SmileDirectClub Investor Presentation Deck
Other expenses, Adj. EBITDA, and Net income.
●
Interest Expense:
●
Other:
smile
DIRECT CLUB
●
●
Totaled $8.5 million in Q2 2023, of which
$7.1 million is associated with the debt
facility secured in April 2022 and $1.4
million was deferred loan costs from our
convertible bonds and capital lease
expense
Q2 Adjusted EBITDA(¹) was ($13.6) million for the
quarter, an improvement of $13mm from Q1
2023 and $10mm from Q2 2022.
US/Canada Adjusted EBITDA was ($5.8)
million
Rest of World Adjusted EBITDA was ($7.8)
million
●
●
Other store closure and restructuring costs
were ~$8.5 million primarily related to
severance costs, lease and international
exit costs.
Unrealized currency loss impact of $0.3
million.
($96)
($55)
$5
Net income (Loss) ($ in millions)
($23)
($89) ($95)
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023
($54)
($74) ($65) ($70) ($69) ($66)
+
Adj. EBITDA(¹) ($ in millions)
($54)
($62)
($34)
($23)
($30)
($47)
($27)
($14)
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023
(1) Adjusted EBITDA is a non-GAAP financial measure. See appendix for definition of Adjusted EBITDA. Prior period reconciliations are available in
historical SEC filings at https://investors.smiledirectclub.com/financial-filings/sec-filings.
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