Sign in

    Venugopal Garre • Sanford C. Bernstein & Co., LLC

    Venugopal Garre's questions to Grab Holdings Ltd (GRAB) leadership

    Venugopal Garre's questions to Grab Holdings Ltd (GRAB) leadership • Q1 2025

    Question

    Venugopal Garre asked for Grab's perspective on industry consolidation in the ASEAN delivery segment, its business performance in Indonesia relative to its closest competitor, and its appetite for inorganic M&A amidst potential macro risks.

    Answer

    CFO Peter Oey stated that while consolidation is hard to predict, Grab remains focused on organic growth through affordability and wider selection. President and COO Alex Hungate confirmed that Grab outgrew its closest competitor in Indonesia for the second consecutive quarter while also improving profitability there. Regarding M&A, Hungate noted a high bar for deals but highlighted recent successful bolt-on acquisitions like Chope (reservations), Everrise (grocery), and Validus (SME financing) as examples of their strategy to opportunistically add value and capabilities.

    Ask Fintool Equity Research AI

    Venugopal Garre's questions to Grab Holdings Ltd (GRAB) leadership • Q4 2024

    Question

    Venugopal Garre asked about Grab's guidance philosophy, noting its track record of conservative starts, and questioned its medium-to-long-term capital allocation priorities between autonomous vehicles, M&A, and Digibank expansion.

    Answer

    CFO Peter Oey confirmed the company's 'beat and raise' guidance philosophy, stating they bake in potential uncertainties like holiday seasonality at the start of the year. CEO Anthony Tan and President & COO Alex Hungate emphasized strong organic growth potential in the core business, a proactive stance on a hybrid AV-human fleet future, and a focus on Indonesia. Peter Oey reiterated a consistent capital allocation framework: prioritizing organic growth first, maintaining a high bar for M&A, and returning excess capital to shareholders.

    Ask Fintool Equity Research AI