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  "documentTitle": "SmileDirectClub | Investor Presentation Deck | 42 slides",
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  "authorName": "SmileDirectClub",
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  "presentationDate": "2023-08-01 00:00:00",
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      "text": "Adjusted EBITDA(1): ($40MM) to ($10MM)\nRange largely driven by top line revenue results\nIncludes investments in additional SmileShops as a key component in returning to growth and driving our SmileMaker and CarePlus initiatives\nPositive Adjusted EBITDA by Q3 2023",
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      "text": "Capex: $30MM to $35MM",
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      "kind": "list",
      "text": "One-Time Costs: $12MM to $15MM\nReorganization costs which may include lease buyouts, asset impairments related to the closure of regional operating centers and SmileShops, and employee-related costs, including severance and retention payments, associated with the organizational changes",
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      "text": "Gross Margin: 73.0% to 76.0%\nEfficiencies gained with increased aligner volumes leveraging fixed costs",
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      "text": "Between $425MM to $475MM\nIncludes contributions from SmileMaker and CarePlus in the back half of 2023\nMacro factors including challenges to consumer spending and sustained high inflation are key drivers for range of aligner orders driving second half revenue",
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      "text": "REVENUE",
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      "text": "COSTS & CAPITAL",
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      "kind": "paragraph",
      "text": "Guidance now includes contributions from the 2023 delayed rollout of the SmileMaker Platform and launch of the CarePlus solution which continues to scale with expectations to contribute revenue and Adjusted EBITDA in the back half of the year",
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      "text": "(1) Adjusted EBITDA is a non-GAAP financial measure. See appendix for definition of Adjusted EBITDA. Prior period reconciliations are available in historical SEC filings at https://investors.smiledirectclub.com/financial-filings/sec-filings.",
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      "text": "2023 Updated Annual Guidance.",
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