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. With thousands of beautiful spaces built for travel and life, Sonder is transforming the future of hospitality. The tech goes from mapping real-estate opportunities and potential RevPar, running its furniture warehouse, listing properties on OTAs, pricing automation, to housekeeping and maintenance. Now check your email to confirm your subscription. Sonder is revolutionizing hospitality through innovative, tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamlessly managed experience. This excludes nights lost to full building closures of greater than 30 nights. 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. Investor Presentation > Latest Q3 2022 Earnings Release. The Sonder app is recommended for download for any guest who chooses to stay in any of their properties. But even outside of the stay, Sonder leverages home-grown technology to optimize backend operations (e.g. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. GAAP rent straight lines abatement and future escalation payments over the duration of the real estate contract. Yet, the presentation deck also shows how Sonder has adapted its business model and became more resilient. Sonder Holdings Inc. 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. 2023 For local inhabitants and businesses, the disaster is also economic. Some also include access to building amenities such as game rooms and movie theatres. A 24-hour concierge service can be contacted via the Sonder app. In contrast, Landlord Payments recognize abatement from real estate owners at the time abatement is utilized (often at the commencement of a real estate contract), and future escalation payments at the time they actually occur, in an effort to most accurately reflect the timing of cash outflows for rent. A live and archived webcast of the Presentation will be accessible from the "News & Events" section of the company's Investor Relations website for on demand viewing at investors.sonder.com. Whether your stay is two days, two months or two years, in a studio or a six-bedroom, Sonder ensures a unique, yet consistent experience. 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. View All Annual Reports. Oops! Please try again. Competitive pricing and expert assistance to get you fundraise ready and confident. 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. About Tritium. It could also be due to marketing cuts forcing the company to focus on cheaper channels and direct traffic. All this allows them to cut down on operating costs by as much as ~50%. 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! 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. Like many companies in late 2020 and early 2021, it is going public via a special acquisition company (SPAC). The Sonder app gives guests full control over their stay. Governance. Governance Documents Board of Directors Management Advisors Committee Composition. To keep up, drop us a line - we'd love to hear from you! Each Sonder is purposefully selected, designed and maintained - customized to reflect the vibe of its neighbourhood. The same applies to hotel owners. Debarshi Ghosh. 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. Existing Sonder investors, including Canada's Inovia Capital Growth Fund I, will retain 74-per-cent ownership. Financials. Tap here to review the details. Sonder apartments come with fully equipped kitchens and in-unit washers and dryers. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. 08/11/2022. Thank you for your interest in the U.S. Securities and Exchange Commission. With property level profit margins going from (54%) in 2020 to 32% in 2025. Property Level Profit (Loss) Margin is defined as Property Level Profit (Loss) divided by revenue. . 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. Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Furthermore, developers are not burdened with ongoing costs associated with tenant turnover and building maintenance. Sonder not only has to attract guests on the demand side, but also real estate owners and developers on the supply side. 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. The company is still very much an urban player, but it has a lot of hotels to its inventory of short-term rentals. Revenue growth will be achieved by a combination of supply growth and RevPAR growth. selina investor presentation. March 22, 2021. 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. JavaScript is disabled! For more information, contact [email protected]. NIRE 35.300.351.452. Sonder hopes to expand into other parts of the world, such as Asia. 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. 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. 74% of Sonder's stock will remain owned by existing shareholders. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. He owns vacation rentals in St. Barths and Bali. F 310 209 3310. Sonder Holdings Inc. to Report Fourth Quarter and Full Year 2022 Financial Results on March 1, 2023. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. Instead, guests are sent a secure key code prior to arrival for a completely contactless check-in. Thanks to savings due to tech automation, guest rates are supposed to be very competitive for the value offered. By using one easy-to-use, personalized portal, guests, and managers can control all aspects of booking, check-in, guest experience, check-out, management, maintenance, and housekeeping processes. Longevity Biomedical (LBIO) via Denali Capital (DECA) deck Members. Sonder's pre-SPAC merger investor presentation outlined the narrative and future of Sonder with surprising transparency. To do that, the company says that it offers modernized, well-designed, tech-savvy apartments and hotel rooms. In addition, other companies may not publish these or similar metrics. Its backers have included Fidelity, WestCap, ScaleUP Ventures, Real Ventures and Inovia Capital, among others. 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. Announces Third Quarter 2022 Financial Results. Presentation includes certain non-GAAP financial measures and key metrics statement/prospectus and other relevant documents to its stockholders. 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 essence, Sonder is a hotel-quality room without the commercial feel of a hotel. 01/30/2023 08:00 AM ET. Investor Presentation (November 2022) 2Q22 Shareholder Letter. Sonder is not yet able to generate revenue from these units. Thank you! For full disclosures, please go to our Terms & Conditions page. 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, The Sonder and GM II and their respective affiliates own or have rights to various that Sonder's Historical Quarterly Financials 237.6 KB. Ultimately, it may become the operating system for the hospitality industry in the future. At the height of the pandemic, direct bookings jumped from 26% to 59%. sonder spac investor presentation Isgho Votre ducation notre priorit Stay Connected . Archived Events & Presentations. However known and unknown risks and uncertainties may cause actual results to materially differ from what is expressed in such statements. This enables staff to respond to concerns instantly, boosting customer satisfaction and ensuring guests feel taken care of throughout their stay. Travel News, Airline Industry News and Hotel Industry News by Skift 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. Yet, Sonder has survived, by drastically renegotiating leases, laying off staff, and pivoting its business model. Property Level Costs ("PLC") represent costs directly associated with guest-facing functions in each of Sonder's buildings. 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. We only select apartments that will delight our customers.. Contacts. 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. 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. Each Sonder is purposefully selected, designed and maintained customized to reflect the vibe of its neighbourhood. Sonder is transforming the future of hospitality. Presentation. 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). After submitting your request, you will receive an activation email to the requested email . <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-T9S432" height="0" width="0" style="display:none;visibility:hidden"></iframe> Sonder forecasts their 2025 GAAP revenue to grow to a whopping $4B at a 103% CAGR (2020-2025). Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. When it comes to comparing its metrics, such as RevPar and operating costs, Sonder is comparing itself to hotels, especially to upper upscale hotels where guest rates and service costs are high. What is an Investor Presentation? 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. Skip to main navigation . Further information about these measures appears under "Key Terms" below. Circle | USDC, Payments & Treasury Infrastructure for Businesses Get research, business strategy, and tech analysis delivered to your inbox. They are consistent and dependable, he continued, We are the managers of the entire experience. Takeaway: Sonder is expecting insane levels of growth, and despite being in a capital-intensive business, sees a rapid path to profitability. And improving their Revenue per Available Room (RevPAR) from $74 to $165. Thanks to a new focus on temporary housing, shrewd leases, and properties with Covid-friendly amenities, Sonder is on the rebound. 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. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Did you come here for something in particular or just general Riker. 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. 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. - YMAP is a youth-led non-profit organization dedicated to connect youths with opportunities in the field of neuroscience and health sciences. 9.01 - Financial Statements and Exhibits. Sonder makes better stays accessible for everyone. Scribd is the world's largest social reading and publishing site. Building the next generation hospitality brand with $225 million in new funding. It offers several accommodation options ranging from spacious rooms to fully-equipped suites and apartments. Peter Thiel on Identifying Disruptive Companies: 10x Better than Competitors. Sign up to our email list so you don't miss a thing. Activate your 30 day free trialto continue reading. 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). Building the future of hospitality, Sonder has blazed their way into the hospitality business and has been dubbed the unicorn of the industry as much as the Travels Newest Billion-Dollar Brand. With this technology-enabled experience, guests are in total control of their stay. Find out , Wunsch Brautkleid Seed Stage Startup Pitch Deck, Yomp pitch deck to raise seed investment , Tao Capital Partners,Valor Equity Partners,WestCap. KBW Fintech Payments Conference. Many services like the front desk, concierge, customer service, cleaning are replaced with their app. Hostaway takes pride in aligning itself with the needs of the fast evolving landscape and always provide reliable technology and great support. 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 From simple self check-in to boutique bathroom amenities, we bring the best of a hotel without any of the formality. Four years later, more than . 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. Silk + Sonder is looking for a highly motivated and results-driven Wholesale Account Manager to join our team. Cities like Orlando and Kissimmee usually rank high in market size for vacation rental revenues. Sonder strives to set up shop in a city by absorbing its culture, listening to its needs, and responding accordingly. 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. We won't send you spam. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. Solomont. Description. In 2019, Sonder shared the Series D deck that it had used to raise $225M in funding. So you do not need to waste the time on rewritings. Head over to Perfect Pitch Deck. This enables Sonder to become an integral part of the community. And their expected growth rate is also head and shoulders above the median of each of those industries. 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%. As opposed to Airbnb, Sonder owns and manages its own rental properties, which are licensed as hotels. 1. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. 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. 08/11/2022 08:30 AM ET. Launched in 2014, Sonder operates in over 35 markets spanning ten countries and three continents. 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. We've updated our privacy policy. According to a report published by betakit, Sonder co-founder and CEO Francis Davidson opened up about the acquisition plans in April 2021, and SEC filings confirm that the company reached an agreement with Gores. Distributed by Public, unedited and unaltered, on 10 August 2022 21:08:00 UTC. Clipping is a handy way to collect important slides you want to go back to later. 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). There was an error submitting your subscription. By using this site, you are agreeing to security monitoring and auditing. 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. In 2021, booking trends tend to favor rural areas. Webcast. 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. Sonder | Series D Deck Jul. must have JavaScript enabled in your web browser. www.HelpWriting.net This service will write as best as they can. These margins being driven by post-COVID recovery, better lease agreements, and RevPAR and Property Level Cost initiatives. In 2014, Davidson and Lucas Pellan founded Flatbook (later renamed Sonder), and brought the company to Montreal tech accelerator FounderFuel. 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. 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. Through automation and diversification of revenue streams, Sonder management expects to expand its global portfolio to 56,000 units by 2024. FLGC: $0.37: Q3 2022 FLGC Earnings Call. 2021 FY Filings 2020 FY Filings . 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. Sonder wants to be a global hospitality brand and has already expanded internationally. With thousands of beautiful spaces built for travel and life, Sonder is transforming the future of hospitality. If approved, the company will be renamed Jet.AI and is expected to list on . 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. 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. Sonder currently operates more than 300 properties across 35 markets in eight countries. 2021, Volt Equity (Volt). The company's AI-enabled, modular concentrated solar technology aims to cost-effectively deliver near 24/7 carbon-free energy in the form of heat, power, or green hydrogen . All rights reserved. Download PDF. This includes any unit that has a signed real estate contract, regardless of whether or not the unit is available for guests to book. Cash Flow Positive Plan Presentation. Targeted Regeneration Presentation - January 12, 2023 1.2 MB. View this Presentation PDF Format Download (opens in new window) . EmilyAnnHodges Follow Advertisement Advertisement Recommended Living Well investor presentation Tessa10t 772 views 24 slides Top 10 slides from Sonder's 2021 investor presentation, as company prepares to go public at a $2.2 billion value | Rental Scale-Up Thibault Masson Thibault is the founder of Rental Scale-Up. Sonder 's stock will remain owned by existing shareholders Thiel on Identifying Disruptive companies: 10x than!, sonder investor presentation apartments and hotel rooms options ranging from spacious rooms to fully-equipped suites and.... Slides you want to go back to later in a city by absorbing its culture, listening to needs... Suites and apartments vacation rentals in St. Barths and Bali value offered Kissimmee usually rank high in market for... To 32 % in 2025 its business model and became more resilient up in... 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