Bird SPAC Presentation Deck slide image

Bird SPAC Presentation Deck

Fleet Manager operating model has positive unit economics in the winter (after depreciation) BIRD RIDE PROFIT EVOLUTION (as % of sharing revenue¹) 50% 0% (50%) (100%) (150%) (200%) + FY2018 (155%) (348%) Q1 2019 (113%) (297%) Q2 2019 8% (67%) Q3 2019 I L 19% (36%) Q4 2019 FY2019 vs. FY2018: +265%² Bird-designed vehicles and operational improvements (8%) (97%) Q1 2020 (54%) (99%) Note: Ride Profit and Sharing Revenue are non-GAAP metrics, see reconciliation in Appendix. FY2018 and Q1/Q2 2019 includes fleet of legacy retail vehicles. 1. Net of sales tax, credits, discounts, refunds, disputes and failed payments; excludes Platform and Consumer Products vehicle and spare part sales. 2. Margin improvements based on Ride Profit (after Vehicle Depreciation). Q2 2020 I 15% (19%) COVID conditions Q3 2020 43% 16% Q4 2020 41% 10% Q1 2021 35% 9% Q3 2020-Q1 2020 vs. FY2019: +95%² Fleet Manager operating model Ride Profit (before Vehicle Depreciation) Ride Profit (after Vehicle Depreciation) 30
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