Corphousing Group IPO Presentation Deck
UNIT 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.View entire presentation