{
  "docId": "019de515-dc04-77fd-a20c-a6a578cabe29",
  "docSlug": "0ce73e902175c5d9cb1b8774a0735985",
  "documentTitle": "WeWork | Investor Presentation Deck | 27 slides",
  "authorId": "wework",
  "authorName": "WeWork",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-05-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 23,
  "pageCount": 27,
  "prevPage": 22,
  "nextPage": 24,
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  "density": "dense",
  "nDataPoints": 160,
  "notes": null,
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  "slideHref": "/slides/019de515-dc04-77fd-a20c-a6a578cabe29/23",
  "deckHref": "/decks/019de515-dc04-77fd-a20c-a6a578cabe29",
  "deckJsonHref": "/decks/019de515-dc04-77fd-a20c-a6a578cabe29.json",
  "deckAnchorHref": "/decks/019de515-dc04-77fd-a20c-a6a578cabe29#slide-23",
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      "text": "wework",
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      "kind": "source-note",
      "text": "See \"Terms and definitions\" page for definitions of Adjusted EBITDA and Building Margin. See \"GAAP to non-GAAP reconciliations\" page for a reconciliation of Adjusted EBITDA and Building Margin to their most\ncomparable GAAP metric.\n1. SG&A exclusive of stock-based compensation and other expenses excluded from Adjusted EBITDA",
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      "kind": "source-note",
      "text": "23",
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      "kind": "table",
      "text": "Adj. EBITDA\nMembership & Services Revenue\nOther Revenue\nTotal Revenue\nLocation Operating Expenses\nPre-Opening Expenses\nSG&A (1)\nAdj. EBITDA\nNoncontrolling interest\nPick-up from equity method investments\nAdj. EBITDA Attributable to WeWork Inc.\nBuilding Margin & Physical Membership ARPM\nMembership & Services Revenue\nLess: Unconsolidated Management Fee Revenue\nAdj. Membership & Services Revenue (A)\nLess: All Access & On Demand Revenue\nPhysical Membership Revenue (B)\nLocation Operating Expenses\nLess: Indirect Location Operating Expenses\nAdj. Location Operating Expenses (C)\nBuilding Margin (A - C)\n% Building Margin\nAverage Physical Memberships (D)\nPhysical Membership Monthly ARPM (B / D) ($, ones)",
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      },
      "kind": "title",
      "text": "Quarterly financial results (US$, millions)",
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      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
      "beatSlug": "sequoia-pitch-financials",
      "evidence": "The deck presents WeWork's financial performance, including debt and equity capitalization tables, and quarterly financial results.",
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      "parentBeatName": "Evidence",
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      "name": "Quick Win Big Bet",
      "slug": "47-quick-win-big-bet",
      "bestFor": "Transformation planning, 100-day plans, resource allocation",
      "matchId": "5f0bc2f7-52b7-49f3-85ca-29a61ead6f63",
      "evidence": "The deck presents WeWork's quarterly financial results and GAAP to non-GAAP reconciliation, highlighting its growth prospects.",
      "position": 2,
      "objective": "To present WeWork's financial performance and growth prospects",
      "structure": "The Full List -> Quick Wins (Low effort, High impact) -> Big Bets (High effort, High impact) -> Sequenced Roadmap",
      "confidence": 0.6,
      "description": "Separate initiatives into immediate wins and longer-term strategic bets"
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  ],
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  "locked": true
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