Turkish Market Competitive Position and Growth
Commute ridership increases as modalities gain longevity and availability in the field
Commute rides account for ~92% of rides
Daily
commute
First and
last mile
commute
32%
60%
60
60
50
40
Customer retention continues to increase with increased
availability
3.5
3.2
3.2
3.1
2.8
30
20
Leisure
8%
10
3.3
3.7
0
Q1'20
Q2'20
% of leisure was ~8% in Q3 2022¹
7.7
12.2
8.8
4.0
18.7
4.2
3.7
18.7
17.9
3.2
5
4.7
4
4.0
36.2
3
29.3
28.4
2
Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22
-Avg. daily vehicles deployed (thousands)
Avg. monthly rides per unique rider
Source: Company information. 1. Analysis conducted for Q3 2022 for Istanbul rides. Definition of journeys: (i) first and last mile: rides that start or end within a 100m radius of metro, metrobus, marmaray or ferry stops; (ii) leisure: rides with more than 10 times difference between the total ride distance and
the air distance (bird's eye view) from start to end points of ride; (iii) daily commute: all remaining rides; (iv) commute rides is the sum of daily commute and first and last mile commute rides.
1
0
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