Bird SPAC Presentation Deck
Non-GAAP reconciliations
(in millions)
Gross Transaction Value
Contra Revenue
Platform Revenue Adjustment
Revenue
Product Sales Revenue
Sharing Revenue
Gross Profit
Vehicle Depreciation
Vehicle Count Adjustments
Net Impact of Product Sales Division
Ride Profit (before Vehicle Depreciation)
% of Sharing Revenue
Vehicle Depreciation
Ride Profit (after Vehicle Depreciation)
% of Sharing Revenue
Net Income
Net Interest (Income) / Expense
Income Tax
Depreciation & Amortization
Vehicle Count Adjustments
Stock Based Compensation
Vehicle Tariff Reimbursements
Adjusted EBITDA
% of Revenue
BIRD
FY2018A
$78.9
$(20.4)
$0.0
$58.5
$0.0
$58.5
$(212.1)
$112.5
$8.9
$0.0
$(90.7)
(155%)
$(112.5)
$(203.3)
(348%)
$(367.4)
$(1.6)
$0.0
$113.4
$8.9
$53.0
$0.0
$(193.8)
(331%)
Q1
$15.4
$(1.6)
$0.0
$13.8
$(0.6)
$13.2
$(44.6)
$24.3
$3.9
$1.4
$(15.0)
(113%)
$(24.3)
$(39.3)
(297%)
$(89.5)
$(0.5)
$0.0
$24.8
$3.9
$2.2
$0.0
$(59.1)
(428%)
Q2
$45.5
$(3.1)
$(0.4)
$41.9
$(1.8)
$40.2
$(42.7)
$30.0
$14.8
$1.0
$3.1
8%
$(30.0)
$(27.0)
(67%)
$(96.4)
$1.7
$0.0
$31.2
$14.8
$1.3
$0.0
$(47.4)
(113%)
FY2019A
Q3
$64.1
$(3.3)
$(0.5)
$60.3
$(3.2)
$57.1
$(15.7)
$31.4
$(6.9)
$2.1
$11.0
19%
$(31.4)
$(20.4)
(36%)
$(101.2)
$2.1
$0.0
$33.2
$(6.9)
$26.0
$0.0
$(46.8)
(78%)
Q4
$37.0
$(2.6)
$0.1
$34.5
$(4.5)
$30.0
$(32.7)
$26.5
$(2.1)
$5.8
$(2.5)
(8%)
$(26.5)
$(29.0)
(97%)
$(100.3)
$1.4
$0.2
$26.9
$(2.1)
$1.1
$0.0
$(72.8)
(211%)
FY
$162.0
$(10.7)
$(0.8)
$150.5
$(10.1)
$140.4
$(135.7)
$112.2
$9.8
$10.2
$(3.4)
(2%)
$(112.2)
$(115.7)
(82%)
$(387.5)
$4.7
$0.3
$116.1
$9.8
$30.6
$0.0
$(226.1)
(150%)
Note: Certain FY2019 amounts have been reclassed to conform with current period presentation. FQ2019 and FQ2020 figures are unaudited and unreviewed.
Q1
$23.9
$(2.4)
$(0.6)
$20.9
$(4.8)
$16.1
$(15.8)
$7.2
$(2.4)
$2.3
$(8.8)
(54%)
$(7.2)
$(15.9)
(99%)
$(69.5)
$1.8
$0.1
$10.6
$(2.4)
$2.3
$(23.2)
$(80.3)
(384%)
Q2
$13.0
$(0.7)
$(2.2)
$10.1
$(0.4)
$9.6
$(6.4)
$3.2
$(0.1)
$4.7
$1.5
15%
$(3.2)
$(1.8)
(18%)
$(50.3)
$1.7
$0.0
$5.7
$(0.1)
$1.2
$(1.4)
$(43.4)
(430%)
FY2020A
Q3
$49.1
$(4.5)
$(4.9)
$39.7
$(6.1)
$33.6
$0.6
$9.0
$4.4
$0.5
$14.6
44%
$(9.0)
$5.6
17%
$(44.3)
$1.5
$0.1
$11.1
$4.4
$1.2
$0.0
$(26.0)
(65%)
Q4
$29.5
$(3.3)
$(2.3)
$23.9
$(3.3)
$20.6
$(2.0)
$6.4
$3.6
$0.5
$8.6
42%
$(6.4)
$2.1
10%
$(44.2)
$1.6
$(0.1)
$8.0
$3.6
$1.4
$(0.3)
$(30.0)
(126%)
FY
$115.5
$(10.9)
$(10.0)
$94.6
$(14.7)
$79.9
$(23.5)
$25.8
$5.6
$8.1
$15.9
20%
$(25.8)
$(9.9)
(12%)
$(208.2)
$6.6
$0.1
$35.3
$5.6
$6.1
$(25.0)
$(179.6)
(190%)
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