Q4 2022 Investor Presentation

Q4 2021 vs. Q4 2022 results Q4 2021 Q4 2022 Δ Comments Average Daily Vehicles Deployed 18,742 38,137 103% 1~2X growth in fleet size, including new modalities. Average Daily Rides per Vehicle 2.84 1.95 (31)% ↓ Lower daily rides per vehicle in sub-scale launches of new smaller cities. Average Net Revenue per Ride (USD) 0.70 0.91 31% ↑ Continued Turkish Lira price increases in excess of currency depreciation against USD. Net Revenue (USD, thousands) 3,399 6,254 84% Cost of Revenues, excl. Fleet Depreciation (USD, thousands) (2,795) (6,086) 118% ↓ Sub-scale operations in smaller cities with fixed minimum viable scale costs, and yet to be consolidated operating teams serving distinct modalities. % of Net Revenue 82% 97% G&A (USD, thousands) % of Net Revenue (3,149) (4,883) 55% 93% 78% Adj. EBITDA (USD, thousands) 1 (1,173) (3,874) (230)% Adj. EBITDA Margin (35)% (62)% Economies of scale in fixed cost. Increase in team and marketing expenses together with introduction of new car-pooling service pilot, and pre-listing additions to senior management team. Source: Company information. Note: The interim financials presented are GAAP reporting financials and have not been audited or reviewed by the Company's independent auditors. 1. Adjusted EBITDA is calculated by adding depreciation, amortization, taxes, financial expenses (net of financial income) and one- time charges and non-cash adjustments, to net income (loss). LO 5

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