Marti Investor Presentation Deck slide image

Marti Investor Presentation Deck

Financial performance and projections summary 10 2020A Net Revenue ($, million) 17 2021A 25 2022E 35 2023E 138 FD 27% 3 2020A Gross Profit² ($, million) 32% 5 2021A 33% 8 2022E 45% 15 2023E Gross Profit Gross Profit Margin 62% 85 FD 4 0 (8%) 2020A Adjusted EBITDA³ ($, million) 0 1% 2021A EBITDA (1) (3%) 2022E Adj. EBITDA -4 (12%) 2023E 59 Source: Marti projected financials. 2020A and 2021A based on audited GAAP results. Note 1. 2023 estimates assume receipt of proceeds from the ~$62.0 million in convertible note PIPE commitments plus assumed additional financing, including incremental PIPE commitments of up to ~$88.0 million to be raised post-announcement. 2. Gross profit pre-depreciation. 3. 2023 Estimated EBITDA adjusted for ~$10m of proposed De-SPAC related transaction fees. 4. FD refers to Fully Deployed figures for the 12 months immediately following the consummation of the Business Combination that Marti would be expected to achieve if only the proceeds from the approximately $62.0 million in convertible note PIPE commitments plus assumed additional financing, including incremental PIPE commitments of up to approximately $88.0 million to be raised post- announcement were to be deployed towards purchasing e-scooters, e-mopeds and e-bikes immediately upon receipt. FD4 (43%) -Adj. EBITDA Margin 41
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