KPI February update from OmniCar – revenue (including service contract revenue) up 15% compared to January 2021

During the last weeks of February, we have seen levels above of those that we were expecting to reach in the end of 2021 - however, it is too early to say if we can maintain this high level over the next few month.

In addition to our normal business activities, during the month of February, our service agreements were made available to our customers on the private side and we managed to sell SEK 110.000 worth of service agreements in a short period of time. We will keep expanding and making our services available to a broader market as time passes.

The Danish government has eased the COVID-19 related lockdowns a bit and will continue to do so the upcoming weeks and months. We have a very strong pipeline going into March and we expect to improve all KPI:s during March.

KPI Milestones during February 2021:

• Despite COVID-19 restrictions with 90% decline in car sales and a 50% decline in car service-related Google searches in Denmark, we managed to keep the average transaction/basket size at SEK 2.679 per customer during February 2021. During the last of week of February, the transaction/basket size peaked at SEK 4.030.
   
• During February, the number of customers, per day, per mobile workshop amounted to 3,5. The corresponding number in January 2021 amounted to 3,5.
   
• Advertising cost per acquired customer amounted to SEK 711.
   
• Gross margin for the whole month of February amounted to 66%.
   
• Revenue for February was up 15% (incl. service agreements sold) compared to January.

For further information, please contact

Claus T. Hansen

CEO
cth@omnicar.dk

---