IQHQ Appoints Janice Sears and Anshul Mangal as Independent Members to its Board of Dir.. Burberry Names Chief Officers for E-commerce/Digital, Merchandising, Burberry adds digital, merchandising chiefs to executive team, Sonder Holdings Inc. : Change in Directors or Principal Officers (form 8-K). A SPAC raises money from investors through an initial public offering and then uses the cash to acquire a private company and take it public. Required fields are marked *. 2023 Distributed by Public, unedited and unaltered, on 10 August 2022 21:08:00 UTC. Revenue growth will be achieved by a combination of supply growth and RevPAR growth. Investor Contact Meredith Kaya (617) 599-8178 meredith.kaya@apellis.com. It appears that you have an ad-blocker running. By providing 24/7 guest support, self-check-in, stocked kitchens, crisp linens, and everyday amenities, Sonder ensures a unique, yet consistent experience. Sonder has multiple offices across the globe, with Hub cities in Denver, San Francisco, Montreal and London/Amsterdam. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Officially launched in 2014 and headquartered in San Francisco, Sonder is making a world of better stays open to all with a variety of accommodation options from rooms to suites and apartments found in 40+ cities spanning ten countries and three continents. However, Sonder's definitions may differ from the definitions used by other companies and therefore comparability may be limited. This enables Sonder to become an integral part of the community. Use this banker system to make startup emails work for your team, Ask dumb questions. Stocks - Flora Growth. Takeaway: Given industry multiples and Sonder's growth rate, Sonder's valuation seems like the deal of a lifetime. Looks like youve clipped this slide to already. An investor presentation provides a clear, concise yet informative overview of your business to potential investors. Oops! However known and unknown risks and uncertainties may cause actual results to materially differ from what is expressed in such statements. Accordingly, a reconciliation of the non-GAAP financial measure guidance to the corresponding GAAP measure is not available without unreasonable effort. Thank you! Sonder is showing projected metrics for 2025 that want to match its promises of an upscale positioning at a compelling price point ($220 ADR), great demand generation (77% occupancy), and contained real-estate and operating costs (32% margin on property level). To keep up, drop us a line - we'd love to hear from you! Uploaded by Lewis. When used in this presentation, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "proposed," "guidance," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. How about a sneak peek at Sonders 2021 investor slide deck? We've encountered a problem, please try again. Investor Presentation. It covers key points of your business such as your vision, market opportunity, products and services, high-level financials and funding needs. Free Cash Flow ("FCF") is defined as our cash provided by (used in) operating activities plus any changes to capital expenditures and internally developed software, both of which are included in cash provided by (used in) investing activities, excluding the impact of restructuring charges, if any. Top 10 slides from Sonder's 2021 investor presentation, as company prepares to go public at a $2.2 billion value | Rental Scale-Up Thibault Masson Thibault is the founder of Rental Scale-Up. The company's Sonder app gives guests self-service features, simple check-in, and 24/7 on-the-ground support, amenities, and services. Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. At a time when the coronavirus pandemic has . Launched in 2014 and headquartered in San Francisco, Sonder provides a variety of accommodation options - from spacious rooms to fully-equipped suites and apartments - found in over 35 markets spanning ten countries and three continents. Whether your stay is two days, two months or two years, in a studio or a six-bedroom, Sonder ensures a unique, yet consistent experience. View this Presentation PDF Format Download (opens in new window) . 1Q22 Shareholder Letter. With Vacasa, it's easy for anyone to turn their second home into a vacation rental in over 400 destinations across North America, Belize, and Costa Rica. www.HelpWriting.net This service will write as best as they can. The company wants to show that it can offer equivalent or better service level at a lower cost thanks to tech and automation. About Tritium. Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. In 2019, Sonder shared the Series D deck that it had used to raise $225M in funding. Heres what Sonder offers to its stakeholders: Sonder is not going public through an IPO as Airbnb did. Sonder's pre-SPAC merger investor presentation outlined the narrative and future of Sonder with surprising transparency. Investor Presentation > Latest Q3 2022 Earnings Release. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-T9S432" height="0" width="0" style="display:none;visibility:hidden"></iframe> 11, 2019 120 likes 116,006 views Download Now Download to read offline Travel Building the next generation hospitality brand with $225 million in new funding. In the deck, the company shares its plans to expand to Asia by 2025. 9.01 - Financial Statements and Exhibits. Sonder is transforming the future of hospitality. Q3 2022 Earnings Transcript 262.5 KB. In essence, Sonder is a hotel-quality room without the commercial feel of a hotel. The companies estimate that Sonder will obtain $650 million USD in cash proceeds from the deal, which will increase the company's enterprise value to $2.2 billion. 02/28/2023 11:00 AM ET. Sonder is revolutionizing hospitality through innovative, tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamless managed experience. It could also be due to marketing cuts forcing the company to focus on cheaper channels and direct traffic. For more information, contact opendata@sec.gov. check out the ultimate pitch deck collection here! According to Sonder, they sign multi-year fixed leases, mixed leases, or revenue shares as the anchor or sole tenant in your current properties and development projects, increasing NOI (Net Operating Income), accelerating lease-ups, and helping de-risk cash flow. Skip to main navigation . Free tools and resources like this shipped to you as they happen. Sonder valuation as of 10/28/2021 and projections as of Q3 2021. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. This is in contrast to Airbnb, which acts as a marketplace between guests and hosts, neither leasing or owning any property. This recognizes the economic substance of the payment to real estate owners as reflected in the real estate contract (e.g., if Sonder's Takeover Date, the date on which Sonder receives the keys and is able to begin opening the building, was January 1, 2021 and it had three months of abatement at the beginning of the real estate contract, the Landlord Payments for the building in the first quarter of 2021 would be $0). Sonder believes that these non-GAAP financial measures are useful in evaluating its operating performance, and may assist investors in comparisons with other companies, some of which use similar non-GAAP financial information to supplement their GAAP results. Your submission has been received! Sonder's system is simple, easy, streamlined, and centralized. This presentation (the "Presentation") contemplates a business combination (the "Transaction") involving Forest Road Acquisit ion Corp. ("FRX"), Beachbody, LLC ("Beachbody") and . Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. Launched in 2014 and headquartered in San Francisco, Sonder provides a variety of accommodation options - from spacious rooms to fully-equipped suites and apartments - found in over 35 markets spanning ten countries and three continents. It could be that bookings from OTAs like Airbnb and Booking.com were canceled by force majeure and that Sonders direct bookings were not. Occupancy Rate ("OR") is defined as Occupied Nights divided by Bookable Nights, expressed as a percentage. 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Sonder forecasts their 2025 GAAP revenue to grow to a whopping $4B at a 103% CAGR (2020-2025). According to the report, the value represents a 3.6 times increase in Sonder's projected revenue for 2022. To view our website, you These risks, uncertainties, assumptions and other important factors include, but are not limited to: potential negative impacts on Sonder's financial results as a result of changes in travel, hospitality, real estate and vacation markets, including the possibility that travel demand and pricing do not recover to the extent anticipated, particularly in the current geopolitical and macroeconomic environment; potential inability to negotiate satisfactory leases or other arrangements to operate new properties, onboard new properties in a timely manner, or renew or replace existing properties on attractive terms, and the possibility of lease terminations prior to scheduled expirations; possible delays in real estate development and construction projects related to Sonder's leases, or other delays in generating revenues from new properties; the possibility that Sonder may not benefit from any market recovery to the extent it anticipates; risks and uncertainties associated with Sonder's recently announced Cash Flow Positive Plan, including the possibility that Sonder will not realize the anticipated cost savings, capital-light signings or cash flow improvements or will need to engage in additional fundraising, and the risk that the plan will adversely affect employee retention, effectiveness and hiring or other aspects of Sonder's business; the possibility that Sonder will be unable to effectively manage its growth; potential delays or difficulties introducing new or upgraded amenities, services or features, including enhancements to the Sonder app; the possibility that new RevPAR initiatives will not achieve the desired results and that future pricing and/or occupancy will be lower than anticipated; the possibility of higher than expected capital expenditures, property-related costs or other operating expenses and unanticipated conditions or incidents at leased properties; risks associated with Sonder's relationships with and reliance upon real estate owners, OTAs and other third parties, and their performance of their obligations; changes in applicable laws or regulations, including legal, tax or regulatory developments, and the impact of any litigation or other legal or regulatory proceedings; possible delays in sustainability initiatives; the possibility that Sonder may be adversely affected by other economic, business and/or competitive factors, including the additional risks associated with operating internationally; risks related to the impact of the ongoing COVID-19 pandemic, including the Omicron variant or future variants and further governmental and other restrictions (including travel restrictions) resulting therefrom; and other risks and uncertainties described under the heading "Risk Factors" in Sonder's most recent Quarterly Report on Form 10-Q filed with the SEC on May 16, 2022 and Annual Report on Form 10-K filed with the SEC on March 28, 2022. Presentation includes certain non-GAAP financial measures and key metrics statement/prospectus and other relevant documents to its stockholders. This is the Sonder Series D Pitch Deck used to raise $225M in total from 13 investors in 2019. Presentation. According to a report published by betakit, Sonder co-founder and CEO Francis Davidson opened up about the acquisition plans in April 2021, and SEC filings confirm that the company reached an agreement with Gores. Free access to premium services like Tuneln, Mubi and more. Sonder is transforming the future of hospitality. Existing Sonder investors, including Canada's Inovia Capital Growth Fund I, will retain 74-per-cent ownership. All pictures below are taken from Sonder's investor presentation, the entirety of which can be downloaded from Sonder's investor relations page. Announces Third Quarter 2022 Financial Results. These forward-looking statements are based on Sonder's management's current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events. Sonder projects adjusted operating earnings will rise from a US$200-million . All rights reserved. Here, Sonder wants to show that its urban properties can catch this wave, as younger people are willing to travel and as international and business travel are still a bit down.This is snapshot which makes sense today. He owns vacation rentals in St. Barths and Bali. . Corporate Overview. Any suspected unauthorized access can be addressed remotely and immediately, and managers can change keycodes and other settings instantly via the portal, ensuring security at all times, and removing safety concerns such as key lockboxes with codes that never change. So you do not need to waste the time on rewritings. Investor Presentation (May 2022) 2021 Annual Shareholder Letter. Sonder wants to make it clear that it is not just a hospitality brand. GAAP rent straight lines abatement and future escalation payments over the duration of the real estate contract. Webcast. Much like traditional hotel franchises such as Hilton and Marriott, Sonder does not own the properties but leases them and generates revenue by renting them to guests. Events Presentations. Archived Events & Presentations. By using one easy-to-use, personalized portal, guests, and managers can control all aspects of booking, check-in, guest experience, check-out, management, maintenance, and housekeeping processes. Cash Flow Positive Plan Presentation. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. Even if Sonder is using paid distribution channels to acquire guests, it wants to show that it is good at generating direct repeat business (70% of repeat bookings are direct). KBW Fintech Payments Conference. When it comes to comparing its metrics, such as RevPar and operating costs, Sonder is comparing itself to hotels, especially to upper upscale hotels where guest rates and service costs are high. Q3 2022 Earnings Presentation 3.3 MB. If approved, the company will be renamed Jet.AI and is expected to list on . makes us believe Sonder's stock has the ability generate over 1,000% return in the next 5 years. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. The Sonder app gives guests full control over their stay. Due to the company's recent changes to its business model, it may be possible to scale more quickly. Longevity Biomedical (LBIO) via Denali Capital (DECA) deck Members. He also leads innovative projects for companies within the vacation rental industry. GAAP rent to Landlord Payment adjustment represents the adjustment to translate rent to Landlord Payments, expressed in U.S. dollars. Its a new way of operating, but may soon be the only way. Sonder's evolving narrative (2019 Series D pitch deck vs. 2021 investor presentation) David Kim Published: February 22, 2022 Updated: March 3, 2022 It's interesting to see how Sonder's narrative has evolved from when they raised their series D in 2019 to when they were targeted for a SPAC in 2021. Reference ID: 0.7ca50517.1677666887.260142e. It is a positive sign that Sonder is growing and getting repeat purchases, referrals, and organic traffic. As a new player, its brand was not famous enough to attract direct bookings and its existing customer base was not large enough to make up for flow of new customers booking new Sonder locations on OTAs. We plan to have a multi-part series diving into Sonder's competition, strategy, leadership, and more. Leading up to Sonder's SPAC merger with Gores Metropoulos II, Sonder gave an investor presentation in November 2021 laying out the narrative and future of their company with amazing clarity and transparency. Circle | USDC, Payments & Treasury Infrastructure for Businesses Heliogen is a renewable energy technology company focused on eliminating the need for fossil fuels in heavy industry and powering a sustainable future. He owns vacation rentals in St. Barths and Bali. Meaning, you can perform well in 2 dimensions but not in all 3. Sonder is revolutionizing hospitality through innovative, tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamlessly managed experience. dMY III Technology Group Acquisition Corp's investor conference call and presentation discussing the transaction can be accessed by visiting www.dmytechnology.com. This includes any unit that has a signed real estate contract, regardless of whether or not the unit is available for guests to book. Innovative and ambitious companies such asDomio, Lyric, and Stay Alfredclosed their doors in 2020. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. Year-End Financials. Sonder has raised more than $560 million to date, with its Series E round in 2020 giving the company a $1.3 billion valuation. Find out , Wunsch Brautkleid Seed Stage Startup Pitch Deck, Yomp pitch deck to raise seed investment , Tao Capital Partners,Valor Equity Partners,WestCap. Additionally, Sonder plans to expand its portfolio to include resorts, villas, and residences. The quasi-hotel company Sonder is revolutionizing the short-term rental market space and is on a mission to redefine hospitality by bringing exceptional stays around the globe. Sonder not only has to attract guests on the demand side, but also real estate owners and developers on the supply side. A telephone replay of the call is available by dialing 1-844-512-2921 (toll/international 1-412-317-6671) and entering passcode 1143881. Sep 2021 - Aug 20221 year. The news comes in the wake of Sonder's reporting of record operating and financial performance in Q3 2021, including a sharp acceleration in booking demand, with total revenue seeing a 155 per cent year-on-year increase to $67.5 million. Revenue Per Available Room ("RevPAR") represents the average revenue earned per available night, and is calculated either by dividing revenue by Bookable Nights, or by multiplying Average Daily Rate by Occupancy Rate. By accepting, you agree to the updated privacy policy. Please declare your traffic by updating your user agent to include company specific information. Total Portfolio represents Live Units plus Contracted Units. Debarshi Ghosh. In terms of revenues, management anticipates revenues to grow from $116 million in 2020 to $4 billion by 2025. Thanks to the pipeline of Contracted Units due for delivery soon, they are optimistic that they will be able to accomplish this. In addition, other companies may not publish these or similar metrics. Governance. 08/11/2022 08:30 AM ET. Sonder Holdings Inc. Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4), Sonder Holdings Inc. to Report Fourth Quarter and Full Year 2022 Financial Results on March 1, 2023, Sonder Holdings Inc. This excludes any units that have been exited (i.e., the lease was terminated or allowed to expire). In line with B3's growth strategy in adjacencies of its core business as market infrastructure, the role of Vice . Sonder Holdings Inc. In addition to being easy to use, it is also reliable, efficient, and scalable. A traditional apartment developer may need a couple of years to stabilize the property. Through the Sonder app, customers can access everything they need - from booking to interacting with guest services, to checking out - on their own mobile device anywhere, at any time. San Francisco-based Sonder Holdings Inc. (Sonder) officially launched in 2014 and was co-founded by Francis Davidson, Chief Executive Officer, and Martin Picard, Global Head of Real Estate. On the pre-existing high cleaning standards with additional Covid-19 specific recommendations from the WHO, CDC and Canadian Public Health Agency guidelines, Sonder ensures every single housekeeper undergoes extensive training to ensure they employ Sonders high standards each and every time. The transaction includes a $200 million private placement led by an affiliate of Gores Group, the investment firm founded by the SPACs CEO Alec Gores, and includes participation from Fidelity Management & Research Company, funds and accounts managed by BlackRock, Atreides Management, entities affiliated with Moore Capital Management, Principal Global Investors, and Senator Investment Group. Sonder | Series D Deck Jul. We've updated our privacy policy. Download the Sonder app on Appleor Google Play. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. T 310 209 3010. And their expected growth rate is also head and shoulders above the median of each of those industries. Yet, the presentation deck also shows how Sonder has adapted its business model and became more resilient. F 310 209 3310. Through its digital-first approach, consistent high-quality, and beautifully designed short-term rentals, Sonder will appeal to a different segment of consumers mainly concentrated around business travelers, business traveler groups, families, and digital nomads. Description. Investor Relations Company Profile SomaLogic (Nasdaq: SLGC) is fostering the discovery of effective and safer treatments for patients in need while empowering more accurate diagnosis, prevention, and treatment of disease through the next generation of proteomics. The Investor Relations website contains information about Dave Inc.'s business for stockholders, potential investors, and financial analysts. Many services like the front desk, concierge, customer service, cleaning are replaced with their app. . Something went wrong while submitting the form. Nothing wrong here. "It's pretty . Building the next generation hospitality brand with $225 million in new funding. 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Be able to accomplish this the world Annual Shareholder Letter Bookable Nights, expressed as a.! Developers on the demand side, but may soon be the only way the community you as can...