Turkish Market Competitive Position and Growth
Business plan projections vs Actual Q2 2022
Q2 2022 E
Q2 2022 A
A
Comments
Average Daily Vehicles Deployed
36,861
29,260
(21)%
Shipping, customs and vehicle registration driven delays in deployment of new vehicles.
Average Daily Rides per Vehicle
2.17
2.97
37%
↑ Increased vehicle availability and strong demand for new vehicles.
Average Net Revenue per Ride (USD)
0.91
0.90
(1)%
↓ Effect of Turkish Lira devaluation, offset by price increases.
Net Revenue (USD, thousands)
Operating Costs, excl. D&A
(USD, thousands)
% of Net Revenue
G&A (USD, thousands)
% of Net Revenue
6,596
7,122
8%
(4,618)
(3,795)
(18) % ↑ Lower operational costs despite inflationary pressures.
70%
53%
(2,450)
(2,035)
(17)%
↑ Lower advisory expenses.
37%
29%
Adj. EBITDA (USD, thousands) 1
(670)
1,384
307%
Adj. EBITDA Margin
(10)%
19%
Source: Company information Note: The interim financials are non-GAAP management reporting financials and have not been audited or reviewed by the Company's independent auditors. 1. Adjusted EBITDA: The Company defines Adjusted EBITDA as net income (loss) plus non-operating
income (loss), depreciation and amortization, net interest expense, income taxes, stock-based compensation and transaction costs.
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