Olaplex Investor Presentation Deck

NON-GAAP RECONCILIATION Adjusted EBITDA ($MM) Net Income Interest expense (income) Income tax provision Depreciation and amortization of intangible assets Acquisition costs and financing fees¹ Costs incurred LIQWD Matters² Inventory fair value adjustment³ Share-based compensation Non-capitalizable IPO and strategic transaction costs4 Tax receivable agreement liability adjustment5 For the Year Ended December 31 2021 $ 221 61 55 49 14 Adjusted EBITDA Adjusted EBITDA Margin 1 Includes acquisition costs related to the acquisition of the Olaplex business and dividend financing costs. 2 Includes costs incurred related to the resolution of the LIQWD Matters of $14.3 million. 4 8 (4) $ 409 68.3% 2020 $ 39 39 8 46 21 45 2 $ 199 70.6% 23 Adjusted Gross Profit ($MM) Gross Profit Inventory fair value adjustment³ Amortization of patented formulations Adjusted Gross Profit Adjusted Gross Profit Margin For the Year Ended December 31 2021 $ 474 8 $ 482 80.5% 3 Includes the non-cash, non-recurring fair value inventory step-up adjustment amortization as part of the purchase accounting on the acquisition date, utilizing the comparative sales method in accordance with ASC 820-10-55-21. 4 Represents non-capitalizable professional fees and executive severance incurred in connection with the IPO and the Company's public company transition. 5 Represents applicable tax receivable agreement liability adjustments. 2020 $ 179 45 6 $ 230 81.6% OLAPLEX

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