Bird Investor Presentation Deck slide image

Bird Investor Presentation Deck

Strong Q2 financial results • Reported quarterly revenue of $77 million, up 28% YOY, driven by a 58% YoY increase in average deployed vehicles • Sharing gross margin as a percentage of revenue was 27%, steady relative to Q2 2021 BIRD (in millions, unless otherwise noted) Rides Avg. Rides per Deployed Vehicles per Day Average Deployed Vehicles (in thousands) Gross Transaction Value Revenue Gross Margin % of Revenue Sharing gross margin (before vehicle depreciation) % of Sharing Revenue Sharing gross margin (after vehicle depreciation) % of Sharing Revenue Adjusted OPEX² % of Revenue Adjusted EBITDA % of Revenue Q1 5 2.1x 27 $15 $14 Q2 11 2.7x 46 $45 2019A $42 Q3 16 2.9x 60 $64 $60 $(45) $(43) (323)% S(19) $(12) (143)% (29)% S(43) $(42) $(14) (327)% (104)% (24)% S(43) $(49) $(57) (311)% (118)% (95)% $(59) S(47) $(49) (429)% (113)% (81)% $(16) (102)% (26)% $18 31% 04 8 2.1x 41 $37 $35 $(33) (95)% $(0) (1)% $(27) (90)% $(65) (188)% $(73) (212)% Q1 4 1.6x 28 $23 $20 92 2 1.4x 18 $13 $10 $(6) (60)% $(17) (82)% $(6) (39)% $(14) $(2) (84)% (18)% $(66) $(40) (327)% (382)% $(78) $(43) (385)% (414)% $2 2020A 16% Q3 8 1.6x 52 $50 $40 $1 3% $10 30% $1 3% $(42) (105)% $(28) (69)% ● Ended Q2 with total cash, cash equivalents, and restricted cash and cash equivalents of $105 million, an increase of $35 million since the end of Q1 ● As of June 30, 2022, $24 million of undrawn capacity under the Apollo vehicle financing facility and up to $100 million of equity financing available under the standby equity purchase agreement Q4 5 0.9x 53 $29 $24 $(2) (8)% $5 24% $(1) (7)% S(36) (152)% $(28) (117)% Q1 4 1.1x 47 $31 $26 $2 8% S8 36% $2 10% $(37) (144)% $(29) (115)% Q2 11 1.8x 69 $71 $60 $16 26% $28 50% $16 28% $(39) (65)% S(12) (19)% 2021A Q3 15 2.1x 79 $80 $65 $13 21% $31 49% $13 21% $(37) (56)% S(5) (7)% Q4 9 1.3x 79 $60 $54 $8 15% $21 %687 $7 17% $(46) (85)% $(21) (39)% Q1 8 1.0x 79 $43 $38 $3 9% $12 37% $3 10% 2022A Q2 15 1.5x 110 $86 $77 $(13) (17)% $38 53% $20 27% $(50) $(56) (132)% (73)% $(19) $(37) (97)% (25)% 2019A FY 40 2.5x 44 $162 $151 $(136) (90)% $(13) (9)% $(125) (89)% $(215) (143)% $(228) (152)% 2020A FY 18 1.3x 38 $115 $95 $(24) (25)% $10 13% S(16) (19)% $(184) (195)% $(176) (186)% 2021A FY 40 1.6x 69 $242 $205 $39 19% $89 47% $39 21% $(159) (77)% S(67) (33)% Note: Rides, Average Rides per Deployed Vehicle Per Day, Average Deployed Vehicles (in thousands), and Gross Transaction Value are key business metrics. Adjusted EBITDA is a non-GAAP metric. See "Non-GAAP Financial Measures and Key Metrics" for additional information and see "Appendix" for a reconciliation to the nearest comparable GAAP metric.
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