SmileDirectClub Results Presentation Deck
Balance sheet highlights.
We ended the first quarter with $224
million in cash and cash equivalents.
●
●
Pro forma for the new debt facility,
we have approximately $420mm of
cash on the balance sheet, after
refinancing our prior debt facility.
Cash from operations for the first
quarter was negative $70 million,
driven by negative $67 million of
Adjusted EBITDA(¹)
The remainder is driven by
change in working capital.
Cash spent on investing for the first
quarter was $28 million, mainly
associated with leasehold
improvements, capitalized software
and building our manufacturing
automation.
smile
DIRECT CLUB
($ in millions)
Cash
Debt
Accounts
Receivable, Net
Cash Flow from
Operations
Cash Flow from
Investing
Free Cash Flow
Q1 2019
$241.2
$(38.8)
Q2 2019 Q3 2019
$149.1
$(59.4)
(1) Adjusted EBITDA is a non-GAAP financial measure. See appendix for definition of Adjusted EBITDA.
(2) Includes approximately $100 million set aside for IPO expenses and future payments or distributions as referenced in our S-1.
$(20.6) $(10.7)
$547.6
$147.1 $205.0 $219.4 $208.5 $221.4
$(65.9)
Q4 2019
$226.3 $275.1 $311.7 $345.7 $345.3
$318.5
Q1 2020
$224.4
$(94.1) $(141.2) $(70.4)
$(28.2) $(40.0) $(28.1)
$(76.7) $(122.3) $(181.2) $(98.5)
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