sonder investor presentation

Download PDF. What is an Investor Presentation? Thank you for your interest in the U.S. Securities and Exchange Commission. Sonder valuation as of 10/28/2021 and projections as of Q3 2021. 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. 9.01 - Financial Statements and Exhibits. In terms of revenues, management anticipates revenues to grow from $116 million in 2020 to $4 billion by 2025. 01/30/2023. Oops! Free Cash Flow Margin is defined as Free Cash Flow as a percentage of revenue. Largest Addressable Market of Any Prescription Weight Management Approach FDA-Cleared Proprietary Nature-Inspired Solution Protected by a Large Portfolio of Patents Unique Go to Market Strategy Delivering Affordable Solution with Easy Access, Speed & Transparency Strong R&D Pipeline Targeting Adjacent Markets Learn More Latest News The information that can be accessed through hyperlinks or website addresses included herein is deemed not to be incorporated in or part of this presentation. With perks such as a concierge at your fingertips guests can enjoy the comforts and amenities of a hotel while renting their very own vacation rental space - the $1 billion hospitality startup, claims to offer personalized apartment rentals that offer the best of both worlds. Property Level Profit (Loss) Margin is defined as Property Level Profit (Loss) divided by revenue. The company was launched in 2014 and cofounded by Francis Davidson and Martin Picard. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Content is subject to change without notice. 05/25/2022 12:40 PM ET. By providing 24/7 guest support, self-check-in, stocked kitchens, crisp linens, and everyday amenities, Sonder ensures a unique, yet consistent experience. Each Sonder is purposefully selected, designed and maintained - customized to reflect the vibe of its neighbourhood. View All Reports . He owns vacation rentals in St. Barths and Bali. Additionally, Sonder plans to expand its portfolio to include resorts, villas, and residences. In addition to the very compelling narrative and numbers presented in Sonder's investor presentation, Sonder's strategic advantage relative to both incumbents and potential new entrants makes us believe Sonder's stock has the ability generate over 1,000% return in the next 5 years. Sonders innovative app empowers guests by making self-service features and 24/7 on-the-ground support just a tap away. check out the ultimate pitch deck collection here! For more information, contact opendata@sec.gov. From simple self check-in to boutique bathroom amenities, we bring the best of a hotel without any of the formality. 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. 2019A-2022P Revenue Performance. In line with B3's growth strategy in adjacencies of its core business as market infrastructure, the role of Vice . 01/30/2023 08:00 AM ET. They are consistent and dependable, he continued, We are the managers of the entire experience. Sonder's 2019 and 2020 historical financial data included in this presentation are unaudited and subject to updates based on completion of an ongoing PCAOB audit. He also leads innovative projects for companies within the vacation rental industry. The company wants to show that it can offer equivalent or better service level at a lower cost thanks to tech and automation. If approved, the company will be renamed Jet.AI and is expected to list on . Sonder is revolutionizing hospitality through innovative, tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamless managed experience. By using this site, you are agreeing to security monitoring and auditing. . Reference ID: 0.7ca50517.1677666887.260142e. In addition to being easy to use, it is also reliable, efficient, and scalable. Investor Relations Vacasa is creating a superior vacation rental experience for homeowners, guests, and distribution partners alike powered by a purpose built, end-to-end technology platform. 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. Sonder plans to grow its Live Units supply by 15-fold over the next 5 years, an ambitious goal. By June 2020, the company had raised a total of over $550 million, valuing Sonder at $1.3 billion. B3 S.A. - Brasil, Bolsa, Balco (" B3 " or " Company ") announces the arrival of Ana Carla Abro Costa as head of "New Business" at B3 as of April 10, 2023. 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). NOTICE TO THE MARKET. Stay Connected . The tech goes from mapping real-estate opportunities and potential RevPar, running its furniture warehouse, listing properties on OTAs, pricing automation, to housekeeping and maintenance. Note: Gores Special Purpose Acquisition Companies (SPACs) are separate entities from The Gores Group with separate management, although there is overlap in size / industry of target acquisition and personnel involved. View this Presentation PDF Format Download (opens in new window) . dMY III Technology Group Acquisition Corp's investor conference call and presentation discussing the transaction can be accessed by visiting www.dmytechnology.com. F 310 209 3310. Takeaway: Even with Sonder's phenomenal historical growth (and jaw-dropping estimated future growth), there will still be a LOTof room for even more growth in this core lodging market for many years to come. These margins being driven by post-COVID recovery, better lease agreements, and RevPAR and Property Level Cost initiatives. Sonder has about 5,000 Live Units (units that are bookable) and 7,000 Contracted Units (units that have been signed but not yet booked) in the pipeline, as declared in its investor presentation. Super hack for annoying LinkedIn connection requests, Email can suck less. But even outside of the stay, Sonder leverages home-grown technology to optimize backend operations (e.g. Jan 9, 2023 12:00 PM EST 41st Annual J.P. Morgan Healthcare Conference. 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. In addition, other companies may not publish these or similar metrics. However, Sonder's definitions may differ from the definitions used by other companies and therefore comparability may be limited. Extra measures have been taken to implement best practices for cleaning and sterilization across all units, both within the Sonder apartment / room and building-wide. Shares of Rocket Lab declined 9.9% in trading on . Decoding Airbnbs strategic priorities for 2023, Airbnb Attains Yearly Profitability for First Time in 2022, Breaking Records With Most Profitable Quarter Ever, Start using PriceLabs for free for 30 days, Property Management System for Vacation Rentals. Innovative and ambitious companies such asDomio, Lyric, and Stay Alfredclosed their doors in 2020. Sonder has since raised over $46 million from venture capitalists. Free access to premium services like Tuneln, Mubi and more. JMP Securities Adjusts Price Target on Sonder Holdings to $2.75 From $3.25, Maintains M.. Oppenheimer Adjusts Sonder Holdings Price Target to $4 From $3.75, Maintains Outperform.. JMP Securities Adjusts Sonder Holdings' Price Target to $3.50 from $8, Keeps Market Out.. Starting from right to left: Usually a lodging provider would need to make a trade-off in terms of these 3 dimensions of price, design, quality consistency. Sonder | Series D Deck Jul. Click here to review the details. 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. Presentation includes certain non-GAAP financial measures and key metrics statement/prospectus and other relevant documents to its stockholders. Sonder is clear about its ambition to build a new kind of hospitality brand (who would want to create an outdated brand??). Unless otherwise noted, any performance returns presented in these materials reflect hypothetical performance. According to the report, the value represents a 3.6 times increase in Sonder's projected revenue for 2022. Sonder is transforming the future of hospitality. Average Daily Rate ("ADR") represents the average revenue earned per night occupied and is calculated as revenue divided by Occupied Nights. In a report by Businesswire dated 18 January 2022, Sonder Holdings Inc. announced it completed its previously announced business combination with Gores Metropoulos II, Inc. (Nasdaq: GMII, GMIIW, and GMIIU) ("GM II"), a special purpose acquisition company sponsored by affiliates of The Gores Group, LLC, and Metropoulos & Co. A special meeting of Gores Metropoulos II stockholders approved the business combination on January 14, 2022. Circle | USDC, Payments & Treasury Infrastructure for Businesses Takeaway: Given industry multiples and Sonder's growth rate, Sonder's valuation seems like the deal of a lifetime. This is in contrast to Airbnb, which acts as a marketplace between guests and hosts, neither leasing or owning any property. Cash Flow Positive Plan Presentation. We won't send you spam. Sonder has multiple offices across the globe, with Hub cities in Denver, San Francisco, Montreal and London/Amsterdam. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. Peter Thiel on Identifying Disruptive Companies: 10x Better than Competitors. This presentation and the oral presentation accompanying it contain a number of "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. In 2019, Sonder shared the Series D deck that it had used to raise $225M in funding. On the exterior Sonder looks like it is operating like any other short-term rental platform such as Airbnb or VRBO, but with a bit of added panache and a more luxurious appeal in terms of listings. 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. 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. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading.While an option overlay is intended to improve performance, there is no guarantee that it will do so. We reserve the right to block IP addresses that submit excessive requests. 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. Supply by 15-fold over the next 5 years, an ambitious goal to reflect the vibe of neighbourhood... 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