Marti Results Presentation Deck
Business plan projections vs Actual 2022 YTD¹
Average Daily Vehicles Deployed
Average Daily Rides per Vehicle
Average Net Revenue per Ride (USD)
Net Revenue (USD, thousands)
Operating Costs, excl. D&A
(USD, thousands)
% of Net Revenue
G&A (USD, thousands)
% of Net Revenue
Adj. EBITDA (USD, thousands) ²
Adj. EBITDA Margin
2022 YTD E
34,865
2.26
0.91
19,621
(13,219)
67%
(8,529)
43%
(2,620)
(13)%
2022 YTD A
31,290
2.53
0.87
18,819
(11,675)
62%
(6,676)
35%
764
4%
A
(10)%
12% ↑ Higher share of total market rides than forecast.
(4)% ✓ Effect of Turkish Lira devaluation, offset by price increases.
(4)%
(12)%
Comments
Shipping, customs and vehicle registration driven delays in deployment of new vehicles.
(22)%
443%
↑ More efficient scaling of field operations and repair and maintenance teams by modality relative to plan.
↑ Delays in prelisting advisory expenses.
Source: Company information Note: The interim financials are non-GAAP management reporting financials and have not been audited or reviewed by the Company's independent auditors. 1. As of September 30. 2. Adjusted EBITDA: The Company defines Adjusted EBITDA as net income
(loss) plus non-operating income (loss), depreciation and amortization, net interest expense, income taxes, stock-based compensation and transaction costs.
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