Marti Technologies, Inc. · AMEX:MRT
Marti Technologies — Investor Presentation (March 2025)
28 slides from Marti Technologies's investor presentation, Mar 3, 2025
Slide 1: Marti Investor Presentation February 2025
CAR - HAILING MOTORCYCLE - HAILING TAXI - HAILING E - BIKE E - MOPED E - SCOOTER FEBRUARY 2025 NYSE American: MRT
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation, together with other statements and information publicly disseminated by the Company, contains certain forward - looking statements within the meaning of Section 27 A of the Securities Act of 1933 , as amended, and Section 21 E of the Securities Exchange
Slide 3: Agenda: Investment Highlights
3 Investment Highlights The Opportunity Our Services Our Performance and Future Plans Who We Are 2025 Guidance Non - GAAP Reconciliations
Slide 4: Investment Highlights
4 1. McKinsey and Company’s Turkish Consumer Mobility Market Assessment from 2021 2. As of December 2024 3. Financial forecast as provided on December 2, 2024 Investment Highlights * #1 urban mobility app in Türkiye, operating in a large and under - developed transportation market, a $9 - 12 billion
Slide 5: Marti by the numbers
5 1. Number one urban mobility and ride - hailing app in Türkiye across iOS and Android, as measured by the total number of downloads among all apps in the urban mobility and ride/taxi - hailing/sharing category in FY 2024. Download figures based on data.ai (fka AppAnnie). Total app downloads as of
Slide 6: Marti financials
$ in millions $17.0 $25.0 $20.0 $16.6 $34.0 2021 2022 2023 2024E 2025E 6 1. Financial forecast as provided on December 2, 2024 Marti financials ($1.6) ($3.9) ($17.7) ($22.5) 2021 2022 2023 2024E 2025E Revenue > $25M Adj. EBITDA Ride - Hailing Investment Phase in the Absence of Monetization Ride - Ha
Slide 7: Agenda: The Opportunity
7 Investment Highlights The Opportunity Our Services Our Performance and Future Plans Who We Are 2025 Guidance Non - GAAP Reconciliations
Slide 8: Türkiye offers significant untapped mobility opportunities
8 Türkiye offers significant untapped mobility opportunities All of the top 20 world economies have an established mobility super app.
Slide 9: Türkiye mobility cost and congestion comparison
Türkiye U.S. France Min cost of owning a new car / Min monthly wage U.K. Chevrolet Spark 12x Dacia Sandero 7x Dacia Sandero 9x 9 Source: Statista, OECD, TomTom, Department for Transport UK, Paris Transport, MTA New York, WorldPopulationReview, Turkstat, İstanbul Büyükşehir Belediyesi, Hyundai Turkey
Slide 10: Ride-hailing annual revenue potential is $3 billion
10 Ride - hailing annual revenue potential is $3 billion Source: toddwschneider.com 1. New York City number of daily trips increased by 63% from January 2015 to October 2024. A similar growth trajectory is projected for Istanbul, with January 2025 as the baseline. 2. Uber Technologies, Inc., Q3 2024
Slide 11: Agenda: Our Services
11 Investment Highlights The Opportunity Our Services Our Performance and Future Plans Who We Are 2025 Guidance Non - GAAP Reconciliations
Slide 12: Marti solves Türkiye's mobility problems in a single super app
12 Marti solves Türkiye’s mobility problems in a single mobility super app Car - hailing Motorcycle - hailing Taxi - hailing Ride - hailing Only at - scale ride - hailing operator in Türkiye E - mopeds E - scooters E - bikes Two - wheeled Electric Vehicles The largest fleet in Türkiye Mobility Super
Slide 13: Ride-hailing, two-wheeled EVs, future extensions and AI platform
13 RIDE - HAILING huge topline and bottomline growth potential in light of global benchmarks with proven scale and profitability TWO - WHEELED ELECTRIC VEHICLES full range of micromobility solutions FUTURE EXTENSIONS into new business lines and geographies AI POWERED SCALABLE OPTIMIZATIONS with in -
Slide 14: Agenda: Our Performance and Future Plans
14 Investment Highlights The Opportunity Our Services Our Performance and Future Plans Who We Are 2025 Guidance Non - GAAP Reconciliations
Slide 15: Marti is the leading urban mobility app in Türkiye
15 Although the youngest player, Marti is the leading urban mobility app in Türkiye 1. Number one urban mobility and ride - hailing app in Türkiye across iOS and Android, as measured by the total number of downloads among all apps in the urban mobility and ride/taxi - hailing/sharing category in FY
Slide 16: Ride-hailing fast growth is exceeding targets
16 Marti's ride - hailing service’s fast growth is exceeding targets 1. The Company's ride - hailing targets are based on a number of assumptions that are subject to change and many of which are outside the control of the Company. If actual results vary from these assumptions, the Company's expectat
Slide 17: Numerous growth drivers for ride-hailing business
Continued organic growth in existing cities o Growing urban demand o Expanding number of drivers o Loyalty program incentives o Improved user experience Dynamic pricing o Demand - supply forecasting o Real - time fare adjustments o Optimizing match rates and revenue per trip Launch of new cities and
Slide 18: Operational efficiency in two-wheeled electric vehicle business
18 Marti is focused on operational efficiency in its two - wheeled electric vehicle business Operational efficiency projects decreased total cost of revenues by 35% y - o - y, despite managing a similarly sized fleet Operational developments o Operational efficiency projects produced a 35% year - ov
Slide 19: Operational efficiencies provided by Zoba acquisition
19 Marti is focused on operational efficiency in its two - wheeled electric vehicle business Daily rides per vehicle deployed Operational efficiencies provided by Zoba acquisition o In February 2024, we acquired all of the intellectual property and software assets of Zoba, the leading AI - powered S
Slide 20: Opportunities to expand beyond mobility and beyond Türkiye
20 Numerous opportunities to expand beyond mobility and beyond Türkiye Expansion into financial services in Türkiye o Parcel deliveries o Restaurant deliveries o Grocery deliveries o Initially in transportation o Organically o M&A using public company currency o Wallet 1 o Peer - to - peer transfers
Slide 21: Agenda: Who We Are
21 Investment Highlights The Opportunity Our Services Our Performance and Future Plans Who We Are 2025 Guidance Non - GAAP Reconciliations
Slide 22: Proven leadership with a track record of successful entrepreneurship
22 Proven leadership with a track record of successful entrepreneurship Daniel Freifeld Director Co - founder of hedge fund Callaway Capital Senior Advisor to Special Envoy at U.S. Department of State and Program coordinator at U.S. Department of Defense Oğuz Alper Öktem Founder, CEO, Director 3x en
Slide 23: Well-capitalized with backing from U.S. and European institutional investors
23 Well - capitalized to execute strategy, with backing from U.S. and European institutional investors
Slide 24: Agenda: 2025 Guidance
24 Investment Highlights The Opportunity Our Services Our Performance and Future Plans Who We Are 2025 Guidance Non - GAAP Reconciliations
Slide 25: Guidance
25 Guidance 1. The Company’s guidance, which is the financial forecast as provided on December 2, 2024, is based on a number of assumptions that are subject to change and many of which are outside the control of the Company. If actual results vary from these assumptions, the Company’s expectations m
Slide 26: Agenda: Non-GAAP Reconciliations
26 Investment Highlights The Opportunity Our Services Our Performance and Future Plans Who We Are 2025 Guidance Non - GAAP Reconciliations
Slide 27: Non-GAAP Reconciliations - Consolidated
27 Non - GAAP Reconciliations - Consolidated December 31, 2023 December 31, 2022 December 31, 2021 (in thousands $) (33,815) (14,246) (14,472) Net loss 10,045 9,097 5,473 Depreciation and amortization - - - - 888 Income tax expense (3,561) (2,567) (180) Financial income 6,773 1,932 4,712 Financial e
Slide 28: Marti Investor Relations
MARTI INVESTOR RELATIONS investor.relations@marti.tech
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