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  "docId": "019de514-874b-771f-bd13-824c69031f52",
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  "documentTitle": "Bird | Investor Presentation Deck | 23 slides",
  "authorId": "bird",
  "authorName": "Bird",
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  "presentationDate": "2022-11-01 00:00:00",
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      "text": "Note: Rides per Deployed Vehicle Per Day is a key business metric.\n1. Net of sales tax, credits, discounts, refunds, disputes and failed payments; excludes Product Sales revenue.\n2. Ride Costs represents only Sharing-related costs.\n3. Reflects adjustments to Sharing revenue of $4.5 million for the fiscal year ended December 31, 2020, and $14.6 million for the fiscal year ended December 31, 2021.",
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      "text": "For every $10 earned\nFY2019\nFY2020 3\nFY20213\nRides per Deployed Vehicle per Day (\"RpD\") 2.5x COVID dampens demand 1.3x Ongoing COVID recovery 1.6x\nSharing revenue 1 $10.00 $10.00 $10.00\n(-) Ride costs 2 10.94 Reduced through the FM model 9.21 RpD increase maintains strong FM earnings 5.97\nSharing gross margin (before vehicle depreciation) $(0.94) $0.79 $4.03\n(-) Vehicle depreciation 7.99 Fully shifted to Bird-designed vehicles 3.15 Ongoing vehicle improvements 2.74\nSharing gross margin (after vehicle depreciation) $(8.93) $(2.36) $1.28\n% of Sharing gross margin (89)% (24)% 13%\n% Total gross margin (90)% (29)% 12%",
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      "kind": "title",
      "text": "5. Strong Unit Economics even with COVID backdrop",
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      "evidence": "table/data: For every $10 earned FY2019 FY2020 3 FY20213 Rides per Deployed Vehicle per Day (\"RpD\") 2.5x COVID dampens demand 1.3x Ongoing COVID recovery 1.6x Sharing revenue 1 $10.00 $10.00 $10.00",
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      "name": "Why Now",
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      "evidence": "Slide 18 discusses strong unit economics, implying why now is the right time for Bird's mission.",
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      "objective": "Why is now the right time for Bird's mission?",
      "structure": "The Context (Trends) -> The Trigger Event -> The Window of Opportunity",
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