Marti Results Presentation Deck
Q3 2021 vs. Q3 2022 results
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)
Adj. EBITDA Margin
1
Q3 2021
17,877
4.32
1.02
7,263
(3,009)
41%
(1,966)
27%
2,373
33%
Q3 2022
36,176
3.11
0.87
8,943
(4,778)
53%
(2,804)
31%
1,483
17%
A
102%
(28)%
(16) %
23%
59%
43%
(38)%
Comments
ā ~2X growth in fleet size, including new modalities.
Q3 2021 figures reflect temporary increase in demand following the end of COVID curfew in Q2 2021.
Increase in share of commute relative to leisure rides reduced average ride durations by ~20%.
ā Revised field operation vehicle rates and increased cost of fuel. Expiration of cloud server credit.
Additions to senior management team and increased advisory expenses prior to listing.
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. 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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