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  "documentTitle": "Bausch+Lomb | Results Presentation Deck | 34 slides",
  "authorId": "bausch-lomb",
  "authorName": "Bausch + Lomb",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-05-01 00:00:00",
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  "pageNumber": 13,
  "pageCount": 34,
  "prevPage": 12,
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  "slideType": "kpi_overview",
  "function": "quantify_opportunity",
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  "nDataPoints": 14,
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  "slideHref": "/slides/019de515-911d-72b5-80ca-abefe6442528/13",
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      "text": "Revenue\n5-6% constant currency growth¹ expected for FY23\nFY23 FX headwinds expected to be ~$50M\n$3.975B revenue at mid-point, adjusted for FX headwinds¹\nAdj. EBITDA¹\nFY23 FX headwinds expected to be ~$35M\n$760M Adj. EBITDA at mid-point, adjusted for currency headwind¹\nAdj. Gross Margin¹\nAdj. gross margin¹ for FY23 is expected to be ~60%",
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      "text": "1. This is a non-GAAP measure or ratio. See Slide! and Appendix for further information on non-GAAP measures or ratios. See slides 9 and 10 for disclosure of historic non-GAAP measures and ratios and their historic comparable GAAP measures and ratios.\n2. Interest expense includes interest on the outstanding $2.581bn of debt and revolving credit facility and amortization and write-down of deferred financing costs.\n3. The guidance in this presentation is only effective as of the date given, May 3, 2023, 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 May 3, 2023 does not constitute the Company re-affirming guidance. See Slide 1 for further information on forward-looking statements.\n4. Does not include the potential expense acceleration of certain grants upon final separation.",
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      "kind": "table",
      "text": "Total Revenues $3.90B - $3.95B\nAdjusted EBITDA (non-GAAP)¹ $700M - $750M\nInterest Expense² ~$215M\nR&D ~8% of revenue\nAdj. Tax Rate (non-GAAP)¹ ~6%\nAvg. Fully Diluted Share Count ~352M\nCapEx ~$200M\nDepreciation and Stock Based Comp ~$220M⁴",
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      "arcSlug": "sequoia-pitch",
      "beatName": "Market Size",
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      "evidence": "The deck provides financial data and guidance for 2023",
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      "structure": "Our Performance -> Industry Average -> Best-in-Class -> The Gap = The Opportunity",
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