WeWork SPAC Presentation Deck slide image

WeWork SPAC Presentation Deck

Financial projection assumptions Workstations, Memberships, and ARPM ($ in millions, except ARPM data; workstations and members in 000's) Core Leased (1) Core Leased Ending Workstations Core Leased Ending Physical Memberships Core Leased Physical Occupancy % Core Leased Revenue % YoY Growth Core Leased ARPM All Access All Access Ending Workstations All Access Ending Memberships All Access Contribution to Total Occupancy % 1. 2. 3. All Access Revenue ($mm) % YoY Growth All Access ARPM Marketplace Marketplace Ending Workstations Ending Physical Memberships Marketplace Occupancy % Marketplace Revenue % YoY Growth Platform (incl. IndiaCo & ChinaCo) Platform Ending Workstations Platform Physical Memberships Platform Physical Occupancy % Platform Partner Revenue % YoY Growth Platform Partner ARPM Plaform Management Fee Paid to WeWork by Partner % YoY Growth 2020A 865 387 45% $2,886 4% $510 FY20 Marketplace Revenue is inclusive of technology services that were previously recorded in Core Leasing. 2020 Platform Partner Revenue and ARPM reflect preliminary estimates. ΝΑ ΝΑ ΝΑ ΝΑ $37(2) 15% 166 89 54% $363 (3) 19% $320 (3) $5 (14%) 2021E 809 557 69% $2,919 1% $542 ΝΑ 45 5% $90 $250 ΝΑ ΝΑ ΝΑ $86 131% 145 115 79% $390 7% $317 $5 (2%) 2022E 866 704 81% $4,181 43% $554 ΝΑ 88 8% $215 139% $256 ΝΑ ΝΑ ΝΑ $153 79% 190 155 81% $511 31% $327 $12 160% 2023E 933 789 84% $5,173 24% $576 ΝΑ 117 9% $345 60% $270 ΝΑ ΝΑ ΝΑ $228 49% 313 256 82% $966 89% $411 $55 Source: Management projections. Note: As presented in this Supplemental information, certain amounts, percentages and other figures have been subject to rounding adjustments. Accordingly, figures shown as totals, dollars or percentage amounts of changes may not represent the arithmetic summation or calculation of the figures that precede them. The current analysis excludes Ventures. ARPM (Average Revenue per Member) is calculated as revenue for the year divided by average members divided by 12 months. Workstation and membership numbers may not tie to the summarized numbers in the Management Presentation due to rounding. ChinaCo is excluded from Core Leased revenue (ChinaCo was consolidated until October 2nd, 2020). 354% 2024E 1,033 878 85% $5,992 16% $598 ΝΑ 160 10% $481 40% $287 ΝΑ ΝΑ ΝΑ $313 37% 518 436 84% $2,062 113% $504 $159 190% 41 wework Ⓒ2021 WeWork. Confidential.
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