Highlights from the presentation are below. check out the ultimate pitch deck collection here! 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. 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. Transcript. Peter Thiel on Identifying Disruptive Companies: 10x Better than Competitors. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. It could be that bookings from OTAs like Airbnb and Booking.com were canceled by force majeure and that Sonders direct bookings were not. 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. Sonder | Series D Deck Jul. Your email address will not be published. As opposed to Airbnb, Sonder owns and manages its own rental properties, which are licensed as hotels. Many services like the front desk, concierge, customer service, cleaning are replaced with their app. Sonder Holdings Inc. Occupancy limits - The number of guests that can occupy common areas is being limited to encourage social distancing between guests. 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. How about a sneak peek at Sonders 2021 investor slide deck? SPAC IPO Slides. After submitting your request, you will receive an activation email to the requested email . Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. Get research, business strategy, and tech analysis delivered to your inbox. Investor Contact Meredith Kaya (617) 599-8178 meredith.kaya@apellis.com. 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. We reserve the right to block IP addresses that submit excessive requests. IQHQ Appoints Janice Sears and Anshul Mangal as Independent Members to its Board of Dir.. Burberry Names Chief Officers for E-commerce/Digital, Merchandising, Burberry adds digital, merchandising chiefs to executive team, Sonder Holdings Inc. : Change in Directors or Principal Officers (form 8-K). We plan to have a multi-part series diving into Sonder's competition, strategy, leadership, and more. Additionally, Sonder plans to expand its portfolio to include resorts, villas, and residences. Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. However, Sonder's definitions may differ from the definitions used by other companies and therefore comparability may be limited. Travel News, Airline Industry News and Hotel Industry News by Skift For more information, contact opendata@sec.gov. 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. F 310 209 3310. NIRE 35.300.351.452. Today's call will include non-GAAP financial measures, which should be considered in addition to and not as a substitute for or in isolation from our GAAP results. Volt does not purport to provide any legal, tax, or accounting advice. Reference ID: 0.7ca50517.1677666887.260142e. Head over to Perfect Pitch Deck. Presentation. Signage - Signs have been put up across Sonders buildings to encourage social distancing and occupancy limits. The front desk at a Sonder hotel is never busy. To Partner with Sonder, you can reach them via email on partners@sonder.com, (Source: Sonder and GMII Investor Presentation). It appears that you have an ad-blocker running. Free Cash Flow Margin is defined as Free Cash Flow as a percentage of revenue. By June 2020, the company had raised a total of over $550 million, valuing Sonder at $1.3 billion. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. booking trends tend to favor rural areas. Thanks to savings due to tech automation, guest rates are supposed to be very competitive for the value offered. Any and all subjective claims and statements made on this site regarding companies or securities are strictly the beliefs and views held by Volt and are in no way meant to be an endorsement by Volt of any company or security and nor is it meant to be a recommendation by Volt to buy, sell, or hold any security.Past performance is no guarantee of future returns. In addition to being easy to use, it is also reliable, efficient, and scalable. Sonder currently operates more than 300 properties across 35 markets in eight countries. With property level profit margins going from (54%) in 2020 to 32% in 2025. 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. 2023-01-23 View all with same reporting date. View this Presentation PDF Format Download (opens in new window) . Revenue growth will be achieved by a combination of supply growth and RevPAR growth. 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 Jan 9, 2023 12:00 PM EST 41st Annual J.P. Morgan Healthcare Conference. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Free tools and resources like this shipped to you as they happen. Contacts. Blend's cloud-based software platform is designed to power the end-to-end consumer journey for any banking product from application to close. The information that can be accessed through hyperlinks or website addresses included herein is deemed not to be incorporated in or part of this 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. Sonder is revolutionizing hospitality through innovative, tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamlessly managed experience. You can read more of our analysis on Sonder's strategic position vs. hotels in this post. Sonder plans to grow its Live Units supply by 15-fold over the next 5 years, an ambitious goal. Description. It offers several accommodation options ranging from spacious rooms to fully-equipped suites and apartments. 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. 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). Distributed by Public, unedited and unaltered, on 10 August 2022 21:08:00 UTC. This results in immediate cash flow for developers as well as fewer operational headaches for property owners. The same applies to hotel owners. 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. 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. https://www.rentalscaleup.com/author/thibault-masson/, Vrbo to Switch to Expedia Group Platform in 2023: Challenges and Opportunities. Tap here to review the details. Looks like youve clipped this slide to already. 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. Adjusted EBITDA is defined as net loss excluding the impact of depreciation, stock-based compensation, COVID-19 pandemic related offboardings (costs associated with exiting units at the beginning of the COVID-19 pandemic), restructuring charges (if any), and other expense (income), net (which primarily includes mark-to-market adjustments related to financial instruments such as convertible debt and warrants). The company was launched in 2014 and cofounded by Francis Davidson and Martin Picard. The Sonder app is recommended for download for any guest who chooses to stay in any of their properties. The urban short-term rental category was a victim of the COVID-19 crisis. Unsubscribe at any time. EBITDA margin going from (181%) in 2020 to 16% in 2025. Webcast. An investor presentation provides a clear, concise yet informative overview of your business to potential investors. In 2012, while he was a student at McGill University, Francis Davidson started renting out his own apartment and managing apartments of out-of-town students in the summers as a way to earn extra money. Shares of Rocket Lab declined 9.9% in trading on . View All Annual Reports. Data Provided by Refinitiv. 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. Feel free to reach out to Thibaut Masson on Linkedin. BEVERLY HILLS, CALIFORNIA. 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. Driven in part by increasing supply from 12k total units (live + contracted) in 2020 to 102k total units in 2025. So you do not need to waste the time on rewritings. For investor inquiries: ir@sonder.com For media inquiries: https://investors.sonder.com/media-page Heres what Sonder offers to its stakeholders: Sonder is not going public through an IPO as Airbnb did. Instead, guests are sent a secure key code prior to arrival for a completely contactless check-in. Cyxtera Management Q2 2022 Earnings Call. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Sonder's system is simple, easy, streamlined, and centralized. From simple self check-in to boutique bathroom amenities, we bring the best of a hotel without any of the formality. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. At the height of the pandemic, direct bookings jumped from 26% to 59%. Super hack for annoying LinkedIn connection requests, Email can suck less. Investor Relations. As part of its strategy, the company wants to transition to a liability-light business model characterized by revenue sharing and mixed lease agreements. Yet, as the company wanted to grow in markets hostile to short-term rentals, such as New York City, it started adding hotel properties that could be modernized and would comply with local regulations.What Sonder was actually building was a hospitality brand and it could stretch across various property types. Sign up to our email list so you don't miss a thing. By providing 24/7 guest support, self-check-in, stocked kitchens, crisp linens, and everyday amenities, Sonder ensures a unique, yet consistent experience. This includes any unit that has a signed real estate contract, regardless of whether or not the unit is available for guests to book. He also leads innovative projects for companies within the vacation rental industry. Existing Sonder investors, including Canada's Inovia Capital Growth Fund I, will retain 74-per-cent ownership. Officially launched in 2014 and headquartered in San Francisco, Sonder is making a world of better stays open to all with a variety of accommodation options from rooms to suites and apartments found in 40+ cities spanning ten countries and three continents. Copyright 2023 Surperformance. He owns vacation rentals in St. Barths and Bali. Takeaway: Regarding the 3 dimensions of price, design, and quality consistency, Sonder introduces technology to drive down the price dimension, so that it can score top marks on all 3. The deal is expected to close in the second quarter, pending approval. 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. . Content is subject to change without notice. Occupancy Rate ("OR") is defined as Occupied Nights divided by Bookable Nights, expressed as a percentage. Download PDF. None of Volts proprietary content may be reproduced or referenced, in full or in part, in any other publication without the expressed written consent of Volt. Sonder leases and renovates apartments and hotels, and rents them to guests. FLGC: $0.37: Q3 2022 FLGC Earnings Call. A traditional apartment developer may need a couple of years to stabilize the property. JavaScript is disabled! Scribd is the world's largest social reading and publishing site. Due to the company's recent changes to its business model, it may be possible to scale more quickly. Sonder is not yet able to generate revenue from these units. Property Level Costs ("PLC") represent costs directly associated with guest-facing functions in each of Sonder's buildings. There was an error submitting your subscription. However known and unknown risks and uncertainties may cause actual results to materially differ from what is expressed in such statements. The companies estimate that Sonder will obtain $650 million USD in cash proceeds from the deal, which will increase the company's enterprise value to $2.2 billion. 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). Year-End Financials. 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. Private Equity/Venture Capital/Angel Investor in the Fintech/Blockchain and Hotel/Hospitality Sector, Do not sell or share my personal information. But even outside of the stay, Sonder leverages home-grown technology to optimize backend operations (e.g. The growth of its platform is heavily influenced by supply growth or the sheer number of listings. And Adj. 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. Some also include access to building amenities such as game rooms and movie theatres. As explained by founder Francis Davidson, Sonder, is as simple as apartments, villas, and condos that are serviced to the level of hotels. 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). 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). Takeaway: Given industry multiples and Sonder's growth rate, Sonder's valuation seems like the deal of a lifetime. On the company website, property owners can find out about Sonders promises about returns. . Sonder has multiple offices across the globe, with Hub cities in Denver, San Francisco, Montreal and London/Amsterdam. 01/30/2023 08:00 AM ET. Ultimately, it may become the operating system for the hospitality industry in the future. - YMAP is a youth-led non-profit organization dedicated to connect youths with opportunities in the field of neuroscience and health sciences. In essence, Sonder is a hotel-quality room without the commercial feel of a hotel. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-T9S432" height="0" width="0" style="display:none;visibility:hidden"></iframe> Now check your email to confirm your subscription. Launched in 2015, Hostaway has helped thousands of vacation rental property managers regain their focus on growing their business. 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. Hostaway takes pride in aligning itself with the needs of the fast evolving landscape and always provide reliable technology and great support. The way Sonder achieves this is through cutting out the fat in the hospitality industry through technology. Stock Symbol Price Chart (24H) Flora Growth Corp. FLGC. Average Daily Rate ("ADR") represents the average revenue earned per night occupied and is calculated as revenue divided by Occupied Nights. Q3 2022 Earnings Presentation 3.3 MB. 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 Its backers have included Fidelity, WestCap, ScaleUP Ventures, Real Ventures and Inovia Capital, among others. Thanks to the pipeline of Contracted Units due for delivery soon, they are optimistic that they will be able to accomplish this. 1001 and 1030). They are consistent and dependable, he continued, We are the managers of the entire experience. Requests, email can suck less going from ( 54 % ) 2020. For any guest who chooses to stay in any of their properties of ebooks,,! 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