Olaplex Results Presentation Deck
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NON-GAAP RECONCILIATION
Adjusted Net Income ($MM)
Net Income
Amortization of intangible assets (excluding software)
Share-based compensation
Executive reorganization costs¹
Labelling stock write off and disposal²
Distribution start-up costs³
Tax effect of adjustments
Adjusted net income
Adjusted net income per share:
Basic
Diluted
For the Quarter Ended September 30,
2023
$ 20
13
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Q3 2023 EARNINGS
(3)
$ 33
$0.05
$0.05
2022
$61
11
Costs for this period were less than $500 thousand dollars, and round to zero in this presentation.
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(3)
$ 73
$0.11
$0.11
Adjusted SG&A ($MM)
SG&A
21
Share-based compensation
Executive reorganization costs ¹
Distribution start-up costs³
Adjusted SG&A
For the Quarter Ended September 30,
2023
$36
(2)
$ 34
Executive reorganization costs in the three months ended September 30, 2023 represent ongoing benefit payments associated with the departure of the Company's Chief Operating Officer during the year ended December 31,
2022.
2022
$31
(3)
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 became effective in the first quarter of 2023.
The distribution start-up costs relate to one-time charges associated with the set-up of a new third party logistics provider.
$ 28
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