Hyrecar Inc. · OTC:HYREQ
Hyrecar — Investor Presentation (September 2018)
26 slides from Hyrecar's investor presentation, Sep 4, 2018
Slide 1: The Carsharing Marketplace for Ridesharing - Investor Presentation
Fa a 7h The Carsharing Marketplace for Ridesharing A Y NASDAQ: HYRE Investor Presentation September 2018
Slide 2: Safe Harbor
Safe Harbor HyreCar This presentation contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. All statements other than historical facts are forward-looking statements, including without limitation, those regarding activities, events, financial result
Slide 3: Company Overview
Company Overview HyreCar HyreCar is a carsharing marketplace for ridesharing that allows car owners to rent their idle assets to rideshare drivers safely, securely and reliably o HYRE estimates that up to 40% of drivers who apply to a ridesharing service don’t own a qualifying vehicle o _ Unique abi
Slide 4: The HyreCar Marketplace Platform
The HyreCar Marketplace Platform & Drivers HyreCar Unique Marketplace Mechanism Connects Drivers with Vehicle Owners nt Sr a ae — Cai Owners / Vehicles UBER lyk @GZe 6 instacart Wy ie “SD DOORDASH Qt kRabbit ama vie * 6 as EsepRIEDrive juno amazon FLEX user GRUBHUB & Getaround TNCs Package Food Task
Slide 5: Vision: Mobility as a Service
Vision: Mobility as a Service HyreCar pat a ee ce aad <= Offline Service Vehicle Mobility-as-a-Service Vehicles Integration as a Service (MaaS) Intermodal mobility w/ different Private Vehicles Enhanced vehicle interfaces Ridesharing offerings and mobility schemes No online support Integration of lo
Slide 6: The Disrupted Establishment Needs Solutions
The Disrupted Establishment Needs Solutions HyreCar Disrupted Industries Gig Economy Players Insurance ines yen rfBdes @ essnane A UBER . 9 OEMs MiVEN [fy SO RA EP chariot A HyreCar U National Auto — (HaDA) AutoNation ° Ba NADA (Gewsxe) Rentals Hertz QE Avis BS instacart National HYRE NASDAQ
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Slide 8: The Rapidly Growing Rideshare Opportunity
The Rapidly Growing Rideshare Opportunity HyreCar Uber and Lyft are on-boarding +50,000 drivers a month “...30% of Lyft new driver applicants requested a vehicle in Chicago...the Boston (vehicle) program was fully subscribed in less than four days.” An estimated _. 40% of Uber and Lyft drivers need
Slide 9: Significant Addressable Market
Significant Addressable Market HyreCar Estimated Uber & Lyft Drivers by Category’ 8,000,008 HyreCar's estimated market Ea 4,500,000 penetration 1% » 5 $84 B 5 4:000.000 Ws @ Hyrecar Vehicles 3,500,000 ; ° 2 66.605 6.8% Rental Vehicles US Rideshare ag Senne se g aon eneae 2 a) p sanded a 9 Rental Mar
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Slide 11: HyreCar Competitive Advantages
HyreCar Competitive Advantages HyreCar Proprietary Insurance Scalable Platform Strategic Partnerships Limited Competition Monopoly on the insurance product MGA is the #1 insurer of taxi and limos in the US HYRE NASDAQ Platform enables rapid scaling into new markets No physical presence needed on the
Slide 12: HyreCar Revenue Model
HyreCar Revenue Model HyreCar HYRE NASDAQ 4 2) Revenue Example Rental rates vary across geo locations, driving Weekly Rental $2000 —» y holidays, and supply & demand dynamics Direct Insurance $91 Drivers pay $13/day for direct insurance as part of the upfront rental cost 10% HyreCar Fee $20 Gross Bi
Slide 13: Why Do Drivers Choose HyreCar?
Why Do Drivers Choose HyreCar? HyreCar HYRE NASDAQ Approximately 40% of Uber and Lyft driver applicants don’t have qualifying vehicles Pay-As-You-Go model doesn’t lock drivers into a long-term arrangement Unique insurance product fills gaps left by personal and ridesharing policies Drivers can get b
Slide 14: HyreCar's Traction
HyreCar’s Traction HyreCar Active in 34 States and D.C. Avg. Daily Active Rentals & Gross Billings Steadily Increasing’ 1068 (sjequey eanoy Ajleq “Bay) Q1 2017 Q22017 Q32017 Q42017 Q12018 Q22018 mami Avg. Daily Active Rentals «Gross Billings 14
Slide 15: Fleet Owners Provide Scalable Vehicle Supply
Fleet Owners Provide Scalable Vehicle Supply HyreCar Vehicle Owner Type Benefits Car Supply & Availability Individual Vehicle Owner Supplemental Income Passive Income Fate Y et, [tio |r | Jone — (qiADA) Mini Fleet Small Independents Used Car Dealers Business Transition AMERICAN CAR RENTAL ASSOCIATIO
Slide 16: Growth Drivers
Growth Drivers HyreCar Existing Fleet of Vehicles — Driver leads on the platform are outpacing A vehicles by 10-1. By simply servicing the leads our platform is currently generating, we believe we can grow revenues by 9x". 9. oo) foN Mergers & Acquisitions — Using the public company vehicle to roll-
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Slide 18: Select Financials
Select Financials * Q2 2018 revenue growth of 260% (YoY) ¢ Strong balance sheet with $11.9M from recent IPO (June 2018) * Scale will provide increased efficiencies with insurance premiums & insurance expenses, background checks, claims processing, and tech development $1.1M $0.1M 41,391% Gross Billi
Slide 19: Management Team and Board of Directors
Management Team and Board of Directors HyreCar Management Team Joe Furnari Abhi Arora Mike Furnari John Possumato CEO & CFO cTo CBDO President - a. 1 Commercial Division MorganStanley chavlesscuwas HYALT’ So DrivelbAway Board of P Directors \ } Joe Furnari Abhi Arora Grace Wang Brooke Skinner Andy B
Slide 20: Key Takeaways
Key Takeaways HyreCar Turnkey carsharing marketplace addresses the vehicle supply bottleneck currently facing the ridesharing space ° Allows vehicle owners to rent idle fixed assets to rideshare drivers, providing opportunities for dealerships, OEMS and fleet operators © Unique insurance product ins
Slide 21: Contact Us
Contact Us Investor Relations Contact: Ted Haberfield President — MZ North America HYRE@mzgroup.us www.mzgroup.us HYRE NASDAQ HyreCar Inc. 355 South Grand Avenue, Suite 1650 Los Angeles, CA 90071 Main: 888-688-6769 www.hyrecar.com HyreCar 21
Slide 22: Appendix
Appendix
Slide 23: Balance Sheet
Balance Sheet HyreCar HYRE NASDAQ Assets Current assets: Cash Accounts receivable Deferred offering costs Deferred expenses Other current assets Total currentassets Property and equipment, net Other assets Total assets Liabilities and Stockholders’ Deficit, Currentifabiliies: Accounts payable Accrue
Slide 24: Income Statement
Income Statement HyreCar (Unaudited) (Unaudited) (Unaudited) (Unaudited) Three Months ended Three Months ended Six Months ended —_—_Six Months ended June 30, 2018 June 30, 2017 June 30, 2018 June 30, 2017 Revenues $ 2,273,499 $ 631,244 $ 3,987,682 $ 136,569 Cost of revenues 1,196,547 559,026 2,487,4
Slide 25: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation HyreCar HYRE NASDAQ Net Loss (U.S. GAAP reported net loss) Add: Other (income) expense Add: Stock-based employee compensation (non-cash} Adjusted EBITDA (non-U.S. GAAP measure not recorded in financial statements) Three Months ended $ $ June 30, 2018 -5,042,285 1,872,6
Slide 26: Gross Billings Reconciliation
Gross Billings Reconciliation HyreCar Three Months ended June 30, 2018 Revenues (U.S. GAAP reported revenues} $ 2,273,499 Add: Refunds, rebates and deferred revenue 146,811 Add: Owner payments (not recorded in financial statements) 2.773.457 Gross billings (non-U.S. GAAP measure not recorded in fina