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. 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. 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. 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. Cities like Orlando and Kissimmee usually rank high in market size for vacation rental revenues. Sonder leases and renovates apartments and hotels, and rents them to guests. So you do not need to waste the time on rewritings. Download PDF. https://www.rentalscaleup.com/author/thibault-masson/, Vrbo to Switch to Expedia Group Platform in 2023: Challenges and Opportunities. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Discover key business and financial data (ADR, unit metrics, occupancy, margin, etc. Many services like the front desk, concierge, customer service, cleaning are replaced with their app. In addition to being easy to use, it is also reliable, efficient, and scalable. It could also be due to marketing cuts forcing the company to focus on cheaper channels and direct traffic. Extra measures have been taken to implement best practices for cleaning and sterilization across all units, both within the Sonder apartment / room and building-wide. In line with B3's growth strategy in adjacencies of its core business as market infrastructure, the role of Vice . The Investor Relations website contains information about Dave Inc.'s business for stockholders, potential investors, and financial analysts. 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 Investor Presentation (November 2022) 2Q22 Shareholder Letter. 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. Data Provided by Refinitiv. 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. 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 Investor Presentation - March 2021. In April 2021, vacation rental and hospitality industry observers are looking at a new investor presentation deck from Sonder. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. How? Cash Contribution Margin is defined as Cash Contribution as a percentage of revenue. Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. Cyxtera 2Q 2022 Earnings Presentation. 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. Yet, Sonder has survived, by drastically renegotiating leases, laying off staff, and pivoting its business model. Sonder illustrates the downfall of 3 different product offerings in the lodging and travel space today. Thank you for your interest in the U.S. Securities and Exchange Commission. Investor presentations are an important but often overlooked aspect of entrepreneurial efforts to secure financing for their businesses. With this technology-enabled experience, guests are in total control of their stay. 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 . Beverly Hills, CA 90212. Four years later, more than . 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. EmilyAnnHodges Follow Advertisement Advertisement Recommended Living Well investor presentation Tessa10t 772 views 24 slides 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. Copyright 2023 Surperformance. 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. 05/25/2022 12:40 PM ET. Sonder has since raised over $46 million from venture capitalists. Driven in part by increasing supply from 12k total units (live + contracted) in 2020 to 102k total units in 2025. Delayed Nasdaq Sonder's system is simple, easy, streamlined, and centralized. You can read the details below. How about a sneak peek at Sonders 2021 investor slide deck? Solomont. The Rental Scale-Up vacation rental marketing blog. 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). Sonder is revolutionizing hospitality through innovative, tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamless managed experience. At the height of the pandemic, direct bookings jumped from 26% to 59%. 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. To keep up, drop us a line - we'd love to hear from you! NOTICE TO THE MARKET. Hostaway is proud to support thousands of Property Managers and Airbnb Hosts Around the world. After submitting your request, you will receive an activation email to the requested email . Sonder wants to make it clear that it is not just a hospitality brand. Learn how your comment data is processed. It appears that you have an ad-blocker running. EBITDA margin going from (181%) in 2020 to 16% in 2025. Skip to main navigation . Debarshi Ghosh. 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. All this allows them to cut down on operating costs by as much as ~50%. JavaScript is disabled! Building the next generation hospitality brand with $225 million in new funding. Scribd is the world's largest social reading and publishing site. 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. 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 Investor Presentation. This includes any unit that has a signed real estate contract, regardless of whether or not the unit is available for guests to book. 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. Sonder's TAM, the global lodging market, was $809B in 2019. Something went wrong while submitting the form. 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 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. Use this banker system to make startup emails work for your team, Ask dumb questions. Sonder projects adjusted operating earnings will rise from a US$200-million . Transcript. With thousands of beautiful spaces built for travel and life, Sonder is transforming the future of hospitality. Corporate Documents Flora Filings. 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. Investor Relations. For more information, contact opendata@sec.gov. And improving their Revenue per Available Room (RevPAR) from $74 to $165. 1001 and 1030). It's one of many new hybrid companies such as Lyric and Blueground that combine elements of hotels and apartments. EX-99.2 3 ea135103ex99-2_forestroad.htm INVESTOR PRESENTATION Exhibit 99.2 . Its backers have included Fidelity, WestCap, ScaleUP Ventures, Real Ventures and Inovia Capital, among others. From simple self check-in to boutique bathroom amenities, we bring the best of a hotel without any of the formality. As opposed to Airbnb, Sonder owns and manages its own rental properties, which are licensed as hotels. To Partner with Sonder, you can reach them via email on partners@sonder.com, (Source: Sonder and GMII Investor Presentation). He owns vacation rentals in St. Barths and Bali. 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). Accordingly, a reconciliation of the non-GAAP financial measure guidance to the corresponding GAAP measure is not available without unreasonable effort. Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. Existing Sonder investors, including Canada's Inovia Capital Growth Fund I, will retain 74-per-cent ownership. Investor Presentation (May 2022) 2021 Annual Shareholder Letter. All rights reserved. There was an error submitting your subscription. 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. . By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. Longevity Biomedical (LBIO) via Denali Capital (DECA) deck Members. Moreover, they do not have to worry about low occupancy rates during low seasons and seasonal hiring during high travel seasons. They are consistent and dependable, he continued, We are the managers of the entire experience. 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. These costs include (i) channel fees paid to Online Travel Agencies, (ii) customer service costs, (iii) laundry/consumables costs, (iv) maintenance costs, and (v) utilities & insurance costs. Sonder valuation as of 10/28/2021 and projections as of Q3 2021. 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. Takeaway: Sonder is expecting insane levels of growth, and despite being in a capital-intensive business, sees a rapid path to profitability. ), 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. Looks like youve clipped this slide to already. You can read more of our analysis on Sonder's strategic position vs. hotels in this post. 02/28/2023 11:00 AM ET. 3Q22 Shareholder Letter. The Sonder app gives guests full control over their stay. The front desk at a Sonder hotel is never busy. Sonder Holdings Inc. to Report Fourth Quarter and Full Year 2022 Financial Results on March 1, 2023. Sonder is transforming the future of hospitality. Guests who cancel their booking any time before their stay will receive Sonder credit for the full value for one year. The company's Sonder app gives guests self-service features, simple check-in, and 24/7 on-the-ground support, amenities, and services. With thousands of beautiful spaces built for travel and life, Sonder is transforming the future of hospitality. 2021 FY Filings 2020 FY Filings . The same applies to hotel owners. The way Sonder achieves this is through cutting out the fat in the hospitality industry through technology. Sonder offers a clean, modern, contact-free way to stay in neighbourhoods around the world. 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, Sonder is a hospitality company focused at short-term rentals. Like many companies in late 2020 and early 2021, it is going public via a special acquisition company (SPAC). It is a positive sign that Sonder is growing and getting repeat purchases, referrals, and organic traffic. 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. The content and proprietary research found on this site, unless stated otherwise, has been entirely produced by Volt. Sonder believes that these non-GAAP financial measures are useful in evaluating its operating performance, and may assist investors in comparisons with other companies, some of which use similar non-GAAP financial information to supplement their GAAP results. The content should not be considered investment advice and is for educational purposes only. -, 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. 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 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Please try again. He also leads innovative projects for companies within the vacation rental industry. Yet, their recent historical growth rate has been MUCH higher than the median of each of those industries. Nasdaq 46 th Investor Conference. Contracted Units are units for which Sonder has signed real estate contracts, but are not yet available for guests to book. Stay Connected . Sonder has multiple offices across the globe, with Hub cities in Denver, San Francisco, Montreal and London/Amsterdam. Jan 9, 2023 12:00 PM EST 41st Annual J.P. Morgan Healthcare Conference. 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. It covers key points of your business such as your vision, market opportunity, products and services, high-level financials and funding needs. Largest Addressable Market of Any Prescription Weight Management Approach FDA-Cleared Proprietary Nature-Inspired Solution Protected by a Large Portfolio of Patents Unique Go to Market Strategy Delivering Affordable Solution with Easy Access, Speed & Transparency Strong R&D Pipeline Targeting Adjacent Markets Learn More Latest News . Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Subscribe to Rental Scale-Ups newsletter to make better business decisions and stay ahead of your competitors. 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. However, closer examination actually reveals something different. By using this site, you are agreeing to security monitoring and auditing. It offers several accommodation options ranging from spacious rooms to fully-equipped suites and apartments. He also leads innovative projects for companies within the vacation rental industry. . Once again, its ambition to build a new kind of hospitality brand are clear. This results in immediate cash flow for developers as well as fewer operational headaches for property owners. Yet, at least in the US, cities are starting to rebound. An investor presentation provides a clear, concise yet informative overview of your business to potential investors. But even outside of the stay, Sonder leverages home-grown technology to optimize backend operations (e.g. 2022 RBC Global Communications Infrastructure Conference - Cyxtera Technologies, Inc. Innovative and ambitious companies such asDomio, Lyric, and Stay Alfredclosed their doors in 2020. Among the startup's most notable features are that it converts properties into short-term rental properties and hotels. Presentation includes certain non-GAAP financial measures and key metrics statement/prospectus and other relevant documents to its stockholders. Unless otherwise noted, any performance returns presented in these materials reflect hypothetical performance. Feel free to reach out to Thibaut Masson on Linkedin. 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. SPAC IPO Slides. Tap here to review the details. 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. Head of "New Business". 27 Jan 2023. Any suspected unauthorized access can be addressed remotely and immediately, and managers can change keycodes and other settings instantly via the portal, ensuring security at all times, and removing safety concerns such as key lockboxes with codes that never change. Some also include access to building amenities such as game rooms and movie theatres. 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. 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. Travel News, Airline Industry News and Hotel Industry News by Skift Furthermore, developers are not burdened with ongoing costs associated with tenant turnover and building maintenance. Third Quarter 2021 Summary Results Presentation (November 2021) 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. 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. 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. Ultimately, it may become the operating system for the hospitality industry in the future. Now check your email to confirm your subscription. The urban short-term rental category was a victim of the COVID-19 crisis. Sep 2021 - Aug 20221 year. Sonder pays rent (or utilizes pre-negotiated abatement) and is able to generate revenue from these units. Some safety protocols required from guests are as follows: Face coverings - Guests are being asked to wear masks or other face coverings in all indoor common areas. The deal is expected to close in the second quarter, pending approval. This is the Sonder Series D Pitch Deck used to raise $225M in total from 13 investors in 2019. For local inhabitants and businesses, the disaster is also economic. Webcast. Investor Presentations. 1Q22 Shareholder Letter. If you love pitch decks, check out the ultimate pitch deck collection here! View All Reports . 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. 1. Sonder forecasts their 2025 GAAP revenue to grow to a whopping $4B at a 103% CAGR (2020-2025). 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. Each Sonder is purposefully selected, designed and maintained - customized to reflect the vibe of its neighbourhood. 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. 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. Highlights from the presentation are below. sonder spac investor presentation religious interview questions and answers sharleen spiteri ashley heath . Essentially, Sonder is highly ambitious in its aims to become the next Hilton or Marriott, while simultaneously being a highly tech-savvy company. BEVERLY HILLS, CALIFORNIA. 40+ cities in 10 countries Approximately 9,000 units live worldwide 1M+ guests Where we're going 2023-01-23 View all with same reporting date. Property Level Profit (Loss) Margin is defined as Property Level Profit (Loss) divided by revenue. To do that, the company says that it offers modernized, well-designed, tech-savvy apartments and hotel rooms. 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. 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. Circle | USDC, Payments & Treasury Infrastructure for Businesses The developer gets 100% occupancy immediately after completion, which is a great deal for them. Minimum 15 minutes delayed. 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. 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. Sonder apartments come with fully equipped kitchens and in-unit washers and dryers. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. New business & quot ; and auditing the second Quarter, pending approval in cities the... 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