Company Presentation May 2019 0 Disclaimer The following - PowerPoint PPT Presentation

Company Presentation May 2019 0

Disclaimer The following presentation has been prepared by 58.com Inc. (the “Company”) solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any investment activity or trading strategy, nor may it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. NOTHING HEREIN CONSTITUTES AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES OR INSTRUMENT IN ANY STATE OR JURISDICTION. The information included herein was obtained from various sources, including certain third parties, and has not been independently verified. The information presented or contained in these materials is subject to change without notice. No representation or warranty, express or implied, is made and no reliance should be placed on the truth, accuracy, fairness, completeness or reasonableness of the information or sources presented or contained in these materials. By viewing or accessing these materials, the recipient hereby acknowledges and agrees that neither the Company nor any of its directors, officers, employees, affiliates, agents, advisers or representatives accepts any responsibility for or makes any representation or warranty, express or implied, with respect to the truth, accuracy, fairness, completeness or reasonableness of the information contained in, and omissions from, these materials and that neither the Company nor any of its directors, officers, employees, affiliates, agents advisers or representatives accepts any liability whatsoever for any loss howsoever arising from any information presented or contained in these materials. These materials contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include descriptions regarding the intent, belief or current expectations of the Company or its officers about the future, which can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those in the forward-looking statements as a result of various factors and assumptions, many of which are beyond the Company’s control. Neither the Company nor any of its directors, officers, employees, affiliates, agents, advisors or representatives has any obligation to, nor do any of them undertake to, revise or update the forward-looking statements contained in this presentation to reflect future events or circumstances. This document also contains non-GAAP financial measures, the presentation of which is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America. In addition, the Company’s calculation of these non-GAAP financial measures may be different from the calculation used by other companies, and therefore comparability may be limited. The reconciliation of those measures to the most comparable GAAP measures is contained within this document or the earnings press release. This document speaks as of March 31, 2019, unless otherwise indicated. Neither the delivery of this document nor any further discussions of the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that 1 date.

Content 1 2 3 4 5 Business Market Sectors Financials Appendix Opportunity 2 Making life simple

Classifieds: a globally proven model (1) Axel Company Ebay Schibsted Adevinta Naspers Scout24 Recruit Zillow Springer Ticker SPR.DE EBAY SCHA.OL ADEB.OL NPN.JO G24.DE 6098.T Z 2,986 (HR Technology) Classifieds Revenues 1,350 1,022 325 647 628 592 1,281 (USD in MM) 6,589(Media & Solutions) Classifieds Latest 45%(HR Technology) Quarter Revenues YoY 9% 4.0% 11% 14% NA 21% 51% 7%(Media & Solutions) growth% (2) 15% Classifieds 45%-55% (3) 45% (4) 49% (5) 40% 25% 55% 19% EBITDA/Adj. EBITDA% 24% Market Cap 6,630 31,706 6,053 7,274 98,323 5,351 52,924 8,946 (USD in MM) mainly 3 (4) # of Countries ~20 >10 16 41 18 60 (HR Tech) US Stepstone Gumtree Finn Leboncoin OLX IS24 Indeed Zillow Seloger Kijiji Blocket Shpock Avito AS24 Rikunabi Trulia Key Brands Immowelt Mobile.de Infojobs Letgo Suumo Wallapop (1) Financial numbers represent fiscal year 2018 ending at December 31, 2018, except Naspers fiscal year 2018 ending at March 31,2018 and Recruit fiscal year 2018 ending at March 31,2019. Financials are converted to USD from non USD reporting currencies using middle rate announced by the State Administration of Foreign Exchange of the PRC on May 31,2019. Market capitalization data as per Yahoo Finance as of 05/31/2019. Foreign currencies converted using middle rate announced by the State Administration of Foreign Exchange of the PRC on May 31,2019. Non financial information from company filings and IR presentations (2) YoY growth% for Q1 quarter as of March 31 except Naspers not applicable and Recruit which represent Q4’18 as of March 31 2019 , (Source: C ompany’s filings and IR website/presentations) (3) Ebay EBITDA% around 45%-55% is according to Elliott letter from enhancingebay.com (4) Represent Schibsted Nordic Marketplace(Source: Schibsted IR website) 3 (5) Naspers classified EBIDTA % 49% is 14 monetization countries, excluding Letgo (Source: Naspers IR website) Making life simple

58: The largest classifieds in China Horizontal Classifieds Verticals ( consolidated ) Verticals ( deconsolidated ) (1) Anjuke Zhuan Zhuan 58 Home 58 Freight (Housing) (Used Goods) 58 Town Guazi Mao Dou ChinaHR Driving Training (C2C Used Car) (New Car) (White Collar Jobs) Ganji 1.9 billion USD 23% ~85% >500 million Mobile PV (4) 2018 Revenues (2) 2018 Non-Gaap Op Margin (3) App annual unique users (5) (1) We currently hold 68.8% of equity interests in 58 Home on an as-converted basis and 58 Home holds 57.1% in 58 Freight Inc..We also hold approximately 19.1% equity interests in Che Hao Duo, which contains Guazi and Mao Dou as of December 31, 2018. (2) RMB6.8632 to US$1.00, which was the U.S. dollars middle rate announced by the State Administration of Foreign Exchange of the People's Republic of China (PRC) on December 28, 2018 (3) Non-GAAP operating margin is defined as Non-GAAP income/(loss) from operations divided by revenues. Non-GAAP Operating income(loss) is defined as income(loss) from operations excluding share- based compensation expenses and amortization of intangible assets resulting from business acquisitions. See “Non -GAAP fina ncial measures” at the end of this presentation. (4) Average monthly page views on mobile applications and mobile browser-based pages as a percentage of total monthly page views in 2018. Page views refer to those of listing and landing pages. (5) The number of annual unique users is defined as the number of accesses by unique mobile device IDs to our mobile apps in 2018, which is calculated as the aggregate of the number of unique mobile device IDs that accessed each of our mobile apps in that period. 4 Making life simple

Classifieds: A one stop shop for local services Content Categories: Mobile Jobs Real Estate • Jobs • Real Estate • Used goods • Yellow pages and local services • Automotive Yellow pages Automotive 5

Monetization mainly from business users 3 More intelligent, relevant, personalized OMS powered by Big Data/AI Online Marketing Services (CPC, 2 CPM, CPT) • Real-time bidding Real-time Bidding • Priority listing 1 Membership (Business users) Priority • Validation/certification Listings • Online storefront • Listing benefits (above free listings, etc.) Members’ Listings • Dedicated customer service • Account management system/big data support Free Listings 6

Strong growth in past 5 years Founded in 2005 Core Classifieds: Core Classifieds: Core Classifieds: • User engagement and experience • 13pts YoY OM% improvement (1) improvement by innovation and Ganji Anjuke technology • Acquired Ganji & Anjuke New Business: • Expanded lower tier cities penetration • Continued core business efficiency New Business: Zhuan Zhuan 58 Town New Business: • Zhuan Zhuan raised US$200mm • Zhuan Zhuan: Start monetization from Tencent 58 Home Guazi • 58 Town continue expanding • Deconsolidated 58 Home • 58 Town launch • Guazi: New Financing & 58 sold • Guazi: Series B & B+ Financing and Guazi partial stake for US$713.6mm • 58 Home raised US$300mm (BABA, etc.) IPO 2013 2014 2015 2016 2017 2018 2019 Core Classifieds: Core Classifieds: Strategic Investment • Ganji and Anjuke integration • 6pts YoY OM% improvement (1) • 37pts YoY OM% improvement (1) New Business: New Business: • Zhuan Zhuan: WeChat wallet access (deconsolidated) • 58 Town ramp up • Continued growth and • 58 Freight: US$250mm Series B sustained leadership financing • Guazi: Series A & A+ Financing • Guazi: Series C & C+ Financing (1) Non-GAAP operating margin 7

Content 1 2 3 4 5 Business Sectors Financials Appendix Market Opportunity 8 Making life simple