SmileDirectClub Results Presentation Deck
Adjusted EBITDA & net income.
Interest Expense:
●
●
Lease Abandonment and Impairment:
●
smile
DIRECT CLUB
Interest expense was $10.1 million in
the second quarter, associated with
borrowings on indebtedness from our
credit facility.
Loss on extinguishment of debt:
$13.8mm associated with the
refinancing of our JPM facility.
●
We had a one-time non-cash charge of
$25mm. This non-cash charge was
mostly associated with the closure of
our manufacturing facility in Kyle TX,
the consolidation of several floors at
our headquarters in Nashville, TN, and
the impairment of right of use assets
and leasehold improvements at shops
that we closed in the quarter.
We had $4mm in other store closure
expenses mostly associated with short-
term lease termination fees and other
store closure expenses.
Other:
●
I
($20mm)
Q1 2019
($4mm)
Q1 2019
Gains of $1.8mm, which is mostly
associated with currency gains and
losses.
(1) Adjusted EBITDA is a non-GAAP financial measure. See appendix for definition of Adjusted EBITDA.
($32mm)
Q2 2019
$6mm
Q2 2019
Net income
($388mm)
Q3 2019
($45mm)
($97mm) ($107mm)
Adj. EBITDA(¹)
Q3 2019
Q4 2019 Q1 2020
($60mm)
($67mm)
Q4 2019 Q1 2020
($95mm)
Q2 2020
($20mm)
Q2 2020
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