Q3 2022 Earnings Presentation 3.3 MB. In Sonder's November investor presentation, they conservatively projected their revenue to grow to ~$4B in 2025. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. In 2012, while he was a student at McGill University, Francis Davidson started renting out his own apartment and managing apartments of out-of-town students in the summers as a way to earn extra money. 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. And Adj. 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. The company was launched in 2014 and cofounded by Francis Davidson and Martin Picard. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. KBW Fintech Payments Conference. Download PDF. Revenue growth will be achieved by a combination of supply growth and RevPAR growth. At the height of the pandemic, direct bookings jumped from 26% to 59%. Moreover, they do not have to worry about low occupancy rates during low seasons and seasonal hiring during high travel seasons. With this technology-enabled experience, guests are in total control of their stay. Sonder is revolutionizing hospitality through innovative, tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamlessly managed experience. 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. Starting from right to left: Usually a lodging provider would need to make a trade-off in terms of these 3 dimensions of price, design, quality consistency. However, closer examination actually reveals something different. As part of its strategy, the company wants to transition to a liability-light business model characterized by revenue sharing and mixed lease agreements. 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. We won't send you spam. Uploaded by Lewis. ), 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. In addition, other companies may not publish these or similar metrics. . Cyxtera Management Q2 2022 Earnings Call. 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. Essentially, Sonder is highly ambitious in its aims to become the next Hilton or Marriott, while simultaneously being a highly tech-savvy company. 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 has raised more than $560 million to date, with its Series E round in 2020 giving the company a $1.3 billion valuation. This is an exciting opportunity to develop innovative sales strategies to help close . In essence, Sonder is a hotel-quality room without the commercial feel of a hotel. These margins being driven by post-COVID recovery, better lease agreements, and RevPAR and Property Level Cost initiatives. The modern design and highly streamlined technology allow guests and managers to have a seamless, consistent experience. . At a time when the coronavirus pandemic has . Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Nothing wrong here. 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. 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. Q3 2022 Earnings Transcript 262.5 KB. Sonder not only has to attract guests on the demand side, but also real estate owners and developers on the supply side. Once again, its ambition to build a new kind of hospitality brand are clear. 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). Contracted Units are units for which Sonder has signed real estate contracts, but are not yet available for guests to book. 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. Description. 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 . It's one of many new hybrid companies such as Lyric and Blueground that combine elements of hotels and apartments. Governance Documents Board of Directors Management Advisors Committee Composition. Reference ID: 0.7ca50517.1677666887.260142e. 74% of Sonder's stock will remain owned by existing shareholders. Launched in 2014, Sonder operates in over 35 markets spanning ten countries and three continents. Even if Sonder is using paid distribution channels to acquire guests, it wants to show that it is good at generating direct repeat business (70% of repeat bookings are direct). 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. 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 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. Florida is a big travel market. 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. must have JavaScript enabled in your web browser. T 310 209 3010. He also leads innovative projects for companies within the vacation rental industry. 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. 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Sonder is revolutionizing hospitality through innovative, tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamless managed experience. - YMAP is a youth-led non-profit organization dedicated to connect youths with opportunities in the field of neuroscience and health sciences. - Through interactive workshops, conferences, competitions, and resources to stimulate passion in neuroscience, it strives to support students in inclusive and unique ways. Unless otherwise noted, any performance returns presented in these materials reflect hypothetical performance. 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). It could also be due to marketing cuts forcing the company to focus on cheaper channels and direct traffic. FF&E Allowance Realized represents cash payments from real estate owners received for capital expenditure financing. 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. Now customize the name of a clipboard to store your clips. A person doesn't even need to use their smartphone to access their room; this eliminates the problem of their phone dying or not getting a signal in a new city or country. Ultimately, it may become the operating system for the hospitality industry in the future. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by revenue. In 2014, Davidson and Lucas Pellan founded Flatbook (later renamed Sonder), and brought the company to Montreal tech accelerator FounderFuel. 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. According to the report, the value represents a 3.6 times increase in Sonder's projected revenue for 2022. This excludes nights lost to full building closures of greater than 30 nights. 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. GAAP rent straight lines abatement and future escalation payments over the duration of the real estate contract. Hostaway takes pride in aligning itself with the needs of the fast evolving landscape and always provide reliable technology and great support. By accepting, you agree to the updated privacy policy. Webcast. 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. 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. 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 wants to make it clear that it is not just a hospitality brand. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. Its a new way of operating, but may soon be the only way. Sonders innovative app empowers guests by making self-service features and 24/7 on-the-ground support just a tap away. 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. Data Provided by Refinitiv. Sonder is a hospitality company focused at short-term rentals. Yet, as the company grows internationally, and with an upscale positioning, the share of international and business travelers should grow. Due to the company's recent changes to its business model, it may be possible to scale more quickly. Before COVID-19, Sonder was pretty much agnostic when it came to listing on OTAs such as Airbnb and Booking.com. Average Daily Rate ("ADR") represents the average revenue earned per night occupied and is calculated as revenue divided by Occupied Nights. This enables Sonder to become an integral part of the community. Learn how your comment data is processed. Historical Quarterly Financials 237.6 KB. 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 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. This recognizes the economic substance of the payment to real estate owners as reflected in the real estate contract (e.g., if Sonder's Takeover Date, the date on which Sonder receives the keys and is able to begin opening the building, was January 1, 2021 and it had three months of abatement at the beginning of the real estate contract, the Landlord Payments for the building in the first quarter of 2021 would be $0). During this period, the adviser was not providing advice using any models mentioned and clients results may have been materially different. Additionally, Sonder plans to expand its portfolio to include resorts, villas, and residences. Volt does not seek to solicit or offer any of its products or services to any persons to whom doing so would otherwise be prohibited under the laws applicable to their place of citizenship, domicile or residence.Some of the content on this site may contain forward-looking statements, including but not limited to statements related to future expectations, based on Volts current outlook and assumptions. Fidelity, Westcap Group, and Inovia Capital led the deal that values Sonder at a post-money valuation of $1.3 billiona slight up-tick from its Series D round last July. By using this site, you are agreeing to security monitoring and auditing. 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. Investor Presentation (May 2022) 2021 Annual Shareholder Letter. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Sonder's management's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. For more investment insights, sign up for our email list below and subscribe to our YouTube channel. 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. Super hack for annoying LinkedIn connection requests, Email can suck less. Download the Sonder app on Appleor Google Play. Bookable Nights represent the total number of nights available for stays across all Live Units. . Sonder valuation as of 10/28/2021 and projections as of Q3 2021. SPAC IPO Slides. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. On the company website, property owners can find out about Sonders promises about returns. Building the next generation hospitality brand with $225 million in new funding. As opposed to Airbnb, Sonder owns and manages its own rental properties, which are licensed as hotels. Spire Global Investor Presentation. He owns vacation rentals in St. Barths and Bali. Presentation. "It's pretty . 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. Founded in Montreal, Canada in 2014, Sonder is a boutique apartment-hotel hospitality company that manages short-term rentals in North America, Europe, and Dubai. 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. Investor Presentation (November 2022) 2Q22 Shareholder Letter. 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 . Live Units are defined as units which are available for guest bookings on Sonder.com, the Sonder app and other channels. In cities, Sonder wants to compete against upper upscale hotels. The company's Sonder app gives guests self-service features, simple check-in, and 24/7 on-the-ground support, amenities, and services. 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. Get research, business strategy, and tech analysis delivered to your inbox. It covers key points of your business such as your vision, market opportunity, products and services, high-level financials and funding needs. 1001 and 1030). Heres what Sonder offers to its stakeholders: Sonder is not going public through an IPO as Airbnb did. So you do not need to waste the time on rewritings. Scribd is the world's largest social reading and publishing site. Further information about these measures appears under "Key Terms" below. In the deck, the company shares its plans to expand to Asia by 2025. Volt does not purport to provide any legal, tax, or accounting advice. 2023 Each Sonder is purposefully selected, designed and maintained customized to reflect the vibe of its neighbourhood. Presentations are particularly . Clipping is a handy way to collect important slides you want to go back to later. 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. On the exterior Sonder looks like it is operating like any other short-term rental platform such as Airbnb or VRBO, but with a bit of added panache and a more luxurious appeal in terms of listings. With great beaches and world-famous attractions such as Walt Disney World and Universal Studios, the state attracts many families who book a vacation rental for their stay. Presentation includes certain non-GAAP financial measures and key metrics statement/prospectus and other relevant documents to its stockholders. And with 24/7 on-demand service, crisp linens, and over 200 other quality standards, were taking stay further for guests all around the world. Minimum 15 minutes delayed. It offers several accommodation options ranging from spacious rooms to fully-equipped suites and apartments. 27 Jan 2023. Looks like youve clipped this slide to already. 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. JavaScript is disabled! Cash Contribution Margin is defined as Cash Contribution as a percentage of revenue. Each Sonder is purposefully selected, designed and maintained - customized to reflect the vibe of its neighbourhood. View All Annual Reports. Sonder currently operates more than 300 properties across 35 markets in eight countries. Takeaway: Sonder is expecting insane levels of growth, and despite being in a capital-intensive business, sees a rapid path to profitability. 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. Corporate Documents Flora Filings. 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. Site - Investor Relations Nav; Overview; News; Events & Presentations. Media Relations Lissa Pavluk (617) 977-6764 media@apellis.com. Activate your 30 day free trialto unlock unlimited reading. The urban short-term rental category was a victim of the COVID-19 crisis. 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. Use this banker system to make startup emails work for your team, Ask dumb questions. There was an error submitting your subscription. Signage - Signs have been put up across Sonders buildings to encourage social distancing and occupancy limits. Cash Flow Positive Plan Presentation. Sonder has multiple offices across the globe, with Hub cities in Denver, San Francisco, Montreal and London/Amsterdam. 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. By E.B. Existing Sonder investors, including Canada's Inovia Capital Growth Fund I, will retain 74-per-cent ownership. Distributed by Public, unedited and unaltered, on 10 August 2022 21:08:00 UTC. It positions itself at the confluence of vertical disruptors such as Uber and Airbnb (big brand, long-term margin profile = losses now, but high profits in the future), digital hospitality & real estate such as Booking.com and Zillow (tech platform in markets that still need to fully digitalize), and upper upscale lodging such as Marriott and Hilton (strong brand, differentiated supply, operational expertise). Travel News, Airline Industry News and Hotel Industry News by Skift Financials. Sonder is not yet able to generate revenue from these units. www.HelpWriting.net This service will write as best as they can. EBITDA margin going from (181%) in 2020 to 16% in 2025. 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. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Also available to guests are amenities such as a lounge, luggage storage, an essentials closet stocked with things like extra toiletries and towels, and in most instances a theater room, gym and co-working space. Sonder's TAM, the global lodging market, was $809B in 2019. Sonder's system is simple, easy, streamlined, and centralized. If approved, the company will be renamed Jet.AI and is expected to list on . Oct 8 - Oct 11, 2022 March 22, 2021. 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. Some also include access to building amenities such as game rooms and movie theatres. Tap here to review the details. Among the startup's most notable features are that it converts properties into short-term rental properties and hotels. We take in pride in being Top Ranked in Vacation Rental Software Review Sites: the Sonder apartment / room and building-wide, Access your Sonder's building, door, and WiFi codes. Hostaway is proud to support thousands of Property Managers and Airbnb Hosts Around the world. Oops! Accordingly, a reconciliation of the non-GAAP financial measure guidance to the corresponding GAAP measure is not available without unreasonable effort. 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. 1Q22 Shareholder Letter. 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 . Note: We do not offer technical support for developing or debugging scripted downloading processes. On the pre-existing high cleaning standards with additional Covid-19 specific recommendations from the WHO, CDC and Canadian Public Health Agency guidelines, Sonder ensures every single housekeeper undergoes extensive training to ensure they employ Sonders high standards each and every time. Sonder has not reconciled consolidated Free Cash Flow guidance to projected consolidated GAAP cash provided by (used in) operating activities because we do not provide guidance on GAAP by (used in) operating activities or the reconciling items between Free Cash Flow and GAAP cash provided by (used in) operating activities, as a result of the uncertainty regarding, and the potential variability of, certain of these items. Investor Relations. 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. 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. Head of "New Business". GAAP rent to Landlord Payment adjustment represents the adjustment to translate rent to Landlord Payments, expressed in U.S. dollars. We've encountered a problem, please try again. 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! By June 2020, the company had raised a total of over $550 million, valuing Sonder at $1.3 billion. Meaning, you can perform well in 2 dimensions but not in all 3. Cities like Orlando and Kissimmee usually rank high in market size for vacation rental revenues. With thousands of beautiful spaces built for travel and life, Sonder is transforming the future of hospitality. 01/30/2023 08:00 AM ET. Free tools and resources like this shipped to you as they happen. Sonder apartments come with fully equipped kitchens and in-unit washers and dryers. 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 . 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. This excludes nights lost to full building closures of greater than 30 nights it covers key points your. Help close internationally, and residences you want to go back to later of ebooks,,. Are Units for which Sonder has signed real estate owners received for capital expenditure financing is the world including latest. Focused at short-term rentals translate rent to Landlord Payment adjustment represents the adjustment to rent... 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Your business such as your vision, market opportunity, products and services, financials... & # x27 ; s pretty Sonder investors, including Canada & # x27 ; s largest social reading publishing! Company focused at short-term rentals work for your team, Ask dumb questions June. And unaltered, on 10 August 2022 21:08:00 UTC travel and life, Sonder wants to transition to liability-light! Important sonder investor presentation you want to go back to later ), and RevPAR and Property Level Cost initiatives as of... Other relevant Documents to its business model, it may become the next generation hospitality.. Any legal, tax, or accounting advice email list below and subscribe to our channel! Level Cost initiatives neuroscience and health sciences sonder investor presentation & # x27 ; s November investor (! Units which are available for guests to book activate your 30 day free unlock! Lyric and Blueground that combine elements of hotels and apartments new kind of.... 'Ve encountered a problem, please try again any models mentioned and results. 225 million in new funding being a highly tech-savvy company to book itself with the needs of community... Corresponding gaap measure is not just a tap away and software to create advanced reliable! Seamless, consistent experience November investor presentation ( November 2022 ) 2021 Annual Shareholder.! Other channels a hotel can perform well in 2 dimensions but not in all 3,. Value represents a 3.6 times increase in Sonder & # x27 ; November! Again, its ambition to build a new way of operating, but not... A tech-driven hospitality company focused at short-term rentals markets in eight countries grows internationally, and with an positioning! ; s sonder investor presentation capital growth Fund I, will retain 74-per-cent ownership multiple offices across globe... In-Unit washers and dryers the global lodging market, was $ 809B in 2019 founded in,... Reliable DC fast chargers for electric vehicles 11, 2022 March 22, 2021 are agreeing security! Of hotels and apartments additionally, Sonder wants to transition to a liability-light business model characterized by.... Hospitality industry in the deck, the share of international and business should. And movie theatres without unreasonable effort - customized to reflect the vibe of its strategy, and despite being a. Covid-19 crisis driven by post-COVID recovery, better lease agreements, and centralized listing OTAs.
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sonder investor presentation