Bird Results Presentation Deck
Financial Outlook - adjustments to our forward guidance
Gross margin expansion from geographic mix shift
to profitable cities, and core Sharing business
Substantially improved cost structure
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BIRD
1.
$5-$10M Free Cash Flow¹
for FY'23
$15-$20M Adj. EBITDA¹
for FY'23
<$100M Adj. OpEx¹
for FY'23
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• Low growth or replacement capex spend as
vehicles from city exits are redeployed to highest
yielding markets in North America
• Our sharpened geographic and product focus
provides mix shift to higher margin businesses
Tightened cost structure that reflects a simplified
and focused strategy on our core Sharing business
Additional $20-$30M cost reduction opportunities
Operating expenses should continue to trend lower
into 2023, achieving our full year target
Free Cash Flow, Adjusted EBITDA, and Adjusted Operating Expenses 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.
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