{
  "docId": "019de514-f120-743f-9d00-70915b7d1fa5",
  "docSlug": "a9055659e75fd1b92a3c529616eb6953",
  "documentTitle": "Bausch+Lomb | Results Presentation Deck | 49 slides",
  "authorId": "bausch-lomb",
  "authorName": "Bausch + Lomb",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-02-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 18,
  "pageCount": 49,
  "prevPage": 17,
  "nextPage": 19,
  "slideType": "other",
  "function": "frame_situation",
  "density": "overcrowded",
  "nDataPoints": 3,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019de514-f120-743f-9d00-70915b7d1fa5/18",
  "deckHref": "/decks/019de514-f120-743f-9d00-70915b7d1fa5",
  "deckJsonHref": "/decks/019de514-f120-743f-9d00-70915b7d1fa5.json",
  "deckAnchorHref": "/decks/019de514-f120-743f-9d00-70915b7d1fa5#slide-18",
  "components": [
    {
      "bbox": {
        "h": 0.066,
        "w": 0.82,
        "x": 0.098,
        "y": 0.77
      },
      "kind": "list",
      "text": "Comparability: 1Q22 financial statements were prepared prior to the IPO and do not fully reflect run-rate stand-alone costs; basis of interest expense and taxes reported in 1Q22 financial statements also does not fully reflect the operations as a stand-alone entity",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "385ab533-07d5-4ce5-87a3-2950ed546d98",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.018,
        "w": 0.797,
        "x": 0.098,
        "y": 0.67
      },
      "kind": "list",
      "text": "Adj. Gross Margin²: Expect 1Q23 to be ~130bps lower than 1Q22 due to higher cost of inventory",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "39df702e-be45-457a-889b-13794f5ba1db",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.797,
        "x": 0.098,
        "y": 0.427
      },
      "kind": "list",
      "text": "1Q23 Quarterly Phasing: Expect 1Q23 adj. EBITDA2 to be lower than 1Q22, mainly driven by currency headwinds, the pace of recovery in China, and carryover leading to gross margin pressure",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b19f5646-f232-4b81-a687-55d604555b82",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.018,
        "w": 0.797,
        "x": 0.098,
        "y": 0.566
      },
      "kind": "list",
      "text": "FX: Based on current FX rates, expect headwinds in 1Q23 to be ~$35M for revenue and ~$10M for adj. EBITDA2",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d475d54a-3ab1-4f1e-babe-243e5d336585",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.018,
        "w": 0.717,
        "x": 0.098,
        "y": 0.327
      },
      "kind": "list",
      "text": "Organic Revenue Growth 2,3: Expected to be in-line with overall eyecare market growth in 1Q23",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ecf76721-d5e5-41cc-a550-a55aede8d455",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.039,
        "w": 0.743,
        "x": 0.146,
        "y": 0.949
      },
      "kind": "source-note",
      "text": "1. See Slide 1 for further information on forward-looking statements.\n2. This is a non-GAAP measure or ratio. See Slide 2 and Appendix for further information on non-GAAP measures and ratios. See slides 11, 12, 13 and 14 for disclosure of historic non-GAAP measures and ratios and their historic comparable GAAP measures and ratios.\n3. Organic revenue growth/change, a non-GAAP ratio, is defined as a change on a period-over-period basis in revenues on a constant currency basis (if applicable) excluding the impact of acquisitions, divestitures and discontinuations.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8a2733df-c241-48ac-80b9-f3c579189673",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.024,
        "w": 0.753,
        "x": 0.124,
        "y": 0.209
      },
      "kind": "title",
      "text": "Plan to provide full year guidance at 1Q23 earnings, given the new CEO transition",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b40981c5-41c2-4def-8b78-ee0f670c79eb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.33,
        "x": 0.045,
        "y": 0.085
      },
      "kind": "title",
      "text": "1Q23 Outlook Assumptions¹",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dfad0a88-35a6-4fa3-813a-6aa0f80f881c",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "AIDA Model",
      "slug": "aida-model",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "9a3e87ad-c73e-4b49-a3ad-a97792291ec0",
      "evidence": "The slide provides an outlook with specific details and assumptions, which aligns with the AIDA model's goal of providing information to aid in a decision.",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 20,
      "from": 10,
      "beatId": "7dc62337-b2ed-4c41-8d32-808d2f972bf7",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Satisfaction",
      "beatSlug": "monroes-sequence-satisfaction",
      "evidence": "The presentation showcases the company's strong financial performance and strategic advancements, providing satisfaction to investors",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [
    {
      "to": 20,
      "from": 10,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "d15671c2-99b6-48fa-89dc-6302733eef20",
      "evidence": "The presentation highlights the company's financial performance and strategic advancements, implying the consequences of not investing in Bausch + Lomb",
      "position": 0,
      "objective": "Emphasize the importance of Bausch + Lomb's solutions by highlighting the cost of inaction",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    },
    {
      "to": 22,
      "from": 18,
      "name": "Why Now",
      "slug": "15-why-now",
      "bestFor": "Sales pitches, fundraising, requesting immediate budget approval",
      "matchId": "9ec252cf-371b-49f0-9c44-e9c845dbc6c1",
      "evidence": "The presentation mentions upcoming catalysts and growth opportunities, emphasizing the timeliness of Bausch + Lomb's strategic advancements",
      "position": 1,
      "objective": "Explain why now is the right time for Bausch + Lomb's growth opportunities",
      "structure": "The Context (Trends) -> The Trigger Event -> The Window of Opportunity",
      "confidence": 0.6,
      "description": "Create temporal urgency by proving that the window of opportunity is opening or closing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}