Olaplex Results Presentation Deck
1.
NON-GAAP RECONCILIATION
3.
Adjusted EBITDA ($MM)
Net Income
Depreciation and amortization of intangible assets
Interest expense, net
Income tax provision
Share-based compensation
Labelling stock write off and disposal²
Distribution start-up costs³
Executive reorganization costs¹
Adjusted EBITDA
Adjusted EBITDA margin
For the Quarter Ended
September 30,
2023
$ 20
13
10
6
3
$ 52
41.7%
Q3 2023 EARNINGS
2022
$ 61
12
10
15
2
2
Costs for this period were less than $500 thousand dollars, and round to zero in this presentation.
*
$ 102
57.8%
Adjusted Gross Profit ($MM)
Gross Profit
20
Amortization of patented formulations
Labelling stock write off and disposal²
Adjusted Gross Profit
Adjusted Gross Profit Margin
For the Quarter Ended September 30,
2023
$ 84
2
$ 86
69.7%
2022
$ 130
1
2
Executive reorganization costs in the three months ended September 30, 2023 represent ongoing benefit payments associated with the departure of the Company's Chief Operating Officer during the year ended December 31,
2022.
2. Labelling stock write-off and disposal costs relate to disposal of unused product labels that the Company was required to update as a result of regulation changes in the E.U that became effective in the first quarter of 2023.
The distribution start-up costs relate to one-time charges associated with the set-up of a new third party logistics provider.
$ 133
75.1%
OLAPLEX.View entire presentation