TIMELINE

2011
Investment Benchmark $ 11,000,000
Investor valuation $ 60,000,000

2013
Value May 2013 $ 330,000,000
Value later than 2013 $ 3,000,000,000
Gross annual income $ 500,000,000
Net income $ 100,000,000

2014
Value summer 2014 $ 18,000,000,000
Net income $ 400,000,000

2015
Drivers net commission $ 1,500,000,000 $ 2,000,000,000
More than a million drivers
It operated in 60 countries and 330
cities.
Investor valuation $ 51,000,000,000
Total accumulated collections $ 8,000,000,000
 INITIAL INVESTMENT

Renault Duster price $43,500,000 $ 21,750,000 Only 50% is financed

Vehicle sale year 2022 $ 10,000,000

OPERATING COSTS
Gasoline price per gallon $ 8,200
Kilometers per gallon 40
Gasoline price per kilometer $ 205
Total number of kilometers per year $ 64,000
Gasoline price per year $ 13,120,000

Maintenance for every 15000 km $ 75,000

Maintenance per year $ 320,000

Tire change every 30,000 km $ 1,200,000

I change tires per year $ 2,560,000

Snacks a week $ 60,000

weeks in a year 52
Snacks per year $ 3,120,000

soat value per year $ 300,000

monthly vehicle insurance $ 280,000

vehicle insurance per year $ 3,360,000

Bearing taxes $ 500,000

Uber commission (20%) $ 29,164,157

INCOME

1 to 15 hours/week 161 or 34 35 to 49
Earnings Earnings Earnings Q
Percent of per hour Percent of per hour Percent of per hour
drivers drivers drivers d
UberBlack 29% $20.87 32% $20.85 19% $21 67
uberx 55% $16.89 30% $18.08 10% $18.31
Hours per week 42
Earnings per hour 2014
$ 18.31 USD
$ 54,930 COP
Earnings per week 2014 $ 2,307,060
Profits per year 2014 $ 119,967,120
Profits per year 2018 $ 145,820,784
OTHER IMPORTANT DATA

Inflation 5%
Vehicle credit rate annually
Discount rate 16.77% EA
13.90%
 Over 50
Earnings
ercent of per hour
rivers
20% $20.76
5% $17.13
to)
Investment / Final Occasional gain
Month sale Earnings expense
December - 43,500,000.00
2017January 145,820,784.15
2018
January 153,111,823.36
2019
January 160,767,414.53
2020
January 168,805,785.26
2021
January $ 10,000,000 177,246,074.52 -$ 3,300,000
2022
b)
Investment / Final Occasional gain
Month sale Earnings expense
December - 43,500,000.00
2017 Year 145,820,784.15
January 153,111,823.36
2019
January 160,767,414.53
2020
January 168,805,785.26
2021
January $ 10,000,000 177,246,074.52 -$ 3,300,000
2022
Credit /
Gasoline Maintenance Tires Snacks Soat
Installments

- 5,791,177.75 - 13,120,000.00 - 320,000.00 - 2,560,000.00 - 3,120,000.00 - 300,000.00

- 5,791,177.75 - 13,776,000.00 - 336,000.00 - 2,688,000.00 - 3,276,000.00 - 315,000.00
- 5,791,177.75 - 14,464,800.00 - 352,800.00 - 2,822,400.00 - 3,439,800.00 - 330,750.00
- 5,791,177.75 - 15,188,040.00 - 370,440.00 - 2,963,520.00 - 3,611,790.00 - 347,287.50
- 5,791,177.75 - 15,947,442.00 - 388,962.00 - 3,111,696.00 - 3,792,379.50 - 364,651.88

Credit /
Gasoline Maintenance Tires Snacks Soat
Installments

- 5,791,177.75 - 13,120,000.00 - 320,000.00 - 2,560,000.00 - 3,120,000.00 - 300,000.00

- 5,791,177.75 - 13,776,000.00 - 336,000.00 - 2,688,000.00 - 3,276,000.00 - 315,000.00
- 5,791,177.75 - 14,464,800.00 - 352,800.00 - 2,822,400.00 - 3,439,800.00 - 330,750.00
- 5,791,177.75 - 15,188,040.00 - 370,440.00 - 2,963,520.00 - 3,611,790.00 - 347,287.50
- 5,791,177.75 - 15,947,442.00 - 388,962.00 - 3,111,696.00 - 3,792,379.50 - 364,651.88
 If you would invest in the project, it is very profitable
VPN $255,246,439.32
IRR 205.8%
TOTAL OPERATION
Sure Taxes Uber commission COSTS TOTAL INCOME

- 43,500,000.00
- 3,360,000.00 - 500,000.00 - 29,164,156.83 - 58,235,334.58 145,820,784.15
- 3,528,000.00 - 525,000.00 - 30,622,364.67 - 60,857,542.42 153,111,823.36
- 3,704,400.00 - 551,250.00 - 32,153,482.91 - 63,610,860.65 160,767,414.53
- 3,889,620.00 - 578,812.50 - 33,761,157.05 - 66,501,844.80 168,805,785.26
- 4,084,101.00 - 607,753.13 - 35,449,214.90 - 72,837,378.15 187,246,074.52

VPN ($12,061,791.27)
IRR 213.6%
TOTAL OPERATION FREE CASH FLOW
Taxes Uber commission COSTS TOTAL INCOME

- 43,500,000.00 - 43,500,000.00
- 500,000.00 - 29,164,156.83 - 54,875,334.58 145,820,784.15 90,945,449.58
- 525,000.00 - 30,622,364.67 - 57,329,542.42 153,111,823.36 95,782,280.94
- 551,250.00 - 32,153,482.91 - 59,906,460.65 160,767,414.53 100,860,953.88
- 578,812.50 - 33,761,157.05 - 62,612,224.80 168,805,785.26 106,193,560.46
- 607,753.13 - 35,449,214.90 - 68,753,277.15 187,246,074.52 118,492,797.37
 If you would invest in the project, it is very
profitable
VPN $253,910,504.97
IRR 377.2%
FREE CASH FLOW Debt Interest INVESTOR CASH
Amortization TOTAL DEBT FLOW
- 43,500,000.00 21,750,000.00 21,750,000.00- 21,750,000.00
87,585,449.58 - 3,647,475.00 - 3,114,883.25 - 6,762,358.25 80,823,091.32
92,254,280.94 - 3,125,109.08 - 3,637,249.18 - 6,762,358.25 85,491,922.69
97,156,553.88 - 2,515,142.39 - 4,247,215.86 - 6,762,358.25 90,394,195.62
102,303,940.46 - 1,802,884.29 - 4,959,473.96 - 6,762,358.25 95,541,582.21
114,408,696.37 - 971,180.51 - 5,791,177.75 - 6,762,358.25 107,646,338.12

VPN $416,397,129.96
IRR 190.5%
INVESTOR CASH
Debt Interest Amortization Sure TOTAL DEBT FLOW
- - - 43,500,000.00
- 3,647,475.00 - 3,114,883.25 - 3,360,000.00 - 10,122,358.25 80,823,091.32
- 3,125,109.08 - 3,637,249.18 - 3,528,000.00 - 10,290,358.25 85,491,922.69
- 2,515,142.39 - 4,247,215.86 - 3,704,400.00 - 10,466,758.25 90,394,195.62
- 1,802,884.29 - 4,959,473.96 - 3,889,620.00 - 10,651,978.25 95,541,582.21
- 971,180.51 - 5,791,177.75 - 4,084,101.00 - 10,846,459.25 107,646,338.12
Hours per week 10
Earnings per hour 2014 $ 18.31 USD
$ 54,930 COP
Earnings per week 2014 $ 549,300
Profits per year 2014 $ 28,563,600
Profits per year 2018 $ 34,719,234.32

Uber commission (20%) $ 6,943,846.86

Investment / Final Occasional gain

Month sale Earnings expense
December 2017 - 43,500,000.00
January 34,719,234.32
2018
January 36,455,196.04
2019
January 38,277,955.84
2020
January 40,191,853.63
2021
January $ 10,000,000 42,201,446.31 -$ 3,300,000
2022
Credit /
Gasoline Maintenance Tires Snacks Soat
Installments

- 5,791,177.75 - 13,120,000.00 - 320,000.00 - 2,560,000.00 - 3,120,000.00 - 300,000.00

- 5,791,177.75 - 13,776,000.00 - 336,000.00 - 2,688,000.00 - 3,276,000.00 - 315,000.00
- 5,791,177.75 - 14,464,800.00 - 352,800.00 - 2,822,400.00 - 3,439,800.00 - 330,750.00
- 5,791,177.75 - 15,188,040.00 - 370,440.00 - 2,963,520.00 - 3,611,790.00 - 347,287.50
- 5,791,177.75 - 15,947,442.00 - 388,962.00 - 3,111,696.00 - 3,792,379.50 - 364,651.88
 VPN
IRR
Uber TOTAL OPERATION
Sure Taxes COSTS TOTAL INCOME
commission
- 43,500,000.00
- 3,360,000.00 - 500,000.00 6,943,846.86 - 22,127,330.88 34,719,234.32
- 3,528,000.00 - 525,000.00 7,291,039.21 - 22,944,138.54 36,455,196.04
- 3,704,400.00 - 551,250.00 7,655,591.17 - 23,801,786.58 38,277,955.84
- 3,889,620.00 - 578,812.50 8,038,370.73 - 24,702,317.02 40,191,853.63
- 4,084,101.00 - 607,753.13 8,440,289.26 - 28,947,873.98 52,201,446.31
 $7,989,601.29 VPN $6,653,666.94
21.5% IRR 25.3%

FREE CASH FLOW Debt Interest INVESTOR CASH

Amortization TOTAL DEBT FLOW
- 43,500,000.00 21,750,000.00 21,750,000.00 - 21,750,000.00
12,591,903.44 - 3,647,475.00 - 3,114,883.25 - 6,762,358.25 5,829,545.19
13,511,057.50 - 3,125,109.08 - 3,637,249.18 - 6,762,358.25 6,748,699.25
14,476,169.26 - 2,515,142.39 - 4,247,215.86 - 6,762,358.25 7,713,811.01
15,489,536.61 - 1,802,884.29 - 4,959,473.96 - 6,762,358.25 8,727,178.36
23,253,572.33 - 971,180.51 - 5,791,177.75 - 6,762,358.25 16,491,214.08
 Investment / Final Occasional gain
Month sale Earnings expense
December 2017 - 43,500,000.00
January 145,820,784.15
2018
January 153,111,823.36
2019
January 160,767,414.53
2020
January 168,805,785.26
2021
January $ 10,000,000 177,246,074.52 -$ 3,300,000
2022
Credit /
Gasoline Maintenance Tires Snacks Soat
Installments

- 5,791,177.75 - 13,120,000.00 - 320,000.00 - 2,560,000.00 - 3,120,000.00 - 300,000.00

- 5,791,177.75 - 13,776,000.00 - 336,000.00 - 2,688,000.00 - 3,276,000.00 - 315,000.00
- 5,791,177.75 - 14,464,800.00 - 352,800.00 - 2,822,400.00 - 3,439,800.00 - 330,750.00
- 5,791,177.75 - 15,188,040.00 - 370,440.00 - 2,963,520.00 - 3,611,790.00 - 347,287.50
- 5,791,177.75 - 15,947,442.00 - 388,962.00 - 3,111,696.00 - 3,792,379.50 - 364,651.88
 If you would invest in the project, it is very profitable
VPN $255,246,439.32
IRR 205.8%
TOTAL OPERATION
Sure Taxes Uber commission COSTS TOTAL INCOME

- 43,500,000.00
- 3,360,000.00 - 500,000.00 - 29,164,156.83 - 58,235,334.58 145,820,784.15
- 3,528,000.00 - 525,000.00 - 30,622,364.67 - 60,857,542.42 153,111,823.36
- 3,704,400.00 - 551,250.00 - 32,153,482.91 - 63,610,860.65 160,767,414.53
- 3,889,620.00 - 578,812.50 - 33,761,157.05 - 66,501,844.80 168,805,785.26
- 4,084,101.00 - 607,753.13 - 35,449,214.90 - 72,837,378.15 187,246,074.52
 If you would invest in the project, it is very
profitable
VPN IRR $214,383,174.66
175.2%
FREE CASH FLOW Debt Interest INVESTOR CASH
Amortization TOTAL DEBT FLOW
- 43,500,000.00 - 43,500,000.00
87,585,449.58 - 7,294,950.00 - 6,229,766.51 - 13,524,716.51 74,060,733.07
92,254,280.94 - 6,250,218.16 - 7,274,498.35 - 13,524,716.51 78,729,564.44
97,156,553.88 - 5,030,284.78 - 8,494,431.72 - 13,524,716.51 83,631,837.37
102,303,940.46 - 3,605,768.58 - 9,918,947.92 - 13,524,716.51 88,779,223.95
114,408,696.37 - 1,942,361.02 - 11,582,355.49 - 13,524,716.51 100,883,979.86
and)

Investment / Final Occasional gain

Month sale Earnings expense
December 2017 - 43,500,000.00
January 145,820,784.15
2018
January 153,111,823.36
2019
January 160,767,414.53
2020
January 168,805,785.26
2021
January $ 10,000,000 177,246,074.52 -$ 3,300,000
F) 2022

1) For 2018, Uber offers more services to the market, such as Uber pool, which has a lower projection
taking into account the probability that a certain number of trips will be made on the day.
2) In Colombia, the Uber platform is not covered within the legal transit framework, so within the
projection there must be a value for unforeseen events like these.
Credit /
Gasoline Maintenance Tires Snacks Soat
Installments

- 5,791,177.75 - 13,120,000.00 - 320,000.00 - 2,560,000.00 - 3,120,000.00 - 300,000.00

- 5,791,177.75 - 13,776,000.00 - 336,000.00 - 2,688,000.00 - 3,276,000.00 - 315,000.00
- 5,791,177.75 - 14,464,800.00 - 352,800.00 - 2,822,400.00 - 3,439,800.00 - 330,750.00
- 5,791,177.75 - 15,188,040.00 - 370,440.00 - 2,963,520.00 - 3,611,790.00 - 347,287.50
- 5,791,177.75 - 15,947,442.00 - 388,962.00 - 3,111,696.00 - 3,792,379.50 - 364,651.88

arifas. Taking into account Uber pool is cheaper, customers prefer it, which is why this service is owed.
Furthermore, Uber drivers are constantly exposed to receiving sanctions (e.g. fines and immobilization).
 If you would invest in the project, it is very profitable
VPN $168,204,542.24
IRR 144.3%
TOTAL OPERATION
Sure Taxes Uber commission Driver COSTS
- 43,500,000.00
- 3,360,000.00 - 500,000.00 - 29,164,156.83 - 26,400,000.00 - 84,635,334.58
- 3,528,000.00 - 525,000.00 - 30,622,364.67 - 27,720,000.00 - 88,577,542.42
- 3,704,400.00 - 551,250.00 - 32,153,482.91 - 29,106,000.00 - 92,716,860.65
- 3,889,620.00 - 578,812.50 - 33,761,157.05 - 30,561,300.00 - 97,063,144.80
- 4,084,101.00 - 607,753.13 - 35,449,214.90 - 32,089,365.00 - 104,926,743.15

would like to do the

on the car).
 If I would invest in the project, it is very
profitable
VPN IRR $166,868,607.90
255.9%
FREE CASH FLOW Debt Interest INVESTOR CASH
TOTAL INCOME Amortization TOTAL DEBT FLOW
- 43,500,000.00 21,750,000.00 21,750,000.00 - 21,750,000.00
145,820,784.15 61,185,449.58 - 3,647,475.00 - 3,114,883.25 - 6,762,358.25 54,423,091.32
153,111,823.36 64,534,280.94 - 3,125,109.08 - 3,637,249.18 - 6,762,358.25 57,771,922.69
160,767,414.53 68,050,553.88 - 2,515,142.39 - 4,247,215.86 - 6,762,358.25 61,288,195.62
168,805,785.26 71,742,640.46 - 1,802,884.29 - 4,959,473.96 - 6,762,358.25 64,980,282.21
187,246,074.52 82,319,331.37 - 971,180.51 - 5,791,177.75 - 6,762,358.25 75,556,973.12
ble