Solomont. This is in contrast to Airbnb, which acts as a marketplace between guests and hosts, neither leasing or owning any property. Takeaway: Given industry multiples and Sonder's growth rate, Sonder's valuation seems like the deal of a lifetime. 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. . Moreover, they do not have to worry about low occupancy rates during low seasons and seasonal hiring during high travel seasons. 08/11/2022. The Rental Scale-Up vacation rental marketing blog. Historical Quarterly Financials 237.6 KB. Sonder currently operates more than 300 properties across 35 markets in eight countries. Yet, the presentation deck also shows how Sonder has adapted its business model and became more resilient. 2023-01-23 View all with same reporting date. Sonder wants to be a global hospitality brand and has already expanded internationally. 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. Below are the highlights from the presentation. 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. Many services like the front desk, concierge, customer service, cleaning are replaced with their app. Here, Sonder wants to show that its urban properties can catch this wave, as younger people are willing to travel and as international and business travel are still a bit down.This is snapshot which makes sense today. 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. 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. Please declare your traffic by updating your user agent to include company specific information. Sonder Holdings Inc. to Report Fourth Quarter and Full Year 2022 Financial Results on M.. Sonder Holdings Inc. : Change in Directors or Principal Officers, Financial Statements and.. Sonder Holdings Inc. Appoints Chris Berry as Interim Principal Financial Officer. Jet Token, a private aviation booking and membership platform that supports fractional aircraft ownership, plans to merge with Oxbridge Acquisition in a deal with an enterprise value of $45 million. 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. Download the Sonder app on Appleor Google Play. 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. A telephone replay of the call is available by dialing 1-844-512-2921 (toll/international 1-412-317-6671) and entering passcode 1143881. 27 Jan 2023. 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. He owns vacation rentals in St. Barths and Bali. Success! Thank you! Longevity Biomedical (LBIO) via Denali Capital (DECA) deck Members. 02/28/2023 11:00 AM ET. 01/30/2023 08:00 AM ET. Sonder leases and renovates apartments and hotels, and rents them to guests. Cash Contribution Margin is defined as Cash Contribution as a percentage of revenue. Investors should also understand that there is no guarantee that Volts investment strategies or decisions will prove to be profitable. Investor Presentation (May 2022) 2021 Annual Shareholder Letter. Cash Flow Positive Plan Presentation. Super hack for annoying LinkedIn connection requests, Email can suck less. Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. 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. Investor Presentation - March 2021. 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. In terms of revenues, management anticipates revenues to grow from $116 million in 2020 to $4 billion by 2025. Sonder is not yet able to generate revenue from these units. 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 Its backers have included Fidelity, WestCap, ScaleUP Ventures, Real Ventures and Inovia Capital, among others. Meaning, you can perform well in 2 dimensions but not in all 3. 2023-01-24. 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. The Sonder and GM II and their respective affiliates own or have rights to various that Sonder's An investor presentation provides a clear, concise yet informative overview of your business to potential investors. 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. 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. It could also be due to marketing cuts forcing the company to focus on cheaper channels and direct traffic. This is the Sonder Series D Pitch Deck used to raise $225M in total from 13 investors in 2019. Governance Documents Board of Directors Management Advisors Committee Composition. With thousands of beautiful spaces built for travel and life, Sonder is transforming the future of hospitality. dMY III Technology Group Acquisition Corp's investor conference call and presentation discussing the transaction can be accessed by visiting www.dmytechnology.com. 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. In cities, Sonder wants to compete against upper upscale hotels. Instead, guests are sent a secure key code prior to arrival for a completely contactless check-in. 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. In essence, Sonder is a hotel-quality room without the commercial feel of a hotel. In line with B3's growth strategy in adjacencies of its core business as market infrastructure, the role of Vice . 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). Launched in 2014, Sonder operates in over 35 markets spanning ten countries and three continents. 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. 2021 FY Filings 2020 FY Filings . Nothing wrong here. Among the startup's most notable features are that it converts properties into short-term rental properties and hotels. Hostaway takes pride in aligning itself with the needs of the fast evolving landscape and always provide reliable technology and great support. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by revenue. FF&E Allowance Realized represents cash payments from real estate owners received for capital expenditure financing. Archived Events & Presentations. 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. 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. ), 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. According to Sonder, they sign multi-year fixed leases, mixed leases, or revenue shares as the anchor or sole tenant in your current properties and development projects, increasing NOI (Net Operating Income), accelerating lease-ups, and helping de-risk cash flow. Sonder wants to make it clear that it is not just a hospitality brand. Yet, at least in the US, cities are starting to rebound. 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 hopes to expand into other parts of the world, such as Asia. Utilizing an option overlay strategy involves the risk that as the buyer of a put or call option, the buyer risks losing the entire premium invested in the option if the buyer does not exercise the option. Leading up to Sonder's SPAC merger with Gores Metropoulos II, Sonder gave an investor presentation in November 2021 laying out the narrative and future of their company with amazing clarity and transparency. Sonder makes better stays accessible for everyone. Sonder pays rent (or utilizes pre-negotiated abatement) and is able to generate revenue from these units. Sonder | Series D Deck Jul. BEVERLY HILLS, CALIFORNIA. 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. 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. 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. With Vacasa, it's easy for anyone to turn their second home into a vacation rental in over 400 destinations across North America, Belize, and Costa Rica. Through automation and diversification of revenue streams, Sonder management expects to expand its global portfolio to 56,000 units by 2024. Private Equity/Venture Capital/Angel Investor in the Fintech/Blockchain and Hotel/Hospitality Sector, Do not sell or share my personal information. Cyxtera Management Q2 2022 Earnings Call. 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. Corporate Overview. 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. Sonder is transforming the future of hospitality. Each Sonder is purposefully selected, designed and maintained - customized to reflect the vibe of its neighbourhood. 40+ cities in 10 countries Approximately 9,000 units live worldwide 1M+ guests Where we're going Sonders innovative app empowers guests by making self-service features and 24/7 on-the-ground support just a tap away. 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. On the company website, property owners can find out about Sonders promises about returns. Sonder's management uses these non-GAAP financial measures, collectively, to evaluate ongoing operations and for internal planning and forecasting purposes. Sonder has since raised over $46 million from venture capitalists. Shares of Rocket Lab declined 9.9% in trading on . 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. 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. Announces Security Incident with Guest Reservation Database, Sonder Holdings Inc. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. Furthermore, developers are not burdened with ongoing costs associated with tenant turnover and building maintenance. GAAP rent to Landlord Payment adjustment represents the adjustment to translate rent to Landlord Payments, expressed in U.S. dollars. 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 makes us believe Sonder's stock has the ability generate over 1,000% return in the next 5 years. Looks like youve clipped this slide to already. The Sonder app gives guests full control over their stay. 1Q22 Shareholder Letter. 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. 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. In Sonder's November investor presentation, they conservatively projected their revenue to grow to ~$4B in 2025. Learn how your comment data is processed. Beverly Hills, CA 90212. 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 offers several accommodation options ranging from spacious rooms to fully-equipped suites and apartments. To Partner with Sonder, you can reach them via email on partners@sonder.com, (Source: Sonder and GMII Investor Presentation). 08/11/2022 08:30 AM ET. But Sonder is able to score well on all 3 dimensions. Clipping is a handy way to collect important slides you want to go back to later. We're a very locally driven organization, with teams on the ground in cities across the world. The deal is expected to close in the second quarter, pending approval. Yet, as the company grows internationally, and with an upscale positioning, the share of international and business travelers should grow. 9800 Wilshire Boulevard. Thanks to the pipeline of Contracted Units due for delivery soon, they are optimistic that they will be able to accomplish this. To learn more, visit www.sonder.comor follow Sonder on Facebook, Twitteror Instagram. Activate your 30 day free trialto continue reading. The urban short-term rental category was a victim of the COVID-19 crisis. JMP Securities Adjusts Price Target on Sonder Holdings to $2.75 From $3.25, Maintains M.. Oppenheimer Adjusts Sonder Holdings Price Target to $4 From $3.75, Maintains Outperform.. JMP Securities Adjusts Sonder Holdings' Price Target to $3.50 from $8, Keeps Market Out.. https://www.rentalscaleup.com/author/thibault-masson/, Vrbo to Switch to Expedia Group Platform in 2023: Challenges and Opportunities. Property Level Costs ("PLC") represent costs directly associated with guest-facing functions in each of Sonder's buildings. Note: We do not offer technical support for developing or debugging scripted downloading processes. He owns vacation rentals in St. Barths and Bali. But even outside of the stay, Sonder leverages home-grown technology to optimize backend operations (e.g. 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. booking trends tend to favor rural areas. THE LEADING HOLISTIC HEALTH AND WELLNESS PLATFORM THAT DELIVERS RESULTS 1 . Additionally, Sonder plans to expand its portfolio to include resorts, villas, and residences. In this way, they collaborate and add value to the hospitality industry within that city and allow real estate developers to have a quicker turnaround. 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. Essentially, Sonder is highly ambitious in its aims to become the next Hilton or Marriott, while simultaneously being a highly tech-savvy company. T 310 209 3010. Sonder Holdings Inc. ("Sonder"), a leading next-generation hospitality company that is redefining the guest experience through technology and design, today announced new appointments to its Board of Directors. These risks, uncertainties, assumptions and other important factors include, but are not limited to: potential negative impacts on Sonder's financial results as a result of changes in travel, hospitality, real estate and vacation markets, including the possibility that travel demand and pricing do not recover to the extent anticipated, particularly in the current geopolitical and macroeconomic environment; potential inability to negotiate satisfactory leases or other arrangements to operate new properties, onboard new properties in a timely manner, or renew or replace existing properties on attractive terms, and the possibility of lease terminations prior to scheduled expirations; possible delays in real estate development and construction projects related to Sonder's leases, or other delays in generating revenues from new properties; the possibility that Sonder may not benefit from any market recovery to the extent it anticipates; risks and uncertainties associated with Sonder's recently announced Cash Flow Positive Plan, including the possibility that Sonder will not realize the anticipated cost savings, capital-light signings or cash flow improvements or will need to engage in additional fundraising, and the risk that the plan will adversely affect employee retention, effectiveness and hiring or other aspects of Sonder's business; the possibility that Sonder will be unable to effectively manage its growth; potential delays or difficulties introducing new or upgraded amenities, services or features, including enhancements to the Sonder app; the possibility that new RevPAR initiatives will not achieve the desired results and that future pricing and/or occupancy will be lower than anticipated; the possibility of higher than expected capital expenditures, property-related costs or other operating expenses and unanticipated conditions or incidents at leased properties; risks associated with Sonder's relationships with and reliance upon real estate owners, OTAs and other third parties, and their performance of their obligations; changes in applicable laws or regulations, including legal, tax or regulatory developments, and the impact of any litigation or other legal or regulatory proceedings; possible delays in sustainability initiatives; the possibility that Sonder may be adversely affected by other economic, business and/or competitive factors, including the additional risks associated with operating internationally; risks related to the impact of the ongoing COVID-19 pandemic, including the Omicron variant or future variants and further governmental and other restrictions (including travel restrictions) resulting therefrom; and other risks and uncertainties described under the heading "Risk Factors" in Sonder's most recent Quarterly Report on Form 10-Q filed with the SEC on May 16, 2022 and Annual Report on Form 10-K filed with the SEC on March 28, 2022. A 24-hour concierge service can be contacted via the Sonder app. 74% of Sonder's stock will remain owned by existing shareholders. Media Relations Lissa Pavluk (617) 977-6764 media@apellis.com. By accepting, you agree to the updated privacy policy. Uploaded by Lewis. Presentation. Free tools and resources like this shipped to you as they happen. All rights reserved. View this Presentation PDF Format Download (opens in new window) . Sonder projects adjusted operating earnings will rise from a US$200-million . Sonder valuation as of 10/28/2021 and projections as of Q3 2021. These non-GAAP financial measures should not be viewed in isolation or as a substitute for, or superior to, measures prepared in accordance with GAAP. These margins being driven by post-COVID recovery, better lease agreements, and RevPAR and Property Level Cost initiatives. 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. Thanks to savings due to tech automation, guest rates are supposed to be very competitive for the value offered. Gores Metropoulos raised $450 million in a January initial public offering. Highlights from the presentation are below. The company's Sonder app gives guests self-service features, simple check-in, and 24/7 on-the-ground support, amenities, and services. Signage - Signs have been put up across Sonders buildings to encourage social distancing and occupancy limits. 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. The startup 's most notable features are that it converts properties into short-term rental category was a victim the... Are sent a secure key code prior to arrival for a completely check-in! Leases and renovates apartments and hotels, and residences Level costs ( `` ''... 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