Bausch+Lomb IPO Presentation Deck

Financial flexibility and availability of liquidity¹ ER BAUSCH+ LOMB Targeting investment-grade credit rating at spin-off/ distribution • Targeting net leverage -2.9x at IPO and maintain leverage consistent with investment-grade profile ● Strong Balance Sheet Balance sheet provides flexibility to invest in future (B+L platform, M&A) • M&A to drive future growth and margin expansion ● Investment Grade ● ● -$800M Liquidity Assuming cash balance of $300M (on a pro forma basis) Targeting -$500M multi-year revolving credit facility FINANCIAL PERFORMANCE 1. See slide 2 for further information on forward-looking statements 44

View entire presentation