Bird Results Presentation Deck slide image

Bird Results Presentation Deck

Financial Highlights - FY'22 Revenue¹ Revenue growth driven by increase in rides and Sharing revenues, including recognition of $23.3M of breakage revenue, offset by lower Product Sales¹ Sharing gross margin (% of Sharing revenue) Sharing gross margin improvement off of higher Sharing revenues and to a lesser extent, increased efficiencies as we scale and savings in cost of sharing Adj. OpEx² (% of revenue) Expenses first half weighted as we continue to optimize our central cost structure throughout FY'22 as part of our path to profitability roadmap Adj. EBITDA² Adjusted EBITDA improvement driven by higher revenues, and controlled operating expenses. Delivered positive Adjusted EBITDA in the second half of fiscal 2022. FY 2022¹ $244.7M 28% 77% FY 2021 $190.5M 13% 90% $(62.1) M $(80.9)M BIRD 1. Reflects $23.3 million of breakage revenue, which is revenue is recognized when the likelihood of the customer exercising its unredeemed preloaded wallet balances becomes remote, from prior periods during the year ended December 31, 2022 2. Adjusted Operating Expenses and Adjusted EBITDA are non-GAAP financial measures. See "Non-GAAP Financial Measures and Key Metrics" for additional information and see "Appendix" for reconciliations to the nearest comparable GAAP metrics. Growth +28% +15 pp -13 pp +23% 6
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