Corphousing Group IPO Presentation Deck

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Corphousing Group

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corphousing-group

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Real Estate

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2022

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#1Filed pursuant to Rule 433 of the Securities Act of 1933 Issuer Free Writing Prospectus dated February 7, 2022 Relating to the Preliminary Prospectus dated February 7, 2022 Registration Statement File No. 333-262114 This free writing prospectus relates to the proposed public offering of shares of common stock, par value $0.00001 per share, and warrants of CorpHousing Group Inc. (the "Company") which are being registered on a Registration Statement on Form S-1, as amended (File No. 333-262114) (the "Registration Statement"). This free writing prospectus should be read together with the preliminary prospectus dated February 7, 2022, included in that Registration Statement which can be accessed through the following link: https://www.sec.gov/Archives/edgar/data/0001893311/000110465922012179 /tm2134516-11_s1a.htm The Company has filed the Registration Statement (including a prospectus) with the Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in that Registration Statement (including the Risk Factors contained therein) and other documents that the Company has filed with the SEC for more complete information about our company and this offering. You may get these documents for free by visiting EDGAR or the SEC web site at www.sec.gov. Alternatively, the Company, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York NY 10022 by calling 212-895-3745. CHG CORPHOUSING GROUP IPO Roadshow Presentation January February 2022#2DISCLAIMER Statements in this presentation, including but not limited to those regarding the possible or assumed future or performance of CorpHousing Group, Inc. ("CorpHousing" or the "Company") or its industry or other trend projections, may constitute forward-looking statements. These statements include, but are not limited to, statements regarding the timing, anticipated size and terms of the proposed offering, the Company's expectations regarding the performance of its business, financial performance, liquidity and capital resources, its addressable market size and opportunity, travel conditions in the face of a pandemic or other travel disruptions, differences between private and public company lease accounting requirements, growth prospects, the Company's long-term model, and other non- historical statements. These statements can be identified by the use of words such as "believes", "anticipates", "expects", "intends", "plans", "continues", "estimates", "predicts", "projects", "forecasts", and similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside the control of the Company, including those described in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Registration Statement on Form S-1 (File No. 333-262114), as amended, filed with the U.S. Securities and Exchange Commission (the "SEC"). Such factors may cause actual results, performance, or developments to differ materially from those expressed or implied by such forward-looking statements. Accordingly, no assurance is given that such forward- looking statements will prove to have been correct. They speak only as of the date of this presentation, and except to the extent required by federal securities laws, the Company undertakes no obligation to update these forward-looking statements. Certain information contained in this presentation and statements made orally during this presentation relate to or are based on studies, publications, surveys, and other data obtained from third-party sources and CorpHousing's own internal estimates and research. While the Company believes these third-party studies, publications, surveys, and other data to be reliable as of the date of this presentation, it has not independently verified, and makes no representations as to the adequacy, fairness, accuracy, or completeness of any information obtained from third-party sources. In addition, no independent source has evaluated the reasonableness or accuracy of CorpHousing's internal estimates or research and no reliance should be made on any information or statements made in this presentation relating to or based on such internal estimates and research. All statements in this presentation attributable to third-party sources represent the Company's interpretation of data, research opinion, or viewpoints published by such third party and have not been reviewed by such third parties. Each such cited sources speaks as of its original publication date (and not as of the date of this presentation). This presentation includes "non-GAAP financial measures". These non-GAAP financial measures may not be comparable to similarly-titled measures presented by other companies or to third-party expectations, nor should they be construed as an alternative to other financial measures determined in accordance with GAAP. Refer to the Appendix for a reconciliation of those non-GAAP financial measures to the most directly comparable GAAP measures. This presentation shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Sales and offers to sell our securities will only be made in accordance with the Securities Act of 1933, as amended, and applicable SEC regulations, including written prospectus requirements. We have filed a registration statement on Form S-1, as amended (including a preliminary prospectus) with the SEC for the offering to which this presentation relates. The registration statement has not yet become effective. Shares of our common stock and warrants may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. Before you invest, you should read the preliminary prospectus and the other documents we file with the SEC for more complete information about us and this offering. You can obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Electronic copies of the prospectus related to this offering, may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, by telephone at (212) 895-3745.#3OFFERING SUMMARY ISSUER: EXCHANGE//SYMBOL: UNITS OFFERED¹: OFFERING PRICE: OFFERING SIZE: OFFERING TYPE: UNIT DETAILS: WARRANT STRUCTURE: ANTICIPATED USE OF PROCEEDS: SOLE BOOK-RUNNER: (1) Units offered based upon the midpoint of the estimated price range CorpHousing Group, Inc. ("CorpHousing Group" or the "Company") NYSE American // CHG, CHGW 4,285,714 $3.00 to $4.00 per unit $15.0 million (excluding 15% over-allotment option) S-I Initial Public Offering Common Stock & Warrant CHG 5-year tradeable warrant, exercise price equal to 105% of unit public offering price Acquisition of additional accommodation units & general corporate purposes, including working capital, funding of letters of credit and other instruments as required by leases for accommodation units, and the servicing of existing and future indebtedness Maxim Group LLC 3#4TODAYS PRESENTERS BRIAN FERDINAND Chief Executive Officer & Chairman of the Board DAVID GURFEIN President & Chief Operating Officer SHANOOP KOTHARI Chief Financial Officer CHG#5INVESTMENT HIGHLIGHTS: Why CorpHousing Group Asset Management-Based Superior Technology Distributed Servant Leadership "Heroic" Service Asset Light Model Expansion During COVID Downside Tested Experienced Leadership *Gross revenue CAGR from 2019 to YTD 9/30/2021. Differentiated Approach Versus Competitors Enhanced Decision Making Reduces Costs & Increases Efficiency Lower Customer Acquisition Cost & Commissions Creates Opportunity for Improved Margins Once in A Lifetime Acquisition Opportunity Revenue Increased 101% + Despite Covid* Able to Anticipate & Mitigate Challenges CHG 5#6MARKET OVERVIEW: Resilient Growth despite COVID-19 Global Vacation Rental Market (CAGR: 3.4%) U.S. Short-Term Rental (STR) Market -Historical Pre-Pandemic Trend May 2021 Forecast May 2021 Upside Forecast May 2021 Downside Forecast $86,4 $89.4 $92.6 $95.8 $99.2 $102.7 Source: Grand View Research, Inc. Jun-2021 $106.3 $110.0 $113.9 2019 2020 2021 2022 2023 2024 2025 2026 2027 100 00 2017 2018 Source: ARONA Note: Seasonally adjusted and indexed to Q1 2020 4 2022 (ADR) will be 7.5% higher than in 2019 U.S. STR revenues will increase by 42% over the 4-years U.S. demand growth is outstripping supply growth 2019 2020 http://www.ara.co/resource/2021-short-term rental outlook reports&am_campagres?&AM CHG 2021 ce=isa@dyno&utm_mediumalate AIRD.NA#7INTRODUCTION: CorpHousing Group Snapshot WHO WHAT WHERE WHY $25.0 $20.0 $15.0 $10.0 TECHNOLOGY Bg + $5.0 2019 CorpHousing Group, founded in 2017 Conducts Short-Term Rental Arbitrage, leveraging technology to identify, acquire, manage, market, and rent units to Guests, with the focus on providing exceptional service LOCATIONS FURNISHINGS 2019-9/2021 CAGR Net 73% CAGR Gross 101% CLEANLINESS YTD 3021 1,600 1,400 1,000 800 0 + + ak + • 490 active units under signed leases located in the urban core of 9 major metropolitan U.S. cities • 945 additional units we anticipate will be active and contributing to revenue by 6/30/22 (total 1,435) Unique Approach to short-term rental arbitrage which captures outsized revenue growth per capital deployed Revenue Growth Units 2019-6/2022 CAGR 190% 600 400 HERDIC SERVICE ™M 200 GREAT REVIEWS CHG IMPROVED ROI $ 2020 YTD 3020 Net Revenue Gross Revenue Source: Derived from pages F-4 and F-16 of the Preliminary Prospectus dated January 31, 2022. CAGR from 1/1/2019-9/30/2021. Source: Derived from pages 7 and 52 of the Preliminary Prospectus dated January 31, 2022. CAGR 2019-June 2022. 2019 2020 2021 Mar-22 Jun-22 7#8KEY DIFFERENTIATORS H DISCIPLINED ACQUISITION . HE STRATEGY Asset Lean City Core Clumping Big Data Analytics Low Rent - High Revenue $ ADVANCED REVENUE MANAGEMENT Proprietary Technology Intra-Day Pricing Updates Continuous Mkt Assessments Dynamic Pricing SIGNIFICANT GROWTH AND OPERATING LEVERAGE il DISTRIBUTED SERVANT LEADERSHIP Heroic Service Effective Communication Efficient use of Personnel Minimal Corporate Overhead Cash Flow Positive in 2019 (Pre-COVID) - Poised to Return to Cash Flow Positive CHG 8#9ILLUSTRATIVE PRO-FORMA REVENUE: Potential revenue from 1,435 anticipated Units* ACTUAL GROSS REVENUE $6,350,628 110 Units 2019 (Full Year) ILLUSTRATIVE PRO-FORMA REVENUE: $91,131,512 1,435 Units 2019 (Full Year) Based on: 2019 Average Revenue Per Unit Pro-Forma for 1,435 units Source: Preliminary Prospectus dated January 31, 2022 Calculated as follows: 2019 gross revenue of $6,350,628 (page F-4) divided by 100 average units (page 52) multiplied by 1,435 Units (page 7). $13,540,488 300 Units 2020 (Full Year) $64,768,668 1,435 Units 2020 (Full Year) Based on: 2020 Average Revenue Per Unit Pro-Forma for 1,435 units Source: Preliminary Prospectus dated January 31, 2022 Calculated as follows: 2020 gross revenue of $13,540,488 (page F-4) divided by 300 average units (page 52) multiplied by 1,435 Units (page 7). $21,485,067 469 Units 2021 (ONLY 9-MONTHS) $65,737,892 1,435 Units 4G 2021 (ONLY 9-MONTHS) Based on: 2021 YTD Average Revenue Per Unit Pro-Forma for 1,435 units Source: Preliminary Prospectus dated January 31, 2022 Calculated as follows: YTD 9/30/2021 gross revenue of $21,485,067 (page F-16) divided by 469 average units (page 52) multiplied by 1,435 Units (page 7). • The above pro forma revenue information is presented for illustrative purposes only. It is based on our actual annual average revenue per unit (ARPR) for the periods indicated as if we had 1,435 units commercially active during such period. We anticipate having 1,435 units active and generating revenue by June 30, 2022. There can be no assurance that all such units will be active by such date and our ability to bring additional units online can be delayed by numerous factors, including those set forth in our preliminary prospectus dated January 31, 2022, under the section entitled "Risk Factors." We cannot be certain that we will have ARPR going forward equal to or greater than that experienced in the indicated periods, and it is possible that our ARPR rates going forward will actually be materially lower.#104G UNIT ECONOMICS: Despite the Negative Effect of COVID Despite increased operational efficiencies, a drastic increase in refunds -- due to unprecedented travel restriction associated with COVID -- significantly impacted our bottom line. Refunds will normalize $4,683 $5,090 2019 (Full Year) 2021 (Q1-Q3) All Numbers: Unit/Month Revenue 9% $1,741 (34% of Rev) $676 (14% of Rev) $4,007 Refunds 157% ▪ Grew revenue per unit since development or technology ■ Cost of revenue declined with scale $3,349 $3,474 $3,263 $533 Net Rev (16%) Cost of Rev (6%) Gross Profit (84%) Source: See our preliminary prospectus, dated as of January 31, 2022, pages F-4 and F-16 for Revenue, Refunds, Net Revenue, Cost of Revenue and Gross Profit, in each case divided by average active Units for the period, as set forth on page 52. $86 10#11ASSET LIGHT BUSINESS MODEL $100,000 $80,000 $60,000 $40,000 $20,000 Cost Per Unit Acquired & Managed CHG The Guild Frontdek Sonder Source: Preliminary Prospectus dated January 31, 2022. 40x 35x 30x 25x 20x 15x 10x ▪ Lowest Cost/Unit Acquired & Managed vs. Competitors: ▪ ■ $16,939 (historical), page 71 of Preliminary Prospectus See slide 17 for supporting information 5x Operating Leverage Over 10-year Lease Rental Revenue = 22x - 34x Acquisition Cost Ex: $103 RevPAR* 365 days / year *5 years = $187,975 / $16,939 = 11.1x Year 1 Year 5 Low High Note: Calculated by low/high ($103 or $160) * 365/ days per year] times number of years] divided by $16,939 Massive Upside to Unit Acquisition Costs based upon historical low & high revenue per available room night ■ $103 (2020) historical low (page 51 of Preliminary Prospectus) $160 (2018) historical high (page 51 of Preliminary Prospectus) Year 3 CHG Year 7 Year 10 11#12CASE STUDY: Recent Acquisition ▪ CHG entered into a lease for The Blakely New York Hotel on West 55th Street in New York City in October 2021 ▪ 118-room property ■ 15-year lease ▪ Required refundable letter of credit funded from a portion of the proceeds of October 2021 bridge financing ▪ Based upon CHG's historical low & high revenue per available room night, property could add between $4.4 - $6.9 mm of potential annual net revenue ($ in millions) $8.0 $7.0 $6.0 $5.0 $4.0 $3.0 $2.0 $1.0 Potential Annual Net Revenue Low High Note: Calculated by using historical low/high revenue per available room night [[($103 or $160) *365 / days per year * 118 rooms). CHG 12#13SALES AND MARKETING DISTRIBUTION PARTNERS MARRIOTT BONVOY airbnb PRIMUS TEMPORARY HOUSING TEMPORARY™ HOUSING THD DIRECTORY Booking.com Vrbo EXPRESS CORPORATE HOUSING SIRVA the squa.re e expodia group Worldwide Relocation & Moving NEW YORK HOMES & VILLAS BY MARRIOTT INTERNATIONAL next TRAVEL NURSING ZEUS Travel Nurse CHG HOUSING 13#14GG DISTRIBUTED SERVANT LEADERSHIP Decreased Response Time & Enhanced Decision-Making Provides Exceptional Service Which Exceeds Expectations Virtual Headquarters with Executives & VPs Leading & Managing Remotely Reduces Corporate Overhead Set The Example Support Others Establish Trust GUESTS & PROPERTY OWNERS TEAM MEMBERS VPS EXECS Foster Transparency Identify "Why" X Delegate Encourage Authority Initiative Solve Problems 14#15"HEROIC" SERVICE: Lower CAC and Commissions due to Repeat Guests Objectives 110% LS HASSEL-FREE EXPERIENCE Easy, Orderly, Pleasant interactions EXPECTATIONS EXCEEDED Delighted People & Exceptional Experiences RAVE REVIEWS POSTED Public Recognition of Heroic Service OUR BRANDS REMEMBERED Favorable Recognition of LuxUrban & SoBeNY INFORMATION SHARED Social Media & Word-of-Mouth Marketing COMMITTED TO RETURN Relationships Established For Repeat Visits Execution RESIDENT MNGR MAINTAIN VALUE FOR OWNERS Focus - External Support - Internal CLEANERS HOST/CONCIERGE PROVIDE EXCEPTIONAL SERVICE FOR GUESTS SIDE-KICKSTM SERVICE SUPPORT CHG HEROES™M BIZDEV REP INCREASE PRORT FOR CHG CHG LEADERSHIP CHG SUPERHEROES™M $ Focus - External Support - Internal MAINTENANCE SECURITY & VERIFICATION 15#16TECHNOLOGY: Next Generation Hospitality/Property Management Guest's Experience & CHG'S Use of Technology ARRIVE STAY SELECT TARGETING CITIES & UNITS CHG's Big Data Analytics 1 MARKETING & SALES CHG's SoBeNY App+++ & Website sobenewyork.com В. → Booking.com PREP Expedia Vrbo & airbnb HOMES & VILLAS BY MARRIOTT INTERNATIONAL PRICING CHG's Adv. Data TRAVEL SUPPORTING TRAVEL COMMUNICATING EXTERNALLLY CHG's SoBeNY App+++ • Flights, Cars, etc.... SECURING-VERIFYING FULFILLING SPECIAL REQUESTS CHG's SoBeNY App +++ • Groceries • Early check-in • Child Specific, e.g., crib, highchair, etc... +++ Presently Being Developed by CHG MANAGING BOOKINGS PROVIDING GUESTS INFORMATION MONITORING COMMUNICATING INTERNALLY DEPART CLEANING PHYSICALLY SECURING FULFILLING SPECIAL REQUESTS CHG's SoBeNY App +++ • Guest Service Messaging • Personal Items, e.g., toothbrush • Extra towels Late check-out/Extensions MANAGING EXPENSES RATE CHG RETURN MAINTAINING RELATIONSHIPS CHG's SoBeNY App+++ • Loyalty/Rewards • Guest Surveys • Receipts Trip History • Rebooking 16#17BENCHMARK ANALYSIS: More With Less CHGS ratio of funds raised via investments per the number of units managed is less than its peer set Funds Raised ($1,000s)/Units Managed GG $16,939 New York Founded 2017 $8mm Invested 490 Units Managed The Guild $18,250 Texas Founded 2016 $37mm Invested ¹ 2,000 Units Managed 5 $23,067 5. https://theguild.co/2022/01/11/the-guild-acquires-crea-management/ 6. https://www.phocuswire.com/FrontDesk-Hot-25-Travel-Startups-2022 7. 8. https://www.sander.com/about Milwaukee Founded 2017 $17mm Invested 2 750 Units Managed 6 kasa $56,300 California Founded 2016 $56mm Invested ³ 1,000 Units Managed? Sonder $83,587 https://www.forbes.com/sites/noahkirsch/2020/10/13/kasa-living-a-short-term-rental-startup-raises 30-million-to-create-a-more-formal-airbnb/?sh=25ee76c1dfc CHG Note: CHG data from the Preliminary Prospectus page 71 dated January 31, 2022. Other company units are most recent available data source (1/28/22). Funds raised for other company's are per Crunchbase (1/28/22) 1. https://www.crunchbase.com/organization/guild-lodging 2. https://www.crunchbase.com/organization/frontdesk 3. https://www.crunchbase.com/organization/kasa-living https://www.crunchbase.com/grganization/sonderstavs San Francisco Founded 2012 $527mm Invested 4 6,300 Units Managed 8 17#18POTENTIAL COMPARABLE COMPANIES Primary Comparables Sonder airbnb vacasa SmartRent Secondary Comparables Opendoor do Tripadvisor hometogo Porch 途牛 tuniu.com BOOKING HOLDINGS RateGain Soon Public Comparables INSPIRATO HotelPlanner GG GLOBAL AMERICAN BUSINESS EXPRESS TRAVEL e expedia group This is a list of selected representative competitors and is not exhaustive. Other competitors exist and additional competitors will likely emerge in the future. MONDEE Selina 18#19CASE STUDY: CHG vs Sonder & Vacasa Net Revenue Growth CHGSonder Vacasa 160% 120% 80% 40% 0% -40% $200 $160 $120 $80 2020 $40 ICHG YTD 3Q21 RevPAR Sonder -CHG > Sonder 50% 40% 30% 20% 10% 80% I 2019 2020 YTD 3Q21 Source: All of the information included in this side are from our Preliminary Prospectus dated January 31, 2022 and other publicly available filings on www.sec.co. Vacasa not included in RevPAR as they do not disclose information at a comparable leve 0% 60% 40% 20% 0% 16.0x 12.0x 8.0x 4.0x 0.0x (4.0x) G&A as a % of Revenue CHGSonder Vacasa 2019 2020 G&A Efficiency * CHG Sonder Vacasa YTD 3Q21 GHG J I 2020 YTD 3Q21 G&A Efficiency defined as: revenue increase / increase in G&A 19#20UNIT ECONOMICS (CONT'D): Negative Effect of COVID Related Refunds Without Covid, our YTD 2021 margins could have been... Refunds will Normalize * 25% 20% 15% 10% 5% 0% Expected normalized total refund levels 2019 2020 Sep-21 -Covid Related Normal Course of Buinsess Source: Preliminary Prospectus dated January 31, 2022,page 52. Expected normalized refund levels based on 2019 (before Covid). 30% 25% 20% 15% 10% 5% 0% 2021 YTD Illustrative Gross Margin at Pre-Covid Refund Rates Based on: 9/21 Gross Profit at Various Illustrative Refund Rates 2021 YTD Actual $3.0 20.0% $2.0 $1.0 $(1.0) 2021 YTD Illustrative Net Income and Net Income w/out Interest** ($ in millions) $(2.0) @34.2% @12.5% $15.0% @17.5% Left column from Preliminary Prospectus dated January 31, 2022 page F-16 gross margin of $361,450/ net revenue of $14,135,276. Revenue is net of refunds realized at 34.2% of gross revenue. Illustrative 9/2021 gross margin percentages at indicated hypothetical refund rates. Net Inc. (Less) Net Inc. (Loss) before Int -Net Inc. (Loss) before Int. % Revenue CHG 1 @12.5 % 15.0% 17.5% @20.0% 9/21 Net Income at Various Illustrative Refund Rates with and without Interest** 20% 15% 10% -10% Net Inc. (Loss) before Int.% Revenue $13.0) -15% ** Assumes no tax impact (as an LLC) prior to our conversion to C-Corp. Left column from Preliminary Prospectus dated January 31, 2022 page F-16 net loss of $2,475,966 which is at a realized refund rate of 34.2% and net loss plus interest (loss $2,475,966 + $1,226,931) -$1,249,035). Illustrative 9/2021 net income and net income plus 20 interest at indicated hypothetical refund rates.#21LEADERSHIP: Experienced management with diverse backgrounds BRIAN FERDINAND Chief Executive Officer and Chairman of the Board Brian Ferdinand founded our company in 2017. Prior to this, he was Chief Operating Officer and a partner at Vacation Rentals LLC, a provider of loyalty-branded, hotel-alternative accommodations, and prior to that, from 2011 through 2014, Mr. Ferdinand served as a member of the Board of Directors and Head of Corporate Strategy at Liquid Holdings, Inc. ("Liquid"), a designer and operator of fintech-based brokerage order execution platforms and services, Mr. Ferdinand served as Managing Director and partner at ECHOTrade LLC, a proprietary trading firm, where he oversaw that company's expansion from 30 to nearly 1,000 licensed traders working in offices throughout the United States and internationally in JBO partnership with Merrill Lynch and Bank of America. JIMMIE CHATMON Executive Vice President and Director Jimmie Chatmon joined our company in November 2017 and has helped our company grow in the short-term rental marketplace, drawing upon his prior experience and analytical expertise in designing our daily pricing and distribution strategies, while overseeing our revenue management team. Before joining our company, from July 2016 to November 2017, Mr. Chatmon worked in sales and revenue management at Vacation Rentals LLC, a provider of loyalty-branded, hotel-alternative accommodations. Mr. Chatmon earned his B.S. in Business Administration from the University of Miami in 2015. DAVID GURFEIN Partner, President & Coo David H. Gurfein joined our company in November 2017. Prior to this, he served as Chief Executive Officer of United American Patriots, a non- profit 501(c)(3) organization that focuses on service members individual rights. From June 2012 to June 2017, Mr. Gurfein was President of True Health & Wholeness, a health and fitness company. He was a Managing Partner and Senior Vice President for Business Development at Holden International, a business development and consultancy company, from July 2010 to June 2012. Mr. Gurfein served in the US. Marine Corps from September 1982 to November 2007, enlisting as a private and retiring as a Lieutenant Colonel. Mr. Gurfein holds an M.B.A. from Harvard Business School and a 8.5. from Syracuse University. SHANOOP KOTHARI Chief Financial Officer Shanoop Kothani has been our Chief Financial Officer since January 2022. From January 2019 until September 2021, Mr., Kothari was the Chief Financial Officer of NuZee Inc (Nasdaq: NUZE), From July 2020 until May 2021, Mr. Kothari also served, in dual capacity, as Nužee's Chief Operating Officer. In addition, Mr. Kothari served as a director of NuZee from October 2019 to March 2021. Prior to joining NuZee, Mr. Kothari was a Managing Director at B. Riley FBR, Inc. ("FBR) from June 2014 until September 2018. From September 2012 to June 2014, Mr. Kothari was the Chief Financial Officer of a private oil and gas refinery joint venture with HollyFrontier. Mr. Kothari was an investment banker at Credit Suisse from June 2005 until September 2012. From May 1998 until April 2003, Mr. Kothari served in variety of capacities for BindView Development, a publicly traded software company, including as Chief Financial Officer (from January 2001 to May 2001). Mr.Kothari was senior auditor at Price Waterhouse from June 1995 to May 1998. Mr. Kothari holds a BA in Accounting from Southern Methodist University and an MBA from Rice University. Mr. Kothari is also a licensed CPA and CIA and possesses Series 7/24/63 licenses. CHG KEVIN MIKLOSHECK Chief Legal and Compliance Officer Kevin Mikolashek joined our company in September 2021. Prior to this, from April 2018 until September 2021, he served as Managing Director for Misbah- Maher Consultancy, a consulting firm focused on Federal Government contracts in Afghanistan, and for Maher Legal Services, a law firm. From November 2015 to March 2018, Mr. Mikolashek was Senior Counsel at the Enforcement Division of the Federal Reserve Board of Governors, investigating large financial institutions. From November 2005 to November 2015, he served in the U.S. Department of Justice as an Assistant United States Attorney in the Eastern District of Virginia, where he led complex procurement fraud investigations into some of the nation's largest defense contractors and represented the United States in civil litigation. From January 1997 to November 2005, Mr. Mikolashek served as an Army Judge Advocate Officer, prosecuting felonies, providing legal advice to combat commanders, and representing the Army in civil litigation. Mr. Mikolashek holds an M.B.A from the University of Virginia Darden Graduate School of Business, a J.D. from the Dickinson School of Law of Pennsylvania State University, and a B.A. from the 21 Shippensburg University of Pennsylvania.#22CHG Board: Experienced and diverse BRIAN FERDINAND Chief Executive Officer and Chairman of the Board JIMMIE CHATMON Executive Vice President and Director AIMEE J. NELSON independent Board Member Aimee J. Nelson will become a director of our company upon consummation of this offering from June 2020 to present, Ms. Nelson has provided various clients with financial and strategic consulting services through her firm, AJAY Ventures. From January 2020 to June 2020, she was the Chief Financial Officer of Cuisine Global, a plant-based food and lifestyle company, where she Implemented new accounting and vendor management systems, oversee assets sales, and created annual budgets and strategic plam From April 2014 to May 2018, she was a Managing Director at Fifth Third Bank, a national bank, where she oversaw a portfolio of corporate lending clients, ranging from starts ups to mature Nigh revenue businesses. From January 2012 to April 2014 she was a consultant to Wild Cats, LLC, a development stage company funded by Yucalpa Companies, overseeing the formation of a joint venture with Daymon Worldwide to launch more than 160 fresh foods and nonfood products through global retail chains. From June 2010 10 December 2011 she was a finance consultant to Key Development, LLC, a family office, consulting that company on the areas of business acquisitions and opportunities. From 1999 to May 2010 she worked in various capacities at national banks, including IPMorgan Chase, Compass Bank, Wachovia Bank and Park C k Cities Bank, where she helped building portfolios of banking clients and assisted in business growth initiatives, including in the areas of real estate and commercial real estate lending. She received her BBA from Texas Christian University and her MBA from Southern Methodist University. JEFFREY WEBB Independent Board Member Jeffrey Webb will become a director of our company upon comummation of this offering, Jeffrey Webb became Chairman and Chief Executive Officer of Varsity Brands when that company was formed in 2012 from the merger of Varsity Spirit Corporation, a company founded by Mr. Webb, and Herff Jones, a leading producer of high school and college graduation apparel and class rings. He stepped down as CEO of Varsity Brands in 2016. He continued to serve as Chief Executive Officer of Varsity Brands through its acquisition by Bain Capital Private Equity for $2.8 billion in 2018, and ultimately retired as its Chairman in 2020. In 1974, Mr. Webb founded Varsity Spirit Corporation, a company that develops nationwide training camp systems, distributes uniforms and equipment, and produces national televised championship competitions, tours and performance for and featuring collegate and high school spirit and cheerleading organizations. Events produced by Varsity Spirit Corporation indude high-profile events such as the Macy's Thanksgiving Day Parade in New York, the Circus Bowl, and various European events. Prior to founding Varsity Spirit Corporation, from 1972 to 1974, he served in various capacities with Cheerleader Supply Company, a distributor of spirit and cheerleading uniforms and equipment, including as its Vice President and General Manager. Mr. Webb is the founder of the Universal Cheerleading Association (UCA). He is also the founder and current President of the International Cheer Union, the world governing body of the sport of cheerleading Mr. Webb received his B.S. degree in political science from the University of Ovahoma LEONARD TOBOROFF Independent Board Member CHG Leonard Todoroff has been a director of our company since June 2021. Mr. Toboroff is a private investor. He was the Executive Vice President and Vice Chairman of the Board of Allis-Chalmers Energy Inc., a provider of products and services to the oil and gas industry, from 1988 to 2007. He was a director (and finance committee member) and Vice Chairman of Riddell Sports Corp., a sporting goods manufacturer, from 1988 to 2003. From 1998 until its sale in 2006, Mr. Toboroff was a director (and finance committee member) and Vice Chairman of Varsity Brands, Inc. a provider of goods and services to the school spirit industry. From 1988 to 1995 he was a director (and finance committee member) of Saratoga Springs Water Co. From 1989 to 1998, he was Managing Director of the Corinthian Capital Group, LLC, a private equity fund. From 2005 to 2008, Mr. Toboroff was a director (and finance committee member) of ENGEX Corp, a closed-end mutual fund. From 2001 to 2004, he was a director of NOVT Corp, a developer of advanced medical treatments for coronary and vascular disease. From 2005 to 2009, he was a director of Asset Allance Corp. an alternative investment company. From 1967 to 1988, Mr. Toboroff was Head of M&A at Rooney Pace Co Investment Bank From 1980 to 1990, Mr. Toboroff was the Chairman or Vice Chairman of American Bakeries Co, a Fortune 500 company, Chairman and Vice Chairman. Mr. Toboroff also has been a founding shareholder in various companies that completed their public offering including in fields of game technology, crowdfunding, and medical marijuana. Mr. Toboroff was a practicing attorney from 1960 to 1990, engaging in appellate practice in various federal courts and the U.S. Supreme Court and is a member of the US Supreme Court Historical Society. Mr. Toboroff is a graduate of Syracuse University and the University of Michigan Law School, 22#23CHG CORPHOUSING GROUP Thank You

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KKR Real Estate Finance Trust Results Presentation Deck image

KKR Real Estate Finance Trust Results Presentation Deck

Real Estate

KKR Real Estate Finance Trust Results Presentation Deck image

KKR Real Estate Finance Trust Results Presentation Deck

Real Estate

KKR Real Estate Finance Trust Results Presentation Deck image

KKR Real Estate Finance Trust Results Presentation Deck

Real Estate