Ww International, Inc. · NASDAQ:WW
Ww International — Q3 2024 Earnings Presentation
12 slides from Ww International's earnings presentation, Nov 6, 2024
Slide 1: Supplemental Investor Materials
Supplemental Investor Materials November 6, 2024
Slide 2: Forward-looking Statements
Forward-looking Statements This presentation includes “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, in particular, any guidance and any statements about the Com
Slide 3: Q3 2024 Summary
Q3 2024 SUMMARY Adjusted End of Period Subscription Adjusted Gross Paid Weeks Revenues Operating Subscribers Revenues Margin(1) Income(1) 3.7 million -8.8% YoY 48.6 million $193 million $191 million 69.1% $36 million 18.5% of Revenues 71.5% YoY growth in -7.4% YoY -10.2% YoY -6.0% YoY Up 296 basis p
Slide 4: 2024 Outlook
2024 OUTLOOK ● We are reiterating our previously Full year fiscal 2024 provided guidance for End of Period Subscribers, Revenues, Adjusted Operating Income, and Adjusted EBITDAS. End of Period Subscribers At least 3.1 million ● While the recent launch of compounded semaglutide was encouraging with s
Slide 5: Capital Structure: Flexible, covenant-lite debt structure
CAPITAL STRUCTURE Flexible, covenant-lite debt structure $945M Outstanding on Term Loan1 - Due April 2028 Variable Interest Rate: 1 month Term SOFR + Credit Spread Adjustment of 11.448 bps (50 bps floor) +350 bps1 Covenant-lite structure; first-lien, secured term loan; flexibility to prepay term loa
Slide 6: Financial Detail
Financial Detail
Slide 7: Income Statement Impact of Non-GAAP Adjustments
Income Statement Impact of Non-GAAP Adjustments(1) The schedule below has been added this quarter to provide the income statement impact of adjustments made to Gross Profit, Gross Margin, Operating (Loss) Income, (Loss) Income Before Tax, Benefit from Income Taxes, Net (Loss) Income, and Diluted (Ne
Slide 8: Adjusted Operating Income to Adjusted EBITDAS
Adjusted Operating Income to Adjusted EBITDAS (in thousands) 8
Slide 9: Net (Loss) Income to Adjusted EBITDAS Non-GAAP Reconciliation
Net (Loss) Income to Adjusted EBITDAS Non-GAAP Reconciliation (in thousands) 9
Slide 10: Operating Income Guidance Reconciliation
Operating Income Guidance Reconciliation (in millions) 10
Slide 11: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION Q3 2024 Gross Profit, Gross Margin, Selling, General and Administrative Expenses, Operating (Loss) Income, Operating (Loss) Income Margin, Benefit From Income Taxes, Net (Loss) Income, and Diluted (Net Loss) Earnings Per Share (in thousands, except percentages and per share a
Slide 12: Non-GAAP Reconciliation - Footnotes
NON-GAAP RECONCILIATION - Footnotes Q3 2024 Gross Profit, Gross Margin, Selling, General and Administrative Expenses, Operating (Loss) Income, Operating (Loss) Margin, Benefit From Income Taxes, Net (Loss) Income, and Diluted (Net Loss) Earnings Per Share 12