WeWork SPAC Presentation Deck
All Access
All Access offers a proven value proposition that has already seen strong adoption
from major Enterprise clients
Ending
Occupancy(1)
1.
2.
3.
Distributors
and Affinity
Partnerships
Source: Management Projections.
Note: KPIs include IndiaCo and ChinaCo.
Pre-COVID Total Occupancy: 85%(2)
72%
2019A
AMERICAN
EXPRESS
(3)
47%
75%
70%
90%
Uber
81%
93%
Excludes We Memberships.
Q2 2019.
Includes -1% of occupancy from All Access memberships, representing -7.3k total memberships in 2020.
84%
95%
2020A 2021E 2022E 2023E 2024E
85%
Brex
Physical Occupancy
Total Occupancy
$481mm
All Access
Revenue
Vensure
Employer Services
A
(
All Access
On-Demand pay-as-you-go or monthly
subscription that provides access to global
network of locations
Generates Partnerships
Affinity partnerships generate top of funnel
demand
Drives Occupancy
Allows WeWork to drive occupancy beyond
physical capacity levels across portfolio based
on utilization projections
High Margins
Significant incremental margins given
subscription-based model on top of traditional
leased business
24 | wework
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