Hydrafacial Results Presentation Deck
Q1 2023 balance sheet highlights
Cash and cash
equivalents
Warrants
Convertible
debt
Revolving
credit facility
Shares
outstanding
24
Approximately $532.3 million cash and cash equivalents on balance sheet
Approximately 7 million Private Warrants outstanding
$750 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 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 132.6 million current shares outstanding
Both $100 million accelerated share repurchase programs completed; aggregate of 18.8 million shares retired at
average price of $10.78 per share
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