Marti SPAC Presentation Deck
Financial performance and projections summary
Rides (thousand)
Avg. Rides per Vehicle per Day
Avg. # of Vehicles Deployed
Net Revenue (thousand $)
YOY Growth (%)
Gross Profit (pre-depr) (thousand $)
Gross Margin (pre-depr) %
Opex (thousand $)
% of Net Revenue
EBITDA³ (thousand $)
EBITDA Margin (%)³
Capex (thousand $)
% of Net Revenue
2020A
8,331
2.6x
8,814
9,665
506%
3,458
36%
(7,089)
73%
(739)
(8%)
9,003
93%
2021A
17,577
2.7x
18,077
17,444
80%
7,249
42%
(12,139)
70%
238
1%
31,892
183%
2022E
26,754
2.4x
30,307
23,370
34%
8,719
37%
(17,144)5
73%
835
4%
9,5504
41%
2023E¹
72,767
3.0x
66,876
85,413
265%
46,682
55%
(37,926)
44%
31,731
37%
86,1874
101%
2023FD²
102,696
2.9x
95,819
125,285
NM
71,279
57%
(52,346)
42%
54,736
44%
144,6164
115%
Source: Company information. Note: 1. 2023 estimates assume receipt of proceeds from the ~$57.5 million in convertible note PIPE commitments plus assumed incremental PIPE commitments of up to $92.5 million to be raised post-announcement. 2. FD refers to Fully Deployed figures that Marti
would be expected to achieve in 2023 if only the proceeds from the ~$57.5 million in convertible note PIPE commitments plus assumed incremental PIPE commitments of up to $92.5 million to be raised post-announcement were to be deployed towards purchasing E-Scooters, E-Mopeds and E-Bikes
immediately upon receipt. 2. 2022E EBITDA adjusted for c.$17m of proposed De-SPAC related transaction fees. 3. Includes down payments made in Dec 2022 for vehicles purchased in 2023. 4. Net of one time transaction fees of $17m.
42View entire presentation