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  "documentTitle": "Bausch+Lomb | Results Presentation Deck | 42 slides",
  "authorId": "bausch-lomb",
  "authorName": "Bausch + Lomb",
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  "presentationDate": "2022-08-01 00:00:00",
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      "text": "Adj. gross margin for 2022 is expected to be ~60%¹,³",
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      "text": "4-5% organic revenue growth¹,³ expected for FY22",
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      "text": "1. This is a non-GAAP measure or ratio. See Slide 2 and Appendix for further information on non-GAAP measures or ratios. See slides 8 and 9 for disclosure of historic non-GAAP measures and ratios and their historic comparable GAAP measures and ratios.\n2. Interest expense includes ~$100M for the $2.5bn Term loan issued on May 10th 2022 and amortization and write-down of deferred financing costs. It also includes ~$50M of interest related to B+L's affiliate debt with BHC for $2.2bn which was paid off as part of the IPO transaction.\n3. The guidance in this presentation is only effective as of the date given, Aug. 4, 2022, and will not be updated or affirmed unless and until the Company publicly announces updated or affirmed guidance. Distribution or reference of this deck following Aug. 4, 2022 does not constitute the Company re-affirming guidance. See Slide 1 for further information on forward-looking statements.",
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      "text": "Total Revenues: $3.75B - $3.80B (Prior Guidance), $3.75B - $3.80B (Current Guidance)\nAdjusted EBITDA (non-GAAP)¹: $740M - $780M (Prior Guidance), $740M - $780M (Current Guidance)\nInterest Expense²: ~$150M (Prior Guidance), ~$150M (Current Guidance)\nR&D: ~7% of revenue (Prior Guidance), ~8% of revenue (Current Guidance)\nAdj. Tax Rate (non-GAAP)¹: ~12% (Prior Guidance), ~6%-8% (Current Guidance)\nAvg. Fully Diluted Share Count: ~350M (Prior Guidance), ~350M (Current Guidance)\nCapEx: ~$225M (Prior Guidance), ~$225M (Current Guidance)\nDepreciation and Stock Based Comp: ~$215M (Prior Guidance), ~$200M (Current Guidance)",
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      "text": "Maintained Full-Year 2022 Revenue and Adjusted EBITDA (non-GAAP)¹ Guidance³",
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