Bird Investor Presentation Deck
Adjusted EBITDA to net loss
BIRD
(in millions)
(2)
Net loss
Interest expense, net
Provision for (benefit from) income taxes
(1)
Depreciation and amortization
Vehicle count adjustments
Stock-based compensation expense
Tariff refunds
Other (expense) income, net
Legal settlements and reserves
Impairment of product sales inventory
Impairment of assets
Other non-recurring, non-cash, or non-core items
Adjusted EBITDA
Three Months Ended September 30,
2021
(restated)
2022
(unaudited)
(9.8)
3.8
0.4
12.1
0.9
(10.3)
3.9
(1.7)
1.0
0.2
(42.1)
0.3
19.2
0.6
1.5
10.0
0.5
(9.9)
Nine Months Ended September 30,
2022
(unaudited)
2021
(restated)
(322.3)
7.8
0.5
41.2
1.5
82.0
(128.2)
(0.8)
31.8
215.8
2.5
(68.2)
(168.2)
5.0
0.1
39.7
0.2
4.3
60.1
1.9
(0.2)
(57.1)
1. Depreciation and amortization excludes tariff depreciation and other adjustments, which were $0.0 million and $(0.3) million for the three and nine months ended September 30, 2022, respectively, and $(0.6) million and $(2.1) million for the three and nine months ended September 30, 2021, respectively.
2. Reflects adjustments Sharing revenue of $4.3 million for the three months ended September 30, 2021, and $12.7 million and $10.1 million for the nine months ended September 30, 2022 and 2021, respectively.
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