Bird Investor Presentation Deck
Components 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%
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