#1BEAUTYHEALTH™ Q3 2022 Earnings Presentation November 2022#2Disclaimer This Presentation contains certain forward-looking statements. These statements may relate to, but are not limited to, expectations of future operating results or financial performance of The Beauty Health Company (the "Company"), the calculation of certain key financial and operating metrics, capital expenditures, the introduction of new products, expansion into new markets and the ability to execute certain strategic initiatives. Some of the forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "expect," "suggests," "plan," "believe," "intend," "estimates," "targets," "projects," "should," "could," "would," "may," "will," "outlook," "forecast" and other similar expressions. These are intended to identify forward-looking statements. All forward- looking statements are based upon management estimates and forecasts and reflect the views, assumptions, expectations, and opinions of the Company as of the date of this Presentation, and may include, without limitation, changes in general economic conditions as a result of COVID-19, all of which are subject to change. Any such estimates, assumptions, expectations, forecasts, views or opinions set forth in this Presentation constitute the Company's judgments and should be regarded as indicative, preliminary and for illustrative purposes only. The forward-looking statements and projections contained in this Presentation are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause the Company's actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial condition. Although such forward-looking statements have been made in good faith and are based on assumptions we believe to be reasonable, there is no assurance that the expected results will be achieved. Many factors could adversely affect our business and financial performance. We discussed a number of material risks in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 1, 2022 and other filings with the Securities and Exchange Commission. Those risks continue to be relevant to our performance and financial condition. Moreover, we operate in a very competitive and rapidly changing environment. New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can it assess the impact of all such risk factors on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward- looking statements. We expressly disclaim any responsibility to update forward-looking statements, whether as a result of new information, future events or otherwise. Non-GAAP Financial Measures In addition to results determined in accordance with accounting principles generally accepted in the United States of America (GAAP), management utilizes certain non-GAAP financial measures such as adjusted gross margin, adjusted EBITDA, and adjusted EBITDA margin for purposes of evaluating ongoing operations and for internal planning and forecasting purposes. We believe these non-GAAP financial measures, when reviewed collectively with our GAAP financial information, provide useful supplemental information to investors in assessing our operating performance. These non-GAAP financial measures should not be considered as an alternative to GAAP financial information or as an indication of operating performance or any other measure of performance derived in accordance with GAAP, and may not provide information that is directly comparable to that provided by other companies in its industry, as these other companies may calculate non-GAAP financial measures differently, particularly related to non-recurring, unusual items. Management uses adjusted gross margin to measure profitability and the ability to scale and leverage the costs of Delivery Systems and Consumables. The continued growth of Delivery Systems is expected to improve adjusted gross margin, as additional Delivery Systems sold will increase our recurring Consumables net sales, which has higher margins. Management believes adjusted gross profit and adjusted gross margin are useful measures to the Company and its investors to assist in evaluating operating performance because they provide consistency and direct comparability with past financial performance and between fiscal periods, as the metrics eliminate the effects of amortization and depreciation, which are non-cash expenses that may fluctuate for reasons unrelated to overall continuing operating performance. Adjusted gross margin has been and will continue to be impacted by a variety of factors, including the product mix, geographic mix, direct vs. indirect mix, the average selling price on Delivery Systems, and new product launches. Management expects adjusted gross margin to fluctuate over time depending on the factors described above. Management uses adjusted EBITDA and adjusted EBITDA margin to facilitate internal comparisons of historical operating performance on a more consistent basis and uses these measures for business planning purposes. Management also believes this information will be useful for investors to facilitate comparisons of operating performance and better identify trends in the business. Management expects adjusted EBITDA margin to increase over the long-term, as the Company continues to scale and achieve greater operating leverage. The Company calculates adjusted EBITDA as net income (loss) adjusted to exclude: change in fair value of public and private placement warrants, change in fair value of earn-out shares liability, other expense, net; interest expense; income tax benefit (expense); depreciation and amortization expense; stock-based compensation expense; foreign currency (gain) loss; management fees incurred from historical private equity owners; one-time or non-recurring items such as transaction costs (including transactions costs with respect to the Business Combination); and restructuring costs (including those associated with COVID-19). The Company does not provide a reconciliation of its expected fiscal 2022 adjusted EBITDA to net income (loss), the most directly comparable forward looking GAAP financial measure, due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation, which cannot be done without unreasonable efforts, including adjustments that could be made for changes in fair value of warrant liabilities, integration and acquisition-related expenses, amortization expenses, non-cash stock-based compensation, gains/losses on foreign currency, and other charges reflected in our reconciliation of historic numbers, the amount of which, based on historical experience, could be significant. The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. The Company's expected fiscal 2022 adjusted EBITDA is merely an outlook and is not a guarantee of future performance. Stockholders should not rely or place an undue reliance on such forward-looking statements. 2 BEAUTYHEALTH™#3Today's agenda 3 Opening remarks Andrew Stanleick President & Chief Executive Officer Q3 2022 results & outlook Liyuan Woo Chief Financial Officer Q&A BEAUTYHEALTH™#44 Opening remarks Andrew Stanleick President & Chief Executive Officer BEAUTYHEALTH™#5Top line Q3 results exceed expectations despite macroeconomic environment 5 Strong top line 品 $88.8mm net sales +30% growth YoY $16.5mm adjusted EBITDA¹ ($0.1mm GAAP net income) Mid double-digit net sales growth in every region YoY growth: Americas: APAC: EMEA: +30% +44% +21% Updating 2022 guidance A $360 - $365mm net sales $45 - $50mm adjusted EBITDA² Continued confidence in long-term execution plan BEAUTYHEALTH™ 1. Non-GAAP measure; refer to appendix for reconciliation of most appropriate GAAP measure. 2. Our achievement of the anticipated results is subject to risks and uncertainties, including those disclosed in our filings with the SEC. The plan does not take into account the impact of any unanticipated developments in the business or changes in the operating environment, nor does it take into account the impact of our acquisitions, dispositions or financings during 2022. Our plan assumes a largely reopened global market, which would be negatively impacted if closures or other restrictive measures persist or are reimplemented.#6Continued progress against our 5-point Master Plan 6 al C Expand footprint 2 Tht Invest in providers 3 Drive brand awareness (50) Build global infrastructure G 5 S M&A BEAUTYHEALTH™#75-point Master Plan 7 8 RO 30 Expand footprint thi Invest in providers Drive brand awareness Build global infrastructure 635 EU द M&A BEAUTYHEALTH™#8Delivery systems sold YTD have already surpassed 2021's record year, with one quarter still to go 8 Annual delivery systems sold 4,103 2019 2,647 2020 Average selling price 6,191 $22,080 2021 Demonstrated demand and pricing power +7% 6,447 $23,640 2022YTD (9/30) BEAUTYHEALTH™#9Continuing to win omnichannel distribution globally 9 MEDSPA OK mit To ever/body OVME HOSPITALITY hanalei bay THE MIAMI BEACH EDITION THE LANDMARK MANDARIN ORIENTAL HONG KONG 0 MAD Perk lip Express Facial SPE Perk Express Facial Scan to Book Now CHANEL RETAIL A ARMA H:H TAHERBES Kan CORIAN CHOBERT SEPHORA Sephora's first Store of the Future in Singapore DOUGLAS Launch in Düsseldorf luxury flagship BEAUTYHEALTH™#105-point Master Plan 10 200 30 273 S Expand footprint 2 Thi Invest in providers Drive brand awareness Build global infrastructure 635 EU द L M&A BEAUTYHEALTH™#11National Esthetician Day in Times Square 11 National Esthetician Day TSX hydrafacial hydrafacial IN N GLOW volution TS 1,400,000 impressions in just two days! BEAUTYHEALTH™#12Hydrafacial is a top educator of estheticians worldwide 12 2 35,000+ Aestheticians trained hydrafacial hydrafacial Chicago Los Angeles K NYC Dallas Mexico City London Now Paris! Frankfurt Madrid Shanghai 13 Experience Centers Tokyo Now Singapore! Sydney BEAUTYHEALTH™#13Cultivating relationships with estis from the start at aesthetic schools 13 LAIT hydrafacial rafacial 1 Lydrafacial FACE LIFE FACE FIRST hydrafacia rafacial hydra' bydrafacial 80+ aesthetic schools with a Hydrafacial presence Favorable pricing on refurbished Elite devices for schools and new graduates Advance access to training courses and accreditations BEAUTYHEALTH™#145-point Master Plan 14 200 30 273 S Expand footprint thi Invest in providers 3 Drive brand awareness Build global infrastructure 635 EU द M&A BEAUTYHEALTH™#15Consumer interest in Hydrafacial continues to grow Earned Media Value¹ ($mm) 15 $6.0 FY 2019 Jan-19 Worldwide Google search trends wwwmir mummy $5.9 Oct-19 FY 2020 Interest over time Jul-20 www $7.8 FY 2021 Q3 2022 average I I Mar-21 1 I 1 I T FY 2022 YTD (09/30) тамиртири $9.0 Dec-21 Source: Tribe Dynamics and Google. 1. Earned Media Value is a proprietary metric published by Tribe Dynamics used as an influencer marketing metric to quantify the value of social media content. I T T 1 I 1 I T I | Sep-22 Already a record year for EMV FY 2022 YTD EMV has already surpassed FY 2021 by +15% +13% 3Q YOY search trend growth BEAUTYHEALTH™#16aceroute 16 ERYEN OSF MATE ALAYER OF JLO BEAUTY" Delivered by hydrafacial JLO BEAUTY BOOSTER LFFAIDENC LIENDEN JLo is our most successful booster drop to date 360° marketing launch Sold out day 1 pre-sale goal 185mm Impressions and counting! +42% sales spike on launch day BEAUTYHEALTH™#17Growing the industry's only booster portfolio CLARIFYING BOOSTER for HydraFacial™ BOOSTER CLARIFIANT pour HydraFacial"! Awareness- driving partnerships 17 Physician- endorsed boosters JLO BEAUTY Delivered By hydrafacial ILO BEAUTY BOOSTER URAN Dr Dennis Gross REAUTY GLYTONE AHA Resurfacing Cellular Booster Mnde Rod Acid hydrafacial JLO BEAUTY Indrafacial GLYTONE ANONG CELL LOVER OF Award- winning formulas Cutting- edge science and R&D Murad Clears purifies pores, soothes, and smoothes texture Clarifie punte les pores apane et fese la texture DELIVERED BY hydrafacial Murad, CLARIFYING BOOSTER Murad, CLARIFYING BOOSTER N/0.30 l Murad, CLARIFYING BOOSTER 70308 HOLY d by Hydofacial Ne/0.30 US rad CLARIFYING BOOSTER COSMOPOLITAN GRAIL 2022 ACNE AWARDS by Hydrafacial" /0.30 CLARIFYING BOOSTER Delivered by HydroNe9l/0.30 Forl CLARIFYING BOOSTER 8 BEAUTYHEALTH™#18Expanding the GLOWvolution tour to EMEA and APAC 18 hydrafacial Berlin, are you ready to glow? jennyliujones Hydrafacial cial cial hydrafacial #GLOWVOLUTION ASIA 2022 TOUR ハイドラフェイシャルが日本各地にやってきます! #GLOWvolution e ハイドラフェイシャルトリートメントに ご参加ください! ! hydrafacial hydraf hydrafacial ! hydrafacial hydrafacial rafacial hy hydra ! hydrafa hydrafaci Hverafacial 15 cities globally, millions of consumers BEAUTYHEALTH™#195-point Master Plan 19 200 30 273 S Expand footprint thi Invest in providers Drive brand awareness Build global infrastructure 635 द EU M&A BEAUTYHEALTH™#20Creating the infrastructure to profitably scale future growth ✓ Appointed EVP, Global Operations ✓ Expanding in-region production in China ✓ Advanced value engineering projects ✓ Instituting SOX compliance ✓ ERP rollout on track 20 hydrafacial BEAUTYHEALTH™#215-point Master Plan 21 200 30 273 S Expand footprint thi Invest in providers Drive brand awareness Build global infrastructure 5 EU M&A BEAUTYHEALTH™#22Our vision is to accelerate the BeautyHealth platform through M&A Differentiated product or service / high Net Promoter Score Complementary to our existing platform and community, leveraging the trusted aesthetician Financially attractive profile via compelling revenue growth, recurring revenue characteristics and / or profitability 22 Beauty Aesthetics Wellness Health BEAUTYHEALTH™#23Our M&A philosophy Identify gaps in bundle 23 Integrate and realize synergies Acquire digestible asset No predetermined timeline for transaction Prudent approach and opportunistic philosophy rather than time-based BEAUTYHEALTH™#2424 Q3 2022 results & outlook Liyuan Woo Chief Financial Officer BEAUTYHEALTH™#25Q3 2022 financial highlights Net sales by segment ($mm) 25 % YoY growth Delivery Systems Consumables Net sales $34.7 17.7 17.0 Q1 19 $42.3 21.4 20.9 Q2 19 $39.6 20.6 19.0 Q3 19 Delivery Systems $49.9 25.4 24.5 Q4 19 $47.5 21.9 25.7 Q1 21² 51% 23% 37% Consumables Trade-Ups $66.5 $68.1 31.6 34.9 Q2 21² 67% 48% 57% 32.0 36.2 2 Q3 21² 90% 55% 72% 1. Trade-Up revenue only disaggregated in Q2 22. 2. Year-over-year growth for 2021 periods is compared to 2019. The Company believes 2019 is a more meaningful comparison than 2020 given the pandemic disruption in 2020. $77.9 35.2 42.7 Q4 21 74% 39% 56% 2 1 $75.4 33.8 41.6 Q1 22 62% 54% 59% $103.5 23.3 I -$80.2 38.8 41.5 $88.8 Q2 22 85% 23% 56% 39.7 49.1 Q3 22 36% 24% 30% BEAUTYHEALTH™#26Q3 2022 financial highlights (cont'd) Net sales by region (mm) % YoY growth Americas APAC EMEA Total 26 $34.7 5.8 26.5 Q1 19 2.5 $42.3 7.8 31.8 2.8 Q2 19 $39.6 6.5 29.8 Q3 19 3.3 Americas APAC EMEA Trade-Ups $49.9 8.4 7.3 34.2 Q4 19 $47.5 7.5 8.8 31.3 Q1 21² 18% 252% 29% 37% $66.5 11.4 12.4 42.7 Q2 21² 34% 344% 46% 57% $68.1 12.6 10.5 45.0 Q3 21² 51% 218% 94% 72% 1. Trade-Up revenue only disaggregated in Q2 22. 2. Year-over-year growth for 2021 periods is compared to 2019. The Company believes 2019 is a more meaningful comparison than 2020 given the pandemic disruption in 2020. 1 $77.9 15.5 12.0 50.4 Q4 21² 47% 64% 84% 56% $75.4 17.9 12.9 44.6 Q1 22 43% 47% 140% 59% $103.5 23.3 17.8 10.4 52.1 $88.8 $80.2 15.3 15.1 Q2 22 77% (17%) 56% 56% 58.4 Q3 22 30% 44% 21% 30% BEAUTYHEALTH™#27Q3 2022 key performance indicators 27 24,473 Install Base 1. Average Selling Price. 1,860 Delivery Systems Sold $25,947 Delivery System ASP¹ ht (Edit Treatment Delowe HydraFacial Exfoliation Instructions A ded. Adjust ove g lapping mokes Mole Tp hydrafacial Serum ACTIVA Treatment Patter 2013 Step Step 4 BETA HD CLEAR ANTIOX BETA-HO CLEAR ENSEAWAY Vacum 14 ! ANTION ! INSEAWAY BEAUTYHEALTH™#28Q3 2022 financial highlights (cont'd) Gross margin and adjusted gross margin¹ 28 67.6% 69.3% Q3 2021 Q3 2022 GAAP gross margin 71.5% 75.1% Q3 2021 Q3 2022 Adjusted gross margin¹ 1. Non-GAAP measure; please refer to the appendix for a reconciliation to the appropriate GAAP measure. Net income (loss) and adjusted net income (loss)¹ ($mm) $0.1 $2.5 $8.0 ($215.1) Q3 2021 Q3 2022 Net income (loss) Adjusted EBITDA¹ ($mm) $5.8 8.5% Q3 2021 -% margin Q3 2021 Adjusted net income (loss)¹ $16.5 Q3 2022 18.6% Q3 2022 BEAUTYHEALTH™#292022 outlook: demonstrated track record of execution Strong track record of net sales outperformance ($mm) $44.1 $47.5 29 Q1 21 +7.8% $181 $66.5 $49.2 Net sales outlook ($mm) $200 Q2 21 +35.2% $235 ■Consensus estimate ■Net sales $68.1 $58.0 Q3 21 +17.5% $71.1$77.9 Dec-20 May-21 Aug-21 Nov-21 2021 Outlook as of Q4 21 +9.5% $250 $260 $250 2021A $68.1$75.4 Dec-20 Q1 22 +10.7% $320- $330 I $103.5 $83.9 Q2 22 +23.4% $330- $340 $80.7$88.8 Q3 22 +10.0% $340- $360- $365 $350 Feb-22 May-22 Aug-22 2022 Outlook as of I I I I Nov-22 Adjusted EBITDA¹ outlook ($mm) $33 2021 Actual +38% - +53% YoY growth $45 - $50 2022 Outlook BEAUTYHEALTH™ Source: FactSet complied consensus; Note: figures may not foot due to rounding. 1. Non-GAAP measure. Our achievement of the anticipated results is subject to risks and uncertainties, including those disclosed in our filings with the SEC. The plan does not take into account the impact of any unanticipated developments in the business or changes in the operating environment, nor does it take into account the impact of our acquisitions, dispositions or financings during 2022. Our plan assumes a largely reopened global market, which would be negatively impacted if closures or other restrictive measures persist or are reimplemented.#30Q3 2022 cost detail ($mm) Gross Profit Selling & Marketing G&A R&D 30 Q3 2022 Q3 2021 A Q3 2021 $61.6 39.8 23.8 2.2 $46.1 30.5 19.2 1.9 +$15.5 +9.3 +4.6 +0.3 Q3 2022 69.3% 44.8% 26.8% 2.4% % net sales Q3 2021 67.6% 44.7% 28.2% 2.8% Δ Q3 2021 +1.7% +0.1% (1.4%) (0.3%) A Q3 2021 Commentary Increase in fixed cost leverage associated with higher volume and stronger realized delivery systems pricing, partly offset by headwinds from global supply chain challenges, inflationary pressures and FX rates Increase in sales commissions as a result of higher sales, planned marketing programs and personnel-related expenses¹ Increase in stock-based compensation, personnel-related expenses¹ and recruiting & other professional fees Increased spend in personnel-related expenses¹ and additional investments in data infrastructure Note: calculations may not foot due to rounding. 1. Increases in personnel-related expenses during the quarter were partially offset by a reduction in the accrual for estimated bonus expenses, which were originally accrued at 200% of target amounts. BEAUTYHEALTH™#31Q3 2022 balance sheet highlights Cash and Cash Equivalents Warrants Convertible Debt Revolving Credit Facility Shares Outstanding 31 1. As of 09/30/22. Approximately $684.2 million cash and cash equivalents on balance sheet Approximately 7.0 million Private Warrants outstanding¹ $750.0 million 1.25% convertible notes due 2026 Use of proceeds: capped call transaction, potential future acquisitions, working capital expenditures, and general corporate purposes Conversion price of $31.76; capped call agreement provides dilution protection up to $47.94 $50.0 million Senior Secured Credit Facility remains undrawn; current undrawn commitment fee of 25 bps Allows flexibility for future M&A; ex-US operations unencumbered; convertible debt excluded from covenants ✦ Approximately 143.2 million current shares outstanding¹ $100 million Accelerated Share Repurchase program expected to be completed by the end of Q1 2023 Additional $100 million share buyback authorization remaining BEAUTYHEALTH™#32Andrew Stanleick President & Chief Executive Officer Liyuan Woo Chief Financial Officer Q&A BEAUTYHEALTH™#33hydrafacial KEIB FXD 33 NO Trafacial hydrafacial THE BEST SKIN OF YOUR LIFE ONALISATION STATION ON LAN daf @hyd afacia #hydrafacialLON Appendix hydraf hrafa @hydrafacialuk #hydrafaciallDN BEAUTYHEALTH™#34Reconciliation of gross margin to adjusted gross margin Unaudited ($mm) Net sales Cost of sales Gross profit (GAAP) Gross margin (GAAP) Adjusted to exclude the following: Stock-based compensation expense included in cost of sales Depreciation and amortization expense included in cost of sales Write-off of discontinued product Adjusted gross profit Adjusted gross margin Note: Figures may not foot due to rounding. 1. Represents a one-time write-off primarily related to the discontinued Glow & Go pilot program. 34 Three months ended September 30, 2021 $68.1 22.1 $46.1 2022 $88.8 27.2 $61.6 69.3% 0.2 2.8 2.0 $66.6 75.1% 67.6% 0.1 2.6 $48.7 71.5% BEAUTYHEALTH™#35Reconciliation of net income to adjusted EBITDA ($mm) Net sales Net income (loss) Adjusted to exclude the following: Change in FV of warrant liability Change in FV of earn-out shares liability Amortization expense Gain loss on disposal of assets Stock-based compensation expense Other expense (income) Management fees' Transaction related costs² Other non-recurring and one-time fees³ Aggregate adjustment for income taxes Adjusted net income (loss) epreciation expense Three months ended September 30, 2021 $68.1 ($215.1) 35 2022 $88.8 $0.1 (4.3) 3.9 4.7 7.4 (2.5) 2.6 (4.0) $8.0 2.0 3.4 (0.0) 3.2 199.3 10.6 3.5 $16.5 18.6% 5.1 (0.0) 1.2 0.5 (2.4) $2.5 1.0 0.5 0.4 1.3 $5.8 Year ended 12/31/21 $260.1 ($375.1) 8.5% 277.3 47.1 13.3 Interest expense Foreign currency (gain) loss, net Remaining benefit for income taxes Adjusted EBITDA Adjusted EBITDA margin Note: Figures may not foot due to rounding; Periods for the three months ended September 30, 2022 and September 30, 2021 are unaudited. 1. Represents quarterly management fees paid to the majority shareholder of HydraFacial based on a pre-determined formula. Following the Business Combination, these fees are no longer paid. 2. For the three months ended September 30, 2021, such amount primarily represent direct costs incurred in relation to potential acquisitions. For the year ended December 31, 2021 such amount primarily represents direct costs incurred with the Business Combination, including $21.0 million paid to the former owner of HydraFacial, and to prepare HydraFacial to be marketed for sale by HydraFacial's shareholders in previous periods. 3. For the three months ended September 30, 2022, such costs primarily represent a write-off related to the discontinued Glow & Go pilot program. For the three months ended September 30, 2021, such costs primarily represent one-time retention awards related to the distributor acquisitions. For the year ended December 31, 2021, such costs primarily represent recruiting fees for executive officers, severance and one-time retention awards related to the distributor acquisitions. 12.4 4.5 0.2 34.9 4.0 (14.1) $4.5 4.5 11.8 0.1 11.8 $32.7 12.6% BEAUTYHEALTH™