Olaplex Results Presentation Deck
NON-GAAP RECONCILIATION
2.
Adjusted EBITDA ($MM)
Net Income
Depreciation and amortization of intangible assets
Interest expense, net
One-time former distributor payment²
Share-based compensation
Income tax provision
Executive reorganization costs¹
Adjusted EBITDA
Adjusted EBITDA margin
For the Quarter Ended
June 30,
Q2 2023 EARNINGS
2023
$6
12
10
4
3
2
$ 37
33.6%
2022
$ 88
12
9
2
22
$ 133
63.1%
Adjusted Gross Profit ($MM)
23
Gross Profit
Amortization of patented formulations
Adjusted Gross Profit
Adjusted Gross Profit Margin
For the Quarter Ended June 30,
2023
$ 77
2
$ 79
72.7%
2022
$ 157
2
1. Executive reorganization costs in the three months ended June 30, 2023 represent ongoing benefit payments associated with the departure of the Company's Chief Operating Officer during the year ended December 31, 2022.
During the three months ended June 30, 2023, the Company made a one-time $3.5 million payment to a former distributor in the United Arab Emirates, which enabled the Company to establish a partnership with another
distributor in the region.
Costs for this period were less than $500 thousand dollars, and round to zero in this presentation.
$ 159
75.2%
OLAPLEX.View entire presentation