Embark Results Presentation Deck
CONSISTENT, FOCUSED AND DISCIPLINED BALANCE
SHEET MANAGEMENT
Financial Highlights
●
Asset-lite model enables
Embark to flex and focus the
spend without compromising
commercialization plans
. Efficient spend has been
consistent, in both good and
challenging market conditions
●
Focusing resources towards an
economically viable commercial
product remains a key
differentiator
. Team in place today to execute
the plan to commercialize in
2024
Adjusted Quarterly EBITDA(¹) less Capital Expenditures (²)
per Employee (3) (Represented in $000s)
EMBARK 2)
3)
$91.2
$100.7
Q3'21
$92.9
|||
Q4'21
Q1'22
1) As defined in non-GAAP reconciliations on slide 16.
As defined in non-GAAP reconciliations on slide 17.
Employees reflects an average of the employee count on the first and last date of each period. See non-GAAP reconciliations on slide 17.
Operational process improvements,
focused hiring and efficiencies
announced at Q2 earnings driving
improvements in spend per employee
$82.7
Q2'22
$85.6
Q3'22
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