Marti Investor Presentation Deck

5. Strong unit economics (cont'd) Improving unit economics $1.12 2020A Net revenue per ride ($) $0.96 2021A CAGR +23% $0.88 2022E $1.28 2023E 1 $1.68 FD $0.81 2020A Net costs per ride² ($) $0.65 2021A CAGR (11%) $0.58 2022E $0.71 2023E¹ $0.64 FD $0.30 27% Gross profit per ride³ ($) $0.31 32% 2020A 2021A CAGR5 +85% $0.29 33% 2022E Gross profit per ride ($) $0.57 45% $1.04 62% 2023E¹ 2023FD Better margins and cash position Gross profit margin (%) Lower operating cost Source: Company information. Note: CAGR calculated based on FD (full year post listing Fully Deployed) figures. In FY2021, Marti had a positive (+1%) EBITDA margin vs Bird's (-33%) and Helbiz's (-409%) significantly negative EBITDA margins. 1. 2023 estimates assume receipt of proceeds from the ~$62.0 million in convertible note PIPE commitments plus assumed incremental PIPE commitments of up to $88.0 million to be raised post-announcement, in June 2023. 2. Refers to net variable costs per ride. 3. Refers to pre-depreciation gross profit. 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 additional financing, including assumed 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. 36

View entire presentation