阿里巴巴-2020财年第一季度阿里巴巴财报PPT（英文）-2019.8.15-13页_2mb

June Quarter 2019 Results Summary

Core Content Overview

This document provides an overview of Alibaba Group's financial performance for the June quarter of 2019, highlighting key revenue growth, cost trends, segment performance, and non-GAAP financial measures. It also includes forward-looking statements and a reconciliation of non-GAAP to GAAP measures.

Financial Highlights

Total Revenue

• Total Revenue Growth: 42% YoY (Year-over-Year)
• Core Commerce Revenue Growth: 44% YoY
• Cloud Computing Revenue Growth: 66% YoY

Revenue Breakdown (RMB MM)

Adjusted EBITA by Segment

• Core Commerce Adjusted EBITA Margin: 41%
• Marketplace-based Core Commerce Adjusted EBITA: Increased 27% YoY to RMB46,800 million (US$6,817 million)
• Cloud Computing: Revenue increased 66% YoY, but Adjusted EBITA was a loss of RMB358 million (US$52 million)
• Digital Media & Entertainment: Revenue increased 6% YoY, but Adjusted EBITA was a loss of RMB2,233 million (US$325 million)
• Innovation Initiatives & Others: Revenue increased 21% YoY, but Adjusted EBITA was a loss of RMB1,965 million (US$286 million)

Profitability and Cash Flow

• Non-GAAP Free Cash Flow: US$3.8 billion (RMB26,361 million), up 21% YoY
• Cash, Cash Equivalents, and Short-Term Investments: RMB212,189 million (US$30,909 million) as of June 30, 2019
• Operating Cash Flow: RMB34,612 million (US$5,042 million), a 4% decrease YoY due to royalty fees and a lawsuit settlement
• Investment Activities: Net cash used in investments and acquisitions offset some of the cash flow growth

Key Financial Metrics

• Other Income, Net: RMB2,101 million (US$306 million)
• Royalty Fees and Software Technology Service Fees (Ant Financial): RMB1,627 million (US$237 million)
• Share of Results of Equity Investees: Profit of RMB517 million (US$75 million)
• Non-GAAP Net Income: RMB30,949 million (US$4,508 million), up significantly YoY

Non-GAAP Financial Measures Reconciliation

Notes:

• Adjusted EBITA and EBITDA are non-GAAP measures.
• Adjusted EBITA includes share-based compensation and amortization of intangible assets.
• Non-GAAP Free Cash Flow is calculated by subtracting capital expenditures and intangible asset purchases from operating cash flow.

Key Information and Main Points

• Revenue Growth: Strong growth in core commerce and cloud computing segments.
• Core Commerce Dominance: Core commerce accounted for 87% of total revenue, with a 44% YoY increase.
• Cloud Computing: Experienced the highest YoY growth (66%), but operated at a loss in Adjusted EBITA.
• Innovation and Expansion: Investment in innovation initiatives and other areas contributed to revenue growth but also increased Adjusted EBITA losses.
• Non-GAAP Free Cash Flow: Healthy growth of 21% YoY, reflecting strong operational performance.
• Segment Performance: Marketplace-based core commerce had the highest Adjusted EBITA, while digital media and innovation segments were in loss.

Forward-Looking Statements and Risks

• The document contains forward-looking statements about revenue growth, business strategies, and future performance.
• Risks include:
  • Fluctuations in economic conditions
  • Sustained investments in strategic areas
  • Competition and maintaining the network effect
  • Maintaining the trusted status of the digital economy
  • Strategic acquisitions and operational challenges

Summary of Key Figures

• Total Revenue: RMB114,924 million (US$16,741 million), up 42% YoY
• Adjusted EBITA: RMB34,556 million (US$5,034 million)
• Non-GAAP Free Cash Flow: RMB26,361 million (US$3,840 million), up 21% YoY
• Cloud Computing Revenue: RMB7,787 million (US$1,134 million), up 66% YoY
• Core Commerce Revenue: RMB99,544 million (US$14,500 million), up 44% YoY
• Marketplace-based Core Commerce Adjusted EBITA: RMB46,800 million (US$6,817 million), up 27% YoY

Conclusion

The June quarter 2019 results show strong revenue growth across Alibaba Group, driven by core commerce and cloud computing. Despite some segments operating at a loss in Adjusted EBITA, the company's non-GAAP free cash flow remained robust, indicating good operational efficiency. The document emphasizes the importance of strategic investments in innovation and expansion, which are expected to support long-term growth.