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  "documentTitle": "Marti | Investor Presentation Deck | 24 slides",
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  "authorName": "Marti",
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  "presentationDate": "2024-09-01 00:00:00",
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      "kind": "source-note",
      "text": "3. Adjusted EBITDA is a non- GAAP metric and is calculated by adding depreciation, amortization, taxes, financial expenses (net of financial income) and one-time charges and non-cash adjustments to net income (loss).",
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      "text": "4. Adjusted EBITDA Margin is a non-GAAP metric and is calculated as Adjusted EBITDA divided by Revenue.",
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      "text": "2. G&A includes selling and marketing, other income/expense, and R&D expense.",
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      "text": "1. Revenue for our Two-wheeled Electric Vehicle Operations is the same as Consolidated Revenue given Marti does not currently enable payment over app or charge a fee for the Ride-hailing Service.",
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      "text": "1H 2023 1H 2024 Δ Comments Average Daily Vehicles Deployed 34,439 34,566 0.4% Similar fleet size. Average Daily Rides per Vehicle 1.24 0.79 (36)% Elevated inflation producing a decline in purchasing power. Average Revenue per Ride (USD) 1.23 1.69 38% Turkish Lira price increases in excess of currency depreciation against USD. Revenue¹ (USD, thousands) 9,485 8,409 (11)% Cost of Revenues, excl. Fleet Depreciation (USD, thousands) (8,734) (5,711) (35)% Optimizing field staff, repair and maintenance personnel, and logistics vehicle counts, launching on-field repairs, and increasing usage of refurbished electronic and spare parts. % of Revenue 92% 68% G&A² (USD, thousands) (6,360) (3,637) (43)% Optimizing team size and wages, and focus and time of management and central functions shifting away from two-wheeled electric vehicle operations towards ride-hailing. % of Revenue 67% 43% Adj. EBITDA³ (USD, thousands) (4,659) (210) (95)% Adj. EBITDA Margin⁴ (49)% (2)%",
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      "kind": "title",
      "text": "1H 2023 vs. 1H 2024 Two-wheeled Electric Vehicle Operations Financial Results",
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