Bausch+Lomb Results Presentation Deck

Reconciliation of Reported Operating Loss/Income to Adjusted EBITA (non- GAAP)¹ ($M) BAUSCH + LOMB 2023 GAAP Amortization of intangible assets Restructuring, integration and transformation costs Acquisition-related costs and adjustments (excluding amortization of intangible assets) Separation costs and separation-related costs 2023 Non-GAAP¹ 2022 GAAP Amortization of intangible assets Restructuring, integration and transformation costs Separation costs and separation-related costs 2022 Non-GAAP¹ 1. Gross Profit $ 502 57 $ 559 $ Gross Profit 476 65 $ 541 Gross Margin 53.9% $ 6.1% 0.0% 0.0% 0.0% 60.0% $ Gross Margin 53.5% $ 7.3% 0.0% 60.9% $ This is a non-GAAP measure or non-GAAP ratio. See Slide 1 and Non-GAAP Appendix for further information on non-GAAP measures and ratios. 1Q 2023 SG&A 418 $ (24) (3) 391 $ 1Q 2022 SG&A 343 $ (1) 338 $ R&D Expense 77 $ Operating (loss)/income 77 S R&D Expense 77 $ (2) 77 S 57 32 1 3 91 Operating income 54 65 3 4 126 26

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