{ "docId": "019de517-3486-7249-9e3e-af0c56592b10", "docSlug": "a37ef909f96f234cc95d950f5bb4c3d4", "documentTitle": "Dutch Bros | Results Presentation Deck | 20 slides", "authorId": "dutch-bros", "authorName": "Dutch Bros", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 17, "pageCount": 20, "prevPage": 16, "nextPage": 18, "slideType": "appendix_disclosure", "function": "appendix", "density": "dense", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019de517-3486-7249-9e3e-af0c56592b10/17", "deckHref": "/decks/019de517-3486-7249-9e3e-af0c56592b10", "deckJsonHref": "/decks/019de517-3486-7249-9e3e-af0c56592b10.json", "deckAnchorHref": "/decks/019de517-3486-7249-9e3e-af0c56592b10#slide-17", "components": [ { "bbox": { "h": 0.47778, "w": 0.88021, "x": 0.08854, "y": 0.30972 }, "kind": "list", "text": "Equity-based compensation — Non-cash expenses related to the grant and vesting of stock awards, restricted stock awards and restricted stock units in Dutch Bros Pubco¹ and/or Profit Interest Units in Dutch Bros Opco² to certain eligible employees. These awards are accounted for in accordance with guidance prescribed for in accounting for share-based compensation.\nCOVID-19: \"thank you\" pay and catastrophic leave - Costs related to two separate programs established to support employees during the COVID-19 pandemic. We implemented an hourly wage supplement program for shop employees who continued to work while their state or county was under a stay at home order or similar lockdown requirement. This program lasted in various markets until April 2021. We also established a catastrophic leave policy that provided paid leave to employees who were required to quarantine due to in-shop exposures and could not work their regular hours. All COVID-19-related protocols, including catastrophic leave, will remain in effect until the end of the COVID-19 pandemic as determined by the appropriate government agency. The catastrophic leave program was retired in May 2023.\nCOVID-19: Prepaid costs not utilized — Costs related to the write-off of previously prepaid expenses for the cancellation of our 2023 annual kick-off meeting as a result of COVID-19 concerns and the development of a virtual corporate engagement platform built in response to the health restrictions of the COVID-19 pandemic. The platform was developed as a substitute for in person engagement practices used pre-pandemic. The platform has been determined ineffective, particularly as we shift back to in-person events with the easing of restrictions related to the COVID-19 pandemic.\nMilestone events — Costs incurred for company-wide events to celebrate 30 years of serving high QUALITY, hand-crafted beverages with unparalleled SPEED and superior SERVICE to our customers.\nExecutives transition costs — Employee severance and related benefit costs, as well as sign-on bonus(es) for several executive level transitions occurring in 2022 and 2023.\nTRA remeasurement — Loss impact on condensed consolidated statements of operations of adjustments to liabilities under our TRAS.\nLegal proceedings — Estimated loss accrual related to certain legal disputes.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d4deb105-e75e-4229-a91f-8cf3ee75e54c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04444, "w": 0.88021, "x": 0.08854, "y": 0.24028 }, "kind": "paragraph", "text": "Below are the definitions of the non-GAAP adjustments that are used in the calculation of our non-GAAP measures, which are included in the GAAP to non-GAAP reconciliations on the following slides.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a4bd6a19-d8bf-4049-ab15-4b33f4388af3", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01389, "w": 0.74063, "x": 0.03854, "y": 0.92917 }, "kind": "source-note", "text": "Dutch Bros OpCo refers to Dutch Mafia, LLC, a Delaware limited liability company, and a direct subsidiary of Dutch Bros Inc.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7a3cab3e-0695-47a5-9f64-cfcc9fe7a863", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02778, "w": 0.92813, "x": 0.03854, "y": 0.89583 }, "kind": "source-note", "text": "Dutch Bros PubCo refers to Dutch Bros Inc., a Delaware Corporation, in which its Class A common stock are publicly traded on the New York Stock Exchange under the symbol \"BROS\".", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a9a4795f-4865-4d20-a991-c86f7c5b1029", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04278, "w": 0.44073, "x": 0.10417, "y": 0.07361 }, "kind": "title", "text": "NON-GAAP ADJUSTMENTS", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ce1fd7eb-9a31-404b-bfdd-35b9c3246df8", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 18, "from": 12, "beatId": "fbdc0de6-7f57-43eb-9239-613f30be1f58", "arcName": "The Sparkline", "arcSlug": "sparkline", "beatName": "Appendix", "beatSlug": null, "evidence": "Slides 12-18 provide additional information, including income statements and non-GAAP adjustments.", "position": 4, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }