Marti Results Presentation Deck
2021 vs. 2022 results
Average Daily Vehicles Deployed
Average Daily Rides per Vehicle
Average Net Revenue per Ride (USD)
Net Revenue (USD, thousands)
Cost of Revenues, excl. Fleet Depreciation
(USD, thousands)
% of Net Revenue
G&A (USD, thousands) ¹
% of Net Revenue
Adj. EBITDA (USD, thousands) ²
Adj. EBITDA Margin
2021
16,899
2.88
0.96
16,999
(11,752)
69%
(9,097)
54%
(1,645)
(10)%
2022
33,004
2.37
0.88
24,998
(18,636)
75%
(12,777)
51%
(3,873)
(15)%
A
95%
(18)%
(8)%
47%
59%
40%
(135)%
Comments
↑~2X growth in fleet size, including new modalities.
✓ Lower daily rides per vehicle in sub-scale launches of new smaller cities.
Shorter ride durations under per minute pricing model.
Sub-scale operations in newly launched smaller cities with fixed minimum viable scale costs, and yet to
be consolidated operating teams serving distinct modalities.
↑ Economies of scale in fixed cost. Increase in team and marketing expenses together with introduction
of new car-pooling service pilot, and pre-listing advisory expenses.
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Source: Based on audited GAAP results for the years ended December 31, 2021 and 2022. 1. G&A includes selling and marketing; other income/expense, R&D expenses. 2. Adjusted EBITDA is calculated by adding depreciation, amortization, taxes, financial expenses (net of financial income) and one-time charges
and non-cash adjustments, to net income (loss).View entire presentation