Deep Dive: Grab’s investor presentation

Last month, Grab announced its plans to go public in the US via a merger with Altimeter Capital, a special purpose acquisition company.

Shortly after, Grab unveiled an investor presentation that revealed previously closely guarded financial details.

Grab co-founder and CEO Anthony Tan / Photo montage by Tech in Asia

On this episode of Deep Dive, Tech in Asia industry analyst Simon Huang dives into the deck, parsing through what it says – and doesn’t say – and what it may indicate for the future of the Southeast Asian super app.

Timecodes:

00:00 – Intro music
00:38 – Today’s topic: Grab’s investor presentation
01:20 – What is Grab?
02:33 – The factors that led Grab to do an initial public offering
04:40 – A first look under the hood of Grab’s business
06:13 – How the industry reacted to the presentation’s release
08:26 – What’s a SPAC?
11:38 – Delving into the deck: three interesting observations
12:22 – Doubling down on delivery
13:08 – Financial services taking a back seat
14:43 – Negative EBITDA figures
17:17 – What the deck didn’t say
18:24 – Who Grab considers its industry peers
20:10 – Grab co-founder and CEO Anthony Tan’s outsized voting rights
22:22 – The wild card: Grab’s digital bank

Download the full transcript here.

Featured reporter:

• Simon Huang, Tech in Asia’s industry analyst based in Singapore

Essential reading:

• 6 surprises from the reveal of Grab’s jealously guarded financials
• Retrace the forgotten history of Grab with this timeline
• Grab used this deck to reveal its financials to investors
• Visualizing the size of Grab
• Visual: Tracking Grab’s journey to a $40 billion valuation
• Breaking down Grab’s $40b valuation
• The superpower behind Grab’s super app?
• For more stories on Grab, click here

Episode sponsor:

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