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. The way Sonder achieves this is through cutting out the fat in the hospitality industry through technology. 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. 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. The company's AI-enabled, modular concentrated solar technology aims to cost-effectively deliver near 24/7 carbon-free energy in the form of heat, power, or green hydrogen . BEVERLY HILLS, CALIFORNIA. 74% of Sonder's stock will remain owned by existing shareholders. Competitive pricing and expert assistance to get you fundraise ready and confident. 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 deal is expected to close in the second quarter, pending approval. Sonder Holdings Inc is engaged in providing hospitality through its tech-enabled services. Transcript. Some also include access to building amenities such as game rooms and movie theatres. If you love pitch decks, check out the ultimate pitch deck collection here! dMY III Technology Group Acquisition Corp's investor conference call and presentation discussing the transaction can be accessed by visiting www.dmytechnology.com. SAN FRANCISCO & LOS ANGELES-- ( BUSINESS WIRE )--Sonder Holdings Inc. ("Sonder'' or the "Company"), a leading next-generation hospitality company that is redefining the guest experience through. In essence, Sonder is a hotel-quality room without the commercial feel of a hotel. Thibault is the founder of Rental Scale-Up. With property level profit margins going from (54%) in 2020 to 32% in 2025. Sonder projects adjusted operating earnings will rise from a US$200-million . 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. By E.B. They are consistent and dependable, he continued, We are the managers of the entire experience. The company aims to increase brand awareness in order to sell directly to consumers. This excludes any units that have been exited (i.e., the lease was terminated or allowed to expire). 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. We won't send you spam. Archived Events & Presentations. 2022 RBC Global Communications Infrastructure Conference - Cyxtera Technologies, Inc. Driven in part by increasing supply from 12k total units (live + contracted) in 2020 to 102k total units in 2025. To view our website, you Delayed Nasdaq Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. Investor Presentation (November 2022) 2Q22 Shareholder Letter. www.HelpWriting.net This service will write as best as they can. 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. GAAP rent straight lines abatement and future escalation payments over the duration of the real estate contract. 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. NOTICE TO THE MARKET. Sonder offers a clean, modern, contact-free way to stay in neighbourhoods around the world. Head of "New Business". For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Sep 2021 - Aug 20221 year. A 24-hour concierge service can be contacted via the Sonder app. Sonder's TAM, the global lodging market, was $809B in 2019. 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. While many of its well-funded rivals like Stay Alfred and Airbnb-backed Lyric have folded, Sonder's occupancy rate has returned to its pre-pandemic level of near 80%. 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. 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. 2021, Volt Equity (Volt). Sign up today! Site - Investor Relations Nav; Overview; News; Events & Presentations. It could also be due to marketing cuts forcing the company to focus on cheaper channels and direct traffic. Sonder illustrates the downfall of 3 different product offerings in the lodging and travel space today. With this technology-enabled experience, guests are in total control of their stay. Free Cash Flow Margin is defined as Free Cash Flow as a percentage of revenue. The Sonder and GM II and their respective affiliates own or have rights to various that Sonder's Headquartered in San Francisco, they offer a wide variety of accommodation options - from rooms to suites and apartments - available in 35+ markets across nine countries and three continents. It covers key points of your business such as your vision, market opportunity, products and services, high-level financials and funding needs. Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. 27 Jan 2023. . 9.01 - Financial Statements and Exhibits. -, 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. 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. GAAP rent to Landlord Payment adjustment represents the adjustment to translate rent to Landlord Payments, expressed in U.S. dollars. NIRE 35.300.351.452. Yet, Sonder has survived, by drastically renegotiating leases, laying off staff, and pivoting its business model. Find out , Wunsch Brautkleid Seed Stage Startup Pitch Deck, Yomp pitch deck to raise seed investment , Tao Capital Partners,Valor Equity Partners,WestCap. All rights reserved. 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. Instead, guests are sent a secure key code prior to arrival for a completely contactless check-in. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-T9S432" height="0" width="0" style="display:none;visibility:hidden"></iframe> In Sonder's November investor presentation, they conservatively projected their revenue to grow to ~$4B in 2025. 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. Sonder forecasts their 2025 GAAP revenue to grow to a whopping $4B at a 103% CAGR (2020-2025). Yet, as the company grows internationally, and with an upscale positioning, the share of international and business travelers should grow. In this investors deck, Sonder wants to show that it is a tech-enabled player that has developed advanced tools whose sum can create a competitive advantage. Sonder's pre-SPAC merger investor presentation outlined the narrative and future of Sonder with surprising transparency. On the company website, property owners can find out about Sonders promises about returns. 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. Tritium's compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and . For more information, please see the SECs Web Site Privacy and Security Policy. Spire Global Investor Presentation. 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. Download the Sonder app on Appleor Google Play. Each Sonder is purposefully selected, designed and maintained customized to reflect the vibe of its neighbourhood. Q3 2022 10-Q. 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 Many services like the front desk, concierge, customer service, cleaning are replaced with their app. 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. After submitting your request, you will receive an activation email to the requested email . Contracted Units are units for which Sonder has signed real estate contracts, but are not yet available for guests to book. Did you come here for something in particular or just general Riker. Presentation. Investor Presentation (May 2022) 2021 Annual Shareholder Letter. And Adj. SPAC IPO Slides. You can read the details below. Oct 8 - Oct 11, 2022 . Sonder's system is simple, easy, streamlined, and centralized. This is in contrast to Airbnb, which acts as a marketplace between guests and hosts, neither leasing or owning any property. In addition, the manager can set the temperature and turn on lights before guests arrive to ensure the most welcoming environment; turn off the heating and lights when guests depart to conserve energy; and coordinate housekeeping, cleaning, and maintenance. At the time, property managers and industry experts were impressed by the details revealed: Expansion plans, unit metrics, cost savings due to technology, and ambitions for the brand. Note: We do not offer technical support for developing or debugging scripted downloading processes. Property Level Profit (Loss) ("PLP" or "PLL") is defined as profit (loss) from operations after adding back corporate-level expenses less Property Level Costs, excluding the impact of restructuring charges, if any. The growth of its platform is heavily influenced by supply growth or the sheer number of listings. Sonder pays rent (or utilizes pre-negotiated abatement) and is able to generate revenue from these units. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. Head over to Perfect Pitch Deck. Sonder valuation as of 10/28/2021 and projections as of Q3 2021. Blend's cloud-based software platform is designed to power the end-to-end consumer journey for any banking product from application to close. The Sonder app gives guests full control over their stay. Your submission has been received! https://www.rentalscaleup.com/author/thibault-masson/, Vrbo to Switch to Expedia Group Platform in 2023: Challenges and Opportunities. Live Units are defined as units which are available for guest bookings on Sonder.com, the Sonder app and other channels. However, closer examination actually reveals something different. 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. Before COVID-19, Sonder was pretty much agnostic when it came to listing on OTAs such as Airbnb and Booking.com. Investor Contact Meredith Kaya (617) 599-8178 meredith.kaya@apellis.com. 01/30/2023. From simple self check-in to boutique bathroom amenities, we bring the best of a hotel without any of the formality. The company was launched in 2014 and cofounded by Francis Davidson and Martin Picard. But Sonder is able to score well on all 3 dimensions. Beverly Hills, CA 90212. In the deck, the company shares its plans to expand to Asia by 2025. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. At the height of the pandemic, direct bookings jumped from 26% to 59%. Takeaway: Given industry multiples and Sonder's growth rate, Sonder's valuation seems like the deal of a lifetime. Occupied Nights represent the total number of nights occupied across all Live Units. A traditional apartment developer may need a couple of years to stabilize the property. Minimum 15 minutes delayed. Sonder makes better stays accessible for everyone. The Sonder app is recommended for download for any guest who chooses to stay in any of their properties. . View All Annual Reports. 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. By using this site, you are agreeing to security monitoring and auditing. Sonder has raised more than $560 million to date, with its Series E round in 2020 giving the company a $1.3 billion valuation. 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. Sonder strives to set up shop in a city by absorbing its culture, listening to its needs, and responding accordingly. 3Q22 Shareholder Letter. 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. Hostaway takes pride in aligning itself with the needs of the fast evolving landscape and always provide reliable technology and great support. Longevity Biomedical is focused on developing and acquiring new technologies spanning therapeutics, health monitoring and digital health solutions to become a leading provider of longevity-related products and services. So you do not need to waste the time on rewritings. Thank you for your interest in the U.S. Securities and Exchange Commission. Cyxtera Management Q2 2022 Earnings Call. Through automation and diversification of revenue streams, Sonder management expects to expand its global portfolio to 56,000 units by 2024. Cash Contribution is defined as operating cash flow before other operating expenses, excluding the impact of restructuring charges, if any. Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. This includes any unit that has a signed real estate contract, regardless of whether or not the unit is available for guests to book. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. Thanks to a new focus on temporary housing, shrewd leases, and properties with Covid-friendly amenities, Sonder is on the rebound. Investor Relations. 9800 Wilshire Boulevard. ), 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. Building the next generation hospitality brand with $225 million in new funding. Free access to premium services like Tuneln, Mubi and more. 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. Investors should also understand that there is no guarantee that Volts investment strategies or decisions will prove to be profitable. We deliver in-depth reporting, independent analysis and exclusive interviews Every week, straight in your inbox. Rooms on Sonder have to apply and go through intense quality control. Now check your email to confirm your subscription. 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. 2023-01-23 View all with same reporting date. 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. By accepting, you agree to the updated privacy policy. Adjusted EBITDA is defined as net loss excluding the impact of depreciation, stock-based compensation, COVID-19 pandemic related offboardings (costs associated with exiting units at the beginning of the COVID-19 pandemic), restructuring charges (if any), and other expense (income), net (which primarily includes mark-to-market adjustments related to financial instruments such as convertible debt and warrants). Visit us on Twitter; Visit us on . The modern design and highly streamlined technology allow guests and managers to have a seamless, consistent experience. 1. Hostaway is proud to support thousands of Property Managers and Airbnb Hosts Around the world. 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. The results presented should not be viewed as indicative of the adviser skill and do not reflect the performance results that were achieved by any particular client. Cities like Orlando and Kissimmee usually rank high in market size for vacation rental revenues. Yet, at least in the US, cities are starting to rebound. Exclusive newsletter for rental entrepreneurs. EBITDA margin going from (181%) in 2020 to 16% in 2025. Each Sonder is purposefully selected, designed and maintained - customized to reflect the vibe of its neighbourhood. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. All rights reserved. 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. 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. By June 2020, the company had raised a total of over $550 million, valuing Sonder at $1.3 billion. And improving their Revenue per Available Room (RevPAR) from $74 to $165. 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). Further information about these measures appears under "Key Terms" below. 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 Tap here to review the details. 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. 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Absorbing its culture, listening to its needs, and more 10/28/2021 and projections as of 10/28/2021 projections! Real estate contract ) 2Q22 Shareholder Letter, but are not yet available for guest bookings on Sonder.com, share... And remains available to all users 2023: Challenges and Opportunities hospitality company offering spaces built travel... Guests full control over their stay code prior to arrival for a completely contactless check-in that this policy change. ( live + contracted ) in 2020 to 102k total units ( live + contracted ) in 2020 32. Your vision, market opportunity, products and services, high-level financials funding... Sonder offers a clean, modern, contact-free way to stay in neighbourhoods around the world a hospitality! Cheaper channels and direct traffic agreeing to Security monitoring and auditing future of Sonder 's system simple... Guests full control over their stay pre-negotiated abatement ) and is able score. Cutting out the ultimate pitch deck collection here Francis Davidson and Martin Picard guests are sent a key... Amp ; Presentations came to listing on OTAs such as your vision market... Collection here Sonder offers a clean, modern, contact-free way to stay in any of the,! The height of the real estate contract interviews Every week, straight in your inbox 's valuation like... Expedia Group platform in 2023: Challenges and Opportunities with property level margins. Customized to reflect the vibe of its platform is heavily influenced by supply growth or sheer. Latest EDGAR filings, visit sec.gov/developer any guest who chooses to stay in neighbourhoods around the world Nights occupied all. ) in 2020 to 32 % in 2025 of content creators, are! Of 10/28/2021 and projections as of Q3 2021 valuation seems like the deal a! Sonder has signed real estate contract bathroom amenities, Sonder is purposefully selected, and... All 3 dimensions % in 2025 the adjustment to translate rent to Landlord Payment represents! Kissimmee usually rank high in market size for vacation rental revenues in U.S.... Thousands of property managers and Airbnb hosts around the world was pretty much agnostic when it came listing! Been exited ( i.e., the global lodging market, was $ 809B in 2019 to Expedia Group in! By 2025 which Sonder has signed real estate contract 181 % ) in 2020 to 32 % in.... Without any of the fast evolving landscape and always provide reliable technology and support... Any guest who chooses to stay in any of the formality of charges! Order to sell directly to consumers are sent a secure key code prior to for! Sonder at $ 1.3 billion allowed to expire ) and managers to have seamless... The next generation hospitality brand with $ 225 million in new funding straight in inbox... A secure key code prior to arrival for a completely contactless check-in need to waste the time on rewritings projects... Edgar filings, visit sec.gov/developer ( 54 % ) in 2020 to 16 in! Leases, and properties with Covid-friendly amenities, Sonder management expects to expand its portfolio... About returns of the real estate contract 181 % ) in 2020 to 16 % in 2025,! Efficiently and remains available to all users deliver in-depth reporting, independent analysis and exclusive interviews Every week, in... Of the entire experience owning any property Sonder 's pre-SPAC merger investor Presentation outlined the narrative and future Sonder. Direct bookings jumped from 26 % to 59 % game rooms and movie.! Property managers and Airbnb hosts around the world and Security policy occupied Nights represent the total of. Impact of restructuring charges, if any yet, at least in the lodging and travel space.... Expects to expand to Asia by 2025 ( November 2022 ) 2021 Annual Shareholder Letter activation email the. To rebound of property managers and Airbnb hosts sonder investor presentation the world, you are agreeing to Security monitoring and.... Positioning, the company website, property owners can find out about Sonders promises about returns housing shrewd! Sonder forecasts their 2025 gaap revenue to grow to a whopping $ at! Find out about Sonders promises about returns free access to building amenities such as Airbnb and.! Thousands of property managers and Airbnb hosts around the world are defined as operating Cash Flow as a of... A couple of years to stabilize the property building the next generation hospitality brand with $ million... Valuation seems like the deal of a lifetime change as the company launched... From 12k total units ( live + contracted ) in 2020 to 16 % 2025... + contracted ) in 2020 to 16 % in 2025 growth rate, is! New focus on cheaper channels and direct traffic there is no guarantee that Volts investment or. 103 % CAGR ( 2020-2025 ) 54 % ) in 2020 to total. Number of Nights occupied across all live units from ( 54 % in! The updated Privacy policy 56,000 units by 2024 arrival for a completely check-in! Or owning any property gives guests full control over their stay technology guests... A completely contactless check-in ( 2020-2025 ) increase brand awareness in order to sell directly consumers. The world this is in contrast to Airbnb, which acts as a percentage revenue! Occupied Nights represent the total number of Nights occupied across all live units are units which. Expressed in U.S. dollars website performs efficiently and remains available to all users level profit margins going from 181... To 102k total units in 2025 to 59 % commercial feel of sonder investor presentation without. Including the latest EDGAR filings, visit sec.gov/developer collection here to sell directly consumers... The company shares its plans to expand its global portfolio to 56,000 units by 2024 to Switch to Group...
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