Selina SPAC slide image

Selina SPAC

Investment Highlights ‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒ 2 Scaled Platform Selina ‒‒‒‒‒‒‒‒‒‒‒‒‒‒ ‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒ ----------‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒ Clear Path to Near-Term Profitability Differentiated Product Offering Secured Pipeline with Asset-Light Model Long-Term Growth Opportunity 1. Includes Open and Secured beds and countries as of November 2021. 2. Excludes Remote Year revenue. 3. As of June 2021 for all locations, calculated based on lifetime NPS starting from November 2018. 4. Based on average engagement in Q1 2021, which is calculated as average likes plus average comments per post divided by total followers. Peers include: Soho House, The Standard, CitizenM, Moxy Hotels, Marriott, AirBnb, and MamaShelter. 5. Based on Q1 2021. Measures revenue from non-guests. 134/~35,000 Locations¹ / Beds¹ Adj. Corporate EBITDA Positive by Q1 2023 47/3.1x NPS Score³/Social Media Engagement Relative to Traditional Hospitality Operators4 ~$350mm6 Commitments from Capital Partners to Triple Bed Count by 2025E $1.2bn / 27% 2025E Revenue / 2025E Unit-Level EBITDA Margin 23 Countries¹ ‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒ +95% of 2022E Revenue from Open and Secured Beds² 61% of F&B Revenue from Local Communities5 ~90% of Hotel Conversion Funded by Capital Partners? +80% of 2025E Revenue from Open, Secured, and Capital Partners Beds9 6. As of end of Q3 2021. Assumes price per bed of $8,750 which implies 40,000 new beds from the $350 million commitments from Capital Partners. 7. In each of Selina's Capital Partner contracts, Selina is only responsible for funding, at most, pre-opening costs, which are generally 10% of development costs. 8. Total revenue includes Remote Year. Unit-Level EBITDA margin excludes Remote Year and Other revenue. 9. Based on $940mm revenue from Open and Secured beds and beds financed by Capital Partners over total revenue excluding Remote Year of $1,115mm. INTRODUCTION 9
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