Hydrafacial Results Presentation Deck
Q4 2022 balance sheet highlights
Cash and cash
equivalents
Warrants
Convertible
debt
Revolving
credit facility
Shares
outstanding
25
→ Approximately $568.2 million cash and cash equivalents on balance sheet
Approximately 7.0 million Private Warrants outstanding
$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 132.2 million current shares outstanding
First $100 million accelerated share repurchase program completed; approximately 9.3 million shares retired
→ Second $100 million accelerated share repurchase program expected to be completed by the end of Q2 2023
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