Q4 2022 Investor Presentation
Business plan projections vs Actual 2022
2022 E
2022 A
A
Comments
Average Daily Vehicles Deployed
32,434
33,004
2%
Average Daily Rides per Vehicle
2.38
2.37
↑ Higher share of vehicles available for rent in the field due to lower incidence of repair and maintenance,
and more efficient battery swapping.
Parallel to forecast.
Average Net Revenue per Ride (USD)
0.88
0.88
Parallel to forecast.
Net Revenue (USD, thousands)
24,683
24,998
1%
Cost of Revenues, excl. Fleet Depreciation
(USD, thousands)
(16,444)
(18,636)
13%
↓ Sub-scale operations in newly launched smaller cities with fixed minimum viable scale costs, and yet to be
consolidated operating teams serving distinct modalities.
% of Net Revenue
67%
75%
G&A (USD, thousands) 1
% of Net Revenue
(9,441)
(12,777)
35%
↓ Increase in team and marketing expenses together with introduction of new car-pooling service pilot. Pre-
listing additions to senior management team and advisory expenses.
38%
51%
Adj. EBITDA (USD, thousands) 2
(804)
(3,873)
(382)%
Adj. EBITDA Margin
(3)%
(15)%
Source: Business plan projections are non-GAAP management reporting financials and have not been audited or reviewed by the Company's independent auditors. 2022 actual results are based on audited GAAP results for the year ended December 31, 2022. 1. G&A includes selling and marketing; other
income/expense and R&D exppenses. 2 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).
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