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  "documentTitle": "WeWork | Restructuring Presentation Deck | 12 slides",
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  "presentationDate": "2023-11-01 00:00:00",
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      "text": "Start from FY2023 forecast; Determine what locations to keep or exit; Estimate amount of member retention from the exits; Go-forward portfolio; Apply assumptions on membership growth and churn and ARPMs; Adjust cost structure based upon reduced footprint",
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      "text": "Building level estimated retention rates are used for certain exits\nAll other exits assume a 25% member retention rate subject to occupancy caps by key market (long-term cap estimated at 85%)",
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      "text": "Exit all “Never Keeps”\nRenegotiate leases and achieve rent savings at other locations\nExit any locations that fall below margin thresholds that vary by market",
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      "text": "Based upon the Company's building level forecast",
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      "text": "Assumes no new locations\nMembership growth to offset churn and rise to target occupancy levels\nARPMs grow at approximately 2.5% per annum to offset cost increases",
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      "text": "The assumptions above have the most material impact with regards to what the business will look like going forward",
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      "text": "Right-size SG&A over time to reflect the reduced footprint",
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      "text": "Continue to adjust based upon feedback from lease negotiations",
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      "text": "The assumed savings from portfolio optimization efforts are based upon a location level build. The Plan is then rolled up into selected key markets for strategic planning purposes.",
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