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  "documentTitle": "Bausch Health Companies | Results Presentation Deck | 90 slides",
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  "authorName": "Bausch Health",
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  "presentationDate": "2021-08-01 00:00:00",
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  "notes": "The slide uses a process flow diagram to show how operational improvements (EBITDA growth, working capital, deleveraging) feed into specific divestiture and IPO events.",
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      "kind": "diagram",
      "text": "Grow EBITDA, Improve working capital efficiency, Delever leading to Use cash generated from Amoun divestiture, Initial public offering (IPO) of Solta, IPO of Bausch + Lomb, Organic deleveraging",
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      "text": "Complete financial segmentation of Bausch + Lomb; Appoint leadership of Bausch Pharma and Bausch + Lomb; Achieve all internal objectives needed for the spinoff expected by 3Q21; Complete IPO of Solta Medical 4Q21/1H22; Achieve leverage / financial objectives",
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      "kind": "metric",
      "text": "Bausch + Lomb Net Leverage Targeting less than 2.5x at time of spin; Bausch Pharma Net Leverage Targeting ~6.5x-6.7x at time of spin",
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