SmileDirectClub Investor Presentation Deck
Other expenses, Adjusted EBITDA & net income.
Net income (Loss) ($ in millions)
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Interest Expense:
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Loss on extinguishment of debt:
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smile
DIRECT CLUB
Interest expense was $17.6 million in the first
quarter, primarily associated with borrowings
on indebtedness from our prior credit facility.
This expense will decline significantly now that
we have refinanced with our new convert.
Store Closure Costs
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We had a $47.6mm loss on extinguishment of
debt relating to the repayment of the prior
credit facility. This expense includes the make
whole amount paid in connection with the
termination of the agreement, the remaining
unamortized costs and unaccreted value of
warrants.
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Other:
We had expense of $1.1mm associated with
optimizing our store footprint.
Expense of $0.9mm primarily reflects
unrealized foreign exchange loss
Q1 Adjusted EBITDA(¹) was $4.9mm for the quarter
US/Canada Adjusted EBTIDA was $11.6mm,
implying a 7% margin
Rest of World Adjusted EBITDA was ($6.7mm)
ון
($107.4)
(1) Adjusted EBITDA is a non-GAAP financial measure. See appendix for definition of Adjusted EBITDA.
Q1 2020
($66.9)
Q1 2020
($94.7)
Q2 2020
($20.3)
($43.5)
Q2 2020
Q3 2020
Adj. EBITDA(¹) ($ in millions)
$3.0
($32.9)
Q3 2020
Q4 2020
$7.2
Q4 2020
($95.6)
Q1 2021
$4.9
Q1 2021
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