SmileDirectClub Investor Presentation Deck
General & administrative.
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General and administrative expenses were $60mm in
Q4, compared to $76 million in Q3 2022
The $55mm base G&A includes the reversal of
$4mm of incentive compensation costs based
on full year results
We also incurred lower legal expenses and
reduced depreciation and amortization as a
result of a decrease in capital spending over
time.
●
●
Cost actions taken in January 2022 now achieving
full run rate savings
We plan to stay vigilant with cost control throughout
2023 and beyond, as we focus on continuing
to leverage this line item.
Full year G&A expense down $47mm year over year
with a focus on cost control and financial discipline.
smile
DIRECT CLUB
1
$16
$73
$11
$58
$7
$45
$261
G&A expenses ($ in millions)
$63
FY 2020
G&A
$5
$11 $7
$15
$66 $66
$1
$12
$72
$5
$45
$10
$276
$75
$4
$7
FY 2021
Stock-based Compensation
$63
$5
Q1 2020 Q2 2020Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022
G&A
Stock-based Compensation
One-time Costs
G&A expenses ($ in millions)
$66
$8
$64
$27
$252
FY 2022
$8
One-time Costs
$68
$5
28
$55View entire presentation