This results in immediate cash flow for developers as well as fewer operational headaches for property owners. Investor Presentation (November 2022) 2Q22 Shareholder Letter. Highlights from the presentation are below. 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. Sonder has raised more than $560 million to date, with its Series E round in 2020 giving the company a $1.3 billion valuation. Download PDF. Please declare your traffic by updating your user agent to include company specific information. 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 . Like many companies in late 2020 and early 2021, it is going public via a special acquisition company (SPAC). 74% of Sonder's stock will remain owned by existing shareholders. EBITDA margin going from (181%) in 2020 to 16% in 2025. 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. Distributed by Public, unedited and unaltered, on 10 August 2022 21:08:00 UTC. Description. 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." Competitive pricing and expert assistance to get you fundraise ready and confident. 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. Investor Presentation - March 2021. Many services like the front desk, concierge, customer service, cleaning are replaced with their app. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Use this banker system to make startup emails work for your team, Ask dumb questions. Travel News, Airline Industry News and Hotel Industry News by Skift If approved, the company will be renamed Jet.AI and is expected to list on . It offers several accommodation options ranging from spacious rooms to fully-equipped suites and apartments. However, closer examination actually reveals something different. In 2021, booking trends tend to favor rural areas. 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. Here, Sonder wants to show that its urban properties can catch this wave, as younger people are willing to travel and as international and business travel are still a bit down.This is snapshot which makes sense today. March 22, 2021. Sonder makes better stays accessible for everyone. Through automation and diversification of revenue streams, Sonder management expects to expand its global portfolio to 56,000 units by 2024. Site - Investor Relations Nav; Overview; News; Events & Presentations. It's one of many new hybrid companies such as Lyric and Blueground that combine elements of hotels and apartments. The growth of its platform is heavily influenced by supply growth or the sheer number of listings. JMP Securities Adjusts Price Target on Sonder Holdings to $2.75 From $3.25, Maintains M.. Oppenheimer Adjusts Sonder Holdings Price Target to $4 From $3.75, Maintains Outperform.. JMP Securities Adjusts Sonder Holdings' Price Target to $3.50 from $8, Keeps Market Out.. Blend's cloud-based software platform is designed to power the end-to-end consumer journey for any banking product from application to close. Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. 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. Beverly Hills, CA 90212. 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. During this period, the adviser was not providing advice using any models mentioned and clients results may have been materially different. According to the report, the value represents a 3.6 times increase in Sonder's projected revenue for 2022. In Sonder's November investor presentation, they conservatively projected their revenue to grow to ~$4B in 2025. 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. Volt does not purport to provide any legal, tax, or accounting advice. A telephone replay of the call is available by dialing 1-844-512-2921 (toll/international 1-412-317-6671) and entering passcode 1143881. Learn how your comment data is processed. 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. The same applies to hotel owners. Sep 2021 - Aug 20221 year. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. Please try again. 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. Sign up to our email list so you don't miss a thing. The Sonder and GM II and their respective affiliates own or have rights to various that Sonder's Thank you for your interest in the U.S. Securities and Exchange Commission. And their expected growth rate is also head and shoulders above the median of each of those industries. Delayed Nasdaq 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. To do that, the company says that it offers modernized, well-designed, tech-savvy apartments and hotel rooms. Yet, at least in the US, cities are starting to rebound. 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. Gores Metropoulos raised $450 million in a January initial public offering. Yet, the presentation deck also shows how Sonder has adapted its business model and became more resilient. Total Portfolio represents Live Units plus Contracted Units. Florida is a big travel market. When it comes to comparing its metrics, such as RevPar and operating costs, Sonder is comparing itself to hotels, especially to upper upscale hotels where guest rates and service costs are high. Super hack for annoying LinkedIn connection requests, Email can suck less. sonder spac investor presentation religious interview questions and answers sharleen spiteri ashley heath . He also leads innovative projects for companies within the vacation rental industry. The company wants to show that it can offer equivalent or better service level at a lower cost thanks to tech and automation. Oct 8 - Oct 11, 2022 In line with B3's growth strategy in adjacencies of its core business as market infrastructure, the role of Vice . 2023 Investor Relations. 27 Jan 2023. 9800 Wilshire Boulevard. Due to the company's recent changes to its business model, it may be possible to scale more quickly. Feel free to reach out to Thibaut Masson on Linkedin. SoFi delivered over $200 million in total net revenue in the third quarter of 2020 and is on track to generate approximately $1 billion of estimated adjusted net revenue in 2021, representing. Sonder Holdings Inc. to Report Fourth Quarter and Full Year 2022 Financial Results on March 1, 2023. 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. 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. Each Sonder is purposefully selected, designed and maintained - customized to reflect the vibe of its neighbourhood. Third Quarter 2021 Summary Results Presentation (November 2021) Yet, their recent historical growth rate has been MUCH higher than the median of each of those industries. And Adj. The company's Sonder app gives guests self-service features, simple check-in, and 24/7 on-the-ground support, amenities, and services. Guests who cancel their booking any time before their stay will receive Sonder credit for the full value for one year. For full disclosures, please go to our Terms & Conditions page. It is a positive sign that Sonder is growing and getting repeat purchases, referrals, and organic traffic. A 24-hour concierge service can be contacted via the Sonder app. By accepting, you agree to the updated privacy policy. According to a report published by betakit, Sonder co-founder and CEO Francis Davidson opened up about the acquisition plans in April 2021, and SEC filings confirm that the company reached an agreement with Gores. 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. On the company website, property owners can find out about Sonders promises about returns. The way Sonder achieves this is through cutting out the fat in the hospitality industry through technology. But even outside of the stay, Sonder leverages home-grown technology to optimize backend operations (e.g. Governance. 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. Sonder wants to be a global hospitality brand and has already expanded internationally. Below are the highlights from the presentation. 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. 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. From simple self check-in to boutique bathroom amenities, we bring the best of a hotel without any of the formality. Circle | USDC, Payments & Treasury Infrastructure for Businesses The information that can be accessed through hyperlinks or website addresses included herein is deemed not to be incorporated in or part of this presentation. T 310 209 3010. The deal is expected to close in the second quarter, pending approval. Overview | Sonder Holdings Inc. Investor Relations Resources & Information Company Overview Sonder is revolutionizing hospitality through innovative, tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamlessly managed experience. EX-99.2 3 ea135103ex99-2_forestroad.htm INVESTOR PRESENTATION Exhibit 99.2 . BEVERLY HILLS, CALIFORNIA. Ultimately, it may become the operating system for the hospitality industry in the future. Peter Thiel on Identifying Disruptive Companies: 10x Better than Competitors. Sonder offers a clean, modern, contact-free way to stay in neighbourhoods around the world. - YMAP is a youth-led non-profit organization dedicated to connect youths with opportunities in the field of neuroscience and health sciences. Sonder illustrates the downfall of 3 different product offerings in the lodging and travel space today. 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. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. Existing Sonder investors, including Canada's Inovia Capital Growth Fund I, will retain 74-per-cent ownership. Sonder's system is simple, easy, streamlined, and centralized. Lets have a look at Sonders presentation, along with our selection of and comments on the Top 10 slides. 02/28/2023 11:00 AM ET. 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. We won't send you spam. Sonder features contactless service on its guest app, allowing it to carry out more requests with contract-free service. Sonder strives to set up shop in a city by absorbing its culture, listening to its needs, and responding accordingly. The company aims to increase brand awareness in order to sell directly to consumers. It could be that bookings from OTAs like Airbnb and Booking.com were canceled by force majeure and that Sonders direct bookings were not. 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. Oops! Required fields are marked *. Reference ID: 0.7ca50517.1677666887.260142e. Launched in 2014, Sonder operates in over 35 markets spanning ten countries and three continents. Before COVID-19, Sonder was pretty much agnostic when it came to listing on OTAs such as Airbnb and Booking.com. Essentially, Sonder is highly ambitious in its aims to become the next Hilton or Marriott, while simultaneously being a highly tech-savvy company. 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 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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