Bird Investor Presentation Deck
Fleet Manager operating model paved the way for significant Sharing
gross margin improvement
Sharing gross margin (as % of Sharing revenue¹)
BIRD
100%
50%
0%
(50%)
(100%)
FY'2019
(9%)
(89%)
FY'2020
8%
(24%)
Q1'21
29%
5%
Q2'21
42%
19%
Q3'21
43%
14%
Q4'21
41%
7%
FY'2021
40%
13%
1. Reflects adjustments to Sharing revenue of $1.4 million for the three months ended March 31, 2021, $4.4 million for the three months ended June 30, 2021. $4.3 million for the three months ended September 30, 2021, $4.8 million for the
three months ended December 31, 2021, $2.6 million for the three months ended March 31, 2022, and $9.9 million for the three months ended June 30, 2022.
2. Margin improvements based on Sharing Gross Margin (after Vehicle Depreciation).
Q1'22
31%
2%
Q3 2022 vs Q3 2021: +22.8pp²
Sharing Gross Margin
Q2'22
45%
16%
Q3'22
54%
37%
Sharing gross margin before vehicle
depreciation (% of Sharing revenue)
Sharing gross margin after vehicle
depreciation (% of Sharing revenue)
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