WeWork SPAC Presentation Deck
Membership composition highlights the quality improvement of the business
Focused on developing long-term, high-value Enterprise customers, laying the foundation for predictable and prudent growth
Membership
Physical Memberships(1)
Enterprise Mix(2) (% of Physical Memberships)
3.
Commitment Length(3)
Month-to-Month
12 Month+
Total Weighted Full Commitment Length
2015A
35k+
10%+
100%
0%
-1 month
2020A
450k+
50%+
-10%
50%+
15+ months
1.
Note: All membership and occupancy metrics include IndiaCo and ChinaCo. Reflects ending figures as of 12/31 of each respective year.
Physical Membership defined as the number of people able to access WeWork's locations. Does not include All Access memberships.
2. Enterprise Memberships are defined as organizations who have +500 full time employees globally. Enterprise membership percentage represents total enterprise memberships excluding We Memberships divided by total
physical memberships, which excludes We Memberships.
Commitment length represents base contract terms, excluding the impact of any extension and / or termination options. The commitment lengths disclosed may include periods for which members have an option to
terminate their commitments with a less than 10% penalty.
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wework
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