{
  "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": 7,
  "pageCount": 25,
  "prevPage": 6,
  "nextPage": 8,
  "slideType": "roadmap",
  "function": "plan_implementation",
  "density": "overcrowded",
  "nDataPoints": 4,
  "notes": "The slide uses a process diagram to show how various corporate actions contribute to a central 'Path to Deleveraging'.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de071-b5c8-70dc-b867-6172ff1f5838/7",
  "deckHref": "/decks/019de071-b5c8-70dc-b867-6172ff1f5838",
  "deckJsonHref": "/decks/019de071-b5c8-70dc-b867-6172ff1f5838.json",
  "deckAnchorHref": "/decks/019de071-b5c8-70dc-b867-6172ff1f5838#slide-7",
  "components": [
    {
      "bbox": {
        "h": 0.07,
        "w": 0.62,
        "x": 0.35,
        "y": 0.16
      },
      "kind": "callout",
      "text": "Actively pursuing all opportunities to expedite leverage improvement and deliver shareholder value",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8d08870d-6e6f-4cc3-8248-f07d59d198ff",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.62,
        "w": 0.66,
        "x": 0.32,
        "y": 0.28
      },
      "kind": "diagram",
      "text": "Path to Deleveraging flow chart showing inputs like Amoun divestiture, Solta IPO, and debt raises leading to leverage targets.",
      "attrs": null,
      "subkind": "process",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d195b3aa-b8f2-4eeb-8ebc-13a796e756e2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.64,
        "x": 0.35,
        "y": 0.91
      },
      "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": "4788e285-4ccf-4e78-bbf0-fd3c1d1dda03",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.75,
        "w": 0.28,
        "x": 0.02,
        "y": 0.15
      },
      "kind": "list",
      "text": "Complete financial segmentation of Bausch + Lomb; Appoint leadership; Achieve internal objectives; Launch IPO of Solta; Launch Bausch + Lomb IPO; Bausch + Lomb spinoff.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bc2242e7-4a07-40af-9bc2-3d2cfef73c71",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.62,
        "x": 0.35,
        "y": 0.3
      },
      "kind": "metric",
      "text": "Bausch + Lomb Net Leverage Targeting less than 2.5x; Bausch Pharma Net Leverage Targeting ~6.5x-6.7x",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f1f45acc-f093-4a50-a0c5-30dd6c7c1596",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.74,
        "x": 0.25,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "1. See Slide 1... 2. The remainder... 3. Subject to market... 4. Subject to receipt...",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bb00c453-60e4-4ac0-9acd-3f435660fab6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.95,
        "x": 0.02,
        "y": 0.03
      },
      "kind": "title",
      "text": "Accelerating Strategic Alternatives to Unlock Shareholder Value",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "033dfbe9-fc1c-4b1d-a740-6471b6d0f76d",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "roadmap",
      "slug": null,
      "matchId": "43233123-2e6a-4bad-bd66-204ed84c1547",
      "evidence": "Visual timeline/process flow of strategic corporate actions.",
      "confidence": 0.9
    }
  ],
  "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
}