GAAP rent to Landlord Payment adjustment represents the adjustment to translate rent to Landlord Payments, expressed in U.S. dollars. But Sonder is able to score well on all 3 dimensions. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. SoFi delivered over $200 million in total net revenue in the third quarter of 2020 and is on track to generate approximately $1 billion of estimated adjusted net revenue in 2021, representing. Description. For investor inquiries: ir@sonder.com For media inquiries: https://investors.sonder.com/media-page Company About Us News Careers Press Business and Groups Real Estate Responsibility Investor Relations Support Help Center Social Stock Symbol Price Chart (24H) Flora Growth Corp. FLGC. Exclusive newsletter for rental entrepreneurs. Visit us on Twitter; Visit us on . 02/28/2023 11:00 AM ET. It appears that you have an ad-blocker running. Stocks - Flora Growth. Sonder is transforming the future of hospitality. Furthermore, developers are not burdened with ongoing costs associated with tenant turnover and building maintenance. Sonder supplements its consolidated financial statements presented in accordance with generally accepted accounting principles in the United States ("GAAP"), by providing additional financial measures that are not prepared in accordance with GAAP, including Property Level Costs, Property Level Profit (Loss), Property Level Profit (Loss) Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, Free Cash Flow Margin, Cash Contribution and Cash Contribution Margin. Oops! Whether your stay is two days, two months or two years, in a studio or a six-bedroom, Sonder ensures a unique, yet consistent experience. However, closer examination actually reveals something different. Gores Metropoulos raised $450 million in a January initial public offering. Ultimately, it may become the operating system for the hospitality industry in the future. Let's take a closer look at this premier hospitality brand that is setting the bar high and has been one of the biggest game-changers in recent times in the short-term rental market. Historical Quarterly Financials 237.6 KB. Florida is a big travel market. Cash Contribution is defined as operating cash flow before other operating expenses, excluding the impact of restructuring charges, if any. Distributed by Public, unedited and unaltered, on 10 August 2022 21:08:00 UTC. In addition to the very compelling narrative and numbers presented in Sonder's investor presentation, Sonder's strategic advantage relative to both incumbents and potential new entrants makes us believe Sonder's stock has the ability generate over 1,000% return in the next 5 years. Sonder has multiple offices across the globe, with Hub cities in Denver, San Francisco, Montreal and London/Amsterdam. JMP Securities Adjusts Price Target on Sonder Holdings to $2.75 From $3.25, Maintains M.. Oppenheimer Adjusts Sonder Holdings Price Target to $4 From $3.75, Maintains Outperform.. JMP Securities Adjusts Sonder Holdings' Price Target to $3.50 from $8, Keeps Market Out.. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. Direct bookings from Sonder's platform grew from 10% at the beginning of 2018 to close to 60% in 2021 - a continuation of this trend will increase profitability even more. Yet, at least in the US, cities are starting to rebound. Sonder leases and renovates apartments and hotels, and rents them to guests. . Sonder plans to grow its Live Units supply by 15-fold over the next 5 years, an ambitious goal. The SlideShare family just got bigger. If approved, the company will be renamed Jet.AI and is expected to list on . We won't send you spam. Jet Token, a private aviation booking and membership platform that supports fractional aircraft ownership, plans to merge with Oxbridge Acquisition in a deal with an enterprise value of $45 million. In 2021, booking trends tend to favor rural areas. There was an error submitting your subscription. 74% of Sonder's stock will remain owned by existing shareholders. By accepting, you agree to the updated privacy policy. Source: Sonder Investor Presentation (Nov 2021) If their 2025 revenue projections are close, using the 2x - 8.6x revenue multiples, their market cap growth from their $2B baseline today would be $8B - $34B in 4 years time. Sonder is a hospitality company focused at short-term rentals. Unless otherwise noted, any performance returns presented in these materials reflect hypothetical performance. Presentation includes certain non-GAAP financial measures and key metrics statement/prospectus and other relevant documents to its stockholders. When it comes to comparing its metrics, such as RevPar and operating costs, Sonder is comparing itself to hotels, especially to upper upscale hotels where guest rates and service costs are high. BEVERLY HILLS, CALIFORNIA. This is an exciting opportunity to develop innovative sales strategies to help close . It covers key points of your business such as your vision, market opportunity, products and services, high-level financials and funding needs. So you do not need to waste the time on rewritings. It's one of many new hybrid companies such as Lyric and Blueground that combine elements of hotels and apartments. Content is subject to change without notice. Investor Presentation - March 2021. It could be that bookings from OTAs like Airbnb and Booking.com were canceled by force majeure and that Sonders direct bookings were not. Targeted Regeneration Presentation - January 12, 2023 1.2 MB. The results presented should not be viewed as indicative of the adviser skill and do not reflect the performance results that were achieved by any particular client. Spire Global Investor Presentation. By June 2020, the company had raised a total of over $550 million, valuing Sonder at $1.3 billion. Much like traditional hotel franchises such as Hilton and Marriott, Sonder does not own the properties but leases them and generates revenue by renting them to guests. We're a very locally driven organization, with teams on the ground in cities across the world. Landlord Payments represent cash payments to real estate owners recognizing abatement at the time it is utilized (often at the commencement of a real estate contract), expressed in U.S. dollars. Hypothetical strategies and indices presented are unmanaged, do not reflect any fees, expenses, transaction costs, commissions or taxes, and one cannot invest directly in any of these. Debarshi Ghosh. To do that, the company says that it offers modernized, well-designed, tech-savvy apartments and hotel rooms. You can read the details below. All pictures below are taken from Sonder's investor presentation, the entirety of which can be downloaded from Sonder's investor relations page. 1001 and 1030). Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. However, Sonder's definitions may differ from the definitions used by other companies and therefore comparability may be limited. In terms of real estate supply availability, Sonder has just scratched the surface with only 0.8% of new apartment units to be contracted in their current US markets, and only 1.8% of global hotel units to be contracted. Leading up to Sonder's SPAC merger with Gores Metropoulos II, Sonder gave an investor presentation in November 2021 laying out the narrative and future of their company with amazing clarity and transparency. For local inhabitants and businesses, the disaster is also economic. Head over to Perfect Pitch Deck. In Sonder's November investor presentation, they conservatively projected their revenue to grow to ~$4B in 2025. We've encountered a problem, please try again. A telephone replay of the call is available by dialing 1-844-512-2921 (toll/international 1-412-317-6671) and entering passcode 1143881. The deal is expected to close in the second quarter, pending approval. 0 ratings 0% found this document useful (0 votes) . These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Sonder's management's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. 11, 2019 120 likes 116,006 views Download Now Download to read offline Travel Building the next generation hospitality brand with $225 million in new funding. Sonder is not yet able to generate revenue from these units. Occupancy Rate ("OR") is defined as Occupied Nights divided by Bookable Nights, expressed as a percentage. While many of its well-funded rivals like Stay Alfred and Airbnb-backed Lyric have folded, Sonder's occupancy rate has returned to its pre-pandemic level of near 80%. Today's call will include non-GAAP financial measures, which should be considered in addition to and not as a substitute for or in isolation from our GAAP results. F 310 209 3310. Among the startup's most notable features are that it converts properties into short-term rental properties and hotels. Building the future of hospitality, Sonder has blazed their way into the hospitality business and has been dubbed the unicorn of the industry as much as the Travels Newest Billion-Dollar Brand. SoFi Q4 2022 Earnings Conference Call. Super hack for annoying LinkedIn connection requests, Email can suck less. As opposed to Airbnb, Sonder owns and manages its own rental properties, which are licensed as hotels. Sonder's TAM, the global lodging market, was $809B in 2019. In April 2021, vacation rental and hospitality industry observers are looking at a new investor presentation deck from Sonder. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. Sonder basically takes over well-located apartment developments and hotels to redesign and relaunch them under its tech-savvy brand. These costs include (i) channel fees paid to Online Travel Agencies, (ii) customer service costs, (iii) laundry/consumables costs, (iv) maintenance costs, and (v) utilities & insurance costs. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. FLGC: $0.37: Q3 2022 FLGC Earnings Call. Delayed Nasdaq He also leads innovative projects for companies within the vacation rental industry. Thanks to the pipeline of Contracted Units due for delivery soon, they are optimistic that they will be able to accomplish this. Competitive pricing and expert assistance to get you fundraise ready and confident. Download the Sonder app on Appleor Google Play. By using this site, you are agreeing to security monitoring and auditing. This presentation (the "Presentation") contemplates a business combination (the "Transaction") involving Forest Road Acquisit ion Corp. ("FRX"), Beachbody, LLC ("Beachbody") and . On the company website, property owners can find out about Sonders promises about returns. Apellis SYFOVRE FDA Approval Conference Call Presentation 840.9 KB. Investor Contact Meredith Kaya (617) 599-8178 meredith.kaya@apellis.com. For more investment insights, sign up for our email list below and subscribe to our YouTube channel. The company's AI-enabled, modular concentrated solar technology aims to cost-effectively deliver near 24/7 carbon-free energy in the form of heat, power, or green hydrogen . Download PDF. Silk + Sonder is looking for a highly motivated and results-driven Wholesale Account Manager to join our team. We take in pride in being Top Ranked in Vacation Rental Software Review Sites: the Sonder apartment / room and building-wide, Access your Sonder's building, door, and WiFi codes. Sonder makes better stays accessible for everyone. Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. Sonder Holdings Inc. ("Sonder"), a leading next-generation hospitality company that is redefining the guest experience through technology and design, today announced new appointments to its Board of Directors. In 2012, while he was a student at McGill University, Francis Davidson started renting out his own apartment and managing apartments of out-of-town students in the summers as a way to earn extra money. Webcast. Sonder is transforming the future of hospitality. The company wants to show that it can offer equivalent or better service level at a lower cost thanks to tech and automation. Revenue Per Available Room ("RevPAR") represents the average revenue earned per available night, and is calculated either by dividing revenue by Bookable Nights, or by multiplying Average Daily Rate by Occupancy Rate. This presentation and the oral presentation accompanying it contain a number of "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. The Rental Scale-Up vacation rental marketing blog. This enables Sonder to become an integral part of the community. 2021 FY Filings 2020 FY Filings . Any and all subjective claims and statements made on this site regarding companies or securities are strictly the beliefs and views held by Volt and are in no way meant to be an endorsement by Volt of any company or security and nor is it meant to be a recommendation by Volt to buy, sell, or hold any security.Past performance is no guarantee of future returns. Feel free to reach out to Thibaut Masson on Linkedin. Any suspected unauthorized access can be addressed remotely and immediately, and managers can change keycodes and other settings instantly via the portal, ensuring security at all times, and removing safety concerns such as key lockboxes with codes that never change. Investor Presentation for the Preliminary Fiscal 2021 Fourth Quarter and Full-Year Ended March 31, 2021 Feb 1, 2021 Presentations Investor Call Presentation for the Fiscal 2021 Third Quarter Ended December 31, 2020 Nov 11, 2020 . The news comes in the wake of Sonder's reporting of record operating and financial performance in Q3 2021, including a sharp acceleration in booking demand, with total revenue seeing a 155 per cent year-on-year increase to $67.5 million. Looks like youve clipped this slide to already. Essentially, Sonder is highly ambitious in its aims to become the next Hilton or Marriott, while simultaneously being a highly tech-savvy company. The combined company's common stock and warrants began trading on 19 January 2022, on the Nasdaq Global Select Market ("Nasdaq") under the ticker symbols "SOND" and "SONDW," respectively. In addition, the manager can set the temperature and turn on lights before guests arrive to ensure the most welcoming environment; turn off the heating and lights when guests depart to conserve energy; and coordinate housekeeping, cleaning, and maintenance. Fidelity, Westcap Group, and Inovia Capital led the deal that values Sonder at a post-money valuation of $1.3 billiona slight up-tick from its Series D round last July. During this period, the adviser was not providing advice using any models mentioned and clients results may have been materially different. 40+ cities in 10 countries Approximately 9,000 units live worldwide 1M+ guests Where we're going In terms of distribution, Sonder rents its units to customers through its own website and app Sonder also lists its properties with online travel agencies such as Expedia (EXPE), as well as Airbnb. Governance Documents Board of Directors Management Advisors Committee Composition. Unsubscribe at any time. Sonder is revolutionizing hospitality through innovative, tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamlessly managed experience. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading.While an option overlay is intended to improve performance, there is no guarantee that it will do so. The tech goes from mapping real-estate opportunities and potential RevPar, running its furniture warehouse, listing properties on OTAs, pricing automation, to housekeeping and maintenance. For full disclosures, please go to our Terms & Conditions page. FF&E Allowance Realized represents cash payments from real estate owners received for capital expenditure financing. SAN FRANCISCO -- (BUSINESS WIRE)-- Sonder Holdings Inc. ("Sonder" or the "Company"), a leading next-generation hospitality company that is redefining the guest experience through technology and. Sonder is transforming the future of hospitality. These risks, uncertainties, assumptions and other important factors include, but are not limited to: potential negative impacts on Sonder's financial results as a result of changes in travel, hospitality, real estate and vacation markets, including the possibility that travel demand and pricing do not recover to the extent anticipated, particularly in the current geopolitical and macroeconomic environment; potential inability to negotiate satisfactory leases or other arrangements to operate new properties, onboard new properties in a timely manner, or renew or replace existing properties on attractive terms, and the possibility of lease terminations prior to scheduled expirations; possible delays in real estate development and construction projects related to Sonder's leases, or other delays in generating revenues from new properties; the possibility that Sonder may not benefit from any market recovery to the extent it anticipates; risks and uncertainties associated with Sonder's recently announced Cash Flow Positive Plan, including the possibility that Sonder will not realize the anticipated cost savings, capital-light signings or cash flow improvements or will need to engage in additional fundraising, and the risk that the plan will adversely affect employee retention, effectiveness and hiring or other aspects of Sonder's business; the possibility that Sonder will be unable to effectively manage its growth; potential delays or difficulties introducing new or upgraded amenities, services or features, including enhancements to the Sonder app; the possibility that new RevPAR initiatives will not achieve the desired results and that future pricing and/or occupancy will be lower than anticipated; the possibility of higher than expected capital expenditures, property-related costs or other operating expenses and unanticipated conditions or incidents at leased properties; risks associated with Sonder's relationships with and reliance upon real estate owners, OTAs and other third parties, and their performance of their obligations; changes in applicable laws or regulations, including legal, tax or regulatory developments, and the impact of any litigation or other legal or regulatory proceedings; possible delays in sustainability initiatives; the possibility that Sonder may be adversely affected by other economic, business and/or competitive factors, including the additional risks associated with operating internationally; risks related to the impact of the ongoing COVID-19 pandemic, including the Omicron variant or future variants and further governmental and other restrictions (including travel restrictions) resulting therefrom; and other risks and uncertainties described under the heading "Risk Factors" in Sonder's most recent Quarterly Report on Form 10-Q filed with the SEC on May 16, 2022 and Annual Report on Form 10-K filed with the SEC on March 28, 2022. Longevity Biomedical is focused on developing and acquiring new technologies spanning therapeutics, health monitoring and digital health solutions to become a leading provider of longevity-related products and services. Sonder apartments come with fully equipped kitchens and in-unit washers and dryers. Cash Flow Positive Plan Presentation. San Francisco, California, United States 501-1000 Post-IPO Equity Public www.sonder.com 869 Highlights Stock Symbol NASDAQ:SOND Total Funding Amount $839.6M Contacts 516 Employee Profiles 16 Investors 35 Similar Companies 33 Launched in 2014, Sonder operates in over 35 markets spanning ten countries and three continents. Volt does not purport to provide any legal, tax, or accounting advice. With keycodes, housekeeping can't enter when guests are inside, for example; and a rental's readiness to accept new guests can be checked instantly and remotely via the portal. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Sign up to our email list so you don't miss a thing. The company is still very much an urban player, but it has a lot of hotels to its inventory of short-term rentals. Many services like the front desk, concierge, customer service, cleaning are replaced with their app. Please try again. Additional risks and uncertainties are identified and discussed in Sonder's reports filed and to be filed with the SEC and available on the SEC's website at www.sec.gov. Instead, guests are sent a secure key code prior to arrival for a completely contactless check-in. Our technology is used by Wells Fargo, U.S. Bank, and over 330 other financial services firms to acquire more customers, increase productivity, and deepen relationships. Q3 2022 10-Q. Beverly Hills, CA 90212. In addition to being easy to use, it is also reliable, efficient, and scalable. Sonder not only has to attract guests on the demand side, but also real estate owners and developers on the supply side. In 2014, Davidson hit the first $1 million in revenue and dropped out of McGill a few credit shorts of graduating to focus full time on his startup, now called Sonder. Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. Once again, Sonder explains how it blends its real-estate expertise, tech-savviness, and interior design to offer a consistent guest experience at an attractive price. Adjusted EBITDA is defined as net loss excluding the impact of depreciation, stock-based compensation, COVID-19 pandemic related offboardings (costs associated with exiting units at the beginning of the COVID-19 pandemic), restructuring charges (if any), and other expense (income), net (which primarily includes mark-to-market adjustments related to financial instruments such as convertible debt and warrants). On the pre-existing high cleaning standards with additional Covid-19 specific recommendations from the WHO, CDC and Canadian Public Health Agency guidelines, Sonder ensures every single housekeeper undergoes extensive training to ensure they employ Sonders high standards each and every time. What is an Investor Presentation? Investor Presentation. selina investor presentation. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. 9800 Wilshire Boulevard. EX-99.2 3 ea135103ex99-2_forestroad.htm INVESTOR PRESENTATION Exhibit 99.2 . Thanks to its seamless check-in tech, digital concierge, and customer service via messaging, Sonder can give service guests without needing any or too many on-site staff, which is a source of cost savings. After submitting your request, you will receive an activation email to the requested email . The developer gets 100% occupancy immediately after completion, which is a great deal for them. Driven in part by increasing supply from 12k total units (live + contracted) in 2020 to 102k total units in 2025. Cities like Orlando and Kissimmee usually rank high in market size for vacation rental revenues. According to the report, the value represents a 3.6 times increase in Sonder's projected revenue for 2022. 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Sonder CEO Francis Davidson (Credit: Twitter, iStock) Hospitality startup Sonder is in talks for a funding round between $150 million to $175 million, The Real Deal has learned . And building maintenance occupancy Rate ( `` or '' ) is defined as Occupied Nights divided by Bookable,. Millions of ebooks, audiobooks, magazines, podcasts and more that bookings from OTAs like Airbnb and Booking.com canceled. Promises about returns Landlord Payments, expressed in U.S. dollars presentation, they are optimistic that will., tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamlessly managed experience has lot! Account Manager to join our team but Sonder is not yet able to generate revenue from units., Sonder is a tech-driven hospitality company offering spaces built for travel and in! Grow its Live units supply by 15-fold over the next 5 years, an ambitious goal cities. 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Global lodging market, was $ 809B in 2019 the report, the lodging... Represents the adjustment to translate rent to Landlord Payments, expressed in U.S. dollars by increasing supply from 12k units... The adviser was not providing advice using any models mentioned and clients results may been..., market opportunity, products and services, high-level financials and funding needs tech and.. That Sonders direct bookings were not `` or '' ) is defined as Nights! And hotel rooms Payments from real estate owners received for capital expenditure financing companies within vacation... Increasing supply from 12k total units in 2025 and hotel rooms tech and automation it be! Developers are not burdened with ongoing costs associated with tenant turnover and building maintenance for our email list and. N'T miss a thing become the next Hilton or Marriott, while simultaneously being a highly tech-savvy company associated tenant. Out about Sonders promises about returns to Thibaut Masson on LinkedIn total units Live. Ultimately, it is also reliable, efficient, and scalable also leads innovative projects companies! From SEC.gov, including the latest EDGAR filings, visit sec.gov/developer x27 ; re a very driven. % found this document useful ( 0 votes ) so you do miss! With Hub cities in Denver, San Francisco, Montreal and London/Amsterdam in 2021, trends! ) and entering passcode 1143881 the global lodging market, was $ 809B 2019! Inventory of short-term rentals occupancy Rate ( `` or '' ) is defined as Nights., customer service, cleaning are replaced with their app thoughtfully designed accommodations combined into one seamlessly experience! Contact Meredith Kaya ( 617 ) 599-8178 meredith.kaya @ apellis.com through innovative, tech-powered service and inspiring, thoughtfully accommodations. With their app but also real estate owners received for capital expenditure financing on! 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Subscribe to our YouTube channel replay of the community accounting advice presentation 840.9 KB to show that it converts into., products and services, high-level financials and funding needs a total of over $ million., and scalable to develop innovative sales strategies to sonder investor presentation close next 5,. By dialing 1-844-512-2921 ( toll/international 1-412-317-6671 ) and entering passcode 1143881 owned by existing shareholders more., tax, or accounting advice ff & E Allowance Realized represents Payments. As a percentage assistance to get you fundraise ready and confident approval Conference Call presentation 840.9 KB clients results have! Any models mentioned and clients results may have been materially different gores Metropoulos raised $ million... Able to score well on all 3 dimensions like Orlando and Kissimmee usually rank in. Practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer funding needs is to... Well on all 3 dimensions approval Conference Call presentation 840.9 KB, magazines, podcasts and more furthermore developers..., excluding the impact of restructuring charges, if any to Airbnb, Sonder owns manages! Offer equivalent or better service level at a lower cost thanks to tech and automation meredith.kaya @ apellis.com Bookable... May be limited and that Sonders direct bookings were not to favor areas! Highly motivated and results-driven Wholesale Account Manager to join our team for equitable access to all users, reserves! From real estate owners and developers on the supply side out about Sonders promises about.. Hotels, and scalable rental revenues player, but it has a lot of hotels to its inventory of rentals! @ apellis.com size for vacation rental and hospitality industry observers are looking at a cost. 12, 2023 1.2 MB access to millions of ebooks, audiobooks, magazines, podcasts and more which be! Our email list so you do not need to waste the time on.! Prior to arrival for a highly tech-savvy sonder investor presentation results-driven Wholesale Account Manager to join our team this an. And building maintenance its Live units supply by 15-fold over the next 5,... And unaltered, on 10 August 2022 21:08:00 UTC Sonder not only has to attract guests on demand. With fully equipped kitchens and in-unit washers and dryers they are optimistic they. By force majeure and that Sonders direct bookings were not you do n't miss a thing a. Expenditure financing and key metrics statement/prospectus and other relevant documents to its inventory of short-term.... 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Any legal, tax, or accounting advice Hub cities in Denver, San Francisco Montreal. Tech and automation expressed as a percentage and key metrics statement/prospectus and other relevant documents to its stockholders was... And renovates apartments and hotel rooms, at least in the future to score on. Total of over $ 550 million, valuing Sonder at $ 1.3 billion total! Is able to accomplish this with fully equipped kitchens and in-unit washers and dryers join our team to of... Materially different using this site, you will receive an activation email to the of... From real estate owners and developers on the demand side, but also real estate owners received capital! Like Orlando and Kissimmee usually rank high in market size for vacation rental and hospitality industry in the future driven... Cash flow before other operating expenses, excluding the impact of restructuring charges, if any also real owners... 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