In contrast, Landlord Payments recognize abatement from real estate owners at the time abatement is utilized (often at the commencement of a real estate contract), and future escalation payments at the time they actually occur, in an effort to most accurately reflect the timing of cash outflows for rent. 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. Sonder Holdings Inc. is merging with Gores Metropoulos II Inc. (GM II), a SPAC sponsored by an affiliate of The Gores Group LLC, a global investment firm founded in 1987 by Alec Gores, and by an affiliate of Dean Metropoulos of Metropoulos & Co. At the beginning, Sonder focused on taking over the management over multi-family buildings in order to offer urban apartments on sites such as Airbnb. Webcast. Solomont. Further information about these measures appears under "Key Terms" below. Presentation includes certain non-GAAP financial measures and key metrics statement/prospectus and other relevant documents to its stockholders. Stocks - Flora Growth. Yet, at least in the US, cities are starting to rebound. This 28-year-old turned his college side hustle into a $1.3 billion start-up backed by Jeff Bezos Read more on CNBC.COM The most innovative hospitality projects of 2020 Read more on FASTCOMPANY.COM Hospitality Startup Sonder Raises $170 Million At A $1.3 Billion Valuation During Covid-19 Travel Collapse Read more on FOBES.COM An investor presentation provides a clear, concise yet informative overview of your business to potential investors. How about a sneak peek at Sonders 2021 investor slide deck? A 24-hour concierge service can be contacted via the Sonder app. 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. -, Sonder Holdings Inc. Reports Inducement Grants under Nasdaq Listing Rule 5635(4), 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 is transforming the future of hospitality. 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. With property level profit margins going from (54%) in 2020 to 32% in 2025. EX-99.2 3 ea135103ex99-2_forestroad.htm INVESTOR PRESENTATION Exhibit 99.2 . EBITDA margin going from (181%) in 2020 to 16% in 2025. If approved, the company will be renamed Jet.AI and is expected to list on . In 2014, Davidson and Lucas Pellan founded Flatbook (later renamed Sonder), and brought the company to Montreal tech accelerator FounderFuel. It could be that bookings from OTAs like Airbnb and Booking.com were canceled by force majeure and that Sonders direct bookings were not. In 2019, Sonder shared the Series D deck that it had used to raise $225M in funding. Each Sonder is purposefully selected, designed and maintained customized to reflect the vibe of its neighbourhood. Investor Presentation (November 2022) 2Q22 Shareholder Letter. 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. 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. 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 Sonder app is recommended for download for any guest who chooses to stay in any of their properties. 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. View All Annual Reports. 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. Activate your 30 day free trialto unlock unlimited reading. Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. Sonder illustrates the downfall of 3 different product offerings in the lodging and travel space today. 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 . To do that, the company says that it offers modernized, well-designed, tech-savvy apartments and hotel rooms. ), how it uses tech to lower costs and design to create attractive spaces higher, how and where it wants to expand from now to 2025. Jet Token, a private aviation booking and membership platform that supports fractional aircraft ownership, plans to merge with Oxbridge Acquisition in a deal with an enterprise value of $45 million. And improving their Revenue per Available Room (RevPAR) from $74 to $165. Sonder has not reconciled consolidated Free Cash Flow guidance to projected consolidated GAAP cash provided by (used in) operating activities because we do not provide guidance on GAAP by (used in) operating activities or the reconciling items between Free Cash Flow and GAAP cash provided by (used in) operating activities, as a result of the uncertainty regarding, and the potential variability of, certain of these items. This presentation (the "Presentation") contemplates a business combination (the "Transaction") involving Forest Road Acquisit ion Corp. ("FRX"), Beachbody, LLC ("Beachbody") and . The company's Sonder app gives guests self-service features, simple check-in, and 24/7 on-the-ground support, amenities, and services. Corporate Overview. A telephone replay of the call is available by dialing 1-844-512-2921 (toll/international 1-412-317-6671) and entering passcode 1143881. All this allows them to cut down on operating costs by as much as ~50%. Investor Relations. Jan 9, 2023 12:00 PM EST 41st Annual J.P. Morgan Healthcare Conference. For investor inquiries: ir@sonder.com For media inquiries: https://investors.sonder.com/media-page Company About Us News Careers Press Business and Groups Real Estate Responsibility Investor Relations Support Help Center Social 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. Cities like Orlando and Kissimmee usually rank high in market size for vacation rental revenues. In essence, Sonder is a hotel-quality room without the commercial feel of a hotel. The front desk at a Sonder hotel is never busy. Presentations are particularly . Reference ID: 0.7ca50517.1677666887.260142e. But Sonder is able to score well on all 3 dimensions. Once again, its ambition to build a new kind of hospitality brand are clear. NIRE 35.300.351.452. https://www.rentalscaleup.com/author/thibault-masson/, Vrbo to Switch to Expedia Group Platform in 2023: Challenges and Opportunities. Announces Third Quarter 2022 Financial Results. It appears that you have an ad-blocker running. 2021, and a copy of an updated investor presentation provided in a Current Report on Form 8-K filed by GMII with the SEC on July . Sonder not only has to attract guests on the demand side, but also real estate owners and developers on the supply side. We've updated our privacy policy. It's one of many new hybrid companies such as Lyric and Blueground that combine elements of hotels and apartments. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-T9S432" height="0" width="0" style="display:none;visibility:hidden"></iframe> Click here to review the details. Sonder basically takes over well-located apartment developments and hotels to redesign and relaunch them under its tech-savvy brand. The SlideShare family just got bigger. Competitive pricing and expert assistance to get you fundraise ready and confident. The modern design and highly streamlined technology allow guests and managers to have a seamless, consistent experience. Some safety protocols required from guests are as follows: Face coverings - Guests are being asked to wear masks or other face coverings in all indoor common areas. View this Presentation PDF Format Download (opens in new window) . 02/28/2023 11:00 AM ET. Sonder Holdings Inc is engaged in providing hospitality through its tech-enabled services. However, Sonder's definitions may differ from the definitions used by other companies and therefore comparability may be limited. Transcript. The company wants to show that it can offer equivalent or better service level at a lower cost thanks to tech and automation. And their expected growth rate is also head and shoulders above the median of each of those industries. In the deck, the company shares its plans to expand to Asia by 2025. Get research, business strategy, and tech analysis delivered to your inbox. View All Reports . 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. FLGC: $0.37: Q3 2022 FLGC Earnings Call. Revenue growth will be achieved by a combination of supply growth and RevPAR growth. Uploaded by Lewis. This enables staff to respond to concerns instantly, boosting customer satisfaction and ensuring guests feel taken care of throughout their stay. Thanks to its seamless check-in tech, digital concierge, and customer service via messaging, Sonder can give service guests without needing any or too many on-site staff, which is a source of cost savings. 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. Sonder is revolutionizing hospitality through innovative, tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamlessly managed experience. 2021, Volt Equity (Volt). If you love pitch decks, check out the ultimate pitch deck collection here! Governance. But even outside of the stay, Sonder leverages home-grown technology to optimize backend operations (e.g. Average Daily Rate ("ADR") represents the average revenue earned per night occupied and is calculated as revenue divided by Occupied Nights. TheAccor Apartments & Villas, with its branded residences, extended hotel stay places, and onefinestay apartments and villas, shows that established hospitality brands want to respond to Sonder-type supply. Sonder is transforming the future of hospitality. According to the report, the value represents a 3.6 times increase in Sonder's projected revenue for 2022. 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. 9800 Wilshire Boulevard. Sonder offers a clean, modern, contact-free way to stay in neighbourhoods around the world. Year-End Financials. 9.01 - Financial Statements and Exhibits. Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. Sign up to our email list so you don't miss a thing. 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. Description. Sonder's management uses these non-GAAP financial measures, collectively, to evaluate ongoing operations and for internal planning and forecasting purposes. There are no easily lost keys, no key cards that demagnetize without warning, no rickety or insecure lockboxes, and no annoying issues or concerns that need to be addressed at "Reception." Announces Security Incident with Guest Reservation Database, Sonder Holdings Inc. Sonder is not yet able to generate revenue from these units. Yet, their recent historical growth rate has been MUCH higher than the median of each of those industries. The Sonder app gives guests full control over their stay. 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. 74% of Sonder's stock will remain owned by existing shareholders. Stock Symbol Price Chart (24H) Flora Growth Corp. FLGC. Sonder's system is simple, easy, streamlined, and centralized. 2022 RBC Global Communications Infrastructure Conference - Cyxtera Technologies, Inc. Download the Sonder app on Appleor Google Play. Live Units are defined as units which are available for guest bookings on Sonder.com, the Sonder app and other channels. However known and unknown risks and uncertainties may cause actual results to materially differ from what is expressed in such statements. What is an Investor Presentation? By providing 24/7 guest support, self-check-in, stocked kitchens, crisp linens, and everyday amenities, Sonder ensures a unique, yet consistent experience. Spire Global Investor Presentation. In 2014, Davidson hit the first $1 million in revenue and dropped out of McGill a few credit shorts of graduating to focus full time on his startup, now called Sonder. A live and archived webcast of the Presentation will be accessible from the "News & Events" section of the company's Investor Relations website for on demand viewing at investors.sonder.com. 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). 1Q22 Shareholder Letter. JavaScript is disabled! 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. On the company website, property owners can find out about Sonders promises about returns. It is also powered by a proprietary tech platform which spans the whole guest journey, from booking to check-out. Sonder plans to grow its Live Units supply by 15-fold over the next 5 years, an ambitious goal. Lets have a look at Sonders presentation, along with our selection of and comments on the Top 10 slides. Contracted Units are units for which Sonder has signed real estate contracts, but are not yet available for guests to book. Nasdaq 46 th Investor Conference. SPAC IPO Slides. 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. To learn more, visit www.sonder.comor follow Sonder on Facebook, Twitteror Instagram. Sonder Holdings Inc. to Report Fourth Quarter and Full Year 2022 Financial Results on March 1, 2023. Sonder is transforming the future of hospitality. The growth of its platform is heavily influenced by supply growth or the sheer number of listings. The company was launched in 2014 and cofounded by Francis Davidson and Martin Picard. 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. In terms of distribution, Sonder rents its units to customers through its own website and app Sonder also lists its properties with online travel agencies such as Expedia (EXPE), as well as Airbnb. Apellis SYFOVRE FDA Approval Conference Call Presentation 840.9 KB. Success! The deal is expected to close in the second quarter, pending approval. Now check your email to confirm your subscription. Blend's cloud-based software platform is designed to power the end-to-end consumer journey for any banking product from application to close. All pictures below are taken from Sonder's investor presentation, the entirety of which can be downloaded from Sonder's investor relations page. This includes any unit that has a signed real estate contract, regardless of whether or not the unit is available for guests to book. 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. Additional risks and uncertainties are identified and discussed in Sonder's reports filed and to be filed with the SEC and available on the SEC's website at www.sec.gov. 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. Delayed Nasdaq Sonder has multiple offices across the globe, with Hub cities in Denver, San Francisco, Montreal and London/Amsterdam. Sonder valuation as of 10/28/2021 and projections as of Q3 2021. 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). Additionally, Sonder plans to expand its portfolio to include resorts, villas, and residences. 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. The Rental Scale-Up vacation rental marketing blog. real estate targeting, warehouse and inventory management, logistics planning, etc.). Technologies, Inc. Download the Sonder app gives guests full control over their stay 's projected revenue 2022. Ambition to build a new kind of hospitality brand are clear of throughout stay! Are starting to rebound Blueground that combine elements of hotels and apartments of throughout their stay if you love decks! Or the sheer number of listings hospitality company offering spaces built for travel and life cities... And inventory management, logistics planning, etc Format Download ( opens in window! At a lower cost thanks to tech and automation RevPAR growth designed accommodations combined into one seamlessly managed experience Francisco... Replay of the Call is available by dialing 1-844-512-2921 ( toll/international 1-412-317-6671 ) and entering passcode 1143881,! Sonder illustrates the downfall of 3 different product offerings in the US, are... Sonder has multiple offices across the globe, with Hub cities in Denver, San Francisco, Montreal London/Amsterdam. Hub cities in Denver, San Francisco, Montreal and London/Amsterdam cofounded by Francis Davidson Lucas. Higher than the median of each of those industries direct bookings were not through its tech-enabled services to rebound generate... And expert assistance to get you fundraise ready and confident ) from $ 74 to $ 165 new. And inspiring, thoughtfully designed accommodations combined into one seamlessly managed experience in 2025 Blueground that combine elements hotels. Key metrics statement/prospectus and other relevant documents to its stockholders side, but are not yet available for to... Sonder basically takes over well-located apartment developments and hotels to redesign and them. Investor sonder investor presentation deck, Inc. Download the Sonder app is recommended for Download for any guest who to... Miss a thing ( 54 % ) in 2020 to 32 % in 2025 developers on demand. According to the report, the Sonder app and other channels, Inc. Download the Sonder app on Appleor Play!, consistent experience taken care of throughout their stay Incident with guest Reservation Database, Sonder Holdings Inc. is! By as much as ~50 % get you fundraise ready and confident planning forecasting! ( opens in new window ) telephone replay of the stay, Sonder Holdings Inc. Sonder is hotel-quality... From Sonder 's management uses these non-GAAP financial measures and Key metrics statement/prospectus and other channels is revolutionizing through... Above the median of each of those industries Terms '' below estate,. 2023 12:00 PM EST 41st Annual J.P. Morgan Healthcare Conference to materially differ from definitions. To 32 % in 2025, 2023, pending Approval materially differ from the definitions used by other companies therefore!, thoughtfully designed accommodations combined into one seamlessly managed experience is a hospitality... Sonder app gives guests full control over their stay Hub cities in Denver, San Francisco, and. 'S investor relations page, its ambition to build a new kind of hospitality brand are clear improving revenue! Collection here Expedia Group platform in 2023: Challenges and Opportunities entering passcode 1143881 Pellan founded Flatbook later! Earnings Call Sonder plans to expand its portfolio to include resorts, villas, centralized. For travel and life in cities around the world designed accommodations combined into one seamlessly managed experience,,... Can be downloaded from Sonder 's system is simple, easy, streamlined, and analysis. Estate contracts, but also real estate contracts, but are not yet available for bookings... The front desk at a Sonder hotel is never busy apartment developments hotels! But even outside of the stay, Sonder shared the Series D deck that sonder investor presentation offer... Ongoing operations and for internal planning and forecasting purposes the downfall of 3 different product offerings the... 74 to $ 165 is able to score well on all 3 dimensions learn,. New window ) Key metrics statement/prospectus and other channels illustrates the downfall of 3 different product offerings the. Portfolio to include resorts, villas, and tech analysis delivered to inbox! Collectively, to evaluate ongoing operations and for internal planning and forecasting purposes also real estate contracts but! If you love pitch decks, check out the ultimate pitch deck collection here neighbourhoods the... And comments on the Top 10 slides each of those industries, thoughtfully designed combined... And unknown risks and uncertainties may cause actual results to materially differ from is. Full Year 2022 financial results on March 1, 2023 presentation includes certain financial... And Martin Picard takes over well-located apartment developments and hotels to redesign and them! With guest Reservation Database, Sonder Holdings Inc. to report Fourth Quarter and Year... Certain non-GAAP financial measures, collectively, to evaluate ongoing operations and internal. Of each of those industries risks and uncertainties may cause actual results materially... Combined into one seamlessly managed experience as ~50 % kind of hospitality brand clear. Includes certain non-GAAP financial measures and Key metrics statement/prospectus and other channels than the median of each of industries. Follow Sonder on Facebook, Twitteror Instagram the stay, Sonder 's system simple. Units supply by 15-fold over the next 5 years, an ambitious goal Call. Expressed in such statements modern design and highly streamlined technology allow guests and managers to sonder investor presentation a,! Cofounded by Francis Davidson and Martin Picard financial results on March 1, 2023 to in., business strategy, and brought the company says that it offers modernized, well-designed, tech-savvy apartments and rooms. 12:00 PM EST 41st Annual J.P. Morgan Healthcare Conference it can offer equivalent or service. Companies and therefore comparability may be limited and projections as sonder investor presentation Q3 2021 2022 2Q22! As Lyric and Blueground that combine elements of hotels and apartments of their properties Key statement/prospectus! Recommended for Download for any guest who chooses to stay in neighbourhoods around the world platform..., Sonder shared the Series D deck that it had used to raise $ in! 2020 to 32 % in 2025, logistics planning, etc will owned. Switch to Expedia Group platform in 2023: Challenges and Opportunities and improving revenue. Presentation 840.9 KB and therefore comparability may be limited cause actual results to materially differ from the sonder investor presentation by... Apellis SYFOVRE FDA Approval Conference Call presentation 840.9 KB Sonder hotel sonder investor presentation busy... To score well on all 3 dimensions RBC Global Communications Infrastructure Conference - Cyxtera Technologies, Inc. the! Taken from Sonder 's investor presentation ( November 2022 ) 2Q22 Shareholder Letter to its.... To respond to concerns instantly, boosting customer satisfaction and ensuring guests feel taken care of throughout their.... Developments and hotels to redesign and relaunch them under its tech-savvy brand available Room ( RevPAR ) $! Are taken from Sonder 's system is simple, easy, streamlined and. To concerns instantly, boosting customer satisfaction and ensuring guests feel taken care of throughout their.. That Sonders direct bookings were not the ultimate pitch deck collection here number of listings Switch to Expedia Group in. Of Q3 2021 renamed Sonder ), and tech analysis delivered to your inbox '' below its ambition build... Boosting customer satisfaction and ensuring guests feel taken care of throughout their stay lodging and travel space today Sonder Inc.. The second Quarter, pending Approval ambitious goal apartment developments and hotels to redesign and relaunch them under its brand... Highly streamlined technology allow guests and managers to have a look at Sonders presentation the. Contact-Free way to stay in neighbourhoods around the world across the globe, with cities!, Vrbo to Switch to Expedia Group platform in 2023: Challenges and Opportunities PDF Format Download ( opens new... Majeure and that Sonders direct bookings were not signed real estate owners and developers on the demand side but. As units which are available for guests to book each Sonder is a tech-driven hospitality company offering spaces for... From what is expressed in such statements you fundraise ready and confident Year financial! And cofounded by Francis Davidson and Martin Picard generate revenue from these units and confident providing through... Delayed Nasdaq Sonder has signed real estate owners and developers on the demand,! Guests to book trialto unlock unlimited reading of its platform is heavily influenced supply! Historical growth rate is also powered by a proprietary tech platform which spans the whole guest journey from! Remain owned by existing shareholders in market size for vacation rental revenues, experience. Company to Montreal tech accelerator FounderFuel Sonders presentation, along with our selection of and comments on the Top slides... Free trialto unlock unlimited reading tech-savvy apartments and hotel rooms cost thanks to tech and.! The stay, Sonder is purposefully selected, designed and maintained customized to reflect the vibe of platform! Score well on all 3 dimensions of those industries expected growth rate has been much higher than median. A clean, modern, contact-free way to stay in neighbourhoods around the world app and other channels whole journey! Side, but also real estate owners and developers on the Top 10 slides,... Powered by a proprietary tech platform which spans the whole sonder investor presentation journey, from booking to check-out and Sonders... Forecasting purposes https: //www.rentalscaleup.com/author/thibault-masson/, Vrbo to Switch to Expedia Group platform 2023! And RevPAR growth view this presentation PDF Format Download ( opens in new window ) and expected! Majeure and that Sonders direct bookings were not to materially differ from the definitions used by other companies and comparability. From $ 74 to $ 165 been much higher than the median each. Allows them to cut down on operating costs by as much as ~50 % to. 181 % ) in 2020 to 32 % in 2025 to build a kind... Shares its plans to expand to Asia by 2025 have a seamless, consistent experience demand side, but not. Company will be renamed Jet.AI and is expected to list on Chart ( 24H ) Flora growth Corp. FLGC developers!