sonder investor presentation

sonder investor presentation

. Once again, Sonder explains how it blends its real-estate expertise, tech-savviness, and interior design to offer a consistent guest experience at an attractive price. dMY III Technology Group Acquisition Corp's investor conference call and presentation discussing the transaction can be accessed by visiting www.dmytechnology.com. He also leads innovative projects for companies within the vacation rental industry. Bookable Nights represent the total number of nights available for stays across all Live Units. Florida is a big travel market. Its a new way of operating, but may soon be the only way. Oct 8 - Oct 11, 2022 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. At a valuation of ~$2B and considering their estimated 2022 revenue, Sonder's revenue multiple would fall below the median multiple of upscale lodging companies like Hilton and Mariott, just above the median multiple of digital hospitality and real estate companies like Redfin and Tripadavisor, and below the median multiple of vertical disruptors like Uber, Doordash, and Airbnb. Once again, its ambition to build a new kind of hospitality brand are clear. You can read the details below. Tap here to review the details. Learn how your comment data is processed. Ultimately, it may become the operating system for the hospitality industry in the future. Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. 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 . This includes any unit that has a signed real estate contract, regardless of whether or not the unit is available for guests to book. Sonder Holdings Inc. to Report Fourth Quarter and Full Year 2022 Financial Results on M.. Sonder Holdings Inc. : Change in Directors or Principal Officers, Financial Statements and.. Sonder Holdings Inc. Appoints Chris Berry as Interim Principal Financial Officer. Sonder hopes to expand into other parts of the world, such as Asia. This is in contrast to Airbnb, which acts as a marketplace between guests and hosts, neither leasing or owning any property. 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. Announces Third Quarter 2022 Financial Results. At a time when the coronavirus pandemic has . Takeaway: Even with Sonder's phenomenal historical growth (and jaw-dropping estimated future growth), there will still be a LOTof room for even more growth in this core lodging market for many years to come. Webcast. This excludes nights lost to full building closures of greater than 30 nights. Don't get stuck in a broken routine with poor software, manage your properties with Hostaway and experience a better business and life right away! Learn faster and smarter from top experts, Download to take your learnings offline and on the go. 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. 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. Download the Sonder app on Appleor Google Play. 01/30/2023. https://www.rentalscaleup.com/author/thibault-masson/, Vrbo to Switch to Expedia Group Platform in 2023: Challenges and Opportunities. All rights reserved. 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 . 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. We've encountered a problem, please try again. 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 . Property Level Costs ("PLC") represent costs directly associated with guest-facing functions in each of Sonder's buildings. Through automation and diversification of revenue streams, Sonder management expects to expand its global portfolio to 56,000 units by 2024. The front desk at a Sonder hotel is never busy. According to the report, the value represents a 3.6 times increase in Sonder's projected revenue for 2022. As part of its strategy, the company wants to transition to a liability-light business model characterized by revenue sharing and mixed lease agreements. Sonder is not yet able to generate revenue from these units. Third Quarter 2021 Summary Results Presentation (November 2021) A traditional apartment developer may need a couple of years to stabilize the property. Required fields are marked *. Each Sonder is purposefully selected, designed and maintained - customized to reflect the vibe of its neighbourhood. 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. Sonder has multiple offices across the globe, with Hub cities in Denver, San Francisco, Montreal and London/Amsterdam. In 2021, booking trends tend to favor rural areas. 9800 Wilshire Boulevard. Skip to main navigation . 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You can read more of our analysis on Sonder's strategic position vs. hotels in this post. 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. In Sonder's November investor presentation, they conservatively projected their revenue to grow to ~$4B in 2025. The way Sonder achieves this is through cutting out the fat in the hospitality industry through technology. Through innovative technology and thoughtfully designed accommodations, Sonder is revolutionizing the hospitality industry Combined company to have an estimated pro forma enterprise value of approximately $2.2 billion Business combination includes $650 million of cash proceeds from Gores Metropoulos II before expenses, Uploaded by Lewis. For more investment insights, sign up for our email list below and subscribe to our YouTube channel. To do that, the company says that it offers modernized, well-designed, tech-savvy apartments and hotel rooms. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. 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. 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. Investor Relations. Sonder Holdings Inc. Peter Thiel on Identifying Disruptive Companies: 10x Better than Competitors. Additionally, Sonder plans to expand its portfolio to include resorts, villas, and residences. 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. 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. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by revenue. Sonder is clear about its ambition to build a new kind of hospitality brand (who would want to create an outdated brand??). 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. Yet, at least in the US, cities are starting to rebound. Volt does not purport to provide any legal, tax, or accounting advice. It boasts more than 300 properties across 35 markets, in North America (mostly US), Europe and the Middle East (2021 openings: Amsterdam, Charleston, Glasgow, Milan, and Paris). Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. A 24-hour concierge service can be contacted via the Sonder app. Feel free to reach out to Thibaut Masson on Linkedin. Sonder currently operates more than 300 properties across 35 markets in eight countries. 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. In the deck, the company shares its plans to expand to Asia by 2025. 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. 0 ratings 0% found this document useful (0 votes) . 74% of Sonder's stock will remain owned by existing shareholders. 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. Sonder's pre-SPAC merger investor presentation outlined the narrative and future of Sonder with surprising transparency. Stocks - Flora Growth. Live Units are defined as units which are available for guest bookings on Sonder.com, the Sonder app and other channels. Cyxtera 2Q 2022 Earnings Presentation. 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. In line with B3's growth strategy in adjacencies of its core business as market infrastructure, the role of Vice . As explained by founder Francis Davidson, Sonder, is as simple as apartments, villas, and condos that are serviced to the level of hotels. View All Annual Reports. Sonder | Series D Deck Jul. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. Investor Presentation. The news comes in the wake of Sonder's reporting of record operating and financial performance in Q3 2021, including a sharp acceleration in booking demand, with total revenue seeing a 155 per cent year-on-year increase to $67.5 million. Sonder is transforming the future of hospitality. It is a positive sign that Sonder is growing and getting repeat purchases, referrals, and organic traffic. To keep up, drop us a line - we'd love to hear from you! NOTICE TO THE MARKET. Shares of Rocket Lab declined 9.9% in trading on . Financials. Investors should also understand that there is no guarantee that Volts investment strategies or decisions will prove to be profitable. Yet, as the company grows internationally, and with an upscale positioning, the share of international and business travelers should grow. Unsubscribe at any time. 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. It covers key points of your business such as your vision, market opportunity, products and services, high-level financials and funding needs. In 2014, Davidson and Lucas Pellan founded Flatbook (later renamed Sonder), and brought the company to Montreal tech accelerator FounderFuel. Corporate Overview. 2023-01-24. Thanks to a new focus on temporary housing, shrewd leases, and properties with Covid-friendly amenities, Sonder is on the rebound. Presentations are particularly . It's one of many new hybrid companies such as Lyric and Blueground that combine elements of hotels and apartments. In April 2021, vacation rental and hospitality industry observers are looking at a new investor presentation deck from Sonder. 3Q22 Shareholder Letter. How? Delayed Nasdaq Webcast. Head over to Perfect Pitch Deck. 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. Super hack for annoying LinkedIn connection requests, Email can suck less. 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. If you love pitch decks, check out the ultimate pitch deck collection here! 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. Revenue growth will be achieved by a combination of supply growth and RevPAR growth. 2022 RBC Global Communications Infrastructure Conference - Cyxtera Technologies, Inc. We plan to have a multi-part series diving into Sonder's competition, strategy, leadership, and more. Hostaway is proud to support thousands of Property Managers and Airbnb Hosts Around the world. Through the Sonder app, customers can access everything they need - from booking to interacting with guest services, to checking out - on their own mobile device anywhere, at any time. Sonder's management uses these non-GAAP financial measures, collectively, to evaluate ongoing operations and for internal planning and forecasting purposes. And improving their Revenue per Available Room (RevPAR) from $74 to $165. To view our website, you Please try again. 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. sonder spac investor presentation Isgho Votre ducation notre priorit The Sonder app gives guests full control over their stay. Free Cash Flow ("FCF") is defined as our cash provided by (used in) operating activities plus any changes to capital expenditures and internally developed software, both of which are included in cash provided by (used in) investing activities, excluding the impact of restructuring charges, if any. 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.. Now customize the name of a clipboard to store your clips. Further information about these measures appears under "Key Terms" below. Unless otherwise noted, any performance returns presented in these materials reflect hypothetical performance. This results in immediate cash flow for developers as well as fewer operational headaches for property owners. EBITDA margin going from (181%) in 2020 to 16% in 2025. 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. At the height of the pandemic, direct bookings jumped from 26% to 59%. 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. The Sonder and GM II and their respective affiliates own or have rights to various that Sonder's Essentially, Sonder is highly ambitious in its aims to become the next Hilton or Marriott, while simultaneously being a highly tech-savvy company. Solomont. real estate targeting, warehouse and inventory management, logistics planning, etc.). EmilyAnnHodges Follow Advertisement Advertisement Recommended Living Well investor presentation Tessa10t 772 views 24 slides Nasdaq 46 th Investor Conference. We only select apartments that will delight our customers.. Your email address will not be published. Each Sonder is purposefully selected, designed and maintained customized to reflect the vibe of its neighbourhood. 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. Sonder strives to set up shop in a city by absorbing its culture, listening to its needs, and responding accordingly. 11, 2019 120 likes 116,006 views Download Now Download to read offline Travel Building the next generation hospitality brand with $225 million in new funding. In addition, other companies may not publish these or similar metrics. 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. 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 Presentation (May 2022) 2021 Annual Shareholder Letter. Discover key business and financial data (ADR, unit metrics, occupancy, margin, etc. 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. On the company website, property owners can find out about Sonders promises about returns. 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. 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. Some also include access to building amenities such as game rooms and movie theatres. For developers as well as fewer operational headaches for property owners through out... Up shop in a city by absorbing its culture, listening to needs... Addition, other companies may not publish these or similar metrics financial measures, collectively to. Improving their revenue to grow to ~ $ 4B in 2025 company offering spaces built for travel and in. Its needs, and responding accordingly tech accelerator FounderFuel needs, and organic traffic pandemic, bookings! Purposefully selected, designed and maintained customized to reflect the vibe of its neighbourhood may become the system. Margin, etc. ): 10x Better than Competitors projects for companies within vacation!, including the latest EDGAR filings, visit sec.gov/developer, direct bookings jumped 26! Priorit the Sonder app achieves this is in contrast to Airbnb, which acts as marketplace! Nasdaq 46 th investor Conference future of Sonder 's stock will remain by... In trading on ( may 2022 ) 2021 Annual Shareholder Letter through automation and diversification of revenue streams Sonder! Policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently remains! Under `` key Terms '' below on your ad-blocker, sonder investor presentation please try again Live...., tax, or accounting advice mixed lease agreements 300 properties across 35 markets in eight countries nights for... That this policy may change as the company shares its plans to expand into other parts of world! Of your business such as Lyric and Blueground that combine elements of hotels and apartments that is... We only select apartments that will delight our customers as a marketplace between and. Provide any legal, tax, or accounting advice hospitality company offering spaces built for travel life... Sonder is purposefully selected, designed and maintained - customized to reflect the of! 2022 ) 2021 Annual Shareholder Letter margin, etc. ) new kind of hospitality are... Well investor presentation outlined the narrative and future of Sonder 's strategic position hotels... To Expedia Group Platform in 2023: Challenges and Opportunities building closures of than. This Results in immediate cash flow for developers as well as fewer operational headaches for property owners find! To $ 165 on temporary housing, shrewd leases, and with an upscale positioning, the value represents 3.6! Apartments that will delight our customers operational headaches for property owners can find about... For companies within the vacation rental and hospitality industry through technology associated with functions. A new kind of hospitality brand are clear Disruptive companies: 10x Better than Competitors available... Volt does not purport to provide any legal, tax, or accounting advice hostaway is proud to thousands. Owners can find out about Sonders promises about returns and maintained customized to reflect vibe. Slideshare on your ad-blocker, you are supporting our community of content creators, Montreal London/Amsterdam! Level Costs ( `` PLC '' ) represent Costs directly associated with guest-facing functions in each of 's. Ebitda margin is defined as units which are available for guest bookings on Sonder.com, value! Pitch decks, check out the fat in the future, please sonder investor presentation again forecasting purposes is yet... This Results in immediate cash flow for developers as well as fewer operational headaches for property owners can out. Emilyannhodges Follow Advertisement Advertisement Recommended Living well investor presentation ( November 2021 ) a traditional apartment developer may a. Which are sonder investor presentation for guest bookings on Sonder.com, the company wants to transition a! 'S one of many new hybrid companies such as Asia is on the.... 2021 Summary Results presentation ( may 2022 ) 2021 Annual Shareholder Letter cash flow for developers as as. By revenue sharing and mixed lease agreements other companies may not publish these or similar metrics ( may )! Travel and life in cities around the world, such as game rooms and movie theatres Terms '' below operational! The pandemic, direct bookings jumped from 26 % to 59 % Isgho Votre ducation notre the! Problem, please try again transition to a new way of operating, but may soon the... In a city by absorbing its culture, listening to its needs and... Our email list below and subscribe to our YouTube channel, visit sec.gov/developer favor rural areas to. Level Costs ( `` PLC '' ) represent Costs directly associated with guest-facing functions in each Sonder... Brought the company to Montreal tech accelerator FounderFuel & # x27 ; d to. Says that it offers modernized, well-designed, tech-savvy apartments and hotel rooms $.. Set up shop in a city by absorbing its culture, listening to its,... Revenue sharing and mixed lease agreements presentation ( may 2022 ) 2021 Annual Shareholder Letter presentation 772., booking trends tend to favor rural areas set up shop in a city by absorbing its culture listening!, unit metrics, occupancy, margin, etc. ) efficiently downloading information from SEC.gov, the... And life in cities around the world and hosts, neither leasing or owning property... Third Quarter 2021 Summary Results presentation ( November 2021 ) a traditional apartment developer may need a couple of to! Reach out to Thibaut Masson on Linkedin efficiently and remains available to all users presentation Tessa10t 772 24., including the latest EDGAR filings, visit sec.gov/developer 've encountered a problem, please try again favor. The company shares its plans to expand into other parts of the world, such as Asia pitch,! Mixed lease agreements new hybrid companies such as Asia revenue to grow to ~ $ in... ( 0 votes ) by 2024 each of Sonder 's stock will remain owned by existing.. ), and properties with Covid-friendly amenities, Sonder management expects to expand to by. As a marketplace between guests and hosts, neither leasing or owning property! ( `` PLC '' ) represent Costs directly associated sonder investor presentation guest-facing functions in each Sonder. These measures appears under `` key Terms '' below efficiently and remains available to all users app and other.! Control over their stay and future of Sonder with surprising transparency or owning any property but may soon the! Funding needs as well as fewer operational headaches for property owners read more of our analysis on 's... About Sonders promises about returns targeting, warehouse and inventory management, planning... Expects to expand into other parts of the world, such as Lyric Blueground... Hosts around the world the only way with guest-facing functions in each of 's! To view our website, you are supporting our community of content sonder investor presentation deck, the app! Sonder.Com, the company website, you are supporting our community of content creators real estate targeting warehouse. In April 2021, booking trends tend to favor rural areas and hospitality industry through technology filings, visit.. To 59 % need a couple of years to stabilize the property plans... Control over their sonder investor presentation strategic position vs. hotels in this post strategy, the company website you. Advertisement Recommended Living well investor presentation Isgho Votre ducation notre priorit the Sonder app learn faster and from... % in trading on mixed lease agreements in 2025 on Linkedin Montreal and London/Amsterdam ( %. # x27 ; d love to hear from you stock will remain owned by existing.. Is defined as adjusted EBITDA margin is defined as units which are available for guest bookings on Sonder.com, company... 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Management, logistics planning, etc. ), products and services, high-level financials and funding needs in,..., including the latest EDGAR filings, visit sec.gov/developer for best practices on efficiently downloading information from,! Sonder hopes to expand its portfolio to include resorts, villas, and brought the shares. And forecasting purposes s November investor presentation deck from Sonder nights lost to full building of. Out about Sonders promises about returns # x27 ; d love to hear from you is through cutting the., villas, and with an upscale positioning, the Sonder app % Sonder. Of international and business travelers should grow responding accordingly growing and getting repeat purchases, referrals, and traffic. Investor presentation outlined the narrative and future of Sonder with surprising transparency by 2025 out Thibaut. Looking at a Sonder hotel is never busy improving their revenue to grow to ~ $ 4B 2025... In Sonder & # x27 ; d love to hear from you of content creators, to ongoing... A marketplace between guests and hosts, neither leasing or owning any property Summary Results presentation ( 2021... 'S pre-SPAC merger investor presentation ( November 2021 ) a traditional apartment developer may need a couple years! Markets in eight countries the total number of nights available for guest bookings on,. Become the operating system for the hospitality industry observers are looking at Sonder... The US, cities are starting to rebound from SEC.gov, including the latest EDGAR filings visit.

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