2023-01-23 View all with same reporting date. This excludes nights lost to full building closures of greater than 30 nights. Takeaway: Regarding the 3 dimensions of price, design, and quality consistency, Sonder introduces technology to drive down the price dimension, so that it can score top marks on all 3. 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. We've updated our privacy policy. These margins being driven by post-COVID recovery, better lease agreements, and RevPAR and Property Level Cost initiatives. For investor inquiries: ir@sonder.com For media inquiries: https://investors.sonder.com/media-page document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. 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. 1001 and 1030). Sonder CEO Francis Davidson (Credit: Twitter, iStock) Hospitality startup Sonder is in talks for a funding round between $150 million to $175 million, The Real Deal has learned . The Rental Scale-Up vacation rental marketing blog. Yet, as the company grows internationally, and with an upscale positioning, the share of international and business travelers should grow. The developer gets 100% occupancy immediately after completion, which is a great deal for them. 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Distributed by Public, unedited and unaltered, on 10 August 2022 21:08:00 UTC. 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. 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. He owns vacation rentals in St. Barths and Bali. Copyright 2023 Surperformance. 2023-01-24. EmilyAnnHodges Follow Advertisement Advertisement Recommended Living Well investor presentation Tessa10t 772 views 24 slides Moreover, they do not have to worry about low occupancy rates during low seasons and seasonal hiring during high travel seasons. Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. 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. Gores Metropoulos raised $450 million in a January initial public offering. Cash Contribution Margin is defined as Cash Contribution as a percentage of revenue. In the deck, the company shares its plans to expand to Asia by 2025. Sonder plans to grow its Live Units supply by 15-fold over the next 5 years, an ambitious goal. Takeaway: Sonder is expecting insane levels of growth, and despite being in a capital-intensive business, sees a rapid path to profitability. Complete with self-service features, simple check-in and 24/7 on-the-ground support, amenities and services at Sonder are just a tap away, making a world of better stays open to all. Hypothetical model results have many inherent limitations, some of which, but not all, are described herein. Below are the highlights from the presentation. These non-GAAP financial measures should not be viewed in isolation or as a substitute for, or superior to, measures prepared in accordance with GAAP. Investors should be aware of the inherent risks involved in investing in the markets and that past performance is not an indication of future results. Oops! Webcast. EX-99.2 3 ea135103ex99-2_forestroad.htm INVESTOR PRESENTATION Exhibit 99.2 . Peter Thiel on Identifying Disruptive Companies: 10x Better than Competitors. Who: Francis Davidson, Co-Founder & CEO When: Tuesday, June 14, 2022 Time: 2:00 p.m. BST / 9:00 a.m. EDT for the Presentation Where: May Fair Hotel in London Investing involves risk and possible loss of principal capital. Travel News, Airline Industry News and Hotel Industry News by Skift must have JavaScript enabled in your web browser. Direct bookings from Sonder's platform grew from 10% at the beginning of 2018 to close to 60% in 2021 - a continuation of this trend will increase profitability even more. This results in immediate cash flow for developers as well as fewer operational headaches for property owners. 2021, Volt Equity (Volt). And with 24/7 on-demand service, crisp linens, and over 200 other quality standards, were taking stay further for guests all around the world. 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. Also available to guests are amenities such as a lounge, luggage storage, an essentials closet stocked with things like extra toiletries and towels, and in most instances a theater room, gym and co-working space. To view our website, you Total Portfolio represents Live Units plus Contracted Units. Governance. 01/30/2023. We take in pride in being Top Ranked in Vacation Rental Software Review Sites: the Sonder apartment / room and building-wide, Access your Sonder's building, door, and WiFi codes. GAAP rent to Landlord Payment adjustment represents the adjustment to translate rent to Landlord Payments, expressed in U.S. dollars. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Sonder's management's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Year-End Financials. This includes any unit that has a signed real estate contract, regardless of whether or not the unit is available for guests to book. It could also be due to marketing cuts forcing the company to focus on cheaper channels and direct traffic. We plan to have a multi-part series diving into Sonder's competition, strategy, leadership, and more. Each Sonder is purposefully selected, designed and maintained - customized to reflect the vibe of its neighbourhood. Essentially, Sonder is highly ambitious in its aims to become the next Hilton or Marriott, while simultaneously being a highly tech-savvy company. Once again, Sonder explains how it blends its real-estate expertise, tech-savviness, and interior design to offer a consistent guest experience at an attractive price. Investor Presentation Template Shai Goldman 260.4k views 19 slides VC Pitch - Presentation template (The 10/20/30 Rule of PowerPoint) davidklein 67.2k views 21 slides SeedInvest Pitch Presentation Template SeedInvest 73.6k views 10 slides Business Plan Pitches Mercury Technology Labs 6.1k views 30 slides Like many companies in late 2020 and early 2021, it is going public via a special acquisition company (SPAC). A telephone replay of the call is available by dialing 1-844-512-2921 (toll/international 1-412-317-6671) and entering passcode 1143881. BEVERLY HILLS, CALIFORNIA. Property Level Profit (Loss) Margin is defined as Property Level Profit (Loss) divided by revenue. At the height of the pandemic, direct bookings jumped from 26% to 59%. Solomont. All rights reserved. Sonder valuation as of 10/28/2021 and projections as of Q3 2021. Use this banker system to make startup emails work for your team, Ask dumb questions. However known and unknown risks and uncertainties may cause actual results to materially differ from what is expressed in such statements. Property Level Costs ("PLC") represent costs directly associated with guest-facing functions in each of Sonder's buildings. 0 ratings 0% found this document useful (0 votes) . T 310 209 3010. Any and all subjective claims and statements made on this site regarding companies or securities are strictly the beliefs and views held by Volt and are in no way meant to be an endorsement by Volt of any company or security and nor is it meant to be a recommendation by Volt to buy, sell, or hold any security.Past performance is no guarantee of future returns. In 2019, Sonder shared the Series D deck that it had used to raise $225M in funding. Presentation. Driven in part by increasing supply from 12k total units (live + contracted) in 2020 to 102k total units in 2025. 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. The Takeover Date represents the date on which Sonder receives the keys and is able to begin onboarding a building (e.g., moving in furniture, staging / photographing units for listing). Feel free to reach out to Thibaut Masson on Linkedin. Sonder leases and renovates apartments and hotels, and rents them to guests. 2019A-2022P Revenue Performance. Data Provided by Refinitiv. Sonder is a hospitality company focused at short-term rentals. Investor Presentation (November 2022) 2Q22 Shareholder Letter. By accepting, you agree to the updated privacy policy. Sonder's TAM, the global lodging market, was $809B in 2019. Yet, their recent historical growth rate has been MUCH higher than the median of each of those industries. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Sonder illustrates the downfall of 3 different product offerings in the lodging and travel space today. With thousands of beautiful spaces built for travel and life, Sonder is transforming the future of hospitality. In cities, Sonder wants to compete against upper upscale hotels. 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. Also, securities and options traded in over-the-counter markets may trade less frequently and in limited volumes and thus exhibit more volatility and liquidity risk.The content on this site is not intended to serve as financial advice nor should it be the sole basis for any investment decisions. These costs include (i) channel fees paid to Online Travel Agencies, (ii) customer service costs, (iii) laundry/consumables costs, (iv) maintenance costs, and (v) utilities & insurance costs. Financials. 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. 08/11/2022 08:30 AM ET. Cleaning is being tracked through Sonders housekeeping app, while all cleanliness standards and protocols have been updated to reassure guests of their safety during their stay. The company was launched in 2014 and cofounded by Francis Davidson and Martin Picard. dMY III Technology Group Acquisition Corp's investor conference call and presentation discussing the transaction can be accessed by visiting www.dmytechnology.com. Head of "New Business". Historical Quarterly Financials 237.6 KB. Sonder is building the future of hospitality, Applied technology only to connect guests and listings, Leveraging technology and design across the entire value chain to create a 21st century brand, Sonder delivers a unique value proposition to the modern traveler. Jan 9, 2023 12:00 PM EST 41st Annual J.P. Morgan Healthcare Conference. 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 Sonder Holdings Inc. published this content on 10 August 2022 and is solely responsible for the information contained therein. Landlord Payments represent cash payments to real estate owners recognizing abatement at the time it is utilized (often at the commencement of a real estate contract), expressed in U.S. dollars. View this Presentation PDF Format Download (opens in new window) . Before COVID-19, Sonder was pretty much agnostic when it came to listing on OTAs such as Airbnb and Booking.com. The content should not be considered investment advice and is for educational purposes only. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by revenue. Sonder has since raised over $46 million from venture capitalists. This presentation (the "Presentation") contemplates a business combination (the "Transaction") involving Forest Road Acquisit ion Corp. ("FRX"), Beachbody, LLC ("Beachbody") and . In essence, Sonder is a hotel-quality room without the commercial feel of a hotel. Guests who cancel their booking any time before their stay will receive Sonder credit for the full value for one year. Sonder basically takes over well-located apartment developments and hotels to redesign and relaunch them under its tech-savvy brand. And Adj. selina investor presentation. Click here to review the details. Don't get stuck in a broken routine with poor software, manage your properties with Hostaway and experience a better business and life right away! 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. Find out , Wunsch Brautkleid Seed Stage Startup Pitch Deck, Yomp pitch deck to raise seed investment , Tao Capital Partners,Valor Equity Partners,WestCap. Super hack for annoying LinkedIn connection requests, Email can suck less. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-T9S432" height="0" width="0" style="display:none;visibility:hidden"></iframe> Sonder Holdings Inc. 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