WeWork Restructuring Presentation Deck
Disclaimer (Cont'd)
This document does not purport to be all-inclusive, is "as is" and is based, in part, on information obtained from other sources. The Company has assumed and relied upon the
accuracy and completeness of such information for purposes of this document and have not independently verified any such information. Neither the Company nor any of their
respective affiliates or agents, make any representation or warranty, express or implied, in relation to the accuracy or completeness of the information contained in this
document or any oral information provided in connection herewith, or any data it generates and expressly disclaim to the fullest extent permitted by law any and all liability
(whether direct or indirect, in contract, tort or otherwise) in relation to any of such information or any errors or omissions therein. Any views or terms contained herein are
preliminary, and are based on financial, economic, market and other conditions prevailing as of the date of this document and are subject to change. The Company undertakes
no obligations or responsibility to update any of the information contained in this document. Past performance does not guarantee or predict future performance. By accessing
this document, you acknowledge your understanding that the actual results could very materially and substantially from the Projections and other forward-looking statements
contained herein.
All information herein speaks only as of (1) the date hereof, in the case of information about the Company and (2) the date of such information, in the case of information from
persons other than the Company.
This document does not constitute an offer to sell or the solicitation of an offer to buy any security, nor does it constitute an offer or commitment to lend, syndicate or arrange
a financing, underwrite or purchase or act as an agent or advisor or in any other capacity with respect to any transaction, or commit capital, or to participate in any trading
strategies, and does not constitute legal, regulatory, accounting or tax advice to the recipient. This document does not constitute and should not be considered as any form of
legal or tax advice, financial opinion or recommendation by WeWork or any of its respective affiliates. This document is not, and under no circumstances is to be construed as, a
prospectus, a public offering, or an offering memorandum as defined under any applicable securities laws. This document is not a research report nor should it be construed as
such.
Use of Non-GAAP Financial Information
This presentation includes certain financial measures not presented in accordance with generally accepted accounting principles in the United States ("GAAP"), including
Adjusted EBITDA, Building Margin, Adjusted Membership & Services Revenue, and Free Cash Flow. These financial measures are not measures of financial performance in
accordance with GAAP and may exclude items that are significant in understanding and assessing our financial results. Therefore, these measures should not be considered in
isolation or as an alternative to net loss or other measures of profitability, liquidity or performance under GAAP. You should be aware that our presentation of these measures
may not be comparable to similarly titled measures used by other companies, which may be defined and calculated differently. WeWork believes that these non-GAAP
measures of financial results provide useful supplemental information and management uses forward-looking non-GAAP measures to evaluate WeWork's projected financials
and operating performance. Reconciliations of historical non-GAAP measures to their most directly comparable historical GAAP counterparts are included in the Appendix to
this presentation.
WeWork does not provide a forward-looking reconciliation of certain forward-looking non-GAAP measures as the amount and significance of special items required to develop
meaningful comparable GAAP financial measures cannot be estimated at this time without unreasonable efforts. These special items could be meaningful.
In addition, the financial information included in this presentation is not intended to comply with the requirements of Regulation S-X under the Securities Act of 1933, as
amended, and the rules and regulations of the SEC promulgated thereunder, in particular with respect to the presentation of any pro forma financial information.
This presentation contains trademarks, service marks, trade names and copyrights of WeWork and other companies, which are the property of their respective owners.
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