Marti Results Presentation Deck
Business plan projections vs Actual Q3 2022
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) ¹
Adj. EBITDA Margin
Q3 2022 E
30,692
3.53
0.90
8,937
(4,064)
45%
(2,427)
27%
2,538
28%
Q3 2022 A
36,176
3.10
0.87
8,943
(4,778)
53%
(2,804)
31%
1,483
17%
A
18%
(12)%
(3)%
0%
18%
16%
(42)%
Comments
↑ E-bike deployment completed ahead of schedule.
New modality launches in new cities, following Istanbul.
✓ Effect of Turkish Lira devaluation, offset by price increases.
↓ Price increase in mid-September trails wage increase in July. Distinct teams for each modality have yet to
be consolidated.
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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