Bird SPAC Presentation Deck slide image

Bird SPAC Presentation Deck

Vehicle innovation and FM model underpin continued Ride Profit margin improvement BIRD For every $10 earned Sharing Revenue¹ (-) Ride Costs Ride Profit (before Vehicle Depreciation) % of Sharing Revenue (-) Vehicle Depreciation Ride Profit (after Vehicle Depreciation) % of Sharing Revenue In-House Ops during Winter (Q4 2019A) $10.00 10.83 ($0.83) (8)% 8.83 ($9.66) (97)% I Fleet Manager Ops during COVID (H2 2020A) Reduced through the FM model ! Fully shifted to Bird- designed vehicles I $10.00 5.76 $4.24 42% 2.84 $1.40 14% Note: Ride Profit is a non-GAAP metrics, see reconciliation in Appendix. Ride Profit (after Vehicle Depreciation) equated to Gross Profit for FY2023P for illustrative purposes. 1. Net of sales tax, credits, discounts, refunds, disputes and failed payments; excludes vehicle and spare part sales. 2. Other Ride Costs includes service centers and field operations (including labor), mobile data, AWS, city revenue share, permits fees and CC fees. I RpD increase maintains strong FM earnings Ongoing vehicle improvements Forecast (FY2023P) $10.00 3.78 $6.22 62% 1.73 $4.49 45% 38
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