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  "documentTitle": "Avantor | Results Presentation Deck | 13 slides",
  "authorId": "avantor",
  "authorName": "Avantor",
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  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-07-01 00:00:00",
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  "pageNumber": 5,
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  "slideType": "revenue_buildup",
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      "text": "USD in millions",
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      "text": "Total Avantor, Global GAAP consolidated net sales FY2020 $6,394 FY2021 $7,386 FY2022 $7,512 FY2023 YTD $3,524 Core organic growth $ % $ % $ % $ % COVID Impact $71 1.2% $582 9.1% $441 6.0% ($159) -4.1% Organic growth $266 4.4% 138 2.2% (266) -3.6% ($144) -3.7% M&A Impact $337 5.6% $719 11.3% $175 2.4% ($302) -7.8% FX Impact $0 0.0% 143 2.2% 268 3.6% 0 0.0% Reported net sales growth $17 0.2% 130 2.0% (317) -4.3% (34) -0.9% $353 5.8% $993 15.5% $126 1.7% ($337) -8.7% GAAP gross profit 2,080 32.5% 2,503 33.9% 2,603 34.6% 1,215 34.5% Adjustments for Ritter & Masterflex¹ 0.0% (6) -0.1% (14) -0.2% 0.0% Adjusted gross profit (non-GAAP) $2,080 32.5% $2,509 33.9% $2,617 34.8% $1,215 34.5% GAAP SG&A expense $1,374 21.5% 1,531 20.7% 1,473 19.6% 912 25.9% Amortization (307) -4.8% (291) -3.9% (318) -4.2% (157) -4.5% Acquisition/Integration-related expenses 2.3 (17) -0.3% (94) -1.3% (19) -0.2% (8) -0.2% Purchase accounting adjustments 0.0% 0.0% 4 0.1% 0.0% Other stock-based compensation (expense) benefit (1) 0.0% (3) 0.0% 3 0.0% 0.0% Restructuring & severance charges (12) -0.2% (5) -0.1% (4) 0.0% (12) -0.3% Reserve for certain legal matters 0.0% 0.0% 0.0% (1) 0.0% Impairment charges 0.0% 0.0% 0.0% (161) -4.6% Adjusted SG&A expense (non-GAAP) $1,036 16.2% $1,138 15.4% $1,140 15.2% $573 16.3% Other reconciliation items Depreciation 88 1.4% 88 1.2% 87 1.2% 46 1.3% Loss on extinguishment of debt 347 5.4% 12 0.2% 13 0.2% 4 0.1% Net foreign currency loss (gain) from financing activities (1) 0.0% 1 0.0% 7 0.1% (2) -0.1% Receipt of disgorgement penalty 0.0% (13) -0.2% 0.0% 0.0% Total other adjustments $434 6.8% $89 1.2% $107 1.4% $49 1.4% Adjusted EBITDA (non-GAAP) $1,142 17.9% $1,459 19.7% $1,571 20.9% $689 19.6%",
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