SmileDirectClub Investor Presentation Deck
Balance sheet highlights.
We ended Q4 with $118.4 million in cash
and cash equivalents.
Cash from operations for the fourth
quarter was ($51.5) million.
Cash spent on investing for the fourth
quarter was ($11.8) million
Free Cash Flow was ($63.3) million in
the quarter compared to ($79.7) million
in Q4 2021
In Q4 2022, SmilePay financing, which
drives our accounts receivable, as a
percentage of total aligners purchased
was 62.7%, which is about a 260 bps
increase over Q3 2022.
Overall, SmilePay delinquency rates
continue to be in line with past
performance. SmilePay delinquency as
a % of sales has increased as a result of
lower current period sales.
smile
DIRECT CLUB
($ in millions)
Cash
Debt
Accounts
Receivable, Net
Cash Flow from
Operations
Cash Flow from
Investing
Q1 2022 Q2 2022 Q3 2022 Q4 2022
$144.7 $158.3 $120.2 $118.4
$739.6 $792.2 $792.4 $849.4
$240.5 $221.6 $201.8 $187.0
($64.8) ($17.8) ($24.1) ($51.5)
($11.6) ($17.8) ($10.8) ($11.8)
Free Cash Flow(¹) ($76.4) ($35.6) ($34.9) ($63.3)
(1) Free Cash Flow is a non-GAAP financial measure. See appendix for definition of Free Cash Flow. Prior period reconciliations are available in
historical SEC filings at https://investors.smiledirectclub.com/financial-filings/sec-filings.
30View entire presentation