Sonder Results Presentation Deck slide image

Sonder Results Presentation Deck

Third Quarter 2021 Summary Results Raising our full year 2021 Outlook Continued RevPAR growth and portfolio expansion driving revenue outperformance and improving Adjusted EBITDA $200M to $205M Better than $(240)M 2021 Revenue Outlook 17% (midpoint) increase vs. initial outlook 9.5% (midpoint) increase vs. midpoint of revised outlook range 2021 Adjusted EBITDA Outlook 17% increase vs. initial outlook The Quincy, Washington D.C. Opened in October 2021 Note: All references to Adjusted EBITDA in this document are based on our revised methodology as of September 2021. Adjusted EBITDA methodology prior to September 2021 utilized Non-GAAP rent (which accounted for the benefit of rent abatement in the period in which it was received) and Non-GAAP Other Operating Expenses included the benefit of Capex Allowance in the period in which was received. Adjusted EBITDA now utilizes GAAP rent, which amortizes the benefit of both rent abatement and benefit of Capex Allowance over the term of the lease. Adjusted EBITDA is now defined as net loss excluding the impact of depreciation, stock-based compensation, and COVID-19 pandemic related offboardings/other (costs associated with dropping units at the beginning of the COVID-19 pandemic). 6
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