Marti SPAC Presentation Deck
By addressing this unmet and underserved demand, Marti has grown significantly with attractive margin
levels, even during COVID
✓
Marti offers
Last mile connectivity - complementary to long
distance transport
Timing flexibility with on demand booking
Ability to pick-up and drop-off anywhere
Affordable transportation
Vehicle designs tailored to local topography and
weather
Environmentally friendly and socially distanced
travel solutions
LTM Net Revenue¹
(million $)
25
20
15
10
5
0
Gross margin (%)
60%
45%
30%
15%
0%
(15%)
(30%)
(45%)
(24%)
Q2'19
Jun
Mar-19 May-19 Jul-19 Sept-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20 Sept-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 Jun-22
LTM Net Revenue ($)
Operational Fleet ('000s)
2
LTM revenue is consistently growing
(14%)
(7%)
Full curfew
Attractive gross profit margin levels (LTM)
(4%)
Q3'19 2 Q4'19 Q1'20
4%
Q2'20
Partial curfew
37%
33%
31%
Q3'20 Q4'20 Q1'21
37%
Q2'21
Gross Margin (pre-depreciation)
40%
41%
38%
Operational Fleet
(000 vehicle)
Q3'21 Q4'21 Q1'22
35
30
25
20
15
10
5
0
39%
Q2'22
Source: Company information. Note: Based on last 12 months avg pre-depreciation gross margin. 1. Last 12 months net revenue. Periods before Feb 2020 do not have 12 months rolling data so monthly revenue is annualized by multiplying by 12. 2. Q2'19 and Q3'19 LTM are based on 6 months and 9
months, respectively.
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