Q4 2022 Earnings Report
FY 2022 Results
Incentives
FY 2022
FY 2021
$ In millions
Deliveries
Base
Incentives (¹)
Excess
Incentives(2)
64.5
533.6
Consumer
Incentives(3)
840.5
Total
Incentives
1,438.7
Base
Incentives (1)
Excess
Incentives(2)
Consumer
Incentives(3)
Total
Incentives
89.0
513.4
800.1
1,402.5
Mobility
153.8
48.4
114.5
316.6
65.9
47.8
82.5
196.2
Financial Services
0.4
0.0
88.4
88.9
0.4
0.2
79.6
80.2
Enterprise & New Initiatives.
0.0
0.0
126.0
126.1
0.0
0.0
102.5
102.6
Total
218.7
582.1
1,169.4
1,970.3
155.4
561.4
1,064.8
1,781.6
FY 2022
FY 2021
Base
As a % of GMV(4)
Incentives (1)
Excess
Incentives(2)
Consumer
Incentives(3)
Total
Incentives
Base
Incentives(¹)
Excess
Incentives(2)
Consumer
Incentives(3)
Deliveries
0.7%
5.4%
8.6%
14.6%
1.0%
6.0%
9.4%
Total
Incentives
16.4%
Mobility
3.7%
1.2%
2.8%
7.7%
2.4%
1.7%
3.0%
7.0%
Financial Services
0.0%
0.0%
1.5%
1.5%
0.0%
0.0%
1.7%
1.7%
Enterprise & New Initiatives
0.0%
0.0%
63.6%
63.6%
0.0%
0.0%
67.1%
67.1%
Total
1.1%
2.9%
5.9%
9.9%
1.0%
3.5%
6.6%
11.1%
Note: FY 2022 is based on unaudited numbers. 1. Base incentives refer to the amount of incentives paid to driver and merchant-partners up to the amount of commissions and fees earned by Grab from those driver- and merchant-partners. 2. Excess incentives refer to payments made to driver-
and merchant-partners that exceed the amount of commissions and fees earned by Grab from those driver- and merchant-partners. 3. Consumer incentives refer to discounts and promotions offered to consumers. 4. Calculated as a percentage of segment GMV (for Deliveries, Mobility,
Financial Services and Enterprise & New Initiatives) and Group GMV (for Total). GMV means gross merchandise value, an operating metric representing the sum of the total dollar value of transactions from Grab's services, including any applicable taxes, tips, tolls and fees, over the period of
measurement.
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