Olaplex Results Presentation Deck
NON-GAAP RECONCILIATION
2.
Adjusted Net Income ($MM)
Net Income
Amortization of intangible assets (excluding software)
One-time former distributor payment²
Share-based compensation
Executive reorganization costs¹
Tax effect of adjustments
Adjusted net income
Adjusted net income per share:
Basic
Diluted
For the Quarter Ended June 30,
Q2 2023 EARNINGS
2023
$6
12
4
3
*
(4)
$ 21
$ 0.03
$ 0.03
2022
$ 88
12
2
(3)
$ 99
$0.15
$0.14
Adjusted SG&A($MM)
24
SG&A
One-time former distributor payment²
Share-based compensation
Executive reorganization costs¹
Adjusted SG&A
For the Quarter Ended June 30,
2023
$ 49
(4)
(3)
$ 42
2022
$ 26
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.
(2)
$ 24
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