Wheels Up Experience Inc. · NYSE:UP
Wheels Up Experience — Goldman Sachs Industrial & Materials Conference 2023
7 slides from Wheels Up Experience's conference presentation, May 10, 2023
Slide 1: Goldman Sachs Industrial & Materials Conference 2023
Goldman Sachs Industrial & Materials Conference 2023 May 10, 2023
Slide 2: Disclaimer
Disclaimer Cautionary statement regarding forward-looking statements This presentation contains certain “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are predictions, projections and other statements about future events that are based on c
Slide 3: Our plan to reach Adjusted EBITDA positive in 2024
Our plan to reach Adjusted EBITDA positive in 2024 Adjusted EBITDA positive in 2024 Breakeven Operational efficiencies (3) Expected mid-teens Adjusted 2022 Contribution Adjusted Pricing initiatives & Leverage network density Margin EBITDA program changes (2) with dynamic pricing Improve utility & ef
Slide 4: Revamping Member Programs to Focus on Network Density
Revamping Member Programs to Focus on Network Density WA MONTREAL MT ME Expected Customer Benefits ND OTTAWA BOZEMAN VT OR ID MN TORONTO NH SUN VALLEY WI SD NY MA • I mproved service JACKSON HOLE MILWAUKEE CT RI WY MI MADISON NJ IA PA • Better prices for most flying NE NV OH MD IN DE UT IL CO WV •F
Slide 5: Progress update
Progress update (1) INTERIM PROGRESS GOALS INITIATIVE STATUS (EXITING 2023) Ŋ Announced headcount reduction in Cost March 2023 Non-GAAP SG&A reductions Ŋ Evaluating additional cost reductions low teens % of revenue Ŋ Executing on plans to reduce fixed costs Ŋ Revamped programs to take advantage of n
Slide 6: Q&A
Q&A
Slide 7: Definitions of key metrics and non-GAAP financial measures
Definitions of key metrics and non-GAAP financial measures ACTIVE MEMBERS: We define Active Members as the ADJUSTED EBITDA: We calculate Adjusted EBITDA as net number of Connect, Core, and Business membership income (loss) adjusted for (i) interest income (expense), (ii) accounts that generated memb
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