Bird Investor Presentation Deck
Ride Profit to gross margin
BIRD
(in millions)
Gross margin
Vehicle depreciation (¹)
Vehicle count adjustments
Product Sales division (3)
(2)
Ride Profit (before Vehicle Depreciation)
Vehicle depreciation (1)
Ride Profit (after Vehicle Depreciation)
Three Months Ended June 30,
2021
2022
(13.3)
18.4
33.2
38.4
(18.4)
19.9
15.
12.4
(0.3)
27.9
(12.4)
15.5
Six Months Ended June 30,
2022
2021
1. We exclude vehicle depreciation as these costs are non-cash in nature. Vehicle depreciation excludes tariff depreciation adjustments, which were $0.0 million and $(0.3) million for the three and six months ended June 30, 2022, respectively, and
$(0.9) million and $(1.5) million for the three and six months ended June 30, 2021, respectively.
2. We exclude vehicle count adjustments as these are adjustments made based on results of physical inventory counts, which are non-cash in nature.
3.
We exclude the revenue and cost of revenue associated with vehicle sales to retail customers and Bird Platform partners. Product Sales division includes impairment of inventory and inventory deposits, which was $31.8 million for the three and six
months ended June 30, 2022.
(9.9)
27.7
0.6
33.1
51.4
(27.7)
23.7
17.8
18.0
(0.5)
0.2
35.6
(18.0)
17.5
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