Olaplex Investor Presentation Deck

NON-GAAP RECONCILIATION Adjusted EBITDA ($MM) Net Income Interest expense (income) Income tax provision Depreciation and amortization of intangible assets Loss on on extinguishment of debt¹ Costs incurred LIQWD Matters² Inventory write off and disposal³ Share-based compensation Executive reorganization costs4 Labelling stock write off and disposal 5 Distribution start-up costs Non-capitalizable IPO and strategic transaction costs Tax receivable agreement liability adjustment' Adjusted EBITDA Adjusted EBITDA Margin Three Months Ended December 31 2022 $ 34 10 8 13 INT 2 (3) $ 68 51.7% 22 2021 $ 69 15 17 12 1 (4) $111 66.5% For the Year Ended December 31 2022 $ 244 41 61 49 19 I 5 7 4 2 (3) $ 429 60.9% 2021 $ 221 61 55 49 14 4 8 (4) $ 409 68.3% ¹ On February 23, 2022, the Company refinanced its existing secured credit facility with a new credit agreement. This refinancing resulted in recognition of loss on extinguishment of debt of $18.8 million which is comprised of $11.0 million in deferred financing fee write off, and $7.8 million of prepayment fees for the previously existing credit facility 2 Includes costs incurred related to the resolution of the LIQWD Matters of $14.3 million. 3 Related to unused stock of a product that the Company reformulated in June 2021 as a result of regulation changes in the E.U. 4 Represents one-time costs associated with the departure of the Company's Chief Operating Officer during the year ended December 31, 2022. 5 Labelling stock write-off and disposal costs relate to disposal of unused product labels that the Company was required to update as a result of regulation changes in the E.U that become effective in the first quarter of 2023 6 Represents non-capitalizable professional fees and executive severance incurred in connection with the IPO and the Company's public company transition. 7 Represents applicable tax receivable agreement liability adjustments. OLAPLEX

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