Olaplex Results Presentation Deck
NON-GAAP RECONCILIATION
2.
Adjusted Net Income ($MM)
Net Income
Amortization of intangible assets (excluding
software)
Non-recurring litigation costs ¹
Share-based compensation
Non-capitalizable IPO and strategic transaction
costs²
Tax effect of adjustments
Adjusted net income
Adjusted net income per share:
Basic
Diluted
For the Quarter Ended June 30
2022
2021
Q2 2022 EARNINGS
$ 88
12
(3)
$99
$0.15
$0.14
$0.11
$0.11
$ 49
12
14
1
(5)
$ 73
Adjusted SG&A($MM)
21
SG&A
Non-recurring litigation costs¹
Share-based compensation
Non-capitalizable IPO and strategic
transaction costs²
Adjusted SG&A
For the Quarter Ended June 30
2022
2021
$26
$ 34
(14)
(1)
(2)
$ 17
1. Represents costs incurred related to the payment to LIQWD, Inc. ("LIQWD"), a predecessor entity to the Company substantially all of whose assets and liabilities were purchased as part of the the acquisition of the Olaplex, LLC business in 2020 by certain investment funds affiliated with Advent
International Corporation and other investors (the "Acquisition"), of certain amounts due in connection with the resolution of certain litigation and contingency matters involving LIQWD, which amounts were required to be paid pursuant to the purchase agreement for the Acquisition.
Represents non-capitalizable professional fees and executive severance incurred in connection with the Company's initial public offering and the Company's public company transition.
(2)
$ 24
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