{
  "docId": "019de513-e36f-734c-afe2-ce0eae987a8e",
  "docSlug": "0d06ee615e7d9bf54378224fd4b6033d",
  "documentTitle": "Olaplex | Results Presentation Deck | 22 slides",
  "authorId": "olaplex",
  "authorName": "Olaplex",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2022-08-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 20,
  "pageCount": 22,
  "prevPage": 19,
  "nextPage": 21,
  "slideType": "revenue_buildup",
  "function": "decompose_segments",
  "density": "dense",
  "nDataPoints": 48,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de513-e36f-734c-afe2-ce0eae987a8e/20",
  "deckHref": "/decks/019de513-e36f-734c-afe2-ce0eae987a8e",
  "deckJsonHref": "/decks/019de513-e36f-734c-afe2-ce0eae987a8e.json",
  "deckAnchorHref": "/decks/019de513-e36f-734c-afe2-ce0eae987a8e#slide-20",
  "components": [
    {
      "bbox": {
        "h": 0.12,
        "w": 0.883,
        "x": 0.068,
        "y": 0.808
      },
      "kind": "source-note",
      "text": "1. On February 23, 2022, the Company refinanced its existing secured credit facility with a new credit agreement comprised of a $675 million senior secured term loan facility and a $150 million senior secured revolving credit facility. This refinancing resulted in recognition of loss on extinguishment of debt of $19 million which is comprised of $11 million in deferred financing fee write off, and $8 million of prepayment fees for the previously existing credit facility. Loss on extinguishment of debt is included as non-ordinary costs and fees in the reconciliations above.\n2. Represents costs incurred related to the payment to LIQWD, Inc. (\"LIQWD\"), a predecessor entity to the Company substantially all of whose assets and liabilities were purchased as part of the the acquisition of the Olaplex, LLC business in 2020 by certain investment funds affiliated with Advent International Corporation and other investors (the \"Acquisition\"), of certain amounts due in connection with the resolution of certain litigation and contingency matters involving LIQWD, which amounts were required to be paid pursuant to the purchase agreement for the Acquisition.\n3. The inventory write-off and disposal costs relate to unused stock of a product that the Company reformulated in June 2021 as a result of regulation changes in the E.U. In the interest of having a single formulation for sale worldwide, the Company reformulated on a global basis and is now disposing of unused stock.\n4. Represents non-capitalizable professional fees and executive severance incurred in connection with the Company's initial public offering and the Company's public company transition.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c421a7fe-efe0-433f-9a0e-e27fc433716d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.27,
        "w": 0.417,
        "x": 0.533,
        "y": 0.176
      },
      "kind": "table",
      "text": "Adjusted Gross Profit ($MM)\nFor the Quarter Ended June 30\n2022 2021\nGross Profit $ 156 $ 121\nAmortization of patented formulations 3 2\nAdjusted Gross Profit $ 159 $ 123",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "28c6a424-c0ae-4b83-a03b-c160e3944211",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.609,
        "w": 0.46,
        "x": 0.048,
        "y": 0.176
      },
      "kind": "table",
      "text": "Adjusted EBITDA ($MM)\nFor the Quarter Ended June 30\n2022 2021\nNet Income $ 88 $ 49\nIncome tax provision 22 11\nDepreciation and amortization of intangible assets 12 12\nInterest expense 9 16\nLoss on extinguishment of debt¹ 19 -\nNon-recurring litigation costs² - 14\nInventory write off and disposal³ - -\nShare-based compensation 2 1\nNon-capitalizable IPO and strategic transaction costs4 - 2\nAdjusted EBITDA $ 133 $ 105\nAdjusted EBITDA margin 63.1% 69.3%\nFor the Six Months Ended June 30\n2022 2021\n$150 $95\n38 23\n25 25\n20 31\n- 19\n14 14\n4 -\n3 1\n2 2\n$259 $191\n65.3% 70.8%",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2f0edf49-4896-457d-8ee7-bd7f0fe47704",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.46,
        "x": 0.048,
        "y": 0.09
      },
      "kind": "title",
      "text": "NON-GAAP RECONCILIATION",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f4bb3b72-b0f5-494e-bb71-d8024591a308",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 22,
      "from": 19,
      "beatId": "d71a9f09-aef0-4af7-a8d0-4ff3986fe65e",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "Appendix",
      "beatSlug": null,
      "evidence": "The appendix provides additional details",
      "position": 4,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}