Babylon Investor Conference Presentation Deck
Preliminary Results for 2022: Beating Expectations
Our 2022 revenue is expected to
exceed $1.05(1) billion on both an
International Financial Reporting
Standards (IFRS) and U.S. GAAP
basis (exceeding the lower end of
our previous guidance of $1.05 to
$1.1 billion).
Our 2022 IFRS Adjusted
EBITDA is expected to
beat our previous guidance
of $(270)(¹) million or less.
In July 2022 we announced cost reductions
expected to deliver $100 million in yearly
savings. As a result of additional cost saving
measures, we expect to deliver an additional
25% in cost reductions on an annualized basis.
We expect the proceeds
from the planned sale of our
IPA business in California in
early 2023 to fund Babylon
to profitability.
Notes: (1) These numbers including any revenue from discontinued operations are in IFRS as per January 12, 2023 press release filed with the SEC on Form 8-K on January 12, 2023. This financial result is preliminary, unaudited and subject to change in connection with the completion of Babylon's financial closing
process and the preparation of its audited financial statements for 2022, which will be reported in U.S. GAAP.
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