{
  "docId": "019de071-b5c8-70dc-b867-6172ff1f5838",
  "docSlug": "cd0d5793fc619a834119dc1c79c075a5",
  "documentTitle": "Bausch Health Companies | Investor Conference Presentation Deck | 25 slides",
  "authorId": "bausch-health-companies",
  "authorName": "Bausch Health",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2021-11-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 5,
  "pageCount": 25,
  "prevPage": 4,
  "nextPage": 6,
  "slideType": "key_messages",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 3,
  "notes": "The slide uses a two-part layout: strategic timeline (top) and financial progress (bottom).",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de071-b5c8-70dc-b867-6172ff1f5838/5",
  "deckHref": "/decks/019de071-b5c8-70dc-b867-6172ff1f5838",
  "deckJsonHref": "/decks/019de071-b5c8-70dc-b867-6172ff1f5838.json",
  "deckAnchorHref": "/decks/019de071-b5c8-70dc-b867-6172ff1f5838#slide-5",
  "components": [
    {
      "bbox": {
        "h": 0.03,
        "w": 0.6,
        "x": 0.35,
        "y": 0.92
      },
      "kind": "disclaimer",
      "text": "This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b26490a5-1c51-4a63-8a11-b3ae5d22b3e3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.48,
        "x": 0.47,
        "y": 0.0013
      },
      "kind": "list",
      "text": "We expect to launch the Solta Medical IPO in Dec. 2021/Jan. 2022 timeframe... We expect to launch the Bausch + Lomb IPO ~30 days after the Solta Medical IPO... Spinoff to occur following the expiry of customary lock-ups...",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5305952c-ad5a-4e6a-9414-214b0fc831ba",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.25,
        "x": 0.06,
        "y": 0.0064
      },
      "kind": "metric",
      "text": "$1.1B of debt repaid in 3Q21",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0e107b7c-a220-4f1b-9c89-81d3d2ce5d6e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.25,
        "x": 0.7,
        "y": 0.0064
      },
      "kind": "metric",
      "text": "6.4x total company net leverage",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "45b00839-8a12-4e51-bb93-d8ed5637f6d1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.25,
        "x": 0.38,
        "y": 0.0064
      },
      "kind": "metric",
      "text": "$1.6B YTD debt repayment as of 9/30/21",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4ff14dd3-88d9-45f2-a955-5388749655d4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.03
      },
      "kind": "title",
      "text": "Accelerating Strategic Alternatives to Drive Shareholder Value",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "70b497df-0f29-4027-aa0a-d0441c38eb0d",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 7,
      "from": 5,
      "beatId": "2bd9f813-0367-4c90-885d-0de5f1abd7d9",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Problem & Complication",
      "beatSlug": "consultants-gambit-problem-complication",
      "evidence": "slides 5-7 highlight need for strategic alternatives",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [
    {
      "to": 7,
      "from": 5,
      "name": "Why Now",
      "slug": "15-why-now",
      "bestFor": "Sales pitches, fundraising, requesting immediate budget approval",
      "matchId": "48d3cab7-4817-428a-92d3-7e45a10201bd",
      "evidence": "slides 5-7 highlight timeline and urgency",
      "position": 0,
      "objective": "why now is the time for strategic alternatives",
      "structure": "The Context (Trends) -> The Trigger Event -> The Window of Opportunity",
      "confidence": 0.7,
      "description": "Create temporal urgency by proving that the window of opportunity is opening or closing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}