SmileDirectClub Results Presentation Deck
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Balance sheet highlights.
We ended Q3 with $373 million in
cash and cash equivalents
Cash from operations for the third
quarter was positive $17 million,
driven by positive $3 million of
Adjusted EBITDA(¹)
The remainder is driven by
positive changes in working
capital
●
Cash spent on investing for the third
quarter was $21 million, mainly
associated with leasehold
improvements, capitalized software
and building our manufacturing
automation
We have seen significant
improvement in free cash flow(³)
quarter over quarter
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smile
DIRECT
CLUB
Negative $3.7 million in Q3,
down from negative $35.2
million in Q2, negative $98.5
million in Q1, and negative
$181.2 million in Q4 2019
(1)
(2)
(3)
($ in millions)
Cash
Debt
Accounts
Receivable, Net
Cash Flow from
Operations
Cash Flow from
Investing
Free Cash Flow
Q3 2019
(2)
$547.6
$219.4
Q4 2019
$318.5
$311.7 $345.7
$(122.3)
Adjusted EBITDA is a non-GAAP financial measure. See appendix for definition of Adjusted EBITDA.
Includes approximately $100 million set aside for IPO expenses and future payments or distributions as referenced in our S-1.
Free Cash Flow is a non-GAAP financial measure. See appendix for definition of Free Cash Flow.
$(28.2) $(40.0)
$208.5 $221.4
Q1 2020 Q2 2020 Q3 2020
$224.4 $389.0
$(181.2)
$(94.1) $(141.2) $(70.4) $(15.5) $17.2
$373.0
$420.3 $415.7
$345.3 $311.8 $302.0
$(28.1) $(19.7) $(20.9)
$(98.5) $(35.2) $(3.7)
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