SmileDirectClub Investor Presentation Deck
Forward-Looking Statements
This presentation contains forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Forward-
looking statements generally relate to future events and include, without limitation, projections, forecasts and estimates about possible or assumed future results
of our business, financial condition, liquidity, results of operations, plans, and objectives. Some of these statements may include words such as "expects,"
"anticipates," "believes," "estimates," "targets," "plans," "potential," "intends," "projects," and "indicates."
Although they reflect our current, good faith expectations, these forward-looking statements are not a guarantee of future performance, and involve a number of
risks, uncertainties, estimates, and assumptions, which are difficult to predict. Some of the factors that may cause actual outcomes and results to differ materially
from those expressed in, or implied by, the forward-looking statements include, but are not necessarily limited to: the current noncompliance with the minimum
bid requirement pursuant to the Nasdaq Listing Rules; our ability to consummate our convertible note exchange and secure additional financing, the duration
and magnitude of the COVID-19 pandemic and related containment measures; our management of growth; the execution of our business strategies,
implementation of new initiatives, and improved efficiency; our sales and marketing efforts; our manufacturing capacity, performance, and cost; our ability to
obtain future regulatory approvals; our financial estimates and needs for additional financing; consumer acceptance of and competition for our clear aligners;
our relationships with retail partners and insurance carriers; our R&D, commercialization, and other activities and expenditures; the methodologies, models,
assumptions, and estimates we use to prepare our financial statements, make business decisions, and manage risks; laws and regulations governing remote
healthcare and the practice of dentistry; our relationships with vendors; the security of our operating systems and infrastructure; our risk management
framework; our cash and capital needs; our intellectual property position; our exposure to claims and legal proceedings; and other factors described in our
filings with the Securities and Exchange Commission, including but not limited to our Annual Report on Form 10-K for the year ended December 31, 2022 and our
Quarterly Report on Form 10-Q for the quarter ended March 31, 2023.
New risks and uncertainties arise over time, and it is not possible for us to predict all such factors or how they may affect us. You should not place undue
reliance on forward-looking statements, which speak only as of the date they are made. We are under no duty to update any of these forward-looking
statements after the date of this presentation to conform these statements to actual results or revised expectations. You should, therefore, not rely on these
forward-looking statements as representing our views as of any date subsequent to the date of this presentation.
Market and Industry Data
This presentation also contains estimates and other statistical data obtained from independent parties and by us relating to market size and growth and other
data about our industry and ultimate consumers. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to
such estimates and data. In addition, projections, assumptions, and estimates of our future performance and the future performance of the geographic and other
markets in which we operate are necessarily subject to a high degree of uncertainty and risk. We provide additional disclosures regarding our marketing claims
on our web site which can found at smiledirectclub.com/claims/.
Non-GAAP Financial Measures
This presentation contains certain non-GAAP financial measures, including adjusted EBITDA ("Adjusted EBITDA") and Free Cash Flow. We utilize certain non-
GAAP measures, including Adjusted EBITDA, and Free Cash Flow to evaluate our actual operating performance and for planning and forecasting of future
periods. These non-GAAP measures should not be considered in isolation or as a substitute for the related GAAP measures, and other companies may define
such measures differently. We provide a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures in the
appendix to this presentation and in our Current Report on Form 8-K announcing our quarterly earnings results, which can be found on the SEC's website at
www.sec.gov and our website at investors.smiledirectclub.com. We do not provide a reconciliation of forward-looking Adjusted EBITDA to the most directly
comparable GAAP financial measure (net loss), as the reconciliation to the corresponding GAAP measure is not available due to the variability, complexity and
limited visibility of the non-cash items that are excluded from forward-looking Adjusted EBITDA.
This presentation is a supplement to, and should be read in conjunction with, SmileDirectClub's earnings release for the quarter ended March 31, 2023.
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DIRECT CLUB
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