Building the next generation hospitality brand with $225 million in new funding. 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. Highlights from the presentation are below. Sonder features contactless service on its guest app, allowing it to carry out more requests with contract-free service. 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). In 2019, Sonder shared the Series D deck that it had used to raise $225M in funding. Investor Relations. Rooms on Sonder have to apply and go through intense quality control. Sonder is clear about its ambition to build a new kind of hospitality brand (who would want to create an outdated brand??). The developer gets 100% occupancy immediately after completion, which is a great deal for them. Minimum 15 minutes delayed. Now check your email to confirm your subscription. Uploaded by Lewis. Find out , Wunsch Brautkleid Seed Stage Startup Pitch Deck, Yomp pitch deck to raise seed investment , Tao Capital Partners,Valor Equity Partners,WestCap. Volt does not purport to provide any legal, tax, or accounting advice. Sonder Holdings Inc. published this content on 10 August 2022 and is solely responsible for the information contained therein. 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. We plan to have a multi-part series diving into Sonder's competition, strategy, leadership, and more. 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, Free Cash Flow Margin is defined as Free Cash Flow as a percentage of revenue. . Sonder currently operates more than 300 properties across 35 markets in eight countries. 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). Site - Investor Relations Nav; Overview; News; Events & Presentations. Sonder has multiple offices across the globe, with Hub cities in Denver, San Francisco, Montreal and London/Amsterdam. After submitting your request, you will receive an activation email to the requested email . With thousands of beautiful spaces built for travel and life, Sonder is transforming the future of hospitality. 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. real estate targeting, warehouse and inventory management, logistics planning, etc.). To keep up, drop us a line - we'd love to hear from you! At the height of the pandemic, direct bookings jumped from 26% to 59%. There was an error submitting your subscription. 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). booking trends tend to favor rural areas. 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. The Sonder and GM II and their respective affiliates own or have rights to various that Sonder's Spire Global Investor Presentation. 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. In April 2021, vacation rental and hospitality industry observers are looking at a new investor presentation deck from Sonder. 08/11/2022 08:30 AM ET. Existing Sonder investors, including Canada's Inovia Capital Growth Fund I, will retain 74-per-cent ownership. He also leads innovative projects for companies within the vacation rental industry. Some also include access to building amenities such as game rooms and movie theatres. Sonder | Series D Deck Jul. Data Provided by Refinitiv. Corporate Overview. 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. Hostaway is proud to support thousands of Property Managers and Airbnb Hosts Around the world. 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. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Further information about these measures appears under "Key Terms" below. Investor Presentation (May 2022) 2021 Annual Shareholder Letter. Property Level Profit (Loss) Margin is defined as Property Level Profit (Loss) divided by revenue. Launched in 2014, Sonder operates in over 35 markets spanning ten countries and three continents. In terms of real estate supply availability, Sonder has just scratched the surface with only 0.8% of new apartment units to be contracted in their current US markets, and only 1.8% of global hotel units to be contracted. Hostaway takes pride in aligning itself with the needs of the fast evolving landscape and always provide reliable technology and great support. -, 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. In essence, Sonder is a hotel-quality room without the commercial feel of a hotel. "It's pretty . Sonder wants to make it clear that it is not just a hospitality brand. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. To learn more, visit www.sonder.comor follow Sonder on Facebook, Twitteror Instagram. The SlideShare family just got bigger. It appears that you have an ad-blocker running. Use this banker system to make startup emails work for your team, Ask dumb questions. 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 . Heliogen is a renewable energy technology company focused on eliminating the need for fossil fuels in heavy industry and powering a sustainable future. Sonder offers a clean, modern, contact-free way to stay in neighbourhoods around the world. 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. 1001 and 1030). Did you come here for something in particular or just general Riker. 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. According to the report, the value represents a 3.6 times increase in Sonder's projected revenue for 2022. 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. Takeaway: Even with Sonder's phenomenal historical growth (and jaw-dropping estimated future growth), there will still be a LOTof room for even more growth in this core lodging market for many years to come. 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. Oops! 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. But Sonder is able to score well on all 3 dimensions. Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. Webcast. 74% of Sonder's stock will remain owned by existing shareholders. Investors should also understand that there is no guarantee that Volts investment strategies or decisions will prove to be profitable. Reference ID: 0.7ca50517.1677666887.260142e. Ultimately, it may become the operating system for the hospitality industry in the future. BEVERLY HILLS, CALIFORNIA. Accordingly, a reconciliation of the non-GAAP financial measure guidance to the corresponding GAAP measure is not available without unreasonable effort. must have JavaScript enabled in your web browser. F 310 209 3310. Announces Third Quarter 2022 Financial Results. EBITDA margin going from (181%) in 2020 to 16% in 2025. Thibault is the founder of Rental Scale-Up. ), 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. We've encountered a problem, please try again. 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%. To view our website, you From simple self check-in to boutique bathroom amenities, we bring the best of a hotel without any of the formality. Sonder has about 5,000 Live Units (units that are bookable) and 7,000 Contracted Units (units that have been signed but not yet booked) in the pipeline, as declared in its investor presentation. 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. By using this site, you are agreeing to security monitoring and auditing. Florida is a big travel market. Content is subject to change without notice. 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 . 27 Jan 2023. Governance. Cash Contribution Margin is defined as Cash Contribution as a percentage of revenue. Sonder Holdings Inc. to Report Fourth Quarter and Full Year 2022 Financial Results on March 1, 2023. Governance Documents Board of Directors Management Advisors Committee Composition. During this period, the adviser was not providing advice using any models mentioned and clients results may have been materially different. The Sonder app gives guests full control over their stay. Investor Presentation > Latest Q3 2022 Earnings Release. At a time when the coronavirus pandemic has . The modern design and highly streamlined technology allow guests and managers to have a seamless, consistent experience. Thank you for your interest in the U.S. Securities and Exchange Commission. By E.B. He also leads innovative projects for companies within the vacation rental industry. 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. Essentially, Sonder is highly ambitious in its aims to become the next Hilton or Marriott, while simultaneously being a highly tech-savvy company. 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. On the company website, property owners can find out about Sonders promises about returns. Unless otherwise noted, any performance returns presented in these materials reflect hypothetical performance. Solomont. As opposed to Airbnb, Sonder owns and manages its own rental properties, which are licensed as hotels. Learn how your comment data is processed. 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. March 22, 2021. selina investor presentation - View presentation slides online. 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." 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. Subscribe to Rental Scale-Ups newsletter to make better business decisions and stay ahead of your competitors. 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 plans to grow its Live Units supply by 15-fold over the next 5 years, an ambitious goal. Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. Hypothetical model results have many inherent limitations, some of which, but not all, are described herein. Oct 8 - Oct 11, 2022 It is a positive sign that Sonder is growing and getting repeat purchases, referrals, and organic traffic. 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 illustrates the downfall of 3 different product offerings in the lodging and travel space today. Sonder's system is simple, easy, streamlined, and centralized. Shares of Rocket Lab declined 9.9% in trading on . Sign up to our email list so you don't miss a thing. Sonder is transforming the future of hospitality. 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. Investor Presentations. This enables staff to respond to concerns instantly, boosting customer satisfaction and ensuring guests feel taken care of throughout their stay. By June 2020, the company had raised a total of over $550 million, valuing Sonder at $1.3 billion. Total Portfolio represents Live Units plus Contracted Units. Landlord Payments represent cash payments to real estate owners recognizing abatement at the time it is utilized (often at the commencement of a real estate contract), expressed in U.S. dollars. Cash Contribution is defined as operating cash flow before other operating expenses, excluding the impact of restructuring charges, if any. 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. 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. 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. Furthermore, developers are not burdened with ongoing costs associated with tenant turnover and building maintenance. 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. All rights reserved. Financials. 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 In the deck, the company shares its plans to expand to Asia by 2025. 2023-01-23 View all with same reporting date. In Sonder's November investor presentation, they conservatively projected their revenue to grow to ~$4B in 2025. Occupancy limits - The number of guests that can occupy common areas is being limited to encourage social distancing between guests. Sonder is transforming the future of hospitality. 08/11/2022. 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 Visit us on Twitter; Visit us on . 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. Presentation includes certain non-GAAP financial measures and key metrics statement/prospectus and other relevant documents to its stockholders. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. This 28-year-old turned his college side hustle into a $1.3 billion start-up backed by Jeff Bezos Read more on CNBC.COM The most innovative hospitality projects of 2020 Read more on FASTCOMPANY.COM Hospitality Startup Sonder Raises $170 Million At A $1.3 Billion Valuation During Covid-19 Travel Collapse Read more on FOBES.COM KBW Fintech Payments Conference. In 2014, Davidson and Lucas Pellan founded Flatbook (later renamed Sonder), and brought the company to Montreal tech accelerator FounderFuel. In 2021, booking trends tend to favor rural areas. Thanks to the pipeline of Contracted Units due for delivery soon, they are optimistic that they will be able to accomplish this. The front desk at a Sonder hotel is never busy. With thousands of beautiful spaces built for travel and life, Sonder is transforming the future of hospitality. Q3 2022 10-Q. Among the startup's most notable features are that it converts properties into short-term rental properties and hotels. 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. Sonder has since raised over $46 million from venture capitalists. dMY III Technology Group Acquisition Corp's investor conference call and presentation discussing the transaction can be accessed by visiting www.dmytechnology.com. 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. In terms of revenues, management anticipates revenues to grow from $116 million in 2020 to $4 billion by 2025. 2019A-2022P Revenue Performance. It offers several accommodation options ranging from spacious rooms to fully-equipped suites and apartments. 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. Below are the highlights from the presentation. For full disclosures, please go to our Terms & Conditions page. In line with B3's growth strategy in adjacencies of its core business as market infrastructure, the role of Vice . 1Q22 Shareholder Letter. By accepting, you agree to the updated privacy policy. 11, 2019 120 likes 116,006 views Download Now Download to read offline Travel Building the next generation hospitality brand with $225 million in new funding. B3 S.A. - Brasil, Bolsa, Balco (" B3 " or " Company ") announces the arrival of Ana Carla Abro Costa as head of "New Business" at B3 as of April 10, 2023. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. 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. sonder spac investor presentation Isgho Votre ducation notre priorit Investor Presentation - March 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. GAAP rent to Landlord Payment adjustment represents the adjustment to translate rent to Landlord Payments, expressed in U.S. dollars. 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. Sonder is revolutionizing hospitality through innovative, tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamless managed experience. 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. Moreover, they do not have to worry about low occupancy rates during low seasons and seasonal hiring during high travel seasons. Takeaway: Given industry multiples and Sonder's growth rate, Sonder's valuation seems like the deal of a lifetime. For local inhabitants and businesses, the disaster is also economic. Third Quarter 2021 Summary Results Presentation (November 2021) Presentations are particularly . In addition to being easy to use, it is also reliable, efficient, and scalable. Corporate Documents Flora Filings. But even outside of the stay, Sonder leverages home-grown technology to optimize backend operations (e.g. This presentation (the "Presentation") contemplates a business combination (the "Transaction") involving Forest Road Acquisit ion Corp. ("FRX"), Beachbody, LLC ("Beachbody") and . Distributed by Public, unedited and unaltered, on 10 August 2022 21:08:00 UTC. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. 05/25/2022 12:40 PM ET. We're a very locally driven organization, with teams on the ground in cities across the world. Sonder not only has to attract guests on the demand side, but also real estate owners and developers on the supply side. Free access to premium services like Tuneln, Mubi and more. You can read the details below. The company is still very much an urban player, but it has a lot of hotels to its inventory of short-term rentals. Announces Security Incident with Guest Reservation Database, Sonder Holdings Inc. Q3 2022 Earnings Presentation 3.3 MB. And improving their Revenue per Available Room (RevPAR) from $74 to $165. selina investor presentation. 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! This enables Sonder to become an integral part of the community. Please try again. And their expected growth rate is also head and shoulders above the median of each of those industries. This results in immediate cash flow for developers as well as fewer operational headaches for property owners. 40+ cities in 10 countries Approximately 9,000 units live worldwide 1M+ guests Where we're going Bookable Nights represent the total number of nights available for stays across all Live Units. 9800 Wilshire Boulevard. By providing 24/7 guest support, self-check-in, stocked kitchens, crisp linens, and everyday amenities, Sonder ensures a unique, yet consistent experience.