Hyrecar Inc. · OTC:HYREQ
Hyrecar — Investor Presentation (August 2020)
13 slides from Hyrecar's investor presentation, Aug 27, 2020
Slide 1: The Car Sharing Marketplace for Ridesharing and Delivery
NASDAQ: HYRE August 2020 The Car Sharing Marketplace for Ridesharing and Delivery
Slide 2: Forward-looking statements
This presentation contains forward - looking statements, within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. All statements other than historical facts are forward - looking statements, including without limitation, those regarding activities, events, financial
Slide 3: Key Company Metrics
NOTES: 1) Closing Price as of August 21, 2020 2) Fiscal Year Ending December 31, 2019 3) Last Twelve Months Ending June 30, 2020 4) Fiscal Quarter Ending June 30, 2020 Key Company Metrics 3 HyreCar Inc. (NASDAQ: HYRE) Stock Price 1 $3.90 52 Week Trading Range 1 $0.88 - $4.18 Market Cap 1 $70M Shares
Slide 4: Connecting Drivers to All Gig Opportunities
T NC s Pac k ag e D eliver y Food D eliver y T a sks Lei su r e R e nt al s Dr ive r s Owners / Vehicles Connecting Drivers to All Gig Opportunities 4
Slide 5: Large Total Addressable Market (TAM)
Goldman Sachs research expects 13% year over year revenue growth in ridesharing through 2030 Lyft has 1.5 million drivers in the US and Canada (1) Uber is estimated 2.0 million drivers (1) - 2 4 6 8 10 12 2018 2019E 2020E 2021E 2022E 2023E 2024E 2025E 2026E 2027E 2028E 2029E Millions Rented Vehicles
Slide 6: Improved Competitive Position
Improved Competitive Position 6 Service Limitation No Limits Lyft & Uber Lyft Only Deposit $0 $200 $250 Available Markets All 50 states + DC 16 Cities Bought by Lyft Rental Length & Age Requirement Minimum 1 day rental, 21ysr+ Minimum 7 - day rental, 25yrs+ Minimum 7 day rental, 25yrs+ Average Weekl
Slide 7: Experienced Management Team and Board
M a n ag eme n t Team Board of D i r ec to r s Experienced Management Team and Board 7 Grace Mellis Ch airman Scott Brogi CFO Henry Park COO Chairman C E O Jay Vijayan Auto Technology Joe Furnari Joe Furnari CEO Mike Furnari CBDO Brian Allan Strategic Partnerships M e m be r Michael Root Brooke Skin
Slide 8: Three-Sided Revenue Model
Three - Sided Revenue Model 8 Daily Gross Revenue Example N ati on a l A vg D ail y R e n ta l R at e $36.00 Driver Fee $3.60 Daily Insurance Fee $13.00 Daily Gross Billing Paid by Drive r 1 $52.60 Opportunities for Margin Expansion: ● Reduction in direct insurance costs reduces COGS ● Addition of n
Slide 9: Growing Rental Days after Rebounding
9 Rental Days have now fully rebounded, following an early spring drop due to Covid Source: Compay Filings Growing Rental Days after Rebounding
Slide 10: Financial Highlights
Financial Highlights 10 ▱ Revenue CAGR of over 70% over the last two fiscal years ▱ Q2 2020 230,000 Rental Days and Net Revenue of $5.6 million ▱ Services mix balanced for both delivery and rideshare driving within Q2 ▱ Q3 2020 Net Revenue estimated at $6.2 - $6.5 million Dynamic Growing Platform Cl
Slide 11: Approaching Break-Even
Approaching Break-Even Target: Weekly Rental Days 30,000 x 13 Weeks per Quarter = Quarterly Rental Days 390,000 x $24.00 Daily Net Revenue = Quarterly Net Revenue $9,360,000 x 50% Gross Profit Margin
Slide 12: Contact Us
Investor Relations John Evans j.evans@HyreCar.com 415 - 309 - 0230 HyreCar Inc. Scott Brogi, CFO s c o tt@HyreCa r .c o m Contact Us 12
Slide 13: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non - GAAP Financial Measures 13 Reconciliation of Non - GAAP Financial Measures We use Adjusted EBITDA in conjunction with GAAP financial measures as part of our overall assessment of our performance, including the preparation of our annual operating budget and quarterly forecasts