#156 BIRD Investor Presentation November 2022 5 5#2Disclaimer Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. We based these forward-looking statements on our current expectations and projections about future events. All statements, other than statements of present or historical fact included in this presentation, regarding our future financial performance and our strategy, expected path to profitability, expansion plans, future operations, future operating results and financial condition, anticipated reduction in Bird's supply chain greenhouse gas impact, anticipated Adjusted Operating Expenses for full year 2022, anticipated Adjusted EBITDA for full year 2023, plans to exit certain markets and anticipated cost savings associated with such exits, future payments due under our credit facility, our plans to seek additional capital, losses, projected costs, prospects, plans, and objectives of our management are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "could," "would," "expect," "plan," "anticipate," "intend," "believe," "estimate," "continue," "project," or the negative of such terms or other similar expressions. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward- looking statements. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this presentation. We caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. Many factors could cause actual future events to differ materially from the forward-looking statements in this presentation, including, but not limited to: risks relating to the restatement of our consolidated financial statements; our recurring losses from operations, which raise substantial doubt regarding our ability to continue as a going concern, such that we may need to scale back, discontinue, or cease certain or all of our operations or seek bankruptcy protection; the potential impact of a material weakness in our internal control over financial reporting; the current macroeconomic environment, including as a result of the ongoing COVID-19 pandemic, labor and inflationary pressures, and rising interest rates, on our business, financial condition, and results of operations; our ability to cure our New York Stock Exchange ("NYSE") price deficiency and meet the continued listing requirements of the NYSE; risks to our relatively short operating history and our new and evolving business model, which makes it difficult to evaluate our future prospects, forecast financial results, and assess the risks and challenges we may face; to achieve or maintain profitability in the future; our ability to retain existing riders or add new riders; our Fleet Managers' ability to maintain vehicle quality or service levels; our ability to evaluate our business and prospects in the new and rapidly changing industry in which we operate; risks related to the impact of poor weather and seasonality on our business; our ability to obtain vehicles that meet our quality specifications in sufficient quantities on commercially reasonable terms; our ability to compete successfully in the highly competitive industries in which we operate; risks related to our substantial indebtedness; our ability to secure additional financing; risks related to the effective operation of mobile operating systems, networks and standards that we do not control; risks related to action by governmental authorities to restrict access to our products and services in their localities; risks related to claims, lawsuits, arbitration proceedings, government investigations and other proceedings to which we are regularly subject; risks related to compliance, market and other risks, including the ongoing conflict between Ukraine and Russia, in relation to any expansion by us into international markets; risks related to the impact of impairment of our long-lived assets; and other risks, uncertainties and factors discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K/A f for the year ended December 31, 2021, the Company's Quarterly Report on Form 10-Q for the three months ended September 30, 2022, and in the Company's subsequent filings with the SEC. The forward-looking statements in this presentation speak only as of the time made and the Company does not undertake to update or revise them to reflect future events or circumstances. Non-GAAP Financial Measures and Key Metrics This presentation contains "Ride Profit," "Ride Profit Margin," "Adjusted Operating Expenses," "Adjusted EBITDA," and "Free Cash Flow" which are measures that are not prepared and presented in accordance with generally accepted accounting principles in the United States ("GAAP"). The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. Ride Profit reflects the profit generated from rides in our Sharing business after accounting for direct ride expenses, which primarily consist of payments to Fleet Managers. Other ride costs include payment processing fees, network infrastructure, and city permit fees. We calculate Ride Profit (i) before vehicle depreciation to illustrate the cash return and (ii) after vehicle depreciation to illustrate the impact of the evolution of our vehicles. Ride Profit Margin is Ride Profit divided by the revenue we generate from our Sharing business. We use Ride Profit Margin for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that Ride Profit and Ride Profit Margin are useful indicators of the economics of our Sharing business, as they exclude indirect unallocated expenses such as research and development, selling and marketing, and general and administrative expenses. Adjusted Operating Expenses is a supplemental measure of operating expenses used to provide investors with additional information about the Company's business performance. We believe Adjusted Operating Expenses is useful in evaluating the operational costs of our business as it excludes impact from items that are non-cash in nature, non-recurring, or not related to our core business operations. We calculate Adjusted Operating Expenses as total operating expenses, adjusted to exclude (i) depreciation and amortization associated with operating expenses, (ii) stock-based compensation expense, (iii) legal settlements and reserves, (iv) impairment of assets, and (v) other non-recurring, non-cash, or non-core items. Adjusted EBITDA is a supplemental measure of operating performance used to inform management decisions for the business. We believe Adjusted EBITDA is useful in evaluating our performance on a relative basis to other comparable businesses as it excludes impact from items that are non-cash in nature, non-recurring, or not related to our core business operations. We calculate Adjusted EBITDA as net profit or loss, adjusted to exclude (i) interest expense (income), net, (ii) provision for (benefit from) income taxes, (iii) depreciation and amortization, (iv) vehicle count adjustments, (v) stock-based compensation expense, (vi) other income (expense), net, (vii) legal settlements and reserves, (viii) impairment of product sales inventory, (ix) impairment of assets, and (x) other non-recurring, non-cash, or non-core items. Free Cash Flow is a non-GAAP financial measure used by our management and board of directors as an important indicator of our liquidity, as it is an additional basis for assessing the amount of cash we generate. Accordingly, we believe that Free Cash Flow provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors. There are limitations related to the use of free cash flow as an analytical tool, including: other companies may calculate free cash flow differently, which reduces its usefulness as a comparative measure; free cash flow does not reflect our future contractual commitments; and free cash flow does not represent the total residual cash flow for a given period. We calculate Free Cash Flow as net cash provided by (used in) operating activities, adjusted to exclude capital expenditures, which consist of purchases of vehicles and property and equipment. There are a number of limitations related to the use of non-GAAP financial measures. In light of these limitations, we provide specific information regarding the GAAP amounts excluded from Ride Profit, Ride Profit Margin, Adjusted Operating Expenses, Adjusted EBITDA and Free Cash Flow. For reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures, see the appendix to this presentation. Reconciliations of forward-looking non-GAAP financial measures are not provided because we are unable to provide such reconciliations without unreasonable effort due to the uncertainty regarding, and potential variability of, certain items, such as stock-based compensation expense and other costs and expenses that may be incurred in the future. This presentation also contains certain key business metrics which are used to evaluate our business, measure our performance, identify trends affecting our business, formulate business plans, and make strategic decisions. We calculate Rides as the total number of paid and unpaid trips completed by customers of our Sharing business. Rides are seasonal to a certain degree. BIRD 2#3Q3 2022 update BIRD 3#4Financial highlights Revenue Revenue growth driven by increased vehicle deployment and higher rides across both global segments, North America and EMEA Sharing gross margin (% of Sharing revenue) Material Sharing gross margin improvement as a result of lower depreciation and increased operating efficiencies as we scale across larger fleet manager partners. Adj. OpEx² Cost savings from focus on Sharing business announced in Q1'22 was fully realized in Q3'22. Overall, continuing to optimize cost structure. Adj. EBITDA² Adjusted EBITDA improvement driven by revenue growth, improving unit economics and increased operating leverage. Q3 2022 $72.9M 37% $40.0M $0.2M Q3 2021¹ (restated) $61.1M 14% $36.6M $(9.9)M Change +19% +22.8 pp +9% +102% BIRD 1. Reflects adjustments to Sharing revenue of $4.3 million for the three months ended September 30, 2021. 2. Compared to operating expenses (as a percentage of revenue) of 40% and 66%, in the third quarter of 2022 and the third quarter of 2021, respectively, and net loss of $9.8 million and $42.1 million, in the third quarter of 2022 and the third quarter of 2021, respectively. Adjusted Operating Expenses and Adjusted EBITDA are non-GAAP financial measures. See "Non-GAAP Financial Measures and Key Metrics" for additional information and see "Appendix" for reconciliations to the nearest comparable GAAP metrics.#5Significant progress in profitability roadmap in Q3 ● Revenue increased 19% YoY to $72.9 million, driven by a 15% increase in Sharing revenues. • Consolidated gross margin was 38%, vs. 13% in the prior year period as a result of lower depreciation, and operating efficiencies as we scale across larger fleet manager partners. (in millions, unless otherwise noted) Rides Avg. Rides per Deployed Vehicles per Day Average Deployed Vehicles (in thousands) Gross Transaction Value Revenue Gross Margin % of Revenue Sharing gross margin (before vehicle depreciation) % of Sharing Revenue Sharing gross margin (after vehicle depreciation) % of Sharing Revenue Adjusted OPEX² % of Revenue Adjusted EBITDA % of Revenue BIRD 2019A FY 40 2.5x 44 $162 $151 $(136) (90)% $(13) (9)% $(125) (89)% $(215) (143)% $(228) (151)% 2020A FY (restated) 18 1.3x 38 $115 $90 $(26) (29)% $6 8% $(18) (24)% $(184) (204)% $(181) (201)% Q1 (restated) 4 1.1x 47 $31 $24 $1 3% $6 29 % $1 5% $(37) (153)% $(30) (124)% ● ● Total operating expenses were $29.4 million. Adjusted Operating Expenses were $40.0 million, up 9% YOY, but declined from $56 million last quarter. Adjusted EBITDA was $0.2 million compared to Adjusted EBITDA loss of $9.9 million in the prior year period. Q2 (restated) 11 1.8x 69 $71 $56 $10 18% $22 42 % $10 19% $(39) (72)% $(17) (31)% 2021A Q3 (restated) 15 2.1x 79 $80 $61 $8 13 % $25 43% $8 14% $(37) (61)% $(10) (16)% Q4 (restated) 9 1.3x 79 $60 $50 $4 7% $17 41% $3 7% $(46) (90)% $(24) (48)% FY (restated) 40 1.6x 69 $242 $191 $23 12% $70 40 % $22 13% $(159) (83)% $(81) (42)% Q1 (restated) 7 1.0x 79 $43 $35 $1 2% $10 31% $1 2% $(50) (141)% $(39) (111)% 2022A Q2 (restated) 15 1.5x 110 $86 $67 $(23) (35)% $28 45% $10 16% $(56) (84)% $(29) (43)% Q3 17 1.5x 117 $89 $73 $28 38 % $37 54% I $25 I 37% $(40) (55)% $0.2 0% I Note: Rides, Average Rides per Deployed Vehicle Per Day, Average Deployed Vehicles (in thousands), and Gross Transaction Value are key business metrics. Adjusted EBITDA and Adjusted Operating Expenses are non-GAAP metrics. See "Non-GAAP Financial Measures and Key Metrics for additional information and see "Appendix" for a reconciliation to the nearest comparable GAAP metric. L 5#6BIRD Environmentally friendly transportation for everyone#7We are a scaled micromobility platform 175M+ Rides to date¹ 24% Revenue growth YoY23 40 Trees equivalent to each vehicle's GHG offset5 BIRD $175M 2022 YTD revenue² 47% Sharing gross margin (before Vehicle Depreciation) 24 1. Rides to date as of October 31, 2022 2. Reflects adjustments to Sharing revenue of $12.5 million for the six months ended September 30, 2022, and $10.1 million for the nine months ended September 30, 2021.. 3. Q1-Q3 2021 to Q1-Q3 2022 Sharing Revenue growth. 4. Q1-Q3 2022 Sharing Gross Margin before depreciation as a % of Sharing Revenue. 5. Based on carbon sequestering per year f 6-year-old elm tree of 1,700 grams relative to a Bird Two over a 1.5 year period representative of a Bird Two half-life. DEMAND DATA RIDES First-mover advantage CITY LICENSES PARTNERS 7#8Massive market opportunity with accelerating penetration ESTIMATED TOTAL ADDRESSABLE MARKET 8 trillion trips are taken each year globally... BIRD of which 5 trillion are < 5 miles in length... of which 900 billion are taken by addressable users'... with 200 billion trips shifting to micromobility... ...resulting in a $800B yearly revenue opportunity² Addressed Market $80B+ Yearly SAM³ bb b 9999 s es Is s s s s s s s $800B Yearly TAM es s es ↓ s 1. Addressable Users are defined as non-senior adults who live in urban areas with access to cellular networks. Total Addressable Market ("TAM") calculated from global trip data per industry sources, the US federal government and the European Commission haircut by trip length and user demographic data (including age, ability, and income) per the UN, World Bank, and CIA Factbook, modal mix per industry sources and climate suitability per historical weather data. 3. Serviceable Available Market ("SAM") calculated beginning with TAM of near-term Bird markets reduced by 'serviceable trip length' penetration per Bird trip length data and estimated e-bike penetration, infrastructure penetration per city-level data from industry sources, regulatory penetration per city regulations and Bird internal estimates for city permits. 8#9Ours is a multidimensional business Two-sided marketplaces, wrapped in closed regulatory systems PROTECTED CITY REVENUE BIRD Permits Maintain >80% permit win rate Government Rel. Industry-leading Gov Partnerships team Playbook to Launch in New Markets Acquire & Standup Partner Network & Local Ops KEY Hyperlocal data TWO-SIDED MARKETPLACE Local FMs (supply) Charge, rebalance, & repair vehicles Riders (demand) Base of millions of entrenched riders Government partnership Bird mesh network Marketplace DIFFERENTIATED HARDWARE TECH Sidewalk Detection & Virtual Parking User (rider) App Development & Iteration Engineering IoT Capability & Redundant Location. Tracking Hardware Refine RFP application, pricing, drop & relocation logic based on rider/FM experience INNOVATIVE SOFTWARE TECH FM App Development & Iteration Safety & Compliance Vehicle usage within the bounds of micromobility infrastructure First mover advantage Nest Location & Size Machine forecasts demand, sets drops/rebalancing to maximize profit 9#10Differentiated Fleet Manager operating model How it works ad BIRD Network of Fleet Managers manage logistics for micro-fleets, providing economic advancement opportunities and streamlining expansion to small cities Fleet Managers charge, deploy, store, and repair, reducing Bird's infrastructure costs, especially in winter Aligns incentives through a per-trip revenue share construct, further boosting Bird's leading unit economics while providing a positive return to Fleet Managers 1. Excludes Product Sales and Platform revenue. WHO OWNS THE... Charging Deployment Rebalancing Repair Vehicle Permits Brand Data/Tech Platform % of FY21 Sharing revenue¹ KEY IN-HOUSE OPS 6% Bird FLEET MANAGER OPS Partner 94% 10#11Bird-designed vehicle evolution LAUNCH DATE VEHICLE HALF-LIFE % FLEET (Q2 '22) KEY INNOVATIONS BIRD OFF THE SHELF Xiaomi M365 Sep 2017 3 - 4 months 0% First-ever shared scooter BIRD- DESIGNED BIRD BirdZero Oct 2018 12 months 9% Ruggedized for sharing Doubled battery life T D Bird One May 2019 14 months 20% Fully encrypted brain Modular body for easy repairs Note: Bird Zero, Bird One and Bird Two vehicle half-life based on methodology employed in audited GAAP financials; Bird Three estimated vehicle half-life based on equivalent methodology as prior vehicle models. BIRD Bird Two Aug 2019 18 months 15% Ultra-rugged fused body Large, efficient battery BIRD Bird Three Mar 2021 24 months 56% Best-in-class safety features Anti-theft firmware and battery brain encryption 11#12Fleet Manager operating model paved the way for significant Sharing gross margin improvement Sharing gross margin (as % of Sharing revenue¹) BIRD 100% 50% 0% (50%) (100%) FY'2019 (9%) (89%) FY'2020 8% (24%) Q1'21 29% 5% Q2'21 42% 19% Q3'21 43% 14% Q4'21 41% 7% FY'2021 40% 13% 1. Reflects adjustments to Sharing revenue of $1.4 million for the three months ended March 31, 2021, $4.4 million for the three months ended June 30, 2021. $4.3 million for the three months ended September 30, 2021, $4.8 million for the three months ended December 31, 2021, $2.6 million for the three months ended March 31, 2022, and $9.9 million for the three months ended June 30, 2022. 2. Margin improvements based on Sharing Gross Margin (after Vehicle Depreciation). Q1'22 31% 2% Q3 2022 vs Q3 2021: +22.8pp² Sharing Gross Margin Q2'22 45% 16% Q3'22 54% 37% Sharing gross margin before vehicle depreciation (% of Sharing revenue) Sharing gross margin after vehicle depreciation (% of Sharing revenue) 12#13Why Bird wins 1 Rider experience that addresses traditional mobility pain points 2 Operational advantage with scalable Fleet Manager program 3 Category creator with advanced technology and data platform 4 Sustainability is integral to Bird's business model 5 Strong unit economics BIRD BIRD 13#141. Rider experience that addresses traditional mobility pain points TRADITIONAL MOBILITY PAIN POINTS Long wait Unpredictable traffic BIRD Long walk Surge pricing Congested commute Heavy emissions The Bird experience 1. On-demand 2. Quick and efficient 3. Socially distanced 4. Congestion reducing 5. Affordable 6. Environmentally friendly 5:21 = C 2 min Diana Hobson Fine Art 30 52 A 55 Andalusia Ave BIRD 14 mi Principessa Main Street Peep Hole Box O all RESERVE O Daniel Wellington Andalusia Ave STAG Provisions for Men Scot 14#152. Operational advantage with scalable and cost- efficient Fleet Manager program $ M BIRD Efficient management ratio Fleet Managers provide logistics services for ~100+ scooters each, driving meaningful scale Significant revenue share become moat Revenue potential as a Fleet Manager is far better than peer alternatives Hyper local knowledge Localized knowledge reduces city costs and improves operational outcomes Community Community of Fleet Managers drives retention Performance management Utilizing strategic software tools and incentives to further improve profitability 9:41 D O 75 FLEET STATUS Now 100 5 Pick Ups 2 in peril 20 In Task 5 damaged 75 Rideable 20 in low demand areas .... -- 20 FAQ Noon 2:21 Office $$$ REVENUE MAP onice Studio CAPTURE $$ $$$ Last updated 5 min ago $$ all Robert Graham Grand sy Safán: hambra Cabrillo +3 Birds Fleet Managers in your area made $5 more per release when using the Revenue Map last week. RELEASE ($) 15#163. Category creator with advanced technology and data platform Hardware Designed for safety, connectivity and durability (2) 9 BIRD DATA Al sidewalk detection GPS and Global connected network Anti-theft brain-battery "handshake" tech BIRD Birdos DATA 9:21 0 P BIRD 33 Add friends-no app required After starting your ride, tip Add a Rider 00 B 98 OR Software Purpose built for rider, operator and city DATA Rider apps • Ride booking • Real-time inventory • Payment 0 A INSPECTION Brake Ow Ma Fleet Manager apps • Inventory management • Repair training • Drop engine Yuma-Gov Hath City apps • Location services . 3-1-1 compliance • Parking zones 16#174. Energy transition is core to Bird's mission BIRD RIDES TYPICALLY REPLACE HIGHER-EMISSION MODES Mode Shift Displacement Survey Results Other¹ 18% Public transit 9% Personal car 23% BIRD 51% of alternatives have higher emissions Walking 31% Ride-hail 19% Each Bird Two prevents an estimated 103kg of greenhouse gas emissions during its lifetime² EACH BIRD'S GHG OFFSET IS EQUIVALENT TO THE CARBON ABSORBED BY 40 TREES³ Note: GHG assumptions based on The Greenhouse Gases, Regulated Emissions and Energy Use in Transportation (GREET) Model Argonne National Laboratory. Mode Shift results based on an October 2019 Bird survey through Qualtrics of ~1k riders. 1. Other includes personal bike, personal scooter, and bikeshare. 2. Based on fully-burdened lifecycle analysis, adjusted for additional emissions related to upstream manufacturing, fuel extraction, caloric intake, shipping, and disposal, among others. Based on Bird Two actual data, including pre-COVID KPIs, ~1.5 year half-life, and 272 g/passenger mile lifecycle GHG emissions (compared to personal cars, which emit an estimated 463g/passenger mile). GHG emissions prevented calculated as weighted average based on percent of trips replaced across each mode. 3. Based on carbon sequestering per year of 6-year-old elm tree of 1,700 grams relative to a Bird Two over a 1.5 year period representative of a Bird Two half-life. 17#185. Strong Unit Economics even with COVID backdrop For every $10 earned Rides per Deployed Vehicle per Day ("RpD") Sharing revenue 1 (-) Ride costs 2 Sharing gross margin (before vehicle depreciation) (-) Vehicle depreciation Sharing gross margin (after vehicle depreciation) % of Sharing gross margin % Total gross margin BIRD FY2019 2.5x $10.00 10.94 $(0.94) 7.99 $(8.93) (89)% (90)% COVID dampens demand Reduced through the FM model Fully shifted to Bird- designed vehicles Note: Rides per Deployed Vehicle Per Day is a key business metric. 1. Net of sales tax, credits, discounts, refunds, disputes and failed payments; excludes Product Sales revenue. 2. Ride Costs represents only Sharing-related costs. 3. Reflects adjustments to Sharing revenue of $4.5 million for the fiscal year ended December 31, 2020, and $14.6 million for the fiscal year ended December 31, 2021. FY2020 3 1.3x $10.00 9.21 $0.79 3.15 $(2.36) (24)% (29)% Ongoing COVID recovery RpD increase maintains strong FM earnings Ongoing vehicle improvements FY2021³ 1.6x $10.00 5.97 $4.03 2.74 $1.28 13% 12% 18#19Appendix BIRD O 19#20Components of metrics & non-GAAP reconciliations FY2020A FY (restated) $115.2 $(15.1) $(10.0) BIRD (in millions) Gross Transaction Value Contra Revenue Platform Adjustment Revenue Product Sales Revenue Sharing Revenue Gross Margin Vehicle Depreciation Net Impact of Product Sales Division¹ Sharing gross margin (before vehicle depreciation) % of Sharing Revenue Vehicle Depreciation Sharing gross margin (after vehicle depreciation) % of Sharing Revenue Net Income (Loss) Net Interest (Income) Expense Income Tax Depreciation & Amortization Vehicle Count Adjustments Stock Based Compensation Tariff Refunds Net Other (Income) Expense Including Foreign Currency Settlements and Appeasements Impairment of inventory and inventory deposits. Impairment of Assets Non-recurring, non-cash, or non-core items One-time IPO activities Adjusted EBITDA % of Revenue FY2019A FY $161.9 $(10.6) $(0.8) $150.5 $(10.1) $140.4 $(135.7) $112.2 $10.2 $(13.2) (9)% $(112.2) $(125.4) (89)% $(387.5) $5.0 $0.3 $116.1 $9.7 $30.6 $0.0 $(3.0) $0.8 $0.0 $0.0 $0.0 $0.0 S(228.0) (151)% $90.1 $(14.7) $75.4 $(25.9) $23.8 $8.1 $6.0 8% $(23.8) $(17.8) (24)% S(208.7) $6.6 $0.1 $35.4 $3.4 $6.1 $(25.0) $(5.9) $6.7 $0.0 $0.0 $0.0 $0.0 S(181.4) (201)% Q1 (restated) $31.3 $(4.7) S(2.3) $24.2 $(4.0) $20.2 $0.6 $5.0 $0.3 $5.9 29% $(5.0) $0.9 5% $(76.8) $1.6 $0.0 $6.9 $(0.2) $1.5 $0.0 $35.7 $1.2 $0.0 $0.0 $0.0 $0.0 $(30.1) (124)% Q2 (restated) $71.2 $(10.9) $(6.1) $55.7 $(3.4) $52.2 $10.1 $11.5 $0.0 $21.7 42% $(11.5) $10.2 19% $(49.3) $3.1 $0.1 $13.5 $(0.3) $1.3 $0.0 $14.5 $0.2 $0.0 $0.0 $(0.2) $0.0 $(17.1) (31)% Note: Certain FY2019 amounts have been reclassed to conform with current period presentation. FQ2019, FQ2020 and FQ2021 figures are unaudited and unreviewed. 1. Product Sales division includes impairment of inventory and inventory deposits, which were $31.8 million for the three month ended June 30, 2022. FY2021A 03 (restated) $79.5 $(10.9) $(7.5) $61.1 $(1.4) $59.7 $8.2 $17.3 $(0.0) $25.5 43% $(17.3) $8.2 14% $(41.2) $0.3 $0.0 $19.2 $0.6 $1.5 $0.0 $10.0 $0.5 $0.0 $0.0 $0.0 $0.0 $(9.9) (16)% 04 (restated) $59.5 $(5.8) $(2.8) $49.5 $(9.0) $40.5 $3.7 $13.5 $(0.7) $16.5 41% $(13.5) $3.0 7% S(46.7) $1.1 $0.1 $15.3 $4.6 $82.4 $0.0 $(86.8) $4.7 $0.0 $0.0 $0.2 $1.4 S(23.8) (48)% (restated) $241.5 $(32.3) $(18.7) $190.5 $(17.8) $172.7 $22.7 $47.3 $(0.5) $69.6 40% $(47.3) $22.2 13% $(214.9) $6.1 $0.2 $54.9 $4.7 $86.7 $0.0 $(26.6) $6.6 $0.0 $0.0 $0.0 $1.4 $(80.9) (42)% 01 (restated) $43.1 $(5.7) $(2.1) $35.4 $(4.4) $31.0 $0.8 $8.9 $(0.2) $9.6 31% $(8.9) $0.6 2% $7.7 $1.4 $0.0 $9.8 $0.6 $48.7 $0.0 S(108.6) $0.9 $0.0 $0.0 $0.0 $0.0 S(39.4) (111)% FY2022A Q2 (restated) $86.0 $(15.0) $(4.3) $66.8 $(4.3) $62.5 $(23.2) $18.4 $33.2 $28.4 45% S(18.4) $10.0 16% $(320.3) $2.6 $0.1 $19.3 $0.0 $43.7 $0.0 S(23.5) $0.1 $31.8 $215.8 $1.5 $0.0 $(28.9) (43)% 03 $89.4 $(10.3) S(6.3) $72.9 $(4.1) $68.8 $27.7 $11.7 $(2.6) $36.8 54% $(11.7) $25.1 37% $(9.8) $3.8 $0.4 $12.1 $0.9 $(10.3) $0.0 $3.9 $(1.7) $0.0 $0.0 $0.0 $0.0 $0.2 0% 20#21Ride Profit to gross margin BIRD (in millions) Gross margin Vehicle depreciation Vehicle count adjustments Product Sales division (3) (1) (2) Ride Profit (before Vehicle Depreciation) (1) Vehicle depreciation Ride Profit (after Vehicle Depreciation) Three Months Ended September 30, 2021 (restated) 2022 (unaudited) 27.7 11.7 0.9 (2.6) 37.7 (11.7) 26.0 8.2 17.8 0.6 26.7 (17.8) 8.9 Nine Months Ended September 30, 2022 (unaudited) 2021 (restated) 5.3 39.3 1.5 30.5 76.6 (39.3) 37.3 19.0 35.9 0.2 0.2 55.3 (35.9) 19.4. 1. We exclude vehicle depreciation as these costs are non-cash in nature. Vehicle depreciation excludes tariff depreciation adjustments, which were $0.0 million and $(0.3) million for the three and nine months ended September 30, 2022, respectively, and $(0.6) million and $(2.1) million for the three and nine months ended September 30, 2021, respectively. 2. We exclude vehicle count adjustments as these are adjustments made based on results of physical inventory counts, which are non-cash in nature. 3. We exclude the revenue and cost of revenue associated with vehicle sales to retail customers and Bird Platform partners. Product Sales division includes impairment of inventory and inventory deposits, which were $0.0 million and $31.8 million for the three and nine months ended September 30, 2022, respectively. 4. Reflects adjustments to Sharing revenue of $4.3 million for the three months ended September 30, 2021, and $12.7 million and $10.1 million for the nine months ended September 30, 2022 and 2021, respectively. 21#22Adjusted Operating Expenses to total operating expenses BIRD (in millions, except as otherwise noted) Total operating expenses Depreciation and amortization (¹) Stock-based compensation expense Legal settlements and reserves Impairment of assets Other non-recurring, non-cash, and non-core items Adjusted Operating Expenses (2) % of Revenue $ $ Three Months Ended September 30, Nine Months Ended September 30, 2021 (restated) 2022 (unaudited) 2021 (restated) 2022 (unaudited) 1. Depreciation and amortization is comprised of property and equipment depreciation and intangible asset amortization, which is part of total operating expenses. 2. Reflects adjustments 29.4 (0.4) 10.3 1.7 (1.0) 40.0 55% $ $ o Sharing revenue of $4.3 million for the three months ended September 30, 2021, and $12.7 million and $10.1 million for the nine months ended September 30, 2022 and 2021, respectively. 40.0 (1.4) (1.5) (0.5) 36.6 60% $ $ 447.6 (1.9) (82.0) 0.8 (215.8) (2.5) 146.1 83% $ $ 122.0 (3.8) (4.3) (1.9) 112.0 79% 22#23Adjusted EBITDA to net loss BIRD (in millions) (2) Net loss Interest expense, net Provision for (benefit from) income taxes (1) Depreciation and amortization Vehicle count adjustments Stock-based compensation expense Tariff refunds Other (expense) income, net Legal settlements and reserves Impairment of product sales inventory Impairment of assets Other non-recurring, non-cash, or non-core items Adjusted EBITDA Three Months Ended September 30, 2021 (restated) 2022 (unaudited) (9.8) 3.8 0.4 12.1 0.9 (10.3) 3.9 (1.7) 1.0 0.2 (42.1) 0.3 19.2 0.6 1.5 10.0 0.5 (9.9) Nine Months Ended September 30, 2022 (unaudited) 2021 (restated) (322.3) 7.8 0.5 41.2 1.5 82.0 (128.2) (0.8) 31.8 215.8 2.5 (68.2) (168.2) 5.0 0.1 39.7 0.2 4.3 60.1 1.9 (0.2) (57.1) 1. Depreciation and amortization excludes tariff depreciation and other adjustments, which were $0.0 million and $(0.3) million for the three and nine months ended September 30, 2022, respectively, and $(0.6) million and $(2.1) million for the three and nine months ended September 30, 2021, respectively. 2. Reflects adjustments Sharing revenue of $4.3 million for the three months ended September 30, 2021, and $12.7 million and $10.1 million for the nine months ended September 30, 2022 and 2021, respectively. 23