{
  "docId": "019de517-ef27-7380-abf1-7804147a21c1",
  "docSlug": "35bb8af5e32b82874d7685e3939f2cc9",
  "documentTitle": "Bausch+Lomb | Results Presentation Deck | 39 slides",
  "authorId": "bausch-lomb",
  "authorName": "Bausch + Lomb",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-02-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 16,
  "pageCount": 39,
  "prevPage": 15,
  "nextPage": 17,
  "slideType": "kpi_overview",
  "function": "quantify_opportunity",
  "density": "dense",
  "nDataPoints": 14,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de517-ef27-7380-abf1-7804147a21c1/16",
  "deckHref": "/decks/019de517-ef27-7380-abf1-7804147a21c1",
  "deckJsonHref": "/decks/019de517-ef27-7380-abf1-7804147a21c1.json",
  "deckAnchorHref": "/decks/019de517-ef27-7380-abf1-7804147a21c1#slide-16",
  "components": [
    {
      "bbox": {
        "h": 0.02,
        "w": 0.09,
        "x": 0.04,
        "y": 0.94
      },
      "kind": "image",
      "text": "BAUSCH+LOMB",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "410ff307-78a7-4ea8-b85e-ae55ea1227ab",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.56,
        "w": 0.28,
        "x": 0.655,
        "y": 0.209
      },
      "kind": "list",
      "text": "FY24 Guidance\n~12-14% Constant Currency Revenue Growth¹\n-$40M Estimated Revenue FX Headwinds\n~62% Adj. Gross Margin¹ +100 bps y/y Expansion\n+80 bps Adj. EBITDA Margin¹ y/y Expansion at Midpoint",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "852660fb-b3da-40de-8572-1b748f2d8c27",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.72,
        "x": 0.16,
        "y": 0.889
      },
      "kind": "source-note",
      "text": "1. This is a non-GAAP measure or ratio. See Slide 1 and Appendix for further information on non-GAAP measures or ratios. See slides 10 to 13 for disclosure of historic non-GAAP measures and ratios and their historic comparable GAAP measures and ratios.\n2. Current Guidance - Interest Expense includes interest on the outstanding $2.961B of Term Loans, $1.400B of 8.375% 2028 Senior Secured Notes, $225M of revolving credit facility (as of 2/21/2024) and amortization and write-down of deferred financing costs. Actual interest expense will vary based on, among other things, actual interest rates and our indebtedness.\n3. The guidance in this presentation is only effective as of the date given, Feb. 21, 2024, 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 Feb. 21, 2024 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.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3b72a7be-b090-4482-97c1-2a5f2ffe9aee",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.67,
        "w": 0.58,
        "x": 0.045,
        "y": 0.173
      },
      "kind": "table",
      "text": "Current Guidance (Feb. 2024)\nTotal Revenue $4.600B - $4.700B\nAdj. EBITDA¹ $840M - $890M\nKey Assumptions\nInterest Expense ~$385M²\nR&D ~7-8% of revenue\nAdj. Tax Rate¹ ~15%\nAvg. Fully Diluted Share Count ~354M\nCapEx ~$250M\nDepreciation and Stock Based Comp ~$225M4",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bcf45b47-41a6-4319-bbde-84b08eeb547c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.84,
        "x": 0.045,
        "y": 0.07
      },
      "kind": "title",
      "text": "FY24 Revenue and Adjusted EBITDA (non-GAAP)¹ Guidance³",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ff50800d-d7aa-4ae7-91bb-94482ca7f49b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 21,
      "from": 15,
      "beatId": "f5dc0570-7d75-4c41-bf95-0a1de538db53",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "Action",
      "beatSlug": "aida-action",
      "evidence": "The outlook and growth drivers sections suggest actions for future growth",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 21,
      "from": 16,
      "name": "Why Now",
      "slug": "15-why-now",
      "bestFor": "Sales pitches, fundraising, requesting immediate budget approval",
      "matchId": "f890779f-fba7-4e45-aa90-66d148c80733",
      "evidence": "The document outlines the outlook and growth drivers, justifying why now is the right time",
      "position": 1,
      "objective": "Why is now the right time for growth?",
      "structure": "The Context (Trends) -> The Trigger Event -> The Window of Opportunity",
      "confidence": 0.7,
      "description": "Create temporal urgency by proving that the window of opportunity is opening or closing"
    },
    {
      "to": 21,
      "from": 15,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "e80993d8-39ed-49bb-85f4-ceec5405517a",
      "evidence": "The document implies the costs of inaction by highlighting growth prospects",
      "position": 2,
      "objective": "What are the costs of not acting?",
      "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"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}