Lyft, Inc. · NASDAQ:LYFT
Lyft — Merger or Acquisition (April 2021)
16 slides from Lyft's merger presentation, Apr 26, 2021
Slide 1: Lyft Autonomous: Sale of Level 5 Self-driving Division to Woven Planet Holdings
Lyft Autonomous APRIL 26, 2021 Sale of Level 5 Self-driving Division to Woven Planet Holdings, Inc.
Slide 2: Transaction Overview / The Autonomous Transition
1 2 Transaction Overview The Autonomous Transition 2
Slide 3: Forward-Looking Statements & Non-GAAP Financial Measures
Forward-Looking Statements & Non-GAAP Financial Measures This presentation and the accompanying oral presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forwar
Slide 4: ● $100M in annualized non-GAAP net operating cost savings for Lyft ● Revenue related
● $100M in annualized non-GAAP net operating cost savings for Lyft ● Revenue related to commercial agreements ● Lyft expects to achieve Adjusted EBITDA profitability in Q3 20211 ● Approved by Lyft and Woven Planet Board of Directors ● Subject to regulatory approvals and customary and other closing c
Slide 5: The Autonomous Transition
The Autonomous Transition 5
Slide 6: The best way to commercialize AVs is through an existing transportation network
The best way to commercialize AVs is through an existing transportation network. THE POWER OF LYFT’S NETWORK 6
Slide 7: We've worked hard to make it look easy
Demand Supply Marketplace Platform Fleet Management 7 We’ve worked hard to make it look easy THE POWER OF LYFT’S NETWORK
Slide 8: What's in a transportation network
What’s in a transportation network Demand Supply Marketplace Platform Fleet Management Tens of Millions of Riders Pricing Dispatch Supply & Demand Forecasting Loyalty & Incentives Shared Rides Enterprise Mapping Real-Time Traffic Payment Identity Risk Customer Support Vehicle Service Centers Field O
Slide 9: Technology-enabled fleet management and operations deliver the lowest cost per mile
Technology-enabled fleet management and operations deliver the lowest cost per mile Winning AV THE POWER OF LYFT’S NETWORK Hybrid Network Marketplace Engine Fleet Management Combination of human drivers and autonomous vehicles unlocks the highest utilization and always available rides Real-time dema
Slide 10: Lyft's hybrid network of human drivers and AVs matches supply to demand
Lyft’s hybrid network of human drivers and AVs matches supply to demand dynamically in order to maximize market balance and utilization. This ensures AVs earn the highest revenue per vehicle and riders always have a ride. Hybrid Network An AV-only network is almost always under- or over-supplied, le
Slide 11: Address variable demand
Weekday Late Morning Demand Weekend Night Demand Address variable demand HYBRID NETWORK Demand can vary by as much as 10X over the course of a week, and variability is even greater with seasonality and holidays. 11A snapshot of demand in May 2019.
Slide 12: Marketplace Engine: Maximize revenue
All data are for the 3 years ending Jan 2020 except for pricing, which is based on experiments in 30 markets over 10 weeks ending Feb 2019. MARKETPLACE ENGINE Maximize revenue ETAs Accurate ETAs power smarter decisions across the marketplace – from dispatch to routing to pricing (35% improvement in
Slide 13: Marketplace Engine: Maximize revenue, 2x improvement
MARKETPLACE ENGINE Maximize revenue 2x improvement 13Chart shows Lyft quarterly revenue divided by quarterly rides completed using our platform, across all modes of transportation we offer that directly contribute to our revenue.
Slide 14: Fleet Management: Minimize cost
Fleet figure includes owned and third-party vehicles. Minimize cost FLEET MANAGEMENT To maximize economic returns for each vehicle, you need tech-enabled fleet management to drive more uptime and lower operating costs. We’re the only network in North America with these capabilities: 1 We operate a f
Slide 15: Together we win the AV Transition
Rider figure represents 2020 annual active riders. Driver figure represents 2020 annual active drivers. Total rides represents cumulative rides on the Lyft platform. Together we win the AV Transition PARTNERS DEPLOY ON THE LYFT NETWORK Over 2.5 billion rides with tens of millions of riders and a mil
Slide 16: 16
16