Kenvue IPO Presentation Deck
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Preliminary estimated Q1'23 results¹
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(In millions)
Revenue
Organic Growth²
Revenue by Segment
Self Care
Organic Growth2
Skin Health and Beauty
Organic Growth2
Essential Health
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EMAIL Margins
Adjusted gross profit³
% margin
Adjusted EBITDA4
% margin
Adjusted net income5
% margin
Fiscal three months ended
April 2, 2023
Estimated¹
$3,852 AL [email protected]
$1,640
$1,111
$1,101
Low
$2,140
PRINTING COPYING AND DIST
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EMAIL: [email protected] $840
21.8%
$610
15.8%
High
$2,270
58.9%
ROADSHO
IP ADDRE16.9% 50.50
EMAIL
1
Fiscal three months ended
April 3, 2022
Actual
$3,590
$1,465 [email protected]
badshow.cam.
$1,012
$895
$801
23.2%
22.3%
NG AND DISTRIBUTION OF
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17.1%
$1,113
Actual
$2,054
57.2%
Change vs. prior year
Estimated¹
7.3%
11.2%
Low
4.2%
(166bps)
4.9%
(51bps)
(0.5%)
(124bps)
11.9%
15.3% G COPYING AND DISTRIBUTION OF
9.8% HOW MATERIALS IS STRICTLY PROHIBIT
PRESS 95.24 50:50
13.2% [email protected]
(1.1%)
4.0%
High
10.5%
172bps
11.7%
92bps
6.0%
(20bps)
¹ We have provided estimates and ranges of certain preliminary results because our closing procedures for the fiscal three months ended April 2, 2023 are not yet complete. Our actual results for the fiscal three months ended April 2, 2023 remain
subject to the completion of management's final review and our other closing procedures, or subsequent events, as well as the completion of the review of our combined financial statements. Accordingly, we caution you not to place undue
reliance on our preliminary results set out below, which may differ from actual results. Our independent registered public accounting firm, PricewaterhouseCoopers LLP, has not audited, reviewed, compiled or applied agreed-upon procedures with
respect to this preliminary financial data; 2 Organic growth excludes the impact of changes in foreign currency exchange rates and the impact of acquisitions and divestitures. Organic growth is a non-GAAP measure. Please see the Appendix to
this presentation for a reconciliation of the change in Net sales to Organic growth; 3 Gross profit adjusted for restructuring expense and amortization of intangible assets. Adjusted gross profit is a non-GAAP measure. Please see the Appendix to
this presentation for a reconciliation to Gross profit; 4 EBITDA adjusted for restructuring expense, unrealized loss on securities, and separation-related costs. Adjusted EBITDA is a non-GAAP measure. Please see the Appendix to this
presentation for a reconciliation to Net income; 5 Net income adjusted for restructuring expense, amortization of intangible assets, unrealized loss on securities, separation-related costs, and tax impact on special item adjustments. Adjusted net
income is a non-GAAP measure. Please see the Appendix to this presentation for a reconciliation to Gross profit
K kenvue
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