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. 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 Activate your 30 day free trialto continue reading. 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. 2021, Volt Equity (Volt). 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 . Its backers have included Fidelity, WestCap, ScaleUP Ventures, Real Ventures and Inovia Capital, among others. 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, 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. To do that, the company says that it offers modernized, well-designed, tech-savvy apartments and hotel rooms. We're a very locally driven organization, with teams on the ground in cities across the world. Sep 2021 - Aug 20221 year. 9.01 - Financial Statements and Exhibits. Airbnb Plus and Luxe in 2023: A Comeback Story for Premium Stays? GAAP rent to Landlord Payment adjustment represents the adjustment to translate rent to Landlord Payments, expressed in U.S. dollars. Sonder illustrates the downfall of 3 different product offerings in the lodging and travel space today. EX-99.2 3 ea135103ex99-2_forestroad.htm INVESTOR PRESENTATION Exhibit 99.2 . Contracted Units are units for which Sonder has signed real estate contracts, but are not yet available for guests to book. 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. -, Sonder Holdings Inc. Reports Inducement Grants under Nasdaq Listing Rule 5635(4), Sonder Holdings Inc. Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4), Sonder Holdings Inc. to Report Fourth Quarter and Full Year 2022 Financial Results on March 1, 2023. Sonder has raised more than $560 million to date, with its Series E round in 2020 giving the company a $1.3 billion valuation. must have JavaScript enabled in your web browser. Sonder Holdings Inc. published this content on 10 August 2022 and is solely responsible for the information contained therein. Stay Connected . Investor Presentation (May 2022) 2021 Annual Shareholder Letter. Please try again. View All Reports . 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. For investor inquiries: ir@sonder.com For media inquiries: https://investors.sonder.com/media-page T 310 209 3010. 01/30/2023. From simple self check-in to boutique bathroom amenities, we bring the best of a hotel without any of the formality. It could also be due to marketing cuts forcing the company to focus on cheaper channels and direct traffic. Existing Sonder investors, including Canada's Inovia Capital Growth Fund I, will retain 74-per-cent ownership. Your email address will not be published. Targeted Regeneration Presentation - January 12, 2023 1.2 MB. Sonder is clear about its ambition to build a new kind of hospitality brand (who would want to create an outdated brand??). 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. Oct 8 - Oct 11, 2022 Blend's cloud-based software platform is designed to power the end-to-end consumer journey for any banking product from application to close. We've updated our privacy policy. 1001 and 1030). In cities, Sonder wants to compete against upper upscale hotels. 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. 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. Media Relations Lissa Pavluk (617) 977-6764 media@apellis.com. 1Q22 Shareholder Letter. Sonder apartments come with fully equipped kitchens and in-unit washers and dryers. Uploaded by Lewis. 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. Decoding Airbnbs strategic priorities for 2023, Airbnb Attains Yearly Profitability for First Time in 2022, Breaking Records With Most Profitable Quarter Ever, Start using PriceLabs for free for 30 days, Property Management System for Vacation Rentals. The Sonder app gives guests full control over their stay. 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. 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. Delayed Nasdaq Launched in 2014, Sonder operates in over 35 markets spanning ten countries and three continents. Takeaway: Given industry multiples and Sonder's growth rate, Sonder's valuation seems like the deal of a lifetime. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. It offers several accommodation options ranging from spacious rooms to fully-equipped suites and apartments. 2019A-2022P Revenue Performance. This presentation and the oral presentation accompanying it contain a number of "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. 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. EmilyAnnHodges Follow Advertisement Advertisement Recommended Living Well investor presentation Tessa10t 772 views 24 slides San Francisco, California, United States 501-1000 Post-IPO Equity Public www.sonder.com 869 Highlights Stock Symbol NASDAQ:SOND Total Funding Amount $839.6M Contacts 516 Employee Profiles 16 Investors 35 Similar Companies 33 2023-01-23 View all with same reporting date. Announces Third Quarter 2022 Financial Results. By June 2020, the company had raised a total of over $550 million, valuing Sonder at $1.3 billion. Nothing wrong here. For more investment insights, sign up for our email list below and subscribe to our YouTube channel. Sonder leases and renovates apartments and hotels, and rents them to guests. Archived Events & Presentations. Takeaway: Regarding the 3 dimensions of price, design, and quality consistency, Sonder introduces technology to drive down the price dimension, so that it can score top marks on all 3. Sonder valuation as of 10/28/2021 and projections as of Q3 2021. The combined company's common stock and warrants began trading on 19 January 2022, on the Nasdaq Global Select Market ("Nasdaq") under the ticker symbols "SOND" and "SONDW," respectively. 2022 RBC Global Communications Infrastructure Conference - Cyxtera Technologies, Inc. Download the Sonder app on Appleor Google Play. In line with B3's growth strategy in adjacencies of its core business as market infrastructure, the role of Vice . 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. To view our website, you Lets have a look at Sonders presentation, along with our selection of and comments on the Top 10 slides. 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. 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. Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. Furthermore, developers are not burdened with ongoing costs associated with tenant turnover and building maintenance. It could be that bookings from OTAs like Airbnb and Booking.com were canceled by force majeure and that Sonders direct bookings were not. With thousands of beautiful spaces built for travel and life, Sonder is transforming the future of hospitality. Sonder forecasts their 2025 GAAP revenue to grow to a whopping $4B at a 103% CAGR (2020-2025). 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." 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. Sign up today! 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). 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Super hack for annoying LinkedIn connection requests, Email can suck less. 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. Your email address will not be published. Instead, guests are sent a secure key code prior to arrival for a completely contactless check-in. Nasdaq 46 th Investor Conference. 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. 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