Bird SPAC Presentation Deck slide image

Bird SPAC Presentation Deck

BIRD (in millions, unless otherwise noted) Rides Avg. Rides per Deployed Vehicles per Day Average Deployed Vehicles (in thousands) Gross Transaction Value YOY Growth (%) Revenue Financial forecast summary YOY Growth (%) Ride Profit (before Vehicle Depreciation) Ride Profit Margin (% of Sharing Revenue) Gross Margin Gross Margin (%) Operating Expenses % of Revenue Adjusted EBITDA % of Revenue FY2018A 24 2.8x 23 $79 $58 $(91) (155%) $(212) (363%) $157 268% $(194) (331%) FY2019A 40 2.5x 44 $162 105% $151 157% $(4) (2%) $(136) (90%) $250 166% $(229) (152%) FY2020A 18 1.3x 38 $115 (29%) $95 (37%) $16 20% $(24) (25%) $181 191% $(182) (192%) FY2021P 37 1.4x 70 $219 90% $188 99% $62 40% $21 11% $167 89% $(96) (51%) Note: Ride Profit and Adjusted EBITDA are non-GAAP metrics, see reconciliation in Appendix. Certain FY2019 amounts have been reclassed to conform with current period presentation. FY2022P 76 1.9x 107 $447 104% $401 113% $169 55% $110 27% $217 54% $(28) (7%) FY2023P 170 2.4x 198 $897 101% $815 103% $425 62% $308 38% $307 38% $144 18% 37
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