of food-delivery businesses that lead in 36 markets globally, including iFood, Delivery Hero and Swiggy.

Note

  • (1) Results reported on an economic-interest basis.

REVENUE

us$377m

up >100% (1)

TRADING LOSS

us$171m

down >100% (1)

Etail

This comprises our etail subsidiaries, eMAG and Takealot, and, until its disposal, our associate Flipkart. Operations are spread across Central and Eastern Europe and South Africa.

Note

  • (1) Results reported on an economic-interest basis.

REVENUE

us$1 847m

down 10% (1)

TRADING LOSS

us$150m

up 44% (1)

EMPLOYEES

6 259

Travel (2)

MakeMyTrip, listed on the NASDAQ, is a leading Indian online travel company. It provides online travel services, including flight tickets, domestic and international holiday packages, hotel reservations, and bus tickets.

Notes

  • (1) Results reported on an economic-interest basis.
  • (2) In April 2019, we announced that, subject to customary closing conditions, including obtaining the requisite regulatory approvals, we will exchange our 43% effective interest in MakeMyTrip for an approximate 6% effective interest in Ctrip. This transaction is expected to close in the second half of 2019

REVENUE

us$234m

up 11% (1)

TRADING LOSS

us$37m

up 39% (1)

Ventures

Naspers Ventures partners with entrepreneurs to build leading technology companies, with the ambition to fuel the next wave of growth for Naspers.

Note

  • (1) Results reported on an economic-interest basis.

REVENUE

us$241m

up 8% (1)

TRADING LOSS

us$214m

down 23% (1)

EMPLOYEES

2 802

Social and internet platforms

We also hold investments in listed internet companies: Tencent (31.1%), China’s largest and most-used internet-services platform, and Mail.ru Group (28.0%) is the leading internet company in Russian-speaking markets.

Media

Media24 is Africa’s leading media group with interests in digital media and services, newspapers, magazines, ecommerce, book publishing, print and distribution. It publishes some 30 magazines and 80 newspapers and reaches more than 16 million average daily unique browsers across its digital platforms.

Note

  • (1) Results reported on an economic-interest basis.

REVENUE

us$326m

down 36% (1)

TRADING LOSS

us$14m

down > 100% (1)

EMPLOYEES

3 579

Throughout its long history, Naspers has kept changing. Change is a core characteristic of our entrepreneurial spirit and critical to our ongoing growth.

Koos Bekker: Chair

Download chair's statement

PDF 191KB

Koos Bekker
Bob van Dijk

This was a standout year for Naspers – a period of continued strong growth and performance across our businesses and a year of great transformation as we achieved our aim to become a 100% global consumer internet company.

Bob van Dijk: Chief executive

Download chief executive's review

PDF 169KB

Creating value for our stakeholders

We pursue growth by leading companies that empower people and enrich communities

View our business model
naspers business model diagram

Underpinned by our active capital allocation and strategy

We ensure we optimise our portfolio for growth and competitiveness

We are on an
exciting
journey

A journey to back entrepreneurs with differential ideas and businesses that change the world for the better – improving the lives of billions of people from Cape Town to Kolkata, São Paulo to Saint Petersburg, and beyond.

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