Bird Investor Presentation Deck
5. Strong Unit Economics even with COVID backdrop
For every $10 earned
Rides per Deployed
Vehicle per Day ("RpD")
Sharing revenue
1
(-) Ride costs 2
Sharing gross margin
(before vehicle depreciation)
(-) Vehicle depreciation
Sharing gross margin
(after vehicle depreciation)
% of Sharing gross margin
% Total gross margin
BIRD
FY2019
2.5x
$10.00
10.94
$(0.94)
7.99
$(8.93)
(89)%
(90)%
COVID dampens
demand
Reduced through
the FM model
Fully shifted to Bird-
designed vehicles
Note: Rides per Deployed Vehicle Per Day is a key business metric.
1. Net of sales tax, credits, discounts, refunds, disputes and failed payments; excludes Product Sales revenue.
2. Ride Costs represents only Sharing-related costs.
3. Reflects adjustments to Sharing revenue of $4.5 million for the fiscal year ended December 31, 2020, and $14.6 million for the fiscal year ended December 31, 2021.
FY2020 3
1.3x
$10.00
9.21
$0.79
3.15
$(2.36)
(24)%
(29)%
Ongoing COVID
recovery
RpD increase maintains
strong FM earnings
Ongoing vehicle
improvements
FY2021³
1.6x
$10.00
5.97
$4.03
2.74
$1.28
13%
12%
18View entire presentation