Marti Investor Presentation Deck slide image

Marti Investor Presentation Deck

Transaction summary ● About Marti Marti is Turkey's leading mobility provider, operating a fleet of e-scooters, e-bikes, and e-mopeds, serviced by proprietary software systems and loT infrastructure Marti has achieved strong growth and best- in-class unit profitability¹ As the #1 travel app on the iOS & Android stores in Turkey², Marti seeks to become Turkey's first mobility super app by expanding into other attractive adjacencies, leveraging its growing and loyal customer base Transaction overview Galata is a NYSE American-listed special purpose acquisition company which proposes to close a merger with Marti in Q2 2023 Pro-forma enterprise value of ~$549 million and equity value of ~$630 million O Implied pro forma enterprise value of 4.0x FD (Fully Deployed ³) net revenue of ~$138 million and 9.3x FD (Fully Deployed ³) EBITDA of ~$59 million O Approximately $62.0 million convertible note PIPE commitments plus assumed additional financing, including incremental PIPE commitments of up to $88.0 million to be raised post-announcement, will fund future growth Marti shareholders are rolling 100% of their equity and are expected to own ~50% of the Company at close ● Due diligence conducted by Galata Background checks on management and shareholders Engagement of leading global audit and accounting firm for financial due diligence Engagement of international and local counsel for legal due diligence Engagement of the world's leading business consultancy for comprehensive commercial due diligence Comprehensive evaluation of competitors and comparative transactions Independent analysis of current market share, unit economics, and regulatory regime Source: Company information, Helbiz and Bird investor presentations and SEC filings. Note: 1. In FY2021, Marti had a positive (+1%) Adjusted EBITDA margin vs Bird's ( -33%) and Helbiz's (-409%) significantly negative EBITDA margins. 2. Mobility app with the highest number of #1 ranking in Turkey iOS/Andrid app stores for the last 12 months of September 30,2022. Ranking figures based on data.ai (fka AppAnnie.) 3. FD refers to Fully Deployed figures for the 12 months immediately following the consummation of the Business Combination that Marti would be expected to achieve if only the proceeds from the approximately $62.0 million in convertible note PIPE commitments plus assumed incremental PIPE commitments of up to approximately $88.0 million to be raised post-announcement were to be deployed towards purchasing e-scooters, e-mopeds and e-bikes immediately upon receipt. 4. Based on the Pro-Forma Diluted Ownership laid out in the Detailed transaction overview slide, slide 44. 5
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