Bird Results Presentation Deck slide image

Bird Results Presentation Deck

Financial Highlights - Q1'23 Revenue Down $5.8 million year-over-year, of which $4.1 million was due to lower product sales as we strategically exited our retail business over the course of 2022 Sharing gross margin (% of Sharing revenue) Sharing gross margin improvement off of higher Sharing revenues and increased operating efficiencies as we scale across larger fleet manager partners Adj. OpEx¹ (% of revenue) Continue to realize benefits from the reductions in force that occurred in 2022, optimization in third party spend in professional fees, technology costs, and advertising, and reduction in logistic and facilities expenses following our geographic footprint rationalization. Adj. EBITDA¹ Adjusted EBITDA improvement driven by higher revenues, and controlled operating expenses Q1 2023¹ $29.5M 16% 104% Q1 2022 $35.4M 0% 141% $(15.6)M $(39.4)M BIRD 1. 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 -17% +16 pp -37 pp +60% 19 5
View entire presentation