Sonder Investor Presentation Deck slide image

Sonder Investor Presentation Deck

Non-GAAP Reconciliations Reconciliation of Cash used in operating activities to Cash Contribution (TTM) (in thousands) Non-property level sales and marketing: Sales and marketing (-) Property level sales and marketing¹ Non-property level sales and marketing Non-property level operations and support: Operations and support (-) Property level operations and support ² Non-property level operations and support Non-property level operating expenses: General and administrative (+) Research and development (+) Non-property level sales and marketing (+) Non-property level operations and support (-) Stock based compensation (-) Depreciation and amortization Non-property level operating expenses Cash contribution: Cash used in operating activities (+) Cash paid for restructuring costs (+) Non-property level operating expenses Cash contribution ³ Revenue Cash contribution margin $ $ $ $ $ $ $ $ Q1 2022 30,440 $ (21,138) 9,302 S 165,572 (70,062) 95,510 110,967 23,397 9,302 95,510 (17,774) (19,225) 202,177 202,177 S 12,401 $ (189,776) S 281,852 S 4% S $ S Q2 2022 37,966 (27,621) 10,345 $ 184,686 117,629 (81,568) 103,118 $ 27,419 10,345 103,118 (20,380) (21,008) 217,123 $ 2,363 217,123 $ (174,753) $ 13 % $ $ 44,733 $ 355.905 $ Q3 2022 44,614 (33,549) 11,065 203,680 (93,740) 109,940 128,951 28,912 11,065 109,940 (23,212) (22,826) 232,830 3,477 232,830 68,767 412,977 $ 17% $ $ $ (167,540) $ $ $ $ $ Q4 2022 51,224 (38,752) 12,472 211,081 (101,157) 109,924 132,445 28,896 12,472 109,924 (22,957) (23,911) 3,712 236,869 91,566 $ 236,869 $ 461,083 $ (149,015) $ 20 % $ $ $ $ $ Note: See prior page for quarterly figures. TTM calculated as the sum of the prior four quarters (e.g. TTM Q1 2023 = Q2 2022+Q3 2022 + Q4 2022 + Q1 2023). (1) Composed of channel fees. (2) Composed of customer service, laundry/consumables, maintenance and utilities and insurance included in operations and support. (3) Excludes restructuring costs. Note: Cash provided by (used in) operating activities includes the benefit of FF&E Allowance Realized, and therefore, Cash Contribution and Cash Contribution Margin include the benefit of FF&E Allowance Realized. Q1 2023 57,599 (43,610) 13,989 S 218,971 $ (110,539) 108,432 128,209 27,851 13,989 108,432 (28,457) (25,329) 224,695 S 224,695 96,190 501,355 19 % S (133,814) S 5,309 $ S S S Q2 2023 63,416 (47,444) 15,972 217,176 (115,094) 102,082 127,101 25,326 15,972 102,082 (31,661) (25,311) 213,509 (118,272) 3,499 213,509 98,736 537,436 18% 24
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