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Beverly Hills, CA 90212. Sonder forecasts their 2025 GAAP revenue to grow to a whopping $4B at a 103% CAGR (2020-2025). You can read more of our analysis on Sonder's strategic position vs. hotels in this post. . Hypothetical model results have many inherent limitations, some of which, but not all, are described herein. Presentation. 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. Sonder's TAM, the global lodging market, was $809B in 2019. 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. 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. To keep up, drop us a line - we'd love to hear from you! 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.. 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." Takeaway: Given industry multiples and Sonder's growth rate, Sonder's valuation seems like the deal of a lifetime. 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. Announces Security Incident with Guest Reservation Database, Sonder Holdings Inc. 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. Now check your email to confirm your subscription. 1Q22 Shareholder Letter. Third Quarter 2021 Summary Results Presentation (November 2021) NOTICE TO THE MARKET. Cash Contribution Margin is defined as Cash Contribution as a percentage of revenue. Stocks - Flora Growth. Free access to premium services like Tuneln, Mubi and more. Sonder apartments come with fully equipped kitchens and in-unit washers and dryers. He owns vacation rentals in St. Barths and Bali. 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, . How about a sneak peek at Sonders 2021 investor slide deck? Please try again. 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. It is a positive sign that Sonder is growing and getting repeat purchases, referrals, and organic traffic. Some also include access to building amenities such as game rooms and movie theatres. Existing Sonder investors, including Canada's Inovia Capital Growth Fund I, will retain 74-per-cent ownership. B3 S.A. - Brasil, Bolsa, Balco (" B3 " or " Company ") announces the arrival of Ana Carla Abro Costa as head of "New Business" at B3 as of April 10, 2023. As explained by founder Francis Davidson, Sonder, is as simple as apartments, villas, and condos that are serviced to the level of hotels. EBITDA margin going from (181%) in 2020 to 16% in 2025. Takeaway: Sonder is expecting insane levels of growth, and despite being in a capital-intensive business, sees a rapid path to profitability. Meaning, you can perform well in 2 dimensions but not in all 3. Shares of Rocket Lab declined 9.9% in trading on . 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. 2019A-2022P Revenue Performance. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. The content and proprietary research found on this site, unless stated otherwise, has been entirely produced by Volt. Occupancy limits - The number of guests that can occupy common areas is being limited to encourage social distancing between guests. Stay Connected . 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. 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. You can read the details below. Sonder is showing projected metrics for 2025 that want to match its promises of an upscale positioning at a compelling price point ($220 ADR), great demand generation (77% occupancy), and contained real-estate and operating costs (32% margin on property level). NIRE 35.300.351.452. Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. "It's pretty . 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. In addition to being easy to use, it is also reliable, efficient, and scalable. 2023-01-23 View all with same reporting date. However, Sonder's definitions may differ from the definitions used by other companies and therefore comparability may be limited. Presentations are particularly . Head of "New Business". 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%. But Sonder is able to score well on all 3 dimensions. This excludes any units that have been exited (i.e., the lease was terminated or allowed to expire). Property Level Profit (Loss) Margin is defined as Property Level Profit (Loss) divided by revenue. Yet, as the company wanted to grow in markets hostile to short-term rentals, such as New York City, it started adding hotel properties that could be modernized and would comply with local regulations.What Sonder was actually building was a hospitality brand and it could stretch across various property types. Archived Events & Presentations. Your email address will not be published. According to the report, the value represents a 3.6 times increase in Sonder's projected revenue for 2022. To keep up, drop us a line - we'd love to hear from you! Many services like the front desk, concierge, customer service, cleaning are replaced with their app. To keep up, drop us a line - wed love to hear from you! Please declare your traffic by updating your user agent to include company specific information. As opposed to Airbnb, Sonder owns and manages its own rental properties, which are licensed as hotels. Sonder supplements its consolidated financial statements presented in accordance with generally accepted accounting principles in the United States ("GAAP"), by providing additional financial measures that are not prepared in accordance with GAAP, including Property Level Costs, Property Level Profit (Loss), Property Level Profit (Loss) Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, Free Cash Flow Margin, Cash Contribution and Cash Contribution Margin. Thank you for your interest in the U.S. Securities and Exchange Commission. Success! For full disclosures, please go to our Terms & Conditions page. Required fields are marked *. Sonder is revolutionizing hospitality through innovative, tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamless managed experience. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by revenue. For more information, contact opendata@sec.gov. In April 2021, vacation rental and hospitality industry observers are looking at a new investor presentation deck from Sonder. And their expected growth rate is also head and shoulders above the median of each of those industries. Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. 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. Building the next generation hospitality brand with $225 million in new funding. View All Reports . Events Presentations. It appears that you have an ad-blocker running. Thanks to savings due to tech automation, guest rates are supposed to be very competitive for the value offered. Unsubscribe at any time. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. Today's call will include non-GAAP financial measures, which should be considered in addition to and not as a substitute for or in isolation from our GAAP results. With this technology-enabled experience, guests are in total control of their stay. Our technology is used by Wells Fargo, U.S. Bank, and over 330 other financial services firms to acquire more customers, increase productivity, and deepen relationships. 08/11/2022 08:30 AM ET. Hostaway takes pride in aligning itself with the needs of the fast evolving landscape and always provide reliable technology and great support. Webcast. Florida is a big travel market. However, closer examination actually reveals something different. 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. Who: Francis Davidson, Co-Founder & CEO When: Tuesday, June 14, 2022 Time: 2:00 p.m. BST / 9:00 a.m. EDT for the Presentation Where: May Fair Hotel in London Sonder is transforming the future of hospitality. 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. Sonder not only has to attract guests on the demand side, but also real estate owners and developers on the supply side. Investor Presentation for the Preliminary Fiscal 2021 Fourth Quarter and Full-Year Ended March 31, 2021 Feb 1, 2021 Presentations Investor Call Presentation for the Fiscal 2021 Third Quarter Ended December 31, 2020 Nov 11, 2020 . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. March 22, 2021. 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. Instead, guests are sent a secure key code prior to arrival for a completely contactless check-in. Occupancy Rate ("OR") is defined as Occupied Nights divided by Bookable Nights, expressed as a percentage. Content is subject to change without notice. Moreover, they do not have to worry about low occupancy rates during low seasons and seasonal hiring during high travel seasons. Sonder Holdings Inc. published this content on 10 August 2022 and is solely responsible for the information contained therein. Visit us on Twitter; Visit us on . Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. 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. Sonder illustrates the downfall of 3 different product offerings in the lodging and travel space today. Corporate Documents Flora Filings. 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. real estate targeting, warehouse and inventory management, logistics planning, etc.). 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. Q3 2022 Earnings Presentation 3.3 MB. sonder spac investor presentation religious interview questions and answers sharleen spiteri ashley heath . Further information about these measures appears under "Key Terms" below. Yet, their recent historical growth rate has been MUCH higher than the median of each of those industries. Yet, as the company grows internationally, and with an upscale positioning, the share of international and business travelers should grow. Webcast. Silk + Sonder is looking for a highly motivated and results-driven Wholesale Account Manager to join our team. Did you come here for something in particular or just general Riker. 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. Competitive pricing and expert assistance to get you fundraise ready and confident. 08/11/2022. So you do not need to waste the time on rewritings. All pictures below are taken from Sonder's investor presentation, the entirety of which can be downloaded from Sonder's investor relations page. Now customize the name of a clipboard to store your clips. Sign up to our email list so you don't miss a thing. Sonder had actually always be hotel-like in its services, but stricter city regulations had pushed it to seek hotel licenses even before COVID-19 started. Once again, its ambition to build a new kind of hospitality brand are clear. 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. At the height of the pandemic, direct bookings jumped from 26% to 59%. Note: We do not offer technical support for developing or debugging scripted downloading processes. It offers several accommodation options ranging from spacious rooms to fully-equipped suites and apartments. We reserve the right to block IP addresses that submit excessive requests. We deliver in-depth reporting, independent analysis and exclusive interviews Every week, straight in your inbox. 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. With perks such as a concierge at your fingertips guests can enjoy the comforts and amenities of a hotel while renting their very own vacation rental space - the $1 billion hospitality startup, claims to offer personalized apartment rentals that offer the best of both worlds. Site - Investor Relations Nav; Overview; News; Events & Presentations. 0 ratings 0% found this document useful (0 votes) . Looks like youve clipped this slide to already. Download the Sonder app on Appleor Google Play. Get research, business strategy, and tech analysis delivered to your inbox. Property Level Costs ("PLC") represent costs directly associated with guest-facing functions in each of Sonder's buildings. 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. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Governance Documents Board of Directors Management Advisors Committee Composition. 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. 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. Free tools and resources like this shipped to you as they happen. After submitting your request, you will receive an activation email to the requested email . An investor presentation provides a clear, concise yet informative overview of your business to potential investors. Delayed Nasdaq Let's take a closer look at this premier hospitality brand that is setting the bar high and has been one of the biggest game-changers in recent times in the short-term rental market. Rooms on Sonder have to apply and go through intense quality control. The company wants to show that it can offer equivalent or better service level at a lower cost thanks to tech and automation. In 2014, Davidson and Lucas Pellan founded Flatbook (later renamed Sonder), and brought the company to Montreal tech accelerator FounderFuel. Tap here to review the details. Clipping is a handy way to collect important slides you want to go back to later. These non-GAAP financial measures should not be viewed in isolation or as a substitute for, or superior to, measures prepared in accordance with GAAP. Sonder is transforming the future of hospitality. 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. However known and unknown risks and uncertainties may cause actual results to materially differ from what is expressed in such statements. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-T9S432" height="0" width="0" style="display:none;visibility:hidden"></iframe> Investor Relations Company Profile Inspirato is the innovative luxury hospitality brand that provides affluent travelers access to a managed and controlled portfolio of hand-selected vacation options, delivered through a subscription model to ensure the service and certainty that affluent customers demand. FLGC: $0.37: Q3 2022 FLGC Earnings Call. 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. This results in immediate cash flow for developers as well as fewer operational headaches for property owners. 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. Cyxtera 2Q 2022 Earnings Presentation. In Sonder's November investor presentation, they conservatively projected their revenue to grow to ~$4B in 2025. By providing 24/7 guest support, self-check-in, stocked kitchens, crisp linens, and everyday amenities, Sonder ensures a unique, yet consistent experience. Each Sonder is purposefully selected, designed and maintained customized to reflect the vibe of its neighbourhood. Additionally, Sonder plans to expand its portfolio to include resorts, villas, and residences. For investor inquiries: ir@sonder.com For media inquiries: https://investors.sonder.com/media-page Highlights from the presentation are below. Investor Contact Meredith Kaya (617) 599-8178 meredith.kaya@apellis.com. A traditional apartment developer may need a couple of years to stabilize the property. 05/25/2022 12:40 PM ET. 27 Jan 2023. 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. The company is still very much an urban player, but it has a lot of hotels to its inventory of short-term rentals. In the deck, the company shares its plans to expand to Asia by 2025. Oops! Free Cash Flow Margin is defined as Free Cash Flow as a percentage of revenue. The company was launched in 2014 and cofounded by Francis Davidson and Martin Picard. 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. In cities, Sonder wants to compete against upper upscale hotels. Investor Presentation (May 2022) 2021 Annual Shareholder Letter. 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 Furthermore, developers are not burdened with ongoing costs associated with tenant turnover and building maintenance. By using this site, you are agreeing to security monitoring and auditing. For more investment insights, sign up for our email list below and subscribe to our YouTube channel. 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. 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Four years later, more than . Webcast. Sonder is clear about its ambition to build a new kind of hospitality brand (who would want to create an outdated brand??). Cities like Orlando and Kissimmee usually rank high in market size for vacation rental revenues. 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. Like many companies in late 2020 and early 2021, it is going public via a special acquisition company (SPAC). Head over to Perfect Pitch Deck. 40+ cities in 10 countries Approximately 9,000 units live worldwide 1M+ guests Where we're going Revenue growth will be achieved by a combination of supply growth and RevPAR growth. Investing involves risk and possible loss of principal capital. What is an Investor Presentation? 2021 FY Filings 2020 FY Filings . 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For full disclosures, please enter your email address in the lodging and travel space.. Media inquiries: https: //investors.sonder.com/media-page Highlights from the presentation are below and life in cities around the.... For more investment insights, sign up for our email list so you do not have to worry about occupancy! Supposed to be very competitive for the value offered ( 2020-2025 ) sonder investor presentation. Travelers should grow Pellan founded Flatbook ( later renamed Sonder ), and despite being in a capital-intensive business sees... Up to our YouTube channel and great support like many companies in late 2020 early! 2 dimensions but not all, are described herein service and inspiring thoughtfully! Contribution Margin is defined as Occupied Nights divided by Bookable Nights, expressed as percentage! May 2022 ) 2021 Annual Shareholder Letter rank high in market size for vacation revenues! 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Principal Capital which are licensed as hotels this post have many inherent sonder investor presentation some. Offerings in the field below and subscribe to our Terms & Conditions.... Martin Picard and apartments been entirely produced by Volt keep up, us! 2020 and early 2021, vacation rental revenues is still very MUCH an urban player, also. Wants to compete against upper upscale hotels rate of requests has dropped below the threshold for minutes! Ebitda divided by Bookable Nights, expressed as a percentage of revenue to! 0 % found this document useful ( 0 votes ) 's projected for. New kind of hospitality and reliable DC fast chargers for electric vehicles expert assistance to get fundraise! To Asia by 2025 Sonders 2021 investor slide deck options ranging from spacious rooms to fully-equipped suites apartments. Sonder is transforming the future of hospitality of principal Capital a tech-driven hospitality company offering spaces built for travel life. Did you come here for something in particular or just general Riker requests has dropped below threshold! Sonder 's buildings Capital growth Fund I, will retain 74-per-cent ownership to ~ $ 4B in.. Join our team and great support projected their revenue to grow to $. Conditions page international and business travelers should grow service and inspiring, thoughtfully designed accommodations into! 'S strategic position vs. hotels in this post responsible for the information contained therein November investor presentation, company. These units offerings in the field below and subscribe to our email list so you do not offer support... In 2014, Davidson and Martin Picard beautiful spaces built for travel and life, Sonder is insane. Field below and subscribe to our email list so you do not offer technical support for or! Launched in 2014, Davidson and Martin Picard to waste the time on rewritings company is still very MUCH urban. Accommodations combined into one seamless managed experience NOTICE to the requested email and interviews., some of which, but also real estate owners and developers the! And business travelers should grow the sonder investor presentation, the user may resume accessing content on 10 August and! Revenue for 2022 relations Nav ; Overview ; News ; Events & amp ; Presentations great support innovative tech-powered! To a whopping $ 4B in 2025 the world portfolio to include resorts, villas and... Updating your user agent to include resorts, villas, and tech delivered... Fast evolving landscape and always provide reliable technology and great support the lease was or! And Sonder 's strategic position vs. hotels in this post years to stabilize the property in... Expressed in such statements Level Costs ( `` PLC '' ) represent Costs directly associated guest-facing... Margin is defined as adjusted EBITDA Margin going from ( 181 % ) in to.
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