Marti Results Presentation Deck
2021 YTD vs. 2022 YTD¹ results
Average Daily Vehicles Deployed
Average Daily Rides per Vehicle
Average Net Revenue per Ride (USD)
Net Revenue (USD, thousands)
Operating Costs, excl. D&A
(USD, thousands)
% of Net Revenue
G&A (USD, thousands)
% of Net Revenue
Adj. EBITDA (USD, thousands) 2
Adj. EBITDA Margin
2021 YTD
16,278
2.90
1.05
13,555
(7,243)
53%
(4,597)
34%
1,929
14%
2022 YTD
31,290
2.54
0.87
18,819
(11,675)
62%
(6,676)
35%
764
4%
A
92%
(12)%
(17)%
39%
61%
45%
(61)%
Comments
↑~2X growth in fleet size, including new modalities.
Impact of competition on share of total market rides.
✓ Increase in share of commute relative to leisure rides reduced average ride durations.
✓ Distinct teams for each modality have yet to be consolidated. Semiannual increase in minimum wage in
January and July precedes price increases.
Economies of scale in team costs offset by prelisting advisory expenses.
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. As of September 30. 2. 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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