These margins being driven by post-COVID recovery, better lease agreements, and RevPAR and Property Level Cost initiatives. 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. Today's call will include non-GAAP financial measures, which should be considered in addition to and not as a substitute for or in isolation from our GAAP results. A 24-hour concierge service can be contacted via the Sonder app. As an example, Sonder partners with an apartment REIT (Real Estate Investment Trust) and signs a lease for an unfinished property in order to renovate and operate the property. 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. It appears that you have an ad-blocker running. This excludes nights lost to full building closures of greater than 30 nights. For full disclosures, please go to our Terms & Conditions page. 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. But Sonder is able to score well on all 3 dimensions. All pictures below are taken from Sonder's investor presentation, the entirety of which can be downloaded from Sonder's investor relations page. booking trends tend to favor rural areas. Media Relations Lissa Pavluk (617) 977-6764 media@apellis.com. must have JavaScript enabled in your web browser. 74% of Sonder's stock will remain owned by existing shareholders. Q3 2022 10-Q. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. Delayed Nasdaq We've encountered a problem, please try again. Competitive pricing and expert assistance to get you fundraise ready and confident. Hypothetical strategies and indices presented are unmanaged, do not reflect any fees, expenses, transaction costs, commissions or taxes, and one cannot invest directly in any of these. None of Volts proprietary content may be reproduced or referenced, in full or in part, in any other publication without the expressed written consent of Volt. "It's pretty . 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. 27 Jan 2023. Site - Investor Relations Nav; Overview; News; Events & Presentations. Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. Investor Relations Company Profile Inspirato is the innovative luxury hospitality brand that provides affluent travelers access to a managed and controlled portfolio of hand-selected vacation options, delivered through a subscription model to ensure the service and certainty that affluent customers demand. Travel News, Airline Industry News and Hotel Industry News by Skift For more investment insights, sign up for our email list below and subscribe to our YouTube channel. 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. SoFi Q4 2022 Earnings Conference Call. Investor Relations. Each Sonder is purposefully selected, designed and maintained - customized to reflect the vibe of its neighbourhood. All rights reserved. T 310 209 3010. Sign up to our email list so you don't miss a thing. Sonder not only has to attract guests on the demand side, but also real estate owners and developers on the supply side. In 2014, Davidson and Lucas Pellan founded Flatbook (later renamed Sonder), and brought the company to Montreal tech accelerator FounderFuel. Archived Events & Presentations. Transcript. Sonder wants to be a global hospitality brand and has already expanded internationally. Stock Symbol Price Chart (24H) Flora Growth Corp. FLGC. Sonder offers a clean, modern, contact-free way to stay in neighbourhoods around the world. 9800 Wilshire Boulevard. The company aims to increase brand awareness in order to sell directly to consumers. View this Presentation PDF Format Download (opens in new window) . How about a sneak peek at Sonders 2021 investor slide deck? In line with B3's growth strategy in adjacencies of its core business as market infrastructure, the role of Vice . Except as required by law, Sonder does not undertake any obligation to update or revise its forward-looking statements to reflect events or circumstances after the date of this presentation. Announces Security Incident with Guest Reservation Database, Sonder Holdings Inc. Cash Flow Positive Plan Presentation. Skip to main navigation . To view our website, you 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. 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. 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. Utilizing an option overlay strategy involves the risk that as the buyer of a put or call option, the buyer risks losing the entire premium invested in the option if the buyer does not exercise the option. Archived Events & Presentations. Building the future of hospitality, Sonder has blazed their way into the hospitality business and has been dubbed the unicorn of the industry as much as the Travels Newest Billion-Dollar Brand. View All Reports . In Sonder's November investor presentation, they conservatively projected their revenue to grow to ~$4B in 2025. Corporate Documents Flora Filings. Its a new way of operating, but may soon be the only way. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. 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. Cyxtera Management Q2 2022 Earnings Call. Source: Sonder Investor Presentation (Nov 2021) If their 2025 revenue projections are close, using the 2x - 8.6x revenue multiples, their market cap growth from their $2B baseline today would be $8B - $34B in 4 years time. This excludes any units that have been exited (i.e., the lease was terminated or allowed to expire). Debarshi Ghosh. 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. Cash Contribution Margin is defined as Cash Contribution as a percentage of revenue. We only select apartments that will delight our customers.. It could be that bookings from OTAs like Airbnb and Booking.com were canceled by force majeure and that Sonders direct bookings were not. Investor Presentation (November 2022) 2Q22 Shareholder Letter. Your email address will not be published. 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. Learn how your comment data is processed. It positions itself at the confluence of vertical disruptors such as Uber and Airbnb (big brand, long-term margin profile = losses now, but high profits in the future), digital hospitality & real estate such as Booking.com and Zillow (tech platform in markets that still need to fully digitalize), and upper upscale lodging such as Marriott and Hilton (strong brand, differentiated supply, operational expertise). Further information about these measures appears under "Key Terms" below. Sonder valuation as of 10/28/2021 and projections as of Q3 2021. Meaning, you can perform well in 2 dimensions but not in all 3. Like many companies in late 2020 and early 2021, it is going public via a special acquisition company (SPAC). Forward-looking statements include, but are not limited to, statements about Sonder's forecasted revenue growth, costs, and cash flow (including Sonder's outlook for revenue and Free Cash Flow for the quarter ending September 30, 2022 and Free Cash Flow for the quarter ending December 31, 2022, and statements about potential cash flow margin), statements about our total addressable market, anticipated numbers of Live and Contracted Units (including Sonder's forecast for growth in Total Portfolio for the year ended December 31, 2022), the statements regarding "Cash Flow Positive Plan," including anticipated cost reductions, targeted capital-light signings and potential cash flow improvements and its plan to reach positive quarterly FCF within 2023 without additional fundraising, the anticipated recovery of travel demand, booking patterns, and other trends, expectations, and objectives discussed in this presentation, potential new markets, and market penetration, innovation plans and initiatives including plans for enhanced app functionality and features, the success of Sonder's corporate travel efforts and other RevPAR initiatives, anticipated unit economics, sustainability initiatives including Sonder's plans to eliminate single-use plastic amenities in its guest units by the end of 2022, and other information concerning Sonder's possible or assumed future financial or operating results and metrics, business strategies, competitive position, industry environment, potential growth opportunities, and future operations. And their expected growth rate is also head and shoulders above the median of each of those industries. 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. Private Equity/Venture Capital/Angel Investor in the Fintech/Blockchain and Hotel/Hospitality Sector, Do not sell or share my personal information. Your submission has been received! This is an exciting opportunity to develop innovative sales strategies to help close . With keycodes, housekeeping can't enter when guests are inside, for example; and a rental's readiness to accept new guests can be checked instantly and remotely via the portal. Thanks to a new focus on temporary housing, shrewd leases, and properties with Covid-friendly amenities, Sonder is on the rebound. Essentially, Sonder is highly ambitious in its aims to become the next Hilton or Marriott, while simultaneously being a highly tech-savvy company. Moreover, they do not have to worry about low occupancy rates during low seasons and seasonal hiring during high travel seasons. EBITDA margin going from (181%) in 2020 to 16% in 2025. Scribd is the world's largest social reading and publishing site. SAN FRANCISCO -- (BUSINESS WIRE)-- Sonder Holdings Inc. ("Sonder" or the "Company"), a leading next-generation hospitality company that is redefining the guest experience through technology and. . Driven in part by increasing supply from 12k total units (live + contracted) in 2020 to 102k total units in 2025. 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. Feel free to reach out to Thibaut Masson on Linkedin. Volt does not purport to provide any legal, tax, or accounting advice. Targeted Regeneration Presentation - January 12, 2023 1.2 MB. 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. SPAC IPO Slides. Unsubscribe at any time. Governance Documents Board of Directors Management Advisors Committee Composition. Rooms on Sonder have to apply and go through intense quality control. 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. Sonder Holdings Inc. ("Sonder"), a leading next-generation hospitality company that is redefining the guest experience through technology and design, today announced new appointments to its Board of Directors. In this way, they collaborate and add value to the hospitality industry within that city and allow real estate developers to have a quicker turnaround. 2023-01-23 View all with same reporting date. Airbnb Plus and Luxe in 2023: A Comeback Story for Premium Stays? Accordingly, a reconciliation of the non-GAAP financial measure guidance to the corresponding GAAP measure is not available without unreasonable effort. Activate your 30 day free trialto unlock unlimited reading. March 22, 2021. Sonder has since raised over $46 million from venture capitalists. The modern design and highly streamlined technology allow guests and managers to have a seamless, consistent experience. 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. Sonder's pre-SPAC merger investor presentation outlined the narrative and future of Sonder with surprising transparency. Many services like the front desk, concierge, customer service, cleaning are replaced with their app. This presentation (the "Presentation") contemplates a business combination (the "Transaction") involving Forest Road Acquisit ion Corp. ("FRX"), Beachbody, LLC ("Beachbody") and . 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. The way Sonder achieves this is through cutting out the fat in the hospitality industry through technology. 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Free access to premium services like Tuneln, Mubi and more. In addition, other companies may not publish these or similar metrics. The company's Sonder app gives guests self-service features, simple check-in, and 24/7 on-the-ground support, amenities, and services. This is in contrast to Airbnb, which acts as a marketplace between guests and hosts, neither leasing or owning any property. Travel News, Airline Industry News and Hotel Industry News by Skift Required fields are marked *. Revenue growth will be achieved by a combination of supply growth and RevPAR growth. Clipping is a handy way to collect important slides you want to go back to later. Reservation Database, Sonder is a handy way to stay in neighbourhoods around the world back! Out to Thibaut Masson on Linkedin for Premium Stays trialto unlock unlimited reading quality control score! & # x27 ; s November investor Presentation ( November 2022 ) 2Q22 Letter... Stock Symbol Price Chart ( 24H ) Flora growth Corp. 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